MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	GUPTA MACHINE TOOLS LIMITED	Principal Name 1	Mr. Mohan Gupta
Status	Satisfactory	Principal Name 2	Mr. Harsh Gupta
		Registration #	21-021880
Street Address	122 Avenue South, Santoshpur Flat No. B Ground Floor, Kolkata – 700 075, West Bengal, India
Established Date	28.09.1954	SIC Code	--
Telephone#	91-129-2233784	Business Style 1	Manufacturer
Fax #	91-129-2233628	Business Style 2	Exporter
Homepage	--	Product Name 1	Electronic Stampings
# of employees		Product Name 2	-
Paid up capital	Rs.50,000,000/-	Product Name 3	--
Shareholders	Bodies corporate -13.29% Directors or relatives of Directors - 86.71%	Banking	Canara Bank
Public Limited Corp.	No	Business Period	58 years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (51)
Related Company
Relation	Country --	Company Name	CEO
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	307,641,000	Current Liabilities	221,559,000
Inventories	257,591,000	Long-term Liabilities	174,475,000
Fixed Assets	359,020,000	Other Liabilities	30,613,000
Deferred Assets	0,000	Total Liabilities	426,647,000
Invest& other Assets	17,649,000	Retained Earnings	465,254,000
		Net Worth	515,254,000
Total Assets	941,901,000	Total Liab. & Equity	941,901,000
Total Assets (Previous Year)	927,197,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	1773,940,000	Net Profit	108,041,000
Sales(Previous yr)	1,631,197,000	Net Profit(Prev.yr)	51,009,000

MIRA INFORM REPORT

Report Date :

07.08.2012

IDENTIFICATION DETAILS

Name :	GUPTA MACHINE TOOLS LIMITED

Registered Office :	122 Avenue South, Santoshpur Flat No. B Ground Floor, Kolkata – 700 075, West Bengal

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	28.09.1954

Com. Reg. No.:	21-021880

Capital Investment/ Paid-up Capital:	Rs. 50.000 millions

CIN No.: [Company Identification No.]	U34300WB1954PLC021880

TAN No.: [Tax Deduction & Collection Account No.]	RTKP03265D RTKP02223E CALG00596B

PAN No.: [Permanent Account No.]	AABCG0676Q

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer, Exporter, Importer and Trader of Electronic Stampings.

No. of Employees:	Not Available

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 2060000

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is a well established and reputed company having fine track. Financial position of the company appears to be good. The company has recorded a better increase in its sales turnover and profits during 2011. Trade relations are reported as trustworthy. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal 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.

ECGC Country Risk Classification List – June 30, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	Fitch
Rating	BBB+ (Long Term Rating)
Rating Explanation	Moderate credit risk and Financial commitments is considered adequate
Date	25.05.2011

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	122 Avenue South, Santoshpur Flat No. B Ground Floor, Kolkata – 700 075, West Bengal, India
Tel. No.:	91-129-2233784
Fax No.:	91-129-2233628
E-Mail :	bharatbhushan_gupta@rediffmail.com
Head Office :	Plot No. 106, Sector – 24, Faridabad – 121 005, Haryana, India.
Tel. No.:	91-129-2233784 / 4103783/4103784/4021354, 4021355, 4021579, 4021631
Fax No.:	91-129-2233628/41608022
E-Mail :	preti@vsnl.com precisionstampings@airtelbroadband.in preti@del2.vsnl.net.in precisionstampings@touchtelindia.net
Website :	http://www.precision-stampings.com
Area :	5500 sq. mtrs.
Location :	Owned

Branch Office :	W-2, Greater Kailash-II , New Delhi-110048, India
Tel. No.:	91-11-29210901, 29214856
Fax No.:	91-11-29214861

PRECISION STAMPINGS UNIT II:	71, Sector-25, Faridabad-121005 , Haryana, India
Tel. No.:	91-129-5061065, 5060216

PRECISION STAMPINGS UNIT III:	Plot No. 1, Gat No. 907/2, Sanaswadi, Shirpur, Pune, Maharashtra, India
Tel. No.:	91-2137-252139, 252151

GOA PRECISION STAMPINGS PRIVATE LIMITED:	Plot No. 7, Kurti Haveli, Opp. Kurti Chemicals and Ponda , Goa-403401
Tel. No.:	91-832-2314996, 2314997

DIRECTORS

As on 28.09.2011

Name :

