MIRA INFORM REPORT

Report Date :

12.07.2012

IDENTIFICATION DETAILS

Name :	K PATEL METAL INDUSTRIES PRIVATE LIMITED
Registered Office :	A-101, Alaknanda, Annasahab Vartak Marg, Borivali (West), Mumbai - 400092, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.07.1992
Com. Reg. No.:	11-067720
Capital Investment/ Paid-up Capital:	Rs.5.000 Millions
CIN No.: [Company Identification No.]	U27201MH1992PTC067720
TAN No.: [Tax Deduction & Collection Account No.]	MUMK04746A
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Insulated Copper Winding Wire and Strips.
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 249000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Trade relations are reported to be fair. Business is active. Payment are reported to be usually correct and as per commitment. The company can be considered for normal business dealing 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

LOCATIONS

Registered Office :	A-101, Alaknanda, Annasahab Vartak Marg, Borivali (West), Mumbai - 400092, Maharashtra, India
Tel. No.:	91-22-28994142
Fax No.:	91-22-28986067
E-Mail :	sales@kpwires.com accounts@kpwires.com
Website :	http://www.kpwires.com
Marketing Office :	104, Kent Garden, TPS.III Annasaheb Vartak Marg, Borivali (West), Mumbai - 400092, Maharashtra, India
Tel. No.:	91-22-28334142
Fax No.:	91-22-28990583
Factory :	143/K, Amalia, Dabhel, Nani Daman – 396210, India
Tel. No.:	91-260-2244973
Fax No.:	91-260-2241968
E-Mail :	works@kpwires.com

DIRECTORS

As on: 22.08.2011

Name :

Mr. Meghjibhai Kanjibhai Patel

Designation :

Director

Address :

9, Avkar, Adarsh, Dugdhalaya Lane, Off., Marve Road, Malad West, Mumbai – 400 064, Maharashtra , India

Date of Birth/Age :

19.08.1936

Date of Appointment :

15.07.1992

DIN No.:

00087150

Other Directorships :

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	U45200MH1973PTC017100	K. PATEL AND COMPANY PRIVATE LIMITED	Director	28/12/1973	28/12/1973	-	Active	NO
2	U24299GJ1974PTC002632	K PATEL CHEMO-PHARMA PRIVATE LIMITED	Director	10/12/1974	10/12/1974	-	Active	NO
3	U27201MH1992PTC067720	K PATEL METAL INDUSTRIES PRIVATE LIMITED	Director	15/07/1992	15/07/1992	-	Active	NO
4	U24230MH2004PTC149202	K PATEL PHYTO EXTRACTIONS PRIVATE LIMITED	Director	21/10/2004	21/10/2004	-	Active	NO
5	U65920MH1992PTC067555	NEW PADMAVATI FINANCE AND TRADING PRIVATE LIMITED	Director	06/07/2006	06/07/2006	-	Active	NO

Name :

Mr. Nilesh Gopalbhai Patel

Designation :

Director

Address :

9, Avkar, Adarsh, Dugdhalaya Lane, Off., Marve Road, Malad West, Mumbai – 400 064, Maharashtra , India

Date of Birth/Age :

11.05.1971

Date of Appointment :

15.07.1992

DIN No.:

00028138

Other Directorships :

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	U24299GJ1974PTC002632	K PATEL CHEMO-PHARMA PRIVATE LIMITED	Director	01/04/1992	01/04/1992	-	Active	NO
2	U27201MH1992PTC067720	K PATEL METAL INDUSTRIES PRIVATE LIMITED	Director	15/07/1992	15/07/1992	-	Active	NO
3	U65920MH1992PTC067555	NEW PADMAVATI FINANCE AND TRADING PRIVATE LIMITED	Director	21/07/1992	21/07/1992	-	Active	NO
4	U24239MH1982PTC026546	K PATEL DYE-CHEM INDUSTRIES PRIVATE LIMITED	Director	01/06/1998	01/06/1998	-	Active	NO
5	U24230MH2004PTC149202	K PATEL PHYTO EXTRACTIONS PRIVATE LIMITED	Director	21/10/2004	21/10/2004	-	Active	NO

Name :

Mr. Jitendra Meghji Patel

Designation :

Director

Address :

9, Avkar, Adarsh, Dugdhalaya Lane, Off., Marve Road, Malad West, Mumbai – 400 064, Maharashtra , India

Date of Birth/Age :

