MIRA
INFORM REPORT
|
Report Date : |
31.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
INTERGLOBE AVIATION LIMITED (w.e.f.11.08.2006) |
|
|
|
|
Formerly Known
As : |
INTERGLOBE AVIATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Central Wing, Ground Floor, Thapar House, 124, Janpath, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.01.2004 |
|
|
|
|
Com. Reg. No.: |
55-129768 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 343.720 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U62100DL2004PLC129768 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELI05040A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI2726B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Air Support Services. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 15300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Even though the company has seen a drastic dip in its net
profitability. The overall performance appears to be decent considering the
handles in the aviation industry. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial years
of the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
MANAGEMENT NON CORPORATIVE (91-124-2358201)
LOCATIONS
|
Registered Office : |
Central Wing, Ground Floor, Thapar House, 124, Janpath, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 sq ft |
|
Location : |
Owned |
|
|
|
|
Branch Office 1 : |
Block 2B, DLF
Corporate Park, DLF Qutab Enclave, Phase III, Gurgaon-122002, |
|
Tel. No.: |
91-124-2358201-05 |
|
Fax No.: |
91-124-2357554 |
|
|
|
|
Branch Office 2 : |
Interglobe Air
Transport/ Galileo |
|
Tel. No.: |
91-141-2360532 |
|
Fax No.: |
91-141-5118886 |
|
|
|
|
Branch Office 3 : |
Interglobe
Technologies, Tower C, Global |
|
Tel. No.: |
91-124-5060555 |
|
Fax No.: |
91-124-2549540 |
|
|
|
|
Branch Office 4 : |
InterGlobe
Technology Quotient, Block 2B, DLF Corporate Park, |
|
Tel. No.: |
91-124-2358201 |
|
Fax No.: |
91.124-2357554 |
|
Location : |
Owned |
|
|
|
|
Branch Office 5 : |
InterGlobe
Hotels, Block 2B, DLF, Corporate Park, |
|
Tel. No.: |
91-124-2358201 |
|
Fax No.: |
91-124-5068193 |
|
|
|
|
Branch Office 6 : |
InterGlobe
Aviation, Block 2B, DLF Corporate Park, |
|
Tel. No.: |
91-124-2358201 |
|
Fax No.: |
91-124-5068193 |
|
|
|
|
Branch Office 7 : |
Ground Floor, Thapar House, 66, Janpath, |
DIRECTORS
As on: 20.09.2012
|
Name : |
Mr. Kapil Bhatia |
|
Designation : |
Director |
|
Address : |
18, OAK Drive, Mandi Road, Sultanpur, New Delhi – 110030, India |
|
Date of Birth/Age : |
01.06.1932 |
|
Date of Appointment : |
13.01.2004 |
|
DIN No.: |
00090776 |
|
|
|
|
Name : |
Mr. Anil Parashar |
|
Designation : |
Director |
|
Address : |
E-367, Greater Kailash Part I, New Delhi – 110048, India |
|
Date of Birth/Age : |
17.08.1958 |
|
Date of Appointment : |
30.05.2007 |
|
DIN No.: |
00055377 |
|
|
|
|
Name : |
Mr. Rahul Bhatia |
|
Designation : |
Director |
|
Address : |
18, OAK Drive, Mandi Road, Sultanpur, New Delhi – 110030, India |
|
Date of Birth/Age : |
10.06.1960 |
|
Date of Appointment : |
13.01.2004 |
|
DIN No.: |
00090860 |
|
|
|
|
Name : |
Mr. Aditya Ghosh |
|
Designation : |
Director |
|
Address : |
H-452A, Palam Vihar, Gurgaon – 122002, |
|
Date of Birth/Age : |
27.07.1975 |
|
Date of Appointment : |
30.05.2007 |
|
DIN No.: |
01243445 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Lakhotia |
|
Designation : |
Secretary |
|
Address : |
M 165, Lado Sarai, New Delhi – 110030, India |
|
Date of Birth/Age : |
15.12.1981 |
|
Date of Appointment : |
20.09.2011 |
|
PAN No. : |