Mr. Mohan Gupta

Designation :

Managing Director and Chairman

Address :

122 Avenue South, Santoshpur Flat No. B Ground Floor, Kolkata – 700 075, West Bengal, India

Date of Birth/Age :

26.08.1952

Qualification :

Graduate

Date of Appointment :

01.07.1981

Din No.:

00593026

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34300WB1954PLC021880	GUPTA MACHINE TOOLS LTD	Managing director	01/07/2011	01/07/1981	-	Active	NO
2	U74899DL1984PTC018541	ATIGNAS THADERS PRIVATE LIMITED	Director	28/08/1984	28/08/1984	-	Active	NO
3	U74899DL1986PTC026076	PRECISION STAMPINGS PRIVATE LTD.	Director	13/11/1986	13/11/1986	-	Active	NO
4	L74899DL1985PLC020183	ANUPAM MERCANTILE LIMITED	Director	15/07/1991	15/07/1991	-	Active	NO
5	U67120DL1984PLC017505	PALE HOLDINGS LIMITED	Director	14/09/1992	14/09/1992	-	Active	NO
6	U29199GA1992PTC001285	GOA PRECISION STAMPING PRIVATE LIMITED	Director	08/10/1992	08/10/1992	-	Active	NO
7	U74899DL1993PTC053973	ADHAR CREDITS PRIVATE LIMITED	Director	09/06/1993	09/06/1993	-	Active	NO
8	U74899DL1989PTC038065	SHASHI CARRIERS PRIVATE LIMITED	Director	01/07/1997	01/07/1997	-	Active	NO
9	U51219DL1996PTC075521	NEERAJ TRADERS PRIVATE LIMITED	Director	25/09/2010	16/01/2010	-	Active	NO

Name :

Mr. Harsh Gupta

Designation :

Director - Operations

Address :

W-2, Greater Kailash – II, New Delhi – 110 048, India

Date of Birth/Age :

01.01.1976

Qualification :

Graduate

Date of Appointment :

01.07.1999

Din No.:

00405675

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1993PTC053973	ADHAR CREDITS PRIVATE LIMITED	Director	31/03/1994	31/03/1994	-	Active	NO
2	U74899DL1984PTC018541	ATIGNAS THADERS PRIVATE LIMITED	Director	01/08/1994	01/08/1994	-	Active	NO
3	U29199GA1992PTC001285	GOA PRECISION STAMPING PRIVATE LIMITED	Director	23/11/1994	23/11/1994	-	Active	NO
4	U67120DL1984PLC017505	PALE HOLDINGS LIMITED	Director	31/03/1995	31/03/1995	-	Active	NO
5	U74899DL1989PTC038065	SHASHI CARRIERS PRIVATE LIMITED	Director	01/09/1996	01/09/1996	-	Active	NO
6	U34300WB1954PLC021880	GUPTA MACHINE TOOLS LTD	Whole-time director	01/07/2011	01/07/1999	-	Active	NO
7	L74899DL1985PLC020183	ANUPAM MERCANTILE LIMITED	Director	01/03/2007	01/03/2007	-	Active	NO
8	U51219DL1996PTC075521	NEERAJ TRADERS PRIVATE LIMITED	Director	25/09/2010	16/01/2010	-	Active	NO

Name :

Smt. Sangita Gupta

Designation :

Director

Address :

W-2, Greater Kailash – II, New Delhi – 110 048, India

Date of Birth/Age :

09.03.1956

Date of Appointment :

21.06.1991

Din No.:

00596747

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1984PTC018541	ATIGNAS THADERS PRIVATE LIMITED	Director	28/08/1984	28/08/1984	-	Active	NO
2	U74899DL1986PTC026076	PRECISION STAMPINGS PRIVATE LTD.	Director	13/11/1986	13/11/1986	-	Active	NO
3	U34300WB1954PLC021880	GUPTA MACHINE TOOLS LTD	Director	21/06/1991	21/06/1991	-	Active	NO
4	U29199GA1992PTC001285	GOA PRECISION STAMPING PRIVATE LIMITED	Director	08/10/1992	08/10/1992	-	Active	NO

Name :

Sri Madan Lal Bhagat

Designation :

Secretary and Director

Address :

P 24 B Cit Road, Scheme VI, Kolkata – 700 054, West Bengal, India

Date of Birth/Age :

07.03.1943

Date of Appointment :

30.09.1996

Din No.:

