MIRA
INFORM REPORT
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Report Date : |
10.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
MEGA BLOCK INFRASTRUCTURE PRIVATE LIMITED |
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Registered Office : |
212, Unique Industrial Estate, Veer Savarkar Marg, Prabhadevi, Mumbai
– 400030, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
27.03.2007 |
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Com. Reg. No.: |
169220 |
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CIN No.: [Company
Identification No.] |
U51432MH2007PTC169220 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM34369G |
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PAN No.: [Permanent
Account No.] |
AAPFM0607A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Light Weight Concrete Blocks. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and commenced operations just about a week
back. However the company expects a turnover of Rs.100 Millions in the very
first year of its operations. Trade relations are fair. No complaints have
been heard against the subject from market sources. As it is a new company, slight caution is to be exercised while
dealing with the subject, initially. |
INFORMATION PARTED
BY
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Name : |
Mr. Raj Bajaj |
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Designation : |
Father of Director |
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Date : |
08.10.2008 |
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Name : |
Ms. Sheetal |
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Designation : |
Operator |
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Date : |
08.10.2008 |
LOCATIONS
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Registered Office : |
212, Unique Industrial Estate, Veer Savarkar Marg, Prabhadevi, Mumbai
– 400030, Maharashtra, India |
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Tel. No.: |
91-22-24223838 |
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Fax No.: |
91-22-40329945 |
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E-Mail : |
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Area : |
600 sq. ft. |
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Location : |
Owned by the director |
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Administrator Office : |
406, Business Classic Complex, Chincholi Bunder Road, Junction of S V
Road, Malad (West), Mumbai – 400064, Maharashtra, India |
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Tel. No.: |
91-22-40038989 |
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Fax No.: |
91-22-28806000 |
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E-Mail : |
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Factory : |
Gat No.671, Village Biloshi, Talukawada District, Thane, Maharashtra, India
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Tel No.: |
91-2526-645144 |
DIRECTORS
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Name : |
Mr. Jogesh Bajaj |
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Designation : |
Director |
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Address : |
1001, C Block Indralok Lokhandwala Complex, Opposite Swamy Samarth Mandir,
Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
16.02.1975 |
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Qualification : |
Production Engineer |
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Name : |
Mr. Girish Shetty |
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Designation : |
Director |
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Address : |
402, 4th Floor, Blue Bird, Near Telephone Exchange Off V.
S. Marg, Mumbai – 400028, Maharashtra, India |
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Date of Birth/Age : |
24.06.1978 |
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Qualification : |
Production Engineer |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 20.03.2007)
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Names of Shareholders |
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No. of Shares |
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Jogesh Bajaj |
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5000 |
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Girish C. Shetty |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Light Weight Concrete Blocks. |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Builders |
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No. of Employees : |
10 |
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Bankers : |
G-4, Poonam Chambers, Dr. A. B. Road, Worli, Mumbai - 400018, Maharashtra,
India |
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Facilities : |
CC – Rs.50.000 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Prakash Shetty and Associates Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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FINANCIAL DATA
[all figures are in Rupees Millions]
This Company has started their work a week before
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCE:
- ACC Cement Limited
- Manigar Concret, Manigar
- Vasavadatta Cement
FORM 8:
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Corporate
identity number of the company |
U51432MH2007PTC169220 |
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Name of the
company |
MEGA BLOCK INFRASTRUCTURE PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
212, Unique Industrial Estate, Veer Savarkar Marg, Prabhadevi, Mumbai
– 400030, Maharashtra, India |
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This form is for |
Creation of charge |
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Type of charge |
Immovable
Property Movable Property Fixed Assets |
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Particular of
charge holder |
Vijay Bank G-4, Poonam Chambers, Dr. A. B. Road, Worli, Mumbai - 400018,
Maharashtra, India |
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Nature of
instrument creating charge |
Memorandum of
deposit of title deeds Articles of
Agreement Hypothecation
Agreement (All the above
agreement constitute a single charge) |
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Date of
instrument Creating the charge |
25.03.2008 |
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Amount secured by
the charge |
Rs.32.725
Millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of
Interests: ROI 14.00%
(Subject to charge) and/or stipulated by bank from time to time. Terms of
Repayment: 84 EMI and/or
stipulated by bank from time to time. Margin: As stipulated by
bank from time to time. Extent and
Operation of the charge: First Charge
(Present and Future) = Total Limit Rs.32.725 Millions (Mortgage Loan
Rs.12.080 Millions and Secured Loan = Rs.20.645 Millions)(Sub Lmit FLC =
Rs.11.500 Millions Other: As Stipulated
bank from time to time and as per agreement and as per sanction letter of the
Bank. |
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Particulars of
the property charged |
First Charge
(Present and Future) Hypothecation of Plant and Machinery (installed or to be
installed) Imported as well as indigenously including importerd and purchases
under LC Bank finance/ Mortgages Loan/ Secured Loan, EMTD of Land and BLD
Existing and or to be construction on gut No.666,668,673,670,671,652 situated
at village boloshi Tal Wada , District Thane |
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 :
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.74 |
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UK Pound |
1 |
Rs.85.19 |
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Euro |
1 |
Rs.66.12 |
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, we have no basis upon which to
recommend credit dealings |
No Rating |
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