1. Summary Information

Country

India

Company Name

PRECISION ENTERPRISES

Principal Name 1

Mr. Brattabani Kishori Goswami

Status

Satisfactory

Principal Name 2

--

Registration #

--

Street Address

Shinde Orchid, Block No-25, Shantiniketan, Shambhu Nagar, Gadiya Vihar Road, Aurangabad, India

Established Date

1999

SIC Code

--

Telephone#

91-240-2060666

Business Style 1

Trader

Fax #

91-240-2489775

Business Style 2

Importer

Homepage

http://www.precisionenterprises.co.in

Product Name 1

Steel Shots

# of employees

4 (Approximately)

Product Name 2

Measuring Instruments

Paid up capital

Not Divulged

Product Name 3

Hardness Tester

Shareholders

--

Banking

Indusind Bank

Public Limited Corp.

No

Business Period

14 Years

IPO

No

International Ins.

-

Public Enterprise

No

Rating

Ba (45)

Related Company

Relation

Country

Company Name

CEO

--

--

--

--

Note

-

 

2. Summary Financial Statement

Balance Sheet as of

31.03.2013

(Unit: Indian Rs.)

Assets

Liabilities

Current Assets

--

Current Liabilities

--

Inventories

--

Long-term Liabilities

--

Fixed Assets

--

Other Liabilities

--

Deferred Assets

--

Total Liabilities

--

Invest& other Assets

--

Retained Earnings

--

 

 

Net Worth

--

Total Assets

--

Total Liab. & Equity

--

 Total Assets

(Previous Year)

--

 

 

P/L Statement as of

31.03.2013

(Unit: Indian Rs.)

Sales

50,000,000

Net Profit

--

Sales(Previous yr)

35,000,000

Net Profit(Prev.yr)

--

 

 

MIRA INFORM REPORT

 

 

Report Date :

08.06.2013

 

IDENTIFICATION DETAILS

 

Name :

PRECISION ENTERPRISES

 

 

Registered Office :

Shinde Orchid, Block No-25, Shantiniketan, Shambhu Nagar, Gadiya Vihar Road, Aurangabad

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Year of Establishment :

1999

 

 

Capital Investment :

Not Divulged

 

 

Legal Form :

Sole Proprietary Concern

 

 

Line of Business :

Trader and Importer of Steel Shots, Measuring Instruments, Hardness Tester, etc.,

 

 

No. of Employees :

4 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established proprietary concern having a satisfactory track record. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment.

 

The concern can be considered for normal business dealings at usual trade terms and condition.

 

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

RBI DEFAULTERS’ LIST STATUS

 

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

 

 

EPF (Employee Provident Fund) DEFAULTERS’ 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.

 

INFORMATION PARTED BY

 

Name :

Mr. Brattabani Kishori Goswami

Designation :

Proprietor

Contact No.:

91-9822628991

Date :

07.06.2013

 

 

LOCATIONS

 

Registered Office :

Shinde Orchid, Block No-25, Shantiniketan, Shambhu Nagar, Gadiya Vihar Road, Aurangabad, India

Tel. No.:

91-240-2060666

Mobile No.:

91-9822628991 / 9370593691 (Mr. Brattabani Kishori Goswami)

Fax No.:

91-240-2489775

E-Mail :

precision.entp1@gmail.com

Website :

http://www.precisionenterprises.co.in

 

 

Sales Office :

Udyog Bharati Estate, D-1,C-270, Waluj, Aurangabad, India

 

 

SOLE PROPRIETOR

 

Name :

Mr. Brattabani Kishori Goswami

Designation :

Proprietor

Date of Birth/Age :

42 Years

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of Steel Shots, Measuring Instruments, Hardness Tester, etc.,

 

 

Products :

v  Steel Shots

  • Steel Shots
  • Steel Grits
  • Cut Wire Shots

v  Measuring Instruments

  • Torque Wretch
  • Noga/Crystal Dial Stand
  • All type of Magnetic & non- Magnetic items
  • Surface plate (Granite/CI Products)
  • Between center
  • Angle plate

v  Hardness Tester

  • Rockwell Hardness tester
  • Vickers hardness Tester
  • Digital Hardness Tester
  • Portable hardness Tester

v  Hammer Belt and break liners

  • Break Liner
  • Hammer Belt

v  Vice

  • Unique mechanic bench vice
  • Unique Precision Screw Less Vice
  • Unique Precision Self Centering Vice
  • Unique Milling machine

v  Microscopes and Polishing Machines

  • ESM1
  • VMM1
  • RB3 USB
  • Polishing machine Double Disk NVF
  • Cutting machine SNR TEM

 

 

Imports :

 

Products :

·         Steel Shots

·         Measuring Instruments

·         Hardness Tester

Countries :

·         China

·         Korea

·         Taiwan

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Customers :

End Users

 

·         Volks Wagon India Private Limited

·         Mahindra and Mahindra Group of Industries

·         Bajaj Auto Limited

·         Siemens Group of Companies

·         Kirloskar Oil Engines Limited

 

 

No. of Employees :

4 (Approximately)

 

 

Bankers :

·         Indusind Bank, Aurangabad, India

·         Kotak Mahindra Bank, Aurangabad, India

·         IDBI Bank Limited, Aurangabad, India

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Moharkar Nune and Khandelwar and Company

Chartered Accountants

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

31.03.2013

31.03.2012

31.03.2011

 

 

 

 

Sales Turnover (Approximately)

50.000

35.000

30.0000

 

 

 

 

 

Expected Sales (2013-2014): (Depend upon market)

 

The above information has been parted by Mr. Brattabani Kishori Goswami (Proprietor)

 

Note: Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

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

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

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

No

13]

Reasons for variation <> 20%

--------

14]

Estimation for coming financial year

No

15]

Capital in the business

No

16]

Details of sister concerns

No

17]

Major suppliers

No

18]

Major customers

Yes

19]

Payments terms

Yes

20]

Export / Import details (if applicable)

Yes

21]

Market information

--------

22]

Litigations that the firm / promoter involved in

--------

23]

Banking Details

Yes

24]

Banking facility details

No

25]

Conduct of the banking account

--------

26]

Buyer visit details

--------

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

No

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

No

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

TRADE REFERENCE

 

·         Volks Wagon India Private Limited

·         Mahindra and Mahindra Group of Industries

·         Bajaj Auto Limited

·         Siemens Group of Companies

·         Kirloskar Oil Engines Limited

 

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.56.74

UK Pound

1

Rs.88.53

Euro

1

Rs.75.20

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Report Prepared by :

MRI

 

 

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

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

45

 

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.