MIRA
INFORM REPORT
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Report Date : |
14.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALPHA FUTURE AIRPORT RETAIL PRIVATE LIMITED |
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Registered Office : |
Knowledge House, Shyamnagar, Jogeshwari Vikhroli Link Road, Mumbai –
400 060, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
17.11.2006 |
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Com. Reg. No.: |
165 612 |
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CIN No.: [Company
Identification No.] |
U93090MH2006PTC165612 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA28970E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader and Importer of Liquor Tobacco, Perfumes, Confectionery
Lifestyle Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject: is a joint-venture between Alpha Overseas Holdings, UK and
Future Group of India and running a shop at the Indira Gandhi International
Airport, New Delhi. The company claims to have done sizeable business in the
very first year of its operations. Trade relations are fair. Business is
active. Payments are reported as usually correct and as per commitments. The company can be considered good for normal business dealings in
view of strong promoters. |
INFORMATION PARTED
BY
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Name : |
Mr. Rajesh Madan |
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Designation : |
Senior Accounts Manager |
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Contact No.: |
91-9818011409 |
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Date : |
13.08.2008 |
LOCATIONS
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Registered Office : |
Knowledge House, Shyamnagar, Jogeshwari Vikhroli Link Road, Mumbai –
400 060, Maharashtra, India |
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E-Mail : |
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Ware House : |
Okhla Industries Area, New Delhi – 110095, India |
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Location : |
Rented |
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Factory : |
Satyalakshmi Vinayaka Towers, Madhuranagar, Visakhapatnam – 502 300,
Andhra Pradesh, India |
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Corporate Office : |
Plot No. 82, Sector – 32, Gurgaon – 122 001,
Haryana, India |
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Tel. No.: |
91-124-4641362/ 4641362 |
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Fax No.: |
91-124-4641001 |
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Area : |
3000 Sq. ft. |
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Location : |
Rented |
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Shop : |
Indira Gandhi International Airport, New Delhi – 110095, India |
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Area : |
5000 Sq. ft. |
DIRECTORS
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Name : |
Mr. Mayur Toshniwal |
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Designation : |
Director |
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Qualification : |
MBA |
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Experience : |
20 Years |
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Name : |
Mr. Paul Topping |
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Designation : |
Director |
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Qualification : |
MBA |
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Experience : |
30 Years |
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Name : |
Mr. Petter Williams |
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Designation : |
Director |
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Name : |
Mr. Krishnakant Rathi |
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Designation : |
Director |
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Address : |
B-72, Dakshina Park, Plot No. 15, N S Road, 10th JVPD
Scheme, Mumbai – 400 049, Maharashtra, India |
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Date of Birth/Age : |
30.12.1961 |
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Date of Appointment : |
17.11.2006 |
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Other Directorship : |
Home Solutions Retail (India) Limited U52330MH2004PLC148956 Indivision Investment Advisors Limited U67190MH2005PLC157444 Foot-Mart Retail India Limited U51909MH2005PLC157355 Future Bazaar India Limited U51900MH2006PLC159197 Convergem Retail (India) Limited U52110<H2006PLC159581 Future Logistic Solutions Limited U63030MH2006PLC160376 Future Capital Investment Private Limited U99999MH2006PTC159513 Future Ideas Company Limited U74140MH2006PLC159526 Sain Marketing Network Private Limited U51909MH2005PTC151869 KB Infin Limited U29120MH2005PLC156795 Shendra Infrastructure Development Limited U45200MH2005PLC157267 Future Media (India) Limited U74300MH2006PLC160375 ETAM Future Fashions Private Limited U51909MH2006PTC164092 Central Departmental Stores Private Limited U51909MH2006PTC164209 Future Generali India Assurance Company Limited U66010MH2006PLC165288 |
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Name : |
Mr. Chandra Prakash Toshniwal |
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Designation : |
Director |
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Address : |
A-603, Great Eastern Link, Ram Mandir Road, Goregaon (West), Mumbai –
400 104, Maharashtra, India |
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Date of Birth/Age : |
29.09.1966 |
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Qualification : |
CA |
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Experience : |
25 Years |
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Date of Appointment : |
17.11.2006 |
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Other Directorship : |
Pantaloon Food Products (India) Limited U15100MH2005PLC152599 Pan India Restaurants Limited U55101MH2005PLC151089 Future Bazaar India Limited U51900MH2006PLC159197 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 14.11.2006
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Names of Shareholders |
No. of Shares |
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Mr. Krishnakant Rathi |
9999 |
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Mr. Ravindra Gupta |
1 |
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Total |
10000 |
LIST OF ALLOTTEES
As on 15.01.2007
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Names of Allottees |
No. of Shares |
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Pantaloon Retail (India) Limited |
4860800 |
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Alpha Overseas Holdings |
4870800 |
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Total |
9731600 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Liquor Tobacco, Perfumes, Confectionery
Lifestyle Products. |
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Imports : |
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Countries : |
v Scotland v UK v All over the
world |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Credit ( 90 days) |
GENERAL
INFORMATION
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Customers : |
v End Users |
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No. of Employees : |
Total : 250 (Office : 50, Shop : 200) |
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Bankers : |
HDFC Bank |
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Auditors : |
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Name : |
Price Water house Coopers Chartered Accountants |
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Other Directorship : |
Home Solutions Retail (India) Limited U52330MH2004PLC148956 Indivision Investment Advisors Limited U67190MH2005PLC157444 Foot-Mart Retail India Limited U51909MH2005PLC157355 Future Bazaar India Limited U51900MH2006PLC159197 Convergem Retail (India) Limited U52110<H2006PLC159581 Future Logistic Solutions Limited U63030MH2006PLC160376 Future Capital Investment Private Limited U99999MH2006PTC159513 Future Ideas Company Limited U74140MH2006PLC159526 Sain Marketing Network Private Limited U51909MH2005PTC151869 KB Infin Limited U29120MH2005PLC156795 Shendra Infrastructure Development Limited U45200MH2005PLC157267 Future Media (India) Limited U74300MH2006PLC160375 ETAM Future Fashions Private Limited U51909MH2006PTC164092 Central Departmental Stores Private Limited U51909MH2006PTC164209 Future Generali India Assurance Company Limited U66010MH2006PLC165288 Pantaloon Food Products (India) Limited U15100MH2005PLC152599 Pan India Restaurants Limited U55101MH2005PLC151089 Future Bazaar India Limited U51900MH2006PLC159197 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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12,000,000 |
Equity shares |
Rs. 10/- each |
Rs. 120.000 millions |
Issued, Subscribed & Paid-up Capital :
Not Available
FINANCIAL DATA
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Particulars |
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31.03.2008 |
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Sales Turnover |
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25 million
dollar |
Expected Sales (2008-09): 50 million dollar
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v
Diageo – UK
v
Cadbury – UK
v
Nestle - UK
As Per Website Details
Designing and Implementation of policies related
to payments and account settlement. Formulation of provisions for various
direct expenses of the organization. Finance processes from reconciliation,
reports generation till auditing. Creating product cost setup, implementing
internal checks and control, generating financial reports for statutory
submission, fixed assets register, inventory control, invoicing, general
ledger, payable and receivable accounts.
Developing MIS and financial reports linked
with weekly and monthly financial reports, daily sales report,promotional
activities report, supplier related sales data generation, etc. Making sales
report and promotional reports.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 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 :
The 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.
The 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.67 |
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UK Pound |
1 |
Rs. 80.92 |
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Euro |
1 |
Rs. 63.71 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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52 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, they have no basis upon which to
recommend credit dealings |
No Rating |
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