MIRA INFORM REPORT

 

 

Report Date :

22.07.2011

 

IDENTIFICATION DETAILS

 

Name :

UHM VACATION PRIVATE LIMITED

 

 

Registered Office :

Office No. 7, Satellite Tower, Phase II, Goregaon (East), Mumbai 400063, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

17.03.2009

 

 

Com. Reg. No.:

11-190976

 

 

Paid-up Capital :

Rs. 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U55101MH2009PTC190976

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMU05896C

 

 

PAN No.:

[Permanent Account No.]

AACCV9725G

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Tours and Travels, Car on Rent Provided, Ticket Booking and Hotel Booking etc

 

 

No. of Employees :

28 (approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (26)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 1800

 

 

Status :

New Company

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new company establishing itself gradually. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for business dealings with some caution.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Izhar 

Designation :

Director

Date :

21.07.2011

 

 

LOCATIONS

 

Registered Office :

Office No. 7, Satellite Tower, Phase II, Goregaon (East), Mumbai 400063, Maharashtra, India

Tel. No.:

91-22-28403837 / 28400815

Fax No.:

91-22-28400814

E-Mail :

m.nafis@uhmvacation.com

izhar90@hotmail.com

Website :

www.uhm.travel.com

Location :

Owned

 

 

DIRECTORS

 

AS ON 30.09.2010

 

Name :

Mr. Izhar Aijaz Ahmad

Designation :

Director

Address :

204 Building No. 4 N G Heritage Naya Nagar Mira Road (E), Thane – 401107, Maharashtra, India

Date of Birth/Age :

01.04.1973

Date of Appointment :

17.03.2009

DIN No.:

00519156

 

 

Name :

Mr. Nafis Yahia Mohammed

Designation :

Director

Address :

Room No. 401 Building No. 03 Sppl Plot Survey 239 CTC No 827D Dindoshi, Goregaon (E), Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

19.01.1968

Date of Appointment :

17.03.2009

DIN No.:

02154435

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2010

 

Names of Shareholders

 

No. of Shares

Mr. Izhar Ahmad

 

9500

Mr. Nafis Mohammed

 

500

Total

 

10000

 

 

AS ON 30.09.2010

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Tours and Travels, Car on Rent Provided, Ticket Booking and Hotel Booking etc

 

 

Terms :

 

Selling :

Cash

 

 

Purchasing :

Cash

 

 

GENERAL INFORMATION

 

Customers :
  • Local People
  • Corporate

 

 

No. of Employees :

28 (approximately)

 

 

Bankers :
  • Standard Chartered Bank, Goregaon (East) Branch, Mumbai
  • HDFC Bank 

 

 

Facilities :

Secured Loans

31.03.2010 (Rs. In Millions)

31.03.2009 (Rs. In Millions)

HDFC Bank Car Loan

0.690

0.000

Total

0.690

0.000

 

 

Unsecured Loans

31.03.2010 (Rs. In Millions)

31.03.2009 (Rs. In Millions)

Loan from Director

0.225

0.000

Total

0.225

0.000

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

W. S. Usmani and Company

Chartered Accountant

Address :

B-14/15, 2nd Floor, Satyam Shopping Centre, M.G. Road, Ghatkopar (East), Mumbai – 400077, Maharashtra, India

Pan No.:

AAAPU3605K

 

 

Associates/Subsidiaries :
  • Ruby Vacation Private Limited, Goregaon, Mumbai

Line of Business: Air Ticket

 

  • United Holidays Private Limited 

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2010

 

Authorised Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs. 10 each

Rs.0.100 million

 

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs. 10 each

Rs.0.100 million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2010

31.03.2009

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

 

0.100

0.100

2] Share Application Money

 

0.000

0.000

3] Reserves & Surplus

 

0.361

0.000

4] (Accumulated Losses)

 

0.000

(0.007)

NETWORTH

 

0.461

0.093

LOAN FUNDS

 

 

 

1] Secured Loans

 

0.690

0.000

2] Unsecured Loans

 

0.225

0.000

TOTAL BORROWING

 

0.915

0.000

DEFERRED TAX LIABILITIES

 

0.027

0.000

 

 

 

 

TOTAL

 

1.403

0.093

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

1.177

0.000

Capital work-in-progress

 

0.000

0.000

 

 

 

 

INVESTMENT

 

0.000

0.000

DEFERREX TAX ASSETS

 

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 
0.000

0.000

 

Sundry Debtors
 
0.919

0.000

 

Cash & Bank Balances
 
5.053

0.079

 

Other Current Assets
 
0.030

0.000

 

Loans & Advances
 
0.253

0.000

Total Current Assets
 
6.255

0.079

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
 
5.671

0.002

 

Other Current Liabilities
 
0.000

0.000

 

Provisions
 
0.371

0.000

Total Current Liabilities
 
6.042

0.002

Net Current Assets
 
0.213

0.077

 

 

 

 

MISCELLANEOUS EXPENSES

 

0.013

0.016

 

 

 

 

TOTAL

 

1.403

0.093

 

 

 

 

Particulars

 

31.03.2011

31.03.2010

31.03.2009

Sales Turnover (Approximately)

70.000

40.000

NA

 

Expected Sales (2011-12) : Rs. 200.000 millions

 

The above information has been parted by Mr. Izhar (Director)

 

 

KEY RATIOS

 

PARTICULARS

 

 

 

31.03.2010

31.03.2009

Debt Equity Ratio

(Total Liability/Networth)

 
 

15.09

0.02

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
 

1.04

39.50

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

The Details of Sundry Creditors (Partial Details)

Rs. In Millions

Particulars

 

31.03.2010

31.03.2009

Sundry Creditors

 
 

 

Aikten Spence Travel Limited

 
(0.003)

0.000

Akbar Travels of India Private Limited
 

0.027

0.000

Anande in the Himalayas

 

2.022

0.000

Gesture Hotels and Resorts

 

0.005

0.000

Green Woods
 

0.022

0.000

GTA
 

0.004

0.000

Hotel Ajanta – Delhi

 

0.006

0.000

Hotel Beds

 

1.060

0.000

Wonders Infinity Tourism

 

0.520

0.000

American Express Credit Card

 

0.038

0.002

 

Fixed Assets:

  • Computers
  • Computers software
  • Furniture and fixture
  • Motor car
  • Laptop
  • Mobile phone
  • Printer

 

 

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 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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.43

UK Pound

1

Rs.71.90

Euro

1

Rs.63.41

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILIRY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

26

 

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

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

-

NB

                                       New Business

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.