05.06.1958

Date of Appointment :

15.07.1992

DIN No.:

00028001

Other Directorships :

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	U24299GJ1974PTC002632	K PATEL CHEMO-PHARMA PRIVATE LIMITED	Director	18/08/1984	18/08/1984	-	Active	NO
2	U27201MH1992PTC067720	K PATEL METAL INDUSTRIES PRIVATE LIMITED	Director	15/07/1992	15/07/1992	-	Active	NO
3	U65920MH1992PTC067555	NEW PADMAVATI FINANCE AND TRADING PRIVATE LIMITED	Director	21/07/1992	21/07/1992	-	Active	NO
4	U45200MH1973PTC017100	K. PATEL AND COMPANY PRIVATE LIMITED	Director	21/06/1993	21/06/1993	-	Active	NO
5	U24230MH2004PTC149202	K PATEL PHYTO EXTRACTIONS PRIVATE LIMITED	Director	21/10/2004	21/10/2004	-	Active	NO
6	U24239MH1982PTC026546	K PATEL DYE-CHEM INDUSTRIES PRIVATE LIMITED	Director	07/12/2006	07/12/2006	-	Active	NO
7	U73100GJ2005PLC046186	ANKLESHWAR RESEARCH AND ANALYTICAL INFRASTRUCTURE LIMITED	Director	29/09/2008	29/09/2008	-	Active	NO

Name :

Mr. Girish Meghjibhai Patel

Designation :

Director

Address :

9, Avkar, Adarsh, Dugdhalaya Lane, Off., Marve Road, Malad West, Mumbai – 400 064, Maharashtra , India

Date of Birth/Age :

08.05.1961

Date of Appointment :

15.07.1992

DIN No.:

00028052

Other Directorships :

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	U45200MH1973PTC017100	K. PATEL AND COMPANY PRIVATE LIMITED	Director	01/04/1989	01/04/1989	-	Active	NO
2	U27201MH1992PTC067720	K PATEL METAL INDUSTRIES PRIVATE LIMITED	Director	15/07/1992	15/07/1992	-	Active	NO
3	U65920MH1992PTC067555	NEW PADMAVATI FINANCE AND TRADING PRIVATE LIMITED	Director	21/07/1992	21/07/1992	-	Active	NO
4	U24299GJ1974PTC002632	K PATEL CHEMO-PHARMA PRIVATE LIMITED	Director	21/11/1995	21/11/1995	-	Active	NO
5	U24230MH2004PTC149202	K PATEL PHYTO EXTRACTIONS PRIVATE LIMITED	Director	21/10/2004	21/10/2004	-	Active	NO

Name :

Mr. Hitesh Gopalbhai Patel

Designation :

Director

Address :

9, Avkar, Adarsh, Dugdhalaya Lane, Off., Marve Road, Malad West, Mumbai – 400 064, Maharashtra , India

Date of Birth/Age :

22.12.1972

Date of Appointment :

15.07.1992

DIN No.:

00086810

Other Directorships :

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	U24239MH1982PTC026546	K PATEL DYE-CHEM INDUSTRIES PRIVATE LIMITED	Director	01/04/1992	01/04/1992	-	Active	NO
2	U27201MH1992PTC067720	K PATEL METAL INDUSTRIES PRIVATE LIMITED	Director	15/07/1992	15/07/1992	-	Active	NO
3	U65920MH1992PTC067555	NEW PADMAVATI FINANCE AND TRADING PRIVATE LIMITED	Director	21/07/1992	21/07/1992	-	Active	NO
4	U45200MH1973PTC017100	K. PATEL AND COMPANY PRIVATE LIMITED	Director	21/06/1993	21/06/1993	-	Active	NO
5	U31300MH1973GAP016998	WINDING WIRES MANUFACTURERS ASSOCIATION OF INDIA	Director	28/09/2001	28/09/2001	-	Active	NO
6	U24230MH2004PTC149202	K PATEL PHYTO EXTRACTIONS PRIVATE LIMITED	Director	21/10/2004	21/10/2004	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 22.08.2011

Names of Shareholders	No. of Shares
Jitendra Meghji Patel	83200
Girish Meghji Patel	83250
Nilesh Gopalbhai Patel	87700
Hitesh Gopalbhai Patel	87750
Meghjibhai K Patel	69500
Gopalbhai K Patel	60800
Damayantiben M Patel	4500
Shantaben G Patel	4500
Punita J Patel	4500
Rekha G Patel	4500
Meghjibhai Patel and other (new)	500
K Patel Chemo Pharma Private Limited, India	100
K Patel and Company Private Limited, India	100
Varsha Nilesh Patel	4500
Kavita Hitesh Patel	4500
K Patel Dyechem Industries Private limited, India	100
Total	500000

