Key Quantitative Figures
- Loan amount: ₹5.00 Crore (Indian Rupees Five Crores only)
- Security coverage: 120% of loan principal outstanding through receivables
- Promoter pledge equivalent: 2.5 times the loan value
Parties Involved
- Borrower: RAAMA FINANCE LIMITED (formerly known as Ramchandra Leasing & Finance Limited)
- Lender: Mufin Green Finance Limited
- Promoters providing pledge: Akhil Mittal and Pratika Sharma
Significant Terms and Conditions
Prior approval of lender (Mufin Green Finance Limited) required for:
- Changes in business structure, merger, acquisition, restructuring
- Transactions not in ordinary course of business
- Material changes in management
- Management arrangements where operations managed by any other person
- Amendments in MOA and AOA (except increase in Authorised capital)
- Winding up of the Company
Security Details
- Exclusive charge on present and future receivables (net of financial charges, NPA and other charges) to extent of 120% of loan principal outstanding
- Exclusive charge by way of hypothecation on borrower's receivables up to 1.20x of facility amount
- Promoters (Akhil Mittal and Pratika Sharma) to provide pledge of shares equivalent to 2.5 times the loan value
Ownership and Relationship Details
- No shareholding in Mufin Green Finance Limited
- No relationship with promoter/promoter group/group companies
- No other disclosures related to nominees, conflict of interest, or termination/amendment details
Company Identification
- RBI Registration No: 01.00109
- GST No: 09AAACR9381E1Z5