MIRA
INFORM REPORT
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Report Date : |
06.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
EQUILIBRIUM SOLUTIONS PRIVATE LIMITED |
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Registered Office : |
Office No. 101/5, C Building, Pune IT Park, 34, Aundh Road, Bopodi,
Pune-411020, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
08.12.2006 |
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Com. Reg. No.: |
129313 |
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CIN No.: [Company
Identification No.] |
U74210PN2006PTC129313 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEE01988A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Services provide for automobile industry and engineering industry. They
are authorized company to provide services for BMW |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
New Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a new company, having small service revenue. Trade relations are fair. Payments are reported as correct and as per
commitments. However, as the subject is a new company, it would be prudent to deal
with the company on safe and secured trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Anand Kulkarni |
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Designation : |
Director |
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Date : |
01.11.2008 |
LOCATIONS
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Registered Office : |
Office No. 101/5, C Building, Pune IT Park, 34, Aundh Road, Bopodi, Pune-411020,
Maharashtra, India |
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Tel. No.: |
91-20-30226105 |
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Fax No.: |
91-20-30223100 Extension - 408 |
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E-Mail : |
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Website : |
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Area : |
2000 sq.ft (Leased) |
DIRECTORS
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Name : |
Mr. Anand Jagannath Kulkarni |
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Designation : |
Director |
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Address : |
281, Sadashiv Peth, A.J. Complex, Flat No. 6, Pune-411030,
Maharashtra, India |
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Date of Birth/Age : |
03.06.1976 |
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Tel No.: |
91-20-24330361 |
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Qualification : |
Engineer |
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Name : |
Mrs. Vrushali Anand Kulkarni |
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Designation : |
Director |
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Address : |
281, Sadashiv Peth, A.J. Complex, Flat No. 6, Pune-411030,
Maharashtra, India |
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Date of Birth/Age : |
13.11.1975 |
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Tel No.: |
91-20-24330361 |
BUSINESS DETAILS
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Line of Business : |
Services provide for automobile industry and engineering industry.
They are authorized company to provide services for BMW |
GENERAL
INFORMATION
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Bankers : |
Citi Bank, Camp Branch |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S P JV and Company Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Note:
As the subject is a new company, no financials are available.
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Particulars |
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31.03.2008 |
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Sales Turnover |
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1.200 |
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE:
Subject is a young company with experienced professionals started in
October, 2006. The company is located in the city of Pune in India, which has a
reputation as an automotive hub of India.
Subject offers Computer Aided Engineering (CAE) Solutions and services
in the area of Product development cycle. The customers enjoy the most
effective seamless partnership with ESPL. They have expertise in automotive
domain especially in Powertrain, Underhood and BIW areas.
Subject has a strategic venture with a leading German automotive
supplier in the area of engine analyses using CFD and FEA techniques. They cater
for international as well as domestic customers.
Backed by the knowledge of engineering outsourcing process and project
management systems, ESPL easily gets integrated with customer during execution
phase.
4Cs@ESPL
Subject model is based on four values, "4Cs@ESPL".
These 4Cs are aimed to converge to arrive at a solution of another "C"
i.e. Customer satisfaction.
Competence:
They believe that Technical know-how is a minimum and basic requirement. Team
members are scheduled to have frequent trainings/ seminar to get aquainted with
latest trends in technologies and tools. Also, stress is given to understand
customer´s methodologies in long term. This helps to become domain expert
effectively.
Confidentiality and Information/ Data Security:
ESPL acknowledges importance of intellectual properties. Atmost care is taken
to keep information given by customer confidential. All employees and vendors
have to sign a strict confidentiality agreement when they are getting associated
with ESPL. Also they respect for intellectual properties of the software
vendors. Thats why only authenticated software tools are being used at ESPL.
Commitment for timely quality deliverables:
Based on the experience in product develpoement cycle, it is quite obivious
that CAE is a very crucial stage. Schedules for prototyping and manufacturing
of the product greatly rely on results of CAE. A small delay in CAE
deliverables may cause considerable loss in terms of time and money to
customers. In order to avoid these cumulative delays, execution of assignments/
projects are planned in line with customer´s delivery requirements in advance.
However no compromise is made on quality front for any reasons. At the begining
of excution, quality plan, intermediate and final delivery schedules are
defined in agreement with customer.
Cost Effective:
They
predict that in future, only those organisations will grow in market which will
be not only technically competent but also provide their solutions/ services at
highly competent commercial terms. This will be the key for success. And they
have learnt the same in advance.
CAE Solutions
Subject expertise in areas of structural simulations (Finite
Element Analyses) and flow and/ or heat transfer (Computational Fluid Dynamics)
as well.
It would have been very efficient way to demonstrate the skills by use of
graphical images/ animated movies, but as they greatly respect confidentiality
of customer´s product / information, they are unable to display any kind of
graphical images.
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Activities |
Details |
Applications |
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Pre Processing |
2D Shell Mesh Generation |
Plastic Parts with varying rib thickness. |
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3D Hexa / Tetrahedral |
Engine parts/ assemblies like cylinder head, crankcase, bedplate,
complicated castings. |
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Analyses |
Linear /Non linear static |
BIW strength/ stiffness calculations. Bore deflection simution of crankcase. Burst pressure prediction for manifolds. |
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Multi step non linear simulations followed by Fatigue evaluation |
Simulation of Engine Assemblies containing contact, thermal loads and
multiple load cycles followed by evaluation of low and high cycle fatigue. |
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Dynamic Analyses |
Natural frequency and modeshape evaluation |
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Static / Transient Thermal. |
Prediction of static / transient temperature fields |
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Post Processing |
Capturing of images for deflection / stresses |
Presentation of Technical reports containing method followed, engineering
conclusions, suggestions. |
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CFD
Skills |
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Pre Processing |
2D Shell Mesh Generation |
Skin meshing of underhood parts / assemblies with critical
connectivities and quality criteria followed by volume grid generation. Flow simulation of coolant through coling circuits. |
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3D Hexa / Tetrahedral grid Generation. |
Grid generation of engine assembly for Conjugate Heat Transfer (CHT)
calculations with coupled / uncoupled connections. |
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Analyses |
Flow Simulation (Compressible / Incompressible, Laminar / Turbulant,
Transient) |
Flow simulation of cooling water in water jackets, radiator circuits
for prediction of pressure, velocity and temperature fields Optimization of
flow for desired parameters. |
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Conjugate Heat Transfer Analyses. |
Study of simultaneous effect of flow and heat transfer in engine
assemblies for prediction of heat transfer through conduction and convection
phenomenon Simulation of under hood assemblies for evaluation of of
temperature fields. |
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Mapping of CFD results on FE models for thermal stress calculations. |
Used for simulation of assemblies/ parts where thermal loads are
predominant along with mechanical loads. |
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Post Processing |
Capturing of images for pressure / velocity / temperaturefields
Animation of streamlines for visualisation of flow fields. |
Presentation of Technical reports containing method followed,
engineering conclusions, suggestions. |
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CAE Tools
Expertises |
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Activities |
FEA |
CFD |
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Pre Processing |
Hypermesh / ANSA |
Hypermesh / ANSA |
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Analyses |
Abaqus, Nastran |
STAR-CD |
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Post Processing |
Abaqus-CAE, Hyperview |
Ensight |
CMT REPORT (Corruption,
Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 records 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.18 |
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UK Pound |
1 |
Rs.75.05 |
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Euro |
1 |
Rs.60.89 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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14 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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