Equity Share Break up (Percentage of Total Equity)

As on: 22.08.2011

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Insulated Copper Winding Wire and Strips.
Products :	· Enamelled Rectangular Copper Wires (Strips) · Enamelled Round Copper Wires · Glass Fibre Covered Copper Wires and Strips · Paper Covered Copper Wires and Strips · Bare Copper Wires and Strips

PRODUCTION STATUS (As on: 31.03.2011)

Particulars	Installed Capacity
Bare Copper Wire and Strips	3180000.00
Enamelled Copper Wire and Strips	3180000.00

Particulars	Actual Production
Bare Copper Wire	88786.550
Enamelled Copper Wire	1045124.420
Bare Copper Strip	66703.750
Enamelled Copper Strip	727635.340
Fibre Glass Bare Copper Strips	159829.490
Fibre Glass Bare Copper Wire	12288.800
Fibre Glass ECW / ECS	6334.880
Paper Cover Wire / Strip / Nomex	66018.510
Commercial Grade Copper	85624.350

Note:

1 Bare Copper Wire Production of 88786.550 Kgs. (Previous year 87516.830 Kgs) includes 00.00 Kgs. (Previous Year 15217.230 Kgs.) Process for others.

2 Enamelled Copper Wire Production of 1045124.420 Kgs. (Previous year 1138300.990 Kgs) includes 156955.150 Kgs. (Previous Year 233178.050 Kgs.) Process for others.

3 Bare Copper Strips Production of 66703.750 Kgs. (Previous year 68419.990 Kgs) includes Kgs. (Previous Year 2094.780 Kgs.) Process for others.

4 Enamelled Copper Strips Production of 727635.340 Kgs. (Previous year 575491.720 Kgs) includes 183514.080 Kgs (Previous Year 128945.380 Kgs.) Process for others.

5 Fibre Glass Bare Copper Strips Production of 159829.490Kgs. (Previous year 81372.170 Kgs) includes 94316.810Kgs (Previous Year 14289.200 Kgs.) Process for others.

6 Fibre Glass Bare Copper Wire Production of 12288.800 Kgs. (Previous year 2443.340 Kgs) includes 11289.870 Kgs (Previous Year 1461.050 Kgs.) Process for others.

7 Fibre Glass Enamelled Copper Wire / Strips Production of 6334.880 Kgs. (Previous year 00.000 Kgs) includes 2381.040 Kgs (Previous Year 0.000 Kgs.) Process for others.

8 Commercial Grade Copper Production of 85624.350 Kgs. (Previous year 78815.400 Kgs) includes 2960.080 Kgs (Previous Year 2416.230 Kgs.) Process for others.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Bank of Baroda, Sir, P. M. Road Branch, Laxmi Insurance Building, Ground Floor, Sir, P. M. Road, Fort,, Mumbai - 400001, Maharashtra, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Term Loan from Bank of Baroda
From Bank	22.300	28.700
Working Capital Loans
From Bank (Cash Credit / Packing Credit / Overdraft / Foreign bill purchase)	180.746	127.577
Total	203.046	156.277
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Long Term
From Body Corporates	21.000	25.000
Short Term
From Share Holder	0.000	13.300
From Body Corporates-Other	48.582	0.000
Total	69.582	38.300

Banking Relations :	--
Auditors :
Name :	Kiran Desai and Associates Chartered Accountants
Address :	B/505, Knox Plaza, Mind Space, Off. New Link Road, Malad (West), Mumbai – 400064, Maharashtra, India
Tel. No.:	91-22-28710306
PAN No.:	AAEPD2161R

