MIRA INFORM REPORT
|
Report Date : |
29.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRAVEL DESIGNER INDIA PRIVATE LIMITED |
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Registered
Office : |
405, 3rd Eye |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
20.10.2004 |
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Com. Reg. No.: |
04-044927 |
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Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
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CIN No.: [Company Identification
No.] |
U63040GJ2004PTC044927 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMT01913C |
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PAN No.: [Permanent Account No.] |
AACCT1252C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Travelling and Tour Services. |
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No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 48000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported as fair. Payments are reported as usually
correct and as per commitments. Business is active. The company can be considered normal for business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 PARTED BY
|
Name : |
Mr. Rajiv |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-79-40236000 |
|
Date : |
27.05.2013 |
LOCATIONS
|
Registered/ Corporate Office : |
405, 3rd Eye |
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Tel. No.: |
91-79-40236000 / 26307060 |
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Fax No.: |
91-79-40236060 / 26302768 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq. ft. |
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Location : |
Owned |
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Branch Office : |
Located at: ·
Mumbai – Goregaon ·
·
·
Ahmedabad ·
·
Chennai ·
·
Kolkata ·
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Overseas Office
: |
Located at : ·
·
·
·
·
UAE ·
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DIRECTORS
As on : 29.09.2012
|
Name : |
Mr. Tushar A. Jain |
|
Designation : |
Director |
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Address : |
C-9/94, Sector – 8, Rohini, |
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Date of Birth/Age : |
24.07.1981 |
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Qualifications : |
Graduate |
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Date of Appointment : |
01.03.2009 |
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DIN No.: |
00013740 |
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Name : |
Mr. Kalpesh Chandulal Shah |
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Designation : |
Managing Director |
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Address : |
Bungalows No. 7, Bopal 444, Next to Sun City, 200 Ft Sardar Patel, Ring Road, Bopal,
Ahmedabad – 380058, Gujarat, India |
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Date of Birth/Age : |
07.06.1955 |
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Qualification : |
B.Com |
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Date of Appointment : |
20.10.2004 |
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DIN No.: |
00206113 |
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Name : |
Mr. Jaal Kalpesh Shah |
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Designation : |
Managing Director |
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Address : |
Bungalows No. 7, Bopal 444, Next to Sun City, 200 Ft Sardar Patel,
Ring Road, Bopal, Ahmedabad – 380058, Gujarat, India |
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Date of Birth/Age : |
19.07.1981 |
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Qualification : |
B.Com |
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Date of Appointment : |
20.10.2004 |
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DIN No.: |
00210866 |
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Name : |
Ms. Parul Kalpesh Shah |
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Designation : |
Director |
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Address : |
Bungalows No. 7, Bopal 444, Next to Sun City, 200 Ft Sardar Patel,
Ring Road, Bopal, Ahmedabad – 380058, Gujarat, India |
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Date of Birth/Age : |
21.07.1961 |
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Qualification : |
B.Com |
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Date of Appointment : |
01.11.2006 |
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DIN No.: |
00949398 |
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Name : |
Ms. Shailee Jaal Shah |
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Designation : |
Director |
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Address : |
Bungalows No. 7, Bopal 444, Next to Sun City, 200 Ft Sardar Patel,
Ring Road, Bopal, Ahmedabad – 380058, Gujarat, India |
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Date of Birth/Age : |
19.07.1981 |
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Qualification : |
B.Com |
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Date of Appointment : |
23.11.2006 |
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DIN No.: |
00949414 |
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Name : |
Mrs. Vandana P. Parihar |
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Designation : |
Director |
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Address : |
C -103, Uranus Vasant, Galaxy, Bangur Nagar, Goregaon West, Mumbai
- 400104, Maharashtra, India |
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Date of Birth/Age : |
09.11.1976 |
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Qualifications : |
Graduate |
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Date of Appointment : |
01.05.2010 |
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DIN No.: |
02763372 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Kalpesh C Shah |
37500 |
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Jaal Kalpesh Shah |
12500 |
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Total |
50000 |
Equity
Share Break up (Percentage of Total Equity)
As on : 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Travelling and Tour Services. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
·
Union Bank of ·
Kotak Mahindra Bank
Limited, 36-38A, Nariman Bhavan, 227,
D, Nariman Point, Mumbai - 400021,
Maharashtra, India ·
Standard Chartered Bank,
Mitha Galli ·
ICICI Bank |
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Facilities : |
Rs In Millions
Note : (A) Term loan is
secured against deposit of title deed in respect of office building and
personal guarantee of all the directors of the company. (B) Vehicles loans
are secured against the hypothecation of respective vehicle. (C) Term loan from bank
having interest rate of 13.50% was scheduled to be repaid in 120 installments
till 10th February 2012. However the same has been repaid in full
as on 02nd July 2012. Hence the same has been classified as
current maturities of short term debt under the head other current
liabilities. (D) Overdraft
facility is secured against lien of fixed deposits with Union Bank of |
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Auditors : |
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Name : |
Paresh Desai and Company Chartered Accountants |
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Address : |
903, 9th Floor, |
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Tel No : |
