Attachment 1
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Report
Update On |
6th September, 2000 |
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Report on |
AMPHETRONIX LIMITED |
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Registered Office |
Plot No. 105, Bhosari Industrial Area, P. B. No. 1, Pune - 411 026,
Maharashtra, INDIA |
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Tel. No. |
91-20-790481 / 790363 / 790362 |
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Fax No. |
91-20-790581 |
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E-Mail |
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Telex |
0146
237 |
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Cable |
‘AMFRTRONOIX’ Pune |
Attachment 2
SUMMARY
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Incorporated |
1972 |
Status |
Good |
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Registration No. |
14544 |
Chief Executive |
Mr. M. M. Murugappan |
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Capital (Rs.) |
Rs.7.040 millions |
Payments |
Regular |
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Sales (Rs.) |
Rs.231.470 millions |
Litigation |
-- |
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Net Worth (Rs.) |
Rs.110.045 millions |
Banking Reputation |
Satisfactory |
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No. of Employees |
750 |
Auditors |
Ford, Rhodes, Parks & Company |
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Credit Rating |
A (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
FACTORY
Plot No. 105, Bhosari Industrial Area, P. B. No.1, Pune 411 026, Maharashtra, INDIA.
plant
K Plot No. 1 & 3, Doddanekkudni 1A, Whitefield Road, Bangalore - 560 048, Karnataka, INDIA
K Keonics Electronics City, Plot 61, Konnappana Agrahara, Begur Hobli, Bangalore South, Karnataka, INDIA
HISTORY
The company was incorporated on 29th June 1972 at Pune in Maharashtra having Company Registration No. 14544.
LEGAL FORM
It is a Closely Held Public Limited Liability company.
DIRECTORS
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Mr. M. V. Subbiah |
Chairman |
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Mr. M. M. Murugappan |
Managing
Director |
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Mr. Mr. Harish Bhargawa |
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. A.R. Wadia |
Alternate
Director |
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Mr. Mark Twalthovan |
Director |
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Mr. Paul Varghese |
Executive
Director |
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Mr. M. A. Wadia |
Director
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PARTICULARS OF CHIEF EXECUTIVE
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Name |
Mr. M. M. Murugappan |
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Designation |
Managing Director |
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Age |
41 years |
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Qualification |
B. Tech., M. Sc. (Engg.) |
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Experience |
20 years |
BUSINESS
The company is engaged in Manufacturing and Selling of Electronic Components, Connectors and Switches.
The company is Manufacturer of connectors, cable and interconnect systems for electronics, cable television, telecommunications, aerospace, transportation and industrial applications. It designs, manufactures and markets electrical, electronic and fibre optic connectors, coaxial and flat ribbon cable, and interconnect systems.
The Generic Names of the principal products of the company are as under :
K Cables with Connectors
K Moulding Tools for Plastic And Rubber Compon
K Parts of Connectors
K Press Tools
The company imports from Europe and USA against L/C and Credit terms.
The company’s products are engineered and produced in North America, Europe and the Far East and sold by a world-wide sales and marketing organisation.
The company produces a broad line of interconnect products to serve the wireless market and are continuing to develop new products to serve this expanding industry.
In addition to smart card interconnect components, the company is designing and producing card readers and other sophisticated consumer devices that permit the user to interface electronically with their bank and perform other financial transaction.
The company had developed new industrial connectors for the machine tools, factory automation and motion control equipment markets.
The company’s fixed assets of important value include freehold and leasehold lands, 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
K LPL Technologies Holding, GmbH
K E.I.D. Parry (India) Limited.
BANKERS
K State Bank of India
K State Bank of Travancore
AUDITORS
K Ford, Rhodes, Parks & Company
Chartered Accountants
Mumbai, Maharashtra, INDIA
FINANCIAL INFORMATION
The company’s last available financial information for the year ended 31st December, 1998 is enclosed herewith.
CAPITAL STRUCTURE
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Authorised Capital : |
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75000 |
Equity shares of Rs. 100 each |
Rs. 7.500 millions |
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Issued, Subscribed &
Paid-up Capital : |
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70400 |
Equity shares of Rs. 100 each |
Rs. 7.040 millions |
COMMENTS
Subject is a well established company in its’ field. It ceases to be a subsidiary of E.I.D. Parry (India) Limited.
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.
Your proposed business dealings of US$
105,000 can be considered against D/A, D/P or Open Account terms in view of
strong principals.