00603910

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34300WB1954PLC021880	GUPTA MACHINE TOOLS LTD	Director	30/09/1996	30/09/1996	-	Active	NO
2	U51909WB1993PTC057588	SAFEGROW MERCHANDISE PVT LTD	Director	31/03/2000	31/03/2000	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2011

Names of Shareholders	No. of Shares
Mohan Gupta	87055
Harsh Gupta	53400
Sangita Gupta	49950
Aditi Gupta	200
Mohan Gupta HUF	40220
Anupam Mercantile Limited – New Delhi	12810
Atignas Traders Private Limited - New Delhi	10860
Pale Holdings Limited - New Delhi	12700
Adhara Credit Private Limited - New Delhi	3500
Bhagat M.L	2
Bhagat Champa Devi	1
Bhagat Sumit	1
Bhagat Amit	1
Rashi Gupta	21500
Harsh Gupta HUF	4000
Gupta Yashovardhan	1900
Gupta Shauryavardhan	1900
Total	300000
Names of Preference Shareholders	No. of Preferences Shares
Shashi Carriers Private Limited – New Delhi	160000
Anupam Mercantile Limited – New Delhi	21000
Pale Holding Limited – New Delhi	16500
Adhara Credit Private Limited – New Delhi	2500

Total	200000

As on 28.09.2011

Category		Percentage

Bodies corporate		13.29
Directors or relatives of directors		86.71

Total		100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter, Importer and Trader of Electrical Stampings.

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Electrical Stampings.	MT	8500	2100	14218.739
Lamination for Motors	Nos.	--	--	789349
Transformer	Rs.	--	--	7806147
Jigs, Fixtures,	Nos.	--	--	1
Gauges	Rs.	63.600	63.000	--
Tools And Moulds	Nos.	--	--	(14)

Notes:

* production and sales shown including job work from customer’s materials in finished and semi-finished condition total production and sales quantity 867.748 M.T (Previous year 882.474 M.T)

* inter unit job work and sales has not been included in production and sales figure.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Canara Bank, 74, Janpath, Cannaught Place, New Delhi – 110001, Delhi, India

Facilities :

Rs. In Millions

SECURED LOAN	31.03.2011	31.03.2010
Rupee term loans banks secured	33.994	44.005
Other debt secured	117.121	125.417
Total	151.115	169.422

UNSECURED LOAN	31.03.2011	31.03.2010
Loans directors unsecured	0.700	0.700
Other debt unsecured	22.660	40.825
Total	23.360	41.525


Banking Relations :	--

Auditors :
Name :	B.M.Chatrath & Company Chartered Accountant
Address :	D-26, Sector-3, Noida -201301, Uttar Pradesh, India
Pan No.:	AACFB7576N

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount

300000	Equity Shares	Rs.100/- each	Rs. 30.000 Millions
200000	5% Redeemable Cumulative Preference Shares	Rs.100/- each	Rs. 20.000 millions
	Total		Rs. 50.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

300000	Equity Shares	Rs.100/- each	Rs. 30.000 Millions
200000	5% Redeemable Cumulative Preference Shares	Rs.100/- each	Rs. 20.000 millions
	Total		Rs. 50.000 millions

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		50.000	50.000	50.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		465.254	411.316	360.307
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		515.254	461.316	410.307
LOAN FUNDS
1] Secured Loans		151.115	169.422	173.333
2] Unsecured Loans		23.360	41.525	35.948
TOTAL BORROWING		174.475	210.947	209.281
DEFERRED TAX LIABILITIES		25.575	25.109	24.072

TOTAL		715.304	697.372	643.660

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		359.020	412.857	423.230
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		17.649	17.649	10.446
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	257.591	203.074	123.010
	Sundry Debtors	239.010	231.358	148.723
	Cash & Bank Balances	19.971	16.846	11.960
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	48.660	45.413	35.591
Total Current Assets		565.232	496.691	319.284
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	198.632	190.139	77.248
	Other Current Liabilities	22.927	16.565	6.724
	Provisions	5.038	23.121	25.328
Total Current Liabilities		226.597	229.825	109.300
Net Current Assets		338.635	266.866	209.984

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		715.304	697.372	643.660

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1773.940	1631.197	1680.787
		Job Work Receipts		9.466	10.598
		Income from Tool Development		2.753	2.566
		Other Income	52.564	6.790	4.316
		TOTAL (A)	1826.504	1650.206	1698.267

