|
Report Date : |
01.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TOURISM CORPORATION OF GUJARAT LIMITED |
|
|
|
|
Registered
Office : |
Block No.-17, 4th Floor, Udyog Bhavan, Sector-11, Gandhinagar –
382011, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.06.1975 |
|
|
|
|
Com. Reg. No.: |
04-002722 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.199.991 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63040GJ1975SGC002722 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT7252J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Tourism Development Service Industries. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 8500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a government of Gujarat undertaking corporation established
for promotion and development of tourism sector. It is a well established company having good track record. The latest
financials are not made available. As per previous year’s record financial
position seems to be good. The company gets good financial support from government. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for normal 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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 BY
|
Name : |
Mr. Mukund Joshi |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-79-23222496 |
|
Date : |
27.02.2013 |
LOCATIONS
|
Registered Office/ Head Office : |
Block No.-17, 4th Floor, Udyog Bhavan, Sector-11, Gandhinagar –
382011, Gujarat, India |
|
Tel. No.: |
91-79-23220002/ 23222523/ 2322645 |
|
Fax No.: |
91-79-23238908 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at: · Ahmedabad · Chennai · Mumbai · New Delhi · Jaipur · Kolkatta · Vadodara · Surat · Rajkot · Bhuj · Porbandar · Gandhinagar ·
Nadiyad |
DIRECTORS
As on: 31.12.2011
|
Name : |
Mr. Kamleshkumar Govindlal Patel |
|
Designation : |
Chairman |
|
Address : |
6, Prankunj Society, Kankaria Road, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
29.10.1954 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
27.04.2006 |
|
DIN No.: |
02737232 |
|
|
|
|
Name : |
Mr. Subhash Ishvarbhai Patel |
|
Designation : |
Director |
|
Address : |
Ashray, Plot No.86, Sector- 19, Gandhinagar, Gujarat, India |
|
Date of Appointment : |
15.12.2006 |
|
DIN No.: |
01675629 |
|
|
|
|
Name : |
Mr. Mayankkumar Jashubhai Patel |
|
Designation : |
Director |
|
Address : |
C/3, Jalalram Plaza, Jawahar Chowk, Maninagar, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
26.05.1958 |
|
Qualification : |
M.A. (History) |
|
Date of Appointment : |
02.03.2009 |
|
DIN No.: |
03560876 |
|
|
|
|
Name : |
Mr. Mandhatasinhji Manoharsinhji Jadeja |
|
Designation : |
Director |
|
Address : |
Ranjeet Villa Palace, Palace Road, Rajkot – 360001, Gujarat, India |
|
Date of Appointment : |
24.02.2011 |
|
DIN No.: |
00739460 |
|
|
|
|
Name : |
Mr. Sanjay Mool Chand Kaul |
|
Designation : |
Managing Director |
|
Address : |
5C, Royal Palm Apartment, Vazhuthacaud Junction, Thiruvananthapuram -695014, Kerala, India |
|
Date of Birth/Age : |
15.08.1969 |
|
Qualification : |
IAS |
|
Date of Appointment : |
08.02.2011 |
|
DIN No.: |
01260911 |
|
|
|
|
Name : |
Mr. Keshavlal Shivdas Patel |
|
Designation : |
Director |
|
Address : |
At-Amargadh, Po- Nirona, Taluka-Nakhatrana, District-Kutch, Nakhatrana – 370615, Gujarat, India |
|
Date of Appointment : |
24.02.2011 |
|
DIN No.: |
03560864 |
|
|
|
|
Name : |
Mr. Dinesh Devasibhai Dasa |
|
Designation : |
Director |
|
Address : |
A/27, Vrundavan, Society, Gandevi Road, Jamalpor, Navasari – 396445, Gujarat, India |
|
Date of Appointment : |
24.02.2011 |
|
DIN No.: |
03560890 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar |
|
Designation : |
Director |
|
Address : |
Collector’s bunglow, KH253, Sector 19, Gandhinagar – 382019, Gujarat, India |
|
Date of Appointment : |
03.10.2011 |
|
DIN No.: |
03600655 |
KEY EXECUTIVES
|
Name : |
Mr. Mukund S. Joshi |
|
Designation : |
Secretary |
|
Date of Appointment : |
06.12.1995 |
|
PAN No.: |
AARPJ9862G |
|
|
|
|
Name : |
Mr. K. Biswas |
|
Designation : |
Manager (Marketing and Investment) |
|
|
|
|
Name : |
Mrs. Khyati Nayak |
|
Designation : |
Manager (P.R.O) |
|
|
|
|
Name : |
Mr. Ajit Joshi |
|
Designation : |
Manager (Project) |
|
|
|
|
Name : |
Mr. Nirav Munshi |
|
Designation : |
Manager (Hotels, Tours and Travels) |
|
|
|
|
Name : |
Ms. Vidhi Sutaria |
|
Designation : |
Dy. Manager (Events) |
|
|
|
|
Name : |
Mr. Hemant Pradhan |
|
Designation : |
Sr. Tourist Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.12.2011
|
Names of Shareholders |
|
No. of Shares |
|
H.E. the Governor of Gujarat, India |
|
1999901 |
|
M.A. Bhatt |
|
1 |
|
M.J. Patel |
|
1 |
|
B.L. Baria |
|
1 |
|
D.K. Rathod |
|
1 |
|
H.S. Patel |
|
1 |
|
D.K. Patel |
|
1 |
|
B.V. Dantani |
|
1 |
|
|
|
|
|
Total |
|
1999908 |
Equity Share Break up (Percentage of Total Equity)
As on: 31.12.2011
|
Category |
|
Percentage |
|
Government [Central and State] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Tourism Development Service Industries. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|
|
|
|
Bankers : |
Syndicate Bank State Bank of India Dena Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Saremal and Company Chartered Accountants |
|
Address : |
4, 1st Floor, Prarthana Flat, Opposite Sardar Patel Seva Samaj Hall, Off. C. G. Road, Navrangpura, Ahmedahad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26440056 |
|
Fax No.: |
91-79-26464413 |
|
E-Mail : |
|
|
PAN No.: |
AAKFS8981N |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.100/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1999908 |
Equity Shares |
Rs.100/- each |
Rs.199.991
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 |
199.991 |
199.991 |
199.991 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1941.730 |
1317.701 |
1.168 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(21.971) |
|
|
NETWORTH |
2141.721 |
1517.692 |
179.188 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
75.026 |
75.026 |
75.026 |
|
|
TOTAL BORROWING |
75.026 |
75.026 |
75.026 |
|
|
DEFERRED GOVT. GRANTS |
0.000 |
0.000 |
1390.376 |
|
|
|
|
|
|
|
|
TOTAL |
2216.747 |
1592.718 |
1644.590 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
165.037 |
164.859 |
152.324 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1439.316 |
920.141 |
846.885 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
5.046
|
11.514 |
69.163 |
|
|
Cash & Bank Balances |
746.941
|
575.883 |
662.739 |
|
|
Other Current Assets |
0.000
|
15.000 |
15.000 |
|
|
Loans & Advances |
115.636
|
88.150 |
52.170 |
|
Total
Current Assets |
867.623
|
690.547 |
799.072 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
42.544
|
38.822 |
54.053 |
|
|
Other Current Liabilities |
61.416
|
37.754 |
20.971 |
|
|
Provisions |
151.269
|
106.253 |
78.667 |
|
Total
Current Liabilities |
255.229
|
182.829 |
153.691 |
|
|
Net Current Assets |
612.394
|
507.718 |
645.381 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2216.747 |
1592.718 |
1644.590 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
73.803 |
54.922 |
58.360 |
|
|
|
Other Income |
281.030 |
217.503 |
137.774 |
|
|
|
TOTAL (A) |
354.833 |
272.425 |
196.134 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee related expenses |
118.680 |
120.328 |
101.479 |
|
|
|
Administrative selling other expenses |
51.544 |
92.160 |
34.736 |
|
|
|
Prior period items |
0.000 |
0.312 |
0.000 |
|
|
|
TOTAL (B) |
170.224 |
212.800 |
136.215 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
184.609 |
59.625 |
59.919 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
184.609 |
59.625 |
59.919 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.142 |
8.882 |
7.716 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
175.467 |
50.743 |
52.203 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
45.056 |
25.028 |
16.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
130.411 |
25.715 |
36.156 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.186 |
(21.971) |
(58.127) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
131.607 |
1.186 |
(21.971) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
65.21 |
11.58 |
18.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
36.75 |
9.44 |
18.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
237.75 |
92.39 |
89.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.99 |
5.93 |
5.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.03 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.04 |
0.05 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.40 |
3.78 |
5.20 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Creditors due small micro enterprises |
0.000
|
0.000
|
0.000
|
|
Creditors due others |
42.544
|
38.822 |
54.053 |
|
|
|
|
|
|
Total |
42.544
|
38.822 |
54.053 |
|
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
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 |
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 |
No |
|
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
(Rs.
In Millions)
|
Particular |
As on 31.03.2011 |
As on 31.03.2010 |
|
Working capital loans banks unsecured |
0.415 |
0.415 |
|
Interest accrued due other debt unsecured |
74.611 |
74.611 |
|
|
|
|
|
Total |
75.026 |
75.026 |
Note:
Registered Office of the company has been shifted from Nagar-16, Gujarat - 382016, India to the present
address w.e.f. 29.06.2006
AWARDS:
The Corporation has won the following awards during the year:
· Web Ratna Award 2010 form Ministry of Communication and IT for outstanding web content in April 2010.
· Received Best Upcoming Tourism Dept., August 2010.
· Received Best Today Travelers September 2010.
FIXED ASSETS
· Land
· Building
· Furniture and Fixtures
· Vehicles
AS PER WEBSITE DETAILS
Press Release
GOVT PLANS 200CR JV
FOR NEW HOTELS
February 5, 2013
GANDHINAGAR: State government has decided
to build several new hotels across Gujarat through a new Special Purpose
Vehicle (SPV) - Gujarat Tour Development Company (GTDC) and private hotel
developers. Both GTDC and the private players will have 50 per cent stake in
the initiative aimed at boosting the fast growing tourism sector after a
successful advertisement campaign featuring super star Amitabh Bachchan.
The government has cleared a proposal for the
new SPV and also approved Rs.1000.000 Millions seed money for the said
initiative. Vipul Mittra, principal secretary, tourism department said,
"To meet the heavy response to our tourism ad campaign, we felt the need
of developing new hotels and other facilities like resorts and theme parks at
major tourist places. We have felt that despite huge flow of tourists,
investors are still skeptical in starting facilities at places like Dwarka,
Saputara etc.''
He
disclosed that the new SPV will be a joint venture with a private player in
which the tourism secretary will be the chairman while a representative of the
private partner will be the CEO. "The state government will fund
Rs.1000.000 Millions as seed money while an equal amount will be invested by
the private investor. Gradually, the state government will increase its
funding," added Mittra.
Two years back, Tourism Corporation of Gujarat
Limited and Infrastructure Leasing and Finance Services Limited had formed a
joint venture company Gujarat Tourism Opportunity Limited (GUJTOP) to augment
the tourism industry in the state. GUJTOP acts as a felicitation agency for new
tourism projects initiated by private players.
GUJARAT ALLOCATES RS.4000.000 MILLIONS TO PROMOTE TOURISM
Kolkata, July 15:
Gujarat has allocated Rs.4000.000 Millions for
tourism promotion in the State during the current fiscal. The amount includes
Rs1200.000 Millions as grant which has been approved by the Planning Commission
for 2012-13.
According to Mr. Sanjay Kaul, Commissioner and
Managing Director, Tourism Corporation of Gujarat Limited, the funds would be
utilised for developmental activities and to improve infrastructure in several
key tourist locations.
“Over the last 3-4 years the State Government
has laid stress on the services sector including tourism and IT. We roped in
actor Amitabh Bachchan as the brand ambassador to grow the tourism sector. This
has yielded results and we have been witnessing steady rise in the number of
tourist arrivals in the State,” Mr Kaul told newspersons at a road show
organised to promote tourism in Gujarat on Saturday.
Gujarat witnessed 16 per cent growth in
tourist arrivals in 2011-12 to 2.23 Millions. The Tourism Corporation expects
25 per cent growth in tourist arrivals this year. Tourists from Bengal account
for about eight per cent of the total number of tourists into Gujarat.
“Our Buddhist Circuit, which includes places
like Junagadh and Siyot (Bhuj) have not been publicised too well till so far.
We are now going to South East Asian countries to attract tourists from these
countries,” he said.
This apart, Gujarat will also work on
developing coastal tourism. “The Planning Commission has approved Rs 12000.000
Millions to promote coastal tourism in Gujarat. This fund will be utilised to
develop 14 coastal districts in the State over the next five years,” he said.
GUJARAT TOURISM INKS MARKETING PACT WITH COX AND KINGS
New Delhi, June 8:
Gujarat Tourism on Friday said it has entered
into a marketing tie-up with travel services provider Cox and Kings to promote
the state in India.
The tie-up is for a period of one year and Cox
and Kings will be the official marketing partner for Gujarat Tourism, Tourism
Corporation of Gujarat Limited (TCGL) said in a statement.
“As our marketing partner we believe that they
(Cox and Kings) have the expertise and reach to promote Gujarat as a
destination in the Indian domestic market,” said Mr. Sanjay Kaul, Managing
Director, TCGL.
Under the tie-up, Cox and Kings will create
market and operate these tour packages for various destinations and circuits in
Gujarat for one year.
The packages will be made available through
its network of offices, franchisees and other consumer touch points, it said,
adding the company has also been mandated for promoting the state via media and
provide consumers the facility to book online on its website.
Commenting on the tie-up, Cox and Kings Vice
President, (Bharat Deko), Mr. Yusuf Poonawala said: “We promote different
destinations in India and have the expertise to project the untapped tourism
potential of Gujarat.
