1. Summary Information
|
|
|
Country |
|
|
Company Name |
MOSER BAER INDIA LIMITED |
Principal Name 1 |
Mr. Deepak Puri |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ratul Puri |
|
|
|
Registration # |
-- |
|
Street Address |
43 B, Okhla Industrial Estate, New Delhi, Delhi – 110 020, Delhi |
||
|
Established Date |
21.03.1983 |
SIC Code |
-- |
|
Telephone# |
91-11-41635201/
41635207 |
Business Style 1 |
Manufacturer of
CDR, CDRW, DVDRW, Micro Floppy Diskettes, Audio-Video Tape. |
|
Fax # |
91-11-41635211 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,683,061,000 |
Product Name 3 |
-- |
|
Shareholders |
|
Banking |
Canara Bank |
|
Public Limited Corp. |
-- |
Business Period |
27 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ba
(42) |
|
Related
Company |
|||
|
Relation
Subsidiaries |
Country
India |
Company
Name |
Solar Research Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
16,351,296,000 |
Current Liabilities |
7,999,081,000 |
|
Inventories |
6,140,673,000 |
Long-term Liabilities |
21,834,290,000
|
|
Fixed Assets |
17,709,816,000 |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
29,833,371,000 |
|
Invest& other Assets |
6,551,750,000 |
Retained Earnings |
15,237,103,000 |
|
|
|
Net Worth |
16,920,164,000 |
|
Total Assets |
46,753,535,000 |
Total Liab. & Equity |
46,753,535,000 |
|
Total Assets (Previous Year) |
46,925,932,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
20,574,909,000 |
Net Profit |
(362,067,000) |
|
Sales(Previous yr) |
21,811,041,000 |
Net Profit(Prev.yr) |
(1,508,661,000) |
MIRA
INFORM REPORT
|
Report Date : |
28.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
MOSER BAER INDIA
LIMITED |
|
|
|
|
Registered Office : |
43 B, Okhla
Industrial Estate, New Delhi, Delhi –
110 020, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
21.03.1983 |
|
|
|
|
Com. Reg. No.: |
55 – 15418 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs. 1683.061
millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
L51909DL1983PLC015418 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELM08254B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACM0322J |
|
|
|
|
Legal Form : |
Public Limited
Liability Company. The Company's Shares
are Listed on the Stock Exchanges. |
|
|
|
|
Line of Business : |
Manufacturer of
CDR, CDRW, DVDRW, Micro Floppy Diskettes, Audio-Video Tape. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
|
|
|
|
|
|
Maximum Credit Limit : |
USD 67000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well
established and a reputed company having satisfactory track. The profitability
of the company appears to be under pressure. However the networth appears to
be satisfactory. Trade relations are reported as fair. Business is active.
Payments are reported to usually correct and as per commitments. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/Corporate Office/ Head Office : |
43 B, Okhla
Industrial Estate, |
|
Tel No.: |
91-11-41635201/ 41635207/ 26911570 to 26911574/ 51635201/02/03/04/05/ 40594444 |
|
Fax No.: |
91-11-41635211/ 26911860 / 51635211 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative Office : |
|
|
Tel. No.: |
91-11-26832762 |
|
Fax No.: |
91-11-26849544 |
|
|
|
|
Factory 1 : |
BOM and M and ES 66, Udyog Vihar Industrial Area, Greater Noida – 201 301, |
|
Tel. No.: |
91-120-4386000 |
|
|
|
|
Factory 2 : |
PVTIL and MBPV 66B, SEZ Udyog Vihar, Greater Noida, |
|
Tel. No.: |
91-120-4658000 |
|
|
|
|
Factory 3 : |
BOM and M and ES A-164, Sector 80, Phase II, District Gautam Budh Nagar, |
|
Tel. No.: |
91-120-2460800 /
4307000 |
|
|
|
|
Factory 4: |
66, Nepz, Noida District, Gautam Buddha Nagar, |
|
Tel. No.: |
91-120-2567023-25
/ 4386347 |
|
Fax No.: |
91-120-2562117 / 4386850 |
|
|
|
|
Factory 5 : |
B-4, Nepz, Noida, Gautam Buddha Nagar,
|
|
Tel. No.: |
91-120-2567023-25 |
|
Fax No.: |
91-120-2562117 |
|
|
|
|
Factory 6 : |
B-17, Sector 9,
Noida, Gautam Buddha Nagar, |
|
Tel. No.: |
91-120-2521662 |
|
|
|
|
Factory 7 : |
OZ -2, Oz – 3, Oz
– 4, Hi-Techsez, Sipcot Industrial Park – 3, Oragadam, Sriperampudur Taluk,
Kanceepruam District – 602105, Tamilnadu, India |
|
|
|
|
International
Offices : |
Located at: v v v v |
|
|
|
|
Affiliate Offices
(International) |
Located at: v v US East Coast v |
|
|
|
|
Branch Office: |
Located at: v Mumbai v v v Kolkata v Chennai |
DIRECTORS
As On 31.03.2010
|
Name : |
Mr. Deepak Puri |
|
Designation : |
Chairman and Managing Director |
|
Address : |
A-187, New Friends Colony, |
|
Qualification
: |
B.Sc. Hons (Maths), B.Sc (Mechanical Engineering) |
|
|
|
|
Name : |
Mr. Ratul Puri |
|
Designation : |
Director |
|
Address : |
A-187, New Friends Colony, |
|
Qualification
: |
Bachelor’s degree in Maths and Computer Science. |
|
|
|
|
Name : |
Mr. Harnam D.