ACQPL7145M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 20.09.2012
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Kapil Bhatia |
50 |
|
Rahul Bhatia |
40 |
|
Rohini Bhatia |
10 |
|
Interglobe Enterprises Limited, |
156950 |
|
Caelum Investment |
147000 |
|
Shobha Gangwal |
1451 |
|
Asha Mukherjee |
1499 |
|
TOTAL |
307000 |
|
Names of Shareholders (Convertible Preference Shares) |
No. of Shares |
|
Riyaz Peer Moham |
5110 |
|
Shakti Lumba |
84 |
|
Steven Eugene Harfst |
3607 |
|
Newton Bruce Ashby |
6012 |
|
Chesapaake International |
4008 |
|
Kunal Chanana |
6012 |
|
G5 Investments |
1503 |
|
Sanjay Kumar |
334 |
|
Tario Taher Carimjee |
4034 |
|
Anil Chanana |
6012 |
|
TOTAL |
36716 |
As on: 20.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
48.36 |
|
Bodies corporate |
51.12 |
|
Directors or relatives of Directors |
0.03 |
|
Other top fifty shareholders |
0.49 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Air Support Services. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
‘INDIGO AIR’ |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Not Divulged |
||||
|
Countries : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Not Divulged |
||||
|
Countries : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
J.P. Morgan Europe Limited, 25 Bank Street, Canary Wharf, London –
E145JP, United Kingdom |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
UT Finance Corporation, Office Building G, 400 Main Street, Mail Stop 133-54,
East Hartford, CT, East Hartford Connecticut – 06108, United States of
America |
|
|
|
|
Auditors : |
|
|
Name : |
B.S.R. and Company Chartered Accountants |
|
Address : |
Building No.10, 8th Floor, Tower – B, |
|
Tel. No.: |
91-124-2549191 |
|
Fax No.: |
91-124-2549101 |
|
PAN No. : |
AAAFB9852F |
|
|
|
|
Ultimate Holding
Company : |
Ř
InterGlobe Enterprises Limited CIN No. : U63040DL1989PLC037689 |
|
|
|
|
Fellow Subsidiary
Company : |
Ř
InterGlobe Air Transport Limited CIN No. : U62200DL2009PLC196031 |
|
|
|
|
Enterprises
which are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Ř
InterGlobe Technologies Private Limited CIN No. : U72300DL1998PTC097150 Ř
Galileo India Private Limited CIN No. : U63040DL1997PTC085860 Ř
InterGlobe Hotels Private Limited CIN No. : U55101DL2004PTC128567 Ř
Zelos Developers Private Limited CIN No. : U70101DL1999PTC098628 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.1000/- each |
Rs.500.000 Millions |
|
1700000 |
Preference Share |
Rs.1000/- each |
Rs.1700.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.2200.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
307000 |
Equity Shares |
Rs.1000/- each |
Rs.307.000 Millions |
|
36716 |
Preference Share |
Rs.1000/- each |
Rs.36.720.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 343.720
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
343.720 |
343.720 |
|
(b) Reserves & Surplus |
|
3483.090 |
2204.330 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3826.810 |
2548.050 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
9055.480 |
8069.760 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
11542.180 |
5692.760 |
|
(d) long-term provisions |
|
158.310 |
133.820 |
|
Total Non-current Liabilities (3) |
|
20755.970 |
13896.340 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
305.580 |
540.290 |
|
(b) Trade payables |
|
1793.390 |
1205.460 |
|
(c) Other current
liabilities |
|
11204.380 |
6824.330 |
|
(d) Short-term provisions |
|
153.230 |
5797.370 |
|
Total Current Liabilities (4) |
|
13456.580 |