Less	EXPENSES
		Cost of Raw materials consumed/sold	0.000	1079.736	1119.628
		Manufacturing Expenses	84.520	76.718	68.000
		Payment to and provisions for employees	43.524	39.856	34.324
		Selling expenses	0.000	48.699	40.445
		Other expenses	0.000	15.351	14.042
		Duties and taxes	0.000	188.136	244.644
		Provision for excise duty on closing stock	0.000	1.251	0.945
		Expenses related to earlier years	0.000	0.052	0.013
		Increase/decrease in stock	0.000	12.755	(20.730)
		Consumption materials changes inventories	1158.064	0.000	0.000
		Administrative selling other expenses	329.309	0.000	0.000
		TOTAL (B)	1615.417	1462.554	1501.311

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		211.087	187.652	196.956

Less	FINANCIAL EXPENSES (D)		31.563	28.693	45.729

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		179.524	158.959	151.227

Less/ Add	DEPRECIATION/ AMORTISATION (F)		25.822	24.972	24.608

	PROFIT BEFORE TAX (E-F) (G)		153.702	133.987	126.619

Less	TAX (I)		45.661	82.978	67.915

	PROFIT AFTER TAX (G-I) (J)		108.041	51.009	58.704

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		6.316	5.307	6.603

Less	APPROPRIATIONS
		Transfer to General Reserve	109.103	50.000	60.000
	BALANCE CARRIED TO THE B/S		5.254	6.316	5.307

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	62.293	41.017	122.616
	TOTAL EARNINGS		62.293	41.017	122.616

	IMPORTS
		Raw Materials	344.419	273.121	320.941
	TOTAL IMPORTS			273.121	320.941

	Earnings Per Share (Rs.)		216.082	278.89	272.29

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	5.92	3.09	3.46

Net Profit Margin (PBT/Sales)	(%)	8.66	8.21	7.53

Return on Total Assets (PBT/Total Assets}	(%)	16.63	14.73	17.05

Return on Investment (ROI) (PBT/Networth)		0.30	0.29	0.31

Debt Equity Ratio (Total Liability/Networth)		0.78	0.96	0.78

Current Ratio (Current Asset/Current Liability)		2.49	2.16	2.92

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the firm	Yes
Premises details	Yes
Type of Business	Yes
Line of Business	Yes
Promoters background	Yes
No. of Employees	No
Name of Person Contacted	No
Designation of contact person	No
Turnover of firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-
Estimation for coming financial year	-
Capital the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payment Terms	No
Export / Import Details [If Applicable]	No
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	Yes
Incorporation details, if applicable	Yes
Last accounts filed at ROC	Yes
Major Shareholders, if applicable	Yes
PAN of Proprietor/Partner/Director, if available	No
Date of Birth of Proprietor/Partner/Director, if available	Yes
Voter ID No of Proprietor/Partner/Director, if available	No
External Agency Rating, if available	Yes

REVIEW AND FUTURE PROSPECTS:

During the year the total Turnover of the company in value terms increased by 8.84% from Rs. 1640.663 Millions to Rs. 1785.677 Millions which includes job work receipts Rs. 11.737 Millions (1784.856 M.Ton). Export Turnover increased by 151.65 % from Rs. 30.700 Millions to Rs. 77.258 Millions However, domestic turnover increased only by 6.12% in value wise. Quantity wise total turnover increased marginally by less than one percent at 0.71% from 14237.509 M.Ton to 14338.351 M.Ton. and Production increased from 14218.739 M.Ton to 14391.040 M. Ton. Profit during the year increased from Rs. 133.988 Millions to Rs 153.702 Millions showing a jump of 14.71% compared to last year's profits, this jump in the net profit was mainly due to increase in the other income from Rs. 6.790 Millions to Rs. 33.995 Millions

The outlook for the current year appears stable due to stagnant economic conditions in India especially in their Industry, but, in Europe, their efforts have started yielding results, which is reflected in the export performance in the year under review. The current year shows even better exports, and they expect this trend will continue in the coming years. More than 10 new foreign customers were added last year and few more have already approved their samples and they expect that these approvals will shortly be converted in confirm orders. If the export business grows significantly the company will have to add capacity by starting a new export oriented unit at or near a port. Raw material availability is stable but prices are volatile.

