MIRA INFORM REPORT
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Report No. : |
355356 |
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Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SIEMENS LIMITED (w.e.f.31.03.1987) |
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Formerly Known
As : |
SIEMENS INDIA LIMITED (w.e.f.23.10.1967) SIEMENS ENGINEERING AND MANUFACTURING CO. OF INDIA LIMITED SIEMENS ENGINEERING AND
MANUFACTURING CO. OF INDIA PRIVATE LIMITED |
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Registered
Office : |
130, Pandurang Budhkar Marg, Worli, Mumbai – 400018, Maharashtra |
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Tel. No.: |
91-22–24987000/
01/ 02/ 24931349/ 50 |
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Country : |
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Financials (as
on) : |
30.09.2015 |
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Date of
Incorporation : |
02.03.1957 |
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Com. Reg. No.: |
11-010839 |
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Capital
Investment / Paid-up Capital : |
Rs. 712.000 Million |
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CIN No.: [Company Identification
No.] |
L28920MH1957PLC010839 |
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IEC No.: |
0388070005 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACS0764L |
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Legal Form : |
A Public Limited Liability Company.
The Company’s Shares are Listed on the Stock Exchanges. |
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Line of Business
: |
Subject has its
operations in various areas: in the transportation sector it delivers high
speed trains, in the lighting sector it manufactures small light bulbs. In
the healthcare sector subject executes complete solutions for hospitals, for
the industry sector it builds airports as well as produces contracts and for
the communication segment it provides public network to mobiles. (From
Indirect Source) |
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No. of Employees
: |
10933 (Approximately) (As on 30.09.2014) |
RATING & COMMENTS
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MIRA’s Rating : |
Aaa (86) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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Maximum Credit Limit : |
USD 125000000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of ‘Siemens AG’. The company businesses have
been classified into eight segments: power and gas, power generation services,
energy management, building technologies, mobility, process industries and
drives, digital factory and healthcare. The company aims to be an integrated technology provider for India's
sustainable growth. Its solutions address challenges ranging from efficient
and modernised manufacturing, intelligent infrastructure, accessible
healthcare, energy efficiency and integrated automation to mobility and
transportation, rapid urbanisation, reliable power, and sustainability. The company has a nation-wide sales and service network, 23
manufacturing plants, and employs about 19,000 people. Siemens (parent entity) ranked 63 in the Global 500 companies with
brand value of USD 20,508 million along with Enterprise value of USD 111,393
million. The company has a strong financial profile marked by a healthy capital
structure and zero debt as on March 31, 2015. The company's liquidity is marked by a healthy cash and cash
equivalent of Rs. 20.959 billion as on March 31, 2015. Siemens India will maintain
its strong financial profile driven by sufficient cash accruals and
liquidity. The company also benefited from the technical and managerial support
it receives from Siemens AG. Support from the parent enables Siemens India to
make high-quality products and improve service capabilities, thereby
maintaining its market position. However, rating strengths is partially offset by company’s exposure to
risks related to execution of large projects and to intense competition in
the capital goods industry. Trade relations are reported as trustworthy. Payments are reported to
be regular and as per commitments. In view of aforesaid, the company can be regarded as promising
business partner for medium to long team 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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = AAA |
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Rating Explanation |
Highest degree of safety and carry lowest
credit risk. |
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Date |
26.06.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = A1+ |
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Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
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Date |
26.06.2014 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-22-24987000/ 01]
LOCATIONS
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Registered/ Corporate Office : |
130, Pandurang
Budhkar Marg, Worli, Mumbai - 400018, Maharashtra, India |
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Tel. No.: |
91-22–24987000/
01/ 02/ 24931349/ 50 |
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Fax No.: |
91-22–24987500/
52/ 24941758 |
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E-Mail : |
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Website : |
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Plant Locations : |
·
MAHARASHTRA
·
GOA o
L-6, Verna Industrial Area, Panjim-Margao
Highway, Verna, Goa – 403722, India ·
GUJARAT
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TELANGANA o
Plot No. 89 and 90, IDA, Gandhinagar, Post
Balanagar, Hyderabad – 500037, Telangana, India ·
KARNATAKA o
972, Devanahalli Road, Off Old Madras Road,
Virgonagar Post, Bangalore - 560049, Karnataka, India ·
WEST BENGAL o
Nimpura Industrial Growth Centre, Po:
Rakhajungle, Paschim Midnapur, Kharagpur – 721301, West Bengal, India ·
PUDUCHERRY
·
HARYANA o
Sector-18, Unit No. 37, Gurgaon – 122002,
Haryana, India ·
TAMILNADU o
309/2, Chettipedy Village, Thandalam Post
Sriperumbudur Taluka, District Kancheepuram – 602105, Tamilnadu, India |
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Sales Office 1 : |
3rd Floor, Jyoti Mahal, No. 49, St. Marks Road, Bangalore – 560001, Karnataka, India |
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Tel. No.: |
91-80-22042000 |
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Fax No.: |
91-80-41120435 |
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Sales Office 2 : |
Plot No. 78, JIL Jagatjit Industries Limited, Tower A and B, Sector 18, Gurgaon – 122015, Haryana, India |
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Tel. No.: |
91-124-2842000/ 3846000 |
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Fax No.: |
91-124-2349050 |
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Regional Service
Center : |
3rd Floor, Prerna Arbour, Off C G Road, Girish Cold Drink Cross Road, Navarangpura, Ahmedabad - 380009, Gujarat, India |
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Tel. No.: |
91-79-40207413 |
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Fax. No.: |
91-79-40207699 |
DIRECTORS
AS ON 30.09.2015
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Name : |
Mr. Deepak S. Parekh |
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Designation : |
Director |
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Address: |
9/B, Darbhanga Mansion, 12, Carmichael Road, Mumbai - 400026, Maharashtra, India |
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Date of Birth/Age : |
18.10.1944 |
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Qualification : |
B. Com, FCA (England and Wales) |
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Expertise in specific functional areas : |
Strategic Business Management, Finance and Banking and Mergers and Acquisition |