91-79-26584165 |
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Fax No.: |
91-79-26638524 |
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PAN No.: |
AAJPD3599E |
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Related Party : |
Go Banana Holidays Private Limited Address : 302, 3rd Floor,
Activity : Provide
Traveling and |
CAPITAL STRUCTURE
As on : 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
95000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.950 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 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 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.500 |
0.500 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
11.593 |
3.852 |
3.038 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
12.093 |
4.352 |
3.138 |
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LOAN FUNDS |
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1] Secured Loans |
4.763 |
7.424 |
0.000 |
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2] Unsecured Loans |
0.685 |
0.599 |
4.893 |
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TOTAL BORROWING |
5.448 |
8.023 |
4.893 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.111 |
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TOTAL |
17.541 |
12.375 |
8.142 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
9.594 |
6.783 |
3.067 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
6.453 |
6.453 |
1.327 |
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DEFERRED TAX ASSETS |
0.118 |
0.010 |
0.022 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
62.635
|
19.504 |
7.537 |
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Cash & Bank Balances |
25.271
|
22.650 |
13.087 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
6.227
|
1.950 |
1.471 |
|
Total
Current Assets |
94.133
|
44.104 |
22.095 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
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Sundry Creditors |
73.108
|
42.163 |
16.877 |
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Other Current Liabilities |
17.257
|
2.513 |
0.916 |
|
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Provisions |
2.392
|
0.299 |
0.576 |
|
Total
Current Liabilities |
92.757
|
44.975 |
18.369 |
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Net Current Assets |
1.376
|
(0.871) |
3.726 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
17.541 |
12.375 |
8.142 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
762.576 |
347.281 |
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Other Income |
5.575 |
1.808 |
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TOTAL |
768.151 |
349.089 |
158.773 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
347.562 |
157.794 |
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PROFIT BEFORE
TAX |
NA |
1.527 |
0.979 |
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Less |
TAX |
NA |
0.313 |
0.253 |
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PROFIT AFTER TAX
|
7.741 |
1.214 |
0.726 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.852 |
3.038 |
2.313 |
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Less |
APPROPRIATIONS |
|
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|
Issue on Bonus Shares |
0.000 |
0.400 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
11.593 |
3.852 |
3.038 |
|
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|
EARNINGS IN
FOREIGN CURRENCY |
NA |
124.611 |
57.943 |
|
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IMPORTS |
|
|
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|
|
|
|
Raw Materials, Stores and Capital Goods |
NA |
0.000 |
0.556 |
|
|
TOTAL IMPORTS |
NA |
0.000 |
0.556 |
|
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|
Earnings Per
Share (Rs.) |
154.82 |
24.00 |
72.63 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.01
|
0.35 |
0.46 |
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.44 |
0.00 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
3.00 |
3.89 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.35 |
0.31 |
|
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|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45
|
1.84 |
1.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01
|
0.98 |
1.20 |
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 |
Yes |
|
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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 registered office address of the company has been shifted from 302,
3rd Floor, Oynex Building, Opposite LDC Bank,
DETAILS OF
CREDITORS :
Rs in
Millions
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
Outstanding dues to micro, small and medium enterprises Due to Others |
73.108 |
42.163 |
16.877 |
|
Total |
73.108 |
42.163 |
16.877 |
UNSECURED LOAN :
Rs. in
Millions
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Loans and Advance from related parties |
0.685 |
0.599 |
|
Total |
0.685 |
0.599 |
BANKERS CHARGES
REPORT AS PER REGISTRY :
|
Corporate
identity number of the company |
U63040GJ2004PTC044927 |
|
Name of the
company |
TRAVEL DESIGNER
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
405, 3rd Eye Email : jaal@traveldesigner.in |
|
This form is for |
Modification of
charge |
|
Charge
identification (ID) number of the charge to be modified |
10311988 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Union Bank of |
|
Nature of instrument
creating charge |
Supplementary
Deed To SD-20 Hypothecation
Deed [SD-20(S)] |
|
Date of
instrument Creating the charge |
29.09.2012 |
|
Amount secured by
the charge |
Rs. 27.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest : Terms and
conditions as contained in Principal as well as supplemental hypothecation
deed, shall continue to apply and subsist for various credit facilities
aggregating to Rs.27.500 Millions. Terms of Repayment : Terms and
conditions as contained in Principal as well as supplemental hypothecation
deed, shall continue to apply and subsist for various credit facilities
aggregating to Rs.27.500 Millions. Margin : Terms and
conditions as contained in Principal as well as supplemental hypothecation
deed, shall continue to apply and subsist for various credit facilities
aggregating to Rs.27.500 Millions. Extent and Operation of the charge : Charge operates as
a First Charge on Moveable property and Book debts more particularly
described in Annexure-A, herewith to secure fund based and Non Fund Based
credit facilities aggregating to Rs.27.500 Millions comprising, Bank
guarantee limit of Rs.24.000 Millions and S.O.D ( Title deed ) of Rs.3.500
Millions. |
|
Particulars of
the present modification |
Charge created on
Movable property and Book Debts, shall be further extended and shall also be
a continuing security to secure further aggregate limit of Rs.27.500 Millions. |
Fixed assets
· Air Conditioner
· Aquaflo Purifier
· Motor Car Honda
·
Bike
· Kinetic Nova Scooter
· Digital Camera
· Computer Hardware
· Electric Installation
· EPABX and Telephone Instruments
·
· Safe
· Website
· Vending Machine
·
· Fax Machine
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. 55.74 |
|
|
1 |
Rs. 84.17 |
|
Euro |
1 |
Rs. 72.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
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|
Report Prepared
by : |
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SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
47 |
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 |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.