MIRA INFORM REPORT
|
Report No. : |
328263 |
|
Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
THOMAS COOK (INDIA) LIMITED (w.e.f. 07.03.1979) |
|
|
|
|
Formerly Known
As : |
THOMAS COOK ( |
|
|
|
|
Registered
Office : |
Thomas Cook Building, D N Road, Fort, Mumbai – 400001, Maharashtra |
|
Tel. No.: |
91-22-61603333 /
660917001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation
: |
21.10.1978 |
|
|
|
|
Com. Reg. No.: |
11-020717 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 316.960
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L63040MH1978PLC020717 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is
engaged in diversified businesses primarily working as Authorised Foreign
Exchange Dealer and also engaged in Tour and Travel Business and working as
Travel Agent and Tour Operator. |
|
|
|
|
No. of Employees
: |
2686 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
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 33000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. Financial position seems to be strong and sound. The rating also takes into consideration the strong brand image in the
foreign exchange and travel business. Trade relations are fair. Business is active. Payment terms are
reported as regular and as per commitments. The company can be considered good for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating AA- |
|
Rating Explanation |
High degree of safety and carry very low
credit risk. |
|
Date |
May 13, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry lowest
credit risk. |
|
Date |
May 13, 2014 |
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 DENIED
MANAGEMENT NON CO-OPERATIVE (91-22-61603333)
LOCATIONS
|
Registered/ Head Office : |
Thomas Cook Building, Dr. D N Road, Fort, Mumbai – 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-61603333 /
660917001 |
|
Fax No.: |
91-22-22844529 /
66091454 / 22871069 / 25291196 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located at: · Maharashtra · Andhra Pradesh · Goa · Haryana · Gujarat · Himachal Pradesh · Karnataka · Assam · Bihar · Chhattisgarh · Jharkhand · Madhya Pradesh · Orissa · Kerala · Punjab · New Delhi · Tamilnadu · Uttaranchal · Uttar Pradesh · Rajasthan · West Bengal |
|
|
|
|
Airport Counters : |
Located at: · Mumbai · Ernakulum · Bangalore · New Delhi · Trivandrum |
|
|
|
|
Learning Offices : |
Located at: · Mumbai · Pune · Chennai ·
Kochi |
|
|
|
|
International
Offices : |
Located at: · Mauritius ·
Sri Lanka |
DIRECTORS
As on 31.12.2013
|
Name : |
Mr. Mahendra Kumar Charan Das Sharma |
|
Designation : |
Non-Executive Chairman-Independent |
|
Address : |
192 Centrum Towers Barkhat Ali Road, Near Wadala Flyover Wadala
(East), Mumbai – 400037, Maharashtra, India
|
|
Date of Birth/Age : |
04.05.1947 |
|
Date of Appointment : |
14.12.2010 |
|
DIN No.: |
00327684 |
|
|
|
|
Name : |
Mr. Madhavan Karunakara Menon |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 702, Supreme Pearl, 17th Road, Khar (West), Mumbai
– 400052, Maharashtra, India |
|
Date of Birth/Age : |
12.02.1955 |
|
Qualification : |
B.A. |
|
Date of Appointment : |
01.05.2000 |
|
DIN No.: |
00008542 |
|
|
|
|
Name : |
Mr. Ramesh Amrut Savoor |
|
Designation : |
Non-Executive Independent Director |
|
Address : |
201, Pine Viewm 9 Edward Road, Bangalore – 560052, Karnataka, India |
|
Date of Birth/Age : |
24.04.1944 |
|
Date of Appointment : |
29.05.2009 |
|
DIN No.: |
00149089 |
|
|
|
|
Name : |
Mr. Krishnan Ramachandran |
|
Designation : |
Non-Executive Independent Director |
|
Address : |
