MIRA INFORM REPORT
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Report
Date : |
28.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
TURBO ENERGY LIMITED |
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Formerly
Known As : |
ASTRA TEL – DIVISION OF TURBO ENERGY LIMITED |
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Registered
Office : |
67, Chambers Road, Chennai – 600 028, Tamilnadu |
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Country
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India |
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Financials
(as on) : |
31.03.2005 |
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Date
of Incorporation : |
03.05.1982 |
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Com.
Reg. No.: |
18-9363 |
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CIN
No.: [Company
Identification No.] |
U40107TN1982PLC009363 |
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TAN
No.: [Tax
Deduction & Collection Account No.] |
CHET00565F/CHET06281C |
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PAN
No.: [Permanent
Account No.] |
AAACT2916R |
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Legal
Form : |
Closely held public limited liability company. |
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Line
of Business : |
Manufacturer of Turbo Chargers,
Components and parts of Turbo Chargers. |
RATING & COMMENTS
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MIRA’s
Rating : |
A |
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum
Credit Limit : |
USD
3000000 |
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Status
: |
Good |
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Payment
Behaviour : |
Regular |
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Litigation
: |
Clear |
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Comments
: |
Subject is a well established and reputed company having fine track.
Available information indicates high financial responsibility of the company.
Financial position is good. Payments are correct and as per commitments. The
company can be considered good for any normal business dealings. It can be regarded as a
promising business partner in a medium to long-run. |
LOCATIONS
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Registered
Office : |
No. 67, Chambers Road, Chennai – 600 028,
Tamilnadu, India |
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Tel.
No.: |
91-44-26257286/24322408/24322034 |
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Fax
No.: |
91-44-26257010/24343492/24325640 |
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E-Mail
: |
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Factory
: |
·
Sriperumbudur – 602 105, Tamilnadu Tel.
91-4111-232375/232253/232283/232251 Fax. 91-4111-232994 ·
Cheyyar Taluk – 604 410, Tamilnadu Tel. 91-4111-242291 Fax. 91-4111-242163 ·
Pulivalam Village, Banavaram Post – 632505,
Tamilnadu |
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Branches
: |
Located at :- 110, Nelson Manickam Road, Chateau Dampa Complex, Basement Aminkjikarai, Chennai – 600 029, Tamilnadu Tel. 91-44-23741303/23741174/23742691 Fax. 91-44-23741272 |
DIRECTORS
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Name : |
Mr. R. Ramanujam |
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Designation
: |
Director |
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Address
: |
17, Parthasarathy Gardens, Chennai – 600018, Tamilnadu |
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Date
of Birth : |
29.07.1936 |
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Date
of Appointment : |
03.05.1982 |
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Name : |
Mr. Ananth Ramanujam |
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Designation
: |
Director |
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Address
: |
17, Parthasarathy Gardens, Chennai – 600018, Tamilnadu |
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Date
of Birth : |
26.08.1964 |
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Date
of Appointment : |
25.09.1995 |
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Name : |
Mr. Johann Christoph Rabe |
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Designation
: |
Director |
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Address
: |
Am Wasserturn 21 65207, Waiesbaden, Germany |
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Date
of Birth : |
26.01.1956 |
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Date
of Appointment : |
12.03.2004 |
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Name : |
Mr. Hans Werner Heyne |
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Designation
: |
Director |
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Address
: |
Anebosstrasse 6 D – 67240, Bobenheim – Roxheim, Germany |
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Date
of Birth : |
24.05.1945 |
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Date
of Appointment : |
12.03.2004 |
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Name : |
Mr. F. Lee Wilson |
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Designation
: |
Director |
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Name : |
Mr. G. K. Raman |
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Designation
: |
Director |
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Address
: |
10, 12th Cross Street, Indira Nagar, Chennai –
600020, Tamilnadu |
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Date
of Birth : |
09.09.1931 |
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Date
of Appointment : |
07.06.1999 |
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Name : |
Mr. Mantosh Sondhi |
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Designation
: |
Director |
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Name : |
Mr. T. T. Rangaswamy |
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Designation
: |
Director |
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Address
: |
9, Kasturi Estates, III Street, Chennai – 600086,
Tamilnadu |
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Date
of Birth : |
21.02.1924 |
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Date
of Appointment : |
20.11.2002 |
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Name : |
Mr. Udo Schwerdel |
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Designation
: |
Director |
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Name : |
Mr. M. Sivaramasubramonian |
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Designation
: |
Company Secretary |
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Address
: |
24 [Plot No. 1023], 76th Street, 12th
Sector, K. K. Nagar, Chennai – 600078, Tamilnadu |
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Date
of Birth : |
09.07.1955 |
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Date
of Appointment : |
02.05.2001 |
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Name : |
Mr. Roger J. Wood |
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Designation
: |
Director |
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Address
: |
3692, Westvale Drive, Cortland, New York 13045,
U.S.A. |
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Date
of Appointment : |
02.12.2005 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr. T. T.
Rangaswamy |
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320 |
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Mr. K.
Balagangadharan |
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320 |
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Mr. Prema
Ramanujam |
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16960 |
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Ms. Gita
Ram |
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8000 |
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Mr.
Chitra Viji |
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8000 |
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Brakes
India Limited |
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1280000 |
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Sundaram
Finance Limited |
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1280000 |
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Mr. T. S.
Santhanam |
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18560 |
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Ms. Padma
Santhanam |
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12800 |
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Ms.
Nivedita Ram |
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6400 |
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Mr.
Srivats Ram |
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19200 |
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Mr. S.
Viji |
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12800 |
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Ms.
Harsha Viji |
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6400 |
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Mr.
Sriram Viji |
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6400 |
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Mr. R.
Ramanujam |
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13120 |
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Mr.
Ananth Ramanujam |
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3840 |
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Ms. Reeta
Sondhi & Mr. Vipin Sondhi |
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1920 |
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Shikara
Holdings Private Limited |
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640 |
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Borgwarner
Turbo Systems Worldwide Headquarters GmbH |
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1304320 |
BUSINESS DETAILS
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Line
of Business : |
Manufacturer of Turbo Chargers, Components and
parts of Turbo Chargers. |
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Products
: |
Item Code No. : Product
Description 84148030 Turbochargers 84149090 Turbochargers
Parts ·
Turbochargers ·
Components and Parts Turbochargers The company has technical collaboration with :- * Borg Warner Turbo Systems |
PRODUCTION
STATUS
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Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
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Turbochargers |
Nos. |
Delicenced |
330000 |
201792 |
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Components
& parts of Turbochargers |
Nos. |
Delicenced |
4000000 |
1304107 |
GENERAL INFORMATION
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No. of
Employees : |
250 |
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Bankers
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·
Bank of India ·
State Bank of India Industrial
Finance Branch, Chennai – 600002, Tamilnadu |
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Facilities : |
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Banking Relations : |
Good |
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Auditors
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Sundaram & Srinivasan Chartered Accountants, Chennai – 600018, Tamilnadu |
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Associates/Subsidiaries
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v Brakes
India Limited Padi, Chennai – 600 050,
Tamilnadu Tel. 91-44-26258161 Fax. 91-44-26257010/26257844 E-mail. bitvs@md2.vsnl.net.in Website. http://www.brakesindia.com v Sundram
Polymers Division Plot No. 3A, KIADB Industrial
Area, Nanjangud – 571 302 Tel. 91-8221-24056/24057 Fax. 91-8221-26672 E-mail. binspl@vsnl.com v Harita
Finance Limited Jayalakshmi Estates 8, Haddows
Road, Channai – 600 006, Tamilnadu Tel. 91-44-28277155 Fax. 91-44-28232296 v India
Japan Lighting Limited 272, Anna Salai, Teynampet,
Chennai – 600 018, Tamilnadu v India
Motor Parts and Accessories Limited 21, Patullos Road, Chennai –
600 002, Tamilnadu Tel. 91-44-28523996/28524097 Fax. 91-44-28523009 Telex. (041) 6494 E-mail. impalmds@vsnl.com v India
Nippon Electrical Limited AALIM Center, 2nd
Floor, 82 Dr. Radhakrishnan Salai, Mylapore, Chennai – 600 004, Tamilnadu Tel. 91-44-28111200 Fax. 91-44-28115624 E-mail. inel.padi@lucastvs.springintrpg.ems.vsnl.net.in v Irizar
TVS (Private) Limited 7B, West Veli Street, Madurai –
625 001, Tamilnadu v Lakshmi
Auto Components Limited Post Box No. 4, Harita, Hosur –
635 109, Dharmapuri District, Tamilnadu Tel. 91-4344-276780/4 Fax. 91-4344-276017/276016 v Lucas
Indian Service 272, Anna Salai Teynampet,
Chennai – 600 018, Tamilnadu Tel.
91-44-24340513/24340536/24341460 Fax. 91-44-24342108 E-mail. lishead@satyam.net.in v Lucas
TVS Limited Padi, Chennai – 600 050,
Tamilnadu Tel. 91-44-26258211/26257273 Fax.
91-44-26257215/26259642/26257863/26250306 E-mail. mktg.padi@lucastv.co.in Website. http://www.lucas-tvs.com v Southern
Roadways Limited Lakshmi Building Usilampatti
Road, Post Box No. 3, Kochadai, Madurai – 625 016, Tamilnadu Tel. 91-452-2381281 v Sundaram
Brake Linings Limited Padi, Chennai – 600 050,
Tamilnadu Tel. 91-44-26258111 Fax. 91-44-26257572 E-mail. sbl@giasmd01.vsnl.net.in v Sundaram
Clayton Limited Jayalakshmi Estates, 8, Haddows
Road, Chennai – 600 006,
Tamilnadu Tel. 91-44-28272233 Fax. 91-44-28257121 Website. http://www.sundaram-clayton.com v Sundaram
Dynacast Limited P. O. Box No. 17, Padi, Chennai
– 600 050, Tamilnadu Tel. 91-44-26259169/26258161 Fax. 91-44-26259168 E-mail. sundyn@md3.vsnl.net.in v Sundaram
Fasterners Limited Padi, Chennai – 600 050,
Tamilnadu Tel. 91-44-26258460 Fax. 91-44-26257493/26257728 Website. http://www.sundram.com v Sundaram
Industries Limited Usilampatti Road, Kochadai,
Madurai – 625 016, Tamilnadu Tel. 91-452-2382801/4 Fax. 91-452-2381240 |
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CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs. 10/- Each |
Rs. 50.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs. 10/- Each |
Rs. 40.000
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share
Capital |
40.000 |
40.000 |
40.000 |
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2] Share
Application Money |
0.000 |
0.000 |
0.000 |
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3]
Reserves & Surplus |
760.581 |
529.395 |
372.000 |
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|
4]
(Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
800.581 |
569.395 |
412.000 |
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LOAN
FUNDS |
|
|
|
|
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1]
Secured Loans |
25.041 |
74.321 |
16.000 |
|
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2]
Unsecured Loans |
273.646 |
0.000 |
130.600 |
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TOTAL
BORROWING
|
298.687 |
74.321 |
146.600 |
|
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DEFERRED
TAX LIABILITIES |
8.689 |
9.309 |
0.000 |
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TOTAL
|
1107.957 |
653.025 |
558.600 |
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APPLICATION OF FUNDS
|
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|
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|
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FIXED ASSETS [Net Block]
|
404.141 |
248.526 |
135.500 |
|
Capital work-in-progress
|
27.404 |
9.026 |
0.000 |
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INVESTMENT
|
269.777 |
106.389 |
147.000 |
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DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
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Inventories
|
376.772
|
146.785
|
109.500 |
|
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Sundry Debtors
|
260.001
|
225.224
|
261.600 |
|
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Cash & Bank Balances
|
12.606
|
63.015
|
13.900 |
|
|
Other Current Assets
|
3.881
|
3.844
|
0.000 |
|
|
Loans & Advances
|
106.764
|
114.042
|
26.800 |
Total Current Assets
|
760.024
|
552.91 |
411.800 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
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Current Liabilities
|
353.389
|
223.826
|
135.700 |
|
|
Provisions
|
0.000
|
40.000
|
0.000 |
Total Current Liabilities
|
353.389
|
263.826
|
135.700 |
|
Net
Current Assets
|
406.635
|
289.084
|
276.100 |
|
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|
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MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
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TOTAL
|
1107.957 |
653.025 |
558.600 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
2416.641 |
1668.505 |
1121.200 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
455.407 |
305.974 |
211.600 |
Provision for Taxation
|
156.380 |
103.401 |
83.000 |
Profit/(Loss) After Tax
|
299.027 |
202.573 |
128.600 |
|
|
|
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|
Export Value |
588.652 |
314.125 |
N.A. |
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Import Value
|
948.351 |
593.824 |
N.A. |
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|
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Total Expenditure
|
1961.234 |
1362.531 |
909.600 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS
The sales during the financial year increased by 45% and
Profit & Loss before depreciation, interest and taxes increased by 54.18%
over last year. The company has been
able to contain interest and expenses at reasonable levels despite increase in
several input costs. The depreciation
has increased from Rs. 54.900 millions to Rs. 103.200 millions due to addition
to plant and machinery to meet increased sales and the indigenization
programme.
REVIEW OF BUSINESS PROSPECTS OF THE COMPANY
The Government policy on upgrading the emission norms to
Euro II has been introduced from April 2005.
But there are several delays expected in the provisioning of correct
fuel as a result of which implementation will be happening in a staggered
manner. The company is generally
expected to increase its customer base progressively in respect of Mahindra
& Mahindra, Eicher, Swaraj Mazda and General Motors.
DIVIDEND, APPROPRIATION & ADJUSTMENTS
Taking into account the carried forward profit of Rs. 34.700
millions, the total amount available for appropriation is Rs. 333.700 millions.
During the year, two interim dividends totaling to 150%
involving a dividend pay out of Rs. 60 millions [excluding applicable taxes on
distributed profits, amounting to Rs. 7.800 millions] have already been
paid. The directors are not
recommending any further dividend. The
interim dividends already paid are to be confirmed as dividend for the year.
A sum of Rs. 200 millions is proposed to be transferred to
General Reserve and the balance sum of Rs. 65.900 millions in the Profit and
Loss Account is proposed to be carried forward to the next financial year.
It is in trade terms with :
Ř Ashok Leyland
Ř BorgWarner Turbo Systems
Ř Bajaj Tempo Limited
Ř Swaraj Mazda
Ř Mahindra
Ř Eicher
Ř Hindustan Motors
FIXED ASSETS
Land
Buildings
Plant & Machinery
Furniture
Vehicles
WEBSITE DETAILS :
ABOUT US
Turbo Energy Limited
(TEL) with a sales turnover exceeding INR. 2,500 million, is India’s leading
manufacturer of turbochargers catering to the requirements of the automotive
industry. Being part of the reputed TVS Group of companies, TEL is equipped
with competitive advantage, sophisticated technology and skilled manpower to
consistently deliver products which are a cut above the rest. TEL has been successful
in bringing out an effective synergy in motivating and harnessing human
resource, develop and nurture a strong vendor base, commitment to quality,
cost, delivery, safety and customer satisfaction. TEL has a strong presence in
the automotive industry in India.
TEL has been able to achieve customer satisfaction by being able to provide
products and services of high quality at globally competitive prices.
The company has made a remarkable impression in the automotive industry within
a short span of time.
In line with the corporate commitments of the TVS Group, TEL has a firm
commitment towards its stakeholders, thereby ensuring sustained growth of the
organization. TEL also recognizes its vendors as partners in progress.
In tune with the corporate ethics and the specific requirements of the
Automotive Industry TEL ensures a fair deal to its Stakeholders, enabling
thereby to add new clients to its ever widening clientele.
Emphasizing
team work, trust and care among the employees, TEL always strives for higher
standards of performance.
PROFILE
TEL was established in 1982. A joint venture between Brakes
India, Sundaram Finance Limited & Borg Warner Turbo Systems (formerly known
as K
nle,
K
pp
& Kausch), thereby being part of the TVS conglomerate, TEL is today a
leading Turbocharger supplier to all OEMs operating in India. TEL has been able to retain its market
presence due to its Quality, Delivery and Price.
They have a comprehensive
product range which caters to the requirements of passenger cars, commercial
vehicles, off-highway vehicles and stationary engines. Their range of turbochargers is suitable for
engines with displacement from 1.4 lt To 24 lt.
PRODUCTS
In exhaust gas turbo
charging, part of exhaust gas energy, which would normally be wasted is used to
drive a turbine. The turbine shaft is connected to a compressor, which draws in
combustion air, compresses it, and then supplies it to the engine. The
increased air supply enables more fuel to be burnt, hence the engine develops
higher power. Increased air availability improves combustion of fuel, thus
leading to lower fuel consumption and less emission.
The advantages of modern
turbocharged engine, compared to naturally aspirated engines of identical power
output are as follows:
Better
Power and Torque characteristics
Lower
emission
Lower
weight and a smaller engine package
Lower fuel
consumption
Lower
engine noise
Reduced
power loss at high altitude
As a result,
turbochargers contribute significantly to the protection of the environment and
the better utilization of energy resources.
Construction and Function
of a Turbocharger
A turbocharger comprises of a compressor and a turbine. The turbine and
compressor wheels are mounted on a common shaft. This sub-assembly is known as
the rotor. The rotor is supported by journals housed in the central housing.
The turbocharger turbine consists of the turbine wheel and turbine housing. The
engine exhaust gases are directed to the turbine wheel via. Turbine housing.
The energy available in the exhaust gas is converted into kinetic energy by the
turbine housing and is used for driving the turbine wheel and compressor wheel
as both are mounted on common shaft.
The compressor consists
of the compressor wheel and compressor housing. Whenever the compressor wheel
rotates, the air is drawn axially, and delivered radically at a higher pressure
to the intake manifold. Increase in pressure also results in increase in
temperature. To reduce the compressed air temperature, some of the turbocharged
engines use an after cooler.
For reasons of improved
drivability, a smaller turbine size is chosen such that sufficient boost
pressure is available at low speeds. In such cases, part of the exhaust gas is
by-passed once the required boost pressure is reached. This is achieved by
opening a valve operated by a spring-loaded diaphragm (actuator assembly).
Quality System
TEL is a QS – 9000
certified company by Bureau Veritas Quality International. TEL ensures
stringent quality norms are followed so as to deliver the best products to its
customers. This spirit is reflected in the sound quality policy followed by the
company.
Quality Policy
They, at Turbo Energy
Limited are committed to total quality. They shall achieve this by identifying
and meeting customer needs which should include his expectations on quality,
delivery and price. They will strive to help preserve environment through our
products.
R % D Centre
One
of the key areas of focus for TEL is its sound R&D facilities. An exclusive
Research and Development Centre for manufacturing and developing the
Turbochargers for Internal Combustion Engines is in operation, in Chennai,
South India. This R&D centre besides being self- sufficient with the
state-of the-art facilities.
Highlights of the centre:
Equipped with two Gas
Stands to test the complete characteristics of the Turbocharger On-line Data Acquisition
System to measure, store and analyze all requisite parameters like Pressures,
Temperatures, Air Flow, Oil Flow and Blow-by. This will ensure error-free
acquisition of data
The equipments are
capable of handling flow up to 0.8 m3/s and Pressure Ratio of 4.5:1 with a
highly sophisticated Oil-Free Screw Compressor
R & D Centre is
also capable of Engine testing and matching the requisite turbocharger based on
customer requirement. The facility has Eddy Current Dynamometers capable of
testing Engines up to 350 kW. This facility helps in matching the Turbochargers
with Engines within the shortest possible time
Equipped with state of
the art Noise Vibration Harshness (NVH) facilities analysis of the Noise and
Vibration aspects of the Turbochargers
Specially built Test
Rigs are used for conducting validation and endurance tests for Turbocharger
and its components under cold and hot environment conditions(-65ş C to 800ş C)
CADD Centre is equipped
with resources to handle various modeling soft wares like Pro-E, Catia and
Unigraphics and AutoCAD 2D. These are used in preparing 3D models and 2D
drawings to help development and manufacturing
R&D Centre is also
equipped with ANSYS, a Finite Element Analysis (FEA) package foe carrying out
Static and Dynamic Analysis of Turbocharger components.
Infrastructure
TEL
has a world-class manufacturing facility on a 75 acres complex, 100 km west of
Chennai.
Highlights
In this facility, TEL
has installed the capability to machine most of the important and critical components
of the turbocharger like compressor housing, turbine housing, bearing housing,
back plate, compressor wheel and turbine wheel. These installed facilities are
capable of machining these components to Micron accuracies on granite bed CNC
machines. Advanced features are provided in these machines with which variation
are avoided in the components due to atmospheric changes
TEL manufacturing unit
has a metrology lab equipped with destructive, non-destructive, non-contact
laser equipments to check/measure the components
To meet the high level
of cleanliness standards, the components are washed in high-pressure systems
and preserved with the Rust protective solutions
TEL has developed a
full fledged CAD center. The centre works with various platforms like CATIA,
PRO-E, Unigraphics and mechanical desktop
The entire
manufacturing facility is connected by the fibre-optic cables to transfer data
from the machines to the various locations
The critical components
are stored in automatic storage system which ensure first in
first out. The storage system is directly connected to the central network. The
stock levels are maintained and the reordering is done automatically
The assembly of the
turbocharger is done in a controlled and dust free atmosphere. Sensors and
controls are provided to ensure proper assembly of the turbocharger
Cell Concept
The
manufacturing facility is arranged in the latest cell-concept. Each machine and
the stations are provided with Poke-Yoke facility to approach a target of 0
PPM. To ensure excellent performance at high speeds, the turbochargers are
balanced in three stages, the turbine and compressor wheels are balanced first,
and then the assembly is balanced to reach their specified norms.
On time delivery
With
the strong manufacturing base TEL exports over 5 million turbocharger
components to European and American markets annually. The
products are delivered just-in-time to the customers from the warehouses
established in both the continents.
Technical Training
center
The
manufacturing facility is fully supported by the well -trained workforce. The
group runs a school and a technical training centre for the benefit of
employees. The employee’s skill sets are constantly upgraded by regularly
training at the technical school.
Communication and
connectivity
Communication
is accorded the utmost importance in TEL, and the manufacturing facility is
connected to the outside world by separate broadband cable, satellite
connection which provide the Video and audio conferencing facility with the
rest of the world. Further, Chennai Sea and the airport are connected to the
manufacturing facility by a good surface transport system.
Information System
TEL uses Information Technology
commensurate with Business Needs.
IT Facilities have been provided in all the
manufacturing units and offices.
They are using Lease Line as Primary link and
PAMA V-SAT Technology as a Secondary link, this links the Manufacturing sites
with the Corporate Office. A secured VPN Network through a service provider
links all the Regional Offices.
This Value Added Network with Internet
Service, facilitates e-mail, quick transfer of data, design drawings, stock
details, despatch and payment particulars from any location to another across
the Globe.
Customer Support
Customer
support at TEL involves education and training, which will prevent
failures/complaints and also extends to provide product service.
The
TEL Advantages:
Strong access to
world-class technology through collaboration with BWTS
In-house manufacturing
and development capability
Ensures swift customer
response
These factors enable TEL to offer the best turbo solutions to its customers.
Key feature of TEL in offering excellent customer support is to provide
responsive after market support.
Regional
offices in Calcutta, Chennai, Delhi and Pune in close co-ordination with
headquarters at Chennai, forms the backbone of customer service throughout
India. From these customers support centres our trained customer support
engineers will provide comprehensive training on turbochargers, complaint
handling on engines and vehicles and turbocharger inspection & failure
analysis. Our engineers from these four offices are available to provide
support to OEMs, OEM dealer, customers at their location on 24 X 7 basis.
The after-sales service throughout the country backs up this customer support
network.
Authorised
Service Centres:
TEL
has a wide network of Trained and Authorised service centres to support the after
market requirement of customers. TEL ASC network currently covers all major
centres in the country and is growing.
ASC are established and monitored by TEL, they are equipped with all the
necessary tools and equipment's, the technicians are TEL trained and have stock
of TEL genuine parts required for providing quality, efficient, timely and cost
effective service to the customers.
Distribution Network:
A
network of 4 Distributors with over 130 branches provides the largest
distribution channel for spares requirement in the after market. These branches
are located in all major towns and potential areas in the Country.
CONTACT US
|
Marketing and ER & D Vice President Phone : 91-44-2652 9903 Fax : 91-44-2625 9171 E-Mail : marketing@turboenergy.co.in |
Manufacturing Executive Vice President Phone :
91-4172-278308 Fax : 91-4172-262483 E-Mail : mfg@turboenergy.co.in |
|
Commercial Executive Vice President Phone : 91-44-24318812 Fax : 91-44-24320307 E-Mail : pgcvendor@turboenergy.co.in |
Finance and IT Vice President Phone : 91-44-24318789 Fax : 91-44-24325640 E-Mail : telfincorp@turboenergy.co.in |
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
records 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.74 |
|
UK Pound |
1 |
Rs.86.68 |
|
Euro |
1 |
Rs.58.71 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP
CAPITAL |
1~10 |
7 |
|
OPERATING
SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT
LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT
POINTS |
|
|
|
--BANK
CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER
ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT
POINTS |
|
|
|
--SOLE
DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT
ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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
and their relative weights (as indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists.
Caution needed to be exercised |
Credit not recommended |