|
|
|
MIRA INFORM REPORT
|
Report No. : |
501732 |
|
Report Date : |
03.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
LE TRAVENUES TECHNOLOGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Second Floor, veritas Building, Sector 53, Golf Course Road, Gurugram
– 122002, Haryana |
|
Tel. No.: |
91-124-6682111 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.06.2006 |
|
|
|
|
Com. Reg. No.: |
05-071540 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.770 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300HR2006PTC071540 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL1932G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of running a global travel
search engines and providing information services for the travel industry.
(Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2006. The company is engaged in the
business of running a global travel search engine and providing information
services for the travel industry. The company is engaged in the business of running a global travel
search engines and providing information services for the travel industry. As per the financial of 2017, the company has achieved a massive
growth of 90.12% in its revenue as compared to the previous year’s revenue
but has incurred operational losses. The company possesses healthy financial position marked by sound net
worth base along with debt free balance sheet profile. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 03.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE: Tel. No.:
91-124-6682111
LOCATIONS
|
Registered Office : |
Second Floor, veritas Building, Sector 53, Golf Course Road, Gurugram
– 122002, Haryana, India |
|
Tel. No.: |
91-124-6682111 / 4617895 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Deep Kalra |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
J-6/11A, DLF Phase-II, Gurugram – 122001, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.03.2017 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00039609 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Aloke Bajpai |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
12A01/C1, Parsvnath Exotica, Sector-53, Golf Course Road,
Gurugram – 122011, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.06.1980 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2010 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00119037 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ravi Chandra Adusumalli |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
1045, Quarry Mountain Lane Park City UTAH 840986620 US |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.01.1976 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.06.2016 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00253613 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Frederic Lalonde |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
14 Plcae Cambrai Outremonte Quebec H2V1X5 CA |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.11.1973 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.06.2016 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00739136 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajnish Kumar |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
87 B, Road No. 1, New Patliputra Colony, Patna – 800013,
Bihar, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.11.1980 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02834454 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shailesh Lakhani |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
5685, Brightpool CR Mississauga Ontario L5M3W4 CA |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.10.2016 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03567739 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Tej Kapoor |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 677, Sector-15, Part-II, Gurugram – 122001,
Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.03.2017 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06863936 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Aloke Bajpai |
|
59305 |
|
Rajnish Kumar |
|
55705 |
|
Nitin Gurha |
|
1073 |
|
Parveen Kataria |
|
218 |
|
Shivaramakrishna Gopal |
|
402 |
|
MakeMy Trip Limited, Mauritius |
|
75617 |
|
Saif Partners India IV Limited, Mauritius |
|
221408 |
|
Abhay Jeet Gupta |
|
16 |
|
Ernesto Cohnen De La Camara, India |
|
1552 |
|
Fosun Kinzon Capital Pte. Limited, Singapore |
|
10 |
|
Kanchi Chawla |
|
61 |
|
Abhishek Sharma |
|
152 |
|
Micromax Informatics Limited, India |
|
100 |
|
Saurabh Devendra Singh |
|
407 |
|
Saurabh Srivastava |
|
557 |
|
Vishal Mishra |
|
30 |
|
Abhishek Arora |
|
190 |
|
SCI Investments Mauritius |
|
10 |
|
Total |
|
416813 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Micromax Informatics Limited, India |
|
48733 |
|
SCI Investments Mauritius |
|
147990 |
|
Fosun Kinzon Capital Pte. Limited, Singapore |
|
73986 |
|
Total |
|
270709 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
27.59 |
|
Promoter - Bodies
corporate |
71.57 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
1.12 |
|
Public - Bodies corporate |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of running a global travel search
engines and providing information services for the travel industry.
