PCS Corporation
NSIC-CRISIL Rating: SE 3B

'Moderate Performance Capability
and Moderate Financial Strength'
Report Date

...
Important Notice
This rating has been assigned under the scheme for Rating of Small-Scale Industries, formulated,
and subs...
Index
NSIC-CRISIL PERFORMANCE AND CREDIT RATING .....................................................................3
KEY...
NSIC-CRISIL PERFORMANCE AND CREDIT RATING

adjudged in relation to
other SSIs

Financial Strength
High Moderate Low
Highes...
KEY RATING DRIVERS
STRENGTHS
•
•

Proprietor having 10 years of experience in the same line of business, thereby demonstra...
FACT SHEET
Name of the firm
Year of establishment
Legal status
Legal history

PCS Corporation
2003
Proprietorship
There is...
BUSINESS PROFILE
BUSINESS DESCRIPTION
Nature of business
Industry
Industry prospects
Business description

:
:
:
:

Manufa...
Experience in the business
Product range
Degree of competition
Plans

:
:
:
:

Customer profile

:

designs.
• The job wor...
SUPPLIER PROFILE AND SUPPLY-SIDE ANALYSIS
Supplier's / Wholesaler's name

Product

Plastic granules

Gajanan Polymers
Worl...
OWNERSHIP AND MANAGEMENT
PROPRIETORS’ PROFILE
Proprietor’s name
Age
Qualification
Designation / responsibilities
Relevant ...
ORGANISATION STRUCTURE, CONTROLS, AND SYSTEMS
Proprietor
Constitution
Second tier management
Decision making powers
Report...
FINANCIAL PROFILE
CURRENT FINANCIAL PERFORMANCE
Performance for the period ended from April 1, 2012 to November 30 , 2012
...
PAST FINANCIAL PERFORMANCE
PROFIT AND LOSS ACCOUNT
For the year ended

2011-12
CA
Certified
12
20.37
20.37
9.13
11.24
4.58...
BALANCE SHEET
31-Mar2012
CA Certified

31-Mar2011
Unaudited

31-Mar2010
Unaudited

Liabilities
Capital
Rs. Lakh
34.33
14.6...
KEY FINANCIAL RATIOS
For the year ended / as at

31-Mar-2012 31-Mar-2011 31-Mar-2010
CA Certified
Unaudited
Unaudited
55.1...
FUND FLOW STATEMENT
For the year ended
Sources of funds
Net cash accruals
Equity infusion / Share application money
Long-t...
GRAPHS

16
BANKING FACILITIES
Name and location
Length of
of the bank
relationship
Indian Overseas
2 years
Bank,
Dhanukar colony
bran...
SITE VISIT
Address of the site visited

:

Date of site visit
No. of floors occupied
Size of premises
Number of employees ...
CRISIL SME Ratings Contacts
Head Office
CRISIL House
Central Avenue
Hiranandani Business Park
Powai, Mumbai 400 076
Tel: +...
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Crisil rating report

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Crisil rating report

  1. 1. PCS Corporation NSIC-CRISIL Rating: SE 3B 'Moderate Performance Capability and Moderate Financial Strength' Report Date Valid Till December 19, 2012 December 18, 2013 indicates the level of creditworthiness, adjudged in relation to other SSIs 1
  2. 2. Important Notice This rating has been assigned under the scheme for Rating of Small-Scale Industries, formulated, and subsidised by the National Small Industries Corporation Limited, New Delhi (NSIC). A copy of the rating report has been submitted to NSIC. The rating is to be used solely for the purpose for which this rating was assigned under NSIC’s scheme, and for no other purpose. The rating is a onetime exercise and the rating will not be kept under surveillance. This rating is valid for one year from the report date, subject to no significant changes/events occurring during this period that could materially affect the business or financial parameters of the organisation as mentioned in the report. CRISIL, however, recommends that the user of the rating seeks a review of the rating, if the organisation experiences significant changes/events during this period, which could impact the organisation/its rating. For verifying if this is an accepted and valid rating, please visit: http://www.crisil.com/credit-ratings-risk-assessment/nsic-ratings-list.htm. The rating and this report are based on the information provided to CRISIL by the organisation and/or obtained by CRISIL from sources it considers reliable including published annual reports, management meetings, industry data and discussions with bankers, customers and suppliers. CRISIL does not guarantee the accuracy, adequacy or completeness of any information on which the rating and the report are based and is not responsible for any errors or omissions for the results/opinions obtained from the use of the rating or the rating report. The rating does not constitute an audit of the organisation by CRISIL. The rating is also not a recommendation to enter into or not enter into any transaction with the organisation. CRISIL reserves the right to disclose the organisation’s rating and the rating report to Government and/or Regulatory Authorities/Courts of Law if required to do so. It is especially stated that CRISIL, its Directors, Rating Committee members, employees and others associated with the rating assignment do not have any financial liability whatsoever including but not limited to attorney’s or consultant’s fees to the users of this rating or this rating report. No part of this report may be reproduced by any means without CRISIL’s prior written approval. 1
  3. 3. Index NSIC-CRISIL PERFORMANCE AND CREDIT RATING .....................................................................3 KEY RATING DRIVERS ..........................................................................................................................4 STRENGTHS ..................................................................................................................................... 4 RISK FACTORS................................................................................................................................. 4 FACT SHEET.............................................................................................................................................5 BUSINESS PROFILE ................................................................................................................................6 BUSINESS DESCRIPTION................................................................................................................ 6 REVENUE PROFILE ......................................................................................................................... 7 CUSTOMER PROFILE AND DEMAND-SIDE ANALYSIS.............................................................. 7 SUPPLIER PROFILE AND SUPPLY-SIDE ANALYSIS ................................................................... 8 MANUFACTURING FACILITIES..................................................................................................... 8 OWNERSHIP AND MANAGEMENT ......................................................................................................9 PROPRIETORS’ PROFILE ................................................................................................................ 9 KEY MANAGEMENT PERSONNEL ................................................................................................ 9 ORGANISATION STRUCTURE, CONTROLS, AND SYSTEMS ................................................... 10 OWNERSHIP PATTERN ................................................................................................................. 10 GROUP COMPANIES AND FIRMS ................................................................................................ 10 FINANCIAL PROFILE ...........................................................................................................................11 CURRENT FINANCIAL PERFORMANCE ..................................................................................... 11 PAST FINANCIAL PERFORMANCE ............................................................................................. 12 PROFIT AND LOSS ACCOUNT ................................................................................................. 12 BALANCE SHEET ...................................................................................................................... 13 KEY FINANCIAL RATIOS ......................................................................................................... 14 FUND FLOW STATEMENT ....................................................................................................... 15 GRAPHS ...................................................................................................................................... 16 BANKING FACILITIES................................................................................................................... 17 SITE VISIT...............................................................................................................................................18 2
  4. 4. NSIC-CRISIL PERFORMANCE AND CREDIT RATING adjudged in relation to other SSIs Financial Strength High Moderate Low Highest SE 1A SE 1B SE 1C High SE 2A SE 2B SE 2C Moderate SE 3A SE 3B SE 3C Weak SE 4A SE 4B SE 4C Poor SE 5A SE 5B SE 5C Performance Capability SE 3B indicates 'Moderate Performance Capability and Moderate Financial Strength' 3
  5. 5. KEY RATING DRIVERS STRENGTHS • • Proprietor having 10 years of experience in the same line of business, thereby demonstrating the proprietor’s ability to steer the firm through operational hurdles. Established relationships with suppliers lead to uninterrupted supply of raw materials. RISK FACTORS • • • • • • • Although the firm has been in operation for nine years, the firm has not increased its scale of operations. Ability of the firm to increase its scale of operations while maintaining operational efficiency remains to be seen. Weak organisation structure resulting in the business being highly dependent on the promoters. The firm has only local presence, which makes it vulnerable to geographic concentration risk. Weak internal controls and systems; Manual reporting systems are likely to impede business scalability. Weak bargaining power with customers as reflected in stretched receivables during 2011-12 (refers to financial year, April 1 to March 31). Moderate credit protection as reflected in the debt-to-equity (not including promoters loan as debt) of 1.43 times as on March 31, 2012, profit before depreciation, interest, and tax (PBDIT) interest cover of 2.48 times, and net cash accruals of 13.81 per cent of the total debt during 2011-12. Margins may be affected on account of: o Raw material price fluctuation o Intense competition from organised and unorganised players 4
  6. 6. FACT SHEET Name of the firm Year of establishment Legal status Legal history PCS Corporation 2003 Proprietorship There is no change in the business, management, and constitution of the firm since inception. Not applicable Registered with Not applicable Registration number SSI Registration number 270251108749 dated May 27, 2011 Mr. Bhagwan B Sonavane Proprietor General Category of entrepreneur Not applicable Listed at Registered and administrative Survey No. 82/1, Dangat Patil Nagar, office and manufacturing Near Vidyut Control, Shivane, Pune – 411 023, facility Maharashtra Tel: +91 9422781458 Email: bbspcs@rediffmail.com Website: www.pcscorpindia.com Permanent: 1 Number of employees Contractual: 7 Total: 8 ISO 9001:2008 (valid till March 2015) Certifications and awards None Brands Statutory compliance • Income tax filing: Regular and timely • Excise duty filing: Not applicable1 • Sales tax filing: Regular and timely • Wealth tax filing: Not applicable • ESIC and EPF dues: Not applicable (As provided by the management, not independently verified.) 1 Excise duty is not applicable as turnover of the firm is below the exemption limit of Rs.150.00 lakh, as per notification no. 8/2003 dated March 1, 2003 of Central Excise Act, 1994. 5
  7. 7. BUSINESS PROFILE BUSINESS DESCRIPTION Nature of business Industry Industry prospects Business description : : : : Manufacturing Plastic and plastic products Strong Business: • The firm is engaged in the manufacturing of plastic moulds and mould components which derive its application in manufacturing of toys, irrigation systems, and machine components. • The manufacturing activities commenced during 2011-12. • The firm was engaged in job work to manufacture plastic moulds for customers. • Job work is the higher contributor in total sales. Manufacturing: • The key raw material used includes plastic granules sourced from local suppliers and distributors. • The manufacturing process includes the following activities: o Procurement of raw material o Setting up of mould in machinery. o Melting and moulding in designed moulds. o Packaging and dispatch. • The moulds are manufactured as per customer specifications and designs. Mr. Bhagwan B Sonavane (Proprietor) undertakes the designing and quality control activities. • The manufacturing cycle time is about 20 to 30 days depending on the products required by the customer. • The firm’s manufacturing capacity varies depending on the type of mould to be manufactured. • Details regarding selling price of the products are not provided to CRISIL. • The firm maintains an average raw material and finished goods inventory of about 30 days. • The labour operates in a single shift of twelve hours. Job work: • The firm undertakes job work to manufacture plastic moulds for customers on need basis. • The firm manufactures moulds as per customer’s 6
  8. 8. Experience in the business Product range Degree of competition Plans : : : : Customer profile : designs. • The job work charges vary from Rs.1,000.00 to Rs.1,500.00 depending on the type of mould to be manufactured. 9 years Diverse High; entry barriers are low The firm does not have any near-term capital expenditure plans. Direct customers REVENUE PROFILE Service name Manufacturing Job work Total Share in net sales (%) 50.00 50.00 100.00 CUSTOMER PROFILE AND DEMAND-SIDE ANALYSIS Customer name and location Product Length of relationship 4 years 9 years 8 years % share in sales 20.00 Anindita Toys, Pune Abhilash Enterprises, Pune Mould and mould Niky Precision Engineers Private components Varies Limited, Pune annually Titan Aeration, Pune 4 years J Plast Industries, Pune 4 years Note: The firm caters to about 20 customers located in Pune. No customer accounts for more than 25.00 per cent of the total sales. Terms of credit Feedback from customers Process of getting orders Exports Marketing network : : : : : Geographical reach : 7 Credit up to 30 days Satisfied with the relationship Regular orders from customers Nil The firm does not have a formal marketing setup. It relies on repeat orders from customers. Moreover, Mr. Bhagwan B Sonavane personally maintains relationship with customers and procures new customers. Limited to one state (Maharashtra)