ABRIDGED BALANCE SHEET AS ON 31ST DECEMBER, 1998
[figures are in Rupees Millions]
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SOURCES OF FUNDS |
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31.12.1998 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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7.040 |
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2] Reserves & Surplus |
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103.005 |
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LOAN FUNDS |
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1] Secured Loans |
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19.898 |
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2] Unsecured Loans |
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0.985 |
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GRAND TOTAL
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130.928 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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43.997 |
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INVESTMENTS |
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0.207 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Sundry Debtors |
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Cash & Bank Balances |
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Other Current Assets |
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Loans & Advances |
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86.724 |
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Total Current Assets |
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Less : |
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Current Liabilities |
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Provisions |
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Net Current Assets |
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86.724 |
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GRAND TOTAL
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130.928 |
IMPORTANT FINANCIAL INFORMATION
[figures are in Rupees Millions]
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PARTICULARS |
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31.12.1998 |
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Sales Turnover |
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231.470 |
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[including other income] |
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Profit/(Loss) Before Tax |
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38.072 |
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Provision for Taxation |
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10.700 |
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Profit/(Loss) After Tax |
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27.372 |
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Dividend |
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0.000 |
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Earnings in Foreign Currency : |
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Export Earnings |
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NA |
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Other Earnings |
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NA |
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Total Earnings |
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NA |
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Imports : |
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Raw Materials |
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NA |
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Components & Spares |
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NA |
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Capital Goods |
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NA |
Total Imports
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NA |
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Expenditures :
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Salaries & Wages |
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33.870 |
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Rent & Royalty |
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2.455 |
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Interest |
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3.764 |
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Other Expenses |
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155.309 |
Total Expenditures
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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
INDIA
INDIA, a Union of States, is a Sovereign Socialist Secular Democratic Republic with a Parliamentary System of government. It covers an area of 32872631 sq. km. Population, as on 1st March, 1991 (last counted) stood at 846.30 millions.
The value of total foreign trade increased to Rs.2,778,392.8 millions in 1997-98. During 1997-98, it’s total exports amounted to Rs.1,262,857.6 millions and imports increased to Rs.1,515,535.2 millions.
As on 20th April, 1999, Standard and Poor’s affirmed its ratings for India and said the country’s outlook was stable despite weak coalition governments. S&P affirmed its BB foreign currency and the BBB local currency ratings for India. The B foreign currency and A3 local currency short-term issuer credit ratings were also affirmed. The outlook is stable. Official foreign exchange reserves cover about 165 percent of total government, public sector and private sector external principal-repayment obligations due within the next 12 months. At $32.6 billion as on April 7, 1999, they mitigate the risk of a sudden loss of external confidence even as exports decelerate and the trade gap widens, the agency said.
LEADING EONOMIC INDICATORS
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Outstanding As On |
% Variation Over |
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Banking, M3 & Forex (Rs. mlns.) |
Feb. 26, 1999 |
End-March 1998 |
Financial Year So Far |
Year Ago |
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1997-98 |
1998-99 |
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Aggregate Deposits |
6,983,380 |
6,054,100 |
15.3 |
15.3 |
19.8 |
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Demand Deposits |
1,029,500 |
1,025,130 |
0.2 |
0.4 |
13.4 |
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Time Deposits |
5,953,880 |
5,028,970 |
18.7 |
18.4 |
20.9 |
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Investments |
2,519,660 |
2,187,050 |
12.3 |
15.2 |
17.7 |
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Government Securities |
2,203,170 |
1,869,570 |
14.2 |
17.8 |
21.4 |
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Other Approved Securities |
316,490 |
317,480 |
2.7 |
-0.3 |
-2.3 |
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Bank Credit |
3,547,420 |
3,240,790 |
12.4 |
9.5 |
13.3 |
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Food Credit |
167,320 |
124,850 |
62.4 |
34.0 |
35.6 |
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Non-food Credit |
3,380,110 |
3,115,940 |
11.0 |
8.5 |
12.4 |
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Money Supply M3 (Feb. 26, 1999) |
9,455,060 |
8,253,890 |
13.4 |
14.6 |
18.8 |
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Net Bank Credit to Government |
3,868,200 |
3,306,190 |
11.4 |
17.0 |
20.3 |
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Reserve Bank Credit to
Government |
1,543,690 |
1,351,600 |
5.1 |
14.2 |
18.3 |
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Bank Credit to Commercial
Sector |
4,651,290 |
4,321,900 |
11.8 |
7.6 |
10.6 |
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FOREX (US$ mln.) March 19, 1999 |
312,350 |
293,670 |
7.0 |
6.4 |
10.5 |
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Foreign Currency Assets |
282,560 |
259,750 |
11.1 |
8.8 |
13.7 |
FOREIGN INSTITUTIONAL INVESTMENT IN INDIA
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Financial Year |
Gross Purchases (Rs. mlns.) |
Gross Sales (Rs. mlns.) |
Net Investment (Rs. mlns.) |
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1992-93 |
175 |
40 |
135 |
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1993-94 |
55,927 |
4,665 |
51,262 |
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1994-95 |
76,310 |
28,354 |
47,966 |
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1995-96 |
96,930 |
27,520 |
69,420 |
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1996-97 |
155,540 |
69,804 |
85,746 |
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1997-98 |
186,948 |
127,373 |
59,577 |
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1998-99 |
161,150 |
176,993 |
-15,844 |
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Total |
732,980 |
434,749 |
298,262 |
FOREIGN EXCHANGE RATES
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Currency |
Unit |
Indian
Rupees |
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US Dollar |
1 |
Rs.45.41 |
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UK Pound |
1 |
Rs.65.87 |
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Euro |
1 |
Rs.40.56 |
Attachment 5
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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GOOD |
FAIR |
POOR |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature