MIRA
INFORM REPORT
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Report Date : |
16.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
CONTROLS AND SWITCHGEAR COMPANY LIMITED |
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Registered Office : |
222, Okhla Industrial Estate, New Delhi – 110 020 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
15.06.1971 |
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Com. Reg. No.: |
55 - 5672 |
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CIN No.: [Company
Identification No.] |
U31909DL1971PLC005672 |
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Legal Form : |
A Closely held Public Limited Liability Company |
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Line of Business : |
Manufactures and Exporters of Switchgear and Control Instruments |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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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 2581395 |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Control Group, a well-established industrial house. Directors are reported as experienced, respectable and resourceful industrialists. Their trade relations are reported as fair. General financial position is satisfactory. Payments are reported as slow but correct. The company can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
222, Okhla Industrial Estate, New Delhi - 110 020, India |
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Tel. No.: |
91-11-30887520/ 30887529 |
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Fax No.: |
91-11-26847154/ 26829063/ 26848241/ 26847342 |
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E-Mail : |
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Website : |
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Location : |
Industrial |
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International Business Division : |
222, Okhla Industrial Estate, New Delhi - 110 020, India |
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Tel. No.: |
91-11-41613503/ 26918834 |
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Fax No.: |
91-11-26848241/ 26847342 |
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E-Mail : |
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Location : |
Industrial |
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Factory : |
Unit – I A-7, Sector VIII, Gautam Budh Nagar, Noida - 201 301, Uttar Pradesh, India Tel.No: 91-120-3914301/ 3914302 Fax No.: 91-120-3914303 Unit – II C-59, Phase 2, Gautam Budh Nagar, Noida - 201 305, Uttar Pradesh, India Tel. No.: 91-120-3048800/ 3048802 Fax No.: 91-120-3048709 Unit – III B-1, Site IV, Surajpur Industrial Area, Kansa Road, District Gautam Budh Nagar, Noida – 201 305, Uttar Pradesh, India Tel. No.: 91-120-2567106/ 2567110 Fax No.: 91-120-2562155 Control and
Switchgear Contractors Limited C-58, Phase – II, Dist. Gautam Budh Nagar, Noida – 201 305, Uttar Pradesh, India Tel. No. : 91-120-2567106/ 2567110 Fax No.: 91-120-2562155 |
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Central Marketing Office : |
C and S Protection
Control Limited 44, Okhla Industrial Estate, New Delhi - 110 020, India |
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Tel. No.: |
91-11-30883763/ 26935867/ 26935876/ 26326991/ 26326996 |
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Fax No.: |
91-11-26326993 |
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E-mail : |
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Website : |
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Group Companies : |
Wago and
Controls India Private Limited C – 27, Sector – 58, Dist. Gautam Budh Nagar, Noida – 201 301, Uttar Pradesh, India Tel. No.: 91-120-2580408/ 2580410/ 2580873 Fax No : 91-120-2580081 E-mail: info@wagoindia.com Website : http://www.wagoindia.com
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Group Companies : |
Leroy Somer and
Controls India Private Limited C- 60, , Phase – II, Dist. Gautam Budh Nagar, Noida – 201 301, Uttar Pradesh, India Tel. No. : 91-120-2567114/ 2567117 Fax No: 91-120-2562150/ 2567736 E-mail : contact@controlsindia.com
Website : http://www.leroysomer.com
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Group Companies : |
C and S Gewiss India Private Limited 222, Okhla Industrial Estate, New Delhi - 110 020, India Tel. No. : 91-11-30887520/ 30887529 Fax No: 91-11-26848241/ 26847154/ 26319467 E-mail : rsaigal@controlsindia.com Website : http://www.gewiss.com |
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Branch Office : |
Ludhiana Walia Complex, 1st Floor, Opp. Aroma Market, Dugri Road, Ludhiana- 141 002, Punjab, India Tel. No.: 91-161-2501637/ 2492086 Fax. No.: 91-161-2501637 Indore No. 56, 1st Floor, Gita Chambers, 7/A RatlamKhothi, Near Geeta Bhavan Square A. B. Road, Indore- 452 018, Madhya Pradesh, India Tel. No.: 91-731-25035761 Fax. No.: 91731-25035761 Mobile No.: 91-9826195288 Jaipur 16 Purohit Ji Ka Bagh, Gopinath Marg, Jaipur- 302 001, Rajasthan, India Tel. No.: 91-141-2370078 E-mail: thecontrol@sify.com Lucknow Flat No. 304, Uphar Udyan-1, Sector- 1, ELDECO, Jail Road, Lucknow- Uttar Pradesh, India Tel. No.: 91-522-2446023 Mobile No.: 91-9415023825 E-mail: lucknow@controlsindia.com Eastern Region
