|
Report Date : |
12.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
FUTURE SHARP SKILLS LIMITED |
|
|
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Registered
Office : |
Knowledge House, Shyam Nagar, Off |
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Country : |
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Date of
Incorporation : |
30.09.2011 |
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Com. Reg. No.: |
11-222584 |
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Capital Investment
/ Paid-up Capital : |
Rs.200.000 Millions |
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CIN No.: [Company Identification
No.] |
U74120MH2011PLC222584 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF06505C MUMF06541D |
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PAN No.: [Permanent Account No.] |
AABCF8171B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Service Provider of Training and Skill Development. |
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No. of Employees
: |
16 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a joint venture between a Future Group and NSDC. Subject is a relatively new company and yet to establish itself. It has
commenced its commercial activities from April 2012. Trade relations are
fair. Business is active. Payments are unknown. The company can be considered for business dealings with some
cautions. |
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 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Mahesh |
|
Designation : |
Manager |
|
Contact No.: |
91-7498437282 |
|
Date : |
11.06.2012 |
LOCATIONS
|
Registered Office : |
Knowledge House, Shyam Nagar, Off |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7498437282 [Mr. Mahesh] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate Office : |
Future Retail Home Office, Tower C, 247, Park, LBS Marg, Vikhroli
(West), Mumbai-400083, |
|
Tel. No.: |
91-22-61994125 |
DIRECTORS
As on 28.09.2011
|
Name : |
Mr. Rajesh Ramjilal Kalyani |
|
Designation : |
Director |
|
Address : |
Flat No. 1506, Obeoi Park, View Tower – A, Thaku Village, Western
Express Highway, Kandivali (West), Mumbai-400101, Maharashtra, India |
|
Date of Birth/Age : |
08.10.1969 |
|
Din No.: |
00220632 |
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|
|
|
Name : |
Mr. Tarun Bhargava |
|
Designation : |
Director |
|
Address : |
1103 A, Tower 2, Dheeraj Gaurav Heights, Adarsh Nagar, Andheri (West),
Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1970 |
|
Din No.: |
03529700 |
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|
|
|
Name : |
Mr. Ravishanker Madhusudan Kejriwal |
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Designation : |
Director |
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Address : |
55/1, Alok Apartments, J.B. Nagar, Andheri (East), Mumbai-400059, |
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Date of Birth/Age : |
06.09.1968 |
|
Din No.: |
03541229 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh |
|
Designation : |
Manager |
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|
Name : |
Mr. Muralidhar Rao |
|
Designation : |
Chief Executive Officer |
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|
Name : |
Mr. Venkata Subramanian |
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Designation : |
Chief National Operation – Skill Development and Employability |
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Name : |
Ms. Aditi Banerjee |
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Designation : |
Chief Marketing Department |
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|
Name : |
Mr. Subramanian Seshadri |
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Designation : |
National Head, Channel |
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|
Name : |
Mr. Goutam Roy |
|
Designation : |
Chief Operating Officer |
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Name : |
Mr. Kurien C.K. |
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Designation : |
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|
Name : |
Mr. Pankil Shah |
|
Designation : |
Centre Head, |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Future Human Development Limited, |
|
49994 |
|
Virendra Samani |
|
1 |
|
Anant Gude |
|
1 |
|
Sanjay Rathi |
|
1 |
|
Kuldeep Sharma |
|
1 |
|
Deepak Tanna |
|
1 |
|
Vimal Dhruve |
|
1 |
|
|
|
|
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Total |
|
50000 |
As on 09.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Future Human Development Limited, |
|
14550000 |
|
National Skill Development Corporation, |
|
5400000 |
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|
|
|
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Total |
|
19950000 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider of Training and Skill Development. |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
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Customers : |
Others [Corporate] |
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No. of Employees : |
16 [Approximately] |
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Bankers : |
Axis Bank, Mumbai, |
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Banking
Relations : |
-- |
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Financial Institution : |
National Skill Development Corporation, D-4, Clarion Collection,
Shaheed Jeet Singh Marg, New Delhi-110016, |
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Auditors : |
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Name : |
GMJ and Company Chartered Accountants |
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Holding Company : |
Future Human Development Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info
Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
BANKERS CHARGES REPORT
AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U74120MH2011PLC222584 |
|
Name of the
company |
FUTURE SHARP
SKILLS LIMITED |
|
Address of the
registered office or of the principal place of business in |
Knowledge House, Shyam Nagar, Off |
|
Type of charge |
Book Debts Movable Property Others |
|
Particular of
charge holder |
National Skill Development Corporation, D-4, Clarion Collection,
Shaheed Jeet Singh Marg, New Delhi-110016, |
|
Email |
|
|
Nature of description
of the instrument creating or modifying the charge |
Loan Agreement
dated 22nd December, 2011 and Deed of Hypothecation dated 12th March, 2012 |
|
Date of
instrument Creating the charge |
12.03.2012 |
|
Amount secured by
the charge |
Rs.380.000 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 6% per annum Terms of
Repayment The Repayment
period is 10 years including moratorium period of 5 years. Margin Nil Extent and
Operation of the charge First Charge on
both present and future on Acquired Assets comprising of movable project
assets, tangible moveable assets, book debts and receivables in relation to
Project. |
|
Short particulars
of the property charged |
First Charge on
both present and future on Acquired Assets comprising of movable project
assets, tangible moveable assets, book debts and receivables in relation to
the Project. |
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.23 |
|
|
1 |
Rs.85.93 |
|
Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.