  9. 9. SUPPLIER PROFILE AND SUPPLY-SIDE ANALYSIS Supplier's / Wholesaler's name Product Plastic granules Gajanan Polymers World Plast V K Polymers V K Petro Chemicals Terms of purchase Feedback from suppliers Raw material availability Raw material price volatility Ability to pass on raw material price increases Imports Length of relationship 9 years 6 years 4 years 4 years : : : : : : Credit up to 30 days Satisfied with the relationship Ample High No Nil MANUFACTURING FACILITIES Labour oriented operations Labour union Labour relationships Automation In-house R&D, designing facilities Factory layout : : : : : : Yes No Cordial Yes, Semi-automated operations Yes Spacious and well-organised Photographs of the manufacturing facility: inner view of the facility 8
  10. 10. OWNERSHIP AND MANAGEMENT PROPRIETORS’ PROFILE Proprietor’s name Age Qualification Designation / responsibilities Relevant experience : : : : : Personal liquid net worth Proprietor’s residence address : : Ownership of residence Vehicles used : : Mr. Bhagwan B Sonavane 38 years BE (Mechanical) Proprietor/Overall management 10 years (1 year as a productioni supervisor with ADVIK Hi-Tech Private Limited engaged in the same line of business and 9 years through the rated firm) Data not provided to CRISIL Flat No. 606, A/2 Building, Sneharihar, Shivane, Pune – 411 023, Maharashtra Self-owned Tata Indigo The personal net worth of the promoters is as disclosed by the management and not certified. KEY MANAGEMENT PERSONNEL Name Age Qualification Designation / responsibilities Previous experience : Mrs. Minal B Sonavane (wife of Mr. Bhagwan B Sonavane) : 32 years : BE (Electrical) : Manager/Administration : 9 years through the rated firm 9
  11. 11. ORGANISATION STRUCTURE, CONTROLS, AND SYSTEMS Proprietor Constitution Second tier management Decision making powers Reporting system or MIS Type of reporting system Frequency of MIS / reporting Litigations against the SSI Litigations against the promoters : : : : : : : : : Severity of litigations Susceptibility to foreign exchange fluctuations Hedging against foreign exchange risks Susceptibility to commodity price fluctuations Hedging against commodity prices Asset insurance : : : : : : Mr. Bhagwan B Sonavane Proprietorship Weak organisation structure Centralised with the promoters Yes Manual Daily None Not applicable Adequate OWNERSHIP PATTERN Not applicable GROUP COMPANIES AND FIRMS The firm does not have any associate firm or group companies. 10
  12. 12. FINANCIAL PROFILE CURRENT FINANCIAL PERFORMANCE Performance for the period ended from April 1, 2012 to November 30 , 2012 Net sales Rs. Lakh PBT Rs. Lakh PBT margin % Total debt Rs. Lakh Current debtors (pertains to 2012-13) Rs. Lakh Current order book (to be executed by January 2013) Rs. Lakh Projected performance during Net sales PBT PBT margin Rs. Lakh Rs. Lakh % 11 25.00 Data not provided to CRISIL 4.00 4.00 2012-13 40.00 Data not provided to CRISIL
  13. 13. PAST FINANCIAL PERFORMANCE PROFIT AND LOSS ACCOUNT For the year ended 2011-12 CA Certified 12 20.37 20.37 9.13 11.24 4.58 6.66 3.73 2.93 0.14 3.07 3.07 3.07 6.80 2010-11 Unaudited 2009-10 Unaudited Number of months 12 12 Net sales Rs. Lakh 13.02 11.16 Operating income Rs. Lakh 13.02 11.16 Cost of sales Rs. Lakh 9.18 7.77 OPBDIT Rs. Lakh 3.84 3.39 Interest and finance costs Rs. Lakh 0.10 0.03 OPBDT Rs. Lakh 3.74 3.36 Depreciation Rs. Lakh 0.61 0.60 OPBT Rs. Lakh 3.13 2.76 Non-operating income / (expense) Rs. Lakh 0.05 PBT Rs. Lakh 3.13 2.81 Extraordinary income / (expense) Rs. Lakh Reported PBT Rs. Lakh 3.13 2.81 Provision for taxes Rs. Lakh Deferred tax liability / (asset) Rs. Lakh PAT Rs. Lakh 3.13 2.81 Dividends Rs. Lakh Net cash accruals Rs. Lakh 3.74 3.41 Notes: • Sales for the year ended March 31, 2012 increased on account of higher orders executed during the year on account of capacity enhancement. The firm commenced manufacturing during 201112. Sales during 2010-11 increased on account of higher job work orders received from customers. • Interest and finance cost for the year ended March 31, 2012 comprises interest on term loan from Indian Overseas Bank (Rs.3.98 lakh), bank charges (Rs.0.28 lakh), interest on car loan from Kotak Mahindra Bank Limited (Rs.0.21 lakh), and interest on cash credit from Indian Overseas Bank (Rs.0.13 lakh). Interest on housing loan from Syndicate Bank is paid in the personal capacity by the proprietor. • Interest and finance cost for the year ended March 31, 2012 increased on account of new term loan and cash credit availed from Indian Overseas Bank during the year. • Depreciation is charged as per the provisions of the Income Tax Act, 1961. Depreciation for the year ended March 31, 2012 increased substantially primarily on account of purchase of new machinery during the year. • Non-operating income for the year ended March 31, 2012 comprises interest on fixed deposit with Indian Overseas Bank (Rs.0.14 lakh) and as on March 31, 2011 comprises of profit on sale of asset (Rs.0.05 lakh). • Taxes are paid in advance by the proprietor. 12
  14. 14. BALANCE SHEET 31-Mar2012 CA Certified 31-Mar2011 Unaudited 31-Mar2010 Unaudited Liabilities Capital Rs. Lakh 34.33 14.67 6.31 Deferred tax liabilities / (assets) Rs. Lakh Long-term debt Rs. Lakh 43.34 9.69 4.36 of which, current portion of long-term Rs. Lakh debt Short-term debt Rs. Lakh 5.91 of which, working capital borrowing Rs. Lakh 5.91 from banks Other liabilities and provisions Rs. Lakh 1.40 4.18 0.65 Total liabilities Rs. Lakh 84.98 28.54 11.32 Assets Net fixed assets Rs. Lakh 42.61 3.48 4.09 Investments Rs. Lakh 20.07 15.17 Inventory Rs. Lakh 3.84 Receivables (total) Rs. Lakh 10.31 2.65 4.54 of which, receivables greater than six Rs. Lakh months Cash and bank balance Rs. Lakh 0.34 2.41 0.42 Other current assets Rs. Lakh 7.81 4.83 2.27 Total assets Rs. Lakh 84.98 28.54 11.32 Notes: • The proprietor has infused capital (Rs.6.80 lakh) and (Rs.5.23 lakh) during 2011-12 and 201011 respectively. • Long-term debt as on Mach 31, 2012 comprises term loan from Indian Overseas Bank (Rs.34.42 lakh), housing loan from Syndicate Bank (Rs.8.36 lakh), and vehicle loan from Kotak Mahindra Bank Limited (Rs.0.56 lakh). Long-term debt as on March 31, 2012 increased substantially on account of term loan borrowed from Indian Overseas Bank during the year. • Short-term debt as on March 31, 2012 comprises cash credit from Indian Overseas Bank (Rs.5.91 lakh). Short-term debt for the year 2010-11 and 2009-10 are nil since the firm did not avail any short-term during the period. • Other liabilities and provisions as on March 31, 2012 comprise creditors for goods (Rs.1.27 lakh) and provisions for expenses (Rs.0.13 lakh). • Net fixed assets as on March 31, 2012 increased substantially on account of purchase of new machinery during the period. • Investments as on March 31, 2012 comprise investment in residential flat (Rs.16.73 lakh), fixed deposit with Indian Overseas Bank (Rs.2.63 lakh), investment in Reliance Mutual Fund (Rs.0.42 lakh), and investment in gold (Rs.0.29 lakh). Investments as on March 31, 2012 increased on account of increase in investment in fixed deposit by the firm during the year. • Receivables during 2011-12 are high on account of year-end execution of orders. • Other current assets as on March 31, 2012 comprise value added tax (VAT) refund (Rs.4.46 lakh), deposits (Rs.3.10 lakh), and advance tax paid (Rs.0.25 lakh). 13
  15. 15. KEY FINANCIAL RATIOS For the year ended / as at 31-Mar-2012 31-Mar-2011 31-Mar-2010 CA Certified Unaudited Unaudited 55.19 29.49 30.38 15.08 24.00 25.18 14.18 18.44 NM 395 272 233 154 -2 -2 185 74 148 2 149 -2 3.41 2.37 11.17 2.48 36.84 -3 13.81 38.55 78.21 1.66 38.94 NM 15.54 1.48 1.48 0.95 0.79 1.43 0.66 0.69 1.43 0.64 0.20 OPBDIT margin % PAT margin % Return on capital employed % Gross current assets days Days inventory (on COP) days Days receivable (on gross sales) days Days payable (on materials) days Current ratio Times PBDIT Interest cover Times Net cash accruals/Total debt % Debt service coverage ratio Times Average cost of borrowing % Total outside liabilities/Capital Times Gearing - Total debt/Capital Times Gearing (not including promoter loans Times as debt) NM: Not meaningful Notes: • Operating margin for the year ended March 31, 2012 increased substantially on account of high closing stock maintained during the year. The firm commenced manufacturing activities during the year. • Receivables during 2011-12 and 2009-10 are stretched on account of year end orders executed by the firm and weak bargaining power with customers. • Payables during 2011-12 appear stretched as it includes creditors for expenses. Bifurcation of the same is not provided to CRISIL. • Average cost of borrowing for the year 2010-11 is low as the interest on housing loans is paid in personal capacity of the proprietor. The same increased during 2011-12 as the firm availed additional debt during the year on which the interest payments were made from the books of accounts. 2 3 As the firm was engaged in job work As it is over 100.00 times 14
  16. 16. FUND FLOW STATEMENT For the year ended Sources of funds Net cash accruals Equity infusion / Share application money Long-term debt borrowed (net) Short-term debt borrowed (net) Decrease in net current assets Sale of investments / fixed assets Other sources Total sources of funds 31-Mar-2012 Rs. Lakh Rs. Lakh Rs. Lakh Rs. Lakh Rs. Lakh Rs. Lakh Rs. Lakh Rs. Lakh 6.80 16.59 33.65 5.91 62.95 31-Mar-2011 3.74 5.23 5.33 0.88 15.18 Uses of funds Investment and fixed assets purchased Rs. Lakh 45.13 15.18 Decrease in tangible net worth Rs. Lakh Long-term debt repaid (net) Rs. Lakh Short-term debt repaid (net) Rs. Lakh Increase in net current assets Rs. Lakh 17.82 Other uses Rs. Lakh Total uses of funds Rs. Lakh 62.95 15.18 Notes • Long-term debt borrowed as on March 31, 2012 pertains to term loan borrowed from Indian Overseas Bank. • Increase in current assets during 2011-12 primarily refers to increase in receivables. CONTINGENT LIABILITIES Contingent liabilities as on March 31, 2012: Nil AUDITORS Dapns and Company, Chartered Accountants, Level 3, Narpatgiri Corner, Above Lokseva Sahakari Bank, 430, Mangalwar Peth, Pune – 411 011, Maharashtra Auditors' comments and observations in their audit report for 2011-12, 2010-11, and 2009-10: Not applicable Change in auditors, if any: No change 15
  17. 17. GRAPHS 16
  18. 18. BANKING FACILITIES Name and location Length of of the bank relationship Indian Overseas 2 years Bank, Dhanukar colony branch, Anuradha Apartment, Dhanukar Colony,Kothrud, Pune – 411 029 Syndicate Bank, 1 year Pune Kotak Mahindra Bank 3 years Limited, Pune *Sanctioned limit **Outstanding as on March 31, 2012 Feedback : Facilities Type of availed facility Cash Fund-based credit limit Term loan Housing loan Vehicle loan Fund-based limit Fund-based limit Loan amount Rs.15.00 lakh* Rate (%) 13.00 Rs.34.42 lakh** Rs.8.36 lakh** 10.50 Rs. 0.56 lakh** 14.00 Performance of the account is regular. CRISIL has received this feedback verbally from the bank. 17
  19. 19. SITE VISIT Address of the site visited : Date of site visit No. of floors occupied Size of premises Number of employees at the location Child labour at the site Locality Location area Site location Site used as : : : : : : : : : Site layout Space around the structure State of infrastructure building : / : Electricity consumption Building structure Ownership of premises Sharing premises with group entities Facilities available at the site : : : : : : Survey No. 82/1, Dangat Patil Nagar, Near Vidyut Control, Shivane, Pune – 411 023, Maharashtra December 15, 2012 One 1,600 square feet 8 No Industrial Urban Side lanes • Administrative office • Factory or works • Warehouse Spacious and well-organised • Front porch • Side space • Power: Stable • Back up power: Unavailable • Water: Available • Labour unions: Do not exist • Transportation: Easily available • Overall infrastructure: Satisfactory 3,500 units Permanent structure Rented No • Internet • Security guards • Name or sign boards • Fire extinguisher • Drinking water • Transport arrangement • Boundary wall • Drainage and sewerage • Pantry and canteen 18
  20. 20. CRISIL SME Ratings Contacts Head Office CRISIL House Central Avenue Hiranandani Business Park Powai, Mumbai 400 076 Tel: +91 22 3342 3000 / 8400 Fax: +91 22 3342 3757 Contact: Mr. Avinash Gidwani E-mail: avinash.gidwani@crisil.com Mr. Sujit Agrawal E-mail: sujit.agrawal1@crisil.com Pune 1187/17, Ghole Road Shivaji Nagar Pune 411 005 Tel: +91 20 4018 1900 Fax: +91 20 4018 1930 Contact: Mr. Prashant Borole E-mail: prashant.borole@crisil.com Mr. Rahul Prasad E-mail: rahul.prasad@crisil.com Mr. Uday Revankar E-mail: uday.revankar@crisil.com Mr. Rahul Nigam E-mail: rahul.nigam@crisil.com Mr. Shriganesh Pardhi E-mail: shriganesh.pardhi@crisil.com Ahmedabad 706, 7th Floor, Venus Atlantis Vejalpur, Near Reliance Petrol Pump Anandnagar to Prahladnagar Road Satellite, Ahmedabad 380 015 Tel: +91 79 4024 4500 Fax: +91 79 4024 4520 Contact: Mr. Arunraj Rajmohan E-mail: arunraj.rajmohan@crisil.com Gurgaon Plot no: 46, Sector : 44 Opposite Provident Fund Office Gurgaon, Haryana : 122 003 Tel: +91 124 672 2402 Fax: +91 124 672 2001 Contact: Mr. Abhik Sen E-mail: abhik.sen@crisil.com Mr. Kunal Raman E-mail: kunal.raman@crisil.com Mr. Tejendra Kushwaha E-mail: tejendra.kushwaha@crisil.com Kolkata HORIZON, 4th Floor, Block B 57, Chowringhee Road Kolkata 700 071 Tel: +91 33 2289 1949/4011 8200 Fax: +91 33 2283 0597 Contact: Mr. Sambit Das E-mail: sambit.das@crisil.com Ms. Jhumur Chowdhury E-mail: jhumur.chowdhury@crisil.com Mr. Abhipshit Datta E-mail: abhipshit.datta@crisil.com Chennai Thapar House, Mezzanine Floor 43/44, Montieth Road, Egmore Chennai 600 008 Tel : +91 44 6616 3100 Fax: +91 44 2854 7531 Contact: Mr. B. Venugopal E-mail: b.venugopal@crisil.com Mr. Harikrishnan A E-mail: harikrishnan.a@crisil.com Bengaluru W 101, Sunrise Chambers 22, Ulsoor Road, Bengaluru 560 042 Tel: +91 80 2558 0899 Fax: +91 80 2559 4801 Contact: Mr. Sudhir Narayan E-mail: sudhir.narayan@crisil.com Mr. Ravikiran Apte E-mail: ravikiran.apte@crisil.com Hubli Unit No. 53 and 54 2nd floor, Eureka Junction Above Hubli Scan Centre, Opp. Revankar Comfort T.B. Road, Hubli 580 029 Tel: +91 836 2256 777 Mr. Kashiraya Kadaganchi E-mail: kashiraya.kadaganchi@crisil.com Hyderabad 3rd Floor, Uma Chamber Plot no 9 & 10, Nagarjuna Hills, Punjagutta, X Road Hyderabad 500 082 Tel: +91 40 2335 8103/05 Fax: +91 40 2335 7507 Contact: Mr. Mansur Basha E-mail: mansur.basha@crisil.com Mr. Rahul Deshpande E-mail: rahul.deshpande@crisil.com Coimbatore New No. 750-7, Old No. 1055-6 1st Floor, Gowtham Centre Opp. Nilgiri Nest, Avinashi Road Coimbatore 641 018 Tel: +91 422 224 4559 Contact: Mr. Abraham L E-mail: abraham.l@crisil.com Surat 811, 8th Floor, Rajhans Complex Opp. J K Tower, Ring Road Surat 395 002 Tel: +91 261 400 2230 Contact: Mr Devesh Kemkar E-mail: devesh.kemkar@crisil.com Nashik 1, Deep Aarti Apartments Opp. Bohora Park, Gangapur Road Nasik 422 002 Contact: Mr. Pratik Shukla E-mail : pratik.shukla@crisil.com Jaipur C/14/13, 1st Floor, Shopping Centre Swarn Path Mansarovar, Jaipur 302 020 Phone: +91 141 302 1688/81 Contact: Mr. Vikas Banthia E-mail: vikas.banthia@crisil.com Jamshedpur Office No 7 Meghdeep Building, 2nd Floor “Q” Road, Bistupur, P.S. Bistupur Jamshedpur, Singhbhum (East) Jharkhand 831 001 Phone: +91 657 654 5958 Mr. Abhishek Kumar E-mail: abhishek.kumar@crisil.com Raipur 323, 3rd Floor, Crystal Arcade Lodipara Chowk, Shankar Nagar Road Raipur 492 001 Tel: +91 771 409 9997 Contact: Mr. Yash Naidu E-mail: yash.naidu@crisil.com Indore Office No 160, 1st Floor , Orbit Maill, A. B. Road , Indore 452 010 Tel: +91 731 3931386 Contact: Mr Devesh Kemkar E-mail: devesh.kemkar@crisil.com Ludhiana Sai Tower 202, Industrial Area Ludhiana 141 003 Tel: +91 161 501 1575 Contact: Mr. Munish Dhawan E-mail: munish.dhawan@crisil.com Mr. Abhinandan Sharda E-mail: abhinandan.sharda@crisil.com Mr. Sudhir Rana E-mail: sudhir.rana@crisil.com Mr. Manoj Sharma E-mail: manoj.sharma1@crisil.com Kochi 40/2908, F-14, 4th Floor Penta Menaka, Marine Drive Kochi 682 031 Phone +91 484 237 3337 Contact: Mr. Martin George Email: martin.george@crisil.com Vadodara 509, Centre Point, R.C.Dutt Road Alkapuri, Vadodara 390 007 Tel: +91 265 3025 946 Contact: Mr. Prashant Menon E-mail: prashant.menon@crisil.com Visakhapatnam Cabin No.S-5, Vishaka Business Centre, 46-19-5, Manda Vari Street, Dondaparthy, Visakhapatnam 530 016 Tel: +91 891 6661 770 Contact: Mr. Kanuparthy Vamsi E-mail: vamsi.kanuparthy@crisil.com

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