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Date of Appointment : |
07.11.2003 |
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DIN No.: |
00009078 |
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Name : |
Mr. Sunil D Mathur |
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Designation : |
Managing Director |
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Address: |
B-1/29-30, Prithvi Apartments, Altamount Road, Off Anstey Road, Mumbai - 400026, Maharashtra, India |
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Date of Appointment : |
22.07.2008 |
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DIN No.: |
02261944 |
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Name : |
Mr. Darius C. Shroff |
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Designation : |
Director |
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Address: |
Moonlight, Flat No. 8,, Maharishi Karve Road, Mumbai - 400020, Maharashtra, India |
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Date of Birth/Age : |
08.08.1944 |
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Qualification : |
B.A (Hons), LL.B, Solicitor (Member of The Incorporated Law Society, Mumbai) and Advocate (High Court Bombay) |
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Expertise in specific functional areas : |
Corporate and Commercial Laws; Labour and Industrial Laws |
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Date of Appointment : |
20.02.1997 |
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DIN No.: |
00170680 |
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Name : |
Mr. Yezdi H. Malegam |
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Designation : |
Director |
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Address: |
Goolestan, 37,Cuffe Parade,Colaba, Mumbai - 400005, Maharashtra, India |
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Date of Birth/Age : |
24.09.1933 |
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Qualification : |
B.Com. Fellow Member of The Institute of Chartered Accountants of India as well as of England and Wales |
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Expertise in specific functional areas : |
Accounting, Finance and
Corporate and Securities Laws |
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Date of Appointment : |
01.04.1998 |
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DIN No.: |
00092017 |
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Name : |
Mr. Keki Dadiseth |
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Designation : |
Director |
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Address: |
8a, Maneck, L. D. Ruparel Marg, Off Nepeansea Marg, Mumbai - 400006, Maharashtra, India |
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Date of Birth/Age : |
20.12.1945 |
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Qualification : |
B.Com. Fellow Member of The Institute of Chartered Accountants - England and Wales |
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Expertise in specific functional areas : |
Finance, Business Management and Mergers and Acquisitions |
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Date of Appointment : |
27.01.2006 |
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DIN No.: |
00052165 |
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Name : |
Mr. Pradip V. Nayak |
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Designation : |
Director |
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Address: |
202, 21st Floor, Antariksha, K.Gadgil Road, Prabhadevi, Mumbai - 400025, Maharashtra, INDIA |
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Date of Birth/Age : |
06.09.1943 |
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Qualification : |
A degree in Economics and Politics from the University of York, England. He also read Law at Grays Inn, London |
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Expertise in specific functional areas : |
Human Resource and
Corporate Communications |
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Date of Appointment : |
27.01.2006 |
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DIN No.: |
00032403 |
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Name : |
Mr. Josef Kaeser |
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Designation : |
Director |
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Address: |
Sindorf 15, Arnbruck - 93471, Germany |
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Date of Birth/Age : |
23.06.1957 |
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Qualification : |
Studied Business Administration Dipl.-Betriebswirt |
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Expertise in specific functional areas : |
Corporate Finance and Business Management |
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Date of Appointment : |
01.10.2006 |
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DIN No.: |
00867264 |
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Name : |
Dr. Roland Busch |
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Designation : |
Director |
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Address: |
Tuerkenstrasse 11, Munich, 80333, , Germany |
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Date of Appointment : |
29.07.2011 |
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DIN No.: |
03540889 |
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Name : |
Ms. Mariel von Drathen |
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Designation : |
Director |
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Address: |
Trogerstr. 44, Munchen - 81675, , Germany |
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Date of Appointment : |
02.08.2013 |
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DIN No.: |
06625674 |
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Name : |
Mr. Johannes Apitzsch |
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Designation : |
Director |
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Address: |
Nussbaumweg 17, Rathsberg, Marloffstein, 91080, , Germany |
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Date of Appointment : |
23/11/2013 |
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DIN No.: |
05259354 |
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Name : |
Mr. Christian Rummel |
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Designation : |
Executive Director and Chief Financial Officer (with effect from 1st February, 2014) |
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Address: |
Vastu Co-Operative Housing Society Limited, Flat No.1202, 12th Floor Plot No. 26-B, Worli Estate, Worli, Mumbai - 400018, Maharashtra, India |
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Date of Birth/Age : |
17.04.1969 |
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Qualification : |
Graduate in Business Management |
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Expertise in specific functional areas : |
Corporate Finance and Business Administration |
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Date of Appointment : |
01.02.2014 |
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DIN No.: |
01992982 |
KEY EXECUTIVES
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Name : |
Mr. Ketan Thaker |
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Designation : |
Company Secretary |
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Address: |
C-906, Spring Leaf 5 CHS Limited, Lokhandwala Township, Akurli Road, Kandivli (East), Mumbai - 400101, Maharashtra, India |
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Date of Birth/Age : |
02.08.2013 |
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PAN No.: |
ACVPT7223M |
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Audit Committee : |
·
Mr.