Wahi |
|
Designation : |
Director |
|
Address : |
M – 95, Greater Kailash, Part – 1, |
|
Qualification
: |
Bachelor of Arts, |
|
|
|
|
Name : |
Mrs. Nita Puri |
|
Designation : |
Director |
|
Address : |
A-187, New Friends Colony, |
|
Qualification
: |
B. Ed. |
|
|
|
|
Name : |
Mr. Prakash
Karnik |
|
Designation : |
Director |
|
Address : |
902, Glen Eagle, G. D. Ambedkar Marg, Mumbai – 400012, |
|
Qualification
: |
B. Tech. from Indian Institute of Technology, Diploma in Systems
Management from Mumbai University and Diploma in Financial Management
from Mumbai University |
|
|
|
|
Name : |
Mr. Rajesh Khanna |
|
Designation : |
Director |
|
Address : |
11, |
|
Qualification
: |
B.Com from Chartered Accountant and MBA from IIM, Ahmedabad., |
|
|
|
|
Name : |
Mr. Bernard
Gallus |
|
Designation : |
Director |
|
Address : |
C/Del Rio Escalona 9 E-03739 Javea/Alicante |
|
Qualification
: |
|
|
|
|
|
Name : |
Mr. Arun Bharat
Ram |
|
Designation : |
Director |
|
Address : |
1, |
|
Qualification
: |
Graduate in Industrial Engineering from |
|
|
|
|
Name : |
Mr. John Levack |
|
Designation : |
Director |
|
Address : |
1110, Jardine House, 1, |
|
Qualification
: |
Degree in Business Administration from |
|
|
|
|
Name : |
Ms. Minni Katariya |
|
Designation : |
Director |
|
|
|
|
Name : |
Dr. Vinayshil Gautam |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. F E Dangeard |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Viraj Sawhney |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name
: |
Mr. Deepak Puri |
|
Designation
: |
Chairman and Managing Director |
|
|
|
|
Name
: |
Mr. Ratul Puri |
|
Designation
: |
Executive Director |
|
|
|
|
Name
: |
Mr. Rakesh Govil |
|
Designation
: |
President Corporate Strategy and Business
Development |
|
|
|
|
Name
: |
Mr. Yogesh B Mathur |
|
Designation
: |
Group Chief Financial Officer |
|
|
|
|
Name
: |
Mr. Rajiv Arya |
|
Designation
: |
CEO - Moser Baer Photovoltaic Limited |
|
|
|
|
Name
: |
Mr. VC Agerwal |
|
Designation
: |
CEO (Operations), Moser Baer Photovoltaic Limited |
|
|
|
|
Name
: |
Mr. Harish Dayani |
|
Designation
: |
CE - Entertainment Division |
|
|
|
|
Name
: |
Mr. Bhaskar Sharma |
|
Designation
: |
CE - Blank Optical Media and Consumer Products |
|
|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2011
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
27,217,641 |
16.17 |
|
|
|
|
|
|
|
|
|
|
202,500 |
0.12 |
|
|
|
|
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
454,075 |
0.27 |
|
|
17,177 |
0.01 |
|
|
140,000 |
0.08 |
|
|
46,045,532 |
27.36 |
|
|
|
|
|
|
|
|
|
|
8,962,479 |
5.33 |
|
|
|
|
|
|
|
|
|
|
26,711,367 |
15.87 |
|
|
3,375,721 |
2.01 |
|
|
|
|
|
|
|
|
|
|
1,335,565 |
0.79 |
|
|
- |
- |
|
|
6.911 |
- |
|
|
53,837,136 |
31.99 |
|
|
|
|
|
Total |
168,306,104 |
100.00 |
(1) Indian
Individuals / Hindu Undivided Family
Individual shareholders holding nominal share
capital up to Rs. 0.100 million
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
CDR, CDRW, DVDRW, Micro Floppy Diskettes, Audio-Video Tape. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
||||||||||||
|
|
|
||||||||||||
|
Brand Names : |
"Xydan" |
||||||||||||
|
|
|
||||||||||||
|
Exports : |
|
||||||||||||
|
Countries : |
v v UAE v v Luxemburg v v v v v v v v The v v v
|
||||||||||||
|
|
|
||||||||||||
|
Imports : |
|
||||||||||||
|
Countries : |
v v v v
|
PRODUCTION STATUS (As on : 31.03.2010)
|
Particulars |
Unit |
*Installed
Capacity |
Actual
Production |
|
Storage Media # |
(Nos.) |
483860156 |
4003776118 |
|
LCD TV |
(Nos) |
182500 |
2005 |
# (Inclusive of installed capacities for jewel box cake boxes and
stamper)
* As certified by the management and on which auditors have placed
reliance, this being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
5013 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Banking
Relations : |
Good |
|
|
|
|
Auditors : |
|
|
Name : |
K. C. Khanna and
Company Chartered
Accountants |
|
|
|
|
Membership: |
Confederation of
Indian Industry |
|
|
|
|
Associates : |
v
Global
Data Media FZ-LLC, P. O. Box No. 500289, Line of Business
: Storage Media v Moser Baer Infrastructure Limited v Moser Baer Infrastructure and Developers Limited |
|
|
|
|
Joint Ventures |
v Solar Value Proizvodjna Limited |
|
|
|
|
Trust: |
Moser Baer Trusty |
|
|
|
|
Subsidiaries : |
v European Optic Media Technology GMBH v Omega Optical Media Technologies v Moser Baer SEZ Developer Limited v Solar Research Limited v Moser Baer Energy Limited v Moser Baer Entertainment Limited v Moser Baer Infrastructure and Developers Limited v Moser Baer Investments Limited v Photovoltaic Holdings Plc v Moser Baer Solar Plc v
PV Technologies v Moser Baer Photovoltaic Limited v Perafly Limited v Dalecrest Limited v Nicofly Limited v Perasoft Limited v Crownglobe Limited v Peraround Limited v Advoferm Limited v
Cubic v TIFTON Limited v Value Solar Energy Private Limited v Pridee Solar Systems Private Limited v Admire Energy Solutions Private Limited v Arise Solar Energy Private Limited v Hamel Limited v Zesa Limited v Tucker Limited v
v Competent Solar Energy Private Limited v
Moser Baer Technologies v Moser Baer Infrastructure and Developers limited v Global Data Media FZ LLC v Moser Baer Infrastructure Limited v Solar Value Proizvodjna d.d v Moser
Baer Trust |
CAPITAL STRUCTURE
(As on 31.03.2010)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
207500000 |
Equity Shares |
Rs. 10/- each |
Rs. 2075.000 millions |
|
750000 |
Preference Shares |
Rs. 100/- each |
Rs. 75.000 millions |
|
|
Total |
|
Rs. 2150.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
168306104 |
Equity Shares |
Rs. 10/- each |
Rs. 1683.061 millions |
Note:
- Above Includes 25000 Equity Shares of Rs. 10 each issued as fully
paid Bonus Shares by capitalization of General Reserve.
- In the year 2007-08 the company issued fully paid bonus shares to
the equity shareholders of the company in the ration of one bonus share
for two existing fully paid shares by capitalizing the sum standing to the
credit of company’s general reserve. Consequently the company has allotted
56007035 equity shares which also include 127975 equity shares against
options exercised after the record date.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1683.061 |
1683.061 |
1682.311 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
15237.103 |
15150.682 |
18013.183 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
16920.164 |
16833.743 |
19695.494 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
16750.167 |
14875.285 |
16124.959 |
|
|
2] Unsecured Loans |
5084.123 |
8548.818 |
10048.336 |
|
|
TOTAL BORROWING |
21834.290 |
23424.103 |
26173.295 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
91.604 |
|
|
|
|
|
|
|
|
TOTAL |
38754.454 |
40257.846 |
45960.393 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17709.816 |
24396.351 |
26655.909 |
|
|
Capital work-in-progress |
558.661 |
1671.480 |
1720.931 |
|
|
|
|
|
|
|
|
INVESTMENT |
5993.089 |
2770.122 |
3708.932 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6140.673 |
6296.740 |
6179.827 |
|
|
Sundry Debtors |
6389.862 |
3512.827 |
3150.595 |
|
|
Cash & Bank Balances |
2328.944 |
4341.547 |
6387.455 |
|
|
Other Current Assets |
65.433 |
99.120 |
134.220 |
|
|
Loans & Advances |
7567.057 |
3837.745 |
2419.178 |
|
Total
Current Assets |
22491.969 |
18087.979 |
18271.275 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2781.030 |
2372.907 |
3673.446 |
|
|
Other Current Liabilities |
3770.046 |
2937.968 |
0.000 |
|
|
Provisions |
1448.005 |
1357.211 |
723.208 |
|
Total
Current Liabilities |
