MIRA INFORM REPORT

Report No. :	306684
Report Date :	07.02.2015

IDENTIFICATION DETAILS

Name :	CROMPTON GREAVES LIMITED
Registered Office :	6^th Floor, C.G. House, Dr. Annie Besant Road, Worli, Mumbai – 400030, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	28.04.1937
Com. Reg. No.:	11-002641
Capital Investment / Paid-up Capital :	Rs. 1253.500 Millions
CIN No.: [Company Identification No.]	L99999MH1937PLC002641
TAN No.: [Tax Deduction & Collection Account No.]	MUMCO5628A
PAN No.: [Permanent Account No.]	AAACC3840K
Legal Form :	A Public Limited Liability company. The company’s Shares are Listed on the Stock Exchanges.
Line of Business :	The main objects of the Company is manufacture, distribution and sales, installation and servicing of electrical and allied equipment such as industrial motors, fractional horse power motors, control gear, power and distribution transformers, alternators, switchgear, tap changers, etc.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (63)

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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is an established company having good track record. Financial position of the company is sound. Fundamentals are strong. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered normal for 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.

EXTERNAL AGENCY RATING

Rating Agency Name	FITCH
Rating	Long term rating: “AA”
Rating Explanation	High degree of safety and very low credit risk.
Date	September 2014

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 DECLINED

Management Non-cooperative. (Tel. No.: 91-22-24237777)

