The document summarizes information about redeemable preference shares being offered by Mariners Buildcon India Ltd. Key details include:
- Mariners Buildcon India Ltd was established 12 years ago to build homes for Indian mariners and has emerged as a leading real estate developer.
- Redeemable preference shares being offered provide a 13% return plus monthly dividends over a 2 year period, after which the investment amount will be redeemed.
- A minimum of Rs. 100,000 can be invested in increments of Rs. 10,000 per share, with a maximum investment of Rs. 20 lakhs per family. Shares will be allotted after cheque clearance and have a 2 year lock-in
2. MARINERS BUILDCON INDIA LTD.
The Mariners Buildcon India Ltd was established 12 years ago
with a vision to build homes exclusively for Indian mariners. The
company aspires to construct luxurious, prestigious, and opulent
homes which would offer a great lifestyle. The organization
strives to carve a niche for itself in the realty segment by erecting
constructions that are innovative and pageants novel
architecture. Setting its sight on perfectionism in the industry, the
Mariners Buildcon India Ltd insists on providing its customers
premier constructions with recent day amenities. The benchmark
of its success in the realty segment is its ability and agility to live
up to the expectations of the clients. Marching towards
prominence, the Mariners Buildcon India Ltd has certainly
emerged as one of the leading real estate developers in the city.
3. REDEEMABLE PREFERENCE SHARES
Raising capital by issue of shares is a most important method
of raising long-term funds. Those funds can be invested in
long-term or permanent assets like land and building, plant and
machinery, furniture etc. A share is unit of measure of a
shareholder's interest in the total capital of the company. Share
capital of a company is divided into a large number of equal
parts and each part is known is a share.
Redeemable Preference shares are preference shares which
have to be repaid by the company after the term of which for
which the preference shares have been issued.
4. REDEEMABLE PREFRENCE SHARES.
Redeemable Preference Shares is offering
you to invest with the company and enjoy the
benefits of redeem ability guarantee 13% at
the end of the tenure of investment & take a
monthly return in the form of Dividends.
5. WHY US?
MBIL is a decade old company, making residential
complexes for Indian Mariners, NRIs and High-end
Professionals. Our company is rapidly expanding
and our focus is in New Projects & Infrastructural
Projects.
6. WHAT SECURITY IS PROVIDED?
Preference Shares always hold security cover in
itself, the company would be giving preference
shares along with the dividends in the form of PDCs
for 24 months and the 25th cheque would be of the
redemption amount cheque.
7. IS THERE A MINIMUM NUBER OF
SHARES TO BE PROCURED ?
Yes, minimum number of shares you can apply is
10,000 @ Rs.10 each which makes to Rs.1,00,000
(1 lacks) investment and maximum of 20,00,000 (20
lacks) per person in the family.
8. ALLOTMENT AND TAX IMPLICATIONS
The shares will be allotted after the realisation of the
cheque. The lock in period of the investment is 2
years, one can also transfer these shares, as they
are transferable.
Dividend you receive is non-taxable, although
company pays a corporate dividend tax on that.
9. DOCUMENTS REQUIRED
Duly filled up Application Form.
Copy of PAN Card.
One Photograph.
Self-attested copy of Address Proof.