Attachment 1
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Report
Update On |
8th March, 2003 |
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Report on |
AMPHENOL INTERCONNECT PRIVATE
LIMITED |
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Formerly Known As |
AMPHETRONIX PRIVATE LIMITED |
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Registered Office |
105, Bhosari Industrial Estate, P. B. No. 1, Pune – 411 026,
Maharashtra, INDIA |
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Tel. No. |
91-20-24102361, 27120363, 27120481, 27129158 |
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Fax No. |
91-20-27119735, 27120581, 27129158 |
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E-Mail |
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Website |
Attachment 2
SUMMARY
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Incorporated |
1970 |
Status |
Good |
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Registration No. |
14544 |
Chief Executive |
Mr. M.
M. Murugappan |
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Capital (Rs.) |
7.040 millions |
Payments |
Regular |
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Sales (Rs.) |
450.492 millions |
Litigation |
Clear |
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Net Worth (Rs.) |
156.995 millions |
Banking Reputation |
Good |
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No. of Employees |
750 |
Auditors |
Deloitte, Haskins & Sells |
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Credit Rating |
Aa (See attachment 3) |
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INDUSTRY
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corporate headquarters
358, Hall Avenue, Wallingford, CT 06492, U.S.A.
Tel. No. (203) 265-8900
Fax No. (203)
265-8516
PLANTS
v 105, Bhosari Industrial Estate, P. B. No. 1, Pune – 411 026, Maharashtra
v 61, Keonics Electronics City, Hosur Road, Bangalore – 561 229, Karnataka
Tel. No. 91-80-8520030, 8520031, 8520032
Fax No. 91-80-8520418
MARKETING OFFICES
Located at :
Pune, Bangalore, Secunderabad and New Delhi
HISTORY
The company was incorporated on 20th February, 1970 at Pune in Maharashtra having Company Registration Number 14544.
It was originally incorporated under the name and style of Amphetronix Limited. Subsequently it was converted into a private limited company in the year 2001 and later the name of the company was changed to present.
Subject became a wholly owned subsidiary of Amphenol Corporation, USA in December 1996.
LEGAL FORM
It is a Private Limited Liability company.
It is a wholly owned subsidiary of Amphenol Corporation, U.S.A.
DIRECTORS
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Mr. M. V. Subbaiah |
Chairman |
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Mr. M. M. Murugappan |
Managing Director |
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Paul Verghese |
Executive Director |
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Mr. Harish Bhargava |
Director |
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Mr. Lawrence J. Degeorge |
Director |
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Mr. D. J. Lawyer |
Director |
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Mr. Martin H. Loeffler |
Director |
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Mr. Mark Twaalfhoven |
Director |
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Mr. M. A. Wadia |
Director |
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Mr. A. R. Wadia |
Alternate Director |
MAJOR SHAREHOLDERS
Amphenol Corporation, USA 28,160 shares
LPL Technologies Holding GmbH, Germany 42,240 shares
BUSINESS
The company is engaged in manufacturing and sale of apparatus and instruments of military and commercial electrical and electronic connectors, components and switches
Subject is the first company in India to manufacture high performance connectors.
Both the plants of the company have been accreditated with ISO 9001:2000 quality standards.
The company has an installed capacity of 7,000,000 connectors and inter-connected products per annum.
Subject has a range of over 1,000 varieties of interconnect products.
The company’s product range include :
v
Antenna
Some of the Major Customers of the company are :
v Bharat Electronics Limited
v Indian Space Research Organisation (ISRO)
v Ordnance Factory
The company’s fixed assets of important value include freehold and leasehold land, building, residential flat, plant and machinery, tooling, vehicles, furniture & fixtures, office equipments & air conditioners.
The company employs around 750 persons in its set-up.
PARENT COMPANY
v Amphenol Corporation, USA
BANKERS
v State Bank of India
v State Bank of Travancore
AUDITORS
v Deloitte Haskins & Sells
Chartered Accountants
Mafatlal House, Backbay Reclamation, Mumbai – 400 020
Tel. No. 91-22-22854330, 22837006
Fax No. 91-22-22024499, 22024337
E-Mail cchokshi@giasbm01.vsnl.net.in
FINANCIAL INFORMATION
The company's last available financial information for the period ended 31st December, 2000 is enclosed herewith.
No subsequent financials are available from any of the sources.
Note : Registrar of Companies details are those which have been filed by the subject or its agents. In certain circumstances, this data may not be upto date and reference should be made to general information details for possible changes not yet filed at the R.O.C. In circumstances, beyond our control R. O. C. data retrieval errors may result in incomplete data being available.
FOREIGN EXCHANGE RATES
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Currency |
Unit |
Indian
Rupees |
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US Dollar |
1 |
Rs.47.80 |
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UK Pound |
1 |
Rs.76.58 |
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Euro |
1 |
Rs.52.65 |
CAPITAL STRUCTURE
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Authorised Capital : |
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75,000 |
Equity shares of Rs.100/- each |
Rs.7.500 millions |
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Issued, Subscribed &
Paid-up Capital : |
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70,400 |
Equity shares of Rs.100/- each |
Rs.7.040 millions |
COMMENTS
Subject is a well established company in its’ field.
The company’s fundamentals are strong. The company has excellent track. Business is active. Payments are usually correct and as per commitments.
The company can be considered normal for business dealings at usual trade terms and conditions.
It can be regarded as a promising business partner as a medium to long-run.
ABRIDGED BALANCE SHEET AS ON 31ST DECEMBER, 2000
[figures are in Rupees Millions]
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SOURCES OF FUNDS |
31.12.2000 |
31.12.1999 |
31.12.1998 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
7.040 |
7.040 |
7.040 |
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2] Reserves & Surplus |
149.955 |
124.366 |
103.005 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
19.898 |
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2] Unsecured Loans |
0.124 |
0.229 |
0.985 |
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GRAND TOTAL
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157.119 |
131.635 |
130.928 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
39.670 |
42.002 |
43.997 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENTS |
0.207 |
0.207 |
0.207 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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45.861 |
38.711 |
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Sundry Debtors |
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96.681 |
62.896 |
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Cash & Bank Balances |
190.759 |
22.622 |
7.651 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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10.656 |
9.320 |
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Total Current Assets |
190.759 |
175.820 |
118.578 |
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Less : |
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Current Liabilities & Provisions |
73.517 |
86.394 |
31.854 |
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Net Current Assets |
117.242 |
89.426 |
86.724 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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GRAND TOTAL
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157.119 |
131.635 |
130.928 |
IMPORTANT FINANCIAL INFORMATION FOR Three PERIODS
[figures are in Rupees Millions]
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PARTICULARS |
31.12.2000 |
31.12.1999 |
31.12.1998 |
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Sales Turnover |
450.492 |
340.669 |
231.470 |
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[including other income] |
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Profit/(Loss) Before Tax |
121.303 |
76.118 |
9.970 |
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Provision for Taxation |
38.500 |
23.500 |
8.700 |
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Profit/(Loss) After Tax |
82.803 |
52.618 |
1.270 |
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Dividend |
49.280 |
28.160 |
0.000 |
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Earnings in Foreign Currency : |
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Export Earnings |
NA |
0.945 |
1.160 |
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Other Earnings |
NA |
64.667 |
68.323 |
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Total Earnings |
NA |
65.612 |
69.483 |
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Imports : |
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Raw Materials |
NA |
10.531 |
8.738 |
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Components & Spares |
NA |
57.417 |
24.190 |
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Capital Goods |
NA |
3.944 |
5.706 |
Total Imports
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NA |
71.892 |
38.634 |
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Expenditures :
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Salaries & Wages |
44.130 |
37.784 |
33.870 |
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Rent & Royalty |
2.482 |
2.362 |
2.455 |
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Interest |
1.923 |
2.060 |
3.764 |
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Other Expenses |
280.654 |
222.345 |
155.309 |
Total Expenditures
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329.189 |
264.551 |
195.398 |
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an
extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. Maybe drawn to slightly
difficult position as unfavourable conditions arise. Minimal assurance for
timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
Small |
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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 |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any suggestion
to help us improve our reports and services, please do not hesitate to let us
know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
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POOR |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature