MIRA
INFORM REPORT
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Report Date : |
21.11.2011 |
IDENTIFICATION DETAILS
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Name : |
MEGUS CONSULTING PRIVATE LIMITED |
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Formerly Known
As : |
SHUKAL GRANITES PRIVATE LIMITED |
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Registered
Office : |
Shree Krishna, House Shivaji Path, New |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
30.09.1996 |
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Com. Reg. No.: |
11-102965 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
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CIN No.: [Company Identification
No.] |
U14102MH1996PTC102965 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM08277D |
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PAN No.: [Permanent Account No.] |
AADCM8351J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged with project management consulting business. |
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No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 126000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
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.
INFORMATION PARTED BY
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Name : |
Mr. Naresh |
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Designation : |
Company Secretary |
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Contact No.: |
91-9819956275 |
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Date : |
21.11.2011 |
LOCATIONS
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Registered Office : |
Shree Krishna, House Shivaji Path, New |
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Tel. No.: |
91-22-67354700/01 |
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Mobile No.: |
91-9819956275 (Mr. Naresh ) |
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Fax No.: |
91-22-67354702 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Office : |
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Another Branch : |
Located at
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DIRECTORS
As on 30.09.2010
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Name : |
Mr. Mayur Ratilal Suchak |
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Designation : |
Managing Director |
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Address : |
Shree Krishna House, Sivaji Path, New |
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Date of Birth/Age : |
04.06.1968 |
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Date of Appointment : |
30.09.1996 |
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DIN No.: |
00065220 |
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Other Directorship:
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Name : |
Mrs. Deepti Mayur Suchak |
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Designation : |
Director |
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Address : |
Shree Krishna House, Sivaji Path, New |
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Date of Birth/Age : |
14.10.1970 |
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Date of Appointment : |
12.09.2009 |
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DIN No.: |
00093896 |
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Other Directorship:
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KEY EXECUTIVES
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Name : |
Mr. Naresh |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Mayur Ratilal Suchak |
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259392 |
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Deepti Mayur Suchak |
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55000 |
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Magus Infratech Private Limited |
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685608 |
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Total |
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1000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2010
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Category |
Percentage |
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Bodies corporate |
68.56 |
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Directors or relatives of Directors |
31.44 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged with project management consulting business. |
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Terms : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
Corporate
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No. of Employees : |
120 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A. R. Pandya Chartered Accountant |
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Address : |
3, Mahavir Apartment, |
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PAN.: |
AAWPP8837A |
CAPITAL STRUCTURE
As on 31.03.2010
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 |
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Issued, Subscribed & Paid-up 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 |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
10.000 |
10.000 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
21.563 |
8.087 |
2.729 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
31.563 |
18.087 |
2.829 |
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LOAN FUNDS |
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1] Secured Loans |
34.018 |
2.163 |
9.316 |
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2] Unsecured Loans |
4.660 |
4.660 |
5.539 |
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TOTAL BORROWING |
38.678 |
6.823 |
14.855 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
70.241 |
24.910 |
17.684 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
12.986 |
16.532 |
3.456 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
3.508 |
3.293 |
3.149 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000 |
0.000 |
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Sundry Debtors |
13.227
|
14.868 |
9.648 |
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Cash & Bank Balances |
0.756
|
0.339 |
0.596 |
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Other Current Assets |
15.843
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13.333 |
2.829 |
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Loans & Advances |
57.062
|
3.328 |
3.399 |
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Total
Current Assets |
86.888
|
31.868 |
16.472 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
(0.022)
|
2.145 |
0.121 |
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Other Current Liabilities |
15.224
|
11.387 |
0.784 |
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Provisions |
17.950
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13.265 |
4.506 |
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Total
Current Liabilities |
33.152
|
26.797 |
5.411 |
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Net Current Assets |
53.736
|
5.071 |
11.061 |
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MISCELLANEOUS EXPENSES |
0.011 |
0.014 |
0.018 |
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TOTAL |
