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|
%20PRIVATE%20LIMITED%20%20-%20494043%2003-Mar-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20%20-%20494043%2003-Mar-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20%20-%20494043%2003-Mar-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
494043 |
|
Report Date : |
03.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MAKEMYTRIP (INDIA) PRIVATE LIMITED [w.e.f. 28.06.2002] |
|
|
|
|
Formerly Known
As : |
MAKEMYTRIP.COM PRIVATE LIMITED [w.e.f.
02.08.2000] TRAVEL BY WEB PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
UG-7, (Front Side), TDI Mall, Rajouri Garden, New Delhi -110027 |
|
Tel. No.: |
91-124-4395000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
13.04.2000 |
|
|
|
|
Com. Reg. No.: |
55-105210 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2597.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63040DL2000PTC105210 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM5146R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in the business of selling travel products and solutions. The Company offers its customers the entire gamut of travel services including ticketing, tours and packages, hotels etc. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
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 2977000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is subsidiary of “MakeMyTrip Limited” based in Mauritius and
it was incorporated in the year 2000. As per financials of March 2017, the company has registered a healthy
growth in its revenue but has reported losses. Rating takes into consideration the company’s established track record
of business operations marked by healthy capital base along with low solvency
indicators and decent liquidity position. Rating also takes into account the strong financial and managerial
support received from its holding entity. However, rating strength is partially offset by negative reserves of
the company. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
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
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 03.03.2018.
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.: 91-124-4395000)
LOCATIONS
|
Registered Office : |
UG-7, (Front Side), TDI Mall, Rajouri Garden, New Delhi – 110027,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Plot No. 103, Tower A, S P Infocity, Udyog Vihar Phase – 1, Gurugram – 122016,
Haryana, India |
|
Tel. No.: |
91-124-4395000 |
|
Fax No.: |
91-124-4395100 |
|
|
|
|
Corporate Office: |
19th Floor-Tower B, Building No.5 (Epitom), DLF Cyber City,
DLF Phase III, Gurgaon – 122002 |
|
|
|
|
|
|
|
Branch Office: |
Located At:
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Kamal Kishore Avutapalli |
||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||
|
Address : |
Flat No 801, Abhas Apartment, Post Office Road, Opposite Sector 56, Police Station, Sector 56 Gurugram – 122011, Haryana, India |
||||||||||||
|
Date of Birth/Age : |
08.07.1981 |
||||||||||||
|
Qualification: |
Company Secretary |
||||||||||||
|
Date of Appointment : |
12.04.2016 |
||||||||||||
|
DIN No.: |
02055596 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Indresh Kumar Gupta |
||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||
|
Address : |
Flat No. D-1003, GPL Eden Heights, Sector 70, Gurugram – 122101, Haryana, India |
||||||||||||
|
Date of Birth/Age : |
20.07.1981 |
||||||||||||
|
Qualification: |
Chartered Accountant |
||||||||||||
|
Date of Appointment : |
12.04.2016 |
||||||||||||
|
PAN No.: |
ADTPG2976R |
||||||||||||
|
DIN No.: |
07488823 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Krishna Chandra Nayak |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
1042, Ground Floor, Maruti Vihar Chakkarpur, Gurugram – 122002, Haryana, India |
||||||||||||
|
Date of Birth: |
20.04.1978 |
||||||||||||
|
Date of Appointment : |
29.09.2017 |
||||||||||||
|
DIN No.: |
07951173 |
||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vikash Kumar Tiwari |
|
Designation : |
Company Secretary |
|
Address : |
A-11, Associated Apartments, I P Extension Opposite Pankaj Plaza Market Delhi - 110092, Delhi, India |
|
Date of Appointment : |
21.04.2016 |
|
PAN No.: |
AEUPT6586L |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
MakeMyTrip Limited, Mauritius |
|
259777020 |
|
MakeMyTrip Inc., USA* |
|
2 |
|
Total |
|
259777022 |
Note: *MakeMyTrip Inc., USA is 100% subsidiary of
MakeMyTrip Limited, Mauritius
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Bodies corporate] |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20%20-%20494043%2003-Mar-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of selling travel products and solutions. The Company offers its customers the entire gamut of travel services including ticketing, tours and packages, hotels etc. (Registered Activity) |
||||||||||
|
|
|
||||||||||
|
Products / Services
: |
|
||||||||||
|
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|
||||||||||
|
Brand Names : |
Not Available |
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|
||||||||||
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Agencies Held : |
Not Available |
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|
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Exports : |
Not Available |
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|
|
|
||||||||||
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Imports : |
Not Available |
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|
|
|
||||||||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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|
No. of Employees : |
Not Available |
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|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
BSR and Associates Chartered Accountants |
|
Address : |
Building No.10, 8th Floor, Tower B, DLF Cyber City, Phase –
II, Gurugram- 122002, Haryana, India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
· MakeMyTrip Limited, Mauritius |
|
|
|
|
Subsidiary company: |
· MakeMyTrip Travel Services Private Limited, India [CIN No. U62200DL2014PTC274624] |
|
|
|
|
|
|
|
Fellow Subsidiary
companies : |
· Easy To Book Service B.V. , Netherlands · EasyToBook Travel Services Private Limited, India [CIN No.U63000DL2014FTC274611] · Bona Vita Technologies Private Limited (w.e.f. 30.7.2015) [CIN No. U72900DL2015PTC281687] · IBIBO Group Private Limited (w.e.f. 31.01.2017) [CIN No. U72900DL2012PTC233343] · MakeMyTrip Inc. United States · Luxury Tours and Travel Private Limited, Singapore · Luxury Tours (Malaysia)Sdn.Bhd., Malaysia · (Malaysia) SDN. Bhd. Malaysia · Hotel Travel Limited, Malaysia · HTN Company Limited, Thailand · ITC Bangkok Company Limited, Thailand · MakeMyTrip FZ-LLC, United Arab Emirates |
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital: INR 2700.000 Million
Issued, Subscribed & Paid-up Capital: INR 2660.586
Million
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
260000000 |
Equity Shares |
INR 10/- each |
INR 2600.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
259777022 |
Equity Shares |
INR 10/- each |
INR 2597.770 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2597.800 |
2513.600 |
2309.300 |
|
(b) Reserves and Surplus |
(1555.900) |
(1346.800) |
(968.300) |
|
(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) |
1041.900 |
1166.800 |
1341.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
33.900 |
29.200 |
22.200 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
2363.400 |
2515.300 |
1851.700 |
|
(d) long-term
provisions |
126.900 |
123.600 |
166.200 |
|
Total Non-current
Liabilities (3) |
2524.200 |
2668.100 |
2040.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
473.900 |
0.000 |
|
(b) Trade
payables |
2723.000 |
2818.700 |
2519.600 |
|
(c) Other
current liabilities |
3666.100 |
3178.300 |
2166.400 |
|
(d) Short-term
provisions |
140.000 |
293.700 |
151.000 |
|
Total Current
Liabilities (4) |
6529.100 |
6764.600 |
4837.000 |
|
|
|
|
|
|
TOTAL |
10095.200 |
10599.500 |
8218.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
622.400 |
544.300 |
387.200 |
|
(ii)
Intangible Assets |
622.700 |
550.700 |
468.000 |
|
(iii) Tangible assets
capital work-in-progress |
176.700 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
105.100 |
143.800 |
69.300 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
1276.500 |
991.000 |
789.300 |
|
(e) Other
Non-current assets |
676.600 |
679.600 |
6.400 |
|
Total Non-Current
Assets |
3480.000 |
2909.400 |
1720.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
50.000 |
50.000 |
50.000 |
|
(b)
Inventories |
7.200 |
28.900 |
113.200 |
|
(c) Trade
receivables |
1461.400 |
1320.000 |
1549.500 |
|
(d) Cash and
bank balances |
2122.200 |
2621.400 |
2182.200 |
|
(e)
Short-term loans and advances |
2971.400 |
3641.200 |
2544.300 |
|
(f) Other
current assets |
3.000 |
28.600 |
58.700 |
|
Total
Current Assets |
6615.200 |
7690.100 |
6497.900 |
|
|
|
|
|
|
TOTAL |
10095.200 |
10599.500 |
8218.100 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
25271.200 |
19188.100 |
15726.300 |
|
|
Other Income |
55.800 |
61.800 |
124.600 |
|
|
TOTAL |
25327.000 |
19249.900 |
15850.900 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
9571.000 |
9603.000 |
8737.600 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
3388.300 |
2577.400 |
2049.100 |
|
|
Other expenses |
16900.100 |
10243.800 |
4739.100 |
|
|
TOTAL |
29859.400 |
22424.200 |
15525.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(4532.400) |
(3174.300) |
325.100 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.100 |
21.400 |
12.100 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(4553.500) |
(3195.700) |
313.000 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
569.500 |
317.300 |
254.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(5123.000) |
(3513.000) |
58.300 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(5123.000) |
(3513.000) |
58.300 |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS)
PER SHARE (INR) |
(20.06) |
(14.93) |
0.26 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
14.600 |
10.000 |
6.600 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(4022.200) |
(2621.900) |
273.800 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(4143.800) |
(2803.500) |
72.800 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
21.11 |
25.11 |
35.96 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
