MIRA INFORM REPORT
|
Report Date : |
14.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAGUS CONSULTING PRIVATE LIMITED |
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|
Formerly Known
As : |
SHUKAL GRANITES PRIVATE LIMITED |
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Registered
Office : |
501, Neelyog Square, 5th Floor, Next to Ghatkopar Railway
Station, Ghatkopar (East), Mumbai – 400077, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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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 |
|
|
|
|
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
: |
00..0 |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 180000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The latest
financial is missing from the government department. As per previous year’s record company seem to be having satisfactory
track record. Trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
Management Non Co-operative (91-22-67354700 / 4759)
LOCATIONS
|
Registered Office : |
501, Neelyog Square, 5th Floor, Next to Ghatkopar Railway
Station, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Tel. No.: |
91-22-67354700 / 01 |
|
Mobile No.: |
91-9819956275 (Mr. Naresh ) |
|
Fax No.: |
91-22-67354702 |
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E-Mail : |
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Website : |
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Delhi Office : |
BG6/133A, Paschim Vihar, New Delhi – 63, India |
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Branch Office : |
Locate at
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DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Mayur Ratilal Suchak |
|
Designation : |
Managing Director |
|
Address : |
Shree Krishna House, Sivaji Path, New |
|
Date of Birth/Age : |
04.06.1968 |
|
Date of Appointment : |
30.09.1996 |
|
DIN No.: |
00065220 |
|
|
|
|
Name : |
Mrs. Deepti Mayur Suchak |
|
Designation : |
Director |
|
Address : |
Shree Krishna House, Sivaji Path, New |
|
Date of Birth/Age : |
14.10.1970 |
|
Date of Appointment : |
12.09.2009 |
|
DIN No.: |
00093896 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mayur Ratilal Suchak |
|
259392 |
|
Deepti Mayur Suchak |
|
55000 |
|
Magus Infratech Private Limited, India
|
|
685608 |
|
Total |
|
1000000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged with project management consulting business. |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
A. R. Pandya Chartered Accountant |
|
Address : |
3, Mahavir Apartment, |
|
PAN.: |
AAWPP8837A |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
36.714 |
21.563 |
8.087 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
46.714 |
31.563 |
18.087 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
33.392 |
34.018 |
2.163 |
|
|
2] Unsecured Loans |
4.660 |
4.660 |
4.660 |
|
|
TOTAL BORROWING |
38.052 |
38.678 |
6.823 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
84.766 |
70.241 |
24.910 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.745 |
12.986 |
16.532 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.167 |
3.508 |
3.293 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
31.815
|
13.227
|
14.868 |
|
|
Cash & Bank Balances |
0.155
|
0.756
|
0.339 |
|
|
Other Current Assets |
17.321
|
15.843
|
13.333 |
|
|
Loans & Advances |
79.804
|
57.062
|
3.328 |
|
Total
Current Assets |
129.095
|
86.888
|
31.868 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.264
|
(0.022)
|
2.145 |
|
|
Other Current Liabilities |
16.607
|
15.224
|
11.387 |
|
|
Provisions |
36.377
|
17.950
|
13.265 |
|
Total
Current Liabilities |
60.248
|
33.152
|
26.797 |
|
|
Net Current Assets |
68.847
|
53.736
|
5.071 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.007 |
0.011 |
0.014 |
|
|
|
|
|
|
|
|
TOTAL |
84.766 |
70.241 |
24.910 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Marketing Charges Income |
0.000 |
|
|
|
|
|
Tax Charges |
4.343 |
3.785 |
|
|
|
|
Legal Consultancy Charges |
2.996 |
4.339 |
|
|
|
|
Miscellaneous Income |
0.005 |
0.021 |
|
|
|
|
PMC Charges |
125.444 |
91.526 |
|
|
|
|
HDFC Commission |
0.022 |
0.000 |
59.840 |
|
|
|
Interest on Fixed Deposit UBI |
0.178 |
0.253 |
|
|
|
|
UMC Charges |
1.250 |
2.044 |
|
|
|
|
Interest on Loan |
4.013 |
0.000 |
|
|
|
|
Dividend on Shares |
0.050 |
0.000 |
|
|
|
|
Other Income |
0.000 |
0.000 |
|
|
|
|
TOTAL |
138.301 |
103.621 |
59.840 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Advertising Expenses |