Kolkata Merlin House, 4th Floor, 79, Sambhu Nath Pandit Street, Kolkata- 700 020, West Bengal, India Tel. No.: 91-33-24854159/ 24854371/ 24854607 Fax No.: 91-33-24854371 E-mail: tciltd@vsnl.net Bhubaneswar 86, Satya Nagar, 1st Floor, Bhubaneswar- 751 007, Orissa, India Tel. No: 91-674-2507265 Fax No.: 91-674-2507265 Mobile No.: 91-9437041538 E-mail: ctlbbsr@sanchar.net.in Western Region
Mumbai A-301/302, 3rd Floor, Nav Bharat Estate, Zakaria Bunder Raod, Sewri (West), Mumbai- 400 015, Maharashtra, India Tel. No.: 91-22-24114727/ 24114728/ 24127639 Fax No.: 91-22-24126631 E-mail: mumbai@controlsindia.com Pune Block No. 1, Stilt Floor, Aquarius House, CTS No. 298, Plot No. 65, Shilavihar Colony, Pune- 411 038, Maharashtra, India Tel. No.: 91-20-25444822/ 25444824 Fax No.: 91-20-25410820 E-mail: cipune2@vsnl.net Ahmedabad Premium House, B-801, Opp. Gandhigram Railway Station, Ellisbridge, Ahmedabad- 380 009, Gujarat, India Tel. No.: 91-79-26589132/ 1425 Fax No.: 91-79-26589132 E-mail: tcahm@icenetnet Baroda 603/604, Citadel, Windsor Plaza, R. C. Dutt Road, Baroda- 390 005, India Tel. No.: 91-265-2339479/ 2356293 Fax No.: 91-265-2338754 E-mail: controlsbrd@icenet.net Bangalore N-607, North Block, Rear Wing, Manipal Centre,47 Dickenson Road, Bangalore- 560 042, Karnataka, India Tel. No.: 91-80-25586147/ 4839/ 25594939 Fax No.: 91-80-25584839/ 6147 E-mail: Bangalore@controlsindia.com Southern Region 18, Dr. Guru Swamy Road, Chetpet, Chennai- 600 031, Tamilnadu, India Tel. No.: 91-44-26426475/ 6572/ 26415579 Fax No.: 91-44-26411972 E-mail: chennai@controlsindia.com Secunderabad 3rd Floor, Sector- III, 126, Jaya Mansion, Opp. Paradise Kamat, S. D. Road, Secunderabad- 500 003, Andhra Pradesh, India Tel. No.: 91-40-27813003/ 55332304 Fax No.: 91-40-27812987 E-mail: control_lv@satyam.net.in Coimbatore G-1, 1st Floor, 1050 Damodar Centre, Avinashi Road, Coimbatore- 641 018, Tamilnadu, India Tel. No.: 91-422-2213837/ 7514 Fax No.: 91-422-2217514 E-mail: coimbatore@controlsindia.com Kochi Beeta Plaza Building, Door No. 41/487-A, Krishnaswamy Road, Kochi- 682 035, Kerala, India Tel. No.: 91-484-2351125 Fax No.: 91-484-2351125 E-mail: cochin@controlsindia.com |
DIRECTORS
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Name : |
Mr. Prem Nath Khanna (Justice Ret.) |
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Designation : |
Chairman |
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Address : |
13, Ishwar Nagar, Mathura Road, New Delhi – 110 065, India |
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Date of Birth/Age : |
28.01.1912 |
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Date of Appointment : |
01.07.1974 |
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Name : |
Mr. Ravinder Nath Khanna |
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Designation : |
Managing Director |
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Address : |
C-69, Friends Colony, Mathura Road, New Delhi – 110 065, India |
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Date of Birth/Age : |
28.01.1940 |
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Date of Appointment : |
15.06.1971 |
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Name : |
Mr. Ashok Khanna |
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Designation : |
Director |
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Address : |
14, Ishwar Nagar, Mathura Road, New Delhi – 110 065, India |
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Date of Birth/Age : |
31.08.1945 |
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Date of Appointment : |
15.06.1971 |
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Name : |
Mrs. Sushila Khanna |
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Designation : |
Director |
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Address : |
13, Ishwar Nagar, Mathura Road, New Delhi – 110 065, India |
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Date of Birth/Age : |
20.03.1920 |
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Date of Appointment : |
15.06.1971 |
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Name : |
Mr. Kanwal Khanna |
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Designation : |
Director |
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Address : |
C-69, Friends Colony, Mathura Road, New Delhi – 110 065, India |
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Date of Birth/Age : |
07.10.1946 |
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Date of Appointment : |
01.06.1985 |
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Name : |
Mrs. Anju Khanna |
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Designation : |
