MIRA INFORM REPORT

Report Date :

08.12.2011

IDENTIFICATION DETAILS

Name :	SAMTEC TOOLS AND ACCESSORIES PRIVATE LIMITED
Formerly Known as :	SAMTEC CONSULTANTS
Registered Office :	1, Sheetal Apartment, Opposite Mahavir Jain Vidyalaya, BMCC Collage Road, Pune – 411004, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	20.07.2004
Com. Reg. No.:	19530
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U29299PN2004PTC019530
TAN No.: [Tax Deduction & Collection Account No.]	PNES11801G
Legal Form :	Private Limited Liability Company
Line of Business :	To promote innovative and niche tooling solutions to meet the needs of the Indian metal working industry
No. of Employees:	22 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (51)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 110556
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and a reputed company having fine track. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

INFORMATION PARTED BY

Name :	Ms. Mukta
Designation :	Accounts Manager
Contact No.:	91-20-25666761
Date :	08.12.2011

LOCATIONS

Registered Office :	1, Sheetal Apartment, Opposite Mahavir Jain Vidyalaya, BMCC Collage Road, Pune – 411004, Maharashtra, India
Tel. No.:	91-20-25666761
Fax No.:	91-20-25666760
E-Mail :	samtectools@dataone.in finance@samtectools.com
Website :	www.samtectools.com
Area:	2000sq.fts
Location:	Rented

DIRECTORS

AS ON 16.09.2011

Name :	Mr. Anil Vasant Pradhan
Designation :	Managing Director
Address :	Flat No. C – 511/512, Eves Garden Baner, Pune – 411045, Maharashtra, India
Date of Birth/Age :	26.08.1936
Qualification:	BSC, B. mech
Date of Appointment :	20.07.2004

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U29299PN2004PTC019530	SAMTEC TOOLS AND ACCESSORIES PRIVATE LIMITED	Managing director	01/07/2009	20/07/2004	-	Active	N

Name :	Mr. Samir Anil Pradhan
Designation :	Director
Address :	50, Wild Wood Drive, South Borought, MA – 01772, USA
Date of Birth/Age :	10.11.1963
Qualification:	BE, MBA
Date of Appointment :	20.07.2004

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U29299PN2004PTC019530	SAMTEC TOOLS AND ACCESSORIES PRIVATE LIMITED	Whole-time director	01/07/2009	20/07/2004	-	Active	NO

Name :	Mrs. Pratibha Anil Pradhan
Designation :	Director
Address :	Apt No. 802 Bldg Z Le Mirage 16 Boat Club Road, Pune – 411001, Maharashtra, India
Date of Birth/Age :	03.10.1941
Date of Appointment :	01.09.2004

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U29299PN2004PTC019530	SAMTEC TOOLS AND ACCESSORIES PRIVATE LIMITED	Director	01/09/2004	01/09/2004	-	Active	NO

Name :	Mr. Vasant Digamber Kher
Designation :	Director
Address :	105/26, Saval 14^th Floor, Prabhat Road, Erandwane, Pune – 411004, Maharashtra, India
Date of Birth/Age :	31.08.1937
Qualification:	BE
Date of Appointment :	01.08.2006

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U34300PN1985PTC035877	INDO SCHOTTLE AUTO PARTS PVT LTD	Director	12/08/1994	12/08/1994	05/07/2011	Active	NO
2	U72200MH1989PTC050829	YOJANA SYSTEMS PVT LTD	Whole-time director	15/11/2000	15/11/2000	-	Active	NO
3	U29299PN2004PTC019530	SAMTEC TOOLS AND ACCESSORIES PRIVATE LIMITED	Director	01/08/2006	01/08/2006	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Minal
Designation :	Accounts Manager
Name :	Mr. Dinesh
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 16.09.2011

Names of Shareholders	No. of Shares
Mr. Anil Vasant Pradhan	8600
Mrs. Pratibha Anil Pradhan	1400
Total	10000

Equity Shares AS ON 16.09.2011

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	To promote innovative and niche tooling solutions to meet the needs of the Indian metal working industry
Imports :
Countries :	· USA · Israel · Germany
Terms :
Selling :	Credit (30 days)
Purchasing :	Credit (30 days)

GENERAL INFORMATION

Suppliers :

• Advent Machine and Engineering
• Allied Machine and Engineering
• Ca mex Precision Tools Limited
• Co jsdill Tools Products Inc.
• Noja Engineering Limited
• S Bajan and Company
• TNT India Private Limited
• Rushikesh Enterprises

Customers :

· Wholesalers

· Retailers

· Dealers

· Government

· Techno Toolings

No. of Employees:

22 (Approximately)

Bankers :

• Kotak Mahindra Prime Limited, 36-38 A, Nariman Bhavan, 227, Nariman Point, Mumbai – 400021, Maharashtra, India
• Bank of Maharashtra, Sind Colony Branch, Baner Road, Pune - 411007, Maharashtra, India
• ICICI Bank
• Citi Bank, Pune

Facilities :

Secured Loans	31.03.2011 Rs. in Millions	31.03.2010 Rs. in Millions
Cash Credit with Bank of Maharashtra, Sindh Colony Branch, Pune. Account No. 20017402476 (The credit facility is secured against inventory and book debts)	2.161	2.808
Vehicle Loans (The credit facility is secured against hypothecation vehicles)	0.475	1.237
Total	2.637	4.045
Unsecured Loams	31.03.2011 Rs. in Millions	31.03.2010 Rs. in Millions
Loan from Director	4.500	5.962
Loan from others	0.500	0.500
Total	5.000	6.462

Banking Relations :	--
Auditors :
Name :	Rameh Rahalkar and Company Chartered Accountant
Address :	Unit No. 2, Sampada Apt, House No. 695, Natayan Peth, Lane Behind Lokhande Talim, Pune – 411030, Maharashtra, India
Tel. No.:	91-20-24452408 / 24453687
E-Mail :	rrrahalkar@vsnl.com

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs. 10 /- each	Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs. 10 /- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		27.539	27.066	26.303
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		27.639	27.166	26.403
LOAN FUNDS
1] Secured Loans		2.637	4.045	2.391
2] Unsecured Loans		5.000	6.462	6.283
TOTAL BORROWING		7.637	10.507	8.674
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		35.276	37.673	35.077
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		9.741	10.624	9.794
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		4.778	6.540	5.500
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	12.445	9.499	8.542
	Sundry Debtors	17.363	15.387	12.020
	Cash & Bank Balances	1.024	1.202	1.662
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	11.351	7.763	15.428
Total Current Assets		42.183	33.851	37.652
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	7.312	5.245	17.880
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	14.122	8.106	0.000
Total Current Liabilities		21.434	13.351	17.880
Net Current Assets		20.749	20.500	19.772
MISCELLANEOUS EXPENSES		0.008	0.009	0.011
TOTAL		35.276	37.673	35.077

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		TOTAL (A)	107.491	82.319	84.695
Less	EXPENSES
		TOTAL (B)	NA	NA	NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		11.621	11.617	12.037
Less	FINANCIAL EXPENSES (D)		0.933	0.970	1.563
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		10.688	10.647	10.474
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.450	1.534	1.263
	PROFIT BEFORE TAX (E-F) (G)		9.238	9.113	9.211
Less	TAX (I)		2.934	3.085	2.869
	PROFIT AFTER TAX (G-I) (J)		6.304	6.028	6.342
Less	APPROPRIATIONS
		Interim Dividend	2.500	4.000	0.000
		Tax on Interim Dividend	0.415	0.680	0.000
		Proposed Dividend	2.500	0.500	0.200
		Tax on Proposed Dividend	0.415	0.085	0.034
	BALANCE CARRIED TO THE B/S		0.474	0.763	6.108

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	5.86	7.32	7.49
Net Profit Margin (PBT/Sales)	(%)	NA	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	17.79	20.49	19.411
Return on Investment (ROI) (PBT/Networth)		0.33	0.34	0.35
Debt Equity Ratio (Total Liability/Networth)		1.05	0.88	1.01
Current Ratio (Current Asset/Current Liability)		1.97	2.54	2.11

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS:

During the financial year 2010-11, the company has made a 30% growth in turnover over the previous year. This has happened mainly due to increase in distribution channels and addition of new products. Pressure on the margins due to increased competition and rise in the operating costs has resulted in the net profit level to remain same as last financial year despite good increase in sales.

The company expects another 20-25% growth in the current financial year 2011-12.

NOTE:

The registered office address of the company has been shifted from B - 22, Ashwini Society, Mumbai Pune Road, Ahivajinagar, Pune – 411005, Maharashtra, India to Present address w.e.f. April, 2011

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	Yes
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter's background	--
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	Yes
15) Capital in the business	Yes
16) Details of sister concerns	--
17) Major suppliers	Yes
18) Major customers	Yes
19) Payments terms	Yes
20) Export / Import details (if applicable)	--
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	--
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

Fixed Assets:

• Land and Building
• Office Equipments
• Computer and Printers
• Furniture and Fixture
• Vehicle

Form 8:

Corporate identity number of the company	U29299PN2004PTC019530
Name of the company	SAMTEC TOOLS AND ACCESSORIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	B - 22, Ashwini Society, Mumbai Pune Road, Ahivajinagar, Pune – 411005, Maharashtra, India
This form is for	Creation of charge
Type of charge	Movable Property
Particular of charge holder	Kotak Mahindra Prime Limited, 36-38 A, Nariman Bhavan, 227, Nariman Point, Mumbai – 400021, Maharashtra, India
Nature of instrument creating charge	Loan Agreement dated 27.07.2009
Date of instrument Creating the charge	27.07.2009
Amount secured by the charge	Rs. 0.968 Million
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 9.75% Terms of Repayment 35 installments and monthly of Rs. 0.032 Million Margin Nil Extent and Operation of the charge Toyota Innova V Diesel Others Delayed payment charges : 3% monthly
Short particulars of the property charged	Toyota Innova V Diesel

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 records 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

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.44
UK Pound	1	Rs.80.37
Euro	1	Rs.69.12

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		51

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

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.