MIRA
INFORM REPORT
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Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
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Name : |
LONGRANGE INFRASTRUCTURE PRIVATE LIMITED |
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Registered
Office : |
526/ 527, New Vyapar Bhavan, Masjid Bunder, Mumbai – 400 010, |
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Country : |
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Date of
Incorporation : |
24.07.2009 |
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Com. Reg. No.: |
194346 |
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CIN No.: [Company Identification
No.] |
U45400MH2009PTC194346 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Contractors and Developers |
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 : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself. The financials
of the company are awaited. Payment terms are not known. The company can be considered for business dealings on a secured 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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (General Details)
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Name : |
Mr. Yadav |
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Designation : |
Accounts Department |
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Contact No.: |
91-9752593588 |
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Date : |
15.03.2011 |
LOCATIONS
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Registered Office : |
526/ 527, New Vyapar Bhavan, Masjid Bunder, Mumbai – 400 010, |
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Tel. No.: |
91-22-40236502/ 507 |
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Mobile No.: |
91-9752593588 (Mr. Yadav) |
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E-Mail : |
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Corporate Office : |
3rd Floor, |
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Tel. No.: |
91-731-4063333 |
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Fax No.: |
91-731-4067252 |
DIRECTORS
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Name : |
Mr. Amit Pandey |
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Designation : |
Director |
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Address : |
Block No.2, 3rd Floor, Abbas Manzil, Opposite Cigarate
Factory, Sahar Road, Chakala, Andheri (East), Mumbai – 400 099, Maharashtra,
India |
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Date of Birth/Age : |
27.08.1984 |
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Date of Ceasing : |
24.07.2009 |
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DIN No.: |
02264133 |
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Name : |
Mr. Manoj Pachlangia |
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Designation : |
Director |
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Address : |
Harmoni Co-Operative Housing Society Limited, Plot No.206/207, 2nd
Floor, Geeta Nagar, Fatak Road, Bhayander (West), Mumbai – 401 101,
Maharashtra, India |
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Date of Birth/Age : |
08.06.1975 |
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Date of Ceasing : |
24.07.2009 |
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DIN No.: |
01682948 |
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Name : |
Mr. Vijay Soni |
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Designation : |
Director |
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Address : |
19/2, Manorama Ganj, |
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Date of Birth/Age : |
07.09.1958 |
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Date of Appointment : |
24.07.2009 |
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DIN No.: |
00309610 |
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Name : |
Mr. Namit Soni |
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Designation : |
Director |
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Address : |
19/2, Manorama Ganj, |
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Date of Birth/Age : |
01.09.1984 |
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Date of Appointment : |
24.07.2009 |
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DIN No.: |
01411732 |
KEY EXECUTIVES
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Name : |
Mr. Yadav |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Amit Pandey |
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5000 |
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Manoj Pachlangia |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Contractors and Developers |
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GENERAL INFORMATION
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Bankers : |
UCO Bank, Branch New Palasia Branch, 2/5, 3/5, Girnar Tower, Indore –
452 003, Madhya Pradesh, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000000 |
Equity Shares |
Rs.10/- each
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Rs.50.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each
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Rs.0.100
million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted from 409, Makers Chamber
V, Nariman Point, Mumbai – 400 021,
FORM 8:
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This form is for |
Modification of
charge |
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Charge
identification number of the modified |
10238451 |
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Corporate
identity number of the company |
U45400MH2009PTC194346 |
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Name of the
company |
LONGRANGE INFRASTRUCTURE PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
409, Makers Chamber V, Nariman Point, Mumbai – 400 021, E-Mail: rakesh@mnrd.in |
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Type of charge |
Immovable
Property |
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Particular of
charge holder |
UCO Bank, Branch New Palasia Branch, 2/5, 3/5, Girnar Tower, Indore –
452 003, Madhya Pradesh, India E-Mail: uconpindore@sify.com |
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Nature of
description of the instrument creating or modifying the charge |
Equitable
Mortgage to secure the working capital Limit of Rs.1050.000 millions. |
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Date of
instrument Creating the charge |
06/10/2010 |
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Amount secured by
the charge |
Rs.1050.000
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
Not applicable Terms of
Repayment: Not applicable Margin: Not
applicable Extent and
Operation of the charge: As the NAMCO Corp Ltd. provide corporate guarantee
on behalf of Company in favour of the UCO Bank, Indore by creating Equitable
Mortdage of Flat No.74 at 7th
Floor along with Grage No. 17 at Ground Floor (free hold right) situated at
Rajat Apartment CHS Limited Mount Pleasent Road Malabar Hills Mumbai 400006 |
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Short particulars
of the property charged |
Equitable
Mortgage of Flat No.74 at 7th
Floor along with Grage No. 17 at Ground Floor (free hold right) situated at
Rajat Apartment CHS Limited Mount Pleasent Road Malabar Hills Mumbai 400006 |
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Particulars of
the present modification |
NAMCO Corp
Limited provide corporate guarantee on behalf of Company in favour of the UCO
Bank, Indore to secure the working capital Limit of Rs.1050.000 millions by
creating Equitable Mortgage of Flat
No.74 at 7th Floor along with Grage No. 17 at Ground Floor (free
hold right) situated at Rajat Apartment CHS Limited Mount Pleasent Road
Malabar Hills Mumbai 400006 |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.27 |
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1 |
Rs.72.95 |
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Euro |
1 |
Rs.63.08 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.