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Prepared BY : |
MIRA INFORM
PRIVATE LIMITED |
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Report Dated: |
03.10.2008 |
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Request Date : |
23.09.2008 |
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Requestor’s Name : |
Request of Ms.
Leena Patki |
Customer Details (As Provided by ACC)
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Customer Name : |
PRECIOUS REAL ESTATE
LIMITED |
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Registered Address : |
214, Laxmi Plaza, Laxmi Industries, Andheri (West),
Mumbai-400059, Maharashtra, India |
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Mobile No.: |
91-9321899731 |
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ROC NO: |
U70100MH2005PTC152911 |
PAN NO: |
AADCP5843J |
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TAN NO: |
MUMP23093A |
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Verified Details
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Name : |
LOTUS SPACES PRIVATE
LIMITED |
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Formerly Known As: |
PRECIOUS REAL ESTATE
LIMITED |
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Registered Address : |
214, Laxmi Plaza, Laxmi Industries, Andheri (West),
Mumbai-400059, Maharashtra, India |
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Ownership Status |
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Specify- |
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Sector |
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Details on Line of
Business |
Real Estate Developers |
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Major
promoter/ Owners/ Partners/ Directors: |
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Name ( Designation) |
Date of Birth |
Residential Address |
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Mr.Rajendra Chandanmal Baid Director w.e.f 29.04.2005 |
03.07.1960 |
1807,
18th Floor, Panchratna Building, Mama Parmanand Marg,
Mumbai-400004, Maharashtra, India |
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Mr.Balchand Harkchand Jain Director w.e.f 11.10.2006 |
8.10.1971 |
B-2504,
Obroi Garden, Thakur Village, Kandivali (East), Mumbai-400101, Maharashtra,
India |
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Mr. Chanmal Sohnlal Baid Director w.e.f 05.09.2005 |
08.06.1935 |
1807,
18th Floor, Panchratna Building, Mama Parmanand Marg,
Mumbai-400004, Maharashtra, India |
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Mrs.Madhulika Rajendra Baid Directro w.e.f 30.10.2008 |
20.12.1962 |
A1/12,
11th Prithvi Apartment, 21, Atlamount Road, Mumbai-400026,
Maharashtra, India |
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Mr. Sohanlal Chananmal Baid Director w.e.f. 05.11.2005 |
08.06.1935 |
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Mr. Ashok Kumar Agarwal Director w.e.f 07.06.2007 |
10.02.1965 |
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Mr. Sunil Goyal Director w.e.f 07.06.2007 |
04.10.1967 |
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Litigation (against the company or
its promoters) |
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Political Connections
Found: |
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Criminal Connections Found: |
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Details of Sister Concern |
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·
Best Deal Properties Private Limited
U70100MH2005PTC151505 |
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·
Reliable Instuance Consultants Private Limited
U67200MH2003PTC139189 |
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·
Matan Properties Private Limited U7010MH2005PTC150748 |
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·
Illusion Securities Private Limited U67120MH1995PTC087855 |
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BUSINESS DETAILS
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Bankers |
The
Shamrao Vithal Co-operative Bank Limited, Maker Tower ‘East’, First Floor,
Cuffe Parade, Mumbai-400005, Maharashtra, India |
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Trade
Creditors Reference |
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Name of Trade Creditor
(1) |
Not
Available |
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Behaviour |
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Comments |
Credit
days being offered: Credit
Limit being offered: Average
days taken to make payments: Other:
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Name of Trade Creditor
(2) |
Not
available |
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Behaviour |
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Comments |
Credit
days being offered: Credit
Limit being offered: Average
days taken to make payments: Other: |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share
Application Money |
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4.900 |
0.000 |
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3] Reserves
& Surplus |
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0.012 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
[0.015] |
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NETWORTH
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5.012 |
0.085 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured
Loans |
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53.414 |
1.641 |
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TOTAL
BORROWING
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53.414 |
1.641 |
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TOTAL
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52.426 |
1.726 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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0.000 |
0.000 |
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Capital work-in-progress
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0.000 |
0.000 |
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INVESTMENT
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0.000 |
0.000 |
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DEFERREX TAX ASSETS
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
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58.699 |
0.000 |
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Trade
Debtors
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0.000 |
0.000 |
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Cash & Bank Balances
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0.049 |
1.719 |
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Other Current Assets
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0.000 |
0.000 |
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Loans & Advances
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0.000 |
0.000 |
Total Current Assets
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58.748
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1.719
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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0.321 |
0.005 |
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Trade
Creditors
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0.000 |
0.000 |
Provisions
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0.012 |
0.000
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Total Current Liabilities
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0.333 |
0.005 |
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Net Current
Assets
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58.415 |
1.714 |
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MISCELLANEOUS EXPENSES
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0.011 |
0.012 |
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TOTAL
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52.426 |
1.726 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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0.000 |
0.000 |
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Other Income |
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0.041 |
0.000 |
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Total Income |
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0.041 |
0.000 |
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Profit/(Loss) Before Tax |
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0.041 |
[0.008] |
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Provision for Taxation |
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0.017 |
0.004 |
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Profit/(Loss) After Tax |
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0.024 |
[0.012] |
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Total Expenditure |
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0.000 |
0.008 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
PAT / Total Income
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(%) |
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58.53
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0.00 |
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Net Profit Margin
(PBT/Sales)
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(%) |
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0.00
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0.00 |
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Return on Total
Assets
(PBT/Total Assets}
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(%) |
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0.07
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[0.47] |
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Return on
Investment (ROI)
(PBT/Networth)
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0.01
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[0.09] |
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Debt Equity Ratio
(Total
Liability/Networth)
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10.72
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19.36 |
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Current Ratio
(Current
Asset/Current Liability)
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176.42
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3453.80 |
Vital Information
COMMENT:
Subject
is now known as Lotus Spaces Private Limited.
