MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	CRI LIMITED
Country :	India
Financials (as on) :	31.03.2013
TAN No.: [Tax Deduction & Collection Account No.]	CALC00464C CALC04423G
PAN No.: [Permanent Account No.]	AABCC3552F
Legal Form :	A Closely Held Public Limited Liability Company
No. of Employees :	500 (Approximately)

BUSINESS DETAILS

Line of Business :

Manufacturing and Trading of Ball Pen Tip for Refilis and Ball Pen Refill Adaptors etc.

Products :

Item Code No. (ITC Code)	Product Description
96089199	Ball Pen Tips / Gel Pen Tips

Exports :

Products :

Finished Goods

Countries :

All over world

Imports :

Products :

Raw Material

Countries :

· China

· Germany

Terms :

Selling :

Cash, Advance Payment, Cheque and Credit

Purchasing :

Cash, Advance Payment, Cheque and Credit

GENERAL INFORMATION

No. of Employees :

500 (Approximately)

Bankers :

Ø Industrial Development Bank of India Limited, 44, Shakepeare Sarani, Kolkata – 700017, West Bengal, India

Ø Kotak Mahindra Bank limited, 36-38, Nariman Bhavan, 227, D, Nariman Point, Mumbai – 400021, Maharashtra, India

Ø State Bank of Hyderabad, Park Street Branch, 113 Park Street, Kolkata – 700016, West Bengal, India

Ø IDBI Bank Limited, MSME IDBI House, 44 Shakespeare Sarani, Mumbai-700017, West Bengal, India

Ø The Hongkong and Shanghai Banking Corporation Limited, Hong Kong House, 31 B B D Bag, Kolkata – 700001, west Bengal, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Rupee term loan from bank	196.453	186.663
SHORT TERM BORROWINGS
Working capital loan from bank	135.000	140.000
Loans repayable on demand from bank	138.901	85.321
Total	470.354	411.984

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Loan and advance from others	13.703	25.365
Other loan and advance	145.191	137.400
SHORT TERM BORROWINGS
Loan and advance from others	0.000	19.300
Total	158.894	182.065

Banking Relations :	--
Auditors :
Name :	R. Kothari and Company Chartered Accountants
Address :	16 A, Shakespeare Sarani, Kokata-700071, West Bengal, India
Tel. No. :	91-33-22826807/22826809/22826776
Fax No. :	91-33-22825921
PAN No. :	AAFFR7336B
Subsidiaries :	CRI International Limited, UAE CRI (Shanghai) Company Limited, China CRI Bangladesh Limited, Bangladesh
Enterprises which are owned or have significant influences of or are partners with key management personnel and their relatives	PAN Emami Cosmed Limited CIN No. : U24246WB1994PLC061553

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 16.09.2013

Names of Shareholders	No. of Shares
Bhanu Vyapaar Private Limited, India	77830
Raj Kumar Goenka	111340
New Way Construction Limited, India	490000
Usha Agarwal	124450
Manish Goenka	140000
Jyoti Goenka	100000
Mohan Goenka	100000
Richa Agarwal	100000
Harsha Vardhan Agarwal	100000
Aditya Vardhan Agarwal	143000
Suntrack Commerce (Private) Limited, Kolkata, India	306240
Suraj Viniyog (Private) Limited, Kolkata, India	181300
Pan Emami Cosmed Limited, Kolkata, India	1766750
Rashmi Goenka	25000
Priti Sureka	15000
Diwakar Viniyog (Private) Limited, Kolkata, India	318500
Emami Limited, Kolkata, India	95630
Aviro Vyapaar Private Limited, Kolkata, India	1435060
EPL Securities Limited, India	332800
EPL Foods Limited, India	320000
Medal Chemical and Research Works Limited, India	625000
Emami Highrise Private Limited, India	181300
Emami Enclave Makers Private Limited, India	110100
Prestige Vyapaar Limited, India	103000
Indu Goenka	40000
Santosh Goenka	40000
Total	7382300

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	73.823	73.823	73.823
(b) Reserves & Surplus	205.225	206.914	214.929
(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)	279.048	280.737	288.752
(3) Non-Current Liabilities
(a) long-term borrowings	355.347	349.428	311.253
(b) Deferred tax liabilities (Net)	56.919	52.664	53.765
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	9.567	9.826	9.406
Total Non-current Liabilities (3)	421.833	411.918	374.424
(4) Current Liabilities
(a) Short term borrowings	273.901	244.621	154.473
(b) Trade payables	183.593	178.049	154.753
(c) Other current liabilities	50.987	117.799	104.461
(d) Short-term provisions	3.910	2.675	1.115
Total Current Liabilities (4)	512.391	543.144	414.802
TOTAL	1213.272	1235.799	1077.978
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	567.496	578.882	488.729
(ii) Intangible Assets	0.155	0.988	1.068
(iii) Capital work-in-progress	38.351	39.266	54.723
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	7.380	7.380	6.937
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	5.590	11.064	17.531
(e) Other Non-current assets	0.633	4.537	3.513
Total Non-Current Assets	619.605	642.117	572.501
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	293.106	284.329	229.974
(c) Trade receivables	206.935	200.429	174.942
(d) Cash and cash equivalents	28.700	62.376	79.514
(e) Short-term loans and advances	6.848	14.629	7.884
(f) Other current assets	58.078	31.919	13.163
Total Current Assets	593.667	593.682	505.477
TOTAL	1213.272	1235.799	1077.978

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	1710.769	1397.857	1167.569
		Other Income	23.129	12.147	1.299
		TOTAL	1733.898	1410.004	1168.868
Less	EXPENSES
		Cost of material consumed	785.945	623.328	543.751
		Purchase of stock-in-trade	577.015	416.014	287.634
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(59.010)	(31.347)	(51.029)
		Employee benefit expenses	89.592	84.090	72.064
		Other expenses	202.873	202.384	175.653
		TOTAL	1596.415	1294.469	1028.073
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		137.483	115.535	140.795
Less	FINANCIAL EXPENSES		68.712	61.891	41.562
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		68.771	53.644	99.233
Less/ Add	DEPRECIATION/ AMORTISATION		62.987	57.598	67.034
	TOTAL PROFIT BEFORE PRIOR PERIOD ITEMS, EXCEPTIONAL ITEMS, EXTRAORDINARY ITEMS AND TAX		5.784	(3.954)	32.199
Add	EXCEPTIONAL ITEMS BEFORE TAX		0.000	19.421	0.000
	PROFIT/ (LOSS) BEFORE TAX		5.784	15.467	32.199
Less	TAX		4.836	2.384	11.818
	PROFIT/ (LOSS) AFTER TAX		0.948	13.083	20.381
	FOREIGN EXCHANGE EARNED		306.787	302.152	NA
	Earnings / (Loss) Per Share (Rs.)		0.13	1.77	2.76

RATING & COMMENTS

MIRA’s Rating :

B (31)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear

RBI DEFAULTERS LIST STATUS

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

LOCATIONS

Registered Office :	Premises No. 333, Mahamayatalla, Garia Main Road, Kolkata – 700084, West Bengal, India
Tel. No. :	91-33-66223000
Fax No. :	91-33-24356494
E-Mail :	mail@critips.com
Website :	http://www.critips.com

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.