MIRA INFORM REPORT
|
Report No. : |
343277 |
|
Report Date : |
30.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
YATRA ONLINE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.208/209, 2nd Floor, C Wing, Trade World Centre,
Kamla Mills, Senapati Bapat Marg, Lower Parwel (West), Mumbai – 400013,
Maharashtra |
|
Tel. No.: |
91-124-3040500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
28.12.2005 |
|
|
|
|
Com. Reg. No.: |
11-158404 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.63.510 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63040MH2005PTC158404 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMY01729A |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACY2602D |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of providing reservation and booking services relating to transport, travel, tours and tourism and developing customized solutions in the areas of transport, travel, tours and tourism for all types of travelers in India or abroad through the Internet, mobile, call-centre and retail lounges. |
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|
|
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No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is Indian online travel agency and a travel search engine in name
of “Yatra.com” it is an established company having moderate track record. The company has incurred continuous loss from its operations during
the years and rating is constrained on company moderate financial risk
profile along with modest capital structure. Rating, continues to constrain on stiff competition face by a company
in the online service industry through various organized and unorganized
players in the market. However, trade relations are fair. Business is active. Payment terms are
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
|
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-124-3040500)
LOCATIONS
|
Registered Office : |
Unit No.208/209, 2nd Floor, C Wing, Trade World Centre,
Kamla Mills, Senapati Bapat Marg, Lower Parwel (West), Mumbai – 400013,
Maharashtra, India |
|
Tel. No.: |
91-124-3040500 |
|
Fax No.: |
91-124-3040779 |
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E-Mail : |
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|
Website : |
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Corporate Office : |
1101-03, Tower-B, 11th Floor, Unitech Cyber Park, Sector – 39,
Gurgaon – 122002, Haryana, India |
|
Tel. No.: |
91-124-3040500 |
|
Fax No.: |
91-124-3040779 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Dhruv Shringi |
|
Designation : |
Director |
|
Address : |
C 84, Inder Puri, New Delhi – 110012, India |
|
Date of Birth/Age : |
14.07.1973 |
|
Qualification : |
CA, MBA |
|
Experience : |
21 Years |
|
Date of Appointment : |
27.06.2007 |
|
PAN No.: |
AJVPS1008C |
|
DIN No.: |
00334986 |
|
|
|
|
Name : |
Mr. Pramod Haque |
|
Designation : |
Director |
|
Address : |
13780 Saratoga, Avenue Saratoga, California – 95070, United States,
India |
|
Date of Birth/Age : |
20.04.1948 |
|
Date of Appointment : |
27.06.2007 |
|
DIN No.: |
00124717 |
|
|
|
|
Name : |
Mr. Sarbvir Jasbir Singh |
|
Designation : |
Director |
|
Address : |
House 46, Sector 37, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.09.1971 |
|
Date of Appointment : |
29.09.2010 |
|
DIN No.: |
00509959 |
|
|
|
|
Name : |
Mr. Amit Bapna |
|
Designation : |
Nominee Director |
|
Address : |
1801, 18th floor, Sumer Trinity Tower, 1, New Prabhadevi
Road, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
20.01.1975 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
00008443 |
|
|
|
|
Name : |
Mr. Sudhir Kumar Sethi |
|
Designation : |
Director |
|
Address : |
House No.632, 5th Cross, 12th Main, 4th Block, Koramangala, Bangalore- 560034, Karnataka, India |
|
Date of Appointment : |
29.09.2009 |
|
DIN No.: |
00747337 |
KEY EXECUTIVES
|
Name : |
Darpan Batra |
|
Designation : |
Secretary |
|
Address : |
50A, Block-R, Dilshad Garden, New Delhi – 110095, India |
|
Date of Birth/Age : |
26.03.1975 |
|
Date of Appointment : |
09.11.2011 |
|
PAN No.: |
AGFPB9734R |
|
|
|
|
Name : |
Mr. Alok Vaish |
|
Designation : |
Chief Financial Officer |
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|
|
|
Name : |
Mr. Manish Amin |
|
Designation : |
Chief Information Officer |
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|
|
|
Name : |
Mr. Srinivas Muktevi |
|
Designation : |
Chief Technology Officer |
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|
|
|
Name : |
Mr. Sharat Harishchander Dhall |
|
Designation : |
President Online |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2013
|
Names of Shareholders |
No. of Shares |
|
THCL Travel Holding Cyprus Limited, Cyprus |
5814425 |
|
Yatra Online Inc., Cayman Island |
1 |
|
Total |
5814426 |
Allottees as on 31.03.2014
|
Names of Allottees |
No. of Shares |
|
THCL Travel Holding Cyprus Limited, Cyprus |
15656 |
|
Asia Consolidated DMC Pte. Limited, Singapore |
520934 |
|
Total |
