Comparative Study of Balance Sheet 2018-19

Onshore Company: Off Shore Fixed Wing

a. Heritage, a. Global Vectra Club One Air
b. Himalyan b. Heligo Charters
c. OSS Air
d. Chipsan Aviation

Particulars OSS Heligo Global Heritage Himalyan Chipsan Clubone

Vectra Heli (Ar
Airways)
Number of 4 11 29 7 7 2 7
Operating
Helicopters
Total 57.35 196.71 485.19 64.51 59.46 57.34 110.16
Revenue (In
crores)
Total 54.06 182.44 480.02 64.38 58.78 52.28 126.71
Expenses
(In crores)
Profit 3.29 14.27 5.17 0.13 (13 0.68 5.06 -16.55
Before Tax Lakh)
(In crores)
Profit as % 5.74 % 7.25% 1.07% 0.20% 1.14% 8.82% -15%
of revenue
*Global Vectra has reclassified its instruments after the gross profit therefore the total of its Tax and exceptional
items increase by 9.74 crore and this figure is positive and a major portion of Net Profit.

Aircraft/ Helicopters Status YOM

Company/Year 0-5 6-10 10-15 >15 Total
OSS 0 1 1 2 4
Heligo 2 3 6 0 11
GVL 3 4 10 12 29
Himalyan Heli 2 5 0 0 7
Chipsan 0 2 0 0 2
AR Airways/ 0 5 3 0 8
Club One
 Operation Revenue Comparison

Company 2018 2019 Growth in %

(In Crores) (In Crores)
OSS 25.55 57.03 123.21 %
Heligo 171.64 195.29 13.78 %
GVL 404.34 480.31 18.79 %
Heritage 40.59 63.75 57.06 %
Himalayan 55.16 59.09 7.12 %
Heli
Chipsan 43.71 57.18 30.59%
Club One 81.09 109.08 34.52%

Maintenance Expenses Comparison

Company 2018 2019 Increase in

(In Crores) (In Crores) %
OSS 0.11 1.32 1088 %
Heligo 42.71 51.08 20 %
GVL 67.24 113.80 60 %
Heritage 0.45 4.42 882 %
Chipsan 0.75 1.43 90.67%

Other Expenses Comparison

Company 2018 2019 Increase in

(In Crores) (In Crores) %
OSS 0.70 1.69 141.43 %
Heligo 13.26 15.47 16.67 %
GVL 81.20 92.11 13.44 %
Heritage 46.04 64.37 39.81 %
Himalyan 36.42 40.48 11.15%
Chipsan 1.19 3.79 218.49%
Clubone 49.64 75.25 51.59%