LOCATIONS

Registered Office :	6^th Floor, C.G. House, Dr. Annie Besant Road, Worli, Mumbai – 400030, Maharashtra, India
Tel. No.:	91-22-24237777
Fax No.:	91-22-24237733
E-Mail :	minal.bhosale@cgglobal.com investorservices@cgglobal.com
Website :	http://www.cglonline.com
Plant Locations :	POWER SYSTEMS Kanjur, Bhandup, Mumbai – 400042, Maharashtra, India Tel. No. 91-22-25782451 Fax No. 91-22-25783271/ 25783216 E-Mail. : vmasson@tone.cgl.co.in A/3, MIDC Area, Ambad, Nashik – 422010, Maharashtra, India Tel. No. 91-253-2382271/ 2382275 Fax No. 91-253-2381247 E-Mail. : contact@cglmail.com D-2, MIDC, Waluj, Aurangabad – 431136, Maharashtra, India Tel. No. 91-240-2554662 /2554371/ 2554372/ 2554559 Fax No. 91-240-2554697 E-Mail. : cglsg@bom4.vsnl.net.in 209, Mumbai Pune Road, Pimpri, Pune – 411018, Maharashtra, India Tel. No. 91-20-27474925 Fax No. 91-20-27474972 E-Mail. : cgt2@mantraonline.com T1+T2, MPAKVN Industrial Area, Malanpur (District Bhind) - 477716, Madhya Pradesh, India Tel. No. 91-7539-283502/ 3507/ 3470 Fax No. 91-7539-283585 E-Mail. : cgt2@mantraonline.com Plot No.29-32, New Industrial Area No.1, Mandideep – 462046, Madhya Pradesh, India Tel. No. 91-7480-233306 Fax No. 91-7480-233149 E-Mail. cglt-bpl@sancharnet.in Plot No. 65, Phase 1, SIPCOT Industrial Complex, Hosur - 635126, Tamilnadu, India Telefax : 91-4344-2579633 Fax No. : 91-4344-2579622 E-Mail. : cgpolycrete@satyam.net.in INDUSTRIAL SYSTEMS Kanjur, Bhandup, Mumbai – 400042, Maharashtra, India Tel. No. 91-22-2578 2451 Fax No. 91-22-2578 3845 E-Mail. : imd@cgl.co.in A/6-2, MIDC Industrial Area, Ahmednagar – 414111, Maharashtra, India Tel. No. 91-241-2777372 Fax No. 91-241-2777508 E-Mail. : sc.gupta@mail.cgl.co.in Unit-2, B-110, MIDC Industrial Area, Ahmednagar – 414111, Maharashtra, India Tel. No. 91-241-2778521 Fax No. 91-241-2777491 E-Mail. : gupta.r.k@mail.cgl.co.in Plot No. 4, Gate No. 627/2, Village Kuruli, Near Chakan, Pune - 410501, Maharashtra, India Tel. No. 91-2135-254641/2 E-Mail. feeder@cgl.co.in D-5, Industrial Area, MPAKVN, Mandideep – 462046, Madhya Pradesh, India Tel. No. 91-7480-233116 / 233118 Fax No. 91-7480-233119 E-Mail. : ak.raina@mail.cgl.co.in 11-B, Industrial Area 1, Pithampur – 454775, District Dhar, Madhya Pradesh, India Tel. No. 91-7292-253194/ 253258 Fax No. 91-7292-253211 E-Mail. : cglsrub@sancharnet.in C 71-72, MIDC Industrial Area, Satpur, Nashik – 422 007, Maharashtra, India Tel. No. 91-253-2351067/ 69 Fax No. 91-253-2351492 E-Mail. : vrkumar@satpur2.cgl.co.in D-2-21, 22, 23, Tivim Industrial Estate, Karaswada, Bardez, Goa - 403526, India Tel. No. 91-832-2257639/ 409 Fax No. 91-832-2257207 E-Mail. : sagar.r.k.@mail.cgl.co.in 196-198, Kundaim Industrial Estate, Kundaim, Ponda, Goa - 403110, India Tel. No. 91-834-2395510 Fax No. 91-834-2395377 E-Mail.: cglfhpg@goatelecom.com L. B. Shastri Marg, Bhandup, Mumbai - 400078, Maharashtra, India Tel. No. : 91-22-25783865/ 3581/ 83 Fax No. : 91-22-25782877 Dr. E. Moses Road, Worli, Mumbai – 400018, Maharashtra, India Tel. No. : 91-22-24933913/ 916 Fax No.: 91-22-24951411 CONSUMER PRODUCTS Kanjur (East), Bhandup, Mumbai – 400042, Maharashtra, India Tel. No. 91-22-25782451 Fax No. 91-22-25786046 Dr. E. Moses Road, Worli, Mumbai – 400018, Maharashtra, India Tel. No. 91-22-24951983 / 24944376/ 24977652 Fax No. 91-22-24604707 / 4708 / 24973046 E-Mail. : vrm@cgl.co.in Kural Village, Padra Taluka, Padra-Jambusar Road, District Baroda, Gujarat, India Tel. No. : 91-2662-242278 Fax No. : 91-2662-242326 E-Mail. : kvs@mail.cgl.co.in 325-326, Kundaim Industrial Estate, Ponda, Goa - 403110, India Tel. No. : 91-832-2395304 Fax No. : 91-832-2395305 A-28, MIDC, Ahmednagar - 414111, Maharashtra, India Tel. No. 91-241-2777155 E-Mail. uhm@cgl.co.in 214-A, Kundaim Industrial Estate, Kundaim, Goa - 403 110, India Tel. No. 91-832-2395246/ 206/ 304 Fax No. 91-832-2395305 E-Mail. rsk@mail.cgl.co.in Plot No. 1, IDC Industrial Estate, Bethora, Ponda, Goa-403409, India Tel. No. 91-832-2330005/ 2330742 Fax No. 91-832-2313155 E-Mail. rsk@mail.cgl.co.in Village and Import Export Executive Channo, District Sangrur - 148026, Punjab, India DIGITAL GROUP 10-A Jigani Industrial Estate, Jigani, Anekal, Bangalore Rural - 562106, Karnataka, India E-Mail. cgl.rcd@cromption.sril.in 11A and 11C Industrial Area, Pithampur – 454775, District Dhar, Madhya Pradesh, India Tel. No. 91-7292-253035/ 253071 Fax No. 91-7292-253213 E-Mail. hs_sekhon@yahoo.co.in INTERNATIONAL DIVISION Jagruti, 2nd Floor, Kanjur Marg (East), Mumbai - 400 042, Maharashtra, India Tel No. 91-22-25782451-7 / 25776524 / 6649 / 25776723 / 25784211-19 / 67558000 Fax No. 91-22-25774066 E-Mail. ashley@cgl.co.in DOMESTIC APPLIANCES DIVISION 27, Rani Jhansi Road, New Delhi - 110055, India Tel. No. 91-11-27516993/ 23632349 Fax No. 91-11-27514899 ENGINEERING PROJECTS DIVISION Bombay Mutual Building, 4th Floor, 232, NSC Bose Road, PO Box No.100, Chennai - 600001, Tamilnadu, India Tel No. 91-44-25341941 Fax No. 91-44-25341048 E-Mail. cglepd@vsnl.com 50, Chowringhee Road, Kolkata - 700071, West Bengal, India Tel. No. 91-33-22828709/ 22820814/ 3716 Fax No. 91-33-22823715 LIGHTING DIVISION Dr. E. Moses Road, Worli, Mumbai - 400018, Maharashtra, India Tel. No. 91-22-24604701
Regional Office :	3rd Floor, Express Building, 9-10 Bahadur Shah Zafar Marg, Near to Crossing, New Delhi-110001, India
Regional Sales Office :	Northern Region Located at: v Jaipur v Jalandhar v Lucknow v New Delhi Eastern Region Located at: v Kolkata v Bhubaneswar v Patna Western Region Located at: v Mumbai v Ahmedabad v Baroda v Indore v Pune v Nagpur v Raipur Southern Region Located At: v Chennai v Bangalore v Secunderabad v Cochin v Coimbatore Satellite Office Located at: v Coimbatore v Cochin v Ernakulam v Chennai v Madurai v Vijayawada v Mandapam

