1. Summary Information
|
|
|
Country |
|
|
Company Name |
FUTURE POINT
PRIVATE LIMITED |
Principal Name 1 |
Mrs Abha Bansal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Anubhav Bansal |
|
|
|
Registration # |
55-027603 |
|
Street Address |
211 Sidharth Enclave, |
||
|
Established Date |
14.04.1987 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Service Provider |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,600,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors (100.00%) |
Banking |
Indian Bank |
|
Public Limited Corp. |
No |
Business Period |
13 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (32) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,174,000 |
Current Liabilities |
7,341,000 |
|
Inventories |
4,460.000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
2,859,000 |
Other Liabilities |
411,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
7,752,000 |
|
Invest& other Assets |
511,000 |
Retained Earnings |
1,652,000 |
|
|
|
Net Worth |
3,252,000 |
|
Total Assets |
11,004,000 |
Total Liab. & Equity |
11,004,000 |
|
Total Assets (Previous Year) |
9,689,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
144,000 |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
NA |
|
Report Date : |
06.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
FUTURE POINT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
211 Sidharth Enclave, New Delhi-110014, Delhi |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.04.1987 |
|
|
|
|
Com. Reg. No.: |
55-027603 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.1.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1987PTC027603 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELF02496E/DELF001A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACS4737E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Online Horoscope and Developing Astrology Software. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 13000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track records. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow and correct. The company can be considered for small 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
211 Sidharth Enclave, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
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|
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|
Head Office : |
X – 35, Okhla Industrial Area, Phase –II, |
|
Fax No.: |
91-11-40541001 |
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Branches : |
D – 68, Hauz Khas |
|
Fax No.: |
91-11-40541021 |
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E-Mail : |
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|
|
|
Branches : |
H 1/A 1, Hauz Khas, |
|
Tel. No.: |
91-11-40541020 |
|
Fax No.: |
91-11-40541021 |
DIRECTORS
(AS ON 30.09.2011 )
|
Name : |
Mrs Abha Bansal |
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|
Address : |
211, Sidharth Enclave |
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|
Designation : |
Director |
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Date of Appointment : |
01.04.1997 |
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Din Number: |
01510985 |
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Name : |
Mr. Anubhav Bansal |
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|
Address : |
211, Sidharth Enclave |
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|
Designation : |
Director |
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Date of Appointment : |
16.09.2011 |
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Din Number: |
01512556 |
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Other
Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 16.09.2011 )
|
Names of Shareholders |
|
No. of Shares |
|
Arun Bansal |
|
1450 |
|
Abha Bansal |
|
4550 |
|
Anubhav Bansal |
|
9000 |
|
Deepak Garg |
|
1000 |
|
|
|
|
|
Total |
|
16000 |
(AS ON 30.09.2011 )
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Online Horoscope and Developing Astrology Software. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
H. C. Agrawal and Associates Chartered Accountant |
|
Address : |
101 – 102, 1st Floor, Rohit House, 3, Tolstoy Marg, Connaught
Place, New Delhi, - 110001, India |
|
Tel. No.: |
91-11-46454545/46 |
|
Fax No.: |
91-11-46454548 |
|
Pan Number: |
AAAFH2806F |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000 |
Equity Share |
Rs.100/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16,000 |
Equity Share |
Rs.100/- each |
Rs. 1.600
Millions |
|
|
|
|
|
FINANCIAL DATA
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.600 |
1.500 |
1.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.652 |
1.217 |
1.103 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.252 |
2.717 |
2.603 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
2.575 |
4.293 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.275 |
4.293 |
|
|
DEFERRED TAX LIABILITIES |
0.276 |
0.268 |
0.227 |
|
|
|
|
|
|
|
|
TOTAL |
3.528 |
5.560 |
7.123 |
|
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|
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APPLICATION OF FUNDS |
|
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|
FIXED ASSETS [Net Block] |
2.859 |
2.689 |
2.964 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
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|
|
|
|
|
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INVESTMENT |
0.511 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.460
|
4.124 |
4.162 |
|
|
Sundry Debtors |
1.590
|
1.586 |
2.249 |
|
|
Cash & Bank Balances |
0.835
|
0.306 |
1.346 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.749
|
0.984 |
0.786 |
|
Total
Current Assets |
7.634
|
7.000 |
8.543 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
2.663
|
1.825 |
2.049 |
|
|
Other Current Liabilities |
4.678
|
1.599 |
1.610 |
|
|
Provisions |
0.135
|
0.705 |
0.725 |
|
Total
Current Liabilities |
7.476
|
4.129 |
4.384 |
|
|
Net Current Assets |
0.158
|
2.871 |
4.159 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.528 |
5.560 |
7.123 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
0.213 |
0.221 |
0.302 |
|
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|
Less |
TAX (H) |
0.067 |
NA |
NA |
|
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PROFIT AFTER TAX
(G-H) (I) |
0.145 |
NA |
NA |
|
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|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.04 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.02
|
2.28 |
2.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.08 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.30
|
1.52 |
1.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02
|
1.70 |
1.95 |
LOCAL AGENCY FURTHER INFORMATION
Financial Results
The company has earned a Profit of Rs. 0.213 Millions/- (Before Tax) as
against year Profit of Rs.0.221 (After
tax). The directors are hopeful that the company in the forthcoming years will
show better results as compared to the current year.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74899DL1987PTC027603 |
|
Name of the
company |
FUTURE POINT
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
211SIDHARTH ENCLAVE |
|
This form is for |
Creation of charge |
|
Type of charge |
Others |
|
Particular of
charge holder |
Indian Bank 106-107, |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Movables-D101 |
|
Date of instrument
Creating the charge |
28.12.2009 |
|
Amount secured by
the charge |
Rs. 3.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 11% Terms of Repayment As per Agreement Margin As per Agreement Extent and Operation of the charge As per Agreement |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
X-35, Okhla
Industrial Phase –ii, Okhla New Delhi Basement of D-86,
Hauz Khas, |
Fixed Assets
·
Air Conditioner
·
Batteries
·
Car Ford Ikon
·
Car Innova
·
Car SX4
·
Cellular Phone
·
Computer & Printer
·
Electrical Equipment
·
Electronic Equipment
·
Epabx
·
Fire extinguisher
·
Furniture
·
Generator
·
Lamination Machine
·
Mineral Water Machine
·
Motor Car Account
·
Music System
·
Office Equipment
·
Projector
·
Software Package
·
Telephone and Fax Machine
·
Television
·
Time Machine
·
Weighting Machine
·
UPS
·
Winding Machine
·
Scooter
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] 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 51.05 |
|
|
1 |
Rs.81.09 |
|
Euro |
1 |
Rs. 67.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.