Director |
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Address : |
14, Ishwar Nagar, Mathura Road, New Delhi – 110 065, India |
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Date of Birth/Age : |
01.06.1985 |
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Date of Appointment : |
01.06.1985 |
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Name : |
Mr. Rishi Khanna |
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Designation : |
Director |
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Address : |
C-69, Friends Colony, Mathura Road, New Delhi – 110 065, India |
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Date of Birth/Age : |
18.12.1973 |
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Date of Appointment : |
19.04.1999 |
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Name : |
Mr. Anuj Khanna |
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Designation : |
Director |
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Address : |
14, Ishwar Nagar, Mathura Road, New Delhi – 110 065, India |
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Date of Birth/Age : |
12.07.1973 |
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Date of Appointment : |
19.04.1999 |
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Name : |
Mr. Aditya Khanna |
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Designation : |
Director |
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Address : |
14, Ishwar Nagar, Mathura Road, New Delhi – 110 065, India |
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Date of Birth/Age : |
12.06.1978 |
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Date of Appointment : |
17.01.2005 |
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Name : |
Mrs. Radhika Kapoor |
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Designation : |
Director |
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Address : |
C – 19, Friends Colony, Mathura Road, New Delhi – 110 065, India |
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Date of Birth/Age : |
12.01.1971 |
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Date of Appointment : |
24.07.2006 |
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Name : |
Mr. Bharat Bhushan |
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Designation : |
Director |
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Address : |
Flat No. 634, Airforce and Naval Officers Enclave, Plot No. 11, Sector 7, Dwarka, New Delhi – 110 075, India |
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Date of Birth/Age : |
26.08.1936 |
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Date of Appointment : |
20.05.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
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Names of Shareholders |
No. of Shares |
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Mr. Ravinder Nath Khanna |
1036456 |
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Mr. Ashok Khanna |
960824 |
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Mrs. Sushila Khanna |
456218 |
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Mr. Ravinder Nath Khanna and Sons (HUF) |
158400 |
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Mr. Ashok Khanna and Sons (HUF) |
158400 |
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Mrs. Radhika Kapoor |
63000 |
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Mr. Rishi Khanna |
63000 |
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Mr. Aditya Khanna |
63000 |
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Mr. Anuj Khanna |
63000 |
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Deutsche Bank AG |
112000 |
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Neeru Holding Private Limited |
1600 |
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Total |
3135898 |
Equity share breakup (Percentage of total equity)
As on 31.03.2007
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Sr. No. |
Category |
Percentage |
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1. |
Nationalised or other banks |
3.57 |
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2. |
Directors or relatives of directors |
96.41 |
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3. |
Other top fifty (50) shareholders (other than listed above) |
0.02 |
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Total |
100.00 |
LIST OF ALLOTTEES
As on 14.07.2008
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Names of Shareholders |
No. of Shares |
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GE Equity International Mauritius |
336984 |
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Total |
336984 |
BUSINESS DETAILS
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Line of Business : |
Manufactures and Exporters of Switchgear and Control Instruments |
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Products : |
Ø Air Circuits Breakers 6300A., 660V Ø Moulded Case Circuit Breakers 5A to 1200A Ø Switch Disconnector Units Fuse 32A to 800a., 690V Ø Switch Disconnector 25A-315A., 1000V Ø On-load Changeover Switches 25A-315A., 690V Ø Electronic Motor Protection Relay Ø HRC Fuse Links and Base upto 630A Ø Contactors Ø Overlaod Relays Ø Motor Starters Ø Control and Signalling Devices and Control Stations Ø Manual Motor Starter Ø Accessories : v
Auxiliary Switch v
Shunt Release v
Under Voltage Release v
Position and Indication
Micro-Switch v
Capacitor Trip v
Machincal Inter-Lock Kit v
Different types of Busbar
Termination Kit Ø Auxiliary Switch Contact (AX) Ø Alarm Switch Contact (AL) Ø Shunt Release Devise (SHT) Ø Under Voltage Release Devices (UVT) Ø Insulation Barrier Ø External Operating Handle Ø Auxiliary Contacts, Key Lock, Castle Lock, Terminal Shrouds, changeover Mechanism etc. Ø Flexi Module PCC Ø Bus Ducts Ø Generator Protection Relays Ø Feeder Protection Relays Ø Transformers Protection Relays Ø Motor Protection Relays Ø Synchronization Relays Ø Automatic Mains Failure Relays
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Exports : |
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Countries : |
v Europe v North America v Korea v Japan |
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Imports : |
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Countries : |
v European Countries |
PRODUCTION STATUS
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Particulars |
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Unit |
Installed Capacity |
Actual Production |
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Switch Board, Control Panels & Motor Control |
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Nos. |
5000 |
2142 |
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Relays, Terminal & Switchgears |
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Nos./Kgs. |
2000000 |
578746 |
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Switchgear of all types |
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Nos. |
70000 |
81205 |
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Bus Ducts / Trunkey |
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Nos. |
9000 |
12647 |
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Silent Dgset |
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Nos. |
250 |
4 |
GENERAL
INFORMATION
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No. of Employees : |
1600 |
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Bankers : |
v State Bank of India Okhla Industrial Estate, New Delhi – 110 020, India v State Bank of India Noida, Uttar Pradesh, India v Standard
Chartered Bank Credit Risk Control, H-2, Connaught Circus, New Delhi – 110 001, India v IDBI Bank Indian Redcross Society Building, 1, Red Cross Road, New Delhi – 110
001, India |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Mr. Ashok Malik Chartered Accountants Address : 1st Floor, Sant Nagar, East of Kailash, New Delhi
– 110 065, India Internal Auditor J. C. Bhalla and Company Chartered Accountants Address : Nizamuddin West, New Delhi – 110 013, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000000 |
Equity shares |
Rs. 10/- each |
Rs. 50.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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3135898 |
Equity shares |
Rs. 10/- each |
Rs. 31.358 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
31.358 |
31.358 |
31.358 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
484.921 |
324.800 |
212.791 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
516.279 |
356.158 |
244.149 |
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LOAN FUNDS |
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1] Secured Loans |
362.466 |
177.357 |
155.658 |
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2] Unsecured Loans |
164.300 |
81.822 |
96.029 |
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TOTAL BORROWING |
526.766 |
259.179 |
251.687 |
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DEFERRED TAX LIABILITIES |
45.641 |
36.747 |
35.590 |
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TOTAL |
1088.686 |
652.084 |
531.426 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
408.613 |
310.505 |
222.658 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
55.799 |
57.274 |
78.131 |
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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 |
432.721
|
191.922 |
148.840 |
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Sundry Debtors |
657.846
|
445.383 |
333.708 |
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Cash & Bank Balances |
84.438
|
113.457 |
71.334 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
222.389
|
107.319 |
62.802 |
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Total
Current Assets |
1397.394
|
858.081 |
616.684 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
696.392
|
525.724 |
357.619 |
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Provisions |
76.728
|
48.052 |
32.469 |
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Total
Current Liabilities |
773.120
|
573.776 |
390.088 |
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Net Current Assets |
624.274
|
284.305 |
226.596 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
4.040 |
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TOTAL |
1088.686 |
652.084 |
531.426 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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|
Sales Turnover |
2205.799 |
1632.819 |
1055.344 |
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Other Income |
160.858 |
97.369 |
101.699 |
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Total Income |
2366.657 |
1730.188 |
1157.043 |
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Profit/(Loss) Before Tax |
218.750 |
157.778 |
70.665 |
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Provision for Taxation |
48.594 |
35.734 |
45.590 |
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Profit/(Loss) After Tax |
170.156 |
122.044 |
25.075 |
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Expenditures : |
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Raw Material Consumed |
1334.382 |
850.836 |
546.632 |
|
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Purchases made for re-sale |
130.363 |
80.869 |
70.202 |
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|
Increase/(Decrease) in Finished Goods |
(126.025) |
(7.669) |
(27.808) |
|
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Salaries, Wages, Bonus, etc. |
178.948 |
137.655 |
106.053 |
|
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Managerial Remuneration |
6.164 |
4.152 |
3.777 |
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Payment to Auditors |
0.167 |
0.152 |
0.144 |
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Interest |
27.144 |
21.069 |
25.230 |
|
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Insurance Expenses |
5.678 |
4.647 |
4.114 |
|
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Power & Fuel |
21.149 |
19.224 |
15.483 |
|
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Depreciation & Amortization |
27.184 |
16.124 |
13.001 |
|
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Other Expenditure |
542.753 |
445.351 |
329.550 |
|
Total Expenditure |
2147.907 |
1572.410 |
1086.378 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
7.19
|
7.05 |
2.17 |
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Net Profit Margin (PBT/Sales) |
(%) |
9.92
|
9.66 |
6.69 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
9.24
|
9.12 |
0.06 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
0.44 |
0.29 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.50
|
1.61 |
1.60 |
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Current Ratio (Current Asset/Current Liability) |
|
1.81
|
1.49 |
1.58 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
|
Name of the company |
CONTROLS AND SWITCHGEAR COMPANY LIMITED |
|
Presented By |
v Standard
Chartered Bank Credit Risk
Control, H-2, Connaught Circus, New Delhi – 110 001, India |
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1) Date and description of instrument creating the change |
Agreement of hypothecation of stocks and book debts dated 10.11.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 120.000 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
All stock in trade both present and future consisting of raw materials, finished goods, in process of manufacturing and other merchandise whatsoever and all present and future book debts, outstanding monies, receivables, claims and bills etc. shall be hypothecated to the bank by way of first charge on a pari passu basis. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest as may be determined by the bank from time to time |
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5) Name and Address and description of the person entitled to the charge. |
v Standard
Chartered Bank Credit Risk
Control, H-2, Connaught Circus, New Delhi – 110 001, India |
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6) Date and brief description of instrument modifying the charge |
Supplementary hypothecation agreement of stocks and book debts dated 24.02.2006 |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Bank’s first hypothecation pari passu charge over stocks and book debts shall stand enhanced from Rs. 120.000 millions to Rs. 250.000 millions all other terms and conditions remain unchanged. |
Form 8
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This form is for |
Modification of charge |
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Charge Identification (ID) number of the charge to be modified |
80003741 |
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Corporation identity number (CIN) or foreign company registrations number of the company |
U31909DL1971PLC005672 |
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Name of the company |
