MIRA INFORM REPORT

Report Date :

22.12.2014

IDENTIFICATION DETAILS

Name :	C R I PUMPS PRIVATE LIMITED
Registered Office :	7/46-1, Keeranatham Road, Saravanampatty, Coimbatore – 641035, Tamilnadu
Country :	India
Financials (as on) :	31.03.2014
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 :	3000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (64)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 6900000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well-established company having fine track record. The rating reflects CRI Pumps’ established market position and brand in the organized pumps segment supported by diversified product portfolio and strong distribution networth. Rating also takes into consideration company’s healthy operating efficiencies marked by sound profitability margins and decent liquidity profile of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for normal 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.

ECGC Country Risk Classification List – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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

Rating Agency Name	CRISIL
Rating	Long Term Rating = A
Rating Explanation	Adequate degree of safety and low credit risk.
Date	10.12.2013

Rating Agency Name	CRISIL
Rating	Short Term Rating = A1
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	10.12.2013

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. Senthil Kumar
Designation :	Finance Department
Contact No.:	91-422-3027206
Date :	20.12.2014

LOCATIONS

Registered Office Corporate Office/ Marketing Division :	7/46-1, Keeranatham Road, Saravanampatty, Coimbatore – 641035, Tamilnadu, India
Tel. No.:	91-422-3027144/3027000/ 2669971/ 3911610/ 3911612
Fax No.:	91-422-3027144/2669961/ 3911600 / 3027005
E-Mail :	cripumps@md3.vsnl.net.in cri@criexports.com corp@cripumps.com corporateoffice@cripumps.com amudhalakshmi.a@cripumps.com senthilkumar.n@cripumps.com
Website :	http://www.cripumps.com
Factory 1:	Unit Ransar 2(Mfg), S.E. No 480/4871, Sathy Main Road Kurumbapalayam Coimbatore – 641107, Tamilnadu, India
Marketing Office :	202, Sathy Road, Saravanampatty, Coimbatore – 641 035, Tamilnadu, India
Tel. No.:	91-422-3051300
Factory 2 :	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 :	cri@vsnl.net corp@cripumps.com
Area :	90,000 Sq.ft
Branches :	Located at: v Ludhiana v Ghaziabad v Faridabad v New Delhi v Jaipur v Kanpur v Kolkata v Jabalpur v Udaipur v Indore v Ahmedabad v Aurangabad v Nagpur v Ranchi v Bhubaneswar v Raipur v Navi Mumbai v Pune v Vijayawada v Hubli v Secunderabad v Chittoor v Bangalore v Chennai v Calicut v Coimbatore v Elamakkara v Madurai

DIRECTORS

As on 26.09.2014

Name :

Mr. Velumani Chinnasamy

Designation :

Whole Time Director

Address :

15/B-1, Shrinagar, Bharathi Colony, Peela Medu, Coimbatore – 641004, Tamilnadu, India

Date of Birth/Age :

15.12.1950

Date of Appointment :

27.09.2007

DIN No.:

00037920

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U29120TZ1989PTC003027	CHOLA PUMPS PRIVATE LIMITED	Managing director	11-09-1989	11-09-1989	-	Amalgamated	NO
2	U02921TZ1996PLC006903	RANSAR INDUSTRIES LIMITED	Director	31-01-1996	31-01-1996	-	Amalgamated	NO
3	U27101TZ1991PTC003484	MELTECH CASTINGS PRIVATE LIMITED	Director	09-06-1999	09-06-1999	-	Amalgamated	NO
4	U70101TZ2005PTC011989	C R I AMALGAMATIONS PRIVATE LIMITED	Managing director	03-04-2009	13-07-2005	-	Active	NO
5	U67120TZ2006PTC013176	G4 INVESTMENTS (INDIA) PRIVATE LIMITED	Director	27-10-2006	27-10-2006	-	Active	NO
6	U45201TZ2006PTC013261	CRI INFRASTRUCTURES (INDIA) PRIVATE LIMITED	Director	04-12-2006	04-12-2006	-	Active	NO
7	U29120TZ1996PTC006902	C R I PUMPS PRIVATE LIMITED	Whole-time director	27-09-2007	18-05-2007	-	Active	NO

Name :

Mr. Soundarajan Gopal

Designation :