2401-2402, ‘A’ Wing, Raheja Atlantis, Ganpatrao Kadam Marg, Opposite
Nerolac House, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1949 |
|
Date of Appointment : |
29.05.2009 |
|
DIN No.: |
00193357 |
|
|
|
|
Name : |
Harsha Raghavan |
|
Designation : |
Non-Executive Director |
|
|
|
|
Name : |
Chandran Ratnaswami |
|
Designation : |
Non-Executive Director |
|
|
|
|
Name : |
Uday Khanna |
|
Designation : |
Non-Executive Independent Director |
|
|
|
|
Name : |
Kishori Udeshi |
|
Designation : |
Non-Executive Independent Director |
KEY EXECUTIVES
|
Name : |
Mr. Rambhau Rudraji Kenkare |
|
Designation : |
Company Secretary and President and Head |
|
Address : |
B-202, 2nd Floor, Pluto Vasant Galaxy, Bangur Nagar Junction,
Off M.G. Link Road, Goregaon (West), Mumbai – 400090, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1965 |
|
Date of Appointment : |
01.12.1998 |
|
Pan No.: |
AAHPK0996N |
|
|
|
|
Name : |
Mr. Menon
Madhavan |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. R.R. Kenkare |
|
Designation : |
President and Head Legal and Company Secratry |
|
|
|
|
Name : |
Mr. Debasis Nandy |
|
Designation : |
President and Chief Financial Officer |
|
|
|
|
Name : |
Mr. Rajeev Kale |
|
Designation : |
Chief Operating Officer - Leisure Travel (MICE, Domestic, Cruises and
Sports Holidays) |
|
|
|
|
Name : |
Mr. Amit Madhan |
|
Designation : |
Chief Operating Officer – IT and E-Services |
|
|
|
|
Name : |
Mr. Adrian Williams |
|
Designation : |
Head – Human Resources |
|
|
|
|
Name : |
Mr. Mahesh Iyer |
|
Designation : |
Senior Vice President and Head – Foreign Exchange |
|
|
|
|
Name : |
Mr. Prashant Narayan |
|
Designation : |
Senior Vice President and Head – Leisure Travel (Inbound) |
|
|
|
|
Name : |
Mr. Indiver Rastogi |
|
Designation : |
Senior Vice President and Head – Global Enterprise Business |
|
|
|
|
Name : |
Mr. Abraham Alapatt |
|
Designation : |
Head Marketing |
|
|
|
|
Name : |
Mr. Jatinder Paul Singh |
|
Designation : |
Senior Vice President and Head – Sales and Distribution, Leisure
Travel (Outbound) |
|
|
|
|
Name : |
Ms. Shibani Phadkar |
|
Designation : |
Senior Vice President Leisure Travel (Outbound), Products and
Operations |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
|
||
|
(A) Shareholding of
Promoter and Promoter Group |
||
|
|
|
|
|
|
|
|
|
|
203923725 |
74.77 |
|
|
203923725 |
74.77 |
|
Total shareholding of
Promoter and Promoter Group (A) |
203923725 |
74.77 |
|
|
|
|
|
(B) Public Shareholding |
||
|
|
|
|
|
|
3763366 |
1.38 |
|
|
27506 |
0.01 |
|
|
6333494 |
2.32 |
|
|
27425019 |
10.06 |
|
|
1377313 |
0.51 |
|
|
1377313 |
0.51 |
|
|
38926698 |
14.27 |
|
|
|
|
|
|
5730632 |
2.10 |
|
|
|
|
|
Individual shareholders
holding nominal share capital up to Rs. 0.100 Million |
22115493 |
8.11 |
|
Individual shareholders holding
nominal share capital in excess of Rs. 0.100 Million |
1924679 |
0.71 |
|
|
109600 |
0.04 |
|
|
9600 |
0.00 |
|
|
100000 |
0.04 |
|
|
29880404 |
10.96 |
|
Total Public shareholding
(B) |
68807102 |
25.23 |
|
|
|
|
|
Total (A)+(B) |
272730827 |
100.00 |
|
|
|
|
|
(C) Shares held by Custodians
and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
|
|
|
Total (A)+(B)+(C) |
272730827 |
100.00 |
%20LIMITED%20-%20328263%2020-Jun-2015_files/image016.gif){kind=small}
%20LIMITED%20-%20328263%2020-Jun-2015_files/image017.gif){kind=small}
%20LIMITED%20-%20328263%2020-Jun-2015_files/image018.gif){kind=small}
%20LIMITED%20-%20328263%2020-Jun-2015_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in diversified businesses primarily working as