(Registered activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Associates LLP Chartered Accountants |
|
Address : |
Building No. 10, 8th Floor, Tower B, DLF Cyber City, Phase –
II, Gurugram – 122002, Haryana, India |
|
Tel. No.: |
91-124-7191000 |
|
Fax No.: |
91-124-2358613 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties : |
|
CAPITAL STRUCTURE
After 30.09.2017
Authorised Capital : INR 3.000 Million
Issued, Subscribed & Paid-up Capital : INR 1.784 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
100000 |
01% Cumulative preference Shares Series A |
INR 5/- each |
INR 0.500 Million |
|
300000 |
0.001% Cumulative preference Shares Series B |
INR 5/- each |
INR 1.500 Million |
|
|
Total |
|
INR 3.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
416813 |
Equity Shares |
INR 10/- each |
INR 0.417
Million |
|
48733 |
01% Cumulative preference Shares Series A |
INR 5/- each |
INR 0.244
Million |
|
221976 |
0.001% Cumulative preference Shares Series B |
INR 5/- each |
INR 1.110
Million |
|
|
Total |
|
INR 1.770 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.770 |
0.658 |
0.380 |
|
(b) Reserves & Surplus |
935.745 |
124.013 |
29.707 |
|
(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) |
937.515 |
124.671 |
30.087 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
6.492 |
0.133 |
0.116 |
|
(d) long-term provisions |
7.169 |
7.145 |
3.462 |
|
Total
Non-current Liabilities (3) |
13.661 |
7.278 |
3.578 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
31.000 |
|
(b) Trade payables |
41.665 |
24.489 |
7.725 |
|
(c) Other current liabilities |
19.785 |
28.310 |
21.484 |
|
(d) Short-term provisions |
2.052 |
1.964 |
1.140 |
|
Total
Current Liabilities (4) |
63.502 |
54.763 |
61.349 |
|
|
|
|
|
|
TOTAL |
1014.678 |
186.712 |
95.014 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5.207 |
6.233 |
3.541 |
|
(ii) Intangible Assets |
62.408 |
70.033 |
52.619 |
|
(iii) Capital work-in-progress |
23.975 |
5.161 |
6.562 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
22.177 |
19.539 |
10.254 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
113.767 |
100.966 |
72.976 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
330.000 |
10.557 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
71.255 |
40.893 |
9.194 |
|
(d) Cash and cash equivalents |
494.599 |
30.368 |
11.246 |
|
(e) Short-term loans and
advances |
2.892 |
3.346 |
1.092 |
|
(f) Other current assets |
2.165 |
0.582 |
0.506 |
|
Total
Current Assets |
900.911 |
85.746 |
22.038 |
|
|
|
|
|
|
TOTAL |
1014.678 |
186.712 |
95.014 |
PROFIT
& LOSS ACCOUNT
|
|
SALES |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
|
|
Income |
219.121 |
115.255 |
36.812 |
|
|
Other Income |
21.616 |
4.723 |
7.499 |
|
|
TOTAL
|
240.737 |
119.978 |
44.311 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
114.043 |
117.407 |
62.320 |
|
|
Other expenses |
286.023 |
137.913 |
48.566 |
|
|
TOTAL |
400.066 |
255.320 |
110.886 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(159.329) |
(135.342) |
(66.575) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.878 |
1.802 |
1.263 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(160.207) |
(137.144) |
(67.838) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
37.655 |
22.710 |
17.210 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(197.862) |
(159.854) |
(85.048) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(197.862) |
(159.854) |
(85.048) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(496.009) |
(336.155) |
(251.107) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(693.871) |
(496.009) |
(336.155) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Services Rendered |
23.655 |
25.396 |
12.361 |
|
|
TOTAL
EARNINGS |
23.655 |
25.396 |
12.361 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(476.53) |
(391.18) |
(223.81) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
187.058) |
(144.299) |
(63.773) |
|
Net cash flow from operating activity |
(186.748) |
(147.864) |
(64.737) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
118.69 |
129.50 |
91.16 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.08 |
2.82 |
4.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(1.74) |
(1.66) |
(1.06) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.06 |
0.29 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
1.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.07 |
0.44 |
2.04 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.10 |
0.65 |
2.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(181.47) |
(75.11) |
(52.71) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(90.30) |
(138.70) |
(231.03) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(19.50) |
(85.62) |
(89.51) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(21.10) |
(128.22) |
(282.67) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
14.19 |
1.57 |
0.36 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
14.19 |
1.57 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.92 |
0.67 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
81.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
14.19 |
1.57 |
0.36 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.380 |
0.658 |
1.770 |
|
Reserves & Surplus |
29.707 |
124.013 |
935.745 |
|
Net
worth |
30.087 |
124.671 |
937.515 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
31.000 |
0.000 |
0.000 |
|
Total
borrowings |
31.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
1.030 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
36.812 |
115.255 |
219.121 |
|
|
|
213.091 |
90.118 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
36.812 |
115.255 |
219.121 |
|
Profit/(Loss) |
(85.048) |
(159.854) |
(197.862) |
|
|
(231.03%) |
(138.70%) |
(90.30%) |
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 |
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:
Subject was incorporated on 3, June 2006 as a private limited company is
New Delhi, India. The company is engaged in the business of running a global
travel search engines and providing information services for the travel
industry. The Company operates www.ixigo.com
a web search engine that provides information across multiple airlines, hotels,
buses, trains and online travel agencies in real-time.
STATE OF COMPANY’S
AFFAIRS:
During the year, the company’s Gross Operating Revenue increased by 101%
i.e. INR 240.740 Million against the previous financial year turnover of INR
119.980 Million. The company incurred a Net loss of INR 197.860 Million, mainly
due to the increased in Sales d Marketing Expenses to INR 211.12 Million
increase in other Expenses to INR 74.900 Million and increase in depreciation
to INR 37.650 Million as compared to the previous year equivalent of INR 91.19
Million, INR 46.720 Million and INR 22.710 Million respectively. The directors
of the company are quite hopeful that the performance of the company will
improve in the coming years.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G75843201 |
100151911 |
KOTAK MAHINDRA BANK LIMITED |
29/01/2018 |
- |
- |
10000000.0 |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
2 |
G74079872 |
100148107 |
CITI BANK N.A. |
21/09/2017 |
- |
- |
30000000.0 |
Jeevan Bharti Building124 Connaught Circus, Connaught Place, New Delhi – 110001, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees issued by on behalf of the
company |
0.100 |
-- |
FIXED ASSETS
- Computers
- Office Equipment
- Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records 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 records 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
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.