MIRA INFORM REPORT
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Report No. : |
314628 |
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Report Date : |
28.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
CROMPTON GREAVES LIMITED |
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Registered
Office : |
6th
Floor, C.G. House, Dr. Annie Besant Road, Worli, Mumbai – 400030, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
28.04.1937 |
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Com. Reg. No.: |
11-002641 |
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Capital
Investment / Paid-up Capital : |
Rs. 1253.500 Millions |
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CIN No.: [Company Identification
No.] |
L99999MH1937PLC002641 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMCO5628A |
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PAN No.: [Permanent Account No.] |
AAACC3840K |
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Legal Form : |
A Public Limited Liability company. The company’s Shares are Listed on
the Stock Exchanges. |
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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. |
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|
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (67) |
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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 |
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Maximum Credit Limit : |
USD 96000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having good track record. The rating reflects company sound financial risk profile marked by
healthy net worth position and decent profitability of the company. Fundamentals
of the company are strong and healthy. 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 Issuer rating: “AA” |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
26th March, 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
31-03-2014.
INFORMATION DECLINED
Management Non-cooperative. (Tel. No.: 91-22-24237777)
LOCATIONS
|
Registered Office : |
6th
Floor, C.G. House, Dr. Annie Besant Road, Worli, Mumbai – 400030,
Maharashtra, India |
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Tel. No.: |
91-22-24237777 |
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Fax No.: |
91-22-24237733 |
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E-Mail : |
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Website : |
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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, 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, 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, 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, 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 |
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Regional Office : |
3rd Floor, Express Building, 9-10 Bahadur Shah Zafar Marg, Near to
Crossing, New Delhi-110001, India |
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Regional Sales Office : |
Northern Region Located at: v
Jaipur v
Jalandhar v
v
Eastern Region Located at: v
Kolkata v
v
Western Region Located at: v
Mumbai v
Ahmedabad v
v
Indore v
Pune v
v
Southern Region Located At: v
Chennai v
v
Secunderabad v
v
Satellite Office Located at: v
v
v
Ernakulam v
Chennai v
v
v
Mandapam |
DIRECTORS
As on: 31.03.2014
|
Name : |
Mr. Gautam Thapar
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Designation : |
Chairman |
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Name : |
Mr. S.M. Trehan |
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Designation : |
Vice Chairman
(Managing Director upto 1st June, 2011) |
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|
Name : |
Mr. L. Demortier |
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Designation : |
Managing Director
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Name : |
Mr. S. Apte |
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Designation : |
Non-Executive Director |
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Name : |
Mr. Omkar Goswami
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Designation : |
Non-Executive
Director |
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Name : |
Mr .B Hariharan |
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Designation : |
Non-Executive
Director |
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Name : |
Mr. S. Labroo |
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Designation : |
Non-Executive
Director |
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Name : |
Mr. S. Prabhu |
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Designation : |
Non-Executive
Director |
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Name : |
Mr. M. Pudumjee |
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Designation : |
Non-Executive
Director |
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Name : |
Mr. C Lewiner |
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Designation : |
Non-Executive
Director |
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Name : |
Mr. V. Von Massow |
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Designation : |
Non-Executive
Director |
KEY EXECUTIVES
|
Name : |
Mr. M. Acharya |
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Designation : |
Chief Financial Officer |
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Name : |
Mr. M. Bhosale |
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Designation : |
Company Secretary |
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Name : |
Mr. Ravi Rajagopal |
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Designation : |
Executive Vice President and Global Head |
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Name : |
Mr. Sanjay Jorapur |
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Designation : |
Executive Vice President and Global Head |
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Name : |
Mr. Jayant Kulkarni |
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Designation : |
Executive Vice President and Global Head |
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Name : |
Mr. Norberto Santiago Elustondo |
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Designation : |
Executive Vice President and Global Head |
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Name : |
Mr. Ash Gupta |
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Designation : |
Executive Vice President and Global Head |
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Name : |
Mr. Dileep Patil |
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Designation : |
Executive Vice President and Chief Technology Officer |
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Name : |
Mr. Madhav Acharya |
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Designation : |
Executive Vice President, Financial Officer and Chief Information Officer |
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Name : |
Mr. Anil Raina |
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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 |
|
|
|
|
|
|
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|
215451070 |
34.43 |
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|
215451070 |
34.43 |
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|
Total shareholding of Promoter
and Promoter Group (A) |
215451070 |
34.43 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
153702217 |
24.56 |
|
|
1638880 |
0.26 |
|
|
38380220 |
6.13 |
|
|
93247944 |
14.90 |
|
|
524 |
0.00 |
|
|
286969785 |
45.86 |
|
|
|
|
|
|
60233463 |
9.63 |
|
|
|
|
|
|
51165133 |
8.18 |
|
|
6037204 |
0.96 |
|
|
5910643 |
0.94 |
|
|
2268002 |
0.36 |
|
|
447831 |
0.07 |
|
|
3192002 |
0.51 |
|
|
2808 |
0.00 |
|
|
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 |
|
|
0 |
0.00 |
|
|
978844 |
0.00 |
|
|
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. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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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 |
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Facilities : |
(Rs.
