MIRA
INFORM REPORT
|
Report No. : |
306571 |
|
Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMIGO TRAVELS PRIVATE LIMITED (w.e.f.16.01.2003) |
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Formerly Known
As : |
ABLE MANAGEMENT SERVICES PRIVATE LIMITED |
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Registered
Office : |
21, Loha Bhavan, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.07.1994 |
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Com. Reg. No.: |
11-079504 |
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Capital
Investment / Paid-up Capital : |
Rs.2.000 Millions |
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CIN No.: [Company Identification
No.] |
U74210MH1994PTC079504 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMA20079D / MUMA22269C |
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PAN No.: [Permanent Account No.] |
AAACA4627J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in business of Air Tickets Booking, Tour Packages,
Hotel Booking, Travel Agents etc. |
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No. of Employees
: |
14 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 moderate track record. The rating is constrained on account of company low profit
margin. Profitability of the company seems to be low during the year 2013. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Milind |
|
Designation : |
Accounts Head |
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Contact No.: |
91-9867499059 |
|
Date : |
04.02.2015 |
LOCATIONS
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Registered/ Head Office : |
21, Loha Bhavan, P D’ Mello Road, Mumbai - 400009, Maharashtra, India |
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Tel. No.: |
91-22-61111234 |
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Mobile No.: |
91-9867499059 (Mr. Milind) |
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Fax No.: |
91-22-23480577 |
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E-Mail : |
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Website : |
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Area : |
250 Sq. Ft. |
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Location : |
Owned |
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Branch Office : |
10203, Jamuna House, Padam Singh Road, Karol Bagh, New Delhi - 100005, India |
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Tel. No.: |
91-11-45545388 |
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Fax No.: |
91-11-28754344 |
DIRECTORS
As on 30.09.2014
|
7Name : |
Mr. Dhanpat Rai Gupta |
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Designation : |
Director |
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Address : |
11, Kashi Nath Mullick Lane, Kolkata - 700073, West Bengal, India |
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Date of Birth/Age : |
11.01.1941 |
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Date of Appointment : |
27.04.1995 |
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DIN No.: |
00025472 |
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Name : |
Mr. Vivek Gupta |
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Designation : |
Director |
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Address : |
11, Kashi Nath Mullick Lane, Kolkata - 700073, West Bengal, India |
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Date of Birth/Age : |
26.09.1966 |
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Date of Appointment : |
07.07.1994 |
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DIN No.: |
00025519 |
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Name : |
Ms. Shefali Gupta |
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Designation : |
Director |
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Address : |
87, Dariya Mahal-A, Neapean Sea Road, Mumbai - 400006, Maharashtra, India |
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Date of Birth/Age : |
31.05.1971 |
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Date of Appointment : |
10.02.1997 |
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DIN No.: |
00339819 |
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Name : |
Mr. Vijay Kumar Jain |
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Designation : |
Director |
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Address : |
B-512, New Friends Colony, New Delhi - 110065, India |
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Date of Birth/Age : |
06.04.1945 |
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Date of Appointment : |
01.04.2008 |
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DIN No.: |
01158493 |
KEY EXECUTIVES
|
Name : |
Mr. Milind |
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Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Vijay Kumar Jain |
92500 |
46.25 |
|
Dhanpat Rai Gupta |
55000 |
27.50 |
|
Shefali Gupta |
52500 |
26.25 |
|
Total |
200000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
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 : |
Subject is engaged in business of Air Tickets Booking, Tour Packages,
Hotel Booking, Travel Agents etc. |
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Products : |
-- |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS – NOT APPLICABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
14 Approximately) |
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Bankers : |
· Bank of India, Mandvi Branch, Mumbai, Maharashtra, India ·
Deutche Bank, Kotak House, Mumbai,
Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Saraf and Chandra Chartered Accountants |
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Address : |
