MIRA
INFORM REPORT
|
Report Date : |
27.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
AURA WELLNESS AND HEALING SERVICES PRIVATE LIMITED |
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Formerly Known
As : |
AURA THAI SPA
SERVICES PRIVATE LIMITED |
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Registered
Office : |
601, 6th Floor, God Gift Tower, Junction of SV Road and
Hill Road, Next to Lucky Hotel, Bandra (West), Mumbai – 400 050, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
25.02.2010 |
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Com. Reg. No.: |
11-200420 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
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CIN No.: [Company Identification
No.] |
U74990MH2010PTC200420 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is into
the business of providing Spa Services. |
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No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 6000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The financial position of the company is below average due to huge
external borrowings. However, trade relations are reported as fair. Business is active.
Payment terms are 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.
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 |
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Moderate |
B1 |
|
High |
B2 |
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Very
High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
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 DECLINED
Management non-cooperative
(Tel. No.: 91-22-66711111)
LOCATIONS
|
Registered Office : |
601, 6th Floor, God Gift Tower, Junction of SV Road and
Hill Road, Next to Lucky Hotel, Bandra (West), Mumbai – 400 050, Maharashtra,
India |
|
Tel. No.: |
91-22-66711111/ 66710330/ 66710331 |
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Fax No.: |
91-22-66710332 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Malik Kashiff Khan |
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Designation : |
Director |
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Address : |
1202,
Continental Tower, Rizvi Complex, Off Carter Road Bandra (West), Mumbai – 400
050, Maharashtra, India |
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Date of Birth/Age : |
06.07.1975 |
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Date of Appointment : |
25.02.2010 |
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DIN No.: |
01515282 |
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Other Directorship:
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Name : |
Sardar Hashim Mohammed Kasim Khan |
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Designation : |
Director |
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Address : |
1202,
Continental Tower, Rizvi Complex, Off Carter Road Bandra (West), Mumbai – 400
050, Maharashtra, India |
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Date of Birth/Age : |
03.08.1938 |
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Date of Appointment : |
10.05.2012 |
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DIN No.: |
05296594 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Malik Kashiff Khan |
|
5000 |
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Malik Wasiff Khan |
|
5000 |
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Total
|
|
10000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is into
the business of providing Spa Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management |
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Bankers : |
Not Available |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deepak Bhavanji Sangoi Chartered Accountant |
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Address : |
C/4, Building No.3, Nutan Kalpana Society, S.N. Road, Mulund (West),
Mumbai – 400 080, Maharashtra, India |
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PAN No: |
AXIPS6520N |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each
|
Rs.0.100 million |
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|
|
|
|
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 |
|
|
|
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(a) Share Capital |
|
0.100 |
0.100 |
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(b) Reserves & Surplus |
|
1.286 |
0.185 |
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(c) Money received against share warrants |
|
0.000 |
0.000 |
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(2) Share Application money pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
1.386 |
0.285 |
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(3) Non-Current
Liabilities |
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|
|
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(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.058 |
0.029 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.058 |
0.029 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
24.832 |
9.574 |
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(b)
Trade payables |
|
2.161 |
0.974 |
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(c)
Other current liabilities |
|
0.442 |
0.078 |
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(d) Short-term
provisions |
|
2.709 |
1.113 |
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Total Current Liabilities
(4) |
|
30.144 |
11.739 |
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|
|
|
|
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TOTAL |
|
31.588 |
12.053 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i)
Tangible assets |
|
1.209 |
0.799 |
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(ii)
Intangible Assets |
|
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
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(iv)
Intangible assets under development |
|
0.000 |
0.000 |
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(b) Non-current Investments |
|
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
|
5.633 |
0.500 |
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(e) Other
Non-current assets |
|
0.000 |
0.000 |
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Total Non-Current
Assets |
|
6.842 |
1.299 |
|
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|
|
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(2) Current assets |
|
|
|
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(a) Current