14367.450 |
|
|
|
|
|
|
TOTAL |
|
38039.360 |
30811.840 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
8813.120 |
8310.120 |
|
(ii) Intangible Assets |
|
46.990 |
1.290 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
665.100 |
25.380 |
|
(d) Long-term Loan and Advances |
|
4541.840 |
2859.470 |
|
(e) Other Non-current assets |
|
885.300 |
118.950 |
|
Total Non-Current Assets |
|
14952.350 |
11315.210 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
5234.180 |
8022.440 |
|
(b) Inventories |
|
373.880 |
446.740 |
|
(c) Trade receivables |
|
389.200 |
166.580 |
|
(d) Cash and cash
equivalents |
|
13088.260 |
7756.930 |
|
(e) Short-term loans and
advances |
|
3179.450 |
2491.330 |
|
(f) Other current assets |
|
822.040 |
612.610 |
|
Total Current Assets |
|
23087.010 |
19496.630 |
|
|
|
|
|
|
TOTAL |
|
38039.360 |
30811.840 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1897.720 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1795.810 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
3693.530 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
9003.890 |
|
|
2] Unsecured Loans |
|
|
684.000 |
|
|
TOTAL BORROWING |
|
|
9687.890 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
Other Liabilities |
|
|
5679.510 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
19060.930 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
8363.030 |
|
|
Capital work-in-progress |
|
|
11.320 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
6570.860 |
|
|
DEFERREX TAX ASSETS |
|
|
616.650 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
340.300 |
|
|
Sundry Debtors |
|
|
180.520 |
|
|
Cash & Bank Balances |
|
|
3184.890 |
|
|
Other Current Assets |
|
|
190.480 |
|
|
Loans & Advances |
|
|
3772.350 |
|
Total
Current Assets |
|
|
7668.540 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1460.760 |
|
|
Other Current Liabilities |
|
|
2535.550 |
|
|
Provisions |
|
|
173.160 |
|
Total
Current Liabilities |
|
|
4169.470 |
|
|
Net Current Assets |
|
|
3499.070 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
19060.930 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
55524.040 |
38254.090 |
26015.690 |
|
|
|
Other Income |
1656.650 |
1219.250 |
630.280 |
|
|
|
TOTAL |
57180.690 |
39473.340 |
26645.970 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
0.000 |
0.000 |
|
|
|
|
Purchases of stock-in-trade |
346.570 |
190.930 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(6.830) |
(1.100) |
|
|
|
|
Employee benefit expense |
5206.730 |
2938.180 |
|
|
|
|
Other expenses |
49815.680 |
28172.200 |
|
|
|
|
TOTAL |
55362.150 |
31300.210 |
20771.030 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1818.540 |
8173.130 |
5874.940 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
514.270 |
449.910 |
567.730 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1304.270 |
7723.220 |
5307.210 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
665.230 |
628.700 |
459.960 |
|
|
|
|
|
|
|
|
|
|
TOTAL PROFIT BEFORE PRIOR PERIOD ITEMS,
EXCEPTIONAL ITEMS, EXTRAORDINARY ITEMS AND TAX |
639.040 |
7094.520 |
4847.250 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ITEMS BEFORE TAX |
0.000 |
0.000 |
43.260 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
639.040 |
7094.520 |
4890.510 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(639.720) |
591.270 |
(616.500) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1278.760 |
6503.250 |
5507.010 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
1795.810 |
(3689.970) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
NA |
8299.060 |
21.230 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
0.000 |
1795.810 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Passenger Services # |
1044.500 |
360.240 |
323.830 |
|
|
TOTAL EARNINGS |
1044.500 |
360.240 |
323.830 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
51.400 |
104.870 |
3238.550 |
|
|
|
Components and Spare Parts |
286.250 |
330.540 |
111.320 |
|
|
TOTAL IMPORTS |
337.650 |
435.410 |
3349.870 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
4165 |
19897 |
17869 |
|
|
|
Diluted |
3720 |
17772 |
15960 |
|
NOTE:
# Represent earning from tickets booked
through international credit cards.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.24
|
16.47 |
20.67 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.15
|
18.55 |
18.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.71
|
23.04 |
30.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
2.78 |
1.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.45
|
3.38 |
2.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72
|
1.36 |
1.84 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available
in Report (Yes / No) |
|
1] |
Year of
Establishment |
Yes |
|
2] |
Locality of
the firm |
Yes |
|
3] |
Constitutions
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 |
Yes |
|
9] |
Name of
person contacted |
No |
|
10] |
Designation
of contact person |
No |
|
11] |
Turnover of
firm for last three years |
Yes |
|
12] |
Profitability
for last three 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 |
Yes |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct of
the banking account |
---------------------- |
|
26] |
Buyer visit
details |
---------------------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
NOTE:
The register address of the company has been shifted
from 66, Janpath, New Delhi, India to the present address w.e.f. 01.10.2006
UNSECURED LOAN:
|
Particulars |
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
Term loans from banks |
0.000 |
339.300 |
|
|
|
|
|
Total |
0.000 |
339.300 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10443010 |
06/08/2013 |
2,958,500,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B82104001 |
|
2 |
10443013 |
06/08/2013 |
3,905,800,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B82105073 |
|
3 |
10435557 |
03/07/2013 |
2,910,000,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B79065629 |
|
4 |
10435559 |
03/07/2013 |
3,905,800,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B79066643 |
|
5 |
10435614 |
01/07/2013 |
2,910,000,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B79089553 |
|
6 |
10435623 |
01/07/2013 |
3,905,800,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B79094157 |
|
7 |
10434052 |
26/06/2013 |
2,981,467,412.50 |
Connolly Aviation Capital 2 Limited |
Custom House, Plaza 3, Harbourmaster
Place, IFSC, |
B78388022 |
|
8 |
10426559 |
14/05/2013 |
2,592,000,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B75431965 |
|
9 |
10426577 |
14/05/2013 |
3,574,800,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B75436055 |
|
10 |
10419314 |
10/04/2013 * |
3,574,800,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B74266107 |
|
11 |
10419318 |
10/04/2013 |
2,592,000,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B73059586 |
|
12 |
10412052 |
14/03/2013 |
2,592,000,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B70843065 |
|
13 |
10412054 |
14/03/2013 |
3,574,800,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B70843982 |