7999.081
|
6668.086
|
4396.654
|
|
|
Net Current Assets |
14492.888 |
11419.893 |
13874.621 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
38754.454 |
40257.846 |
45960.393 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
20574.909 |
21811.041 |
18997.888 |
|
|
|
Other Income |
2296.944 |
1438.135 |
1219.042 |
|
|
|
TOTAL (A) |
22871.853 |
23249.176 |
20216.930 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Finished Goods |
867.069 |
1520.798 |
557.849 |
|
|
|
Raw Materials and Components Consumed |
7087.770 |
7882.894 |
7164.286 |
|
|
|
Packing Materials Consumed |
1726.463 |
2192.297 |
2000.195 |
|
|
|
Stores, Spares and Tools Consumed |
662.940 |
762.459 |
988.103 |
|
|
|
Personnel Expenses |
2264.765 |
2227.980 |
1893.094 |
|
|
|
(Increase)/ decrease in Finished Goods |
(130.557) |
(195.472) |
(1025.059) |
|
|
|
Administration and other Expenses |
4052.011 |
4274.642 |
3280.885 |
|
|
|
Cost of Film Production |
81.007 |
144.295 |
17.781 |
|
|
|
Exceptional Items |
(88.231) |
(1001.343) |
0.000 |
|
|
|
TOTAL (B) |
16523.237 |
17808.550 |
14877.134 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6348.616 |
5440.626 |
5339.796 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1868.342 |
2053.159 |
1793.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4480.274 |
3387.467 |
3546.225 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4918.860 |
4971.431 |
4315.866 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(438.586) |
(1583.964) |
(769.641) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
(76.519) |
(75.303) |
(1558.731) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
(362.067) |
(1508.661) |
(789.090) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
-- |
260.111 |
|
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
NA |
|
|
|
|
Transfer to General Reserve |
(479.823) |
(1368.784) |
|
|
|
|
Proposed divined on equity shares |
100.984 |
101.059 |
|
|
|
|
Corporate tax on proposed dividend |
16.772 |
17.175 |
|
|
|
BALANCE CARRIED
TO THE B/S |
(479.823) |
(1366.784) |
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
12729.287 |
13158.427 |
12965.334 |
|
|
|
Interest |
44.463 |
102.324 |
0.000 |
|
|
|
Other Earnings |
281.930 |
1929.805 |
178.653 |
|
|
TOTAL EARNINGS |
13055.680 |
15190.556 |
13143.987 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of finished goods |
565.682 |
1043.916 |
|
|
|
|
Raw material including in transit |
5426.257 |
6185.029 |
|
|
|
|
Stores, Spares & consumables including in transit |
563.560 |
636.123 |
NA |
|
|
|
Capital Goods including in transit |
373.111 |
815.020 |
|
|
|
|
Packing material, including in transit |
631.757 |
673.203 |
|
|
|
TOTAL IMPORTS |
7560.367 |
9353.291 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.15) |
(8.96) |
(4.70) |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2010 (1st Quarter) |
30.09.2010 (2nd Quarter) |
31.12.2010 (3rd Quarter) |
|
Net Sales |
4571.200 |
5157.500 |
4410.500 |
|
Total Expenditure |
4132.600 |
4462.600 |
4145.600 |
|
PBIDT (Excl OI) |
438.600 |
694.900 |
264.900 |
|
Other Income |
118.700 |
73.500 |
49.200 |
|
Operating Profit |
557.300 |
768.400 |
314.100 |
|
Interest |
460.000 |
486.100 |
500.200 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
PBDT |
97.300 |
282.300 |
(186.100) |
|
Depreciation |
975.700 |
999.200 |
970.800 |
|
Profit Before |
(878.400) |
(716.900) |
(1156.900) |
|
Tax |
0.000 |
0.000 |
0.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
|
Profit after Tax |
(878.400) |
(716.900) |
(1156.900) |
|
Extraodinary Items |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
(878.400) |
(716.900) |
(1156.900) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(1.58)
|
(6.49)
|
(3.90) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.13)
|
(11.44)
|
(4.05) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.09)
|
(3.73)
|
(1.71) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03)
|
(0.15)
|
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.76
|
1.79
|
1.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.81
|
2.71
|
4.16 |
LOCAL AGENCY FURTHER INFORMATION
PRESS RELEASE:
Maser Baer releases - "Khichdi - The Movie, a collector% delight for home
Viewers in CD & DVD formats
- Watch the Parem family of "Khichdi - The movie" at youp hame in original format at an affordable price
- The cast and crew promote original content by
destroying pirated CD and DVDs
ofthe movie
Mumbai, November 15, 2010 : Moser Baer Entertainment Limited (MBEI,) today released the hit comedy, "Khichdi - The Movie", an extension of the hit IV comedy serial 'Khichdi' and Instant Khichdi', on DVD and VCD formats, The endearing cast and crew of the film including the Pare& family Hansa Parekh (Supriya Pathak), 'Tulsidas Parekh aka Babuji (Anang Desai) and Praful Parekh (Rajeev Mehta) and Director Aatish Kapadia destroyed pirated CDs of the movie as a strong protest against the piracy at Planet M outlet in Mumbai. The movie which has done well or1 theatre circuit will now be available for the consumers wanting to watch the movie at home.
MBEL will release a significant number of VCDs & DVDs of the movie to cater to the one
Of the mast expected movies in the home video segment.
Harish Dayani, CEO, MBEL said, "We are very excited with the release of this endearing comedy, 'Khichdi - The Movie', far the home video segment. A great Family entertainer, this is the perfect movie for the festive season and also makes for a great gifting option. We have been trying to optimize the window between theatrical and
home video release and this launch today is another perfect
example of our efforts." He added, “According to KPMG report, Media and
Entertainment industry in
Echoing similar sentiments, Aatish Kapadia, the Director of
Khichdi- The Movie”
Said, "We are extremely happy to be here to launch and support the drive against piracy in this segment. Large numbers of people have been waiting for the home video release of this movie and this will ensure that the 'Comedy reaches out to them.
Maser Baer has reduced the window of home video format release down to few weeks to combat piracy.
Khichdi - The Movie's DVD are priced at &.
299, while the VCD will cost Rs. 99.
About Moser Baer Entertainment:
Established in 2007, Maser Baer's entertainment business is delivering low cost but high quality home video products at price paints designed to help curb piracy. The Company aims at driving mass consumption through everywhere distribution and aggressive marketing and promotion. It owns mom than 10,000 titles in most; important Indian languages and currently retails its products from more than a l a h outlets in India including grocery stores and cigarette kiosks, apart from selling them online and At traditional, audio-visual stores. For more information, Visit www.moserbarhomeVidao.com
About Moser Baer
Established in
1983, Moser Boer India (MBI) is a globally, diversified technology group. With
its manufacturing expertise and extensive R&D base, the Group has successfully diversified in areas like Blank Optical Media, Solar
Photovoltaic, Home Entertainment and IT Peripherals b. Consumer Electronics.
The company has successfully developed
cutting edge technologies to become one of the world's largest manufacturers of Optical Storage Media like CDs and DVDs. MBI
is the first to market the
Blu-Ray in
History:
The company was
incorporated on 21.03.1983 at
The company now
shifted from 63, Ring Road, Lajpat Nagar - III, New Delhi - 110 024, India to
43A, Okhla Industrial Estate, New Delhi – 110 020, Delhi, India.