Whole Time Director

Address :

No. 1, Shringar Nagar Extension, Bharathi Colony, Peelamedu, Coimbatore – 641004, Tamilnadu, India

Date of Birth/Age :

16.05.1958

Date of Appointment :

27.09.2007

DIN No.:

00037995

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U52110TZ1991PTC003483	MAGNA MARKETING PRIVATE LIMITED	Managing director	25-10-1991	25-10-1991	-	Amalgamated	NO
2	U27104TZ1993PTC004416	APEX BRIGHT BARS CBE PRIVATE LIMITED	Director	25-05-1993	25-05-1993	-	Active	NO
3	U02921TZ1996PLC006903	RANSAR INDUSTRIES LIMITED	Director	31-01-1996	31-01-1996	-	Amalgamated	NO
4	U29120TZ1996PTC006902	C R I PUMPS PRIVATE LIMITED	Whole-time director	27-09-2007	31-01-1996	-	Active	NO
5	U27101TZ1991PTC003484	MELTECH CASTINGS PRIVATE LIMITED	Managing director	13-10-2001	13-10-2001	-	Amalgamated	NO
6	U29120TZ2002PTC010129	C R I INDUSTRIES PRIVATE LIMITED	Director	01-04-2002	01-04-2002	-	Amalgamated	NO
7	U70101TZ2005PTC011989	C R I AMALGAMATIONS PRIVATE LIMITED	Director	13-07-2005	13-07-2005	-	Active	NO
8	U67120TZ2006PTC013176	G4 INVESTMENTS (INDIA) PRIVATE LIMITED	Director	27-10-2006	27-10-2006	-	Active	NO
9	U45201TZ2006PTC013261	CRI INFRASTRUCTURES (INDIA) PRIVATE LIMITED	Director	04-12-2006	04-12-2006	-	Active	NO
10	L33129TZ1972PLC000641	PRICOL LIMITED	Director	23-07-2010	31-07-2009	-	Active	NO

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

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U29120TZ1989PTC003027	CHOLA PUMPS PRIVATE LIMITED	Director	11-09-1989	11-09-1989	-	Amalgamated	NO
2	U02921TZ1996PLC006903	RANSAR INDUSTRIES LIMITED	Director	31-01-1996	31-01-1996	-	Amalgamated	NO
3	U29120TZ1996PTC006902	C R I PUMPS PRIVATE LIMITED	Managing director	31-01-1996	31-01-1996	-	Active	NO
4	U29120TZ2002PTC010129	C R I INDUSTRIES PRIVATE LIMITED	Director	01-04-2002	01-04-2002	-	Amalgamated	NO
5	U70101TZ2005PTC011989	C R I AMALGAMATIONS PRIVATE LIMITED	Director	13-07-2005	13-07-2005	-	Active	NO
6	U67120TZ2006PTC013176	G4 INVESTMENTS (INDIA) PRIVATE LIMITED	Director	27-10-2006	27-10-2006	-	Active	NO
7	U45201TZ2006PTC013261	CRI INFRASTRUCTURES (INDIA) PRIVATE LIMITED	Director	04-12-2006	04-12-2006	-	Active	NO
8	U29120TZ2005PTC012020	NAARGO INDUSTRIES PRIVATE LIMITED	Director	17-09-2011	01-11-2010	-	Active	NO

Name :

Mr. Selvaraj Gopal

Designation :

Managing Director

Address :

3/3, Chandragandhi Nagar, 5^th Cross, Street, Sowripalayam, Coimbatore – 641028, Tamilnadu, India

Date of Birth/Age :

01.07.1966

Date of Appointment :

27.09.2007

DIN No.:

00038063

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U52110TZ1991PTC003483	MAGNA MARKETING PRIVATE LIMITED	Director	25-10-1991	25-10-1991	-	Amalgamated	NO
2	U29120TZ1996PTC006902	C R I PUMPS PRIVATE LIMITED	Managing director	27-09-2007	31-01-1996	-	Active	NO
3	U02921TZ1996PLC006903	RANSAR INDUSTRIES LIMITED	Managing director	01-12-1998	01-12-1998	-	Amalgamated	NO
4	U29120TZ2002PTC010129	C R I INDUSTRIES PRIVATE LIMITED	Managing director	01-04-2002	01-04-2002	-	Amalgamated	NO
5	U27101TZ1991PTC003484	MELTECH CASTINGS PRIVATE LIMITED	Director	01-04-2005	01-04-2005	-	Amalgamated	NO
6	U29269TZ1975PTC000741	SRI PREMRAJ ENGINEERING AND TEXTILES PRIVATE LIMITED	Director	24-06-2005	24-06-2005	-	Amalgamated	NO
7	U70101TZ2005PTC011989	C R I AMALGAMATIONS PRIVATE LIMITED	Director	13-07-2005	13-07-2005	-	Active	NO
8	U67120TZ2006PTC013176	G4 INVESTMENTS (INDIA) PRIVATE LIMITED	Director	27-10-2006	27-10-2006	-	Active	NO
9	U45201TZ2006PTC013261	CRI INFRASTRUCTURES (INDIA) PRIVATE LIMITED	Director	04-12-2006	04-12-2006	-	Active	NO

Name :

Mrs. Lalithamani Rajendran

Designation :

Director

Address :

15, A. T. T. Colony, Uppilipalayam, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

11.07.1965

Date of Appointment :

28.01.2008

DIN No.:

00038108

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U52110TZ1991PTC003483	MAGNA MARKETING PRIVATE LIMITED	Director	13-10-2001	13-10-2001	28-01-2008	Amalgamated	NO
2	U70101TZ2005PTC011989	C R I AMALGAMATIONS PRIVATE LIMITED	Director	13-07-2005	13-07-2005	-	Active	NO
3	U29120TZ1996PTC006902	C R I PUMPS PRIVATE LIMITED	Director	28-01-2008	28-01-2008	-	Active	NO

Name :

Mrs. Chitra Selvaraj

Designation :

Director

Address :

3/3, Chandragandhi Nagar, 5^th Cross, Street, Sowripalayam, Coimbatore – 641028, Tamilnadu, India

Date of Birth/Age :

28.07.1971

Date of Appointment :

28/01/2008

DIN No.:

00038134

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U27101TZ1991PTC003484	MELTECH CASTINGS PRIVATE LIMITED	Director	13-10-2001	13-10-2001	-	Amalgamated	NO
2	U70101TZ2005PTC011989	C R I AMALGAMATIONS PRIVATE LIMITED	Director	13-07-2005	13-07-2005	-	Active	NO
3	U29120TZ1996PTC006902	C R I PUMPS PRIVATE LIMITED	Director	28-01-2008	28-01-2008	-	Active	NO

Name :

Mrs. Asha Geethanjali Soundararajan

Designation :

Director

Address :

No. 1 Shringar Naga Extension, Bharathi Colony, Peelamedu, Coimbatore- 641018, Tamil Nadu, India

Date of Birth/Age :

31.12.1964

Date of Appointment :

28.01.2008

DIN No.:

00765024

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U29120TZ1989PTC003027	CHOLA PUMPS PRIVATE LIMITED	Director	13-10-2001	13-10-2001	-	Amalgamated	NO
2	U70101TZ2005PTC011989	C R I AMALGAMATIONS PRIVATE LIMITED	Director	13-07-2005	13-07-2005	-	Active	NO
3	U29120TZ1996PTC006902	C R I PUMPS PRIVATE LIMITED	Director	28-01-2008	28-01-2008	-	Active	NO
4	U01132TZ2011PTC017546	COBBLESTONE RIVER FARMS PRIVATE LIMITED	Director	02-11-2011	02-11-2011	-	Active	NO

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. Senthil Kumar
Designation :	Finance Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2014

Names of Shareholders	No. of Shares	%age holding
Rajendran G.	1712947	13.70
Soundarajan G.	1712947	13.70
Selvaraj G.	1712946	13.70
CRI Amalgamations Private Limited, India	6874910	55.00
Velumani C.	486250	3.89
Total	12500000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2014

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

Products :

Item Code No.	Product Description
84138190	Borewell Sub Pump Set

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Products :

Finished Goods

Countries :

· South Africa

· Brazil

Imports :

Products :

Raw Material

Countries :

China

Terms :

Selling :

Cash and Cheque

Purchasing :

Cash and Cheque

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
--	--	--

Remark:

Not Divulged

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
--	--	--

Remark:

Not Divulged

No. of Employees :

3000 (Approximately)

Bankers :

· Export-Import Bank of India, Floor 21, Centre One Building, World Trade Center, Cuffe Parade, Mumbai- 400005, Maharashtra, India.