DIRECTORS

As on: 31.03.2014

Name :	Mr. Gautam Thapar
Designation :	Chairman
Name :	Mr. S.M. Trehan
Designation :	Vice Chairman (Managing Director upto 1^st June, 2011)
Name :	Mr. L. Demortier
Designation :	Managing Director
Name :	Mr. S. Apte
Designation :	Non-Executive Director
Name :	Mr. Omkar Goswami
Designation :	Non-Executive Director
Name :	Mr .B Hariharan
Designation :	Non-Executive Director
Name :	Mr. S. Labroo
Designation :	Non-Executive Director
Name :	Mr. S. Prabhu
Designation :	Non-Executive Director
Name :	Mr. M. Pudumjee
Designation :	Non-Executive Director
Name :	Mr. C Lewiner
Designation :	Non-Executive Director
Name :	Mr. V. Von Massow
Designation :	Non-Executive Director

KEY EXECUTIVES

Name :	Mr. M. Acharya
Designation :	Chief Financial Officer
Name :	Mr. M. Bhosale
Designation :	Company Secretary
Name :	Mr. Ravi Rajagopal
Designation :	Executive Vice President and Global Head
Name :	Mr. Sanjay Jorapur
Designation :	Executive Vice President and Global Head
Name :	Mr. Jayant Kulkarni
Designation :	Executive Vice President and Global Head
Name :	Mr. Norberto Santiago Elustondo
Designation :	Executive Vice President and Global Head
Name :	Mr. Ash Gupta
Designation :	Executive Vice President and Global Head
Name :	Mr. Dileep Patil
Designation :	Executive Vice President and Chief Technology Officer
Name :	Mr. Madhav Acharya
Designation :	Executive Vice President, Financial Officer and Chief Information Officer
Name :	Mr. Anil Raina
Designation :	Executive Vice President and President

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 31.12.2014

Category of Shareholder	Total No. of Shares	% of Total No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Bodies Corporate	215451070	34.43
Sub Total	215451070	34.43
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	215451070	34.43
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	153702217	24.56
Financial Institutions / Banks	1638880	0.26
Insurance Companies	38380220	6.13
Foreign Institutional Investors	93247944	14.90
Qualified Foreign Investor	524	0.00
Sub Total	286969785	45.86
(2) Non-Institutions
Bodies Corporate	60233463	9.63
Individuals
Individual shareholders holding nominal share capital up to Rs. 1 lakh	51165133	8.18
Individual shareholders holding nominal share capital in excess of Rs. 1 lakh	6037204	0.96
Any Others (Specify)	5910643	0.94
Non Resident Indians	2268002	0.36
Overseas Corporate Bodies	447831	0.07
Foreign Corporate Bodies	3192002	0.51
Foreign Nationals	2808	0.00
Sub Total	123346443	19.71
Total Public shareholding (B)	410316228	65.57
Total (A)+(B)	625767298	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	978844	0.00
Sub Total	978844	0.00
Total	626746142	0.00

BUSINESS DETAILS

Line of Business :	The main objects of the Company is manufacture, distribution and sales, installation and servicing of electrical and allied equipment such as industrial motors, fractional horse power motors, control gear, power and distribution transformers, alternators, switchgear, tap changers, etc.
Products :	· Motors · Fractional Horse Power Motors · Control Gear · Power And Distribution Transformers · Alternators · Switchgear · Tap Changers, Etc.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

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 :

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 :

Information declined by the management

Bankers :

v Union Bank of India

v IDBI Bank Limited

v State Bank of India

v ICICI Bank Limited

v Corporation Bank

v The Royal Bank of Scotland N.V.

v Canara Bank

v Standard Chartered Bank

v Bank of Maharashtra

v Credit Agricole CIB

v Yes Bank Limited

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWINGS
Working capital demand loan	299.900	129.300
Total	299.900	129.300

Auditors :
Name :	Sharp and Tannan Chartered Accountants
Solicitors :	Crawford Bayley and Company
Subsidiaries :	CG Energy Management Limited CG – PPI Adhesive Products Limited CG – ZIV Power Automation Solutions Limited CG Power Solutions Limited Crompton Greaves Holdings Mauritius Limited CG International Holdings Singapore PTE. Limited CG International B.V. PT. CG Power Systems Indonesia CG Holdings Belgium N.V. CG Power Holdings Ireland Limited CG Power System USA Inc. CG Power Systems Belgium N.V. CG Automation Systems UK Limited CG Power Systems Ireland Limited CG Sales Networks France SA Microsol Limited Viserge Limited CG Service Systems France SAS CG Holdings Hungary Kft. CG Electric Systems Hungary Zrt. CG Power USA Inc. CG Power Systems Canada Inc. CG Service Systems Curacao N.V. CG Power Solutions UK Limited CG Power Solutions Saudi Arabia Ltd CG Power Systems Brazil LTDA CG Power County LLC CG Drives and Automation Germany GmbH Emotron Latin America Inc. CG Industrial Holdings Sweden AB CG Drives and Automation Sweden AB CG Drives and Automation Netherlands B.V. ZIVI D Smart Energy Networks ZIV Aplicacionesy Tecnologia S.L. ZIV Communications S.A. ZIV Metering Solutions S.L. ZIV USA Inc. ZIV Grid Automation S.L. ZIV do Brasil LTDA Crompton Greaves Sales Network Malaysia SDN.BHD. CG Middle East FZE
Associates:	CG Lucy Switchgear Limited
Other related parties in which directors are interested:	· Ballarpur Industries Limited · Solaris Chem Tech Industries Limited · BILT Graphic Paper Products Limited · Avantha Holdings Limited · Salient Business Solutions Limited · Avantha Realty Limited · Korba West Power Company Limited · Sabah Forest Industries Sdn. Bhd. · Malanpur Captive Power Limited · Corella Investments Limited · Lustre International Limited · Varun Prakashan Private Limited · Jhabua Power Limited

CAPITAL STRUCTURE

As on: 31.03.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
1805000000	Equity Shares	Rs. 2/- Each	Rs.3610.000 Millions

Issued,:

No. of Shares	Type	Value	Amount
626788442	Equity Shares	Rs.2/- each	Rs. 1253.500 Millions

Subscribed and Paid Up Capital:

No. of Shares	Type	Value	Amount
626746142	Equity Shares	Rs.2/- each	Rs. 1253.500 Millions

Reconciliation of the number of the shares outstanding at the beginning and at the end of the year:

Issued share capital	31.03.2014
Authorised share capital:	No. of Shares	Rs. in Millions
Balance at the beginning of the year	641533836	1283.000
Less: Shares bought back	14745394	29.500
Balance at the end of the year	626788442	1253.500

Subscribed & Paid-up	31.03.2014
Authorised share capital:	No. of Shares	Rs. in Millions
Balance at the beginning of the year	641533836	1283.000
Less: Shares bought back	14745394	29.500
Balance at the end of the year	626788442	1253.500

Terms / rights attached to equity shares:

The Company has only one class of share capital, i.e., equity shares having face value of Rs.2 per share. Each holder of equity share is entitled to one vote per share.

During the year, the Company has declared and paid interim dividend of Rs. 0.80 per share. The Company has recommended a final dividend of Rs.0.40 per share, subject to approval of shareholders at the ensuing Annual General Meeting.

In the event of liqudation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Details shareholders holding more than 5% shares in the Company:

Particulars	31.03.2014
	%	No. of Shares
1. Avantha Holdings limited	40.84	255937034
2. HDFC Trustee company limited – HDFC Equity Fund	9.30	58269500
3. life insurance corporation of India	5.24	32842674

Aggregate number of bonus shares issued during the period of five years immediately preceding the reporting date:

Particulars	31.03.2014
	No. of Shares
shares issued as fully paid-up bonus shares	274924944

Aggregate number of bonus shares issued bought back during the period of five years immediately preceding the reporting date:

Particulars	31.03.2014
	No. of Shares
Shares bought back	14745394

Aggregate number of bonus shares issued as GDRs:

Particulars	31.03.2014
	%	No. of Shares
The Bank of New York	0.22	1383534

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	1253.500	1283.000	1283.000
(b) Reserves & Surplus	32307.200	29285.500	25725.800
(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)	33560.700	30568.500	27008.800
(3) Non-Current Liabilities
(a) long-term borrowings	5.400	7.500	20.600
(b) Deferred tax liabilities (Net)	735.900	498.300	432.300
(c) Other long term liabilities	280.300	273.300	249.400
(d) long-term provisions	419.100	380.900	311.100
Total Non-current Liabilities (3)	1440.700	1160.000	1013.400
(4) Current Liabilities
(a) Short term borrowings	299.900	129.300	2.000
(b) Trade payables	15630.700	15143.100	11710.300
(c) Other current liabilities	3629.500	4216.600	4778.600
(d) Short-term provisions	1303.000	1478.700	1191.800
Total Current Liabilities (4)	20863.100	20967.700	17682.700
TOTAL	55864.500	52696.200	45704.900
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6745.100	6043.200	5308.900
(ii) Intangible Assets	803.900	561.700	652.700
(iii) Capital work-in-progress	424.200	749.100	582.900
(iv) Intangible assets under development	253.100	398.600	210.300
(b) Non-current Investments	8057.100	5545.800	5515.900
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	426.700	181.000	228.700
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	16710.100	13479.400	12499.400
(2) Current assets
(a) Current investments	206.300	5004.600	5009.100
(b) Inventories	5577.800	5485.000	4496.000
(c) Trade receivables	19079.200	18406.200	17356.200
(d) Cash and cash equivalents	4428.000	2887.900	3211.000
(e) Short-term loans and advances	9192.200	6935.700	2644.400
(f) Other current assets	670.900	497.400	488.800
Total Current Assets	39154.400	39216.800	33205.500
TOTAL	55864.500	52696.200	45704.900

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	74895.700	71353.000	64853.800
	Other Income	1757.200	986.800	743.900
	TOTAL (A)	76652.900	72339.800	65597.700
Less	EXPENSES
	Cost of Materials Consumed	36175.200	35652.800	34676.200
	Purchases of Stock-in-Trade	19932.100	18118.000	12654.700
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(127.700)	(429.900)	(73.900)
	Employees benefits expense	4763.600	4107.400	3635.900
	Other expenses	7494.100	7958.600	6754.100
	TOTAL (B)	68237.300	65406.900	57647.000
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	8415.600	6932.900	7950.700
Less	FINANCIAL EXPENSES (D)	397.600	254.100	276.600
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	8018.000	6678.800	7674.100
Less/ Add	DEPRECIATION/ AMORTISATION (F)	893.500	718.600	907.100
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	7124.500	5960.200	6767.000
Less	TAX (H)	1913.600	1501.800	1718.400
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	5210.900	4458.400	5048.600
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	23703.800	20592.100	17401.600
Less	APPROPRIATIONS
	Transfer to General Reserve	525.000	450.000	680.000
	1^st Interim Dividend	251.900	256.600	513.200
	2^nd Interim Dividend	250.700	256.600	128.300
	3^rd Interim Dividend	0.000	0.000	256.600
	Proposed Dividend	250.700	256.600	0.000
	Corporate Dividend Tax	128.000	126.900	145.700
	BALANCE CARRIED TO THE B/S	27508.400	23703.800	20726.400
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	9021.600	8310.500	8719.600
	Service Income	87.600	57.700	131.000
	Other Earnings	296.500	212.700	138.700
	Others	501.900	190.700	0.000
	TOTAL EARNINGS	9907.600	8771.600	8989.300
	IMPORTS
	Raw Materials	6869.000	5981.400	5579.800
	Trading Goods	1437.800	1303.300	951.500
	Spares Parts	67.900	28.800	33.200
	Capital Goods	112.000	288.500	336.000
	TOTAL IMPORTS	8486.700	7602.000	6900.500
	Earnings / (Loss) Per Share (Rs.)	8.23	6.95	7.87

QUARTERLY RESULTS

Particulars	1st Quarter 30.06.2014	2^nd Quarter 30.09.2014
Revenue	1,9046.900	1,923480.000
Other Income	202.500	288.200
Total Income	1,9249.400	1,9523.000
Expenditure	(1,7336.500)	(1,7565.000)
Interest	42.000	38.400
PBDT	1954.900	1996.400
Depreciation	(238.900)	(239.600)
PBT	1716.000	1756.800
Tax	(450.400)	(497.200)
Net Profit	1265.600	1259.600
Equity	1253.500	1253.500
EPS	20.200	20.100
CEPS	24.000	23.900
OPM %	100.400	101.800
NPM %	66.400	65.500

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	6.96	6.25	7.78
Operating Profit Margin (PBIDT/Sales)	(%)	102.35	101.38	101.15
Return on Total Assets (PBT/Total Assets}	(%)	15.12	12.96	17.18
Return on Investment (ROI) (PBT/Networth)		0.21	0.19	0.25
Debt Equity Ratio (Total Debt/Networth)		0.01	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.88	1.87	1.88

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	1283.000	1283.000	1253.500
Reserves & Surplus	25725.800	29285.500	32307.200
Net worth	27008.800	30568.500	33560.700
long-term borrowings	20.600	7.500	5.400
Short term borrowings	2.000	129.300	299.900
Total borrowings	22.600	136.800	305.300
Debt/Equity ratio	0.001	0.004	0.009

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	64853.800	71353.000	74895.700
		10.021	4.965

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	64853.800	71353.000	74895.700
Profit	5048.600	4458.400	5210.900
	7.78%	6.25%	6.96%

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	Yes
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	No
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

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWINGS
Interest-free sales tax deferral loans from state government	5.400	7.500
Total	5.400	7.500

LITIGATION DETAILS

Case Details
Bench:- Bombay
Presentation Date:-				24.06.2014
Stamp No.:	FAST/17294/2014	Filing Date:-	01.07.2014	Reg. No.:	FA/44/2015	Reg. Date:	14.01.2015
Petitioner:	DEVIDAYAL STAINLESS STEEL INDUSTRIES		Respondent:-	M/S CROMPTON GREAVES LIMITED
Patn. Adv.	Halai and Co (I1036)		Resp. Adv.:	MADHAVI TAVANANDI
District:-	MUMBAI
Bench:-	SINGLE
Status:-	Pre-Admission
Next Date:-	07.04.2015			Stage:-	FOR ADMISSION – FRESH [CIVIL SIDE MATTERS]
Last Coram:-	ACCORDING TO SITTING LIST
Act :-	C.P.C. – (Non – Interlocutory Order)

AMALGAMATION

CG-ZIV Power Automation Solutions Ltd (CG-ZIV) and CG Energy Management Limited (CGEM) are wholly owned subsidiaries of the Company. For simplification of the shareholding structure and operational synergies, the Board of Directors at their Meeting held on 29 January 2014, approved the amalgamation of CG-ZIV and CGEM with the Company. The Amalgamation would be effective upon receipt of requisite approvals.

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULT FOR THE QUARTER AND SIX MONTHS ENDED 30^TH SEPTEMBER, 2014

Sr. No	Particulars		Standalone
			Quarter Ended	Quarter Ended	Six Months
			30.09.2014	30.06.2014	30.09.2014
			Unaudited	Unaudited	Unaudited
1	Income From Operations
	a. Net Sales/ Income from Operations (Net of Excise Duty)		19234.800	19046.900	38281.700
	b. Other Operating Income		-	--	-
	Total Income from Operations (Net)		19234.800	19046.900	38281.700
2	Expenditure
	a. Cost of material Consumed		9087.700	8391.400	17479.100
	b. Purchase of Stock-in trade		4972.100	5829.300	10801.400
	c. Changes in inventory of finished Goods, work- in-progress and Stock-in-trade		32.300	(187.900)	(155.600)
	d. Employees Benefit Expenses		1302.800	1319.700	2622.500
	e. Depreciation and Amortisation Expenses		239.600	238.900	478.500
	f. Other expenses		2170.100	1984.000	4154.100
	Total Expenses		17804.600	17575.400	35380.000
3	Profit from Operations before Other Income, Interest and Exceptional Items		1430.200	1471.500	2901.700
4	Other Income		288.200	202.500	490.700
5	Profit from ordinary activities before finance cost & exceptional items		1718.400	1674.000	3392.400
6	Finance Costs		(38.400)	(42.000)	(80.400)
7	Profit from ordinary activities after finance costs & exceptional items		1756.800	1716.000	3472.800
8	Exceptional items		-	--	-
9	Profit from ordinary activities before tax		1756.800	1716.000	3472.800
10	Tax Expense		497.200	450.400	947.600
	- Income Tax
	- Deferred Tax
11	Net Profit from ordinary activity after tax		1259.600	1265.600	2525.200
12	Extraordinary Items		-	--	-
13	Net Profit After Tax		1259.600	1265.600	2525.200
14	Paid-up equity share capital (face value of Rs.10 per share)		1253.500	1253.500	1253.500
15	Reserves excluding Revaluation Reserve as per balance sheet of previous accounting Year		-	--	-
16	Earning Per Share (of Rs.10 each) (not annualized)		-	-	-
	Basic EPS		2.01	2.02	4.03
	Diluted EPS		2.01	2.02	4.03
A		PARTICULARS OF SHAREHOLDING
17		Public Shareholding
		- No. of shares	359295072	359295072	359295072
		- Percentage of shareholding	57.33	57.33	57.33
18		Promoter & Promoter Group Shareholding
		a) Pledged/Encumbered
		- No. of shares	164257000	158413400	164257000
		- Percentage of shareholding (as a % of the total shareholding of promoter and promoter group)	61.42	59.23	61.42
		- Percentage of shareholding (as a % of the total share capital of the company)	26.21	25.27	26.21
		b) Non-encumbered
		- No. of shares	103194070	109037670	103194070
		- Percentage of shareholding (as a % of the total shareholding of promoter and promoter group)	38.58	40.77	38.58
		- Percentage of shareholding (as a % of the total share capital of the company)	16.46	17.40	16.46

	Particulars	3 months ended
B	INVESTOR COMPLAINTS	30.09.2014
	Pending at the beginning of the quarter Received during the quarter Disposed of during the quarter Remaining unresolved at the end of the quarter	Ni 2 2 Nil

UNAUDITED SEGMENT – WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER AND SIX MONTHS ENDED 30^TH SEPTEMBER, 2014

(Rs. In Millions)

Particulars	Quarter Ended ( Unaudited)	Quarter Ended ( Unaudited)	Six Months ( Unaudited)
	30.09.2014	30.06.2014	30.09.2014
a. Information about Primary Business Segments
1. Segment Revenue
Power System	7090.500	5915.900	13006.400
Consumer Product	7430.900	8610.700	16041.600
Industrial System	3864.700	3464.600	7329.300
Others	944.000	1181.600	2125.600
Total	19330.100	19172.800	38502.900
Less : Inter Segment Revenue	95.300	125.900	221.200
Net Sales	19234.800	19046.900	38281.700
2. Segment Result
Power System	594.300	472.000	1066.300
Consumer Product	905.300	1087.100	1992.400
Industrial System	414.700	303.800	718.500
Others	(47.900)	(42.700)	(90.600)
Total	1866.400	1820.200	3686.600
Less : Interest	(38.400)	(42.000)	(80.400)
Other un-allocable expenditure net of un-allocable income	148.000	146.200	294.200
Profit from ordinary activities before tax	1756.800	1716.000	3472.800
3. Capital Employed (Segment Assets-Segment Liabilities)
Power System	11460.100	9432.800	11460.100
Consumer Product	1009.700	884.900	1009.700
Industrial System	3669.200	3708.000	3669.200
Others	2290.500	2207.900	2290.500
Unallocable	18466.900	19637.500	18466.900
Total	36896.400	35871.100	36896.400

STANDALONE STATEMENT OF ASSETS AND LIABILITIES

Particulars		As at 30.09.2014
	Particulars
A	EQUITY AND LIABILITIES
1	Shareholder’s Funds
	a) Share Capital	1253.500
	b) Reserves & Surplus	24516.900
	c) Money received against share warrants	0.000
	Sub Total- Shareholders funds	35770.400
2	Share application money pending allotment	0.000
3	Minority Interest	0.000
4	Non-current liabilities
	(a) Long term borrowings	5.400
	(b) Other long term liabilities	808.000
	(c) Differed Tax	266.400
	(d) Long Term Borrowing	451.400
	Sub Total- Non Current Liabilities	1531.200
5	Current liabilities
	(a) Short term borrowings	309.100
	(b) Trade Payables	14069.400
	(c) Other current liabilities	3875.600
	(d) Short term provisions	1301.600
	Sub Total- Current Liabilities	19555.700
	TOTAL-EQUITY AND LIABILITIES	56857.300
B	ASSETS
1	Non-current assets
	(a) Fixed assets	8096.600
	(b) Long term loans and advances	8181.400
	(c)Non-Current Investment	493.100
	Sub-Total- Noncurrent assets	16771.100
2	Current assets
	a) Current Investments	7.700
	b) Inventories	5605.100
	c) Trade Receivables	20742.600
	d) Cash and cash equivalents	3242.800
	(e) Short term loans and advances	9820.700
	(f) Other current assets	667.300
	Sub-Total- current assets	40086.200
	TOTAL ASSETS	56857.300

NOTES ON STANDALONE FINANCIAL RESULTS:

1. The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 16, 2014. The statutory auditors have carried out a limited review of the financials of the Company as required under Clause 41 of the Listing Agreement and the related report is being forwarded to the Stock Exchanges.

2. The Board of Directors at its meeting held on October 16, 2014 has approved the Scheme of demerger of the Consumer Products Business Unit of the Company into CG’s wholly owned subsidiary Crompton Consumer Products Limited (CCPL) as recommended by the Committee of Directors constituted for the purpose. The proposed Scheme will come into effect from the Appointed Date, April 01, 2015, subject to receipt of all Regulatory approvals. Upon the implementation of the proposed scheme, CG will hold 25% + 1 share in CCPL and the balance will be held directly by the shareholders of Crompton Greaves Limited.

3. The Board of Directors has also approved entering into a definitive agreement for sale of a portion of its land at Kanjurmarg, Mumbai admeasuring approximately 8 acres for an aggregate sum of Rs. 302.26 crore.

4. The Company has declared an interim dividend of Rs. 0.40 per share on 626,746,142 Equity Shares of Rs. 2 each for the financial year 2014-15.

5. Figures of the previous quarters / year have been regrouped and reclassified, wherever necessary.

INDEX CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80015435	19/12/2013 *	33,000,000,000.00	UNION BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, UNION BANK BHAVAN, 1ST FLOOR , VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA	B93149649

* Date of charge modification

FIXED ASSETS:

· Freehold Land

· Leasehold Land

· Buildings

· Plant and Machinery

· Railway sidings

· Furniture and Fixtures

· Office Equipment’s

· Aircrafts

· Vehicles

· Goodwill

· Computer Software

· Technical Know – how

· Commercial rights

· Research and Development

PRESS RELEASE:

NEWS:-

CROMPTON GREAVES BAGS $26 MN CONTRACT FROM INDONESIA

Crompton Greaves, an Avantha group company, has bagged USD 26 million contract from Indonesia for supplying power equipment.

Crompton Greaves, an Avantha group company, has bagged USD 26 million contract from Indonesia for supplying power equipment.

"CG has sealed a deal with PT PLN (Perusahaan Listrik Negara) Indonesia, for the manufacture and supply of 37 units of power transformers," CG said in a statement. Valued at USD 26 million (about Rs 1560.000 Millions), the power transformers will be installed across PT PLN's transmission network, in 36 different substations in Sumatra, Java, Bali, Kalimantan and the Sulawesi islands of Indonesia, the statement said.

This project is being funded by IBRD - World Bank, in collaboration with the Government of Indonesia, for the purpose of strengthening Indonesia's power networks.

The scope of the project includes designing, manufacturing, factory testing, site installation and pre- commissioning of the transformers over a period of 18 months.

PT PLN is the sole government-owned corporation in electricity generation, transmission and distribution in Indonesia and is one of the largest state-owned enterprises.

It has an installation base of 48 GW (48,000 MW) and plans to ramp up the electrification of Indonesia from the current 67 percent to 100 percent in the next decade, the statement added. Crompton Greave stock price On February 05, 2015, Crompton Greaves closed at Rs 161.60, down Rs 6.35, or 3.78 percent. The 52-week high of the share was Rs 231.00 and the 52-week low was Rs 109.95.

The company's trailing 12-month (TTM) EPS was at Rs 12.34 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 13.1. The latest book value of the company is Rs 53.55 per share. At current value, the price-to-book value of the company is 3.02.

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. 61.74
UK Pound	1	Rs. 94.65
Euro	1	Rs. 70.79

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis Done by :	DIV
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
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	YES
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		63

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.