PRELIMINARY REPORT
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Report Date : |
04.12.2013 |
IDENTIFICATION DETAILS
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Name : |
JUPITER COMTEX PRIVATE LIMITED |
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Registered
Office : |
Plot No. 510, Phase IV ,GIDC, Vatva, Mehmedabad Road, Ahmedabad –
382445, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
14.12.2007 |
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Com. Reg. No.: |
04-052347 |
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Capital
Investment / Paid-up Capital : |
Rs.7.560 Millions |
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CIN No.: [Company Identification
No.] |
U29190GJ2007PTC052347 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMJ03274F |
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PAN No.: [Permanent Account No.] |
AABCJ9321K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Machineries and Spare parts |
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No. of Employees
: |
Not Divulged |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
LOCATIONS
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Registered Office : |
Plot No. 510, Phase IV ,GIDC, Vatva, Mehmedabad Road, Ahmedabad –
382445, Gujarat, India |
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Tel. No.: |
91-79-25835313 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2011
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Name : |
Mr. Gitesh
Jayantilal Mistry |
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Designation : |
Director |
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Address : |
6/B, Sitabag Co-op
Society, B/h Sardar Patel Society, Maninagar, Ahmedabad. |
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Date of Birth/Age : |
17.11.1961 |
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Date of Appointment : |
14.12.2007 |
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Name : |
Mr. Sanjay Jayantilal
Mistry |
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Designation : |
Director |
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Address : |
21- A, Sardar Patel
Soceity, B/h Swaminarayan Tower, Maninagar, Ahmedabad. |
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Date of Birth/Age : |
17.11.1961 |
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Date of Appointment : |
14.12.2007 |
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Name : |
Mr. Vishal Mukesh
Mistry |
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Designation : |
Director |
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Address : |
B-14, Ananya Bunglows,
Isanpur Jawahar Chowk Road, Opposite Anandwadi Bus Stop, Ahmedabad. |
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Date of Birth/Age : |
09.05.1978 |
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Date of Appointment : |
14.12.2007 |
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Name : |
Mr. Rikesh
Gitesh Mistry |
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Designation : |
Director |
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Address : |
6/B,
Sitabag Co-op Society, B/h Sardar Patel Society, Maninagar, Ahmedabad. |
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Date of Birth/Age : |
25.04.1984 |
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Date of Appointment : |
20.11.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Gitesh Jayantilal Mistry |
1,50,000 |
|
Bhavnaben Sanjaybhai Mistry |
1,87,500 |
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Rikesh Giteshkumar Mistry |
18,750 |
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Saurin Giteshkumar Mistry |
18,750 |
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Leenaben Jatinkumar Mistry |
1,87,500 |
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Gitesh Jayantilal Mistry |
18,750 |
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Gitesh Jayantilal Mistry |
43,750 |
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Leenaben Jatinkumar Mistry |
62,500 |
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Bhavnaben Sanjaybhai Mistry |
62,500 |
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Gitesh Jayantilal Mistry |
1,000 |
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Bhavnaben Sanjaybhai Mistry |
1,000 |
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Rikesh Giteshkumar Mistry |
1,000 |
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Saurin Giteshkumar Mistry |
1,000 |
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Leenaben Jatinkumar Mistry |
1,000 |
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Jatin Jayantilal Mistry |
1,000 |
AS ON 30.09.2011
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Machineries and Spare parts |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
· Central Bank of India, Khokhra Mehmdabad Branch, Khokhra, Ahmedabad - 380008, Gujarat, India ·
ICICI Bank – Maninagar Branch ·
HDFC Bank – Navrangpura Branch |
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Facilities : |
NOTES: 1. Secured against hypothecation of stocks, book debts and
other tangible movable assets of the Company, hypothecation of Plant and
Machineries of the Company, Equitable mortagage of Factory Land and Building
situated at Plot No:510, G.I.D.C. Phase IV, Vatva, Ahmedabad in the name of
company, personal guarantee of all the shareholders of the company. 2. Secured by way of hypothecation of respective motor
vehicles purchased.