Subject (MBIL), headquartered in
Since the year 1998, MBIL became the ISO 9002 certified
company. During the year 1999, the company started to produce the CD-R. After a
year, in 2000, expansion from the CD-R (Compact Disc- Read), the company
formulated the CD-RW (Compact Disc-Read and Write). During the year 2003, the
company had commenced the production of DVD-R and also DVD-RW. In the same year
of 2003, MBIL had obtained ISO certification for all of its facilities and
launched 'Moserbaer' Brand in Indian Market. The Company had signed one of the
largest Outsourcing Deals in Indian Manufacturing. The Company had formulated
'Lightscribe' Deal with HP in the year 2004. Also in the same year, made HP
Deal for
Moser Baer Became the first company in the world to start
volume shipments of HD DVD-R in the year 2006. The Company had signed a
Technology MoU with IT BHU in the year 2006. During the same year of 2006, MBIL
patented technology approved by the Blu-ray Disc Association, launched USB Flash
drives and made foray into entertainment space, entered Home Video market.
During the year 2007, the company had acquired
The Company forayed into PC peripherals market in the
identical year of 2007, launched Optical Disk Drives (ODDs), Headphones,
Keyboards, Optical Mouse etc and also launched Branded DVD Player. As at April
2008, the company had signed an agreement with
OPERATIONS
Revenues for
Financial Year 2010 stood at INR
20,518 million, profit before
depreciation, interest, exceptional items and tax stood at INR 6260.4 million. During the
year, operating margins recovered significantly following improvement in market
equilibrium and increase in growth especially in advanced formats. Interest
costs reduced on account of lower average interest rate and repayment of debt.
Market Development
Market environment
and outlook
Moser Baer
continues to be the market leader in optical media both in terms of low cost
mass manufacturing and there R and D capabilities. There products are sold in
over 90 countries and
they have developed strong strategic alliances and partnerships with leading
global OEMs.
With DVD-R slowly
but steadily taking over CD-R volumes at retail and its significant growth in
some of the emerging markets, it is poised to become the major format in
optical media for 2010. CD-R
continues to remain the key format in niche high end professional segment.
Moreover, the momentum towards advanced media formats will intensify once
prices of BluRay drive climbs down from their present levels. Moser Baer is
continuously moving existing production lines to DVDs and advanced formats at
low incremental costs, significantly raising there capacity to produce
according to market demand.
They have received
encouraging volume growth in blank optical media in emerging markets like
The directors are
pleased to inform you that the overall OEM business is expected to remain
stable with a clear upside coming from new business acquired during the year
and growth in emerging formats.
Photo Voltaic
Business
Moser Baer's
photovoltaic business achieved key milestones during the year further
strengthening there position in the global photovoltaic market. Global
shipments reached approximately 50MW for the year. Significant traction was
seen in both the showcase technologies of Moser Baer- Crystalline Silicon and
Thin Film. They have now reached a total capacity of 140MW in both the
technologies combined placing us as one of the largest PV players in
Moser Baer Photo
Voltaic Limited has been awarded the prestigious 5 Star Rating Certificate by
TUV Rheinland in recognition to the
highest standards of Quality adopted in there business operations.
In addition, there
process team has effectively achieved world's highest single junction thin-film
module efficiency of 7.3% and an efficiency of 15.2% for Crystalline Silicon on
the existing production lines with process re-engineering. Due to there strong
efficiency improvements they have been able to de-bottleneck and successfully
increase there production capacities to 90MW in crystalline silicon cell
manufacturing and 50MW in Thin Film in there Greater Noida Plant.
With there strong
technology and quality, aggressive sales and marketing initiatives, service
levels and cost competitiveness, they are on the path of establishing
thereselves as a preferred vendor with top tier integrators, distributors and
EPC players in large PV markets and have successfully managed to distribute products
in a total of 25 countries.
Within
Subsidiary
Companies
The company has
received an exemption from the Ministry of Corporate Affairs, Government of
India, vide order No 47/24012010-CL -Ill Dated 11.06.2010 under section 212(8)
of the Companies Act, 1956 with regard to attaching the various documents in
respect of the subsidiaries for the year 2009-1 0. Accordingly, the Balance
Sheet, Profit and Loss Account and other documents of the subsidiary companies
are not being attached with the Balance Sheet of the Company. The Consolidated
Financial Statements presented by the Company include financial results of its
subsidiary companies.
The Company will
make available the Annual Accounts of the subsidiary companies and the related
detailed information upon request of any member of the Company and its
subsidiaries who may be interested in obtaining the same.
The annual
accounts of the subsidiary companies will also be kept for inspection by any
member of the company at its Registered Office and Corporate/Head Office
located at 43B. Okhla Industrial Estate, Phase 111,
COMPANY
OVERVIEW
The year 2009-10
ended on a positive note providing ample opportunities to us to showcase there
capabilities across there businesses and stand strong in difficult market
conditions due to concrete foundations.
- Cash and liquidity: The company
generated INR 4,439 million of net cash from operations on stand alone
basis in FY'I 0.
- Balance sheet strengthening: The
Company took various steps to further strengthen its balance sheet. This
was achieved mainly by better debt and working capital management. It
bought back US$ 10.5 million worth of FCCBs resulting in improvement of
the debt equity ratio and book profits.
- Operating margins recovered
significantly following improvement in market equilibrium, increase in
growth especially in advanced storage media formats, production
efficiencies, cost reduction, control on working capital and effective
hedging mechanism.
In the solar
photovoltaic business. the global demand started picking up rapidly by the end
of the year. They witnessed significant traction and volume growth in both the
showcase technologies. There income crossed the INR 4500 million mark, placing
us as one of the leading players from
In there storage
media business, they continued to maintain there volumes thus maintaining there
leadership position and have started picking up on the high definition Blu-Ray
format steadily despite the difficult environment in which the business had
been operating. The business ended the year significantly cash accretive and
with strong margins.
After dominating
the catalogue category, the entertainment business, is increasingly focusing on
the new film business and non-film content to capture the audience of all ages.
With over 10,000 titles, superior quality and delightful pricing they have become
the market leaders and are taking initiatives to growthis segment.
Moser Baer's
consumer electronics business is making significant progress, as they continue
to launch new products. The brand is now present in markets all across
Moser Baer's PV Business
Moser Baer's
photovoltaic business achieved key milestones during the year further
strengthening there position in the global photovoltaic market. Income crossed
the mark of Rs. 4500 million in 2009-10, witnessing a growth of 37% to reach
Rs. 4677 million from Rs. 3419 million in 2008-09. Global Shipments reached
approximately 50MW for the year. Significant traction was seen in both the showcase
technologies of Moser Baer - Crystalline Silicon and Thin Film. They have now
reached a combined capacity of 140MW with both the technologies, placing us as
one of the leading PV players in
They are steadily
moving in the right direction towards there three focus areas for
differentiation - Quality, Technology and Cost Competitiveness.
The company's
products b services meet the international standards including UL, IEC, JET,
CE, TUV, MCS etc. allowing us to operate in key established as well as emerging
markets like Europe, Australia, Japan, United States of America etc. Moreover,
Moser Baer Photo Voltaic Limited has been awarded the prestigious 5 Star Rating
Certificate by T~>RVh einland in recognition to the highest standards of
Quality adopted in its business operations.
On the efficiency
improvement front, there process team has effectively achieved world's highest
single junction thin-film module efficiency of 7.3% and an efficiency of 15.2%
for Crystalline Silicon on the existing production lines with process
re-engineering. Due to there strong efficiency improvements they have been able
to de-bottleneck and successfully increase there production capacities to 90MW
in crystalline silicon manufacturing and 50MW in Thin Film in there Greater Noida
Plant.
This is a major
achievement as this has been done without any significant capital expenditure
and completely in-house, demonstrating the Company's technological prowess.
They are
consistently working on bringing down the costs of manufacturing by improvement
in there internal processes and through there ongoing research and development
efforts. Moreover, there focus is on optimising cash management and working
capital.
With there strong
technology background and initiatives in quality, aggressive sales and
marketing and customer service and cost competitiveness, they have established
thereselves as the preferred partner for top tier integrators, distributors and
EPC players in large PV markets and have successfully managed to distribute
products in more than 25 countries.
Within
Outlook
As global
economies take action to mitigate climate change, the global energy infrastructure
is set to undergo a fundamental reshaping to create a prominent role for the
renewable energy sector. Renewable electricity represented 2.5% of worldwide
electricity generation in 2008 and could represent more than 20% of worldwide
electricity generation, as policies to promote renewable energy are implemented
globally over the next 20 years as per Barclays Research.
With improving
economic environment and strong market fundamentals driven by policy developments
across the globe, market intelligence b research firms have raised their global
demand estimates for 2010 and beyond. Installations are now expected to be in
the range of 10-14GW in 201 0. Though
Future Source Expects Blu-Ray Sales to reach 594
million discs by 2014.
Outlook
Blu-Ray market is
expected to take off in this year. Retail prices in Japan for Blu-Ray format is
going down signaling proliferation of its market and increase in usage for High
Definition content which can be downloaded online and burned on recordable
discs. Future Source expects Blu-Ray sales to reach 594 million discs by 2014.
Moser Baer is rigorously working with its OEM customers on technology
transfers/qualifications of its BluRay products, with a clear intent to take a
leadership position in this format with strong cost advantages. Moser Baer's
optical media business will continue to move existing production lines to
advanced formats, significantly raising there capacity to produce storage media
that support the emerging high definition format with minimal capital
expenditure.
Given the
complexity and manufacturing capabilities required to mass produce these
formats, only a small select group of companies will emerge as key players in
this high growth segment, thereby increasing the differentiation between the
technology innovators and developers and the tier-ll companies over the long
term.
The overall OEM
business is expected to remain stable with a clear upside coming from new
business developed
during the year.
The popularity of solid state device is on the rise because of its performance
advantages over hard disk. Today's latest generation drives are significantly
faster than the early models that began to appear in the market in 2007.
Despite the challenging economic environment that the world has experienced,
the solid state devices remain in the spotlight and an area of growth in the
storage market.
For Micro SD Cards
the major application is mobile phones and with the total wireless subscriber
base in India reaching 618 million as on 31.05.2010 as per Total Consumer (B2C)
Recordable Blu-Ray Media Trade Shipments: Worldwide (million discs) Trade
Shipments: Flash Drives, SD and Micro SD Cards (million pieces) Telecom
Regulatory Authority of India, this presents a significant opportunity to the
Company in this segment.
For USB flash
drives, it's the convenient form factor and portability, as well as competitive
pricing, which is driving
demand. Also,
consumers and enterprises continue to show increasing interest in having
portable applications on a USB device.
Entertainment
Entertainment Industry
The film
entertainment sector in lndia has grown at a 5% CAGR in the past three years,
as per the FICCI-KPMG
report for 2010.
In 2009, the industry clocked revenues of Rs. 89 billion, a 14% decline over
2008. This was a result of the extended strike between multiplexes and
producers of Hindi cinema, which led to no new film release for 3 months in
2009.
The home video
segment in which Moser Baer operates, has grown by 13.1 % from Rs. 3.8 billion
in 2008 to Rs. 4.3 billion in 2009 and is expected to reach Rs. 7.4 billion in
2014, thereby showing a CAGR of 11.8%. Home video market is just 5% of the
total film entertainment industry in lndia while in
Moser Baer's Entertainment Business
Moser Baer is
today
Moser Baer is
releasing video content in the DVD, VCD and Super DVD (DVD with the multiple
films) formats
using its
proprietary and patented technology that ensures 'quality and affordable prices
for the masses' and
'premium content
and prices for the higher end of customers'. They have also begun releasing new
fllms in Blu-Ray format, which is fast catching up attention of the high-end
consumers in
Apart from
dominating the catalogue business, the group is clearly focused on new film
business. They acquired the rights and released 30 new films in Hindi including
successful films like '
The business has
also produced and released films in Hindi, Tam11 and Malayalam during the year.
In Hindi, '
The business is
constantly innovating packaging and has been coming out with innovative packs
in various languages from time to time to attract new customers. Moser Baer's
Gold Collection, a collection of 50 'must see films' in Hindi was highly
appreciated for the collection of films and its packaging. Moser Baer's
'Platinum Collection', 'Block Buster', 'Children's Special', 'Comedy Classics',
'Ever Green Collection', 'Classics Collection',
Media and Entertainment
Services
Moser Baer's Media
and Entertainment Services division offers the entire gamut of turnkey
capabilities in Video Processing, Replication, Printing, Packaging and
Distribution services. Serving a large customer base, across industry segments,
encompassing a healthy-mix of blue-chip multinationals and domestic entities,
the division has set benchmarks in capacities, production, quality and has
consistently aspired to deliver "customer delight", by providing
fully integrated services for pre-recorded packaged media
The Digital Video
processing facility at Chennai is a state of the art facility which provides
Blu-Ray/DVD compression and authoring, real time video restoration, audio
restoration, editing, graphics and content repurposing services. The Greater
Noida facility, on the outskirts of
ITCE
Moser Baer's Consumer Products Business
Moser Baer has now
established itself as a serious player in the Consumer Electronics industry.
The brand is now present in markets all across
There has been an
ever-increasing demand for Moser Baer's portfolio owing to timely and efficient
after-sales service and a host of innovative and differentiated products. The
development of there own e-commerce portal for Consumer Products
'http://shop.moserbaer.in' has made there product reach out effectively to even
remote suburban locations.
Moser Baer, in the
past year, has also consistently identified opportunities and serviced its
products to
major corporate
houses and hospitality facilities. It will continue its endeavor to develop
technologically superior
products for the
Indian consumers. Moser Baer's IT Products Business Moser Baer has been
able to establish an independent position for IT peripheral products. There is
wider acceptance of the products in the channel as well as among system
builders for quality, features and after sales service support. The current
range of Moser Baer's IT peripherals' product range includes
- TFT monitors
- DVD writers
- PC peripherals
- External hard drives
All Moser Baer products
are technically superior and have great features to suit consumer's needs. The
company has a robust service network to help consumers.
Outlook
Moser Baer aims to
leverage its strong brand name, differentiated products and effective
distribution network to market its ITCE products throughout
The total size of
the IT market is now projected to increase from US$14.7 billion in 201 0 to
US$26.6 billion by 2014 as per India Information Technology ReportQ1 201 0.
Contingent Liabilities
Corporate guarantees given on behalf of the Subsidiary Companies: Rs. 17383.425 millions (Previous Year Rs. 22405.393 millions).
Against these guarantees loan amounts of Rs. 16042.959 millions (Previous Year Rs. 16119.392 millions) have been availed by the subsidiary companies.
|
Disputed demands (Gross) in respect of:- |
|
31.03.2009 Rs
in Millions |
|
Entry Tax Amount paid under Protest Rs. 1.688
Millions (Previous year Rs. 1.373 Millions) paid through bank guarantee Rs.
1.883 (previous year Rs. Nil) |
|
126.303 |
|
Service tax (amount paid under protest Rs.
2.953 (previous year Rs. 2.953) |
|
148.498 |
|
Sales Tax (Amount paid under protest Rs.