0.739 |
|
|
|
|
|
Amc Account. |
0.534 |
0.306 |
|
|
|
|
Asset Written off Account |
0.000 |
0.001 |
|
|
|
|
Bad Debts |
0.239 |
6.671 |
|
|
|
|
Bank Cc Interest Account |
4.274 |
2.595 |
|
|
|
|
Bank Charges |
0.153 |
0.485 |
|
|
|
|
Bonus Account. |
0.007 |
0.012 |
|
|
|
|
Books and Periodicals Expenses Account |
0.076 |
0.037 |
|
|
|
|
Brokerage |
0.150 |
0.650 |
|
|
|
|
Car Expenses |
0.050 |
0.000 |
|
|
|
|
Commission A/c |
0.000 |
0.579 |
|
|
|
|
Consultancy Expenses |
11.822 |
2.448 |
|
|
|
|
Consumable Expenses |
2.918 |
0.656 |
|
|
|
|
Courier Charges Account |
0.147 |
0.053 |
|
|
|
|
Diesel Expenses |
0.000 |
0.072 |
|
|
|
|
Discount Account |
0.064 |
0.094 |
|
|
|
|
Diwali Expenses Account. |
0.005 |
0.002 |
|
|
|
|
Donation |
0.507 |
0.000 |
|
|
|
|
Electricity Charges |
0.000 |
1.697 |
|
|
|
|
Electricity Expenses |
1.687 |
0.002 |
|
|
|
|
Fax Charges A/c |
0.000 |
0.000 |
|
|
|
|
House Keeping Services |
0.266 |
0.000 |
|
|
|
|
Franking and Stamp Duty Charges |
0.017 |
0.102 |
|
|
|
|
Hr Expenses |
1.749 |
0.825 |
|
|
|
|
Hardship Allowance |
0.234 |
0.000 |
|
|
|
|
Insurance Expenses |
0.034 |
0.041 |
|
|
|
|
Interest on Late Payment of TDS |
0.003 |
0.026 |
|
|
|
|
Exhibition Expenses |
0.714 |
0.000 |
|
|
|
|
Internal Audit Charges |
0.039 |
0.000 |
|
|
|
|
Internet Charges |
0.000 |
0.012 |
|
|
|
|
Legal Expenses |
0.000 |
0.001 |
|
|
|
|
Lunch Expenses |
0.343 |
|
|
|
|
|
Lodging and Boarding |
0.435 |
0.082 |
|
|
|
|
Marketing Expenses |
0.376 |
0.656 |
|
|
|
|
M D Remuneration A/c |
8.400 |
0.000 |
|
|
|
|
Municipal Tax |
0.012 |
0.013 |
|
|
|
|
MBC Expenses |
0.067 |
0.042 |
|
|
|
|
Mobile Expenses |
0.133 |
0.000 |
|
|
|
|
Notary Expenses |
0.008 |
0.000 |
|
|
|
|
Office Expenses |
2.081 |
0.990 |
|
|
|
|
Office Rent Expenses |
10.757 |
9.651 |
|
|
|
|
Panvel Office Rent |
0.020 |
0.000 |
|
|
|
|
Postage and Telegram Account |
0.001 |
0.001 |
|
|
|
|
Preliminery Exp W/Off |
0.004 |
0.004 |
|
|
|
|
Petrol Expenses |
0.210 |
0.040 |
|
|
|
|
Printing and Stationery Account |
1.326 |
0.757 |
|
|
|
|
Profession Tax |
0.123 |
0.000 |
|
|
|
|
Professional Fees |
0.000 |
0.313 |
|
|
|
|
Recruitment Expenses |
1.074 |
0.193 |
|
|
|
|
Renewal Expenses |
0.000 |
0.000 |
|
|
|
|
ROC Charges |
0.035 |
0.000 |
|
|
|
|
Repair and Maintaince for car |
0.000 |
0.000 |
|
|
|
|
Repairs and Maintenance Account. |
0.186 |
0.092 |
|
|
|
|
Salary Accounts |
50.605 |
45.464 |
|
|
|
|
Service Tax Paid |
0.000 |
0.987 |
|
|
|
|
Security Expenses |
0.121 |
0.000 |
|
|
|
|
Seminar Expenses |
0.172 |
0.000 |
|
|
|
|
Staff Incentive |
0.925 |
0.000 |
|
|
|
|
Staff Welfare Account |
0.266 |
0.052 |
|
|
|
|
Software Expenses ( ERP ) |
3.671 |
0.000 |
|
|
|
|
Sundry Expenses Account |
0.295 |
0.288 |
|
|
|
|
Training and Development Expenses |
0.540 |
0.087 |
|
|
|
|
Telephone and Internet Expenses |
0.610 |
0.634 |
|
|
|
|
Tour and Travelling Expenses |
0.606 |
0.000 |
|
|
|
|
Travelling Expenses |
2.699 |
1.959 |
|
|
|
|
Xerox Charges Account |
0.192 |
0.166 |
|
|
|
|
TOTAL |
112.721 |
80.464 |
50.770 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.580 |
23.157 |
9.070 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.796 |
3.375 |
2.237 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
22.784 |
19.782 |
6.833 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
22.784 |
19.782 |
6.833 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
29.754 |
9.972 |
3.139 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
52.538 |
29.754 |
9.972 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.784 |
19.78 |
6.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
16.47
|
19.09
|
11.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
16.47
|
19.09
|
11.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.18
|
19.81
|
14.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48
|
0.63
|
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.10
|
2.28
|
1.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.14
|
2.62
|
1.19 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
for Expenses |
|
|
|
|
Accede Consultancy |
0.000 |
0.025 |
0.000 |
|
Jet Infosys |
0.000 |
0.012 |
0.000 |
|
Chatterjee Cleaning Arts Private Limited |
0.000 |
0.022 |
0.000 |
|
Hari Om Stationery |
0.000 |
0.061 |
0.000 |
|
Jyoshan Global Services Private Limited |
0.000 |
0.014 |
0.000 |
|
PLUG HR Services |
0.129 |
0.193 |
0.000 |
|
Potential Service Consultants Private Limited |
0.078 |
(0.570) |
0.000 |
|
Regus Office Centre Services |
0.000 |
0.067 |
0.000 |
|
R.M Distributors |
0.000 |
0.008 |
0.000 |
|
Vichare Courier Services |
0.003 |
0.001 |
0.000 |
|
Vastukala Design Build Solution Private Limited |
0.000 |
(0.040) |
0.000 |
|
Winsel and Company |
0.011 |
0.005 |
0.000 |
|
Amoha Education Private Limited |
0.000 |
0.000 |
0.000 |
|
Alliance Facilities Management Private Limited |
0.029 |
0.000 |
0.000 |
|
B2c Consultants |
0.005 |
0.000 |
0.000 |
|
Bulakhiram Sutar |
0.000 |
0.000 |
0.062 |
|
BPL Mobile |
0.000 |
0.000 |
0.000 |
|
BSNL |
0.000 |
0.000 |
0.006 |
|
Data formatics Consultancy |
0.000 |
0.180 |
0.299 |
|
Megasoft
Bhiwandi Branch |
0.000 |
0.000 |
(0.014) |
|
Chamunda Zerox
and Communication Centre |
0.000 |
0.000 |
0.001 |
|
Coign Consulting |
0.401 |
0.000 |
0.000 |
|
Crest Integrators Private Limited |
0.205 |
0.000 |
0.000 |
|
EHH DEE Computers Private Limited |
0.577 |
0.000 |
0.000 |
|
Gamut Infosystems Limited |
3.112 |
0.000 |
0.000 |
|
Darpan Sales |
0.000 |
0.000 |
0.003 |
|
Torrent Power
Limited |
0.000 |
0.000 |
0.008 |
|
Sunderlal
Beniprasad |
0.000 |
0.000 |
0.006 |
|
Mayur Enterprise
|
0.000 |
0.000 |
0.002 |
|
Keyland Developers
Neelyug Office Rent |
0.000 |
0.000 |
1.769 |
|
Vidhesh Sanchar
Nigam Limited |
0.000 |
0.000 |
0.000 |
|
Rajesh S. Shah |
0.000 |
0.000 |
0.000 |
|
R. M.
Distributors |
0.000 |
0.000 |
0.002 |
|
Tata
Communication Centre |
0.000 |
0.000 |
0.001 |
|
Hari Om Stationery and Xerox |
0.097 |
0.000 |
0.000 |
|
Info Edge (India) Limited |
0.125 |
0.000 |
0.000 |
|
Logix Infosecurity Private Limited |
0.008 |
0.000 |
0.000 |
|
LOOP Mobile A/C 6.102871.00 00 100016 |
0.002 |
0.000 |
0.000 |
|
Mak Media and Creations Private Limited |
0.241 |
0.000 |
0.000 |
|
M P.Prime Structures Private Limited |
0.107 |
0.000 |
0.000 |
|
Neilsoft Limited |
0.929 |
0.000 |
0.000 |
|
Prem Raj Office Automation |
0.149 |
0.000 |
0.000 |
|
Rajesh S. Shah. Kalyan. |
0.009 |
0.000 |
0.000 |
|
Ravi Automobiles Services |
0.020 |
0.000 |
0.000 |
|
Rekha Choradia |
0.445 |
0.000 |
0.000 |
|
R.Kantilal Choradia |
0.445 |
0.000 |
0.000 |
|
RSVKCIU |
0.045 |
0.000 |
0.000 |
|
Sandhya Ankush Patil (Adv) |
0.007 |
0.000 |
0.000 |
|
Signature Crest Hotels And Apartments Private Limited |
0.029 |
0.000 |
0.000 |
|
Task Staffing Solutions Private Limited |
0.044 |
0.000 |
0.000 |
|
Colour Art Stationers- Mumbai |
0.012 |
0.000 |
0.000 |
|
Total |
7.252 |
(0.022) |
2.145 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U14102MH1996PTC102965 |
|
Name of the
company |
MAGUS CONSULTING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
501, Neelyog Square, 5th Floor, Next to Ghatkopar Railway Station,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
10168740 |
|
Type of charge |
|
|
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 |
Memorandum of
entry for extension to create equitable mortgage |
|
Date of instrument
Creating the charge |
29.03.2012 |
|
Amount secured by
the charge |
Rs.50.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 14% Per Annum Terms of Repayment on 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 Shill Road: Kalyan, District Thane Commercial
Premises on First Floor on Plot bearing CTS No. 2279A and 2280, and Municipal House No. 22, situated at Prabhu Ali,
Bhiwandi, Tal: Kalyan, District Thane |
|
Particulars of
the present modification |
Cash credit limit
increased by Rs.20.000 Millions thus total cash credit limit after enhancement
amounts to Rs.50.000 Millions. Interest Rate has also been increased from
present 13% P.A. to 14% P.A. |
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 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 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.54.23 |
|
|
1 |
Rs.87.53 |
|
Euro |
1 |
Rs.70.94 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
36 |
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.