Yezdi H. Malegam - Chairman ·
Mr.
Deepak S. Parekh ·
Mr.
Keki B. Dadiseth · Mr. Johannes Apitzsch |
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Nomination and Remuneration Committee : |
·
Mr.
Narendra J. Jhaveri Chairman ·
Mr.
Darius C. Shroff ·
Mr.
Deepak S. Parekh ·
Mr.
Pradip V. Nayak ·
Mr.
Joe Kaeser · Ms. Mariel von Drathen |
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Stakeholders
Relationship Committee : |
·
Mr.
Darius C. Shroff - Chairman ·
Mr.
Pradip V. Nayak ·
Mr.
Sunil Mathur |
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Corporate
Governance Committee : |
·
Mr.
Deepak S. Parekh - Chairman ·
Mr.
Sunil Mathur ·
Mr.
Christian Rummel · Ms. Mariel von Drathen |
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Risk Management Committee : |
·
Mr.
Yezdi H. Malegam - Chairman ·
Mr.
Deepak S. Parekh ·
Mr.
Keki B. Dadiseth · Mr. Johannes Apitzsch |
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Share Transfer
Committee : |
·
Mr.
Sunil Mathur - Chairman · Mr. Christian Rummel |
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Corporate Governance Committee : |
·
Mr.
Keki B. Dadiseth - Chairman ·
Mr.
Deepak S. Parekh ·
Mr.
Yezdi H. Malegam ·
Mr.
Darius C. Shroff ·
Mr.
Joe Kaeser ·
Mr.
Sunil Mathur ·
Dr.
Roland Busch · Mr. Johannes Apitzsch |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2015
|
Category of Shareholder |
Total No. of Shares |
As a % |
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(A)
Shareholding of Promoter and Promoter Group |
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267089913 |
75.00 |
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267089913 |
75.00 |
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Total
shareholding of Promoter and Promoter Group (A) |
267089913 |
75.00 |
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(B)
Public Shareholding |
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11985044 |
3.37 |
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157244 |
0.04 |
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250 |
0.00 |
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20603031 |
5.79 |
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13143044 |
3.69 |
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3900080 |
1.10 |
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3900080 |
1.10 |
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49788693 |
13.98 |
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|
4246234 |
1.19 |
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|
32500172 |
9.13 |
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|
1334289 |
0.37 |
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|
1160954 |
0.33 |
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|
157110 |
0.04 |
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|
977844 |
0.27 |
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26000 |
0.01 |
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|
39241649 |
11.02 |
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Total
Public shareholding (B) |
89030342 |
25.00 |
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Total
(A)+(B) |
356120255 |
100.00 |
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(C)
Shares held by Custodians and against which Depository Receipts have been
issued |
0 |
0.00 |
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0 |
0.00 |
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0 |
0.00 |
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0 |
0.00 |
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Total
(A)+(B)+(C) |
356120255 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing technology enabled solutions for the industry,
energy, infrastructure and cities, and healthcare sectors. (Registered
Activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
10933 (Approximately) (As on 30.09.2014) |
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Bankers : |
· Citibank N. A. · Deutsche Bank AG · The Hongkong and Shanghai Banking Corporation Limited · Standard Chartered Bank · HDFC Bank Limited · ICICI Bank Limited ·
State Bank of India |
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Auditors : |
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Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
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Cost Auditors : |
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Name : |
R. Nanabhoy and
Company Cost Accountants |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company: (30.09.2014) |
Siemens AG |
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Fellow
Subsidiaries: (30.09.2014) |
·
Siemens
S.A. Angola ·
Siemens
S.A. Argentina ·
Siemens
Limited Australia ·
ETM
professional control GmbH Austria ·
Siemens
Aktiengesellschaft Osterreich Austria ·
Siemens
Convergence Creators GmbH Austria ·
Siemens
VAI Metals Technologies GmbH Austria ·
Siemens
VAI Metals Technologies GmbH & Co Austria ·
Siemens
AG Osterreich, Plant Rail Systems Wien Austria ·
Siemens
AG Osterreich, Plant Transformers Wien Austria ·
Trench
Austria GmbH Austria ·
Siemens
W.L.L. Bahrain ·
Siemens
Bangladesh Limited Bangladesh ·
Siemens
Healthcare Diagnostics SA Belgium ·
Siemens
S.A./N.V. Belgium ·
Siemens
Eletroeletronica Limitada Brazil ·
Siemens
Ltda. Brazil ·
Siemens
EOOD Bulgaria ·
RuggedCom
- SCL Canada ·
Siemens
Hearing Instruments Inc. Canada ·
Trench
Limited Canada ·
SCL
- Process Instruments Business Unit Canada ·
Siemens
Canada Limited Canada ·
Siemens
Healthcare Diagnostics Manufacturing Limited Cayman Islands ·
Siemens
S.A. Chile ·
Beijing
Siemens Cerberus Electronics Limited China ·
MWB
(Shanghai) Co Limited China ·
Siemens
Circuit Protection Systems Limited China ·
Siemens
Electrical Apparatus Limited China ·
Siemens
Electrical Drives (Shanghai) Limited China ·
Siemens
Electrical Drives Limited China ·
Siemens
Factory Automation Engineering Limited China ·
Siemens
Healthcare Diagnostics (Shanghai) Co. Limited China ·
Siemens
High Voltage Circuit Breaker Co., Limited China ·
Siemens
High Voltage Switchgear Co., Limited Shanghai China ·
Siemens
Industrial Automation Limited, Shanghai China ·
Siemens
International Trading Limited, Shanghai China ·
Siemens
Limited, China China ·
Siemens
Mechanical Drive Systems (Tianjin) Co., Limited China ·
Siemens
Medium Voltage Switching Technologies (Wuxi) Limited China ·
Siemens
Numerical Control Limited China ·
Siemens
Power Automation Limited China ·
Siemens
Power Plant Automation Limited China ·
Siemens
Shanghai Medical Equipment Limited China ·
Siemens
Shenzhen Magnetic Resonance Limited China ·
Siemens
Standard Motors Limited, Jiangsu China ·
Siemens
Switchgear Co. Limited China ·
Siemens
Transformer (Guangzhou) Co., Limited China ·
Siemens
VAI Metals Technologies Co., Limited, Shanghai China ·
Siemens
Wind Power Blades (Shanghai) Co., Limited China ·
Siemens
Wiring Accessories Shandong Limited China ·
Siemens
X-Ray Vacuum Technology Limited, Wuxi China ·
Trench
High Voltage Products Limited, Shenyang China ·
Winergy
Drive Systems (Tianjin) Co. Limited China ·
Siemens
Sensors & Communication Limited China ·
Siemens
S.A. Columbia ·
Koncar
Power Transformers d.o.o. (erstwhile Koncar Power Transformers Limited) ·
Croatia ·
Siemens
d.d. Croatia ·
Siemens
Electric Machines s.r.o. Czech Republic ·
Siemens,
s.r.o. Czech Republic ·
Siemens,
s.r.o., odstepny zavod Industrial Turbomachinery Czech Republic ·
Siemens
A/S Denmark ·
Siemens
Wind Power A/S Denmark ·
Siemens
S.A. Ecuador ·
Siemens
Technologies S.A.E. Egypt ·
Siemens
Osakeyhtio Finnland ·
Flender-Graffenstaden
SAS France ·
Siemens
Industry Software SAS France ·
Siemens
S.A.S. France ·
Siemens
SAS, Division Production Sensors and Communication, Usine de Haguenau France ·
Siemens
Transmission and Distribution SAS France ·
Siemens
VAI Metals Technologies SAS France ·
Trench
France S.A.S. France ·
Alpha
Verteilertechnik GmbH Germany ·
Evosoft
GmbH Germany ·
HSP
Hochspannungsgerate GmbH Germany ·
Loher
GmbH Germany ·
Siemens
Bank GmbH Germany ·
Siemens
Beteiligungen Inland GmbH Germany ·
Siemens
Geared Motors Gesellschaft mit beschrankter Haftung Germany ·
Siemens
Gusstechnik GmbH Germany ·
Siemens
Healthcare Diagnostics Holding GmbH Germany ·
Siemens
Healthcare Diagnostics Products GmbH Germany ·
Siemens
Industrial Turbomachinery GmbH Germany ·
Siemens
Industriegetriebe GmbH Germany ·
Siemens
Power Control GmbH Germany ·
Siemens
Turbomachinery Equipment GmbH Germany ·
Siemens
VAI Metals Technologies GmbH Germany ·
SYKATEC
Systeme, Komponenten, Anwendungstechnologie GmbH Germany ·
TLT-Turbo
GmbH Germany ·
Trench
Germany GmbH Germany ·
Siemens
Insulation Center GmbH and Co. KG Germany ·
Weiss
Spindeltechnologie GmbH Germany ·
Electrium
Sales Limited Great Britain ·
I
DT Factory Congleton Great Britain ·
Siemens
Healthcare Diagnostics Manufacturing Limited Great Britain ·
Siemens
Healthcare Diagnostics Products Limited Great Britain ·
Siemens
Industrial Turbomachinery Limited Great Britain ·
Siemens
Magnet Technology Great Britain ·
Siemens
plc Great Britain ·
Siemens
plc, Industry Sector, Metals Technologies Great Britain ·
Siemens
Protection Devices Limited Great Britain ·
Siemens
Transmission & Distribution Limited Great Britain ·
Siemens
VAI Metals Technologies Limited Great Britain ·
Siemens
Water Technologies Limited (sold with effect from 15.01.2014) Great Britain ·
Siemens
Industry Software Limited Great Britain ·
Siemens
Healthcare Diagnostics Limited Hongkong ·
Siemens
Limited Hongkong ·
Siemens
Rail Automation Private Limited India ·
eMeter
India Private Limited India ·
OSRAM
India Private Limited India ·
PETNET
Radiopharmaceutical Solutions Private Limited India ·
Powerplant
Performance Improvement Limited India ·
Siemens
Convergence Creators Private Limited India ·
Siemens
Financial Services Private Limited India ·
Siemens
Hearing Instruments Private Limited India ·
Siemens
Industry Software (India) Private Limitedcv India ·
Siemens
Postal Parcel & Airport Logistics Private Limited India ·
Siemens
Technology and Services Private Limited India ·
P.T.
Siemens Indonesia Indonesia ·
PT.
Siemens Industrial Power Indonesia ·
Europlex
Technologies (Ireland) Limited Ireland ·
Siemens
Limited Ireland ·
Siemens
Medical Solutions Diagnostics Europe Limited Ireland ·
Siemens
Concentrated Solar Power Limited Israel ·
Siemens
Israel Limited Israel ·
Siemens
S. p.A Metals Technologies, Milano ( erstwhile Siemens VAI ·
Metals
Technologies S.r.l.), Italy ·
Siemens
S.p.A. Italy ·
Trench
Italia S.r.l. Italy ·
HV-Turbo
Italia S.r.l. Italy ·
Siemens
Healthcare Diagnostics K.K. Japan ·
Siemens
Japan K.K. Japan ·
Siemens
TOO Kazakhstan ·
Siemens
Limited Seoul Korea ·
Siemens
Energy Solutions Limited Korea ·
Siemens
PETNET Korea Co. Limited Korea ·
Siemens
Electrical & Electronic Services K.S.C.C. Kuwait ·
Siemens
Malaysia Sdn. Bhd. Malaysia ·
Siemens
Innovaciones S.A. de C.V. Mexico ·
Siemens
Servicios S.A. de C.V. Mexico ·
Siemens,
S.A. de C.V. Mexico ·
Siemens
Plant Operations Tahaddart SARL Morocco ·
Siemens
S.A. Morocco ·
Siemens
Nederland N.V. Netherland ·
Siemens
Nederland N.V. - dependent ARE E P Netherland ·
Siemens
(N.Z.) Limited New Zealand ·
Siemens
Limited Nigeria ·
Siemens
AS Norway ·
Siemens
L.L.C. Oman ·
Siemens
S.A.C. Peru ·
Siemens
Power Operations, Inc. Philippines ·
Siemens,
Inc. Philippines ·
Siemens
Sp. z o.o. Poland ·
TurboCare
Sp. z o.o. Poland ·
Siemens
S.A. Portugal ·
Siemens
W.L.L. Qatar ·
Siemens
S.R.L. Romania ·
SIMEA
S.R.L., Plan SEIT Sibiu Romania ·
OOO
Siemens Russia ·
OOO
Siemens Gas Turbine Technologies Russia ·
OOO
Siemens High Voltage Products Russia ·
Arabia
Electric Limited (Equipment) Saudi-Arabia ·
ISCOSA
Industries and Maintenance Limited Saudi-Arabia ·
Siemens
Limited Saudi-Arabia ·
Siemens
d.o.o. Beograd Serbia ·
Siemens
Electronics Assembly Systems Pte. Limited Singapore ·
Siemens
Healthcare Diagnostics Pte. Limited Singapore ·
Siemens
Pte. Limited Singapore ·
Siemens
Water Technologies Pte. Limited Singapore ·
Siemens
s.r.o. Slovakia ·
Siemens
(Proprietary) Limited South Africa ·
Fabrica
Electrotecnica Josa, S.A. Spain ·
Siemens
S.A. Spain ·
Siemens
AB Sweden ·
Siemens
Industrial Turbomachinery AB Sweden ·
Siemens,
Security Products Sweden ·
Siemens
Schweiz AG Switzerland ·
Siemens
Schweiz AG, Building Technologies Division, International Headquarters,
Switzerland ·
Siemens
Limited Taiwan ·
Siemens
Limited Thailand ·
Siemens
S.A. Tunisia ·
Siemens
Sanayi ve Ticaret A.S. Turkey ·
Siemens
Ukraine (erstwhile DP Siemens Ukraine) Ukraine SD (Middle East) LLC UAE ·
Siemens
LLC UAE ·
Siemens
Demag Delaval Turbomachinery, Inc. USA ·
Siemens
Energy, Inc. USA ·
Siemens
Energy, Inc. (US) - Fossil Products (OPP) USA ·
Siemens
Energy, Inc. (US) - Oil& Gas (PT2) USA ·
Siemens
Energy, Inc. (US) - Transmission (PPR) USA ·
Siemens
Healthcare Diagnostics Inc. USA ·
Siemens
Corporation USA ·
Siemens
Industry, Inc. USA ·
Siemens
Medical Solutions USA, Inc. USA ·
Siemens
Water Technologies LLC USA ·
SMS
Inc. - Customer Solutions Group USA ·
Winergy
Drive Systems Corporation USA ·
Siemens
Postal, Parcel & Airport Logistics LLC USA ·
Siemens
Product Lifecycle Management Software Inc. USA ·
Siemens
S.A. Venezuela ·
Siemens
Automation Systems Limited Vietnam · Siemens Limited Vietnam |
CAPITAL STRUCTURE
AS ON 30.09.2015
Authorised Capital : Not Available
Paid-up Capital : Rs. 712.240 Million
AS ON 30.09.2014
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000,000 |
Equity Shares |
Rs.2/- each |
Rs. 2000.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
356,983,950 |
Equity Shares |
Rs.2/- each |
Rs. 714.000 Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
356,119,885 |
Equity Shares |
Rs.2/- each |
Rs. 712.000 Million |
|
|
|
|
|
Shares held by
Holding Company and subsidiary of Holding Company:
255,351,805 Equity shares of Rs.2 each, fully paid-up, are held by the Holding Company, Siemens AG, Germany; 11,738,108 Equity shares of Rs.2 each, fully paid-up, are held by Siemens VAI Metals Technologies GmbH, a 100% subsidiary of Siemens AG, Germany.
Reconciliation of the
number of shares outstanding at the beginning and at the end of the year:
|
Particular |
Number |
Rs In Million |
|
Shares outstanding at the beginning of the year |
356,119,885 |
712.000 |
|
Shares issued/subscribed during the year |
-- |
-- |
|
Shares outstanding at the end of the Year |
356,119,885 |
712.000 |
During the previous year, the
paid up share capital had increased consequent to the issue of 15,824,785
equity shares on the amalgamation of SVAI, SPEL and Winergy and allotment of 75
equity shares to member upon settlement of a disputed case.
Details of
shareholders holding more than 5% shares in the Company as on 30th September
2014:
|
Particular |
No. of shares held |
% of Holding |
|
Siemens Aktiengesellschaft, Germany and its subsidiary. |
267,089,913 |
75.00% |
|
Life Insurance Corporation of India |
* |
* |
As per of the Company,
including its register of shareholders / members and other declarations
received from shareholders regarding beneficial interest, the above
shareholding represents both legal and beneficial ownerships of shares.
*
denotes holding not more than 5%
Details of aggregate
number of shares issued for consideration other than cash and bonus shares
issued during the period of five years immediately preceding 30 September:
|
Equity shares
allotted as |
30.09.2014 |
|
Fully paid up to the shareholders of Siemens Healthcare Diagnostics Limited. In accordance with the scheme of amalgamation |
3,134,700 |
|
Fully paid up to the shareholders of Siemens VAI Metals Technologies Private Limited. in accordance with the scheme of amalgamation |
11,738,108 |
|
Fully paid up to the shareholders of Siemens Power Engineering Private Limited. In accordance with the scheme of amalgamation |
3,461,538 |
|
Fully paid up to the shareholders of Winergy Drive Systems India Private Limited. In accordance with the scheme of amalgamation |
625,139 |
Terms / rights
attached to equity shares
The Company has only one
class of equity shares having a par value of Rs.2 per share. Each holder of equity shares is entitled to one
vote per share. The Company declares and pays dividends in Indian rupees.
During the year ended 30 September 2014, the amount of per share dividend recognized for distribution to equity shareholders is Rs.6.
In the event of liquidation
of the Company, the holder of equity shares will be entitled to receive
remaining assets of the Company, after
distribution of all preferential amounts (if any). The distribution will be in
proportion to the number of equity shares held by the shareholders.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
30.09.2015 |
30.09.2014 |
30.09.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
712.240 |
712.000 |
712.000 |
|
(b) Reserves & Surplus |
50553.942 |
43044.000 |
39591.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
51266.182 |
43756.000 |
40303.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1216.642 |
522.000 |
837.000 |
|
(d) long-term
provisions |
2515.923 |
2669.000 |
2535.000 |
|
Total Non-current
Liabilities (3) |
3732.565 |
3191.000 |
3372.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
23646.407 |
27373.000 |
25518.000 |
|
(c) Other
current liabilities |
12687.120 |
16471.000 |
15700.000 |
|
(d) Short-term
provisions |
13944.454 |
11797.000 |
13547.000 |
|
Total Current
Liabilities (4) |
50277.981 |
55641.000 |
54765.000 |
|
|
|
|
|
|
TOTAL |
105276.728 |
102588.000 |
98440.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
13853.980 |
13442.000 |
13559.000 |
|
(ii)
Intangible Assets |
0.000 |
114.000 |
230.000 |
|
(iii)
Capital work-in-progress |
0.000 |
409.000 |
889.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1763.539 |
82.000 |
432.000 |
|
(c) Deferred tax assets (net) |
3174.614 |
3738.000 |
4297.000 |
|
(d) Long-term loans and Advances |
7259.752 |
6358.000 |
6164.000 |
|
(e) Other
Non-current assets |
1760.959 |
4183.000 |
6705.000 |
|
Total Non-Current
Assets |
27812.844 |
28326.000 |
32276.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
9509.350 |
10472.000 |
9334.000 |
|
(c) Trade
receivables |
30182.944 |
36437.000 |
37668.000 |
|
(d) Cash
and cash equivalents |
20959.354 |
11210.000 |
6038.000 |
|
(e)
Short-term loans and advances |
7697.770 |
7776.000 |
4909.000 |
|
(f) Other
current assets |
9114.466 |
8367.000 |
8215.000 |
|
Total
Current Assets |
77463.884 |
74262.000 |
66164.000 |
|
|
|
|
|
|
TOTAL |
105276.728 |
102588.000 |
98440.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
30.09.2015 |
30.09.2014 |
30.09.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations (Net) |
105123.530 |
106626.000 |
113526.000 |
|
|
|
Other Income |
1604.405 |
1039.000 |
345.000 |