In Millions)
|
|
Financial Institution: |
Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,, Mumbai, Maharashtra - 400025, India |
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Auditors : |
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Name : |
Sharp and Tannan Chartered Accountants |
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Solicitors : |
Crawford Bayley
and Company |
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Subsidiaries : |
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Associates: |
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Other related parties in which directors are interested: |
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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 |
|
|
1st
Interim Dividend |
251.900 |
256.600 |
513.200 |
|
|
2nd
Interim Dividend |
250.700 |
256.600 |
128.300 |
|
|
3rd
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 /
SUMMARISED RESULTS
|
PARTICULARS |
Unaudited 30.06.2014 |
Unaudited 30.09.2014 |
Unaudited 31.12.2014 |
|
Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
Revenue |
19,046.900 |
19,234.800 |
18,582.100 |
|
Other Income |
202.500 |
288.200 |
223.500 |
|
Total Income |
19,249.400 |
19,523.000 |
18,805.600 |
|
Expenditure |
(17,336.500) |
(17,565.000) |
(14,282.500) |
|
Interest |
42.000 |
38.400 |
91.600 |
|
PBDT |
1,954.900 |
1,996.400 |
4,614.700 |
|
Depreciation |
(238.900) |
(239.600) |
(242.200) |
|
PBT |
1,716.000 |
1,756.800 |
4,372.500 |
|
Tax |
(450.400) |
(497.200) |
(422.300) |
|
Net Profit |
1,265.600 |
1,259.600 |
3,950.200 |
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.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED AND NINE MONTHS
ON 31.12.2014
[RS.
IN MILLIONS]
|
PARTICULARS |
3 Months Ended |
9 Months Ended |
|
|
31.12.2014 [Unaudited] |
30.09.2014 [Unaudited] |
31.12.2014 [Unaudited] |
|
|
1.
Income from operations |
|
|
|
|
a) Net sales/ Income from operation (net of excise duty) |
18582.100 |
19234.800 |
56863.800 |
|
b) Other operating income |
0.000 |
0.000 |
0.000 |
|
Total
Income from Operations (net) |
18582.100 |
19234.800 |
56863.800 |
|
|
|
|
|
|
2.Expenditure |
|
|
|
|
Cost of material consumed |
9009.900 |
9087.700 |
26489.000 |
|
Purchases of Stock-in-Trade |
4838.800 |
4972.100 |
15640.200 |
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(110.600) |
(2.300) |
(266.200) |
|
Employees benefits expense |
1252.000 |
1302.800 |
3874.500 |
|
Depreciation |
242.200 |
239.600 |
720.700 |
|
Other expenses |
1967.800 |
2170.100 |
6121.900 |
|
Total expenses |
17200.100 |
17804.600 |
52580.100 |
|
|
|
|
|
|
3. Profit from operations before other income, and
financial costs and Exceptional Items |
|
|
|
|
Profit/ (Loss) before Interest, Depreciation, Tax and Amortisation
|
1382.000 |
1430.200 |
4283.700 |
|
4. Other income |
223.500 |
288.200 |
714.200 |
|
5.Ecxhange Gain |
0.000 |
0.000 |
0.000 |
|
6. Profit from ordinary activities before finance costs |
1605.500 |
1718.400 |
4997.900 |
|
7. Finance costs |
(91.600) |
(38.400) |
(172.000) |
|
8. Net profit/(loss) from
ordinary activities after finance costs but before exceptional items |
1697.100 |
1756.800 |
5169.900 |
|
9. Exceptional item |
(2675.400) |
0.000 |
(2675.400) |
|
10. Profit from ordinary activities
before tax Expense: |
4372.500 |
1756.800 |
7845.300 |
|
11.Tax expenses |
422.300 |
497.200 |
1369.900 |
|
12.Net Profit / (Loss) from
ordinary activities after tax (9-10) |
3950.200 |
1259.600 |
6475.400 |
|
13.Extraordinary
Items (net of tax expense) |
0.000 |
0.000 |
0.000 |
|
14.Net
Profit / (Loss) for the period (11 -12) |
3950.200 |
1259.600 |
6475.400 |
|
15.Paid-up equity share capital (Nominal value Rs.10
per share) |
1253.500 |
1253.500 |
1253.500 |
|
16. Reserve excluding Revaluation Reserves as per
balance sheet of previous accounting year |
|
|
|
|
17.i)
Earnings per share (before extraordinary items) of Rs.10/- each) (not
annualised): |
|
|
|
|
(a) Basic and diluted |
6.30 |
2.01 |
10.33 |
|
|
|
|
|
|
A.