|
14 |
10406358 |
21/02/2013 |
2,592,000,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B68946805 |
|
15 |
10406359 |
21/02/2013 |
3,574,800,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B68946920 |
|
16 |
10403473 |
14/02/2013 |
2,683,474,093.75 |
Connolly Aviation Capital 1 Limited |
Custom House, Plaza 3, Harbourmaster
Place, IFSC, |
B68309251 |
|
17 |
10401786 |
01/02/2013 |
2,544,000,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B67566166 |
|
18 |
10401884 |
01/02/2013 |
3,574,800,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B67638270 |
|
19 |
10401876 |
28/01/2013 |
2,544,000,000.00 |
J.P. Morgan Europe Limited |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B67633974 |
|
20 |
10401893 |
28/01/2013 |
3,574,800,000.00 |
J.P. MORGAN EUROPE LIMITED |
25 Bank Street, Canary Wharf, London, -E145JP, UNITED KINGDOM |
B67644963 |
|
21 |
10392622 |
13/12/2012 |
2,579,795,625.00 |
HKAC Leasing (IGO No. 9) Limited |
23 Herbert Place, Dublin, - 2, IRELAND |
B64389547 |
|
22 |
10396134 |
06/12/2012 |
412,500,000.00 |
Bank of Baroda |
Corporate Financial Services (Large
Corporate) Br. |
B65573743 |
|
23 |
10387756 |
15/11/2012 |
2,526,727,500.00 |
HKAC Leasing (IGO No. 8) Limited |
23 Herbert Place, Dublin, - 2, IRELAND |
B62471222 |
|
24 |
10383900 |
23/10/2012 |
2,501,477,475.75 |
Pembroke Aircraft Leasing 3 Limited |
33/41 Lower Mount Street, Dublin, - 2,
IRELAND |
B61079679 |
|
25 |
10383353 |
05/10/2012 |
2,403,597,386.03 |
Pembroke Aircraft Leasing 3 Limited |
33/41 Lower Mount Street, Dublin, - 2,
IRELAND |
B60846557 |
|
26 |
10379893 |
26/09/2012 |
2,467,839,000.00 |
HKAC Leasing (IGO No. 7) Limited |
23 Herbert Place, Dublin, - 2, IRELAND |
B59443440 |
|
27 |
10385797 |
20/09/2012 |
2,309,025,000.00 |
Pembroke Aircraft Leasing 4 Limited |
33/41 Lower Mount Street, Dublin, - 2,
IRELAND |
B61848685 |
|
28 |
10385794 |
18/09/2012 |
2,305,625,000.00 |
Pembroke Aircraft Leasing 4 Limited |
33/41 Lower Mount Street, Dublin, - 2,
IRELAND |
B61848206 |
|
29 |
10373199 |
03/08/2012 |
420,000,000.00 |
Bank of Baroda |
Corporate Financial Services (Large
Corporate) Br. |
B56661697 |
|
30 |
10373524 |
02/08/2012 |
5,551,000,000.00 |
UT Finance Corporation |
Office Building G, 400 Main Street,, Mail
Stop 13 |
B56816671 |
|
31 |
10358450 |
25/05/2012 |
2,594,400,000.00 |
AWAS 5155 Ireland Limited |
Block B, Riverside IV, Sir John Rogerson's
Quay, |
B40734717 |
|
32 |
10356610 |
27/04/2012 |
405,000,000.00 |
Bank of Baroda |
Corporate Financial Services (Large
Corporate) Br. |
B39946793 |
|
33 |
10350432 |
04/04/2012 |
2,358,990,975.00 |
Avolon Aerospace AOE 33 Limited |
PO BOX 309, UGLAND HOUSE, GRAND CAYMAN, -
1104, |
B37795861 |
|
34 |
10351346 |
29/03/2012 |
1,000,000,000.00 |
Bank of Baroda |
Corporate Financial Services (Large
Corporate) Br. |
B38062998 |
|
35 |
10350428 |
26/03/2012 |
2,367,201,975.00 |
Avolon Aerospace AOE 32 Limited |
PO BOX 309, UGLAND HOUSE, GRAND CAYMAN, -
1104, |
B37795382 |
|
36 |
10343271 |
09/02/2012 |
1,200,000,000.00 |
Oriental Bank of Commerce |
Harsha Bhawan, E- Block, Connaught Place,
New Del |
B35493121 |
|
37 |
10295984 |
30/06/2011 |
2,002,500,000.00 |
HKAC Leasing (IGO No. 6) Limited |
AIB International Centre, IFSC, Dublin, - 1,
IRE |
B16475121 |
|
38 |
10296025 |
30/06/2011 |
2,002,500,000.00 |
HKAC Leasing (IGO No. 6) Limited |
AIB International Centre, IFSC, Dublin, -
1, IRE |
B16491573 |
|
39 |
10283709 |
30/03/2011 |
1,989,000,000.00 |
HKAC Leasing (IGO No.6) Limited |