investments |
|
5.393 |
5.510 |
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(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
0.000 |
0.000 |
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(d) Cash
and cash equivalents |
|
0.761 |
0.274 |
|
(e)
Short-term loans and advances |
|
18.592 |
4.970 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
24.746 |
10.754 |
|
|
|
|
|
|
TOTAL |
|
31.588 |
12.053 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
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|
|
SALES |
|
|
|
|
|
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Revenue from Operations |
|
26.845 |
7.342 |
|
|
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Other Income |
|
0.202 |
0.000 |
|
|
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TOTAL |
|
27.047 |
7.342 |
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|
|
|
|
|
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Less |
EXPENSES |
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|
|
|
|
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|
Spa Expenses |
|
|
0.076 |
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|
Bank Charges (C.C) |
|
|
0.066 |
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Brokerage |
|
|
0.105 |
|
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Cancellation Charges |
|
|
0.034 |
|
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Conveyance Expenses |
|
|
0.104 |
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|
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Computer Expenses |
|
|
0.019 |
|
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Consultancy Charges |
|
|
0.404 |
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|
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Electricity Expenses |
|
|
0.150 |
|
|
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Printing & Stationery |
|
|
0.099 |
|
|
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Staff Salary |
|
|
2.255 |
|
|
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Telephone Expenses |
|
|
0.213 |
|
|
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Freight Charges |
|
|
0.037 |
|
|
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Advertisement Expenses |
|
|
0.398 |
|
|
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Web Designing Charges |
|
|
0.025 |
|
|
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Hotel Expenses |
|
|
0.015 |
|
|
|
Designing Charges |
|
|
0.056 |
|
|
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Exhibition Charges |
|
|
0.174 |
|
|
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Incentives |
|
|
0.001 |
|
|
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Internet Charges |
|
|
0.005 |
|
|
|
Registration Expenses |
|
|
0.065 |
|
|
|
Rent |
|
|
0.926 |
|
|
|
Petrol Charges |
|
|
0.018 |
|
|
|
Repairs & Maintenance |
|
|
0.057 |
|
|
|
Travelling Expenses |
|
|
1.259 |
|
|
|
Security Charges |
|
|
0.024 |
|
|
|
Staff Welfare |
|
|
0.081 |
|
|
|
Sundry Expenses |
|
|
0.107 |
|
|
|
Audit Fees |
|
|
0.025 |
|
|
|
Labour Contract Charges |
|
|
0.245 |
|
|
|
Pest Control Expenses |
|
|
0.007 |
|
|
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TOTAL |
|
NA |
7.050 |
|
|
|
|
|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
NA |
0.292 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
NA |
0.078 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
NA |
0.214 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
NA |
0.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
NA |
0.185 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
NA |
18.50 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
NA |
2.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
NA |
2.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
NA |
1.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
NA |
0.75 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
17.92 |
33.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.82 |
0.92 |
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) 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 |
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 one year |
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 (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
No |
|
24) Banking facility details |
No |
|
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 |
|
Unsecured Loan |
As
on 31.03.2012 (Rs.
in Millions) |
As
on 31.03.2011 (Rs.
in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans Repayable on Demand |
15.443 |
8.974 |
|
From Other Parties |
9.389 |
0.600 |
|
Other Loans and Advances |
0.000 |
0.000 |
|
Total
|
24.832 |
9.574 |
Note:
The registered office of the company has been shifted from A-211, Rizvi Chambers, Hill Road, Bandra (West), Mumbai – 400 050, Maharashtra to the present address w.e.f. 05.02.2011.
FIXED ASSETS:
·
Machinery
·
Computer
·
Furniture
WEBSITE DETAILS:
PROFILE:
Over the few years since their formation, they have pioneered and perfected a unique concept of providing their guests with utmost individual attention, and a highly pampering spa experience that focuses on absolute mind, body and soul rejuvenation.
Their spas have all the necessary components, including the ambience and feel,
to offer the most authentic and effective spa treatments. Their team comprises
of a well-qualified team of therapists, trained and certified by the Thai
Ministry of Health and Education.
Subject is a leading provider of the world-renowned Spa and wellness services.
After earning the trust of a large number of customers in the United Arab
Emirates (UAE) and Thailand, they are all set to become the most sought-after
spa treatment specialist in India. They have already made an exciting beginning
by launching 16 spas in Mumbai, starting with the one in Bandra, Pali Hill.
They are all set to open a massive network of 300 spas India by 2015 and plan
to launch 50 outlets within this year and are targeting the various metro
cities in the country. In Delhi, they can be spotted at Greater Kailash, Green
Park, Khan Market, Punjabi Baug, Preet Vihar, Rajouri Garden and Vasant Vihar.
They also have spas coming up in Goa, Pune, Varanasi, Hyderabad, Bangalore,
Ludhiana, Amritsar, Lucknow, Kanpur, Allahbad, Bilai, Bilaspur, Jalandhar and
Chandigarh.
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 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.58.91 |
|
|
1 |
Rs.90.68 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.