PARTICULARS OF SHAREHOLDING |
|
|
|
|
1.
Public Shareholding |
|
|
|
|
- Number of shares |
411295072 |
359295072 |
411295072 |
|
- Percentage of shareholding |
65.62 |
57.33 |
65.62 |
|
2.
Promoters and Promoters group Shareholding |
|
|
|
|
a) Pledged /Encumbered |
|
|
|
|
Number of shares |
142508975 |
164257000 |
142508975 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
66.14 |
61.42 |
66.14 |
|
Percentage of shares (as a % of total share capital of the
company) |
22.74 |
26.21 |
22.74 |
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
Number of shares |
72942095 |
103194070 |
72942095 |
|
Percentage of shares (as a % of total shareholding of the promoter
and promoter group) |
33.86 |
38.58 |
33.86 |
|
Percentage of shares (as a % of total share capital of the
company) |
11.64 |
16.46 |
11.64 |
|
|
PARTICULARS |
3
Months Ended 31.12.2014 |
|
B |
Investor
complaints (Nos.) |
|
|
|
Pending at the beginning of the quarter |
Nil |
|
|
Received during the Quarter |
4 |
|
|
Disposed of during the quarter |
4 |
|
|
Remaining unresolved at the end of the quarter |
Nil |
UNAUDITED SEGMENT – WISE REVENUE, RESULTS AND
CAPITAL EMPLOYED FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2014
(Rs. In Millions)
|
Particulars |
3
Months Ended |
9
Months Ended |
|
|
|
31.12.2014 [Unaudited] |
30.09.2014 [Unaudited] |
31.12.2014 [Unaudited] |
|
a. Information
about Primary Business Segments |
|
|
|
|
1.
Segment Revenue |
|
|
|
|
Power System |
6537.300 |
7090.500 |
19543.700 |
|
Consumer Product |
7232.300 |
7430.900 |
23273.900 |
|
Industrial System |
3839.700 |
3864.700 |
11169.000 |
|
Others |
1051.300 |
944.000 |
3176.900 |
|
Total |
18660.600 |
19330.100 |
57163.500 |
|
Less : Inter Segment Revenue |
78.500 |
95.300 |
299.700 |
|
Net
Sales |
18582.100 |
19234.800 |
56863.800 |
|
|
|
|
|
|
2.
Segment Result |
|
|
|
|
Power System |
520.100 |
594.300 |
1586.400 |
|
Consumer Product |
866.200 |
905.300 |
2858.600 |
|
Industrial System |
408.500 |
414.700 |
1127.000 |
|
Others |
(47.700) |
(47.900) |
(138.300) |
|
Total |
1747.100 |
1866.400 |
5433.700 |
|
Less : Interest |
(91.600) |
(38.400) |
(172.000) |
|
Other un-allocable expenditure net of
un-allocable income |
141.600 |
148.000 |
435.800 |
|
Profit
from ordinary activities before tax |
1697.100 |
1756.800 |
5169.900 |
|
|
|
|
|
|
3. Capital Employed (Segment Assets-Segment
Liabilities) |
|
|
|
|
Power System |
11523.800 |
11460.100 |
11523.800 |
|
Consumer Product |
1340.700 |
1009.700 |
1340.700 |
|
Industrial System |
3808.300 |
3669.200 |
3808.300 |
|
Others |
2454.300 |
2290.500 |
2454.300 |
|
Unallocable |
21309.500 |
18466.900 |
21309.500 |
|
Total |
40436.600 |
36896.400 |
40436.600 |
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 February 03, 2015. 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. Exceptional items represent profit on sale of
portion of land at Kanjurmarg, Mumbai, amounting to Rs. 2781.500 Million and
compensation to employees pursuant to Voluntary Retirement Scheme amounting to
Rs. 106.100 Million.
