Sir,

Reg: M/s ACE Engineers MIDC, Ahmednagar

Brief Background Note:
1 Name of Company M/s ACE Engineers
2 Activity Manufacturers & Exporter of Machined Components !enerator &
A"ternator #arts$
% &ear of
Esta'"ishment
2($)($2))%
* Dea"ing +ith us 2003 (since nce!tion" So#e Banking
, -ector -ME -ma"" .egu"atory Manufacturing
/ Directors
Name Contact No$
Mrs$ .amani -udarshan
0 1ocation 2
.egd$ 3ffice4
5actory
#"ot No$ M() MIDC Industria" area, Ahmednagar
( A'out the
Company
M4s ACE Engineers a proprietary concern esta'"ished 'y Mrs$ .amani
-udarshan in 2))%$
Mr$ 6$ #$ -udarshan, hus'and of Mrs$ .amani -udarshan, +as +or7ing
+ith Crompton !reaves 1td$ 8C!19 as #roduction Manager$
:he firm +as supp"ying parts re;uired for a"ternators & generators to
C!1 and <roo7 Crompton in initia" stages$ -"o+"y it improved its product
range and set2up its o+n unit 'y avai"ing :erm 1oan from our <an7$ A""
1oans +ere sett"ed in time$
-ince 2))/, firm has started export and having confirmed open orders
from !enerator :echno"ogy, Mexico America$ A"" Export transactions are
routed through our #une Camp <ranch$
:he firm has achieved status of !"o'a" -upp"ier of Cummins !enerator
:echno"ogies$ Cummins had a"so given open purchase order to the unit
+hich confirms the rate of items to 'e supp"ied$ 5urther to that Cummins
issues month"y or fortnight"y confirmed orders +ith de"ivery schedu"es$
:he firm a"so have tie up +ith "oca" companies "i7e C!: India & =-<
#umps 1td$ & get regu"ar +or7 orders$
In addition to this, !overnment Approva" for -tar Exporter & 1))>
Export 3riented ?nit 8E3?9 is under consideration 'y respective
!overnment Authorities$
@$ $etai#s of %und Based & Non %und Based 'i(it
(Rs) in 'acs"
'i(its *ur!ose E+isting *ro!osed nc)(,"/
$ec)(-"
%und Based
.'-%res/ #urchase of Machinery
22 1))$)) 8A91))$))
Cash Credit 5or pre & post sa"es
Bor7ing Capita"
re;uirement
*$)) *$)) 22
#ac7ing Credit +ithin
CC
1()$)) 2,)$)) 8A9 0)$))
%B-.ota# 012)00 332)00 040)00
N5<C <! 22 22 22
1C 22 22 22
N%B-.ota# -- -- --
.ota# 1(*$)) 332)00 040)00
(Rs) in 'acs"
1)$ 5inancia" Digh"ights
8.s$ in 1acs9
30)03)02 30)03)03
Audited Audited
!ross -a"es (*1$2( (**$)@
#A: ,0$,1 /*$(2
Net Borth 1)1$,2 1*2$(1
?41 from #roprietor4
.e"atives 2$)) 2$))
Current .atio 1$/2 1$0@
DE. 8:314:NB9 *$/% 1$1%
11$ .ating
Interna" <ased on
A<- %1$)%$2)1%
Externa" .ating
8C.I-I1 dtd$
1)$12$1*9
5or CC2 <3<2,E C.2*45.2%
5or :12 <3<2,E C.2,45.2*
&et to 'e rated$
12$ .ate of Interest
Concessions
Cash CreditC F%$,)> a'ove 'ase rate i$e$ at present 1*$2,> p$a$
:erm 1oanC F%$,)> a'ove 'ase rate i$e$ at present 1*$2,> p$a$
#ac7ing CreditC F 1$2,> a'ove 'ase rate i$e$ at present 12$))> p$a$
NA
A##o5ed
1% Securit6 :
$etai#s of assets of t/e fir( and
directors/guarantors
$ate of 7a#uation (Rs) in 'acks"
A *ri(ar6 Securities
1 Dypothecation of -toc7, <oo7 De'ts & other
chargea'"e current assets of the firm
5"oating Charge 22
2 Dypothecation of #"ant & Machinery BD6 as per Audited
<a"ance -heet of
%1$)%$2)11
@0$(*
.ota# of *ri(ar6 Securities 84)12
B Co##atera# Securities
1 Extension of Mortgage of 5actory 1and &
<ui"ding
As per 6a"uation
.eport dated
1)$)@$2)1) 'y Mr$
6iGay Marathe , <an7Hs
approved va"uer
1))$**
2 Extension of Mortgage of .esidentia" p"ot &
<unga"o+ situated at p"ot no$(), -r$No$*241A
-avedi, Ahmednagar, in the name of Mr$6$#$
-udarshan
86a"uation done 'y M4s 6 ! Marathe, #ane"
6a"uer on 1)4)@42)1) for .s$/@$@) 1a7hs$
<ranch has sanctioned Dousing "oan of
.s$2*$)) 1a7hs on 1%$),$2))($ #resent o4s
.s$22$2% 1a7hs +ith NI1 overdues9$
.esidua" va"ue after
netting 1,)> of
outstanding Dsg "oan$
%/$,,
% Assignment of 1IC #o"icies in the name of Mr$ 6$#$ -udarshan
#o"icy No$ -um Assured -urrender 6a"ue
@,12,@*(, %)))) 20%%%
@,%*%1@@% 2))))) 1*%)))
NoteC #o"icy no$ @,12,1*1* 8sum Assured .s$,))))9 since matured
and proceeds +as credited in :erm 1oan A4c$
1$0)
C .ota# of Co##atera# Securit6 031)98
$ .ota# Securit6 a7ai#a:#e 239)33
E :ota" Exposure (.',CC" 088)88
% :ota" -ecurity Coverage .atio 8 2%/$,% 4 1@@$@@ 9 1$1(
; Co""atera" -ecurity 81%($/@ 4 1@@$@@9 )$/@
1* <t/er ssues: