|
|
|
MIRA INFORM REPORT
|
Report No. : |
507497 |
|
Report Date : |
10.05.2018 |
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/ 3027001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
31.01.1996 |
|
|
|
|
Com. Reg. No.: |
18-006902 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 125.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29120TZ1996PTC006902 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3299002406 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
33AAACC9497N1Z1 |
|
|
|
|
TIN No.: |
33162201952 |
|
|
|
|
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 pumps for different segments of industry. The company is also engaged in the manufacturer of pipes and wires. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 11328100 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 1996. The company is a
manufacturer of pumps. As per the financial record of 2017, the company has achieved 16.02% growth
in its revenue as compared to the previous year’s revenue and has reported an
average net profit margin of 4.32%. The company possesses sound financial position marked by healthy net
worth base along with low debt balance sheet profile and favourable liquidity
position. Rating takes into consideration the company’s fair Earnings Per Share
(EPS) of INR 49.68 as against its Face Value (FV) of INR 10. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans = A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
19.01.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans = A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
|
Date |
19.01.2018 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 10.05.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED BY
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-422-3027000 |
|
Date : |
07.05.2018 |
[91-422-3027001 is ringing]
LOCATIONS
|
Registered/ Corporate Office : |
7/46-1, Keeranatham Road, Saravanampatty, Coimbatore – 641035,
Tamilnadu, India |
|
Tel. No.: |
91-422-3027000/ 3027001 |
|
Fax No.: |
91-422-3027005 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Velumani Chinnasamy |
|
Designation : |
Whole-Time Director |
|
Address : |
15 B-1, Shringar Nagar, Bharathy Colony, Coimbatore - 641004, Tamilnadu, India |
|
Date of Birth/Age : |
15.12.1950 |
|
Qualification : |
PUC |
|
Date of Appointment : |
18.05.2007 |
|
PAN No.: |
AAHPV1859R |
|
DIN No.: |
00037920 |
|
|
|
|
Name : |
Mr. 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 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
31.01.1996 |
|
PAN No.: |
ALTPS6298N |
|
DIN No.: |
00037995 |
|
|
|
|
Name : |
Mr. Rajendran Gopal |
|
Designation : |
Managing Director |
|
Address : |
46, A.T.T.Colony, Upplipalayam, Coimbatore - 641018, Tamilnadu, India |
|
Date of Birth/Age : |
21.04.1961 |
|
Qualification : |
DEEE |
|
Date of Appointment : |
31.01.1996 |
|
PAN No.: |
AAYPR3856P |
|
DIN No.: |
00038034 |
|
|
|
|
Name : |
Mr. Selvaraj Gopal |
|
Designation : |
Managing Director |
|
Address : |
3/3, Chandragandhi Nagar, 5th Cross Street, Sowripalayam, Coimbatore, 641028, Tamilnadu, India |
|
Date of Birth/Age : |
01.07.1966 |
|
Qualification : |
BA |
|
Date of Appointment : |
31.01.1996 |
|
PAN No.: |
AIJPS2693C |
|
DIN No.: |
00038063 |
|
|
|
|
Name : |
Lalithamani Rajendran |
|
Designation : |
Director |
|
Address : |
46, A.T.T.Colony, Upplipalayam, Coimbatore, 641018, Tamilnadu, India |
|
Date of Birth/Age : |
11.07.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
28.01.2008 |
|
PAN No.: |
ABVPL2425J |
|
DIN No.: |
00038108 |
|
|
|
|
Name : |
Mrs. Chitra Selvaraj |
|
Designation : |
Director |
|
Address : |
3/3, Chandragandhi Nagar, 5th Cross Street, Sowripalayam, Coimbatore, 641028, Tamilnadu, India |
|
Date of Birth/Age : |
28.07.1971 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
28.01.2008 |
|
PAN No.: |
AGUPS0633H |
|
DIN No.: |
00038134 |
|
|
|
|
Name : |
Mrs. Asha Geethanjali Soundararajan |
|
Designation : |
Director |
|
Address : |
Aiswarya, No.1, Shringar Nagar Extn, Bharathi Colony, Peelamedu, Coimbatore, 641004, Tamilnadu, India |
|
Date of Birth/Age : |
31.12.1964 |
|
Qualification : |
B.Sc |
|
Date of Appointment : |
28.01.2008 |
|
PAN No.: |
ACQPG3960R |
|
DIN No.: |
00765024 |
KEY EXECUTIVES
|
Name : |
Mrs. Amudha Lakshmi Aruchswamy |
|
Designation : |
Company Secretary |
|
Address : |
5/37-A, II Avenue, New Thillai Nagar, P.N.Pudur,
Coimbatore-641041, Tamilnadu, India |
|
Qualification : |
21.05.1980 |
|
Date of Appointment : |
M.Com, ACS |
|
PAN No.: |
18.06.2010 |
|
PAN No.: |
ALLPA7033P |
|
|
|
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
C Velumani |
486250 |
3.89 |
|
G. Soundararajan |
1712947 |
13.70 |
|
G. Rajendran |
1712947 |
13.70 |
|
G. Selvaraj |
1712946 |
13.70 |
|
C.R.I Amalgamations Private Limited, India |
6874910 |
55.00 |
|
|
|
|
|
Total |
12500000 |
100.00 |
AS ON: 26.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
45.00 |
|
Promoters – Body Corporate |
55.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of pumps for different segments of industry. The company is also engaged in the manufacturer of pipes and wires. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
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 : |
· State Bank of India Commercial Branch, 1443 Trichy Road, Coimbatore - 641018, Tamilnadu, India · Citi Bank N.A. No.2 Club House Road, Anna Salai, Chennai - 600002, Tamilnadu, India · HDFC Bank Limited · IDBI Bank Limited |
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Auditors : |
|
|
Name : |
K.S.G. Subramanyam and Company Chartered Accountants |
|
Address : |
II Floor United Shopping Complex, 94/36 Dr. Nanjappa Road, Coimbatore – 641018, Tamilnadu, India |
|
PAN No.: |
ABGPV6041D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
C R I Amalgamations Private Limited [U70101TZ2005PTC011989] |
|
|
|
|
Subsidiary Companies : |
· Bombas C.R.I. Espana S.L. · C.R.I.PUMPS (FZE) · C.R.I. PUMPS S.A (PTY) Limited. · C.R.I.PUMPS BombasHidraulicas Ltd. · C.R.I.PompaSanayiTicaet Ltd. · Bombas C.R.I.Espana.,S.L. · C.R.I.Pumps S.A.(PTY) Ltd. · C.R.I.Pumps (Shanghai) Co Ltd. · FabbricaItalianaPompeSommergibili SRL · Suzhou CRI Pumps Co.,Ltd · C.R.I.Fluid Systems USA.LLC |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
· C R I Infrastructures (India) Private Limited [U45201TZ2006PTC013261] · G4 Investments (India) Private Limited [U67120TZ2006PTC013176] · Apex Bright Bars Cbe Private Limited [U27104TZ1993PTC004416] · Pressmatic Engineers India Private Limited [U31900TZ2008PTC014347] · Gennex Engineerings (India) Private Limited, India [U29300TZ2014PTC020997] · Beekay Industries · Beekay Wood works · Beekay Fabricators · EssVee Packs · J.J.Coatings · Nirmal Pumps Private Limited · Siliconix · PressmaticEnggineers India Private Limited · Precicraft Components India Private Limited · Naargo Industries Private Limited · Venkatalakshimi Alloy Castings Private Limited · Veesaa Foundry · G-4 Investments (India) Private Limited · Raajco Spinners Private Limited. · Cobble Stone River Farm Private Limited · Acnal Industries Private Limited · Gennex Engineering (India) Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15250000 |
Equity Shares |
INR 10/- each |
INR 152.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
INR 10/- each |
INR 125.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
125.000 |
125.000 |
125.000 |
|
(b) Reserves and Surplus |
3839.859 |
3444.508 |
3206.532 |
|
(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) |
3964.859 |
3569.508 |
3331.532 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1241.680 |
1028.788 |
733.395 |
|
(b) Deferred tax liabilities (Net) |
493.152 |
461.891 |
454.591 |
|
(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) |
1734.832 |
1490.679 |
1187.986 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
3476.854 |
2261.047 |
1941.056 |
|
(b) Trade
payables |
1734.261 |
1766.516 |
1086.440 |
|
(c) Other
current liabilities |
735.284 |
687.593 |
772.890 |
|
(d) Short-term
provisions |
292.835 |
99.983 |
389.606 |
|
Total Current Liabilities
(4) |
6239.234 |
4815.139 |
4189.992 |
|
|
|
|
|
|
TOTAL |
11938.925 |
9875.326 |
8709.510 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3971.128 |
3518.669 |
2910.090 |
|
(ii)
Intangible Assets |
17.109 |
0.829 |
0.829 |
|
(iii) Tangible assets
capital work-in-progress |
65.071 |
77.520 |
126.040 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
388.341 |
326.861 |
297.568 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
48.186 |
43.145 |
47.085 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
4489.835 |
3967.024 |
3381.612 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3756.478 |
3261.297 |
2756.008 |
|
(c) Trade
receivables |
2028.357 |
1363.890 |
1525.031 |
|
(d) Cash and
bank balances |
211.925 |
206.713 |
150.707 |
|
(e) Short-term
loans and advances |
1448.428 |
1072.804 |
892.832 |
|
(f) Other
current assets |
3.902 |
3.598 |
3.320 |
|
Total
Current Assets |
7449.090 |
5908.302 |
5327.898 |
|
|
|
|
|
|
TOTAL |
11938.925 |
9875.326 |
8709.510 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
14361.371 |
12378.658 |
11435.708 |
|
|
Other Income |
143.287 |
99.375 |
96.305 |
|
|
TOTAL |
14504.658 |
12478.033 |
11532.013 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
8146.093 |
7314.012 |
6788.267 |
|
|
Purchases of
Stock-in-Trade |
1175.738 |
1115.847 |
1098.197 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(8.349) |
(277.347) |
(230.194) |
|
|
Employee benefit expense |
878.126 |
748.010 |
689.921 |
|
|
CSR expenditure |
8.886 |
9.005 |
4.996 |
|
|
Other expenses |
2637.405 |
2298.803 |
1942.137 |
|
|
TOTAL |
12837.899 |
11208.330 |
10293.324 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1666.759 |
1269.703 |
1238.689 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
408.049 |
329.908 |
289.140 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1258.710 |
939.795 |
949.549 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
426.428 |
373.852 |
319.327 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
832.282 |
565.943 |
630.222 |
|
|
|
|
|
|
|
Less |
TAX |
211.260 |
102.300 |
160.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
621.022 |
463.643 |
470.222 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
49.68 |
37.09 |
37.62 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
347.698 |
361.563 |
329.494 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1052.404 |
1332.023 |
895.596 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
1270.528 |
1455.692 |
988.905 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
51.55 |
40.22 |
48.68 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.08 |
9.08 |
7.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
67.91 |
76.49 |
50.28 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.44 |
0.39 |
0.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.35 |
0.41 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.63 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.28 |
1.02 |
0.90 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.57 |
1.35 |
1.26 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.02 |
1.01 |
0.91 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.08 |
3.85 |
4.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.32 |
3.75 |
4.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.20 |
4.69 |
5.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.66 |
12.99 |
14.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.19 |
1.23 |
1.27 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.59 |
0.55 |
0.61 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.36 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
40.53 |
29.21 |
24.03 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.19 |
1.23 |
1.27 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
125.000 |
125.000 |
125.000 |
|
Reserves & Surplus |
3206.532 |
3444.508 |
3839.859 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3331.532 |
3569.508 |
3964.859 |
|
|
|
|
|
|
Long-term borrowings |
733.395 |
1028.788 |
1241.680 |
|
Short term borrowings |
1941.056 |
2261.047 |
3476.854 |
|
Current maturities of
long-term debts |
329.494 |
361.563 |
347.698 |
|
Total
borrowings |
3003.945 |
3651.398 |
5066.232 |
|
Debt/Equity
ratio |
0.902 |
1.023 |
1.278 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
11435.708 |
12378.658 |
14361.371 |
|
|
|
8.246 |
16.017 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
11435.708 |
12378.658 |
14361.371 |
|
Profit/ (Loss) |
470.222 |
463.643 |
621.022 |
|
|
4.11
% |
3.75
% |
4.32
% |
LEGAL CASES
HIGH COURT
|
PRINCIPAL COMMISSIONER OF . ..VS.. CRI PUMPS PVT LTD .
PRINCIPAL COMMISSIONER OF To Dispense With DO DO |
|
high court-Assam |
|
Case no:TCA.405/2017 () TO TCA.408/2017 () AND CMP.10237/2017 AND CMP.20238/2017 |
|
Case status:Pending |
|
Judge:HON BLE MR JUSTICE M. SUNDAR |
|
Date:2017-12-06 |
HIGH COURT
|
PRINCIPAL COMMISSIONER OF . ..VS.. CRI PUMPS PVT LTD . PRINCIPAL
COMMISSIONER OF To Dispense With DO DO |
|
high court-Assam |
|
Case no:TCA.405/2017 () TO TCA.408/2017 AND CMP.10237/2017 AND CMP.20238/2017 |
|
Case status:Pending |
|
Judge:HON BLE THE CHIEF JUSTICE AND THE HON BLE MR.JUSTICE M.SUNDAR |
|
Date:2017-12-23 |
HIGH COURT
|
PRINCIPAL COMMISSIONER OF . ..VS.. CRI PUMPS PVT LTD .
PRINCIPAL COMMISSIONER OF R.HEMALATHA To Dispense With DO DO |
|
high court-Jharkhand |
|
Case no:TCA.405/2017 () TO TCA.408/2017 () AND CMP.10237/2017 AND CMP.20238/2017 |
|
Case status:Pending |
|
Judge:HON'BLE THE CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE M.SUNDAR |
|
Date:2017-11-23 |
HIGH COURT
|
PRINCIPAL COMMISSIONER OF MS.T.R.SENTHIL KUMAR . K.G.USHA RANI
CRI PUMPS PVT LTD ...... . COIMBATORE TO PRINCIPAL COMMISSIONER OF
MS.T.R.SENTHIL KUMAR R.HEMALATHA K.G.USHA RANI AND To Dispense With DO AND DO
|
|
high court-West Bengal |
|
Case no:TCA.405/2017 TCA.408/2017 CMP.10237/2017 CMP.20238/2017 |
|
Case status:Pending |
|
Judge:HON'BLE THE CHIEF JUSTICE AND THE HON'BLE MR JUSTICE M. SUNDAR |
|
Date:2017-11-14 |
HIGH COURT
|
PRINCIPAL COMMISSIONER OF ..VS.. CRI PUMPS PVT LTD .
PRINCIPAL COMMISSIONER OF K.G.USHA RANI DO DO |
|
high court-Orissa |
|
Case no:TCA.405/2017 TCA.408/2017 CMP.10237/2017 CMP.20238/2017 |
|
Case status:Pending |
|
Judge:HON'BLE THE CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE M.SUNDAR |
|
Date:2017-12-12 |
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 |
Yes |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
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 three 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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G76355320 |
100153181 |
HDFC BANK LIMITED |
03/11/2017 |
- |
- |
250000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G63397616 |
100134976 |
STATE BANK OF INDIA |
05/10/2017 |
- |
- |
4207000000.0 |
MID-CORPORATE GROUPCOMMERCIAL BRANCH, 1443, TRICHY ROADCOIMBATORETN641018IN |
|
3 |
G36524619 |
100078984 |
KOTAK MAHINDRA BANK LIMITED |
09/02/2017 |
- |
- |
150000000.0 |
219, Arunachalam Road,R.S.PuramCoimbatoreTN641002IN |
|
4 |
G20043436 |
100058255 |
ICICI BANK LIMITED |
28/10/2016 |
- |
- |
650000000.0 |
FIRST FLOOR, CHERAN PLAZA,NO.1090, TRICHY ROAD,COIMBATORETN641018IN |
|
5 |
G47872528 |
100053453 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
27/09/2016 |
20/06/2017 |
- |
480000000.0 |
1st Floor, CRESCENZO Building, C-38/39,"G" Block, Bandra Kurla Complex,Bandra (East)MumbaiMa400051IN |
|
6 |
G78675618 |
100079000 |
CITI BANK N.A. |
21/07/2016 |
27/11/2017 |
- |
150000000.0 |
Plot No. 657,Tristar Towers,Avinashi RoadCoimbatoreTN641037IN |
|
7 |
G78675840 |
10619870 |
CITI BANK N.A. |
30/10/2015 |
27/11/2017 |
- |
225000000.0 |
Plot No. 657,Tristar Towers,Avinashi RoadCoimbatoreTN641037IN |
|
8 |
G13307319 |
10570066 |
The Hongkong and Shanghai Banking Corporation Limited |
27/04/2015 |
16/09/2016 |
- |
300000000.0 |
No 30, Rajaji SalaiOpp to Beach stationChennaiTN600001IN |
|
9 |
C69157733 |
10598978 |
HDFC BANK LIMITED |
03/03/2015 |
19/05/2015 |
- |
130000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
C13716980 |
10490027 |
STANDARD CHARTERED BANK |
19/03/2014 |
25/07/2014 |
- |
400000000.0 |
NO.19 RAJAJI SALAICHENNAITN600001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loans from others |
16.400 |
0.000 |
|
Other loans and advances |
129.924 |
128.608 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances |
180.000 |
0.000 |
|
Working capital loans from banks |
922.997 |
200.000 |
|
|
|
|
|
Total |
1249.321 |
328.608 |
PERFORMANCE OF THE COMPANY
During the year there was an increase of sales and profit.
The revenue of the company for the current year witnessed a growth of 16.24% i.e., from INR 12478.033 Million during the previous year to INR 14504.659 Million.
The Company conducted aggressive marketing activities like Mechanic meets, Advertisement through Digital media, Hoardings, Auto panels, Wall paintings. This will facilitate sales growth and counter competition.
The Company continues to focus on achieving growth in the top line by improving its market share during the ensuing year and to improve the profitability of the Company through operational efficiencies.
STATE OF AFFAIRS AND FURTHER PERFORMANCE:
The Company is a Private Limited Company registered under the Companies Act, 1956. The Company is engaged in the manufacture of pumps for different segments of industry. The company is also engaged in the manufacture of pipes and wires.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Guarantees |
789.726 |
682.844 |
|
Other money for which company is contingently liable |
279.232 |
244.022 |
|
|
|
|
|
Total |
1068.958 |
926.866 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer 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
|
INR |
|
US Dollar |
1 |
INR 67.38 |
|
UK Pound |
1 |
INR 91.09 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.