7.004 Millions (Previous Year Rs. 4.597 million) paid through bank guarantee
Rs. 24.987 millions (Previous year Rs.
26.596 millions) |
|
101.926 |
|
Custom duty and Excise duty (including
penalties) (Amount paid under protest Rs. 0.595
Million (Previous Year Rs. 0.500 million) paid through bank guarantee Rs.
12.000 millions (Previous year Rs.
12.000 millions) |
|
317.114 |
|
Income Tax [Amount paid under protest Rs.
34.500 Millions (Previous Year Rs 34.500 millions) |
|
101.117 |
|
Total |
|
794.958 |
Notes on Account:
The impact on the Profit of the Company for the year ended March 31, 2009
and the basic and diluted earnings per share had the company followed the fair
value method of accounting for stock options is set out below:
|
Particulars |
31.03.2009 Rs. In Millions |
|
(Loss)/ Profit after tax as per Profit and Loss Account (a) |
(1508.661) |
|
Add: Employee Stock Compensation Expenses as per Intrinsic Value
method |
-- |
|
Less: Employee Stock Compensation Expenses as per Fair Value method |
12.464 |
|
(Loss)/ Profit after tax recomputed for recognition of employee stock compensation
expenses under fair value method |
(1521.125) |
|
Earning Per Share based on earning as per (a) above: (Refer Note 14
below) |
|
|
- Basic |
(8.96) |
|
- Diluted |
(8.96) |
|
Earning Per Share had fair value method been employed for accounting of
employee Stock options: |
|
|
- Basic |
(9.04) |
|
- Diluted |
(9.04) |
Fair values used for above computations have been calculated by taking
into account the weighted average vesting period of the options.
UNAUDITED STANDALONE
FINANCIAL RESULTS FOR THE QUARTER ENDED 30.09.2010
Rs.
In Millions
|
Particulars |
3 Months
Ended 30.09.2010 |
Year to date
for current period ended 30.09.2010 |
|
|
(Unaudited) |
(Unaudited) |
|
a. Net Sales / Income from Operations |
4892.600 |
9361.200 |
|
b. Other Operating Income |
264.900 |
367.500 |
|
Net Sales / Income from Operations |
5157.500 |
9728.700 |
|
Expenditure |
|
|
|
a. (Increase)/Decrease in stock in trade and work in
progress |
(110.200) |
(459.900) |
|
b. Consumption of raw materials |
2964.700 |
5562.300 |
|
c. Purchase of traded goods/ rights |
91.300 |
193.000 |
|
d. Employees cost |
539.300 |
1120.700 |
|
e. Depreciation/Amortisation |
999.200 |
1975.000 |
|
f. Other expenditure |
977.500 |
2179.100 |
|
g.Total |
5461.800 |
10570.200 |
|
Profit (+)/ Loss (-) from Operations before other Income
Interest and Exceptional Items |
(304.300) |
(841.500) |
|
Other Income |
73.500 |
192.200 |
|
Profit (+)/ Loss (-) before Interest and Exceptional Items |
(230.800) |
(649.300) |
|
Interest |
486.100 |
946.100 |
|
Profit (+)/ Loss (-) after Interest but before Exceptional
Items |
(716.900) |
(1595.400) |
|
Exceptional items |
--- |
--- |
|
Profit (+)/ Loss (-) before tax |
(716.900) |
(1595.400) |
|
Tax expense |
--- |
--- |
|
Net Profit (+)/ Loss (-) from Ordinary Activities after
tax |
(716.900) |
(1595.400) |
|
Extraordinary Item (net of tax expense) |
--- |
--- |
|
Net Profit (+)/ Loss (-) for the period |
(716.900) |
(1595.400) |
|
Paid-up equity share capital |
|
|
|
(Face value:Rs.10/- per share) |
1683.100 |
1683.100 |
|
Reserves excluding revaluation reserves as per balance
sheet of previous accounting year |
|
|
|
Earnings Per Share: (not annualised) |
|
|
|
a) Before Extraordinary items |
|
|
|
- Basic (Rs.) |
(42.600) |
(94.800) |
|
- Diluted (Rs.) |
(42.600) |
(94.800) |
|
b) After Extraordinary items |
|
|
|
- Basic (Rs.) |
(42.600) |
(94.800) |
|
- Diluted (Rs.) |
(42.600) |
(94.800) |
|
Public shareholding |
|
|
|
- Number of shares |
140.885.963 |
140.885.963 |
|
- Percentage of shareholding |
83.71 |
83.71 |
|
Promoters and promoter group shareholding |
|
|
|
a) Pledged/Encumbered |
|
|
|
- Number of shares |
3.379.626 |
3.379.626 |
|
- Percentage of shares (as a % of the total shareholding of
promoter |
12.33 |
12.33 |
|
- Percentage of shares (as a% of the total share capital
of the |
2.01 |
2.01 |
|
b) Non encumbered shares |
24.040.515 |
24.040.515 |
|
- Number of shares |
|
|
|
- Percentage of shares (as a % of the total shareholding
of promoter |
87.67 |
87.67 |
|
- Percentage of shares (as a% of the total share capital
of the |
14.28 |
14.28 |
Notes:
- The company is primarily in the business of manufacture and sale of Optical Storage Media. The other activities of the company comprise, replication of content, sales of consumer electronic products and operation and maintenance of sector specific Special Economic Zone for non-conventional energy. The segment revenues, results and assets of the other activities do not constitute reportable segments under AS-17 and accordingly no disclosure is required.
- There were no outstanding complaints from the shareholders at the beginning of the quarter and 16 complaints received from the shareholders during the quarter have been replied to satisfactorily.
- The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 12.08.2010.
Fixed Assets
- Buildings
- Leasehold Improvements
- Plant and Machinery
- Electrical Installations and Other
Equipments
- Furniture and Fixture
- Office Equipments
- Computers
- Vehicles
- Technical know how
- Copyrights
- Marketing and distribution rights
Website Details
History:
Moser Baer
In 1988, Moser Baer
In 1999, Moser Baer
Since inception, Moser Baer has always endeavored to create its space in the
international market. Aiding the company in its efforts has been a
carefully-planned and sustainable business model - low costs, high margins,
high profits, reinvestment and capacity growth. Along the way, deep
relationships have been forged with leading OEMs, with the result that today
there are hardly any global technology brands in the optical media segment that
Moser Baer is not associated with.
In 2006, the company announced its foray into the
Photovoltaic and Home Entertainment businesses. In 2007, the IT Peripherals and
Consumer Electronics division was formed.
Company
Profile
Subject, headquartered in
Subject has a presence in over 82 countries, serviced
through six marketing offices in
Subject has the distinction of being preferred supplier to all top global OEM brands.
Subject stands committed to supplying highest quality fully licensed media to its customers.
Subject products are manufactured at its three
state-of-the-art manufacturing facilities. It has over 6,000 full-time
employees and multiple manufacturing facilities in the suburbs of
Milestones:
|
|
|
|
|
1983 |
Established |
|
|
1985 |
Production of 8.0"/5.25" Disks |
|
|
1987 |
Production of 3.5" Disks |
|
|
1998 |
ISO 9002 Certification |
|
|
1999 |
Production of CD-R |
|
|
2000 |
Production of CD-RW |
|
|
2002 |
Completely Integrated Manufacturing |
|
|
2003 |
v
Production of DVD-R v
Production of DVD-RW v
ISO Certification for all Facilities v
Launch of 'Moserbaer' Brand in Indian
Market v
Signed one of Largest Outsourcing
Deals in Indian Manufacturing |
|
|
2004 |
v
'Lightscribe' Deal with HP v
HP Deal for v
Contributing Member of Blu-Ray Disk
Association |
|
|
2005 |
v
ISO 14001 and OHSAS 18001 certification
for Moser Baer plants. v
Commencement of Phase III of Greater
Noida Plant v
Announced Moser Baer Photovoltaic
Limited as it's wholly owned subsidiary v
Received status of SEZ developer from
Govt. of India v
Announced a wholly owned
subsidiary-Moser Baer SEZ v
Signed MoU with IIT, |
|
|
2006 |
v
The first company in the world to
start volume shipments of HD DVD-R v
Signed Technology MoU with IT BHU v
Patented technology approved by the
Blu-ray Disc Association v
In-house R AND D Centre approved by Ministry
of Science and Technology v
Launched USB Flash drives v
Forayed into entertainment space,
enters Home Video market |
|
|
2007 |
v
Acquired v
Announced start of trial run of solar
photovoltaic cell production facility v
Set up the world's largest Thin Film
Solar Fab v
Launched US$150 mn FCCBs v
Moser Baer Photo Voltaic announced
commercial shipment of solar photovoltaic cells v
Moser Baer Photo Voltaic announced
US$880 million strategic sourcing tie-up with REC Group v
Forayed into PC peripherals market:
Launches Optical Disk Drives (ODDs), Headphones, Keyboards, Optical Mouse
etc. v
Launched Branded DVD Player |
|
|
2008 |
v
Moser Baer plans 600 MW Thin Film PV capacity
with an estimated investment of over $ 1.5 bn v
Moser Baer Photo Voltaic announces
strategic sourcing tie-up with LDK Solar v
Moser Baer announces successful
trials of first Gen 8.5 Thin Film plant v
Moser Baer gets the coveted blu-ray
product verification v
Moser Baer signs exclusive home video
licensing deal with UTV Motion Pictures v
Moser Baer launches a digital video
processing facility in Chennai v
Moser Baer secures customer sales
orders of $500 million for solar modules v
Global investors inject Rs. 4110.000
Millionsinto Moser Baer's solar photovoltaic business v
Moser Baer announces successful
trials of first Gen 8.5 Thin Film plant v
Moser Baer Photo Voltaic announces
strategic sourcing tie-up with LDK Solar v
Moser Baer plans 600 MW Thin Film PV
capacity with an estimated investment of over $ 1.5 bn |
|
|
2009 |
v
Moser Baer launches sleek and stylish
MP3 players v
Moser Baer’s thin film solar modules
are now IEC certified v
Moser Baer to set up one of v
Slim and Elegant Moser Baer TFT
Monitor v
Moser Baer’s thin film line ready for
production of ultra-large solar modules |
|
Board of directors:
Mr. Deepak Puri, Director
He provides strategic direction to the Company. He is the driving force in creating an environment of integrity by ensuring fair business practices and profound respect for Intellectual Property Rights. It is his ceaseless quest for human capital development that has helped steer the Company along a continuous growth path. A leading spokesman for the Indian industry, Deepak Puri has never shied from speaking his mind and sharing his opinions. He is Chairman of CII’s National Committee on Electronics, IT Hardware and Peripherals and also chairs FICCI’s
Electronics Hardware Committee. He holds a Master’s Degree
in Mechanical Engineering from
Arun Bharat Ram,
Director
He is the Chairman of SRF Limited A graduate in Industrial
Engineering from the
Bernard Gallus,
Director
He brings with him over four decades of experience in the international technology and finance markets. He was earlier Managing Director and member of the board of J Bosshard SA, Lausanne, later taken over by the manufacturing company W Moser Baer AG, Switzerland.
Prakash Karnik, Director
He was a
Director at Electra Partners Asia Private Limited one of
Dr. Vinayshil
Gautam, Director
He has been inducted as a Director of the Company w.e.f
12.12.2006. He was the first Director of
He is currently the Dalmia Chair Professor of Management at IIT, Delhi and
coordinator of the Institute's Dalmia Research Programme Dr. Vinayshil Gautam
was a member of various significant committees of Government of India including
the Committee appointed to look into the efficiencies of promotional processes
of 10 senior Positions in Government; Quinquennial review team of CMFRI, NAARM;
Committee appointed to review the working of NSTEDB, etc. He is also on the
Board of J.K Industries Limited, Shivam Auto Tech Limited, EXIM Bank, Steel
Authority of India, KEC International Limited.
Mr. Rajesh Khanna
(Nominee Warburg Pincus
He has been working with Warburg Pincus for the last seven years. He is an MBA from the IIM, Ahmedabad and a CA. He earlier worked with leading finance and consulting firms such as Citibank NA. He is now the Managing Director of Warburg Pincus India Private Limited and also serves on the Boards of Max New York Life Insurance CompanyLimited Moser Baer Photo Voltaic Limited, Moser Baer Solar Plc, Max India Limited, Max Healthcare Institute Limited and Max New York Life Insurance Company Limited.
Mr. Virendra Nath
Koura, Director
He has been inducted as an Additional Director of the
Company since 29.09.2006. Mr. Koura received his formal legal education at
Ms. Nita Puri,
Wholetime Director
She is a co-promoter of Subject and a Whole-Time Director of
the Company. A graduate from
Mr. John Levack,
Director
He has over 20 years of private equity experience with
Electra and 3i Pic in Asia and Europe, four years of which have been in
Mr. Ratul Puri,
Executive Director
He joined Moser Baer in 1994 and has been Executive Director
since 2001. Prior to assuming this role, he was General Manager (Business
Development). In this capacity, he was instrumental in setting up plants for
manufacturing Compact Disc- Recordable, the first to come up in
During the year, the Company maintained its leadership position in the
global optical media industry. The Company further strengthened its unique
technology and IP position in the Blu-ray format through its own pioneering work,
coupled with strong in-house R and D in development of high definition formats,
giving the Company a strong position as a technology developer.
Mr. Frank Dangeard, Director
He was Chairman and CEO of Thomson, a provider of digital
video technologies, solutions and services, from 2004 to early 2008. Earlier,
he was Senior Executive Vice President of France Telecom, a global
telecommunications operator. He is chairman or member of a number of boards or
advisory boards of international companies and non-profit organizations.
Dangeard was educated in
(Chevalier), the highest decoration in
Mr. Viraj Sawhney,
Director
He is a Principal of Warburg Pincus
Awards and
certifications
2010
§
Dr. Deepak Puri was conferred Padma Shri on 26th January by the
President of India for his distinguished contribution towards the sustained
growth of the Indian industry.
§
Chairman and
Managing Director, Mr. Deepak Puri was conferred the Degree of Doctor of Philosophy (D. Phil)
Honoris Causa by
2008
§
EFY 2008 Special Award to Mr Deepak
Puri, CMD, Moser Baer
§
Golden Peacock Environmental Eco
–Innovation Award 2008
2007
§
Golden Peacock Award for Occupational
Health and Safety '07
§
Award for being 'Highest Exporter in IT Sector' from 'Export Promotion Council for
EOUs and SEZ Units'.
