MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	SAICO CRANES PRIVATE LIMITED
Country :	India
Financials (as on) :	31.03.2013
TAN No.: [Tax Deduction & Collection Account No.]	NSKS07227D
Legal Form :	Private Limited Liability Company
No. of Employees :	Information denied by management

BUSINESS DETAILS

Line of Business :

Manufacture of material handing equipment’s such as EOT Cranes, Transfer Trolleys, traversers and spares.

GENERAL INFORMATION

No. of Employees :

Information denied by management

Bankers :

Canara Bank, 35, Mukund Niwas, Sion West, Mumbai – 400022, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Loans repayable on demand - bank
Canara Bank Sion (West) Branch	1.355	6.430
Canara Bank Nasik	0.717	0.000
Total	2.072	6.430

Note:

Secured by hypothecation of stocks and debtors.

Banking Relations :

--

Auditors :

Name :

B.G. Baliga and Company

Chartered Accountants

Address :

 515, Marathon Max, Mulund Goregaon Link Road, Mulund (West), Mumbai -  400080, Maharashtra, India

Tel. No.:

91-22-65260824 / 25645146

Fax No.:

91-22-25645146

E-Mail :

aniket_baliga@yahoo.co.in

PAN No.:

AAFPB1214L

Associate Concerns :

· Saico Engineers and Fabricators

· Saico Multiproducts Private Limited

· Sai Engineers

MAJOR SHAREHOLDERS

As on 30.09.2013

Names of Shareholders	No. of Shares	% of Holding
Harish Khubchand Alimchandani	127500	51.00
Kanta Harish Alimchandani	35000	14.00
Jaideep Harish Alimchandani	87500	35.00
Total	250000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2.500	2.500	2.500
(b) Reserves & Surplus	46.296	38.448	28.731
(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)	48.796	40.948	31.231
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	9.323	8.222	5.418
(d) long-term provisions	2.103	0.000	0.000
Total Non-current Liabilities (3)	11.426	8.222	5.418
(4) Current Liabilities
(a) Short term borrowings	2.072	6.430	0.000
(b) Trade payables	21.479	33.443	18.942
(c) Other current liabilities	21.745	33.031	55.253
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	45.296	72.904	74.195
TOTAL	105.518	122.074	110.844
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	7.337	8.311	9.562
(ii) Intangible Assets	0.000	0.000	0.000
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.216	0.036	0.007
(d) Long-term Loan and Advances	0.212	0.173	0.169
(e) Other Non-current assets	26.694	11.999	1.050
Total Non-Current Assets	34.459	20.519	10.788
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	42.764	48.894	41.589
(c) Trade receivables	10.146	25.946	12.325
(d) Cash and cash equivalents	5.700	11.653	38.165
(e) Short-term loans and advances	12.449	15.062	7.964
(f) Other current assets	0.000	0.000	0.013
Total Current Assets	71.059	101.555	100.056
TOTAL	105.518	122.074	110.844

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	TOTAL INCOME		192.933	225.284	170.904
Less	EXPENSES		174.025	207.730	156.410
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		18.908	17.554	14.494
Less	FINANCIAL EXPENSES		3.250	0.696	0.281
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION)		15.658	16.858	14.213
Less	DEPRECIATION/ AMORTISATION		0.989	1.187	1.294
	PROFIT/(LOSS) BEFORE TAX		14.669	15.671	12.919
Less	TAX		6.820	5.954	5.177
	PROFIT/(LOSS) AFTER TAX		7.849	9.717	7.742
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		38.447	28.730	20.988
	BALANCE CARRIED TO THE B/S		46.296	38.447	28.730
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	37.742	19.898	16.590
	TOTAL EARNINGS		37.742	19.898	16.590
	IMPORTS
		Stores & Spares	0.011	0.000	0.000
	TOTAL IMPORTS		0.011	0.000	0.000
	Earnings Per Share (Rs.)		38.19	38.87	30.97

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

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

LOCATIONS

Registered Office :	515, Marathon Max, Mulund Goregaon Link Road, Mulund (West), Mumbai -  400080, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	saico@saicocranes.com
Factory :	B-18/2/2, MIDC, Ambad, Nashik - 422010, Maharashtra, India
Tel. No.:	91-253-2380545 / 2382367
Sales Offices :	Located At: · Mumbai · Kolkata

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