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Formac Engineering Limited loan details

Charges taken from banks & financial institutes

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Amount in (₹)

Formac Engineering Limited has 36 charges registered with the Registrar of Companies: 10 open charges worth Rs 6.68 M and 26 satisfied charges worth Rs 3.26 Cr. The largest open charges are held by The Saraswat Co-Opbank, Janalakshmi Financial Services Private Limited and Grindleys Bank. The most recent charge was created on 21 Dec 2015 in favour of Electronica Finance Limited for Rs 1.54 M and is closed.

Charges Breakdown by Lending Institutions

  • Others : 0.19 Cr
  • The Saraswat Co-Opbank : 0.17 Cr
  • Janalakshmi Financial Services Private Limited : 0.15 Cr
  • Grindleys Bank : 0.05 Cr
  • Grindlays Bank Limited : 0.05 Cr
  • Others : 0.06 Cr

₹66.78 lakh

₹325.89 lakh

17

The Abhyudaya Co-Op Bank Ltd

Satisfaction

19 Jan 2017

₹6.30 lakh

Charge IdLenderAmountCreation DateLast Modification DateSatisfaction DateStatus
10389659 View DetailsElectronica Finance Limited₹ 21.25 26 Nov 2012-19 Jan 2017 Satisfied 2125000.0
10348844 View DetailsElectronica Finance Limited₹ 6.30 22 Mar 2012-19 Jan 2017 Satisfied 630057.0
10431613 View DetailsElectronica Finance Limited₹ 25.85 12 Jun 2013-28 Dec 2016 Satisfied 2585250.0
10609160 View DetailsElectronica Finance Limited₹ 15.38 21 Dec 2015-23 Dec 2016 Satisfied 1538460.0
10591111 View DetailsElectronica Finance Limited₹ 15.38 27 Aug 2015-23 Dec 2016 Satisfied 1538461.0
10482305 View DetailsElectronica Finance Limited₹ 34.72 06 Mar 2014-23 Dec 2016 Satisfied 3471627.0
90219722 View DetailsThe Adhyudaya Co-Op Bank Ltd₹ 10.00 11 Nov 1998-27 Aug 2014 Satisfied 1000000.0
90219552 View DetailsThe Abhyudaya Co-Op Bank Ltd₹ 43.00 25 Jun 1992-27 Aug 2014 Satisfied 4300000.0
90219876 View DetailsThe Adhyudaya Co-Op Bank Ltd₹ 37.00 04 Nov 1988-27 Aug 2014 Satisfied 3700000.0
90219418 View DetailsThe Adhyudaya Co-Op Bank Ltd₹ 28.00 08 Aug 1987-27 Aug 2014 Satisfied 2800000.0
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Charge documents and asset details

The filed charge documents and the assets pledged under each charge are in the company report.

  • Assets and property pledged under each charge
  • Terms and conditions as filed
  • Filed charge documents where available

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A charge is a security interest a company creates over its assets in favour of a lender. An open charge is still outstanding; a satisfied charge has been repaid and closed with the Registrar. Under the Companies Act, 2013 every charge must be registered within thirty days of creation (Form CHG-1, or CHG-9 for debentures) and its satisfaction reported within thirty days of repayment (Form CHG-4). Amounts are as filed with the MCA.