|
|
|
TOTAL
(A) |
106727.935 |
107665.000 |
113871.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
44950.010 |
25870.000 |
26056.000 |
|
|
|
Purchases of Stock-in-Trade |
24802.144 |
24413.000 |
23629.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
1061.962 |
(1487.000) |
224.000 |
|
|
|
Project bought outs and other direct costs |
0.000 |
26746.000 |
35459.000 |
|
|
|
Employees benefits expense |
13941.653 |
14118.000 |
13524.000 |
|
|
|
Exceptional items |
(7827.478) |
(3827.000) |
(325.000) |
|
|
|
Other expenses |
10607.202 |
11023.000 |
10427.000 |
|
|
|
TOTAL (B) |
87535.493 |
96856.000 |
108994.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19192.442 |
10809.000 |
4877.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
72.705 |
82.000 |
189.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19119.737 |
10727.000 |
4688.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2156.230 |
2291.000 |
2502.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
16963.507 |
8436.000 |
2186.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5130.585 |
2404.000 |
246.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
11832.922 |
6032.000 |
1940.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports of goods Direct on FOB basis |
NA |
4170.000 |
5101.000 |
|
|
|
Project Business (Based on Actual Billing) |
NA |
8336.000 |
7128.000 |
|
|
|
Commission |
NA |
317.000 |
570.000 |
|
|
|
Service charges and others |
NA |
3368.000 |
2672.000 |
|
|
TOTAL EARNINGS |
NA |
NA |
15471.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw materials, components, spare parts and traded goods |
NA |
34026.000 |
34869.000 |
|
|
|
Capital Goods |
NA |
492.000 |
445.000 |
|
|
TOTAL IMPORTS |
NA |
NA |
35314.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
16.95 |
17.54 |
5.69 |
|
|
|
Diluted
|
33.23 |
16.94 |
5.45 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
30.09.2015 |
30.09.2014 |
30.09.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash Generated from operations |
NA |
8039.000 |
2848.000 |
|
Net cash generated from operating activities |
NA |
6078.000 |
1018.000 |
KEY
RATIOS
|
PARTICULARS |
|
30.09.2015 |
30.09.2014 |
30.09.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
11.26 |
5.66 |
1.71 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
18.26 |
10.14 |
4.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.91 |
8.58 |
2.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.19 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54 |
1.33 |
1.21 |
STOCK
PRICES
|
Face Value |
Rs. 2.00/- |
|
Market Value |
Rs. 1161.75/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
30.09.2013 |
30.09.2014 |
30.09.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
712.000 |
712.000 |
712.240 |
|
Reserves & Surplus |
39591.000 |
43044.000 |
50553.942 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
40303.000 |
43756.000 |
51266.182 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
30.09.2013 |
30.09.2014 |
30.09.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
113526.000 |
106626.000 |
105123.530 |
|
|
|
(6.078) |
(1.409) |
NET PROFIT MARGIN
|
Net Profit Margin |
30.09.2013 |
30.09.2014 |
30.09.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
113526.000 |
106626.000 |
105123.530 |
|
Profit |
1940.000 |
6032.000 |
11832.922 |
|
|
1.71% |
5.66% |
11.26% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
Case Details |
|||
|
Bench:- Bombay |
|||
|
Presentation Date:- 04.12.2015 |
|||
|
Lodging
No.: ARBAPL/2264/2015 Filing Date: 07.08.2015 Reg. No.: ARBAP/235/2015 Reg. Date: 25.08.2015 |
|||
|
|
|||
|
Petitioner:- |
PREMIER ROAD CARRIERS LIMITED |
Respondent:- |
SIEMENS LIMITED |
|
Petn. Adv:- |
VERITAS LEGAL (I13416) |
||
|
District:- |
OUTSIDE MAHARASHTRA |
||
|
Bench:- |
SINGLE |
||
|
Status:- |
Pre-Admission |
Category:- |
ARBITRATION ACT. |
|
Act :- |
Arbitration and Conciliation Act 1996
|
Under Section: |
34 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90229627 |
19/04/2010 * |
21,660,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A85386936 |
|
2 |
90103749 |
11/10/2001 * |
40,000,000.00 |
BANK OF BARODA |
R.C. DUTT ROAD,
ALKAPURI BRANCH, BARODA, GUJARAT, |
- |
|
3 |
90227321 |
26/12/1972 |
127,500,000.00 |
AMERCAN EXPRESS
BANK LIMITED |
364 DADABHAI
NAOMJI ROAD, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
* Date of charge modification
CORPORATE
INFORMATION (As on 30.09.2014)
Subject was incorporated on 2nd
March, 1957 initially as a private limited company under the name Siemens
Engineering and Manufacturing Co. of India Private Limited by the Registrar of
Companies, Maharashtra, vide Certificate of Incorporation No. 10839 of 1956-57.
