1. Summary Information
|
Country |
India |
||
|
Company Name |
C R I PUMPS
PRIVATE LIMITED |
Principal Name 1 |
Mrs. Sarojini
Gopal |
|
Status |
Good |
Principal Name 2 |
Mr. Soundarajan
Gopal |
|
Registration # |
18-006902 |
||
|
Street Address |
7/46-1, Keeranatham Road, Saravanampatty,
Coimbatore – 641035, Tamilnadu, India |
||
|
Established Date |
31.01.1996 |
SIC Code |
-- |
|
Telephone# |
91-422-3027000/ 2669971/
3911610/ 3911612 |
Business Style 1 |
Manufacture |
|
Fax # |
91-422-2669961/
3911600 |
Business Style 2 |
Purchase |
|
Homepage |
Product Name 1 |
Pumps |
|
|
# of employees |
Not Available |
Product Name 2 |
- |
|
Paid up capital |
Rs. 125,000,000/- |
Product Name 3 |
- |
|
Shareholders |
Bodies corporate-55% Directors or relatives of Directors- 45% |
Banking |
Standard
Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
17 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(52) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
- |
Raaja Magnetics Limited |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,985,765,000 |
Current Liabilities |
755,750,000 |
|
Inventories |
2,353,240,000 |
Long-term Liabilities |
2,367,575,000 |
|
Fixed Assets |
1,303,153,000 |
Other Liabilities |
786,658,000 |
|
Deferred Assets |
000 |
Total Liabilities |
3,909,983,000 |
|
Invest& other Assets |
108,001,000 |
Retained Earnings |
1,715,176,000 |
|
|
|
Net Worth |
1,840,176,000 |
|
Total Assets |
5,750,159,000 |
Total Liab. & Equity |
5,750,157,000 |
|
Total Assets (Previous Year) |
4,805,581,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
7,274,806,000 |
Net Profit |
697,831,000 |
|
Sales(Previous yr) |
6,397,833,000 |
Net Profit(Prev.yr) |
497,382,000 |
MIRA INFORM REPORT
|
Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
C R I PUMPS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7/46-1,
Keeranatham Road, Saravanampatty, Coimbatore – 641035, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
31.01.1996 |
|
|
|
|
Com. Reg. No.: |
18-006902 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 125.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29120TZ1996PTC006902 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CMBC03078F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC9497N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Subject is predominantly
engaged in the business of manufacture, purchase and sale of Pumps. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of CRI GROUP. It is a well established company having a good track record. The
latest financials are not made available with the government department. As per previous year’s, the financial position seems to be strong.
Performance capability appears to be high. Liquidation position is good. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitments. The company can be considered normal for 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: A |
|
Rating Explanation |
Having adequate degree of safety regarding timely servicing of
financial obligation. It carry low credit risk. |
|
Date |
September, 2012 |
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.
LOCATIONS
|
Registered Office/ Corporate Office/ Marketing Division : |
7/46-1,
Keeranatham Road, Saravanampatty, Coimbatore – 641035, Tamilnadu, India |
|
Tel. No.: |
91-422-3027000/
2669971/ 3911610/ 3911612 |
|
Fax No.: |
91-422-2669961/
3911600 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Unit Ransar 2(Mfg), S.E. No 480/4871, Sathy Main Road Kurumbapalayam
Coimbatore – 641107, Tamilnadu, India |
|
|
|
|
Marketing Office : |
202, |
|
Tel. No. : |
91-422-3051300 |
|
|
|
|
Factory : |
54-A,
Avarampalayam Road, Ganapathy, Coimbatore – 641006, Tamilnadu, India |
|
Tel. No.: |
91-422-2562091 /
2562092 [Marketing] / 3911600
/ 2666395
|
|
Fax No.: |
91-422-2562065 /
2562144 / 2667052 |
|
E-Mail : |
|
|
Area : |
90,000 Sq.ft |
|
|
|
|
Branch Office : |
Located at: v v v v v Jaipur v v Kolkata v v v v Ahmedabad v v v v v v Navi Mumbai v Pune v v Hubli v Secunderabad v Chittoor v v Chennai v v v Elamakkara v |
DIRECTORS
As on: 01.09.2012
|
Name : |
Mrs. Sarojini
Gopal |
|
Designation : |
Director |
|
Address : |
15, R. A. JCO
A.T.T Colony, Uppilipalayam, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
09.04.1945 |
|
Date of Appointment : |
28.01.2008 |
|
DIN No.: |
00037881 |
|
|
|
|
Name : |
Mr. Velumani
Chinnasamy |
|
Designation : |
Whole Time Director
|
|
Address : |
158-1, Shrinagar,
Bharathi Colony, Peela Medu, Coimbatore – 641004, Tamilnadu, India |
|
Date of Birth/Age : |
15.12.1950 |
|
Date of Appointment : |
18.05.2007 |
|
DIN No.: |
00037920 |
|
|
|
|
Name : |
Mr. Soundarajan
Gopal |
|
Designation : |
Whole Time
Director |
|
Address : |
“Aishwarya”, No.
1, Shringar Nagar Extension, Bharathi Colony, Coimbatore – 641004, Tamilnadu,
India |
|
Date of Birth/Age : |
16.05.1958 |
|
Date of Appointment : |
31.01.1996 |
|
DIN No.: |
00037995 |
|
|
|
|
Name : |
Mr. Rajendran
Gopal |
|
Designation : |
Managing Director
|
|
Address : |
15, Rajco A. T.
T. Colony, Uppilipalayam, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
21.04.1961 |
|
Date of Appointment : |
31.01.1996 |
|
DIN No.: |
00038034 |
|
|
|
|
Name : |
Mr. Selvaraj
Gopal |
|
Designation : |
Managing Director
|
|
Address : |
3/3,
Chandragandhi Nagar, 5th Cross, Street, Sowripalayam, Coimbatore –
641028, Tamilnadu, India |
|
Date of Birth/Age : |
01.07.1966 |
|
Date of Appointment : |
31.01.1996 |
|
DIN No.: |
00038063 |
|
|
|
|
Name : |
Mrs. Lalithamani
Rajendran |
|
Designation : |
Director |
|
Address : |
3/3,
Chandragandhi Nagar, 5th Cross, Street, Sowripalayam, Coimbatore –
641028, Tamilnadu, India |
|
Date of Birth/Age : |
11.07.1965 |
|
Date of Appointment : |
28.01.2008 |
|
DIN No.: |
00038108 |
|
|
|
|
Name : |
Mrs. Chitra
Selvaraj |
|
Designation : |
Director |
|
Address : |
Aiswarya, No. 1, Shrinagar
Extension Bharathi Colony, Peelamedu, Coimbatore – 641028, Tamilnadu,
India |
|
Date of Birth/Age : |
28.07.1971 |
|
Date of Appointment : |
28.01.2008 |
|
DIN No.: |
00038134 |
|
|
|
|
Name : |
Mrs. Asha
Geethanjali Soundararajan |
|
Designation : |
Director |
|
Address : |
15,, A.T.T.
Colony, Uppilipalayam, Coimbatore – 641 018, Tamilnadu, India |
|
Date of Birth/Age : |
31.12.1964 |
|
Date of Appointment : |
28.01.2008 |
|
DIN No.: |
00765024 |
KEY EXECUTIVES
|
Name : |
Mrs. Amudha Lakshmi Aruchswamy |
|
Designation : |
Company Secretary |
|
Address : |
5/37A, II Avenue, New Thillai Nagar, P.N. Pudur, Coimbatore – 641041,
Tamilnadu, India |
|
Date of Birth/Age : |
21.05.1980 |
|
Date of Appointment : |
18.06.2010 |
|
DIN No.: |
ALLPA7033P |
|
|
|
|
Name : |
Mr. C. Velumani |
|
Designation : |
Chairman |
|
Date of Birth/Age : |
60 Years |
|
Date of Appointment : |
18.05.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 01.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajendran G. |
|
1702530 |
|
Soundarajan G. |
|
1702530 |
|
Selvaraj G. |
|
1702530 |
|
Sarojini Gopal |
|
31250 |
|
CRI Amalgamations
Private Limited, |
|
6874910 |
|
C. Velumani |
|
486250 |
|
Total |
|
12500000 |
Equity Share Break up (Percentage of Total Equity)
As on: 01.09.2012
|
Category |
Percentage |
|
Bodies corporate |
55.00 |
|
Directors or relatives of Directors |
45.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is predominantly
engaged in the business of manufacture, purchase and sale of Pumps. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.S.G.