· ING Vysya Bank Limited, 22, Ground Floor, ING Vysya House, M.G. Road, Bangalore- 560001, Karnataka, India.

· Citi Bank Limited

Facilities :

Secured Loan	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
Foreign currency term loans from banks	561.886	596.419
Short-term borrowings
Working capital loans from banks	1771.756	1841.813
Total	2333.642	2438.232

Banking Relations :
Auditors :
Name :	K.S.G. Subramanyam and Company Chartered Accountant
Address :	II Floor, United Shopping Complex, 94/36, Dr. Nanjappa Road, Coimbatore - 641018, Tamilnadu, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAPPB2047W
Memberships :	--
Collaborators :	--
Holding Company:	· C.R.I.Amalgations Private Limited, India [U70101TZ2005PTC011989]
Subsidiary company:	· C.R.I.Pumps (FZE) · C.R.I.PUMPS Bombas · Hidraulicas Ltd · C.R.I.Pompa Sanayi Ticaet Limited · Bombas C.R.I.Espana.,S.L. · C.R.I.Pumps S.A.(PTY) Limited · C.R.I.Pumps (Shanghai) Company Limited · Fabbrica Italiana Pompe Sommergibili SRL
Enterprises over which Key Management Personnel and their relatives exercises significant influence:	· Beekay Industries · Beekay Wood works · Ess Vee Packs · J.J.Coatings · Apex Bright Bars (CBE) Private Limited, India [U27104TZ1993PTC004416] · Nirmal Pumps Private Limited, India [U29120TZ2007PTC013591] · Naargo Industries Private Limited, India [U29120TZ2005PTC012020] · Precicraft components India Private Limited, India [U29120TZ2002PTC010148] · Venkatalakshimi Alloy Castings Private Limited, India [U27107TZ1994PTC005495] · Pressmatic Engineers India Private Limited, India [U31900TZ2008PTC014347]

CAPITAL STRUCTURE

As on 31.03.2014

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	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	125.000	125.000	125.000
(b) Reserves & Surplus	2272.782	2011.764	1916.390
(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)	2397.782	2136.764	2041.390
(3) Non-Current Liabilities
(a) long-term borrowings	665.833	685.100	728.526
(b) Deferred tax liabilities (Net)	104.070	87.219	0.956
(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)	769.903	772.319	729.482
(4) Current Liabilities
(a) Short term borrowings	1871.756	1841.813	1522.420
(b) Trade payables	708.136	695.893	655.919
(c) Other current liabilities	500.704	614.800	487.109
(d) Short-term provisions	439.366	256.771	806.043
Total Current Liabilities (4)	3519.962	3409.277	3471.491
TOTAL	6687.647	6318.360	6242.363
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1607.519	1604.320	1455.726
(ii) Intangible Assets	0.829	0.829	0.829
(iii) Capital work-in-progress	156.921	13.908	72.275
(iv) Intangible assets under development	1.739	0.000	0.000
(b) Non-current Investments	290.186	108.000	108.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	59.750	31.322	51.840
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	2116.944	1758.379	1688.670
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2552.809	2466.600	2128.352
(c) Trade receivables	1210.328	1021.324	976.379
(d) Cash and cash equivalents	111.185	349.411	194.902
(e) Short-term loans and advances	693.090	716.274	1248.170
(f) Other current assets	3.291	6.372	5.890
Total Current Assets	4570.703	4559.981	4553.693
TOTAL	6687.647	6318.360	6242.363