17.29 |
14.54 |
10.15 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
103.84 |
107.14 |
105.25 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(629.50) |
(109.84) |
2.87 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(2.97) |
(2.56) |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.65 |
0.64 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.05 |
0.44 |
0.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
6.27 |
5.80 |
3.61 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.47 |
1.06 |
0.69 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(214.81) |
(148.33) |
26.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
(20.27) |
(18.31) |
0.37 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(50.75) |
(33.14) |
0.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(491.70) |
(301.08) |
4.35 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.01 |
1.14 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.01 |
1.13 |
1.32 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.10 |
0.11 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.02 |
0.20 |
0.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.01 |
1.14 |
1.34 |
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 |
2309.300 |
2513.600 |
2597.800 |
|
Reserves & Surplus |
(968.300) |
(1346.800) |
(1555.900) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1341.000 |
1166.800 |
1041.900 |
|
|
|
|
|
|
Long-term borrowings |
22.200 |
29.200 |
33.900 |
|
Short term borrowings |
0.000 |
473.900 |
0.000 |
|
Current maturities of
long-term debts |
6.600 |
10.000 |
14.600 |
|
Total
borrowings |
28.800 |
513.100 |
48.500 |
|
Debt/Equity
ratio |
0.021 |
0.440 |
0.047 |
%20PRIVATE%20LIMITED%20%20-%20494043%2003-Mar-2018_files/image022.gif)
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
|
15726.300 |
19188.100 |
25271.200 |
|
|
0.000 |
22.013 |
31.702 |
%20PRIVATE%20LIMITED%20%20-%20494043%2003-Mar-2018_files/image024.gif)
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
|
15726.300 |
19188.100 |
25271.200 |
|
Profit/Loss |
58.300 |
(3513.000) |
(5123.000) |
|
|
0.37
% |
(18.31
%) |
(20.27
%) |
%20PRIVATE%20LIMITED%20%20-%20494043%2003-Mar-2018_files/image026.gif)
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2597.800 |
2513.600 |
|
(b) Reserves and Surplus |
|
(1553.400) |
(1346.400) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1044.400 |
1167.200 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
33.900 |
29.200 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
2363.400 |
2515.300 |
|
(d) long-term
provisions |
|
126.900 |
123.600 |
|
Total Non-current
Liabilities (3) |
|
2524.200 |
2668.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
473.900 |
|
(b) Trade
payables |
|
2723.300 |
2819.000 |
|
(c) Other
current liabilities |
|
3666.100 |
3178.300 |
|
(d) Short-term
provisions |
|
140.000 |
294.300 |
|
Total Current
Liabilities (4) |
|
6529.400 |
6765.500 |
|
|
|
|
|
|
TOTAL |
|
10098.000 |
10600.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
622.400 |
544.300 |
|
(ii)
Intangible Assets |
|
622.700 |
550.700 |
|
(iii) Tangible assets
capital work-in-progress |
|
176.700 |
0.000 |
|
(iv)
Intangible assets under development |
|
105.100 |
143.800 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
1276.500 |
991.000 |
|
(e) Other
Non-current assets |
|
676.600 |
679.600 |
|
Total Non-Current
Assets |
|
3480.000 |
2909.400 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
7.200 |
28.900 |
|
(c) Trade receivables |
|
1461.400 |
1320.000 |
|
(d) Cash and
bank balances |
|
2173.200 |
2671.400 |
|
(e)
Short-term loans and advances |
|
2971.600 |
3640.400 |
|
(f) Other
current assets |
|
4.600 |
30.700 |
|
Total
Current Assets |
|
6618.000 |
7691.400 |
|
|
|
|
|
|
TOTAL |
|
10098.000 |
10600.800 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
25271.200 |
19188.100 |
|
|
Other Income |
|
59.400 |
64.400 |
|
|
TOTAL |
|
25330.600 |
19252.500 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
9571.000 |
9603.000 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Employee benefit expense |
|
3388.300 |
2577.400 |
|
|
Other expenses |
|
16900.500 |
10244.100 |
|
|
TOTAL |
|
29859.800 |
22424.500 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
(4529.200) |
(3172.000) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
21.100 |
21.500 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(4550.300) |
(3193.500) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
569.500 |
317.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(5119.800) |
(3510.800) |
|
|
|
|
|
|
|
Less |
TAX |
|
1.100 |
0.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(5120.900) |
(3511.600) |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (INR) |
|
(20.05) |
(14.92) |
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 |
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
The Company”) was incorporated on 13 April, 2000 as a private limited company in New Delhi, India. The Company is a subsidiary of MakeMyTrip Limited, Mauritius. The Company is engaged in the business of selling travel products and solutions. The Company offers its customers the entire gamut of travel services including ticketing, tours and packages, hotels etc.