Authorized Foreign Exchange Dealer and also engaged in Tour and Travel Business
and working as Travel Agent and Tour Operator. |
|
|
|
|
Services : |
Tour and Travel Business and working as Travel Agent and Tour Operator |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
2686 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
¨
Axis Bank Limited ¨
Deutsche Bank ¨
HDFC Bank Limited ¨
ICICI Bank Limited ¨
IndusInd Bank Limited ¨
IDBI Bank Limited ¨
Kotak Mahindra Bank Limited ¨ State Bank of
India ¨ Bank of America |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
Name : |
Lovelock and Lewes Chartered Accountant |
|
Address : |
252 Veer Savarkar Marg, |
|
PAN
No. : |
AABFL5878L |
|
|
|
|
Holding Company : |
Fairbridge Capital (Mauritius) Limited, Mauritius holds
87.10% of Equity Shares of the Company |
|
|
|
|
Ultimate Holding Company : |
Fairbridge Capital (Mauritius) Limited is a step down
subsidiary of Fairfax Financial Holdings Limited, Canada |
|
|
|
|
Subsidiary Companies : |
· Travel Corporation (India) Limited · Thomas Cook Insurance Services (India) Limited · Indian Horizon Travel and Tours Limited · Thomas Cook Tours Limited · TC Visa Services (India) Limited · Thomas Cook (Mauritius) Holding Company Limited · Thomas Cook (Mauritius) Operations Company Limited · Thomas Cook (Mauritius) Holidays Limited · Thomas Cook (Mauritius) Travel Limited ·
Thomas Cook Lanka (Private) Limited (w.e.f 1st
August, 2012) ·
IKYA Human Capital Solutions Limited (w.e.f
May 14, 2013) ·
Avon Facility Management Services Limited (w.e.f
May 14, 2013) ·
CoAchieve Solutions Private Limited (w.e.f May
14, 2013) ·
Magna IKYA Infotech Inc. (w.e.f May 14,
2013) |
|
|
|
|
Fellow Subsidiaries : |
· Fairfax (Barbados) International Corp. |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital: Not Available
Issued, Subscribed & Paid-up Capital: Rs. 316.960
Million
AS ON 31.12.2013
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
345,827,060 |
Equity Shares |
Re. 1/- each |
Rs. 345.827 Million |
|
114,760,000 |
‘Class A’ 4.65% Cumulative Non-Convertible Redeemable
Preference Shares |
Rs. 10/- each |
Rs. 1147.600 Million |
|
355,294 |
‘Class B’ 0.001% Cumulative Convertible / Redeemable
Preference Shares |
Rs. 10/- each |
Rs. 3.553 Million |
|
302,000 |
‘Class C’ 0.001% Cumulative Convertible / Redeemable
Preference Shares |
Rs. 10/- each |
Rs. 3.020 Million |
|
125,000,000 |
1% Cumulative Non-Convertible Redeemable Preference Shares |
Rs. 10/- each |
Rs. 1250.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 2750.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
247,680,897 |
Equity Shares |
Re. 1/- each |
Rs. 247.681
Million |
|
319,765 |
‘Class B’ 0.001% Cumulative Convertible / Redeemable
Preference Shares |
Rs. 10/- each |
Rs. 3.197
Million |
|
271,800 |
‘Class C’ 0.001% Cumulative Convertible / Redeemable
Preference Shares |
Rs. 10/- each |
Rs. 2.718
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 253.596 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 [15 Months] |
31.12.2013 |
31.12.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
316.960 |
253.596 |
219.074 |
|
(b) Reserves & Surplus |
11131.790 |
5854.298 |
3765.993 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
2.370 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
11451.120 |
6107.894 |
3985.067 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1012.760 |
1012.423 |
22.231 |
|
(b) Deferred tax liabilities (Net) |
23.010 |
25.917 |
44.426 |
|
(c) Other long term
liabilities |
346.610 |
180.696 |
226.184 |
|
(d) long-term
provisions |
5.070 |
8.810 |
6.601 |