It
has yet to establish track.
No
payment records or bankers relations are known.
Initially,
it should be considered for any business dealings on safe and secured trade
terms and conditions.
HISTORY:
Date of Incorporation: 29.04.2005
Com. Reg. No.: 11-152911
Notes:
The Registered address of
the company has been shifted from 1807, Panchartna Opera House, Mama Parmanand
Road, Mumbai-400004, Maharashtra, India to present address. w.e.f 11.10.2006
LOCATIONS
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Registered Office Tel. No.: |
91-22-66914501 |
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Mobile No.: |
91-9321899731 |
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Registered Office Fax No.: |
91-22-66914503 |
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E-Mail : |
MAJOR
SHAREHOLDERS / SHAREHOLDING PATTERN
AS
ON
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Names of Shareholders |
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No. of Shares |
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Chandanmal
Rajendra Baid |
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235000 |
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Sohanlal
Chandnmal Baid |
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90000 |
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Illusion
Securities Private Limited |
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175000 |
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Total |
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500000 |
AS
ON 13.07.2007
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List of Allottees |
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No. of Shares Allotted |
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Chandanmal
Rajendra Baid |
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230300 |
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Sohanlal
Chandnmal Baid |
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88200 |
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Illusion
Securities Private Limited |
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171500 |
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Total |
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490000 |
AS
ON 30.09.2007
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Bodies corporate |
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35.00 |
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Directors or relatives of directors |
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65.00 |
AUDITORS
J.K. Shah and Company
Chartered Accountant
439, Kalbadevi Road, Room
No. 5, 3rd Floor, Mumbai-400002, Maharashtra, India
Balwant and Company
Chartered Accountant
Subeamj Chamber, Ground
Floor, Opposite Liberty Cinema, New Marine Lines, Mumbaiu-400020, Maharashtra,
India
CAPITAL
STRUCTURE
AS ON 29.09.2007
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
Directorship
in other companies held by Mr. Balchand Jain is as follows:
·
Best Deal Properties Private Limited
U70100MH2005PTC151505
·
Matan Properties Private Limited
U7010MH2005PTC150748
·
Illusion Securities Private Limited
U67120MH1995PTC087855
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Reliable Instuance Consultants Private Limited
U67200MH2003PTC139189
Name
of Partnership Firm held by Mr. Balchand Jain is as Follows.
Bhalawat
and Company
Subeam Chamber, Ground Floor, Opposite Liberty
Cinema, New Marine Lines, Mumbai-400020, Maharashtra, India
Bankers Charges
Report as per Registry
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This
form is for |
Creation
of charge |
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Corporate
identity number of the company |
U70100MH2005PTC152911 |
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Name
of the company |
LOTUS
SPACES PRIVATE LIMITED |
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Address
of the registered office or of the principal place of business in India of the company |
214, Laxmi Plaza, Laxmi Industries, Andheri (West),
Mumbai-400059, Maharashtra, India |
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Type
of charge |
Movable
Property |
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Particular
of charge holder |
The
Shamrao Vithal Co-operative Bank Limited, Maker Tower ‘East’, First Floor,
Cuffe Parade, Mumbai-400005, Maharashtra, India |
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Nature
of description of the instrument creating or modifying the charge |
Common
Deed of Hypothecation of Stocks |
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Date
of instrument Creating the charge |
25.03.2008 |
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Amount
secured by the charge |
Rs.
120.000 Millions |
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Brief
particulars of the principal terms an conditions and extent and operation of
the charge |
Rate
of Interest Rate
of Interst PLR + 1.50% p.a. Margin
Margin
: 40% Extent
and Operation of the charge To
Secure the due repayment of Cash Credit facility of Rs. 120.000 Millions
granted by the Bank to the Company. |
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Short
particulars of the property charged |
All,
present and future, stocks of raw materials, stocks of construction material
at site, yet to be issued + stock of completed construction and stock of WIP,
Backed by Architect’s certificate etc. with all stores of the company. |