536590 |
Allottees as on 19.09.2014
|
Names of Allottee |
No. of Shares |
|
Asia Consolidated DMC Pte. Limited, Singapore |
23934 |
|
Total |
23934 |
As on 29.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of providing reservation and booking services relating to transport, travel, tours and tourism and developing customized solutions in the areas of transport, travel, tours and tourism for all types of travelers. |
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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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
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 management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Golf View Corporate Tower-B, Sector-42, Sector Road, Gurgaon -122002, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFS3421N |
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Holding Company : |
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Ultimate Holding Company
: |
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Associate : |
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Subsidiary company
: |
· Intech Hotel Solutions Private Limited CIN No.: U55101HR2008PTC038256 · TSI Yatra Private Limited CIN No.: U45030DL1996PTC076431 · TSI Holidays Private Limited CIN No.: U63090DL2003PTC119313 · TSI North East Travels Private Limited CIN No.: U74899DL1994PTC062345 · TSI Voyages Private Limited CIN No.: U74899DL1995PTC072325 · D.V.Travels Guru Private Limited CIN No.: U63040MH2005PTC257748 · Desiya Online Travel Distribution Private Limited CIN No.: U63040MH2004PTC217231 |
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|
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|
Fellow Subsidiary Company : |
· Yatra USA LLC · Asia Consolidated DMC Pte Limited |
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Joint Venture : |
Adventure and Nature Network Private Limited CIN No.: U63030HR2012PTC047095 |
CAPITAL STRUCTURE
After 29.09.2014
Authorised Capital : Rs.100.000 Million
Issued, Subscribed & Paid-up Capital : Rs.67.609
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,351,016 |
Equity Shares |
Rs. 10/- each |
Rs.63.510 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 |
63.510 |
58.144 |
54.850 |
|
(b) Reserves & Surplus |
2205.644 |
1656.735 |
1610.896 |
|
(c) Money received against share warrants |
30.000 |
30.000 |
30.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.002 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2299.156 |
1744.879 |
1695.746 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
193.567 |
11.498 |
10.100 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
594.334 |
925.583 |
0.000 |
|
(d)
long-term provisions |
7.452 |
2.498 |
2.835 |
|
Total
Non-current Liabilities (3) |
795.353 |
939.579 |
12.935 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
145.317 |
398.734 |
327.732 |
|
(b)
Trade payables |
919.797 |
794.875 |
1365.937 |
|
(c)
Other current liabilities |
1045.196 |
714.795 |
548.878 |
|
(d)
Short-term provisions |
21.012 |
23.607 |
14.611 |
|
Total
Current Liabilities (4) |
2131.322 |
1932.011 |
2257.158 |
|
|
|
|
|
|
TOTAL |
5225.831 |
4616.469 |
3965.839 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
70.616 |
102.111 |
116.114 |
|
(ii)
Intangible Assets |
162.822 |
35.069 |
21.513 |
|
(iii)
Capital work-in-progress |
8.981 |
43.106 |
37.911 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2158.340 |
1823.841 |
441.262 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
63.634 |
65.885 |
66.230 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2464.393 |
2070.012 |
683.030 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
1080.031 |
831.605 |
1085.258 |
|
(d)
Cash and cash equivalents |
1244.494 |
926.383 |
1230.786 |
|
(e)
Short-term loans and advances |
406.509 |
757.015 |
880.140 |
|
(f)
Other current assets |
30.404 |
31.454 |
86.625 |
|
Total
Current Assets |
2761.438 |
2546.457 |
3282.809 |
|
|
|
|
|
|
TOTAL |
5225.831 |
4616.469 |
3965.839 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1895.762 |
1624.016 |
1915.318 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
2297.691 (Including
financial and depreciation expenses) |
2301.710 |
2311.708 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(677.694) |
(396.390) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
20.029 |
43.453 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(697.723) |
(439.843) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
76.607 |
62.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(401.929) |
(774.330) |
(501.866) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(401.929) |
(774.330) |
(501.866) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales (billing) |
787.806 |
747.296 |
|
|
|
|
Other Commissions |
7.261 |
7.064 |
|
|
|
|
Income from support services |
34.404 |
64.731 |
|
|
|
TOTAL EARNINGS |
829.471 |
819.091 |
573.957 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(63.29) |
(133.17) |
