MIRA INFORM REPORT

Report No. :	333455
Report Date :	23.07.2015

IDENTIFICATION DETAILS

Name :	TOTAL TOOLS AND EQUIPMENTS PRIVATE LIMITED

Registered Office :	A-57, Giriraj Industrial Estate, 1^st Floor, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra
Tel. No.:	91-22-40661228

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	04.08.1989

Com. Reg. No.:	11-052892

Capital Investment / Paid-up Capital :	Rs. 2.000 Million

CIN No.: [Company Identification No.]	U29220MH1989PTC052892

TAN No.: [Tax Deduction & Collection Account No.]	MUMT09151C

PAN No.: [Permanent Account No.]	AAACT4144P

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer of High Quality Tooling and Equipment’s.

No. of Employees :	Information declined by the management

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

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track record. There seems dip in the profit of the company compared to previous year. However, general financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered 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.

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 31-03-2013.

INFORMATION DECLINED

MANAGEMENT NON-COOPERATIVE

(TEL. NO.: 91-22-40661228)

LOCATIONS

Registered Office :	A-57, Giriraj Industrial Estate, 1^st Floor, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India
Tel. No.:	91-22-40661228/ 40661234 (30 lines)
Fax No.:	91-22-26879766/ 28759071
E-Mail :	info@totaltools.in total_tools@yahoo.co.in totaltools@vsnl.com bom50@mahabank.co.in loken_ds@vsnl.net.in chaitanyasheth@hotmail.com greatlate@hotmail.com anish@totaltoolsin.com linesh@totaltoolsin.com amit@totaltoolsin.com
Website :	http://www.totaltools.in

Factory :	101, Shaan Industrial Estate, Plot No.17, Survey No.62, Valiv, Vasai (East), Thane, Maharashtra, India
Tel. No.:	91-250-3027366

Branch Offices :	Located at : v Pune v Bangalore v Nagpur v Mumbai (They have 3 more branch offices)

DIRECTORS

AS ON 30.09.2014

Name :	Mr. Lokendra Dullabhdas Sheth
Designation :	Director
Address :	34, Lavina, 52-A, Tagore Road, Santacruz (West), Mumbai – 400054, Maharashtra, India
Date of Birth/Age :	31.01.1946
Date of Appointment :	15.12.1994
DIN No :	00092670

Name :	Mr. Linesh Dullabhdas Sheth
Designation :	Managing Director
Address :	10, Archana, 18/20, Tagore Road, Santacruz (West), Mumbai – 400054, Maharashtra, India
Date of Birth/Age :	11.07.1939
Qualification :	Engineer
Date of Appointment :	15.12.1994
DIN No :	00092809

Name :	Mr. Amit Linesh Sheth
Designation :	Director
Address :	10, Archana, 18/20, Tagore Road, Santacruz (West), Mumbai – 400054, Maharashtra, India
Date of Birth/Age :	16.01.1978
Qualification :	MBA
Date of Appointment :	20.05.2003
DIN No :	00092872

Name :	Mr. Anish Linesh Sheth
Designation :	Managing Director
Address :	Flat No.182, 8^th Floor, 'B' Building, Shree Vishnu Bhagvan Co-operative Housing Society Limited, 137 S. V. Raod, Andheri (West), Mumbai – 400058, Maharashta, India
Date of Birth/Age :	06.05.1970
Qualification :	Engineer
Date of Appointment :	01.04.2013
DIN No :	00092926

Name :	Mr. Chaitanya Lokendra Sheth
Designation :	Director
Address :	34, Lavina, 52-A, Tagore Road, Santacruz (West), Mumbai – 400054, Maharashtra, India
Date of Birth/Age :	30.11.1976
Date of Appointment :	15.01.1995
DIN No :	00093002

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Amit Linesh Sheth	90000	45.00
Anish Linesh Sheth	90000	45.00
Linesh Dullabhdas Sheth	20000	10.00

Total	200000	100.00

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of High Quality Tooling and Equipment’s.

Brand Names :	--

Agencies Held :	--

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Bank Name:
Branch:
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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· Bank of Maharashtra, Ready Money Terrace, Worli Naka, Dr A.B. Road, Worli, Mumbai - 400018, Maharashtra, India

· HDFC Bank Limited

· ICICI Bank Limited

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG TERM BORROWINGS
Term Loans – From Banks
SCB Home Saver A/c No.48477087 (Secured against mortgage of Directors Residential properties, repayable by 01.01.2024 in equal EMI of Rs.0.197 million)	8.988	12.892
SCB Term Loan A/c No.48472107 (Secured against mortgage of Directors Residential properties, repayable by 01.01.2024 in equal EMI of Rs.0.092 million)	4.085	5.917
ICICI Car Loan – Anish	1.425	0.000
HDFC Bank Car Loan TATA Manza Mumbai	0.191	0.000
HDFC Bank Car Loan TATA Manza Bangalore	0.191	0.000

SHORT TERM BORROWINGS
Bank of Maharashtra CC A/c No.20001987802 *	4.832	0.656
Bank of Maharashtra – Buyers Credit * * (Secured by way of Hypothecation of Book Debts, Stocks and personal guarantee of directors)	3.627	5.678