|
Total Non-current
Liabilities (3) |
1387.450 |
1227.846 |
299.442 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
503.010 |
128.060 |
1820.862 |
|
(b) Trade
payables |
2105.900 |
1899.562 |
1149.091 |
|
(c) Other
current liabilities |
2689.870 |
1319.820 |
1225.900 |
|
(d) Short-term
provisions |
228.090 |
196.862 |
118.744 |
|
Total Current
Liabilities (4) |
5526.870 |
3544.304 |
4314.597 |
|
|
|
|
|
|
TOTAL |
18365.440 |
10880.044 |
8599.106 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
643.490 |
547.929 |
584.721 |
|
(ii)
Intangible Assets |
0.000 |
83.111 |
104.137 |
|
(iii)
Capital work-in-progress |
0.000 |
5.087 |
2.159 |
|
(iv)
Intangible assets under development |
0.000 |
36.227 |
13.253 |
|
(b) Non-current Investments |
10332.480 |
4532.477 |
1939.982 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
546.700 |
446.157 |
530.870 |
|
(e) Other
Non-current assets |
14.760 |
182.789 |
165.598 |
|
Total Non-Current
Assets |
11537.430 |
5833.777 |
3340.720 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
1250.640 |
1400.461 |
800.148 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
2161.030 |
1761.596 |
1835.000 |
|
(d) Cash
and cash equivalents |
1644.460 |
927.883 |
1677.160 |
|
(e)
Short-term loans and advances |
1276.190 |
730.795 |
709.481 |
|
(f) Other
current assets |
495.690 |
225.532 |
236.597 |
|
Total
Current Assets |
6828.010 |
5046.267 |
5258.386 |
|
|
|
|
|
|
TOTAL |
18365.440 |
10880.044 |
8599.106 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 [15 Months] |
31.12.2013 |
31.12.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5008.900 |
3781.031 |
3771.295 |
|
|
|
Other Income |
126.930 |
55.009 |
92.331 |
|
|
|
TOTAL |
5135.830 |
3836.040 |
3863.626 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
2156.640 |
1478.962 |
1481.594 |
|
|
|
Advertisement Expenses |
374.950 |
159.912 |
218.274 |
|
|
|
Other expenses |
1488.690 |
1034.830 |
1008.169 |
|
|
|
TOTAL |
4020.280 |
2673.704 |
2708.037 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1115.550 |
1162.336 |
1155.589 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
481.510 |
347.526 |
300.488 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
634.040 |
814.810 |
855.101 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
147.830 |
111.870 |
117.182 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
486.210 |
702.940 |
737.919 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
154.100 |
241.691 |
245.856 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
332.110 |
461.249 |
492.063 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2036.712 |
1794.912 |
1445.319 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
46.125 |
49.206 |
|
|
|
Transfer to Debenture Redemption Reserve |
NA |
48.958 |
0.000 |
|
|
|
Dividend for the
previous year paid during the year |
NA |
12.892 |
0.312 |
|
|
|
Corporate Dividend Tax for
the Previous year and paid during the year |
NA |
2.809 |
0.050 |
|
|
|
Proposed Dividend on
Equity Shares |
NA |
92.880 |
79.935 |
|
|
|
Proposed Dividend
distribution tax on proposed dividend on equity shares |
NA |
15.785 |
12.967 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
2036.712 |
1794.912 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Receipts from
Independent Tours and Travel |
NA |
2328.577 |
382.321 |
|
|
|
Commission on
Travellers Cheques |
NA |
36.237 |
33.666 |
|
|
|
Cash Passport /
Incentive on GMC Card |
NA |
|
0.000 |
|
|
|
Prepaid Card Sign-on
and Anniversary Bonus |
NA |
0.000 |
36.690 |
|
|
|
Interest Income from
Foreign Currency Deposit |