FORM 8

Corporate identity number of the company	U34300WB1954PLC021880
Name of the company	GUPTA MACHINE TOOLS LIMITED
Address of the registered office or of the principal place of business in India of the company	122 Avenue South, Santoshpur Flat No. B Ground Floor, Kolkata – 700 075, West Bengal, India Email: bharatbhushan_gupta@rediffmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	80029522
Type of charge	Immovable property
Particular of charge holder	Canara Bank - PCB-II, 2nd Floor, World Trade Tower, Barakhamba Lane, New Delhi – 110001, Delhi, India e-mail id: smcb1942@canarabank.com
Nature of instrument creating charge	Letter Evidencing Deposit Of Title Deeds (No.3) and Common Hypothecation Agreement
Date of instrument Creating the charge	21.06.2011
Amount secured by the charge	Rs.615.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest: Rate Of Interest As May Be Specified By The Bank From Time To Time. Presently Base Rate+3.00% Terms of repayment As per agreement Margin As per agreement Extent and operation of the charge 100%
Short particulars of the property charged (Including location of the property)	Emt Of All The Piece and Parcel Of Land and Building Situated At Plot no. 106,Sector-24, Measuring At 9700sq Yards, IN URBAN Estate, Faridabad and Plot No. 71, Sector-25, Faridabad, Measuring At 14622 Sq Yards Plot no. 1, gat no. 907, HISSA NO. 2, Village - Sanaswadi, Taluk - Shirur, District - Pune, Maharashtra, Measuring Hectares 0.73 Ares
Particulars of the present modification	Extent Of Operation Of Charge Over Emt Of Propertyies Situated At Plot No. 106, Sector-24, Measuring At 9700 SQ Yards, and Plot No. 71, Sector-25, Measuring 14622.22 SQ Yard, Both In Faridabad, and Plot No. 1, Gat No. 907, Hissa NO. 2, Village - Sanaswadi, Taluk - Shirur, District - Pune, Stand Enahcned From RS. 568.500 Millions To Rs. 615.0 Millions I.E. OCC (STOCK/BD) OF RS. 2200 LACS, PC/FDB/FBE of Rs. 50.000 Millions ILC/FLC/BG of Rs.260.000 Millions term loans of Rs.85.000 Millions other t and c remain the same.

FIXED ASSETS

Land
Building
Land And Building
Plant and Machinery
Furniture and fixture
Office Equipment
Electrical Installation
Measuring, Handing and Testing Equipment
Motor Vehicles
Truck Tempo

AS PER WEB SITE DETAILS:

PROFILE

Precision Stampings was set up in 1971 at Faridabad, the satellite industrial township, 20 km from the National capital New Delhi. With an annual turnover of Rs. 350 million and an utilised capacity of 4000 tones, the unit turns over a large variety of stampings and laminations for a host of rotating machines. A sophisticated tool room that takes care of all captive tool requirements in the manufacture of stampings and laminations is a major strength of the unit. Manned by over 200 skilled workforce and engineers, the company boasts of a high degree of professionalism in manufacturing and marketing.

The parent company Subject was a pioneering venture in early 60s with its first unit Precision Tools and Instruments, Calcutta manufacturing gauges, gear cutting tools, steering worms etc. The unit was essentially a sophisticated tool room and machining centre. Precision Stampings came up next.

Subject also provided Technical knowhow to a Malaysian company for the manufacture of gauges, tools, stampings and laminations.

In the year 1994, The Company set up a new unit called "Precision Lamps" for manufacture of H3 Halogen lamps. This is a 100% E.O.U. with foreign collaboration.

In the year 2000, the company set up another unit called "Precision Stampings Unit No. II" located at Plot No. 71, Sector -25, Faridabad for manufacture of Electrical Stampings and Laminations. This Plant has been set up on the most modern Automatic lines with number of high speed presses that will double the capacity of our existing unit.

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.55.47
UK Pound	1	Rs.86.61
Euro	1	Rs.68.66

INFORMATION DETAILS

Report Prepared by :

BYI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
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	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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
-	NB	New Business	-

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.

MIRA INFORM REPORT

257.591

203.074

123.010

239.010

231.358

148.723

19.971

16.846

11.960

0.000

0.000

0.000

48.660

45.413

35.591

565.232

198.632

190.139

77.248

22.927

16.565

6.724

5.038

23.121

25.328

226.597

338.635

266.866

209.984

3.09

8.21

14.73

0.29

0.96

2.16

Unit