Gujarat has been promoting itself as a tourist
destination in the past few years and has even roped in Bollywood superstar
Amitabh Bachchan as its brand ambassador.
GUJARAT PUSHES THE PEDAL ON TOURISM
Two Millions travellers were expected to experience
Gujarat Tourism this financial year, a growth of 15 per cent over the previous
twelve months. The Commissioner of Tourism and Managing Director, Tourism
Corporation of Gujarat Limited, Mr. Sanjay Kaul, IAS, explains that the state
is on course to achieve this targeted number.
Data available from April 2011 to January 2012
shows a tourist count of 18183801. Of these, foreigners and NRIs constituted
close to 3.5 lakh tourists, but that number too has grown by almost 18 per
cent. Overall growth has been helped greatly by Gujarat Tourism's ongoing
promotional campaign in India and abroad, explains Mr. Kaul, in an e-mail
interview with Business Line.
GUJARAT PLANS SINGLE-WINDOW FACILITATION AUTHORITY FOR FILM TOURISM
Saturday, January 26, 2013
The Gujarat government is mulling a
single-window facilitation authority, which will put investments for setting up
film studios on the fast track, as per a TOI report. The Gujarat Tourism
Department has recently started a separate single window clearance desk to
assist filmmakers scout locations and extend logistic support. The Tourism
Corporation of Gujarat Limited will also offer accommodation for film crew at
discounted tariffs in state-owned hotels.
Vipul Mittra, Secretary Tourism, Civil
Aviation and Pilgrimage, Government of Gujarat, said, "We have just
started a single window desk to help filmmakers shoot in state. Usually,
getting clearances from local authorities is a cumbersome process. This is a
one-stop solution." The state government is also encouraging filmmakers to
set up film cities and studios.
The Tourism Department recently held two
orientation programmes for filmmakers in Mumbai. "Recently, we assisted in
the shooting of 'Matru Ki Bijlee Ka Mandola'," said Mittra.
THE OTHER 'BIG B' OF GUJARAT TOURISM
February 18, 2013
AHMEDABAD: The 'Big B' push for Gujarat
tourism does not refer only to Amitabh Bachchan, the state's magnet to attract
travellers. It also refers to 'big budget' ad spends, tripping even
neighbouring Madhya Pradesh - the other big-spender in tourism.
Since 2009, an aggressive Gujarat has seen a
fivefold increase in its budget for tourism promotion. The state had allocated
just Rs.100.000 Millions for promotional activities before the 'Khushboo
Gujarat Ki' campaign kicked off in October 2010. The tourism department is
hoping to spend around Rs.550.000 Millions by March 2013. Last year, the state
government had set aside just Rs.25.000 Millions in the budget just for
promotion.
The Gir
sanctuary has benefited from the splurge, seeing a 30% jump in tourists in two
years. The Rannotsav festival in Kutch and the pilgrim sites of Somnath and
Dwarka too have become major draws. "We have been advertising widely not
only on television and radio but also in on-flight magazines of prominent
international airlines. In the last two years, there has been a flow of nearly
54 lakh tourists to Gujarat, which is an achievement," said principal
secretary, tourism, Vipul Mitra.
In stark contract, the Madhya Pradesh State
Tourism Development Corporation (MPSTDC) has increased its budget by just
Rs.70.000 Millions in the promotional activities this year. "We have been
allocated Rs.250.000 Millions for advertisements and promotional activities for
the existing year. Last year it was around Rs.180.000 Millions," said the
corporation's chief general manager (operations and marketing), Om Vijay
Choudhary. There are no separate funds for television promos and social
networking sites. Tourism Corporation of Gujarat Limited (TGCL) officials say
they are spending the maximum within the country. The corporation will also
organize road shows across the country and take part in trade fairs.
GUJARAT TOURISM GETS INDIA PRIDE AWARD 2013 FOR 'KHUSHBOO GUJARAT KI'
CAMPAIGN
January 22, 2013
AHMEDABAD: Tourism Corporation of Gujarat
Limited (TCGL) will be awarded the India Pride Award 2013 as a state PSU under
the category 'India Image Enhancement/Creating a Global Brand'. Its 'Khusboo
Gujarat Ki' campaign featuring Bollywood actor Amitabh Bachchan depicted places
like Gir, Somnath, Mandvi, Sabarmati Ashram amongst others.
""TCGL has adopted multi-pronged
strategy to promote some of the world class tourist destinations in the state.
It has also organized road-shows in cities like Mumbai and Kolkata; hosted
festivals like Saputara Monsoon festival, Rannotsav, Kite Festivals etc. As a
result of this campaign, the number of tourists coming to Gujarat has risen by
54% in two years,"" said a statement from TCGL.
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.53.77 |
|
|
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.