Subramanyam and Company Chartered
Accountants |
|
Address : |
II Floor, United Shopping
Complex, 94/36, Dr. Nanjappa Road, Coimbatore - 641018, Tamilnadu, India |
|
PAN.: |
AACSK3963E |
|
|
|
|
Associates : |
|
|
|
|
|
Foreign Subsidiary
: |
|
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15250000 |
Equity Shares |
Rs.10/- each |
Rs. 152.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs. 125.000
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 |
125.000 |
125.000 |
125.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1715.176 |
1440.821 |
1065.184 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1840.176 |
1565.821 |
1190.184 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2284.438 |
1805.391 |
1433.802 |
|
|
2] Unsecured Loans |
83.137 |
72.305 |
228.911 |
|
|
TOTAL BORROWING |
2367.575 |
1877.696 |
1662.713 |
|
|
DEFERRED TAX LIABILITIES |
39.774 |
43.100 |
44.200 |
|
|
|
|
|
|
|
|
TOTAL |
4247.525 |
3486.617 |
2897.097 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1303.153 |
1187.793 |
1121.738 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
108.001 |
108.026 |
41.376 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2353.240
|
1968.770
|
1138.589
|
|
|
Sundry Debtors |
741.287
|
590.597
|
606.093
|
|
|
Cash & Bank Balances |
134.859
|
120.795
|
152.634
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
1109.619
|
829.600
|
670.473
|
|
Total
Current Assets |
4339.005
|
3509.762
|
2567.789 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
755.750
|
690.716
|
420.701
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
746.884
|
628.248
|
413.105
|
|
Total
Current Liabilities |
1502.634
|
1318.964
|
833.806 |
|
|
Net Current Assets |
2836.371
|
2190.798
|
1733.983
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4247.525 |
3486.617 |
2897.097 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7274.806 |
6397.833 |
4470.793 |
|
|
|
Other Income |
66.006 |
78.151 |
101.561 |
|
|
|
TOTAL (A) |
7340.812 |
6475.984 |
4572.354 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
6282.097 |
5246.369 |
3867.016 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
6282.097 |
5246.369 |
3867.016 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1058.715 |
1151.464 |
705.338 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
149.986 |
106.507 |
157.855 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
908.729 |
1044.957 |
547.483 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
348.898 |
280.075 |
276.685 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
559.831 |
764.882 |
270.798 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
192.000 |
267.500 |
124.558 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
367.831 |
497.382 |
146.240 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
171.311 |
17.786 |
30.044 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION
RESERVE |
23.923 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
Income related
to earlier year |
0.000 |
0.283 |
0.000 |
|
|
|
Deferred tax
liability |
3.327 |
1.100 |
0.000 |
|
|
|
Income tax Excess
Provision written off |
0.000 |
1.004 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend @ 50% (Previous Year 100%) |
62.500 |
125.000 |
50.000 |
|
|
|
Dividend Tax 16.608% |
10.380 |
21.244 |
8.498 |
|
|
|
Transfer to General Reserve |
200.000 |
200.000 |
100.000 |
|
|
BALANCE CARRIED
TO THE B/S |
245.666 |
171.311 |
17.786 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Exports |
|
549.522 |
481.609 |
|
|
|
Dividend Earnings |
691.473 |
1.865 |
5.282 |
|
|
|
Interest Earnings |
|
4.803 |
0.886 |
|
|
TOTAL EARNINGS |
691.473 |
556.190 |
487.777 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Machineries |
201.350 |
124.297 |
253.054 |
|
|
|
Raw Materials |
51.236 |
44.103 |
46.070 |
|
|
|
Others |
28.766 |
3.353 |
36.464 |
|
|
TOTAL IMPORTS |
281.352 |
171.753 |
335.588 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.51 |
39.79 |
13.66 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.01
|
7.68 |
3.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.69
|
11.96 |
6.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.92
|
16.28 |
7.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.49 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.28
|
1.20 |
1.39
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.88
|
2.66 |
3.08
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
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 |
Yes |
NOTE:
Registered office of the company has been shifted from 122-B,
OVERVIEW OF OPERATIONS
DURING THE YEAR:
During the year the Company was able to improve the business with the increase in the area of sales and introduction of new products. The Company was able to expand the operations even in the midst of huge volatility in the market.