3. The Board of Directors of the Company at its
meeting held on October 16, 2014 had approved the Scheme of Arrangement between
Crompton Greaves Limited (CGL) (Demerged Company) and Crompton Greaves Consumer
Products Limited (CGCPL) (Resulting Company), a wholly-owned subsidiary,
incorporated under the provisions of the Companies Act, 2013 and their
respective shareholders and creditors. This Scheme, inter alia, envisages the
transfer of the Consumer Products Business and the related assets and
liabilities into the Resulting Company and other matters under the provisions
of Sections 391 to 394 read with Section 78 (corresponding Section 52 of the
Companies Act, 2013), Sections 100-103 and other applicable provisions of the
Companies Act, 1956.
The proposed Scheme will come into effect from
the Appointed Date, i.e. 1st April, 2015, subject to receipt of all regulatory
approvals. Upon the implementation of the proposed Scheme, CGL will hold
approximately 25% in CGCPL and the balance will be held directly by the
shareholders of CGL.
4. Pursuant to enactment of the Companies Act,
2013 and its applicability for accounting periods commencing from April 01,
2014, the Company has revised its policy of providing depreciation on fixed
assets as per Schedule II to the said Act. Depreciation is now provided over
the remaining useful life of fixed assets for all assets as against policy of
providing on written down value basis for some assets and straight line basis
for others. Consequently, the depreciation for the quarter and nine months ended
December 31, 2014 is higher by Rs. 12.200 Million and Rs. 36.600 Million,
respectively and the profit before tax is lower by the like amounts. Further,
an amount of Rs. 14.700 Million (net of tax) representing the carrying amount
of the assets with revised useful life as nil, has been charged to opening
reserves as on April 01, 2014.
5. The Company has declared second interim
dividend of Rs. 0.40 per share on 626,746,142 Equity Shares of Rs. 2 each for
the financial year 2014-15.
6. Figures of the previous quarters / year have
been regrouped and reclassified, wherever necessary.
Notice is hereby given pursuant to Section 91 of
the Companies Act, 2013 that the record date for the interim dividend will be February
09, 2015 and the date for payment will be February 18, 2015.
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10552000 |
18/02/2015 |
7,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLOOR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI - 400025, MAHARASHTRA, INDIA |
C45059961 |
|
2 |
80015435 |
19/01/2015 * |
33,000,000,000.00 |
UNION BANK OF INDIA LIMITED |
INDUSTRIAL FINANCE BRANCH, UNION BANK BHAVAN, 1ST FLOOR, VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
C42729632 |
* 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 TO DEMERGE CONSUMER PRODUCTS BUSINESS
Feb 19, 2015: Power equipment maker Crompton Greaves Limited board has approved the proposed demerger of its consumer products business, the company said on Thursday. "(The board) decided to implement a 100 percent demerger of the consumer products business, such that the shareholding pattern of the resulting consumer company shall mirror the shareholding pattern of Crompton Greaves," the company said in a statement. The company, majority owned by Avantha Holdings Limited, had in July last year proposed a demerger of the consumer products business unit, a move that found favor among investors. Avantha Holdings sold a USD 139 million stake in Crompton Greaves in November and owned a 34.37 percent stake at the end of December, according to Thomson Reuter’s data. Crompton Greaves shares closed up 2.72 percent on Thursday, compared with the benchmark Sensex that rose 0.48 percent.
Crompton Greave stock
price
On March 27, 2015: Crompton Greaves closed at Rs 1638.500 Million, down Rs 1.65, or 1 percent. The 52-week high of the share was Rs 2310.000 and the 52-week low was Rs 149.65 Million. 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 13.28. 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 3.06.
CROMPTON GREAVES WINS USD 20 MN ORDER FROM PT PLN INDONESIA
February 23, 2015: Crompton Greaves Limited has informed BSE regarding a Press
Release dated February 23, 2015, titled "CG wins USD 20 million order from
PT PLN Indonesia".Source: BSE
THE VANGUARD GROUP BUYS 40.59 LK SHARES OF CROMPTON GREAVES
Mar 21, 2015: On March 20, 2015 the Vanguard Group Inc A/C Vanguard Emerge. Market Stock Index bought 4059068 shares of Crompton Greaves at Rs 1649.900 Million on the NSE. On Friday, Crompton Greaves ended at Rs 1643.500 Million down Rs 6.70, or 3.92 percent. The share touched its 52-week high Rs 231 and 52-week low Rs 1569.000 Million on 10 September, 2014 and 20 March, 2014, respectively. The company's trailing 12-month (TTM) EPS was at Rs 12.34 per share. (Dec, 2014). The stock's price-to-earnings (P/E) ratio was 13.32. The latest book value of the company is Rs 53.55 per share. At current value, the price-to-book value of the company was 3.07. The dividend yield of the company was 0.73 percent.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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. 62.60 |
|
|
1 |
Rs. 92.95 |
|
Euro |
1 |
Rs. 68.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--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 |
|
67 |
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.