§
Business Standard 'Most Innovative Company of the Year Award'
07'
§
ELCINA – DUN
and BRADSTREET Awards, 2006 - 07 in the categories- Quality, R and D and
Business Excellence
§
Award by "Electronics and Computer
Software Export Promotion Council (ESC)" in IT Hardware category, titled "Award for Maximum IT Hardware
Exports"
2006
§
"BEST OF ALL" Rajiv Gandhi
National Quality Award by Bureau of Indian Standards
§
Indira Awards for Marketing Excellence
awarded "CEO of the Year Award" to Mr. Deepak Puri, CMD
§
"Electronics Organisation of the
Year Award" from Electronics for You Publication Group.
§
PHDCCI -
Distinguished Entrepreneurship Award' 06 to Mr. Deepak Puri, CMD
2005
§
Golden Peacock Award for Competence in
Quality and Innovation Management
§
Global Industry Leader Award" to Mr. Deepak Puri and "Excellence
in Manufacturing Award" to Moser
Baer from Optical Disc Systems
§
Golden Peacock Environment Management
Award
§
Plasticon Award 2005 by Plast
2004
§
Frost and Sullivan Awards for excellent
Manufacturing Practices.
§
DataQuest Top 20
§
Deloitte Award for Fast Growing IT
Company and Manufacturing Excellence
§
Corporate Role Model and Lifetime
Achievement Award to Mr. Deepak Puri, Managing Director, Moser Baer by Centre
of International Business.,
2003
§
Dataquest IT Man of the Year Award 2003
to Mr. Deepak Puri Managing Director, Moser Baer
§
Business Today -
§
NMA Leadership Award 2003 to Mr. Deepak
Puri, Managing Director, Moser Baer
§
Deloitte Touche Tohmatsu Fast 500 -
2002
§
Dataquest Awards - Top Growth Company
for the year 2002-03
§
Ernst and Young Entrepreneur of the
Year 2002 for Manufacturing to Mr. Ratul Puri, Executive Director, Moser Baer
§
LMA (
2001
§
All
§
The Economic Times Awards for Corporate
Excellence - Company of the year 2001-02
§
Dataquest Top 20 - Fastest Growth
Company for the year 2001-02
§
ELCINA (Electronic Component Industries
Association) Electronics Man of the Year to Mr. Deepak Puri, Managing Director,
Moser Baer
1996-97
§
Highest Exports Award in Electronic
Components amongst Non-SSI Category
Certifications
At Moser Baer, they ensure that the systems followed and the materials used, are amongst the best. Whether it is using best-in-class manufacturing capabilities or sourcing materials from internationally renowned suppliers, every detail is minutely worked out.
Plant Certifications
ISO 9001 certified by TUV ISO 14001 certified by TUV OHSAS 18001 certified by
TUV SA 8000 certified by Det Norske Veritas (DNV) 5 Star rating by TUV along
with 100% rating for Quality Systems.
International Product Certifications for C-Si Modules
IEC 61215 (Edition II) IEC 61730 (Safety Class II) UL 1703 CE MCS IECEE-CB
International Product Certifications for a-Si Thin-Film
Modules
IEC 61646 IEC 61730 CE
Press Releases:-
Moser
Baer announces Q4 and FY 2011 results
May
12, 2011
·
Growth of 3% Q-o-Q resulting in a
turnover of INR 448 crores registered during the quarter
·
Growth of 14.3% Q-o-Q shipment volume
in the storage media business signals recovery of demand supply balance led by
regular formats.
·
52% higher sales QoQ recorded in the
Blu-Ray format leading to continued shift towards higher margin formats
·
EDITDA margin heavily impacted due to
continued surge in key commodity prices such as Silver, Poly Carbonate, Heavy
Fuel Oil (HFO) and chemicals during the year
·
Pricing of customer contracts for H1 FY
12 has been significantly renegotiated upwards to compensate the increasing
costs
·
PV Business recorded its highest ever
shipment (29 MW) for a quarter in Q4 FY11 with a turnover of INR 230 crore
·
PV business continues to add benchmark
solar installations that are exceeding the performance expectations
New Delhi, October 29, 2010:
Moser Baer India Limited (MBIL) today released its financial
results for the fourth quarter & annual results of FY 2010-11. The
company’s Board of Directors, at its meeting in
Highlights
include:
·
Net sales for 4th quarter FY 11 is at
Rs. 448.5 crore, up from Rs. 435.5 crore Q-o-Q
·
Blu Ray continues to grow at a strong
pace and is poised to emerge as a main stream optical media in developed
countries
Commenting on the development in the
markets, Bhaskar Sharma CEO, Optical Media, MBIL, said: “We have seen a
surge in our order intake driven by a sharp reduction in the capacities in the
global storage media markets. Hence we have experienced a sharp increase in
volumes in the fourth quarter and a strong order book through FY 12.”
Speaking about the solar PV market size
and scale K.N Subramanium, Chief Executive, Moser Baer Solar Systems Pvt Ltd
said, “The country is poised to implement 1500 MW of solar farms within the
next 12 months time thereby, creating a new EPC industry with a revenue
indicator of INR 18000 crore.” He added, “Moser Baer Solar Systems is the one
of the largest Solar EPC companies in
Commenting on the Results, Yogesh
Mathur, Group Chief Financial Officer, said: “The Company’s results have
been impacted by the surge in costs of key commodity prices such as Silver,
Poly Carbonate, Heavy Fuel Oil. However, rapidly improving demand supply
environment has allowed us to negate the effect of the cost increase on an
ongoing basis.” Talking about the company’s solar PV plans, he added, “The Thin
Film technology has emerged as the proven technology of choice in Indian ground
mounted solar farms and initial performance indicators far exceed expected
levels. This vindicates our stand of Thin Film for
Storage Media
·
Shipment volumes registered a growth of
14.3% Q0Q.
·
Exiting of marginal players is leading
to consolidation in global Storage Media market Demand-Supply rebalancing
likely to help players like Moser Baer.
·
ASPs are firming up and the trend
expected to continue for next two to three quarters.
·
Higher value DVD, advanced media
formats and Blu Ray continue to grow – significant positive gain.
·
Blu-Ray shipments continue to improve,
emerging as a key growth driver for the optical media business and poised to make significant
contribution to the business.
·
Revenue contribution from advanced
formats continues to increase.
·
Conversion of all power generation
facilities to dual fuel completed more than 50% of our generation on Gas based
fuel.
Solar photovoltaic
·
First phase of its module line expansion achieved and
the production is poised to commence in the current quarter.
·
MBSL has been conferred with the
prestigious “5 Star Rating” certificate for consecutive second time entire PV
units were included under the “5 Star scope” this year.
·
Thin Film plant performance metrics at
an all time high, C-Si panel production at benchmark wattages.
·
5 MW Solar farm initiated in Rajasthan,
panel shipments commenced.
·
Coverage in 25+ countries now with
sales to emerging markets like
Entertainment
·
Recent launches of new acquisitions
generate robust volumes.
·
Company continues to acquire content
selectively as content values continue to correct.
·
Cost efficiencies in production as well
as distribution continues to add to the margins.
·
Collaborating with non traditional
distribution outlets in various states to maximize SDVD roll out.
About Moser Baer India
Moser Baer India Limited headquartered
in
CMT REPORT (Corruption, Money Laundering and Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.
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.45.21 |
|
|
1 |
Rs.74.30 |
|
Euro |
1 |
Rs.64.40 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
42 |
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 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.