CAPITAL STRUCTURE

As on: 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 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		5.000	5.000	5.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		57.336	44.447	28.631
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		62.336	49.447	33.631
LOAN FUNDS
1] Secured Loans		203.046	156.277	109.053
2] Unsecured Loans		69.582	38.300	15.000
TOTAL BORROWING		272.628	194.577	124.053
DEFERRED TAX LIABILITIES		2.114	0.089	0.000
TOTAL		337.078	244.113	157.684
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		69.351	61.917	62.229
Capital work-in-progress		0.000	0.000	5.054
Advance to Contractor / Supplier for Capital Work		1.393	1.869	1.930
INVESTMENT		0.006	0.006	0.006
DEFERREX TAX ASSETS		0.000	0.000	3.501
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	62.677	64.181	23.590
	Sundry Debtors	227.947	141.975	58.675
	Cash & Bank Balances	8.733	8.265	1.934
	Other Current Assets	2.770	2.817	3.067
	Loans & Advances	10.035	9.502	11.994
Total Current Assets		312.162	226.740	99.260
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	33.896	38.303	10.080
	Other Current Liabilities	6.886	4.656	0.304
	Provisions	5.052	3.460	3.912
Total Current Liabilities		45.834	46.419	14.296
Net Current Assets		266.328	180.321	84.964
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		337.078	244.113	157.684

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	935.971	661.326	487.546
		Labour Job	18.710	15.363	8.019
		Duty Drawback on Export	0.237	0.148	0.081
		TOTAL (A)	954.918	676.837	495.646
Less	EXPENSES
		Raw Materials Consumed	816.464	583.518	423.709
		Purchase of Finished Goods	0.000	0.192	0.000
		Manufacturing Expenses	58.565	47.968	33.784
		Administrative, Selling and Distribution Expenses	26.740	22.235	18.767
		Increase / (Decrease) In WIP/ Finished Goods	0.092	(28.011)	19.612
		TOTAL (B)	901.861	625.902	495.872
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		53.057	50.935	(0.226)
Less	FINANCIAL EXPENSES (D)		26.797	19.321	13.489
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		26.260	31.614	(13.715)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		9.629	8.233	4.713
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		16.631	23.381	(18.428)
Less	TAX (H)		3.742	7.565	(1.645)
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		12.889	15.816	(16.783)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		44.447	28.631	(45.414)
	BALANCE CARRIED TO THE B/S		57.336	44.447	28.631
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	55.765	41.810	50.739
	TOTAL EARNINGS		55.765	41.810	50.739
	Earnings Per Share (Rs.)		25.78	NA	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.35	2.34	(3.39)
Net Profit Margin (PBT/Sales)	(%)	1.78	3.54	(3.78)
Return on Total Assets (PBT/Total Assets}	(%)	4.36	8.10	(11.41)
Return on Investment (ROI) (PBT/Networth)		0.27	0.47	(0.55)
Debt Equity Ratio (Total Liability/Networth)		5.11	4.87	4.11
Current Ratio (Current Asset/Current Liability)		6.81	4.88	6.94

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	No
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	No
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

FINANCIAL RESULTS:

The financial results for the year under consideration showed Net Profit of Rs.16.631 Millions as against Net Profit of Rs.23.381 Millions in Previous Year.

CONTINGENT LIABILITIES:

(Rs. In Millions)

Particular	31.03.2011	31.03.2010
Guarantees provided by the bankers on behalf of Company	21.947	36.947
Sales bill discounted by the company with bank	14.500	1.555