The Company is in the path of increasing its capacity with modernized equipments and operational efficiencies so as to improve its share of market.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29120TZ1996PTC006902 |
|
Name of the
company |
C R I PUMPS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
7/46-1, Keeranatham
Road, Saravanampatty, Coimbatore – 641035, Tamilnadu, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10291684 |
|
Type of charge |
|
|
Particular of
charge holder |
Standard Chartered Bank, No.19, Rajaji Salai, Chennai - 600001, Tamilnadu, India |
|
Nature of
instrument creating charge |
Memorandum of entry for deposit of title deeds |
|
Date of
instrument Creating the charge |
02.07.2012 |
|
Amount secured by
the charge |
Rs. 465.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Extent and Operation of the charge The Charge
Operates as security for the due repayment of all liabilities in respect of
the loan/ limit including costs, charges and expenses and all other monies
due to the bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
|
Particulars of
the present modification |
The Amount
secured by the Existing charge on the ECB Term Loan of INR Rs. 465.000
Millions Additionally secured by the Immovable Properties of the Company. |
UNSECURED
LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
Rupee term loans others unsecured |
3.413 |
5.766 |
|
Other debt unsecured |
79.724 |
66.539 |
|
Total |
83.137 |
72.305 |
|
|
|
|
CONTINGENT LIABILITIES:
v Contingent Liabilities in respect of Other Guarantees: Rs.7.270 millions
FIXED ASSETS
- Land
- Building
- Machinery, Tools and Meters
- Furniture and Electric Fittings
- Vehicle
- Office Equipments
- Windmill
PRESS RELEASE
C. R. I. PUMPS GETS AWARD
FOR ENERGY EFFICIENCY
COIMBATORE, DECEMBER
17:
Coimbatore-based C.R.I.Pumps Private lIMITED has won the first prize for the production of BEE Star-labelled agricultural pumpsets. This is the second consecutive year the company has won the first prize under the National Energy Conservation Award given away by Bureau of Energy Efficiency (BEE), a statutory body under the Ministry of Power, for the manufacture of BEE Star-labelled agricultural pumpsets. Explaining the company’s product performance that gained recognition, G. Selvaraj, JMD, C.R.I. Pumps, said the company had improved upon the efficiency levels over last year when it won the first prize for the first time. He asserted that C.R.I. Pumps’ endeavour was to achieve higher energy efficiency in its pumps “through innovative design and technology” that would benefit the “customer, environment and the society at large.”
CRI PUMPS SIGNS
BUSINESS TRANSFER PACT WITH UK FIRM
CHENNAI, OCTOBER
15:
Coimbatore-based CRI Pumps has signed a business transfer agreement with, UK based Pumps & Process Systems Limited.
This agreement will enable CRI pumps to get into innovative technologies in delivering industrial pumping solutions such as pulp handling, slurry handling and chemical handling for a variety of industries such as paper mills, metals and mining, power, coal, food and beverages among others.
The company does not wish to disclose consideration for the deal.
Speaking to Business Line about the acquisition, Chaitanya Koranne, said that CRI had taken over a part of Pumps and Process Systems’ business. By transferring the business to CRI, Pumps and Process systems ceases to own any technology, assets and rights to produce these pumps, he said. CRI will manufacture these pumps in India.
Asked if CRI Pumps would get into solar-powered agricultural pumps, Koranne said that the company was already manufacturing and exporting pumps powered by solar energy. “We will soon be coming up with our entire range powered with solar energy in India as well,” he said.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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. 54.88 |
|
|
1 |
Rs. 83.54 |
|
Euro |
1 |
Rs. 70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
52 |
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.