MIRA
INFORM REPORT
|
Report No. : |
347379 |
|
Report Date : |
31.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
EZEEGO ONE TRAVEL AND |
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|
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Formerly Known
As : |
EZEEGO ONE TRAVEL AND TOURS PRIVATE LIMITED (w.e.f. 13.03.2008) EZEEGO ONE TRAVELS AND TOURS PRIVATE LIMITED EZEEGO ONE TRAVEL PRIVATE LIMITED |
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Registered
Office : |
1st Floor, |
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Tel. No.: |
91-22-22024135 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.01.2006 |
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Com. Reg. No.: |
11-158683 |
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Capital
Investment / Paid-up Capital : |
Rs.1.136 Million |
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CIN No.: [Company Identification
No.] |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUME06445F |
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PAN No.: [Permanent Account No.] |
AABCE5758R |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Online Travel Portal. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated on 6th January, 2006. It has
moderate track record. Networth of the company has been eroded due to continuous accumulated
loss which has incurred from its operations. However, business is active. Payment are slow and delayed. The company can be considered for business dealing on a safe and
secured trade term 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Govind |
|
Designation : |
Accountant |
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Contact No.: |
91-9820582505 |
|
Date : |
28.10.2015 |
LOCATIONS
|
Registered Office : |
1st Floor, Cecil Court, Lansdowne Road, Coloba, Mumbai –
400039, Maharashtra, India |
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Tel. No.: |
91-22-22024135/ 61968888/ 66723333 |
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Mobile No.: |
91-9820582505 (Mr. Govind) |
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Fax No.: |
91-22-29203267 |
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E-Mail : |
agents.registration@ezeego1.com
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|
Website : |
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|
Area : |
15000 Sq. ft. |
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Location : |
Owned |
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Head Office : |
Classic Centre, 4th Floor, B-Wing, Mahal Industrial Estate,
Mahakali Caves Road, Andheri (East), Mumbai - 400059, Maharashtra, India |
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Tel. No.: |
91-22-67309400/ 61969696 |
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Fax No.: |
91-22-26879965/ 66 |
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Branch offices : |
Located At: ·
Delhi ·
Kolkata ·
Chennai ·
Bangalore |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Venkataraman Karthik |
|
Designation : |
Director |
|
Address : |
Flat No. 15, Arun – A, Plot No. 278, Aggarwal Estate, Mogul Lane,
Matunga (West), Mumbai – 400016, Maharashtra, India |
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Date of Birth/Age : |
05.11.1973 |
|
Date of Appointment : |
20.08.2013 |
|
DIN No.: |
02180044 |
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|
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Name : |
Mr. Arup Sen |
|
Designation : |
Director |
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Address : |
51, Jaldarshan, Nepeansea Road, Mumbai – 400036, Maharashtra, India |
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Date of Birth/Age : |
16.01.1957 |
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Date of Appointment : |
06.01.2006 |
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DIN No.: |
00035405 |
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|
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|
Name : |
Mrs. Neelu Singh |
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Designation : |
Director |
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Address : |
B-607, Sunset, Raheja Vihar, Chandivali Studio, Powai, Mumbai –
400072, Maharashtra, India |
|
Date of Birth/Age : |
28.10.1972 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02072705 |
KEY EXECUTIVES
|
Name : |
Mr. Govind |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Urrshila Ajit Kerkar |
|
46667 |
|
Ajay Ajit Peter Kerkar |
|
3333 |
|
Cox and Kings Limited, |
|
9000 |
|
Neelu Singh |
|
500 |
|
Pratima Alvares |
|
200 |
|
Peter Fernandes |
|
200 |
|
Sunil Menon |
|
200 |
|
Coad Management Mauritius Limited, Mauritius |
|
53500 |
|
|
|
|
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Total |
|
113600 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
47.10 |
|
Bodies corporate |
7.92 |
|
Directors or relatives of Directors |
0.43 |
|
Other top fifty shareholders |
44.55 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Online Travel Portal. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
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Auditors : |
|
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Name : |
Motilal and Associates Chartered Accountants |
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Address : |
11/13, M.K. Amin Marg, 1st Floor, Bora Bazar, Mumbai – 400001,
Maharashtra, India |
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Tel. No.: |
91-22-22663526 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AHEPJ9550F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary company
: |
·
Forever Travel Distribution Private Limited CIN No.: U63040MH2004PTC147239 |
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Related Party : |
·
Ezeego One Travel and Tours Limited, (United
States of America) |
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Enterprise over which key Management Personnel exercise significant influence
: |
·
Cox and Kings Limited ·
Sneh Sadan Graphics Services |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
113600 |
Equity Shares |
Rs. 10/- each |
Rs. 1.136
Million |
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|
|
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 |
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|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
1.136 |
1.136 |
1.136 |
|
(b) Reserves & Surplus |
(2611.699) |
(2507.079) |
(2251.424) |
|
(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) |
(2610.563) |
(2505.943) |
(2250.288) |
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
100.000 |
100.000 |
100.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.091 |
13.080 |
0.000 |
|
Total Non-current Liabilities (3) |
107.091 |
113.080 |
100.000 |
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(4) Current Liabilities |
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|
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|
(a) Short term borrowings |
2319.798 |
1818.849 |
2229.469 |
|
(b) Trade payables |
1092.963 |
705.936 |
867.062 |
|
(c) Other current
liabilities |
883.253 |
886.087 |
540.492 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
4296.014 |
3410.872 |
3637.023 |
|
|
|
|
|
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TOTAL |
1792.542 |
1018.009 |
1486.735 |
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II.
