MIRA
INFORM REPORT
|
Report Date : |
21.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRAVEL POST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5 Sahni Niwas Khar West, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.07.1993 |
|
|
|
|
Com. Reg. No.: |
11-072751 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.29.902 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63040MH1993PTC072751 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT05285A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Travel Agent |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 220000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, 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 DECLINED BY
Management Not Co-operative
LOCATIONS
|
Registered Office : |
5 Sahni Niwas Khar West, |
|
Tel. No.: |
91-22-26485000/ 26044444/ 67199999 |
|
Fax No.: |
91-22-26055250 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
2/3, Krishna Chambers, North Main Roadl, |
|
Tel. No.: |
91-20 - 26114000/ 56025353 |
|
Fax No.: |
91-20 - 5603 2463 |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Nasrulla Sharuddin Tejani |
|
Designation : |
Managing Director |
|
Address : |
A-46, Cozihom 251-Pali Hill, Bandra (West), Mumbai - 400050, |
|
Date of Birth/Age : |
02.02.1959 |
|
Date of Appointment : |
08.07.1993 |
|
DIN No.: |
01846295 |
|
|
|
|
Name : |
Mr. Bilkish Nasrulla Tejani |
|
Designation : |
Director |
|
Address : |
A-46, Cozihom 251-Pali Hill, Bandra (West), Mumbai - 400050, |
|
Date of Birth/Age : |
12.03.1967 |
|
Date of Appointment : |
08.07.1993 |
|
DIN No.: |
01846259 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Nasrulla Sharuddin Tejani |
|
265902 |
|
Bilkish Nasrulla Tejani |
|
33118 |
|
|
|
|
|
Total |
|
299020 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Travel Agent |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
I Nagindas and Company Chartered Accountant |
|
Address 1: |
121, M.G. Road, |
|
Address 2: |
159, 2nd Floor, Reghuleela Mega |
|
Tel. No.: |
91-22-28010274/ 28993791 |
|
Mobile No.: |
91-9819487500 |
|
E-Mail : |
|
|
PAN.: |
AADPS2141K |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
299020 |
Equity Shares |
Rs.100/-
each |
Rs.29.902 Millions |
|
|
|
|
|
|
|
|
|
|
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 |
29.902 |
29.902 |
29.902 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
25.933 |
24.928 |
13.870 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
55.835 |
54.830 |
43.772 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
29.604 |
25.033 |
27.635 |
|
|
2] Unsecured Loans |
11.210 |
7.363 |
4.145 |
|
|
TOTAL BORROWING |
40.814 |
32.396 |
31.780 |
|
|
DEFERRED TAX LIABILITIES |
0.062 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
96.711 |
87.226 |
75.552 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
86.390 |
86.406 |
52.933 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
1.638 |
1.638 |
1.638 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
24.839
|
17.982
|
26.856 |
|
|
Cash & Bank Balances |
4.019
|
4.514
|
3.087 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
10.673
|
6.577
|
8.803 |
|
Total
Current Assets |
39.531
|
29.073 |
38.746 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
27.969
|
27.848 |
21.575 |
|
|
Other Current Liabilities |
1.616
|
1.480
|
2.528 |
|
|
Provisions |
1.263
|
0.563 |
1.360 |
|
Total
Current Liabilities |
30.848
|
29.891 |
25.463 |
|
|
Net Current Assets |
8.683
|
(0.818) |
13.283 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
7.698 |
|
|
|
|
|
|
|
|
TOTAL |
96.711 |
87.226 |
75.552 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
36.998 |
31.185 |
37.259 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
35.231 |
30.294 |
36.431 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.767 |
0.891 |
0.828 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.763 |
0.164 |
(0.414) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.004 |
0.727 |
1.242 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.582 |
10.854 |
9.612 |
|
|
|
|
|
|
|
|
|
|
BALANCE
AT THE END OF THE YEAR |
12.586 |
11.581 |
10.854 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2.666 |
NA |
NA |
|
|
TOTAL EARNINGS |
2.666 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.36 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.71
|
2.33
|
3.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.40
|
0.77
|
0.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.02
|
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.28
|
1.14
|
1.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
0.97
|
1.52 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
in Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
27.969
|
27.848 |
21.575 |
|
Other Current Liabilities |
1.616
|
1.480
|
2.528 |
|
Total |
29.585 |
29.328 |
24.103 |
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
No |
|
Name
of Person Contacted |
No |
|
Designation
of contact person |
No |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U63040MH1993PTC072751 |
|
Name of the
company |
TRAVEL POST PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
5 Sahni Niwas Khar West, E-mail: prafull@travelpostindia.com
|
|
This form is for |
Creation of
Charge |
|
Type of charge |
Immovable Property |
|
Particular of
charge holder |
Development Credit Bank Limited, 301, Delta Plaza, 414, Veer Savarkar
Marg, Prabhadevi, Mumbai-400025, Maharashtra, India E-mail: vijaykurankar@dcbl.com
|
|
Nature of
instrument creating charge |
Letter of Recording
for Extension of Equitable Mortgage Dated 24.11.2011 Nature of
facility: DLOD : Rs.5.000 Millions |
|
Date of
instrument Creating the charge |
24.11.2011 |
|
Amount secured by
the charge |
Rs.5.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 3.00% over Base
Rate minimum 13.50% p.a. (Present Base Rate 10.50%) Terms of
Repayment On Demand /
Annual review / 24 months Margin 60% of the market
value of property Extent and
Operation of the charge The charge is
operative and created for Rs.5.000 Millions. For other credit facilities,
separate charge is already filed. |
|
Short particulars
of the property charged |
The charge is
secured by way of equitable mortgage on immovable property i.e. Land and
Building situated on Property bearing plot no. 783 of TPS III, CTS |
Fixed Assets:
- Office Equipments
- Software
- Air Conditioner
- Motor Car
- Furniture and Fixture
- Computers
AS PER WEBSITE DETAILS:
PROFILE
Subject has proved its mettle as one of
Subject is yet another small gesture to offer
there customers the convenience and luxury of planning the travel right at the
desktop. Catering to all the travel and travel-related needs, all in a click!
Now everything you need to plan and book the trip is here, online---airline
ticketing, package tours and cruises for groups, families, couples or individuals.
Travel Post India.com will take
And now as an extension of there dedication to
customer satisfaction and convenience, Travel Post launches Equino Fun
Holidays. A wing exclusively dedicated to the business of leisure. To help plan
holiday packages, tours and cruises for groups, families, corporate, couple and
individuals. All with the distinctive stamp of Travel Post hospitality.
Despite the strides in technology and
convenience, they still remain true to the tenet of traditional Indian
hospitality: "There guest is there God".
Come, explore the holiday destinations of the
world in cyberspace and make holidaying in the new millennium an experience
like never before.
Click here to see there awards of appreciation
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.54.88 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.