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Fortune Financial Services India Ltd.

Main Activities: Investment Brokerage and Other Financial Investments

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Company Information

Full name
Fortune Financial Services India Ltd.

Legal Address
2nd Floor K K Chambers, Sir P T Marg Fort , ; Mumbai; Maharashtra; 400001
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : INE924D01017
Financial Auditors: Nipun Sudhir & Associates (2011)

Tel: 022-2207 7931 /32 /33 /34 /35

Company Description

Fortune Financial Services (India) Ltd. is listed on the Bombay Stock Exchange Ltd and is SEBI registered Category I Merchant Banker. It has recently got approval from SEBI to launch its Portfolio Management Services (PMS). FFSIL has four business verticals viz. Fortune Equity Brokers (India) Limited, Fortune Commodities & Derivatives (India) Ltd., Fortune Credit Capital Ltd. and Fortune Financial India Insurance Brokers Limited.

Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues decreased with -12.09%, from INR 91.4 tens of millions to INR 80.35 tens of millions. The results of the period reached INR -2.01 tens of millions at the end of the period against INR 11.71 tens of millions last year. Return on equity (Net income/Total equity) went from 10.06% to -1.67%, the Return On Asset (Net income / Total Asset) went from 3.12% to -0.55% and the Net Profit Margin (Net Income/Net Sales) went from 12.81% to -2.50% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 217.49% compared to 224.43% of last year.

Key Executives

Mr. J T Poonja Executive Chairman
Mr. Gyan Mohan Chief Executive Director
Mr. Vishal Trehan Chief Executive Director
Mr. Naveen Sharma Executive President
Mr. S Kalyanasundaram Executive President
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Balance Sheet

Shareholders Equity

12

12

* All the accounts are in INR.
Income Statement

Total Operating Revenue

46

30

Net Profit (Loss)

-5

-3

* All the accounts are in INR.
Ratios
Profitability Ratios

Return on Equity (ROE)

-41.46%

-29.11%

Annualised Return on Equity (ROE)

-55.28%

-58.22%

Return on Sales (ROS)

100%

100%