AIB International Centre, IFSC, Dublin, -
1, IRE |
B11962875 |
|
40 |
10228944 |
21/06/2010 |
1,961,800,000.00 |
AETHER AIRCRAFT 1 LIMITED |
BLOCK 1,BOOTERS TOWN HALL, BOOTERSTOWN
AVENUE,, D |
A89182620 |
|
41 |
10124289 |
23/09/2008 |
2,263,494,048.00 |
Allaviation Leasing(IGO NO. 5) LIMITED |
AIB International Centre,IFSC,DUBLIN 1,
IRELAND, |
A47491519 |
|
42 |
10116629 |
21/07/2008 |
1,998,734,401.37 |
ALLCO LEASING (IGO. NO. 2) LIMITED |
AIB INTERNATIONAL CENTRE, IFSC, DUBLIN 1,
IRELAND |
A43114578 |
|
43 |
10110035 |
27/05/2008 |
2,012,784,463.00 |
ALLCO LEASING (IGO. NO. 2 LIMITED) |
AIB INTERNATIONAL CENTRE, IFSC, DUBLIN 1,
IRELAND |
A41114323 |
|
44 |
10096821 |
03/04/2008 |
1,867,751,240.00 |
ALLAVIATION LEASING (IGO. NO. 4 LIMITED) |
AIB INTERNATIONAL CENTRE, IFSC, DUBLIN 1,
IRELAND |
A36029734 |
|
45 |
10096820 |
27/03/2008 |
1,863,156,200.00 |
Allaviation Leasing (IGO No. 3) Limited |
AIB International Centre,IFSC,Dublin 1,
Ireland, |
A36029643 |
|
46 |
10091034 |
25/02/2008 |
1,846,027,115.00 |
ALLCO LEASING (IGO NO. 2) LIMITED |
AIB INTERNATIONAL CENTRE, IFSC, DUBLIN 1,
IRELAND |
A33873001 |
|
47 |
10085498 |
09/01/2008 |
1,821,091,500.00 |
ALLCO LEASING (IGO NO.1) LIMITED |
AIB INTERNATIONAL CENTRE, IFSC, DUBLIN 1,
IRELAND |
A31502578 |
|
48 |
10088984 |
16/07/2010 * |
1,125,000,000.00 |
UNION BANK OF INDIA |
D43 SOUTH EXTENSION PART I, NEW DELHI, NEW
DELHI, |
A90788308 |
|
49 |
10045000 |
05/03/2007 |
87,621,019.00 |
WELLS FARGO BANK NORTHWEST NATIONAL
ASSOCIATION AS |
299 SOUTH MAIN STREET 12TH FLOOR, MAC:
U1228 - 12 |
A12856670 |
|
50 |
10039863 |
18/01/2007 |
87,621,019.00 |
McR AVIATION LIMITED |
CUSTOM HOUSE PLAZA, BLOCK 6, IFSC, DUBLIN
1, IREL |
A11722279 |
|
51 |
10039947 |
18/01/2007 |
87,621,019.00 |
McR AVIATION LIMITED |
CUSTOM HOUSE PLAZA, BLOCK 6, IFSC, DUBLIN
1, IREL |
A11734712 |
|
52 |
10019828 |
23/07/2007 * |
1,573,300,000.00 |
Bank of Maharashtra |
1295, Sushant Lok, Gurgaon, Gurgaon,
Haryana - 122 |
A20513206 |
* Date of charge modification
PRESS RELEASE:
PRATT & WHITNEY AND INDIGO FINALIZE AGREEMENT FOR 300 PUREPOWER PW1100G-JM ENGINES
07/09/2012 -InterGlobe Aviation
Farnborough, UK,: Pratt and Whitney and IndiGo signed a definitive agreement for PurePower PW1100G-JM engines for 150 Airbus A320neo family aircraft. The agreement includes 300 firm PurePower PW1100G-JM engines with additional options and a long-term PureSolutionSM maintenance agreement. Deliveries are scheduled to begin in 2015. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).
Speaking on the occasion , Mr Aditya Ghosh, President, IndiGo, said, With oil prices on the rise, we are more satisfied than ever with our selection of the Pratt & Whitney PurePower engine. As a result of the lower engine operating cost, we are confident that we can maintain our competitive low fares while simultaneously offering our customers the most environmentally friendly way to fly.
As part of this agreement, each IndiGo Airbus A320neo family aircraft will be powered by two PurePower PW1100G-JM engines with benefits including double-digit reductions in fuel burn, environmental emissions, engine noise and operating costs when compared with todays engines.
This IndiGo order represents one of the largest engine orders in Pratt & Whitneys long history," said Todd Kallman, president, Commercial Engines & Global Services for Pratt & Whitney. We are excited by the opportunity to power IndiGos A320neo fleet and fly its customers with the dependable Pratt & Whitney PurePower engines.