CONTROLS AND SWITCHGEAR COMPANY LIMITED |
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Address |
222, Okhla Industrial Estate, New Delhi – 110 011, India |
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Type of Charges |
v Movable property (not being pledge) v Others |
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Particular of the charge holder |
Name : Standard Chartered Bank Address: Credit Risk Control, Narain Manzil, Barakhamba Road City : New Delhi ISO country code : IN Pin code : 110 001 e-mail ID : suresh.nair@in.standardchartered.com |
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Nature or description of the instrument creating or modifying the charge |
Supplementary Hypothecation Agreement |
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Date of the instrument creating charge |
05.05.2008 |
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Whether charge created or modified outside India |
No |
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Amount Secure by the charge |
Rs. 535.000 millions |
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Brief particulars of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Rate of Interest and other charges as may be determined by the bank from time to time, Payable monthly. Terms of repayment Equal Quarterly Installments Two Year put / Call option on Interest rests allowed. Margin As per Agreement Extent and operation of the charge Pari Passu charge Others Tenor: Maximum upto 4 years including 6 months moratorium. |
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Short particulars of the Property charged |
Hypothecation by way of 1st charge over the whole of the fixed assets consisting of all such properties, Both present and future of the Bo. Situated at company’s premises, Godowns, Factories or wherever else. Including its movable plant and machinery, Machinery Spares, Tools and Accessories and other movables both present and future (Excluding Vehicles). |
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Whether any of the property or interest therein under reference is not registered in the name of the company |
No |
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Date of latest modification prior to the present modification |
30.11.2007 |
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Particulars of the present modification |
Bank’s first pari passu charge over all present and future movable fixed assets of the company, already REGD. For Rs. 460.000 millions shall stand enhanced to Rs. 535.000 millions. All other terms and conditions remaining the same. |
As Per Website Details
Subject was founded with a dream
and a determination to bring to India World-Class products and services for
power distribution, control, protection and generation. Over the last 41 years,
the Group has worked relentlessly towards this goal, and today with almost 20%
of the revenues coming from exports they have expanded the vision to being a
supplier of quality electrical products the world over.
Subject through its vision and imagination, strengthened by its continuous pursuit for excellence has brought under its umbrella, well proven and state-of-the-art technologies time tested to fulfill the stringent needs at vital installations in India and overseas.
The range of products extends from the 100% indigenous Low Voltage Switchgear and Controlgear, Busducts, Bus Trunking Systems, and Electronic Protection and Control Relays to the joint venture products such as Wago Interconnection Systems, Leroy Somer Alternators and the famous RS Industrial Mail Order Services.
All of them at Controls and Switchgear Group have made a commitment to the present and future customers regarding the quality of the products and customer support. They encourage the customers to expect "A World of Excellence" from them - they will deliver!
World Class Facilities
The C and S Group stretches across 12 manufacturing plants equipped with the latest machinery, elaborate tool rooms and extensive R and D facilities, manned by a highly motivated team of 2200 technocrats, engineering and marketing professionals complemented by the quality workmanship of its master craftsmen.
National and Global Presence
In recent years C and S has emerged as a truly international company. The efforts to reach out to the customers at their door steps is being met by a network of 17 regional/branch offices in major Indian cities and a strong distribution network of over 300 authorized stockiest across the length and breath of India. Across the globe Controls and Switchgear Group has over 100 distributors and its indigenous products are being exported to over 70 countries including developed markets like Europe, North America, Korea and Japan, something that is a record in the industry. Further the joint venture companies are also exporting large volumes back to the joint venture partners overseas. They also have contract manufacturing arrangements with multinationals.
Quality at Source
Major national and international certification agencies have repeatedly approved the products for quality assurance system.
All plants are already approved and accredited to ISO 9001 (2000) and 9002 by
Det Norske Veritas (DNV).
Most of the products are certified by the world famous ASTA, KEMA, UL, CSA and
Central Power and Research
Institute, India etc.
CSC STANDARD PRODUCT DIVISION
Subject the flagship company of the Group is renowned for the manufacture of
the most outstanding and comprehensive range of Air Circuit Breakers, Switch Fuse
Units, Disconnectors, Changeover Switches, Fuses and Moulded Case Circuit
Breakers. For the past several years, on their own, the Company is bringing
about numerous further improvements in the products which have a vast and
satisfactory clientele throughout the country. Most of these products are
exported regularly to different parts of the world.
CSC BUS DUCT and BUS TRUNKING DIVISION
The Company is a market leader in the country for design, manufacture, erection
and commissioning of Isolated, Segregated and Non-Segregated Generator Bus
Ducts upto 24 KV, 20 KA suitable for 500 MW power plants and above.
The Company also manufactures the widest range of maintenance free,
standardized and flexible Bus Trunking Systems equipped with single phase and 3
phase plug-in tap-off units for lighting or power distribution applications in
factories, professional premises, training centres, laboratories, departmental
stores, industrial buildings and multi-storeyed buildings. The System is modem,
highly efficient, cost effective, safe and time saving alternative to
traditional cabling.
Stores, industrial buildings and multi-storeyed buildings. The System is modem, highly efficient, cost effective, safe and time saving alternative to traditional cabling.
CSC SWITCH BOARD and
RELAY PANEL DIVISION
Subject has an
established reputation of being an outstanding manufacturer of standard and
custom-built Switch Boards, Motor and Power Control Centres and complete Relay
Panels Electrical Systems for automation and protection of power plants and
industries.
The credibility as specialists in designing, manufacturing, installing and
commissioning is developed from an on-going policy of investment in resources
and total commitment to the highest standards of quality.
Since most of the
switchgear and controlgear components like Circuit Breakers. Switches,
Contactors, Relays, Push Buttons, Current Transformers, Protective Relays,
Connectors and Terminal Blocks etc. are manufactured in-house by sister
companies of the Group, to world class standards, the added synergy that the
Company thus draws is passed on to the customers by way of quick deliveries,
reasonable prices and most efficient after sales service.
Trade Terms
Ø R. S. Controls and Components India Limited
Collaboration
|
Names |
Product |
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Vacon, Finland |
-- |
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Terasaki Electric Company Limited, Japan |
Air Circuit Breakers |
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Simelectro, France |
Isolated segregated and Non-segregated Generator Bus Ducts and Bus Trunking |
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ABB Stromberg, Finland |
Switches, Switchfuse Units and Load Break Switches |
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Zettler, Germany |
Miniature Relays - PCB Mounted |
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Whipp and Bourne, UK |
Shock Proof Air Circuit Breakers |
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La Telemecanique, France |
Contractors, Overload Relays, Motor Starters, Timers |
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A Van Kaick-SEG, Germany |
Alternators to 10KVA to 20 MW, Microprocessor based Protective Monitoring and Synchronizing Relays, Load Management Systems, Current and Potential Transformers, Captive Power Projects upto 20 MW and Multiples thereof. |
|
RS Components, U.K. |
Imported Electronic, Electrical and Mechanical Products |
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WAGO, Germany |
Terminal Blocks, Connectors, Electric Modules with Cage Clamp Spring. |
|
Denyo, Japan |
Soundproof, Environment Friendly Diesel Generators from 10 KVA to 1500 KVA |
|
Lindenberg-Anagen, Germany |
Diesel Captive Power Plants |
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Schaltanlagen Elektrinic Gerate GmbH and Company, Germany |
-- |
Press Releases
Controls buys Schneider in JV
New Delhi : The Rs. 2000.000 millions electrical engineering company Controls and Switchgear (CandS) group on Thursday said that it had acquired Schneider Electric's 38 percent equity stake in its French joint-venture Telemecanique and Controls India Limited With this buyout, the Control Groups total stake in the company is 76 percent.
The company, which was set up in 1984, manufactures and markets contactors and overload relays used in industrial control and automation systems. "This is a reflection of the confidence they have in the potential of the business and the products. This enhanced equity stake will allow them to independently set a strategic direction in the business with an international perspective, "said R.N.Khanna, CMD, C and S.
Khanna said the world market for contactors was estimated at around $5 billion, almost 100 times the size of the market in India. But, clearly, the domestic market is set to grow exponentially over the next five years. and, as Khanna adds, his company is set to leverage the potential with a major expansion drive over the next few years.
The other major players in the contactor space are Siemens and L and T. C and S has a market share of around 14 percent and is eyeing an increase of 5-6 percent to that figure by 2008.
Jewel in the Crown
Ravinder Nath Khanna, a Graduate in Electrical Engineering from IIT-Kharagpur (1962), is the founder and the Chairman and Managing Director of the Controls and Switchgear Group of Companies – founded with a dream and a determination to bring to India World-Class Products and Services for Power Generation, Distribution, Protection, Control and Automation.
Today, they are proud to offer a range second to none in the world. Currently,
the Group employs about 2000 people including 450 qualified and trained
Engineers. Besides meeting the requirements of the Indian Power and Industrial
Sector, the products are successfully exported to 70 countries around the
globe.
Although Mr. R. N. Khanna belongs to a family of renowned Judges and Doctors,
he realized at an early age that technological growth was going to change the
face of India and he wanted to be an instrument of that change. In 1966, he
established his company in the garage of his father’s house. Mr. Khanna also
ventured into the difficult area of Traffic Signals. Knowledge of sequential
switching and highof enclosures and lanterns, made him the solitary
manufacturer in this field to venture. Soon there were traffic signals in New
Delhi installed by him and his reputation from New Delhi once again grew and
within the next few years, they were in great demand throughout the country. In
1972, he had built his first plant at Okhla Industrial Estate, New Delhi
measuring 45000 sq.ft.
His successes made him go to Telemecanique of France (now belonging to
Schneider Group) and they agreed to join hands with him in the form of a joint
venture to manufacture the world’s most renowned range of contactors, overload
relays, motor starters etc. Mr. R.N. Khanna’s confidence and successes in
whatever he undertook, led him to diversify into the areas of electrical
industry and by the year 1985, his Company had signed a joint venture with AVK
of Germany to manufacture world-class generators from 10 KVA going up to 10
MVA. A Joint Venture was signed between GEWISS of Italy and his company in the
early 2004 and they are already in the process of setting up their 11th
manufacturing plant at a 5-acre plot of land in Hardwar Industrial Estate.
“It gives me great satisfaction that I have been able to create employment not
only for 2000 people who work with them, but 100s of others I personally
trained and who being in great demand, have been absorbed elsewhere including
in countries overseas”, says Mr. Khanna.
Mr. R. N. Khanna was the recipient of the President’s
Tamrapatra for excellence as an Entrepreneur; Past President of the Okhla
Industrial Estate and the past President of Indo-German Friendship Society
(Tangent Group). He has all along been actively associated in different forums
like CII, FICCI, ASSOCHAM, PHDCCI, IEEMA, Ministries of Power, Heavy Industry
etc. etc.
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 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 :
The 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.
The 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. 46.63 |
|
UK Pound |
1 |
Rs. 83.76 |
|
Euro |
1 |
Rs. 66.49 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
56 |
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
EXPLANATIONS
|
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. |
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 |
|
NR |
In view of the lack of information, they have no basis upon which to
recommend credit dealings |
No Rating |
|