MIRA INFORM REPORT
|
Report No. : |
328853 |
|
Report Date : |
24.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
RIYA TRAVEL AND TOURS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
237, Gulab Building, Ground Floor, P.D Mello Road, Fort, Mumbai – 400001, Maharashtra |
|
Tel. No.: |
91-22-66294949 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.05.1992 |
|
|
|
|
Com. Reg. No.: |
11-066873 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 456.975
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1992PTC066873 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMR09065A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR3178B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Air ticketing business and also provides various services like Full fledged money changer, Visa Processing services, Outsource service provider for Insurance companies and other travel related services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established company incorporated during the year
1992 engaged in the business of air ticketing having a satisfactory track
record. The rating reflects company sound financial risk profile marked by
healthy networth position and decent profitability of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long-term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk. |
|
Date |
June 15, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short-term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and carry higher
credit risk. |
|
Date |
June 15, 2015 |
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Vishal |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-67772300 |
|
Date : |
23.06.2015 |
|
Name : |
Mr. Ramkumar |
|
Designation : |
Admin Manager |
|
Contact No.: |
91-22-67772300 |
|
Date : |
23.06.2015 |
LOCATIONS
|
Registered Office : |
237, Gulab Building, Ground Floor, P.D Mello Road, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-61608080/ 67772300/ 66594343 |
|
Fax No.: |
91-22-22625378/ 22631891 |
|
E-Mail : |
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|
Website : |
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|
|
|
Corporate Office : |
M/1, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-67772300 |
|
|
|
|
Retail Offices : |
Located at: ·
Ahmedabad ·
Bangalore ·
Baroda ·
Calicut ·
Chandigarh ·
Chennai · Cochin ·
Coimbatore ·
Edappal ·
Panaji ·
Gurgaon ·
Hubli ·
Hyderabad ·
Jaipur ·
Jalandhar ·
Kannur · Kasargode ·
Kolkata ·
Kollam ·
Kottayam ·
Lucknow ·
Madurai ·
Mangalore · Mumbai ·
Vashi ·
Nagercoil ·
New Delhi ·
Pathanamthitta ·
Pune ·
Salem ·
Sikar ·
Surat ·
Thiruval ·
Thiruvanathapuram ·
Trichur ·
Trichy ·
Vijayawada ·
Visakhapatnam |
DIRECTORS
AS ON 20.09.2014
|
Name : |
George Maniyattu John |
|
Designation : |
Director |
|
Address : |
23, Eden Bungalow, Hiranandani Garden, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
27.11.1954 |
|
Qualification : |
Under Graduate |
|
Experience : |
31 Years |
|
Date of Appointment : |
21.05.1992 |
|
PAN No.: |
AADPJ2644Q |
|
DIN No.: |
00971584 |
|
|
|
|
Name : |
Gracy George |
|
Designation : |
Director |
|
Address : |
23, Eden Bungalow, Hiranandani Garden, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
13.04.1983 |
|
Qualification : |
B. Sc. |
|
Experience : |
26 Years |
|
Date of Appointment : |
21.05.1992 |
|
PAN No.: |
AAMPG2666C |
|
DIN No.: |
00971540 |
|
|
|
|
Name : |
Nitin George John |
|
Designation : |
Director |
|
Address : |
23, Eden Bungalow, Hiranandani Garden, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
13.04.1983 |
|
Qualification : |
B.Com, MBA |
|
Experience : |
10 Years |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
AEHPJ5162M |
|
DIN No.: |
00988426 |
|
|
|
|
Name : |
Thomas Mathai |
|
Designation : |
Director |
|
Address : |
Kunnummel House, Periyapuram PO, St Pampakuda (VIA), Ernakulam - 686667, Kerala, India |
|
Date of Birth/Age : |
06.04.1968 |
|
Date of Appointment : |
01.07.2008 |
|
PAN No.: |
ADQPM3064K |
|
DIN No.: |
02202230 |
|
|
|
|
Name : |
Benson Samuel |
|
Designation : |
Director |
|
Address : |
268, Espace Nirvana Country, Sector 50, Sun City, Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
18.10.1972 |
|
Date of Appointment : |
01.07.2008 |
|
PAN No.: |
BAUPS9502A |
|
DIN No.: |
02174907 |
|
|
|
|
Name : |
Manoj Samuel |
|
Designation : |
Director |
|
Address : |
301, Ganesh Prerna, Plot No 143, Sector 10, New Panvel, Navi Mumbai - 410206, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1974 |
|
Date of Appointment : |
01.07.2008 |
|
PAN No.: |
AYMPS4550P |
|
DIN No.: |
02175164 |
|
|
|
|
Name : |
Thomas Samuel |
|
Designation : |
Director |
|
Address : |
Lovedale Kodamalikunnu Road, Nellikode, Calicut - 673016, Kerala, India |
|
Date of Birth/Age : |
17.08.1947 |
|
Date of Appointment : |
01.07.2008 |
|
PAN No.: |
ABPPT6432R |
|
DIN No.: |
02175157 |
|
|
|
|
Name : |
Jacob Varughese |
|
Designation : |
Director |
|
Address : |
306, Aero View Churchpakhadi, Sahar Village, Andheri (East), Mumbai - 400099, Maharashtra, India |
|
Date of Birth/Age : |
10.11.1953 |
|
Date of Appointment : |
01.07.2008 |
|
PAN No.: |
ABQPV9526R |
|
DIN No.: |
02206842 |
|
|
|
|
Name : |
Jayan Madhavan Nair |
|
Designation : |
Director |
|
Address : |
B-5, Janki, F. No 601, Cosmopolitan CHS, Sector 19 A, Nerul, Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
13.09.1954 |
|
Date of Appointment : |
01.07.2008 |
|
PAN No.: |
AAAPN5313N |
|
DIN No.: |
02210670 |
KEY EXECUTIVES
|
Name : |
Mr. Vishal |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Ramkumar |
|
Designation : |
Admin Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
George Maniyattu John |
4480776 |
98.05 |
|
Gracy George |
88974 |
1.95 |
|
|
|
|
|
Total |
4569750 |
100.00 |
%20PRIVATE%20LIMITED%20-%20328853_MIRA%2024-Jun-2015_files/image013.gif)
AS ON 20.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Air ticketing business and also provides various services like Full fledged money changer, Visa Processing services, Outsource service provider for Insurance companies and other travel related services. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· The Federal Bank Limited Corporate Banking Branch, 32, Mumbai Samachar Marg, Fort, Mumbai - 400001, Maharashtra, India · Karnataka Bank Limited Gateway Plaza, Central Avenue, Hiranandani Gardens, IIT, Powai, Mumbai - 400076, Maharashtra, India · Citi Bank N.A. First
International Financial Centre, 9th Floor, Plot No. C-54 and 55,
G-Block, BKC, Bandra (East), Mumbai - 400051, Maharashtra, India · The South Indian Bank Limited Fort
Branch, Emca House, Ground Floor, 289, S B Singh Road, Fort, Mumbai - 400038,
Maharashtra, India · Citibank N.A. Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
P.S. Sanghvi and Company Chartered Accountants |
|
Address : |
8, Datta Nivas 210, Shivaji Park Road No.5, Pandurang Naik Road, Mumbai - 400016, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHPS5608P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary company
: |
· Riya Travel and Tours Inc, United States · Riya Travel and Tours Inc, Canada · Riya Business Travels Private Limited [U63000MH2013PTC249619] |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· Riya Holidays Private Limited [U63040MH2007PTC169657] · Riya Resorts And Properties Private Limited [U55100MH2002PTC137922] · Riya Education Private Limited [U80301MH2010PTC207407] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 520.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,569,750 |
Equity Shares |
Rs. 100/- each |
Rs. 456.975
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
456.975 |
456.975 |
456.975 |
|
(b) Reserves & Surplus |
764.726 |
652.278 |
584.941 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1221.701 |
1109.253 |
1041.916 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
1.757 |
|
(b) Deferred tax liabilities (Net) |
12.964 |
5.111 |
5.422 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.867 |
3.171 |
0.000 |
|
Total
Non-current Liabilities (3) |
13.831 |
8.282 |
7.179 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
803.645 |
364.850 |
238.468 |
|
(b)
Trade payables |
2631.251 |
4511.020 |
4281.378 |
|
(c)
Other current liabilities |
323.166 |
552.901 |
355.317 |
|
(d)
Short-term provisions |
0.143 |
0.155 |
0.135 |
|
Total
Current Liabilities (4) |
3758.205 |
5428.926 |
4875.298 |
|
|
|
|
|
|
TOTAL |
4993.737 |
6546.461 |
5924.393 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
217.432 |
209.928 |
203.779 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
29.323 |
22.931 |
22.906 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
227.931 |
202.680 |
144.909 |
|
(e)
Other Non-current assets |
10.098 |
66.409 |
52.159 |
|
Total
Non-Current Assets |
484.784 |
501.948 |
423.753 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
3006.673 |
4458.590 |
4217.120 |
|
(d)
Cash and cash equivalents |
352.978 |
403.329 |
378.818 |
|
(e)
Short-term loans and advances |
1149.302 |
1182.275 |
904.314 |
|
(f)
Other current assets |
0.000 |
0.319 |
0.388 |
|
Total
Current Assets |
4508.953 |
6044.513 |
5500.640 |
|
|
|
|
|
|
TOTAL |
4993.737 |
6546.461 |
5924.393 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUE |
1182.463 |
1054.014 |
1007.704 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
182.719 |
103.820 |
246.221 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
70.271 |
36.483 |
79.607 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
112.448 |
67.337 |
166.614 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
367.589 |
NA |
NA |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.61 |
14.74 |
36.46 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
1.751 |
2.001 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.68 |
1.59 |
4.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.09 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.66 |
0.33 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.11 |
1.13 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
456.975 |
456.975 |
456.975 |
|
Reserves & Surplus |
584.941 |
652.278 |
764.726 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1041.916 |
1109.253 |
1221.701 |
|
|
|
|
|
|
Long-term borrowings |
1.757 |
0.000 |
0.000 |
|
Short term borrowings |
238.468 |
364.850 |
803.645 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
2.001 |
1.751 |
0.000 |
|
Total
borrowings |
242.226 |
366.601 |
803.645 |
|
Debt/Equity ratio |
0.232 |
0.330 |
0.658 |
%20PRIVATE%20LIMITED%20-%20328853_MIRA%2024-Jun-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Revenue |
1007.704 |
1054.014 |
1182.463 |
|
|
|
4.596 |
12.187 |
%20PRIVATE%20LIMITED%20-%20328853_MIRA%2024-Jun-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Revenue |
1007.704 |
1054.014 |
1182.463 |
|
Profit |
166.614 |
67.337 |
112.448 |
|
|
16.53% |
6.39% |
9.51% |
%20PRIVATE%20LIMITED%20-%20328853_MIRA%2024-Jun-2015_files/image019.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 |
Yes |
|
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 |
No |
|
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 |
Yes |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10516326 |
19/08/2014 |
400,000,000.00 |
CITI BANK N.A. |
FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH
FLOOR, |
C17737321 |
|
2 |
10478644 |
19/08/2014 * |
250,000,000.00 |
THE SOUTH INDIAN BANK LIMITED |
FORT BRANCH, EMCA HOUSE, GROUND FLOOR, 289,
S B S |
C40807711 |
|
3 |
10338787 |
19/02/2014 * |
400,000,000.00 |
CITIBANK N.A. |
TRENT HOUSE,2ND FLOOR, G BLOCK, PLOT
NO.C60, BANDRA |
B98762040 |
|
4 |
10266465 |
12/01/2011 |
5,000,000.00 |
THE FEDERAL BANK LIMITED |
CORPORATE BANKING BRANCH, 32, BOMBAY
SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B05335922 |
|
5 |
10249407 |
15/10/2010 |
900,000.00 |
THE FEDERAL BANK LIMITED |
CORPORATE BANKING BRANCH, 32, BOMBAY
SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A97825129 |
|
6 |
10183014 |
06/10/2009 |
105,000,000.00 |
THE FEDERAL BANK LIMITED |
32, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA
- 400001, INDIA |
A72331705 |
|
7 |
80015906 |
30/06/2012 * |
1,051,000,000.00 |
THE FEDERAL BANK LIMITED |
CORPORATE BANKING BRANCH, 32, MUMBAI
SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B43671460 |
* Date of charge modification
GENERAL INFORMATION
Subject is engaged in Air ticketing business. It also provides various services like Full fledged money changer, Visa Processing services, Outsource service provider for Insurance companies and other travel related services.
OPERATION
The members that all the branches are working properly and they expect the same in the coming years also.
FIXED ASSETS:
·
Buildings
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
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. 63.64 |
|
|
1 |
Rs. 100.41 |
|
Euro |
1 |
Rs. 71.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
48 |
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.