Pratt & Whitney has more than 2,500 PurePower engines on order, including options. The PurePower engine uses an advanced gear system allowing the engines fan to operate at a different speed than the low-pressure compressor and turbine. The combination of the gear system and an all-new advanced core delivers double-digit improvements in fuel efficiency and environmental emissions as well as a 50 percent reduction in noise.
IndiGo is Indias largest low-cost carrier, as well as the fastest growing carrier. It operates domestic services linking 32 destinations. Its main base is Delhis Indira Gandhi International Airport. Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries.
Please visit www.utcaero.com for news from Pratt & Whitney and United Technologies at the Farnborough Air Show 2012.
INDIGO FIRST AIRLINE IN INDIA TO IMPLEMENT REQUIRED
NAVIGATION PERFORMANCE APPROACHES; MAKES KOCHI AIRPORT GREENER AND SAFER!
22/06/2012
-Interglobe Aviation
National: In yet another milestone, IndiGo, the country's innovative carrier conducted the first ever Required Navigation Performance (RNP) approach in regular airline operations today, while landing at Kochi on their scheduled flight, 6E 345 from Bengaluru. IndiGo has collaborated with Quovadis, a subsidiary of Airbus, the Airports Authority of India (AAI), and the Directorate General of Civil Aviation (DGCA) to enable an even more secure and safe landing procedure at the Kochi International Airport. IndiGo becomes the first carrier in India authorized to implement this effective, fuel-saving practice. The Kochi International Airport is Indias seventh busiest airport, and equipped with one ILS (Instrument Landing System) on runway 27 and a VOR (both ground based installations) that are used for guidance for landing procedures on both ends of the runway.
IndiGo has been working with Airbus and the government to develop and implement the RNP procedure, which brings great benefits to both the authorities and IndiGo:
Accurate flight path on contained and secure
trajectories
A shorter flight path, saving 75 KM for IndiGo on each approach, which is approximately 400 kgs of fuel saving per landing, and a corresponding amount of reduction of greenhouse gas emissions
Freedom from dependence on conventional ground based navigation installations by using on board systems and Global Positioning System (satellite based positioning)
Easier traffic management in non-radar environments
The entire process that has been successfully validated on Airbus simulators and in the aircraft, has now been flown successfully in regular commercial operations by IndiGo on its Airbus A320 on June 23, 2012. Elaborating on this - another first undertaken by the countrys best on-time performer -
Aditya Ghosh, President, IndiGo, said , said, We are looking forward to commercially flying RNP approaches at Kochi airport in the future. This new technology will enable tangible cost savings which in turn will have a positive impact on our overall operational efficiency. But more importantly, we are excited about partnering in this significant step towards improving Air Traffic Management in India and making it an even safer and greener environment to fly in. The development of more such approaches in India will also go a long way towards improving safety and efficiency.
IndiGo was the first airline in India to test and develop this approach in 2011 in partnership with Quovadis, an Airbus subsidiary, DGCA, and AAI. Additionally, 6E was the first to actually test fly the approach at Kochi on 8 Dec 2011. Todays flight marks the culmination of these efforts, as this approach can now be flown in regular commercial operations after IndiGos approval by DGCA, thus regularly resulting in the safety, cost and environmental benefits as enumerated above RNP approaches, which can be flown by all IndiGo aircraft, are a great way to achieve savings while promoting safety. This form of navigation has the necessary flexibility to optimize and protect trajectories from terrain and obstacles. The RNP project in Kochi has been co-financed by Airbus and the French Civil Aviation Authority. The task was led by Quo Vadis, a wholly owned Airbus subsidiary dedicated to Performance Based Navigation (PBN).
FIXED ASSETS
·
Furniture and Fixtures
·
Computer
·
Office Equipment
·
Vehicles
·
Electrical Installation
·
Software
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 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] 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.66.57 |
|
|
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.