MIRA INFORM REPORT

Report No. :	353059
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	C R I PUMPS PRIVATE LIMITED

Registered Office :	7/46-1, Keeranatham Road, Saravanampatty Coimbatore – 641035, Tamilnadu
Tel. No.:	91-422-3027000

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 Million

CIN No.: [Company Identification No.]	U29120TZ1996PTC006902

IEC No.:	3299002406

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAACC9497N

Legal Form :	Private Limited Liability Company.

Line of Business :	Manufacturer of irrigation equipment. [Confirmed by management]

No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (59)

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 6800000

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is an established company incorporated in the year 1996. It has fair track. It has been operating in the agriculture and domestic pump industry for the past 45 years. As a result of its longstanding presence, it has been successful in establishing its brand, CRI Pumps, across the country. The ratings are also supported by the company’s adequate financial risk profile, marked by healthy cash generation and comfortable debt protection metrics in the year 2014. Further the company has reported significant top line growth along with decent profit margin in the year under consideration. Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitments. In view of healthy financial condition, the company can be considered for normal dealings with 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 – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

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
Rating	Long Term Rating = A
Rating Explanation	Adequate degree of safety and low credit risk
Date	January 21, 2015

Rating Agency Name	CRISIL RATING
Rating	Short Term Rating = A1
Rating Explanation	Very strong degree of safety and carry lowest credit risk
Date	January 21, 2015

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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Soundarjan Gopal
Designation :	Director
Contact No.:	91-422-3027000
Date :	07.12.2015

LOCATIONS

Registered Office/ Factory :	7/46-1, Keeranatham Road, Saravanampatty Coimbatore – 641035, Tamilnadu, India
Tel. No.:	91-422-3027000
Fax No.:	91-422-3027005
E-Mail :	Amudhalakshmi.a@cripumps.com corp@cripumps.com
Website :	http://www.cripumps.com
Location :	Owned
Locality :	Industrial

DIRECTORS

AS ON 26.09.2014

Name :

Velumani Chinnasamy

Designation :

Whole-Time Director

Address :

15 B-1, Shringar Nagar, Bharathy Colony, Coimbatore - 641004, Tamil Nadu, India

Date of Birth/Age :

15.12.1950

Date of Appointment :

18.05.2007

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
8	U74999TZ2015NPL021035	FOUNDRIES DEVELOPMENT FOUNDATION	Director	12/01/2015	12/01/2015	-	Active	NO

Name :

Soundararajan Gopal

Designation :

Whole-Time Director

Address :

No -1, Shringar Nagar Extn, Bharathi Colony, Peelamedu,, Coimbatore - 641004, Tamil Nadu, India

Date of Birth/Age :

16.05.1958

Date of Appointment :

31.01.1996

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	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
8	U74999TZ2015NPL021035	FOUNDRIES DEVELOPMENT FOUNDATION	Director	12/01/2015	12/01/2015	-	Active	NO

Name :

Rajendran Gopal

Designation :

Managing Director

Address :

46, A.T.T.Colony, Upplipalayam, Coimbatore - 641018, Tamil Nadu, 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	U29120TZ1996PTC006902	C R I PUMPS PRIVATE LIMITED	Managing director	31/01/1996	31/01/1996	-	Active	NO
3	U02921TZ1996PLC006903	RANSAR INDUSTRIES LIMITED	Director	31/01/1996	31/01/1996	-	Amalgamated	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
9	U17100TZ2015PTC021325	RAAJCO SPINNERS PRIVATE LIMITED	Director	24/04/2015	24/04/2015	-	Active	NO

Name :

Selvaraj Gopal

Designation :

Managing Director

Address :

3/3, Chandragandhi Nagar, 5th Cross Street, Sowripalayam, Coimbatore, 641028, Tamil Nadu, India

Date of Birth/Age :

01.07.1966

Date of Appointment :

31.01.1996

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 :

Lalithamani Rajendran

Designation :

Director

Address :

46, A.T.T.Colony, Upplipalayam, Coimbatore, 641018, Tamil Nadu, 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
4	U17100TZ2015PTC021325	RAAJCO SPINNERS PRIVATE LIMITED	Director	24/04/2015	24/04/2015	-	Active	NO

Name :

Chitra Selvaraj

Designation :

Director

Address :

3/3, Chandragandhi Nagar, 5th Cross Street, Sowripalayam, Coimbatore, 641028, Tamil Nadu, 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 :

Asha Geethanjali Soundararajan

Designation :

Director

Address :

Aiswarya, No.1, Shringar Nagar Extn, Bharathi Colony, Peelamedu, Coimbatore, 641004, 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

MAJOR SHAREHOLDERS

AS ON 26.09.2014

Names of Shareholders		No. of Shares
Rajendran Gopal		1712947
Soundararajan Gopal		1712947
Selvaraj Gopal		1712946
CRI Amalgamtion Private Limited, India		6874910
Velumani C		486250

Total		12500000

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 :	Manufacturer of irrigation equipment. [Confirmed by management]

Products :	Irrigation Equipments

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :
Products :	Raw Material
Countries :	China

Terms :
Selling :	Cash and Credit (30/60/90 days)

Purchasing :	Cash and Credit (30/60/90 days)

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 :	Not Divulged
Remark:	Not Divulged

Customers :

End Users, OEMs

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 :	Not Divulged
Remark:	Not Divulged

No. of Employees :

500 (Approximately)

Bankers :

Banker Name	Kotak Mahindra Bank
Branch Address	M.G. Road, Bangalore, Karnataka, India
Person Name (With Designation)	Not Divulged
Contact Number	91-80-25005005
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Cash Credit Rs. 133.000 Million
Account Operation	Not Divulged
Remarks (If any)	Management non-cooperative

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Foreign currency term loans from banks	561.886	596.419

SHORT TERM BORROWING
Working capital loans from banks	1771.756	1841.813

Total	2333.642	2438.232

Auditors :
Name :	K.S.G. Subramanyam and Company Chartered Accountants
Address :	II Floor United Shopping Complex, 94/36 Dr. Nanjappa Road, Coimbatore - 641018 India
PAN N Income-tax PAN of auditor or auditor's firm :	AAPPB2047W

Memberships :	Not Available

Collaborators :	Not Available

Holding Company :	C.R.I.Amalgations Private Limited

Subsidiary company :	C.R.I.Pumps (FZE) C.R.I.PUMPS Bombas Hidraulicas Limited 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

CAPITAL STRUCTURE

AS ON 26.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

15250000	Equity Shares	Rs.10/- each	Rs. 152.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

12500000	Equity Shares	Rs.10/- each	Rs. 125.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	9732.179	9354.633	7741.416

Less	EXPENSES
	TOTAL	8455.031	8268.719	6974.573

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	1277.148	1085.914	766.843

Less	FINANCIAL EXPENSES	291.397	(250.451)	234.170

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	985.751	835.463	532.673

Less/ Add	DEPRECIATION/ AMORTISATION	268.516	(280.833)	238.239

	PROFIT/ (LOSS) BEFORE TAX	717.235	554.630	294.434

Less	TAX	236.852	240.667	20.583

	PROFIT/ (LOSS) AFTER TAX	480.383	313.963	273.851

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	142.254	246.880	245.666

Less	APPROPRIATIONS
	Transfer to General Reserve	200.000	200.000	200.000
	Dividend	187.500	187.500	62.500
	Tax on Dividend	31.865	31.093	10.139
	BALANCE CARRIED TO THE B/S	203.272	142.254	246.880

	EARNINGS IN FOREIGN CURRENCY
	Export Earnings	1486.702	1371.011	764.711
	TOTAL EARNINGS	1486.702	1371.011	764.711

	IMPORTS
	Raw Materials	126.480	803.943	507.137
	Stores & Spares	29.799	18.776	97.373
	Others	55.850	106.869	8.847
	TOTAL IMPORTS	212.129	929.588	613.357

	Earnings Per Share (Rs.)	38.43	25.12	21.91

Particulars

31.03.2015

Sales Turnover (Approximately)

10000.000

The above information has been parted by Mr. Soundarjan Gopal (Director)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	717.472	877.500	816.951

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 Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
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 Million)	(Rs. In Million)	(Rs. In Million)
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 Million)	(Rs. In Million)	(Rs. In Million)
Sales	7684.410	9257.098	9576.368
Profit	273.851	313.963	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	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	Yes
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last four years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from 122 B Athipalayam Road, Chiannavedampati, Ganapathy Post, Coimbatore – 641006, Tamilnadu, India to the present address w.e.f. 19.10.2007.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Deposits from others	103.947	88.681
SHORT TERM BORROWING
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	10570066	27/04/2015	300,000,000.00	The Hongkong and Shanghai Banking Corporation Limi ted	30, Rajaji Salai,, CHENNAI, Tamil Nadu - 600001, I NDIA	C53969101
2	10598978	19/05/2015 *	130,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, Maharashtra - 400013, INDIA	C69157733
3	10490027	25/07/2014 *	400,000,000.00	STANDARD CHARTERED BANK	NO.19 RAJAJI SALAI, CHENNAI, Tamil Nadu - 600001, INDIA	C13716980
4	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
5	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
6	10291684	02/07/2012 *	465,000,000.00	STANDARD CHARTERED BANK	NO.19,, RAJAJI SALAI,, CHENNAI, Tamil Nadu - 6000 01, INDIA	B43449941
7	10252226	18/10/2010	150,000,000.00	DBS BANK LIMITED	CHENNAI BRANCH,, 806, ANNA SALAI,, CHENNAI, Tamil Nadu - 600002, INDIA	A99273096
8	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
9	10209382	01/03/2010	550,000,000.00	DBS BANK LIMITED	806, ANNA SALAI, CHENNAI, Tamil Nadu - 600002, IND IA	A81844524
10	10121013	29/12/2010 *	250,000,000.00	CITIBANK N.A.	No.2, CLUB HOUSE ROAD, ANNA SALAI, CHENNAI, Tamil Nadu - 600002, INDIA	B04047510

* Date of charge modification

FIXED ASSETS

Land
Buildings
Plant and Equipments
Furniture and Fixture
Vehicles
Other Equipments

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 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. 66.42
UK Pound	1	Rs. 99.17
Euro	1	Rs. 72.14

INFORMATION DETAILS

Information Gathered by :	PPT

Analysis Done by :	KIN

Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--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	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		59

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
Z	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.

MIRA INFORM REPORT

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