MIRA
INFORM REPORT
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Report Date : |
31.10.2008 |
IDENTIFICATION DETAILS
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Name : |
GREEN TOURISM PROMOTION |
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Registered Office : |
D – 296, Sarvodaya Enclave, |
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Country : |
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Financials (as on) : |
30.09.2008 (6 months) |
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Year of Establishment : |
2008 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Provider of Tour Operator and Travel Agent Service |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 2000 |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new and small concern in its field. No payment are available. No banking relations are known. Initially, the concern can be considered for any business dealings on
safe and secured trade terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. C S Mani |
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Designation : |
Proprietor cum Chief Executive Officer |
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Date : |
23.10.2008 |
LOCATIONS
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Registered Office : |
D – 296, Sarvodaya Enclave, New Delhi – 110 017, India |
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Tel. No.: |
91-11-41829544 |
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Mobile No.: |
91-9818066133 |
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Fax No.: |
91-11-26961462 |
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E-Mail : |
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Website : |
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Area : |
200 Sq.Mtrs |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. C S Mani |
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Designation : |
Proprietor cum Chief Executive Officer |
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Address : |
D – 296, Sarvodaya Enclave, New Delhi – 110 017, India |
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Date of Birth/Age : |
52 years |
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Qualification : |
Graduate |
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Experience : |
30 years in various travel companies also worked for Sita Travels,
Delhi |
BUSINESS DETAILS
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Line of Business : |
Provider of Tour Operator and Travel Agent Service |
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Products : |
·
Hotel Booking in India ·
Car and Coach Renting ·
Air/Train Ticketing ·
Tour Organizing ·
Nature Camps ·
Wildlife Tours ·
Winter Skiing ·
Kerala Tours ·
Houseboat Holidays ·
Himalayan Trekking ·
Ayurveda Packages ·
Beach Holidays ·
Desert Safaris ·
Guide Services ·
Corporate Events and Tours ·
Cultural Tours, etc. |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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No. of Employees : |
3 |
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Bankers : |
HDFC Bank Limited, Green Park, New Delhi, India |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.300 million |
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Borrowed : |
--- |
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Total : |
Rs. 0.300 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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30.09.2008 |
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Sales Turnover |
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5.000 |
Expected Sales (2008-09): Rs.20.000 millions
LOCAL AGENCY FURTHER INFORMATION
website details:-
Subject is a leading Tour Operator and Travel
Agent in India, with its management having more than 30 years of tour
handling experience. Their knowledge of destinations ranges from heritage
monuments to wildlife parks and from houseboat holidays to rafting and nature
camps. Their experienced guides are well-trained and familiar with the
environment of the local inhabitants.
The concern services include
Hotel Bookings, Car and Coach Rentals, Guide Services, Air Ticketing, Domestic
and International Tours, Train Bookings and Corporate Outdoor Events for
both domestic and overseas clients. They have a gamut of attractive tour
packages to match the budget of their clients, and these include Nature Camps, Wildlife Safaris, Skiing,
Trekking, Houseboat Holidays, Beach Retreats, Desert Safaris and Weekend Tours.
This apart, their “Off the beaten track” itineraries can be included in
any tailor-made holidays to India by combining them with any of their other
products such as hotels, tours and resorts.
Code of Practice
They aim to adhere to the following code of practice in their
operations:
· To promote tourism that is economically productive, socially responsible and environmentally friendly
· To encourage considerate, culturally and environmentally conscious habits amongst those who travel with us
· To bear in mind the rights of the local population and respect local laws and customs
· To attempt to involve the local population in all tourism projects that they may initiate
· To provide regular and ongoing training to their staff in the principles and practices of responsible tourism
· To ensure that their leaders and guides pass on to their clients an insight and understanding of the host destination
· To insist that their business partners in the destinations meet their own high environmental and social standards, and that, where necessary, they receive training to improve their understanding of the issues.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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27 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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