70.241 |
24.910 |
17.684 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Income |
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Other Income |
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TOTAL |
103.621 |
59.840 |
NA |
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Less |
EXPENSES |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
80.464 |
50.770 |
NA |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
23.157 |
9.070 |
3.384 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
3.375 |
2.237 |
0.856 |
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PROFIT BEFORE
TAX |
19.782 |
6.833 |
2.528 |
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Less |
TAX |
0.000 |
0.000 |
0.000 |
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PROFIT AFTER TAX
|
19.782 |
6.833 |
2.528 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.972 |
3.139 |
0.611 |
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BALANCE CARRIED
TO THE B/S |
29.754 |
9.972 |
3.139 |
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Earnings Per Share
(Rs.) |
19.78 |
6.83 |
2.53 |
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Particulars |
|
|
31.03.2011 |
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Sales Turnover |
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|
140.000 |
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Expected Sales ( 2011-2012 ) : Rs.230.000 Millions
The above information has been parted by Mr. Naresh (Company Secretary)
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
19.09
|
11.42 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
19.81
|
14.12 |
12.69 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.63
|
0.35 |
0.83 |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.28
|
1.86 |
7.16 |
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Current Ratio (Current Asset/Current Liability) |
|
2.62
|
1.19 |
3.04 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors
for Expenses |
|
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|
|
Accede Consultancy |
0.025 |
0.000 |
0.000 |
|
Jet Infosys |
0.012 |
0.000 |
0.000 |
|
Chatterjee Cleaning Arts Private Limited |
0.022 |
0.000 |
0.000 |
|
Hari Om Stationery |
0.061 |
0.000 |
0.000 |
|
Jyoshan Global Services Private Limited |
0.014 |
0.000 |
0.000 |
|
PLUG HR Services |
0.193 |
0.000 |
0.000 |
|
Potential Service Consultants Private Limited |
(0.570) |
0.000 |
0.000 |
|
Regus Office Centre Services |
0.067 |
0.000 |
0.000 |
|
R.M Distributors |
0.008 |
0.000 |
0.000 |
|
Vichare Courier Services |
0.001 |
0.000 |
0.000 |
|
Vastukala Design Build Solution Private Limited |
(0.040) |
0.000 |
0.000 |
|
Winsel and Company |
0.005 |
0.000 |
0.000 |
|
Amoha Education Private Limited |
0.000 |
0.000 |
0.066 |
|
Bulakhiram Sutar |
0.000 |
0.062 |
0.000 |
|
BPL Mobile |
0.000 |
0.000 |
0.002 |
|
BSNL |
0.000 |
0.006 |
0.002 |
|
Data formatics Consultancy |
0.180 |
0.299 |
0.000 |
|
Megasoft
Bhiwandi Branch |
0.000 |
(0.014) |
0.000 |
|
Chamunda Zerox
and Communication Centre |
0.000 |
0.001 |
0.002 |
|
Darpan Sales |
0.000 |
0.003 |
0.000 |
|
Torrent Power
Limited |
0.000 |
0.008 |
0.000 |
|
Sunderlal
Beniprasad |
0.000 |
0.006 |
0.015 |
|
Mayur Enterprise
|
0.000 |
0.002 |
0.000 |
|
Keyland
Developers Neelyug Office Rent |
0.000 |
1.769 |
0.000 |
|
Vidhesh Sanchar
Nigam Limited |
0.000 |
0.000 |
0.001 |
|
Rajesh S. Shah |
0.000 |
0.000 |
0.030 |
|
R. M.
Distributors |
0.000 |
0.002 |
0.003 |
|
Tata
Communication Centre |
0.000 |
0.001 |
0.000 |
|
TOTAL |
(0.022) |
2.145 |
0.121 |
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Check list by Info Agents |
Available in Reports ( Yes/No) |
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Yes |
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Yes |
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Yes |
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Yes |
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Yes |
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Yes |
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-- |
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Yes |
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Yes |
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Yes |
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Yes |
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No |
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-- |
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Yes |
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No |
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-- |
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No |
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No |
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Yes |
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-- |
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-- |
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-- |
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Yes |
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-- |
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-- |
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-- |
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No |
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-- |
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-- |
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-- |
FORM 8
|
Corporate
identity number of the company |
U14102MH1996PTC102965 |
|
Name of the
company |
MEGUS CONSULTING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Shree Krishna, House Shivaji Path, New Email : naresh@magusconsulting.biz |
|
This form is for |
Creation
of charge |
|
Type of charge |
|
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Particular of
charge holder |
The Kalyan Janata Sahakari Bank Limited, ‘NIHARIKA’ Near Ice Factory,
Opposite Railway Station, Kalyan (West), District – Thane – 421302,
Maharashtra, India Email : kmgawde@kalyanjanata.in |
|
Nature of
instrument creating charge |
Agreement of
hypothecation relating to immovable property and debtors |
|
Date of
instrument Creating the charge |
08.07.2009 |
|
Amount secured by
the charge |
Rs. 30.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest:
13% per annum Terms of
Repayment : Demand Margin : 60% on immovable
property 40% on book debts
Extent and operation
of the charge: Hypothecation by
way of first charge on immovable property and book debts |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Land, Residential
Bungalow, and commercial building on plot bearing S.No. 262 Hissa A/3 Part
and CTS No. 3347 at kalyan Commercial
Premises on 1st on plot bearing CTS No. 2279A and 2280 and
Municipals House No. 22 Situated at Prabhu Ali, Bhiwandi, Taluka Kalyan ,
District Thane |
FIXED ASSETS
- Air Conditioner
- Air Cooler
- Aquaguard
- Camera
- Caomputer
- Electrical Fitting
- Fax Machine
- Furniture and Fixture
- Generator
- Land and Building
- Motor Car
- Office at Bhiwandi
- Office
- Water Cooler
- Printer
·
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 records 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.51.35 |
|
|
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.69.26 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.