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mishank Shah and Associates Chartered Accountant |
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Address : |
191/1, New Cloth Market, O/S
Raipur Gate, Ahmedabad – 380002, Gujarat, India |
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Directors Relatives exercise control / significant influence:: |
Star Machine Engineers Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
756000 |
Equity Shares |
Rs.10/- each |
Rs.7.560
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
7.560 |
7.560 |
7.560 |
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2] Share Application Money |
0.000 |
0.000 |
0.00 |
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3] Reserves & Surplus |
1.698 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
(0.498) |
(1.443) |
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NETWORTH |
9.258 |
7.062 |
6.117 |
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LOAN FUNDS |
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1] Secured Loans |
18.130 |
24.176 |
33.967 |
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2] Unsecured Loans |
18.878 |
27.391 |
34.754 |
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TOTAL BORROWING |
37.008 |
51.567 |
68.721 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
46.266 |
58.629 |
74.838 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
13.682 |
9.607 |
8.225 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.414 |
0.346 |
0.289 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
84.855
|
78.727 |
89.946 |
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Sundry Debtors |
127.141
|
65.808 |
26.169 |
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Cash & Bank Balances |
1.184
|
11.764 |
15.832 |
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Other Current Assets |
0.00
|
0.000 |
0.000 |
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Loans & Advances |
40.483
|
43.416 |
24.533 |
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Total
Current Assets |
253.663
|
199.715 |
156.480 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
220.930
|
150.964 |
89.954 |
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Other Current Liabilities |
0.00
|
0.000 |
0.000 |
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Provisions |
0.563
|
0.075 |
0.202 |
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Total
Current Liabilities |
221.493
|
151.039 |
90.156 |
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Net Current Assets |
32.170
|
48.676 |
66.324 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
46.266 |
58.629 |
74.838 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
665.172 |
245.100 |
102.791 |
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Labour and Service Charges |
0.712 |
0.962 |
0.766 |
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Other Income |
0.917 |
5.542 |
2.747 |
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TOTAL (A) |
666.801 |
251.604 |
106.304 |
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Less |
EXPENSES |
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Material Cost |
607.839 |
190.166 |
111.262 |
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Manufacturing and Operating costs |
24.024 |
4.925 |
6.951 |
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Employment Costs |
12.782 |
8.432 |
8.225 |
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Administrative, Selling and General Expenses |
20.606 |
11.335 |
9.897 |
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Increase/ (Decrease) in Stock |
(8.650) |
29.720 |
(36.415) |
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TOTAL (B) |
656.601 |
244.578 |
99.920 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.200 |
7.026 |
6.384 |
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Less |
FINANCIAL
EXPENSES (D) |
5.198 |
4.804 |
4.868 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.002 |
2.222 |
1.516 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.308 |
1.550 |
1.452 |
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PROFIT BEFORE
TAX (E-F) (G) |
2.694 |
0.672 |
0.064 |
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Less |
TAX (I) |
0.498 |
(0.273) |
(0.155) |
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PROFIT AFTER TAX
(G-I) (J) |
2.196 |
0.945 |
0.219 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.498) |
(1.443) |
(1.662) |
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BALANCE CARRIED
TO THE B/S |
1.698 |
(0.498) |
(1.443) |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
8.282 |
21.967 |
32.499 |
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TOTAL EARNINGS |
8.282 |
21.967 |
32.499 |
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IMPORTS |
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Raw Materials |
59.004 |
17.534 |
10.227 |
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TOTAL IMPORTS |
59.004 |
17.534 |
10.227 |
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Earnings Per
Share (Rs.) |
2.91 |
1.25 |
-- |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.33
|
0.37 |
0.21 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.41
|
0.27 |
0.06 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.01
|
0.32 |
0.04 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.10 |
0.01 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
27.92
|
28.69 |
25.97 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.32 |
1.73 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate identity number of the company |
U29190GJ2007PTC052347 |
|
Name of the company |
JUPITER COMTEX PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Plot No. 510, Phase Iv, G.I.D.C. Vatwa, Mehmedabad Road, Ahmedabad – 382445,
Gujarat, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property |
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Particular of charge holder |
CENTRAL BANK OF INDIA |
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Nature of instrument creating charge |
Supplemental Agreement of Hypothecation To
Secure Demand Cash Credit Dated 18-05-2010 For Rs. 10.000 Millions |
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Date of instrument Creating the charge |
18/05/2010 |
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Amount secured by the charge |
Rs.34.500 Millions |
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Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Cash Credit Against Goods Bplr + 0.5% Viz
@12.5 % Monthly Rest. Book Debt (Odbd) Bplr + 0.5% Viz @12.5 %
Monthly Rest. Terms of Repayment Payable On Demand Margin Stock In Trade - 25 % Book Debt (Odbd) - 50 % Extent and Operation of the charge The Original Charge Created In Favour Of Central
Bank Of India, Khokhra Branch, Ahmedabad C/C Rs. 12.500 Millions, Hypo. Of B/
D For Rs. 7.500 Millions And B/G Limit
Of Rs. 4.500 Millions Aggregating Rs. 24.500 Millions On 31/03/2008 And
Registered With Roc Vide No. 10097782. The Above Charge Is Modified On
18/05/2010. The Bank Has Granted Additional C/C Facility Of Rs. 10.000
Millions Whereby The Total Charge Is Now For Rs. 34.500 Millions. (C/C Rs.
22.500 Millions, Hypo. Of B/ D For Rs.
7.500 Millions And B/G Of Rs. 4.500 Millions). |
|
Short particulars of the property charged |
Hypothecations Of Stock And Book Debts Of
The Company |
|
Particulars of the present modification |
The Original Charge Created In Favour Of
Central Bank Of India, Khokhra Branch, Ahmedabad C/C Rs. 12.500 Millions,
Hypo. Of B/ D For Rs. 7.500 Millions
And B/G Limit Of Rs. 4.500 Millions Aggregating Rs. 24.500 Millions On
31/03/2008 And Registered With Roc Vide No. 10097782. The Above Charge Is
Modified On 18/05/2010. The Bank Has Granted Additional C/C Facility Of Rs. 10.000
Millions Whereby The Total Charge Is Now For Rs. 34.500 Millions. (C/C Rs.
22.500 Millions, Hypo. Of B/ D For Rs.
7.500 Millions And B/G Of Rs. 4.500 Millions). |
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.62.34 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.