Bharat Insurance Building, 3rd Floor, 15A, Horniman Circle, Fort, Mumbai –
400001, Maharashtra, India |
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Tel. No.: |
91-22-32918787/ 22664575 |
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Fax No.: |
91-22-22664575 |
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E-Mail : |
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PAN No.: |
AAMFS1204Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Sister Concern : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
2.000 |
2.000 |
2.000 |
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(b) Reserves & Surplus |
8.126 |
7.276 |
6.243 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
10.126 |
9.276 |
8.243 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.600 |
0.400 |
0.400 |
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(b) Deferred tax liabilities (Net) |
0.771 |
0.260 |
0.441 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
1.371 |
0.660 |
0.841 |
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(4) Current Liabilities |
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(a) Short term borrowings |
7.000 |
0.600 |
0.000 |
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(b) Trade payables |
10.509 |
11.314 |
17.683 |
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(c) Other current
liabilities |
0.075 |
2.240 |
0.320 |
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(d) Short-term provisions |
0.534 |
0.000 |
0.000 |
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Total Current Liabilities (4) |
18.118 |
14.154 |
18.003 |
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TOTAL |
29.615 |
24.090 |
27.087 |
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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 |
5.231 |
5.801 |
7.046 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
5.231 |
5.801 |
7.046 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
8.138 |
8.115 |
11.312 |
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(d) Cash and cash
equivalents |
7.335 |
7.124 |
6.197 |
|
(e) Short-term loans and
advances |
8.911 |
3.050 |
2.532 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
24.384 |
18.289 |
20.041 |
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TOTAL |
29.615 |
24.090 |
27.087 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
242.958 |
241.886 |
235.996 |
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Other Income |
2.613 |
1.423 |
0.217 |
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TOTAL (A) |
245.571 |
243.309 |
236.213 |
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Less |
EXPENSES |
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Purchase |
225.263 |
224.238 |
217.278 |
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Employee Benefits Expenses |
10.637 |
10.348 |
7.148 |
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Other Expenses |
5.315 |
5.455 |
8.567 |
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TOTAL (B) |
241.215 |
240.041 |
232.993 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.356 |
3.268 |
3.220 |
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Less |
FINANCIAL
EXPENSES (D) |
1.106 |
0.769 |
-0.230 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
3.250 |
2.499 |
3.450 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
1.056 |
1.264 |
1.756 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
2.194 |
1.235 |
1.694 |
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Less |
TAX (H) |
1.344 |
0.202 |
0.789 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.850 |
1.033 |
0.905 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.276 |
6.243 |
5.338 |
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|
BALANCE CARRIED
TO THE B/S |
8.126 |
7.276 |
6.243 |
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|
Earnings /
(Loss) Per Share (Rs.) |
4.55 |
5.16 |
4.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.35 |
0.43 |
0.38 |
|
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|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.79 |
1.35 |
1.36 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.41 |
5.13 |
6.25 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.13 |
0.21 |
|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
0.75 |
0.11 |
0.05 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.29 |
1.11 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
6.243 |
7.276 |
8.126 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
8.243 |
9.276 |
10.126 |
|
|
|
|
|
|
Long Term borrowings |
0.400 |
0.400 |
0.600 |
|
Short Term borrowings |
0.000 |
0.600 |
7.000 |
|
Total
borrowings |
0.400 |
1.000 |
7.600 |
|
Debt/Equity
ratio |
0.049 |
0.108 |
0.751 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
235.996 |
241.886 |
242.958 |
|
|
|
2.496 |
0.443 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
235.996 |
241.886 |
242.958 |
|
Profit |
0.905 |
1.033 |
0.850 |
|
|
0.38% |
0.43% |
0.35% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
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 |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Deposits |
|
|
|
Akshaya India Travels |
0.100 |
0.300 |
|
Vidhi Enterprise |
0.000 |
0.100 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans from Directors |
|
|
|
Dhanpat Rai Gupta |
0.000 |
0.600 |
|
Advances from Customer |
0.700 |
0.000 |
|
Total |
0.800 |
1.000 |
NO CHARGES EXIST FOR
THE COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Tea / Coffee Maker
·
Vehicles
·
Furniture and Fixture
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.61.87 |
|
|
1 |
Rs.94.07 |
|
Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
29 |
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.