NA |
5.631 |
0.955 |
|
|
|
Incentive on Prepaid
Card sales |
NA |
92.448 |
8.312 |
|
|
|
Dividend Income |
NA |
0.030 |
0.026 |
|
|
TOTAL EARNINGS |
NA |
98.109 |
461.97 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
1.31 |
1.96 |
2.31 |
|
|
|
Diluted |
1.10 |
1.91 |
2.26 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 [15 Months] |
31.12.2013 |
31.12.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
2041.306 |
1250.881 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 [15 Months] |
31.12.2013 |
31.12.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.63 |
12.20 |
13.05 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
22.27 |
30.74 |
30.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.05 |
11.15 |
11.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.12 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13 |
0.19 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.42 |
1.22 |
STOCK
PRICES
|
Face Value |
Rs.1/- |
|
Market Value |
Rs.229.55/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2012 |
31.12.2013 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
219.074 |
253.596 |
316.960 |
|
Reserves & Surplus |
3765.993 |
5854.298 |
11131.790 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
2.370 |
|
Net worth |
3985.067 |
6107.894 |
11451.120 |
|
|
|
|
|
|
long-term borrowings |
22.231 |
1012.423 |
1012.760 |
|
Short term borrowings |
1820.862 |
128.060 |
503.010 |
|
Total borrowings |
1843.093 |
1140.483 |
1515.770 |
|
Debt/Equity ratio |
0.462 |
0.187 |
0.132 |
%20LIMITED%20-%20328263%2020-Jun-2015_files/image022.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2012 |
31.12.2013 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3771.295 |
3781.031 |
5008.900 |
|
|
|
0.258 |
32.474 |
%20LIMITED%20-%20328263%2020-Jun-2015_files/image024.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2012 |
31.12.2013 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3771.295 |
3781.031 |
5008.900 |
|
Profit |
492.063 |
461.249 |
332.110 |
|
|
13.05% |
12.20% |
6.63% |
%20LIMITED%20-%20328263%2020-Jun-2015_files/image026.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date:- 04/03/2014 |
|
Stamp No.:- CRAST/25217/2013 Filing
Date:- 06/09/2013 Reg. No.:- CRA/908/2013 Reg.
Date:- 26.12.2013 |
|
Petitioner: STATE
BANK OF BIKANER AND JAIPUR Respondent: THOMAS
COOK (INDIA) LIMITED
Petn. Adv : SHRADHA
WORLIKAR District: MUMBAI |
|
Bench: SINGLE Status: Pre-Admission
Next Date : 09.07.2014
Stage: C.R.A. FOR ADMISSION (FRESH)
[CIVIL SIDE MATTERS] Coram : HON’BLE
SHRI JUSTICE K.K. TATED Last Date: 13.06.2014
Stage: C.R.A. FOR ADMISSION (FRESH) [CIVIL SIDE MATTERS] Last Coram: HON’BLE SHRI JUSTICE K.K. TATED |
|
Act: Maharashtra Rent Control Act, 1999 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2015 (Rs.
In Million) |
31.12.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Debenture (1000 (Previous Year Nil) Redeemable non-convertible debenture) |
NA |
1000.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans from bank |
NA |
0.000 |
|
Commercial Paper |
NA |
0.000 |
|
Bank Overdraft |
NA |
128.060 |
|
|
|
|
|
Total |
NA |
1128.060 |
INDEX OF CHARGES
No Charges Exist for Company
FIXED
ASSETS:
Tangible Assets
·
Office Building
·
Leasehold Improvements
·
Furniture and Fixtures
·
Computers
·
Office Equipment
·
Vehicles
·
Computers
·
Vehicles
Intangible Assets
·
Goodwill
·
Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.63.82 |
|
|
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
66 |
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.