MIRA
INFORM REPORT
|
Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ABERCROMBIE AND KENT INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Suite No.506, 5th Floor, Copia Corporate Suites, Jasola
District Centre, New Delhi-110025 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.09.1985 |
|
|
|
|
Com. Reg. No.: |
55-022104 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL1985PTC022104 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA00442B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA5951D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Tour Operator / Travel Agent |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. But from
last two years company is incurring a loss but the networth of the company appears
to be satisfactory. However, trade relations are reported to be fair.
Business is active. Payments are reported to be usually correct and as per
commitments. The company can be considered normal for business dealing at usual
trade terms and conditions. Current year profit and loss account is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Suite No.506, 5th Floor, Copia Corporate Suites, Jasola
District Centre, New Delhi-110025, India |
|
Tel. No.: |
91-11-46001600 |
|
Fax No.: |
91-11-26185056 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Vikram Madhok |
|
Designation : |
Managing Director |
|
Address : |
B-362, New Friends Colony, New Delhi-110065, India |
|
Date of Birth/Age : |
26.06.1959 |
|
Date of Appointment : |
15.05.1997 |
|
DIN No.: |
00195539 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909DL1985PTC022104 |
ABERCROMBIE
AND KENT INDIA PRIVATE LIMITED |
Managing
director |
15-05-97 |
15-05-97 |
Active |
NO |
|
2 |
U74999MH1968GAP014120 |
INDO-AMERICAN
CHAMBER OF COMMERCE |
Director |
06-10-04 |
06-10-04 |
Active |
NO |
|
3 |
U72200DL2005PTC138267 |
SYNERGYS
IT SERVICES PRIVATE LIMITED |
Director |
04-07-05 |
04-07-05 |
Active |
NO |
|
Name : |
Mr. Arunendu Roy |
|
Designation : |
Director |
|
Address : |
F-1180, Chittranjan Park, New Delhi-110019, India |
|
Date of Birth/Age : |
28.06.1961 |
|
Date of Appointment : |
27.06.1995 |
|
DIN No.: |
00195359 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909DL1985PTC022104 |
ABERCROMBIE
AND KENT INDIA PRIVATE LIMITED |
Director |
27-06-95 |
27-06-95 |
Active |
NO |
|
2 |
U74899DL1990PTC041589 |
DESTINATION
INDIA TOURS PRIVATE LIMITED |
Director |
03-02-96 |
03-02-96 |
Strike
off |
NO |
|
3 |
U63040DL1990PTC041588 |
ABERCROMBIE
AND KENT TRAVEL PRIVATE LIMITED |
Director |
03-02-96 |
03-02-96 |
Strike
off |
NO |
|
4 |
U29299DL2003PTC119006 |
INDO
PHOENIX AGRI SILICA PRIVATE LIMITED |
Additional
director |
31-03-08 |
31-03-08 |
Strike
off |
NO |
|
Name : |
Mr. Rajesh Khanna |
|
Designation : |
Director |
|
Address : |
EC-125, SFS Marya Enclave, New Delhi-110064, India |
|
Date of Birth/Age : |
11.10.1970 |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
02359964 |
|
|
|
|
Name : |
Mr. Brett Eric Fichte |
|
Designation : |
Director |
|
Address : |
2422, White Barn Road, Aurora IL-60504 |
|
Date of Birth/Age : |
08.10.1967 |
|
Date of Appointment : |
30.09.2006 |
|
DIN No.: |
01063153 |
|
|
|
|
Name : |
Mr. Kamal Kishen Jetley |
|
Designation : |
Director |
|
Address : |
A 2/130, Safdarjung Enclave, New Delhi-110029, India |
|
Date of Birth/Age : |
13.06.1959 |
|
Date of Appointment : |
25.09.1995 |
|
DIN No.: |
00194378 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1990PTC041589 |
DESTINATION
INDIA TOURS PRIVATE LIMITED |
Director |
24-09-95 |
24-09-95 |
- |
Strike
off |
NO |
|
2 |
U63040DL1990PTC041588 |
ABERCROMBIE
AND KENT TRAVEL PRIVATE LIMITED |
Director |
24-09-95 |
24-09-95 |
- |
Strike
off |
NO |
|
3 |
U51909DL1985PTC022104 |
ABERCROMBIE
AND KENT INDIA PRIVATE LIMITED |
Director |
25-09-95 |
25-09-95 |
- |
Active |
NO |
|
4 |
U74899DL1986PTC025719 |
AAKAAR
TURNKEY SERVICES PRIVATE LIMITED |
Director |
01-10-99 |
01-10-99 |
- |
Active |
NO |
|
5 |
U74899DL1992PTC049828 |
RAMRAJ
EXPORTS PRIVATE LIMITED |
Director |
27-04-00 |
27-04-00 |
- |
Active |
NO |
|
6 |
U74899DL1987PTC028835 |
AGARWAL
JETLEY AND COMPANY PRIVATE LIMITED |
Director |
06-10-00 |
06-10-00 |
- |
Active |
NO |
|
7 |
U27310DL2007PTC169208 |
DZAHUNA
INDUSTRIES PRIVATE LIMITED |
Director |
28-11-08 |
10-10-07 |
30-12-08 |
Active |
NO |
|
8 |
U52100DL2007PTC169845 |
AFI ENTERPRISES
PRIVATE LIMITED |
Director |
25-10-07 |
25-10-07 |
15-11-07 |
Active |
NO |
|
9 |
U29299DL2003PTC119006 |
INDO
PHOENIX AGRI SILICA PRIVATE LIMITED |
Additional
director |
31-03-08 |
31-03-08 |
- |
Strike
off |
NO |
|
10 |
U55101DL2010PTC201500 |
BHASUNDARA
HOTELS PRIVATE LIMITED |
Director |
13-04-10 |
13-04-10 |
- |
Active |
NO |
|
Name : |
Mr. Geoffrey John Worke Kent |
|
Designation : |
Director |
|
Address : |
Sloane – Square House, Holbern Place |
|
Date of Birth/Age : |
14.07.1942 |
|
Date of Appointment : |
28.11.1995 |
|
DIN No.: |
01065914 |
|
|
|
|
Name : |
Mr. Timothy David Holderness Roddam |
|
Designation : |
Director |
|
Address : |
Church Farm, West Kington, Near Chippenham Will Tshile |
|
Date of Appointment : |
30.09.2004 |
|
DIN No.: |
01096915 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Abercrombie and Kent Group Companies, Luxemberg |
49900 |
|
Agarwal Jetley Company Private Limited, India |
100 |
|
TOTAL |
50000 |
AS ON 29.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
99.98 |
|
Bodies corporate |
0.02 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Tour Operator / Travel Agent |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Citi Bank ·
ICICI Bank ·
Standard Chartered Bank ·
HDFC Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
VSPV and Company Chartered Accountant |
|
Address : |
A 2/78, Safdarjung Enclave, New Delhi-110029, India |
|
Tel. No.: |
91-11-26169814 |
|
Fax No.: |
91-11-26162613 |
|
E-Mail : |
|
|
Pan No.: |
AAAFA6605R |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
39.694 |
78.736 |
87.779 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
40.194 |
79.236 |
88.279 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
1.064 |
|
|
|
|
|
|
|
|
TOTAL |
40.194 |
79.236 |
89.343 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.206 |
18.378 |
23.899 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
253.863
|
199.559 |
334.344 |
|
|
Cash & Bank Balances |
48.652
|
17.849 |
26.849 |
|
|
Other Current Assets |
91.442
|
68.512 |
58.214 |
|
|
Loans & Advances |
5.519
|
5.327 |
2.620 |
|
Total
Current Assets |
399.476
|
291.247 |
422.027 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
192.960
|
132.681 |
236.580 |
|
|
Other Current Liabilities |
97.695
|
28.100 |
65.691 |
|
|
Provisions |
79.833
|
69.608 |
54.312 |
|
Total
Current Liabilities |
370.488
|
230.389 |
356.583 |
|
|
Net Current Assets |
28.988
|
60.858 |
65.444 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
40.194 |
79.236 |
89.343 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
547.590 |
778.642 |
|
|
|
Other Income |
|
5.777 |
11.520 |
|
|
|
TOTAL |
|
553.367 |
790.162 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
|
482.423 |
647.643 |
|
|
|
Administrative Expenses |
|
59.792 |
81.886 |
|
|
|
TOTAL |
|
542.215 |
729.529 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
11.152 |
60.633 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
4.923 |
5.622 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
6.229 |
55.011 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
15.272 |
30.048 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
(9.043) |
24.963 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
87.778 |
62.815 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT / LOSSES
TRANSFERRED TO RESERVE AND SURPLUS A/C |
|
78.735 |
87.778 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
(180.86) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
(1.63) |
3.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
1.14 |
7.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
2.01 |
12.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.08 |
0.62 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
9.22
|
2.91 |
1.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
1.26 |
1.18 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
No |
|
9. Name of person contacted |
No |
|
10. Designation of contact person |
No |
|
11. Turnover of firm for last two years |
Yes |
|
12. Profitability for last two years |
Yes |
|
13. Reasons for variation <> 20% |
------- |
|
14. Estimation for coming financial year |
No |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
NOTE
Registered office has been shifted from B-6/20, Local Shopping Centre, Sagdarjung
Enclave, New Delhi-110029, India to the present address w.e.f. 01.06.2012.
FIXED ASSETS
·
Furniture and Fixtures
·
Computers
·
Office Equipments
·
Commercial Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 56.30 |
|
|
1 |
Rs. 88.06 |
|
Euro |
1 |
Rs. 70.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.