(91.50) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
69.530 |
6.021 |
4.687 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
(179.334) |
145.142 |
(100.3337) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(13.14) |
(28.16) |
(14.39) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
(41.73) |
(20.70) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.17) |
(0.44) |
(0.30) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.18 |
0.24 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.32 |
1.45 |
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 |
54.850 |
58.144 |
63.510 |
|
Reserves & Surplus |
1610.896 |
1656.735 |
2205.644 |
|
Money received against share
warrants |
30.000 |
30.000 |
30.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.002 |
|
Net
worth |
1695.746 |
1744.879 |
2299.156 |
|
long-term borrowings |
10.100 |
11.498 |
193.567 |
|
Short term borrowings |
327.732 |
398.734 |
145.317 |
|
Total
borrowings |
407.362 |
416.253 |
343.571 |
|
Debt/Equity
ratio |
0.240 |
0.239 |
0.149 |
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 Income |
1915.318 |
1624.016 |
1895.762 |
|
|
|
(15.209) |
16.733 |
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 |
1915.318 |
1624.016 |
1895.762 |
|
Profit |
(501.866) |
(774.330) |
(401.929) |
|
|
(26.20%) |
(47.68%) |
(21.20%) |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
COMPANY OVERVIEW
The Company was incorporated on December 28, 2005. The Company is engaged in the business of providing reservation and booking services relating to transport, travel, tours and tourism and developing customized solutions in the areas of transport, travel, tours and tourism for all types of travellers in India or abroad through the Internet, mobile, call-centre and retail lounges.
FINANCIAL HIGHLIGHTS
The Board noted the increase in Total Income to the tune of 16.73% as compared to the last financial years Total Income. The Board also noted a significant decrease in loss for the year from Rs.774.329 Million for the previous period to Rs. 401.928 Million for the current period. The results reflect that the Company is steadily treading on the right path and is committed to achieve continuously better results going forward.
REVIEW OF BUSINESS
ACTIVITIES
During the year the Company has raised fresh equity investments to the tune of approximately Rs.1000.000 Million which shall be used to accelerate the Company’s growth plans in the process of achieving its goals. The instant funding has been led by a couple of new investors viz. IDG Ventures India and Vertex Venture Holdings.
Further, the Company met its funding requirements through a combination of short term and long term borrowings availed during the year.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10515773 |
26/07/2014 |
951,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
C17097502 |
|
2 |
10517753 |
24/06/2014 |
594,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
C18820332 |
|
3 |
10507347 |
11/06/2014 |
530,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C10077964 |
|
4 |
10480028 |
29/01/2014 |
1,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B97160873 |
|
5 |
10478864 |
29/01/2014 |
2,100,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B96820410 |
|
6 |
10461962 |
27/11/2013 |
250,000,000.00 |
SVB INDIA FINANCE
PRIVATE LIMITED |
12TH FLOOR,
EXPRESS TOWERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B90252222 |
|
7 |
10464583 |
18/11/2013 |
1,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B91136051 |
|
8 |
10462163 |
29/10/2013 |
540,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B90228677 |
|
9 |
10437864 |
10/06/2013 |
500,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B80023997 |
|
10 |
10412535 |
26/02/2013 |
2,009,700.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B70984554 |
|
11 |
10450452 |
29/12/2012 |
449,543.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B78875200 |
|
12 |
10450381 |
28/08/2012 |
620,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B78876539 |
|
13 |
10330483 |
24/12/2011 |
480,575.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B30119077 |
|
14 |
10311543 |
21/09/2011 |
2,175,502.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B23085137 |
|
15 |
10315767 |
19/04/2011 |
846,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B18563122 |
|
16 |
10314660 |
19/04/2011 |
1,131,808.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B18562181 |
|
17 |
10261212 |
14/12/2010 |
1,658,522.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B03073202 |
FIXED ASSETS
Tangible Assets
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Leasehold Improvements
Intangible Assets
· Computer 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.66.18 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.74.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
|
|
|
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
31 |
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.