Crown Lifters Ltd

Crown Lifters Ltd (CROWN)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-10.67 %
3 Month Return16.82 %
1 Year Return47.15 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 89
Rank 91
Rank 110
Dividend Yield
Rank 25
Rank 233
Price To Book Ratio
Rank 67
Debt To Asset
Rank 106

Company Information

Crown Lifters Limited was incorporated in December 27 2002. The company is a professional crane hiring company operating as one of the preferred supplier of construction equipments servicing all industrial sectors and is engaged in trading and renting of cranes.During the year 2021 however a suit was filed against the company in the matter of Import Duty. a Appeal No. 900/2013: The Company purchased a second hand Crane and the parts of Cranes in auction conducted by the world renowned auctioneers namely from M/s. Ritchie Bros USA. Investigation was started by the Directorate of Revenue Intelligence regarding certain cranes imported in past and the said crane and the parts were also subjected to provisional assessment. The Company was asked to provide bank guarantee of Rs. 17216000/ for crane which was returned and for parts of the crane bank guarantee of Rs. 91187/ was furnished along with bond and Certificate of Chartered Engineer. Then the Company received no communication from the department. The Company than received Original Order No. 2161/2013 on April 27 2013 issued stating that the consignment containing refurbished parts of the used cranes is liable to confiscation under the provisions of Section 111 d of Customs Act 1962 with a redeemed fine of Rs. 180000/. Penalty of Rs. 90000/ was also imposed under Section 112 a of the Customs Act. 1962. The Company has filed an appeal on August 8 2013 for setting aside the impugned Order and for stay on operation of the impugned order till the final decision on the appeal. The Matter is still pending with Commissioner to Customs Appeal MumbaiII JNCH Sheva.b Appeal No. C/86803 86804 86805 86415/14: The Company had purchased used cranes and parts of cranes. The Company imported 35 consignments of cranes and accessories. The Custom authorities had determined that out of 35 consignments 14 were cleared on understated values. The Commissioner of Customs Import had passed the Order No. 12/2014/CAC/CC1/AB/Gr.v dated January 31 2014 and give as under: 1 Redemption Fine Imposed in respect of imports through Crown Lifters Rs. 6500000/ and in respect of imports through Crown Lifters Private Limited Rs 2600000/. 2 Imposed total Penalty in respect of imports through Crown Lifters Rs. 4500000/ and in respect of imports through Crown Lifters Private Limited Rs 6874773/ 3 Duty along with Interest in respect of imports through Crown Lifters Private Limited Rs. 3794773/The Company filed an appeal against the said order and the Customs Excise and Service Tax Appellate Tribunal West Zonal Bench at Mumbai Court No. II which allowed the appeal by passing Order No. A/18501853/15/CB dated June 24 2015 in which the penalty is waived andthe deposit paid against import of cranes which more than 5 year old from the date of show cause notice is to be refunded. The Department has taken the same matter to the CESTAT and the same is pending before the Tribunal.
OrganisationCrown Lifters Ltd