MIRA INFORM REPORT

Report No. :	315835.2
Report Date :	02.04.2015

IDENTIFICATION DETAILS

Name :	APPLIED ENGINEERING SERVICES
Registered Office :	11, Central Chambers, 1017, Tilak Road, Pune – 411002, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Year of Establishment :	1992
Capital Investment :	Rs. 11.670 Million
IEC No.:	Not Available
TIN No.:	Not Available
PAN No.: [Permanent Account No.]	ACDPK5101D
Legal Form :	Sole Proprietary Concern
Line of Business :	Trader and Importer of material handling equipments, hydraulics equipments, cleaning equipments, tube tools etc.
No. of Employees :	21 (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 proprietorship concern having satisfactory track record. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The concern can be considered for business dealings with usual business 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

NOT AVAILABLE

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Samir Kampani
Designation :	Proprietor
Contact No.:	91-9823048165
Date :	01.04.2015

LOCATIONS

Registered Office :	11, Central Chambers, 1017, Tilak Road, Pune – 411002, Maharashtra, India
Tel. No.:	91-20-2444 8165 / 2444 0042
Mobile No.:	91-9823048165 (Mr. Samir Kampani) / 9923888810
Fax No.:	91-20-2444 0887
E-Mail :	info@appliedengg.in
Website :	http://appliedengg.in
Area :	460 Sq. ft.
Location :	Rented
Factory :	Ramakrishna Warehouse, Godown No:12, Gat No.1309, Pune Saswad Road, Taluka: Haveli,Wadki, Pune – 412308, Maharashtra, India
Tel. No.:	91-20-2444 8165 / 2444 0042
Fax No.:	91-20-2444 0887
Area :	1000 Sq. ft.
Location :	Rented
Branch 1 :	K/8, Sahapur Colony, Plot No: 323, Block J, New Alipore, Kolkata - 700 053, West Bengal, India
Tel. No.:	91-33- 4008 2475 / 2400 0454
Location :	Rented
Branch 1 :	B-2, 1st Floor, BJB Nagar, Bhubaneshwar - 751014. Orissa, India
Tel. No.:	91-674-2430093.
Area :	500 Sq. ft.
Location :	Rented

SOLE PROPRIETOR

Name :	Mr. Samir Kampani
Designation :	Proprietor
Address :	2123 Clover Highland, NIBM Road, Pune - 411 048, Maharashtra, India
Date of Birth/Age :	23/07/1968
Qualification :	B. Tech. Engg.& PGDM in Management
Experience :	25 Years

BUSINESS DETAILS

Line of Business :	Trader and Importer of material handling equipments, hydraulics equipments, cleaning equipments, tube tools etc.
Products :	ENERPAC TRACTEL PLARAD POWER RAM
Brand Names :	Not Available
Agencies Held :	Enerpac Hydraulics Pvt.Ltd. Tractel Plarad Power ram
Exports :	Not Available
Imports :
Products :	Tractel S.A.S. Tractel Sacalt Plarad Power Ram
Countries :	France Luxemburg Germany Taiwan
Terms :
Selling :	Credit (60 and 90 Days)
Purchasing :	Credit (60 and 90 Days)

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	--

Customers :

End Users

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	--

No. of Employees :

21 (Approximately)

Bankers :

Banker Name	IDBI Bank Ltd.
Branch Address	2065, Sadashiv Peth, Sane Guruji Marg, Near S.P. College, Pune, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	--

Facilities :

--

Banking Relations :	--
Auditors :	D. B. Gandhi and Associates
Name :	Chartered Accountants
Address :	1, Gauri Apartment, 250/A, Shaniwar Peth, Pune - 411030, Maharashtra, India
Tel. No.:	91-020-24477603 / 24494240
E-Mail :	cagandhidb@gmail.com
Memberships :	--
Collaborators :	--
Sister Concerns:	Nil

CAPITAL STRUCTURE

As on 31.03.2014

Capital Investment :
Owned :	Rs. 11.670 Million
Borrowed :	--
Total :	Rs. 11.670 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2014	31.03.2013	31.03.2012
SHAREHOLDERS FUNDS
1] Proprietor’s Capital		11.670	10.581	11.071
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		11.670	10.581	11.071
LOAN FUNDS
1] Secured Loans
2] Unsecured Loans
TOTAL BORROWING		10.292	8.864	9.112
DEFERRED TAX LIABILITIES
TOTAL		21.962	19.445	20.183
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		6.262	5.973	6.143
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.341	0.341	0.326
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	2.674	0.729	0.668
	Other Current Assets	21.745	22.480	19.994
	Loans & Advances	2.913	2.871	2.347
Total Current Assets		27.332	26.080	23.009
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities
	Provisions
Total Current Liabilities		11.973	12.949	9.295
Net Current Assets		15.359	13.131	13.714
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		21.962	19.445	20.183

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	54.622	47.603	60.392
		Discount Received	0.050	0.010	0.009
		Interest in fixed Deposits	0.117	0.108	0.105
		Interest on PPF	0.084	0.078	0.065
		Dividend received from SBI Mutual Fund	0.000	0.009	0.000
		Sales Commission	0.000	0.363	0.007
		Interest on Security Deposits	0.000	0.000	0.000
		Amount Written Back	0.013	0.019	0.000
		TOTAL	54.886	48.190	60.578
Less	EXPENSES
		Cost of goods sold	41.044	36.022	47.417
		Direct Expenses	0.829	0.848	0.387
		Administrative and Selling expenses	10.258	8.814	8.938
		TOTAL	52.131	45.684	56.742
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		2.755	2.506	3.836
Less/ Add	DEPRECIATION/ AMORTISATION		0.462	0.456	0.688
	NET PROFIT		2.293	2.050	3.148

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	4.20	4.31	5.21
Return on Total Assets (PBT/Total Assets}	(%)	6.82	6.39	10.80
Return on Investment (ROI) (PBT/Networth)		0.20	0.19	0.28
Current Ratio (Current Asset/Current Liability)		2.28	2.01	2.47

The above information has been parted by Mr. Samir Kampani

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

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	60.392	47.603	54.622
		(21.177)	14.745

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	60.392	47.603	54.622
Profit	3.148	2.050	2.293
	0.052	0.043	0.042

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	Yes
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	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
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 REFERENCES

• Tata Steel Limited
• Larsen and Tubro Ltd – ECC Div.
• Jindal Steel and Power Limited
• National Thermal Power Corporation 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 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.62.59
UK Pound	1	Rs.92.46
Euro	1	Rs.67.51

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	SUM
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
-- PROFITABILITY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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	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.