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	9576.368	9257.098	7684.410
	Other Income	155.811	97.535	57.006
	TOTAL (A)	9732.179	9354.633	7741.416
Less	EXPENSES (B)	8455.031	8268.719	6974.573
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	1277.148	1085.914	766.843
Less	FINANCIAL EXPENSES (D)	291.397	250.451	234.170
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	985.751	835.463	532.673
Less/ Add	DEPRECIATION/ AMORTISATION (F)	268.516	280.833	238.239
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	717.235	554.630	294.434
Less	TAX (I)	236.852	240.663	20.583
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	480.383	313.967	273.851
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	142.254	246.880	245.666
Less	APPROPRIATIONS
	Dividend @150 (Previous Year 150%)	187.500	187.500	62.500
	Dividend Tax 16.995%	31.865	31.093	10.139
	Transfer to General Reserve	200.000	200.000	200.000
	Balance Carried to the B/S	203.272	142.254	246.878
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	1486.700	NA	NA
	TOTAL EARNINGS	1486.700	NA	NA
	IMPORTS
	Machineries	29.799	NA	NA
	Raw Materials	1264.800	NA	NA
	Others	55.850	NA	NA
	TOTAL IMPORTS	1350.449	NA	NA
	Earnings / (Loss) Per Share (Rs.)	38.43	25.12	21.91

Expected Sales (2014-2015): Rs.15000.000 Millions

The above information has been parted by Mr. Senthil Kumar

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	5.02	3.39	3.56
Operating Profit Margin (PBIDT/Sales)	(%)	13.34	11.73	9.98
Return on Total Assets (PBT/Total Assets}	(%)	11.50	8.95	4.86
Return on Investment (ROI) (PBT/Networth)		0.30	0.26	0.14
Debt Equity Ratio (Total Debt /Networth)		1.06	1.18	1.10
Current Ratio (Current Asset/Current Liability)		1.30	1.34	1.31

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	125.000	125.000	125.000
Reserves & Surplus	1916.390	2011.764	2272.782
Net worth	2041.390	2136.764	2397.782
long-term borrowings	728.526	685.100	665.833
Short term borrowings	1522.420	1841.813	1871.756
Total borrowings	2250.946	2526.913	2537.589
Debt/Equity ratio	1.103	1.183	1.058

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	7684.410	9257.098	9576.368
		20.466	3.449

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	7684.410	9257.098	9576.368
Profit	273.851	313.967	480.383
	3.56%	3.39%	5.02%

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	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
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	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	Yes
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, Athiapapyam Road, Dhinnavedampatti, Ganapathy, Coimbatore – 641 006, Tamilnadu, India to the present address w.e.f. 19.10.2007.

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. The revenue of the company for the current year is Rs.9732.179 Millions as against Rs. 9354.633 Millions, resulting in a growth of 4.03 %. The Company is in the path of focusing to achieve the top line growth and operational efficiencies so as to improve its share of market during the ensuing year and also to improve the profitability of the Company.

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
Deposits from others	103.947	88.681
Short-term borrowings
Loans repayable on demand from banks	100.000	0.000
Total	203.947	88.681

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10490027	25/07/2014 *	400,000,000.00	STANDARD CHARTERED BANK	NO.19 RAJAJI SALAI, CHENNAI, TAMIL NADU - 600001, INDIA	C13716980
2	10482287	30/01/2014	133,000,000.00	ING VYSYA BANK LIMITED	22,GROUND FLOOR,, ING VYSYA HOUSE,M.G.ROAD,, BANG ALORE, KARNATAKA - 560001, INDIA	B98380215
3	10299289	20/07/2011	250,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI TED	NAGABRAHMA TOWERS, 76, CATHEDRAL ROAD, CHENNAI, T AMIL NADU - 600086, INDIA	B17709494
4	10291684	02/07/2012 *	465,000,000.00	STANDARD CHARTERED BANK	NO.19,, RAJAJI SALAI,, CHENNAI, TAMIL NADU - 6000 01, INDIA	B43449941
5	10252226	18/10/2010	150,000,000.00	DBS BANK LIMITED	CHENNAI BRANCH,, 806, ANNA SALAI,, CHENNAI, TAMIL NADU - 600002, INDIA	A99273096
6	10235091	30/04/2011 *	300,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B15143589
7	10209382	01/03/2010	550,000,000.00	DBS BANK LIMITED	806, ANNA SALAI, CHENNAI, TAMIL NADU - 600002, IND IA	A81844524

* Date of charge modification

FIXED ASSETS

Tangible assets

· Land

· Buildings

· Plant and equipment

· Vehicles

· Office equipment

· Other equipments

Intangible assets

· Goodwill

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.63.07
UK Pound	1	Rs.98.73
Euro	1	Rs.77.46

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		64

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.