Fly-Hi Maritime Travels Ltd
Our company manages end to end travel arrangements for crew of commercial shipping companies, ensuring that the crew members move seamlessly from their home country to the port of boarding. We manage their airline tickets, ground travel, hotel stay, visa application etc until they reach the desired port of boarding. Every movement of the crew members directly impacts the vessel schedules, compliances and operations. Our role is to absorb this complexity on behalf of shipping companies by planning and making end to end travel arrangements for the crew members and by offering them 24/7 support during their travel from their home country to the port of boarding. Modern shipping fleets operate with crew of mixed nationalities and therefore each crew member has to have a tailor made travel itinerary to ensure their arrival to the port of boarding as per the desired time and schedule. We work with commercial shipping companies to move their crew from countries to the port of boarding, we have commercial shipping companies as our customers from more than 6 countries. We offer the following services to the commercial shipping companies for their crew travel.
Timeline
Subscription
Reports
Offer Details
Terms
Application Sizes
Managers & Registrar
Ownership & Proceeds
Offer for Sale
Shareholding
Objects of the Issue
- Funding Working Capital Requirements of the Company
- Repayment and/or pre-payment, in part, of borrowing availed by its Company
- Towards Talent Acquisition for Business Marketing and Development activities
- General Corporate Purposes
Anchor Book
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 48 | 45 | 45 | 62 |
| Operating ProfitCr | 6 | 3 | 5 | 13 |
| OPM% | 12.3 | 6.1 | 12.0 | 20.6 |
| PBTCr | 6 | 3 | 5 | 11 |
| PATCr | 4 | 2 | 3 | 8 |
| EPS | 4,331 | 1,821 | 3 | 8 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 5 |
| ReservesCr | 4 | 6 | 10 | 13 |
| BorrowingsCr | 3 | 5 | 10 | 13 |
| Total AssetsCr | 14 | 16 | 23 | 38 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 3 | 0 | 1 | -1 |
| Investing Cash FlowCr | 0 | -1 | -5 | -1 |
| Financing Cash FlowCr | 0 | 0 | 5 | 2 |
| Net Cash FlowCr | 3 | 0 | 1 | 0 |
Strengths & Risks
- Proven Track Record.
- Experienced Management.
- Establish Relationship with Customers.
- Skilled and hardworking force.
- Distributor for better customer servicing.
- Business operations in outside India.
- Appointing Distributors.
- Digital Tools for Efficient Operations.
- Onboarding Customers from Different Industry Segment.
- Expanding in International Markets.
- The company derives a significant portion of revenue from markets outside India and any adverse developments in such markets or policies could adversely affect its business and results of operations.
- The company has executed agreements with its large clients. If the company's customers choose not to source their requirements from it, or the company is unable to procure new orders on a regular basis or at all, this may adversely affect its business, financial condition, results of operations and cash flows.
- The Company's operations requires significant amount of working capital for a continuing growth. Its inability to meet the company's working capital requirements may adversely affect its results of operations.
- The Company has delayed in complying with certain statutory provisions under various laws. Such delayed compliance/lapses may attract certain penalties.
- There are certain discrepancies and non-compliances pertaining to GST, TDS, TCS, EPF and ESI noticed in some of the company's financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
- The company requires working capital for its smooth day-to-day operations of business and any discontinuance or its inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on the company's operations, profitability and growth prospects.