ASSETS |
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|
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(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
69.912 |
111.728 |
157.104 |
|
(ii) Intangible Assets |
37.450 |
49.579 |
38.878 |
|
(iii) Capital
work-in-progress |
7.174 |
5.604 |
114.361 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
55.010 |
55.010 |
55.010 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
20.562 |
22.310 |
22.677 |
|
Total Non-Current Assets |
190.108 |
244.231 |
388.030 |
|
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|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
998.995 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
370.729 |
535.542 |
842.698 |
|
(d) Cash and cash
equivalents |
36.143 |
37.866 |
44.746 |
|
(e) Short-term loans and
advances |
180.790 |
186.369 |
197.775 |
|
(f) Other current assets |
15.777 |
14.001 |
13.486 |
|
Total Current Assets |
1602.434 |
773.778 |
1098.705 |
|
|
|
|
|
|
TOTAL |
1792.542 |
1018.009 |
1486.735 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
929.555 |
939.598 |
782.116 |
|
|
|
Other Income |
7.343 |
5.629 |
2.671 |
|
|
|
TOTAL (A) |
936.898 |
945.227 |
784.787 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
218.524 |
242.190 |
233.150 |
|
|
|
Administrative and Selling Expenses |
377.715 |
505.385 |
656.867 |
|
|
|
Prior Period Expenses |
0.806 |
9.569 |
0.000 |
|
|
|
TOTAL (B) |
597.045 |
757.144 |
890.017 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
339.853 |
188.083 |
(105.230) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
391.663 |
383.249 |
307.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(51.810) |
(195.166) |
(412.801) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
52.809 |
60.489 |
28.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(104.619) |
(255.655) |
(441.068) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(104.619) |
(255.655) |
(441.068) |
|
|
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(920.95) |
(2250.48) |
(3882.65) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
543.010 |
530.706 |
(776.843) |
|
Net cash generated by Operating Activities |
888.658 |
702.596 |
(223.628) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(11.25) |
(27.21) |
(56.39) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
36.56 |
20.02 |
(13.45) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.05) |
(26.70) |
(33.48) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.10 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(0.93) |
(0.77) |
(1.04) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.37 |
0.23 |
0.30 |
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 |
1.136 |
1.136 |
1.136 |
|
Reserves & Surplus |
(2251.424) |
(2507.079) |
(2611.699) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(2250.288) |
(2505.943) |
(2610.563) |
|
|
|
|
|
|
long-term borrowings |
100.000 |
100.000 |
100.000 |
|
Short term borrowings |
2229.469 |
1818.849 |
2319.798 |
|
Total
borrowings |
2329.469 |
1918.849 |
2419.798 |
|
Debt/Equity
ratio |
(1.035) |
(0.766) |
(0.927) |
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) |
|
Sales |
782.116 |
939.598 |
929.555 |
|
|
|
20.135 |
(1.069) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
782.116 |
939.598 |
929.555 |
|
Profit |
(441.068) |
(255.655) |
(104.619) |
|
|
(56.39%) |
(27.21%) |
(11.25%) |
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 |
Yes |
|
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 |
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 |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
12% Fully
Convertible Debentures |
100.000 |
100.000 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Other loans and advances taken |
|
|
|
- From related
party |
221.593 |
187.507 |
|
- From others |
2098.205 |
1631.342 |
|
|
|
|
|
Total |
2419.798 |
1918.849 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10559345 |
13/03/2015 |
1,500,000,000.00 |
Axis Bank Limited |
C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli,
Mumbai- 400025, Maharashtra, India |
C49195282 |
* Date of charge modification
FIXED ASSETS:
·
Computers
·
Furniture and Fixtures
·
Office Equipments
·
Leasehold Premises
·
Intangible Assets - Trade
Marks
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.65.22 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
13 |
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.