Bankers Charges Report as per Registry

Corporate identity number (CIN) or foreign company registration number of the company	U27201MH1992PTC067720
Name of the company	K PATEL METAL INDUSTRIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	A-101, Alaknanda, Annasahab Vartak Marg, Borivali (West), Mumbai - 400092, Maharashtra, India E-mail: accounts@kpwires.com
This form is for	Creation of charge
Type of charge	· Movable property · Book debts · Movable property (not being pledge) · Others (For Stock/Book Debts/Vehicles/Moveable Machinery)
Particular of charge holder	Bank of Baroda, Sir, P. M. Road Branch, Laxmi Insurance Building, Ground Floor, Sir, P. M. Road, Fort,, Mumbai - 400001, Maharashtra, India E-mail: ravinputhran@yahoo.co.in
Nature of instrument creating charge	Composite hypothecation agreement Memorandum of entry for creation of security by way of equitable mortgage by deposit of title deed
Date of instrument Creating the charge	28.02.2011
Amount secured by the charge	Rs.273.900 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Base rate + 5% ie 14.50% p.a with monthly rests ( term loan I and II, cash credit) Upto 180days : base rate +1.25% ie 10.75% p.a with monthly rests (packing credit) Terms of Repayment Term loan I: repayment in 16 quarterly installments of Rs. 1.200 Millions each Term loan II: repayment in 15quarterly installments of Rs.0.400 Million each and last installment of Rs.0.3 Million Cash credit(hypothecation of stocks and book debts) Sub limit: PC/FBP/UFBP/UFBD ( 120 days),DAUE,BP/BD Letter of credit (upto 180 days) for procurement of raw materials Bank guarantee- for procurement of raw materials Letter of credit (Inland/FGN)-DP/DA 90/180 days Sub limit inland/foreign bank guarantee(performance / financial) Margin 33% on term loan I 36.93% on term loan II 25% on cash credit (hypothecation of stocks and book debts) Sub limit: Pc 25% & FBP : Nil Nil on BP/BD 10% on letter of credit (upto 180 days) for procurement of raw materials 10% on bank guarantee- for procurement of raw materials 10% on letter of credit (Inland/FGN)-DP/DA 90/180 days 10% on sub limit bank guarantee(performance / financial) Extent and Operation of the charge Bank of Baroda B/O Sir P. M. Road Laxmi Insurance Building Mumbai First Charge Holder
Short particulars of the property or asset(s) charged (including complete address and location of the property)	The whole of the borrower's stocks, both present and future and including but without prejudice to the generality of the foregoing words, all Stocks of Raw Materials, WIP and Finished Goods All the present and future book debts, outstanding moneys, receivables, claims, bills, contracts, engagement and securities which are now due and owing or which may at anytime hereafter All the tangible movable machinery and plant and cranes, boats and crafts and the vehicles of the borrower together with spares, tools and accessories and other movables, both present and future Sub divided land bearing Plot No 143-K (143/11) Admeasuring 1545 Sq Mtrs Situate At Village Dabhel Group Gram Panchayat, Nani Daman, Sub District and District Daman belonging to the company Flat No A-102 Admeasuring 1036 Sq Ft Situate On The 1st Floor of Alaknanda Apartment, Borivali(W),Mumbai- 400092 belonging to the company Sub divided land bearing Plot No 143-J Admeasuring 1295 Sq Mtrs Situate At Village Dabhel Group Gram Panchayat, Nani Daman, Sub District and District Daman belonging to the company

FIXED ASSETS:

· Factory Plot

· Office Premises

· Factory Building

· Borewell

· Plant and Machinery

· Plant and Machinery and Other Facilities

· Electrical Installation

· Laboratory Equipment

· Fire Extinguisher

· Vaccum Cleaner

· Water Cooler

· Air Conditioner

· Time Attendance System

· Refrigerator

· Mobile Phone

· Zerox Machine

· Fax Machine

· CCTV –Camera

· Typewriter

· Telephone Instrument

· Pager

· Furniture and Fixture

· Television

· Storage Facilities

· Scooter/Motorcycle

· Motor Car

· Equipment, Tools, Jigs, Dies

· Computer

AS PER WEBSITE DETAILS:

PRESS RELEASE

K. Patel Metal Industries Private Limited announces the launch of their Business Website.

K. Patel Metal Industries Private Limited, Maharashtra is delighted to announce the launch of its website http://www.indiamart.com/k-patel-metal/ that will be of tremendous value to our customers.

FOR IMMEDIATE RELEASE

Mumbai, Maharashtra, India, Republic of (Free-Press-Release.com) June 13, 2011 -- The company, is one of the most reputed manufacturers and suppliers of Copper Wires has stepped forward to unveil its ultimate goal to make business as simple as a click through its comprehensive website. The new site offers detail product information, contact information, user-friendly uct navigation with comprehensive information regarding the company's profile.

Our company has acquired immense industry experience by actively providing its qualitative products to a large number of clients. Our company proudly boast an excellent reputation as international market leader. The company operates a program used to design and develop wide range of Copper Wires which includes: Enamelled Rectangular Copper Wires (Strips), Enamelled Round Copper Wires, Bare Copper Wires and Strips, Paper Covered Copper Wires and Strips, Glass Fibre Covered Copper Wires and Strips.

The website is designed and developed with IndiaMART.com, India's largest B2B marketplace which helped us in fulfilling our is delighted to announce the launch of its website that will be of tremendous value to our customers.quirements, to meet custom, India's largest B2B marketplace which helped us in fulfilling our requirements, to meet customer needs worldwide for immediate information.

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

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.37
UK Pound	1	Rs.85.95
Euro	1	Rs.67.87

INFORMATION DETAILS

Report Prepared by :

VRN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--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		46

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.