Total	23.339	25.143

Banking Relations :	--

Auditors :
Name :	P. Sanghani and Company Chartered Accountants
Address :	B-4, Parekh Apartment, Sarojini Road, Vile Parle (West), Mumbai – 400056, Maharashtra, India
Tel. No.:	91-22-26103066/ 65223065/ 32633065
Mobile No.:	91-22-26103066
Fax No.:	admin@capsanghani.com
E-Mail :	www.capsanghani.com
Income-tax PAN of auditor or auditor's firm :	AAGPS0419P

Memberships :	--

Collaborators :	--

Subsidiary Company :	MTS Tooling Private Limited CIN No.: U51900MH2006PTC161778

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

200,000	Equity Shares	Rs.10/- each	Rs. 2.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

200,000	Equity Shares	Rs.10/- each	Rs. 2.000 Millions

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2.000	2.000	2.000
(b) Reserves & Surplus	47.248	40.052	32.178
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	49.248	42.052	34.178

(3) Non-Current Liabilities
(a) long-term borrowings	24.787	24.946	26.196
(b) Deferred tax liabilities (Net)	2.382	2.423	2.605
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	27.169	27.369	28.801

(4) Current Liabilities
(a) Short term borrowings	8.459	6.334	7.018
(b) Trade payables	98.972	79.911	66.866
(c) Other current liabilities	21.149	10.199	14.152
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	128.580	96.444	88.036

TOTAL	204.997	165.865	151.015

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	32.265	26.514	28.056
(ii) Intangible Assets	0.018	0.031	0.051
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	9.234	8.967	8.518
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	24.350	20.627	18.537
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	65.867	56.139	55.162

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	75.246	39.358	31.576
(c) Trade receivables	47.513	45.745	59.005
(d) Cash and cash equivalents	10.550	22.248	3.326
(e) Short-term loans and advances	5.481	2.050	1.755
(f) Other current assets	0.340	0.325	0.191
Total Current Assets	139.130	109.726	95.853

TOTAL	204.997	165.865	151.015

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL	NA	NA	NA

Less	EXPENSES
		TOTAL	NA	NA	NA

	PROFIT/ (LOSS) BEFORE TAX		NA	NA	NA

Less	TAX		NA	NA	NA

	PROFIT/ (LOSS) AFTER TAX		7.196	7.875	11.188

	Earnings / (Loss) Per Share (Rs.)		35.98	39.38	55.94

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA

Cash Generated from Operations	NA	NA	NA

Net Cash Flow from used in Operations	NA	NA	NA

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012

Debt Equity Ratio (Total Liability/Networth)	0.68	0.74	0.97

Current Ratio (Current Asset/Current Liability)	1.08	1.14	1.09

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	2.000	2.000	2.000
Reserves & Surplus	32.178	40.052	47.248
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	34.178	42.052	49.248

Long-term borrowings	26.196	24.946	24.787
Short term borrowings	7.018	6.334	8.459
Total borrowings	33.214	31.280	33.246
Debt/Equity ratio	0.972	0.744	0.675

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	80043534	10/08/2007 *	22,720,000.00	BANK OF MAHARASHTRA	WORLI BRANCH, READYMONEY TERRACE, WORLI NAKA, DR A.B. ROAD, MUMBAI - 400018, MAHARASHTRA, INDIA	A37883881
2	90223058	05/08/2013 *	45,000,000.00	BANK OF MAHARASHTRA	READY MONEY TERRACE, WORLI NAKA, DR A.B. ROAD, WORLI, MUMBAI - 400018, MAHARASHTRA, INDIA	B84694843

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Loans and Advances from related Parties – Unsecured @
Anish L. Sheth	3.226	0.417
Amit L. Sheth	0.588	0.248
Linesh D. Sheth	0.862	0.241
Wudtools	5.231	5.231
Total	9.907	6.137
Note: @ (No repayment terms have been determined)

CHANGE OF ADDRESS:

The registered office of the company has been shifted from 107, Gambhir Industrial Estate, C Wing, Off Aarey Road, Goregaon (East), Mumbai – 400063, Maharashtra, India to the present address w.e.f. 26.04.2010.

FIXED ASSETS:

TANGIBLE ASSETS

· Computer

· Furniture and Fittings

· Office Equipments

· Plant and Machinery

· Tel and Mobile Phones

· Vehicles-Office

· Air Conditioners

· Office Premises

· EPBAX

· Motor Car – I10

· Maruti Car – EECO

· Bike – Wego

· Motor Car – Honda Jazz

· Honda Activa

· TATA Manza – Mumbai

· TATA Manza – Bangalore

· Skoda Superb Elegance

· Maruti Omni

INTANGIBLE ASSETS

Software

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 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.63.53
UK Pound	1	Rs.99.19
Euro	1	Rs.69.60

INFORMATION DETAILS

Information Gathered by :	GYT

Analysis Done by :	RAS

Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
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.

MIRA INFORM REPORT

Unit