INDEX OF CHARGE:
|
S N o |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G47623632 |
100107489 |
HDFC BANK LIMITED |
06/06/2017 |
- |
- |
537000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
|
2 |
G45325362 |
100101377 |
HDFC BANK LIMITED |
20/04/2017 |
- |
- |
2550000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
|
3 |
G41215310 |
100090216 |
HDFC BANK LIMITED |
31/03/2017 |
- |
- |
7266000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
|
4 |
G41215914 |
100090217 |
HDFC BANK LIMITED |
31/03/2017 |
- |
- |
7266000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
|
5 |
G41214743 |
100090214 |
HDFC BANK LIMITED |
29/03/2017 |
- |
- |
1270000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
|
6 |
G39037940 |
100085208 |
HDFC BANK LIMITED |
08/03/2017 |
- |
- |
2878000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
|
7 |
G38293270 |
100083117 |
HDFC BANK LIMITED |
21/02/2017 |
- |
- |
1000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
|
8 |
G41360355 |
100090736 |
HDFC BANK LIMITED |
20/02/2017 |
- |
- |
1000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
|
9 |
G33276817 |
100071817 |
HDFC BANK LIMITED |
31/12/2016 |
- |
- |
649000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
|
10 |
G33388356 |
100072376 |
HDFC BANK LIMITED |
31/12/2016 |
- |
- |
3118000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
The Company is in litigations at different levels on certain income-tax matters and service tax matters for various assessment years. While the ultimate outcome of the above mentioned litigations cannot be ascertained at this stage, based on current knowledge of the applicable law, management believes that these proceedings should not have a material adverse impact on the Company’s financial statements or its business operations. Claims under the Income Tax Act, 1961 and service tax matters, not acknowledged as debt by the Company are detailed below:
(INR in million)
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
-Income tax matters: |
|
|
|
|
Litigations |
|
|
|
|
Tax liability on account of disallowance of certain expense and additional income |
Assessment Year 2010-11 |
81.600 |
81.600 |
|
Tax liability on account of disallowance of certain expense and additional income |
Assessment Year 2011-12 |
952.700 |
952.700 |
|
Tax liability on account of disallowance of certain expense and additional income |
Assessment Year 2012-13 |
905.500 |
905.500 |
|
Tax liability on account of disallowance of certain expense and additional income |
Assessment Year 2013-14 |
912.400 |
912.400 |
|
Service tax liability on account of various service tax issues |
Financial Year 2005-12 |
1702.600 |
1702.600 |
|
Service tax liability on account of various service tax issues |
Financial Year 2007-12 |
31.300 |
31.300 |
|
Service tax liability on account of various service tax issues |
Financial Year 2012-13 |
134.900 |
134.900 |
|
Service tax liability on account of various service tax issues |
Financial Year 2010-15 |
674.400 |
674.400 |
Long-Term investment (including current portion thereof) are carried at cost less any other-than-temporary diminution in value, determined separately for each individual investment.
Current investment are carried at the lower of cost and fair value. The comparison of cost and fair value is done separately in respect of each category of investments i.e., equity shares, preference shares, convertible debentures etc. Any reduction in the carrying amount and any reversals of such reduction are charged are credited to the Statement of Profit and Loss.
FIXED ASSETS:
Tangible Assets
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipment’s
· 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 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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
PJP |
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.