Subsequently, the Company was converted into public company. The name of the
Company was thereafter changed from Siemens Engineering and Manufacturing Co.
of India Limited to Siemens India Limited on 23rd October, 1967 and thereafter
to the present name on 31st March, 1987.
OPERATIONS (As on
30.09.2014)
The Turnover of the Company
decreased by approximately 6% and stood at Rs.106.626
Million as compared to Rs.113.526
Million in the previous year. The Company’s Profit from Operations for the year
ended 30th September, 2014 was Rs.3.652
Million as compared to Rs.1.705
Million in the corresponding period of the previous year.
The Profit after Tax was Rs.6.032 Million, compared to Rs.1.940 Million during 2012-13.
In line with Siemens Global
strategic re-alignment, the Company’s businesses have with effect from 1st
October, 2014 been classified into eight new ‘Divisions’ namely Power and Gas,
Power Generation Services, Energy Management, Building Technologies, Mobility,
Process Industries and Drives, Digital Factory and Healthcare.
MANAGEMENT’S
DISCUSSION AND ANALYSIS (As on 30.09.2014)
GENERAL
PERFORMANCE REVIEW
Over the financial year 2014,
India’s macro-economic scenario remained stagnant. According to the Centre for
Monitoring Indian Economy, the growth rate of the nation’s Gross Domestic
Product (GDP) was at around 5.03 per cent in 2014 (October 2013 to September
2014) compared to the growth rate of around 4.65 per cent in 2013 (October 2012
to September 2013).
Factors contributing to the low
rate of growth in previous years continued in the financial year 2013-14 as
well. While interest rates in general remained high resulting in subdued demand
and investments, delayed decision-making due to the uncertain political and
economic conditions further stalled major infrastructure and power projects.
With the National Elections having resulted in a resounding majority to a
single political party in May 2014, public sentiment has since substantially
improved and there is considerable hope that the new Government will start
creating an environment conducive to investment. Initial steps taken by the
Government have been positive, however it will take some time before projects
put on hold in the past will be cleared and will start contributing to the
economy. It will also take some time before interest rates are reduced and
fresh capacities are set up.
Nevertheless, the Management of
Siemens Limited is optimistic that once these reforms start concretising into
action on the ground, the opportunities for Siemens in the areas of Energy
Generation, Transmission & Distribution, Smart Cities, Mobility Solutions
and Factory Automation under the “Make in India” initiative should increase
substantially. Overall though, currently, the macro-economic situation is still
challenging and concrete policy measures are yet to impact business. Siemens
Limited’s results during financial year 2013-14 were also affected due to these
factors. New Orders were down by 6% at Rs.103.238
Million in financial year 2013-14, compared with Rs.109.573
Million in financial year 2012-13. Sales (excluding Other Operating Revenues)
were down by 6% to Rs.104.483 Million, compared with Rs.111.452 Million in financial year 2012-13, while
Profit after Tax (PAT) was up by 211% at Rs.6.032
Million compared with Rs.1.940 Million in financial year
2012-13. This was largely due to exceptional items of Rs.3827 Million in financial year 2013-14 as against Rs.325.000 Million in financial year 2012-13.
OUTLOOK
During
the financial year 2013-14, the Company has aligned its structure to Siemens’ Global Vision 2020 strategy.
As of 1st October, 2014, the Company has eliminated Sectors and has bundled
business into eight Divisions: Power and Gas, Power Generation Services, Energy
Management, Mobility, Building Technologies, Digital Factory, Process
Industries and Drives, and Healthcare. The new organization with a flatter
structure is aimed at increasing proximity to customers.
Overall,
the macro-economic situation is still challenging and concrete policy measures announced
during the financial year 2013-14 will take time to reflect in business. The
Company has taken measures to increase its competitiveness and strengthen its
capabilities. With 23 factories manufacturing products such as Steam Turbines,
Switchgear, Remote Monitoring Systems (RMS), Motors and Generators, Relays and
Smart Grid Systems, Transformers, Railway Bogies and X-ray Machines, the
Company has proven its capability to Make in India.
On
the basis of these strengths, the Company expects profitable and sustainable
growth in the future. It is however important that financial and regulatory
reforms continue to take effect. Concrete measures must be taken to facilitate
the completion of large infrastructure projects that have been stalled, while
encouraging new projects.
UNAUDITED FINANCIAL
RESULTS FOR THE QUARTER ENDED 30th SEPTEMBER 2015
(RS. IN MILLION)
|
PARTICULARS |
Quarter Ended 30.09.2015 |
Quarter Ended 30.06.2015 |
|
|
|
|
|
1.
Income from operations |
|
|
|
a) Net sales/ Income from operation (net of excise duty) |
32313.039 |
23220.082 |
|
b) Other operating income |
681.883 |
539.855 |
|
Total
income from Operations (net) |
32994.922 |
23759.937 |
|
Of which continuing operations |
32994.922 |
23759.937 |
|
|
|
|
|
2.Expenditure |
|
|
|
a) Cost of material consumed |
14874.705 |
9704.008 |
|
b) Purchases of stock in trade |
5004.966 |
6098.355 |
|
c) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
2979.538 |
(157.225) |
|
d) Employees benefit expenses |
3970.049 |
3399.658 |
|
e) Depreciation and amortization expenses |
474.888 |
564.410 |
|
f) Other expenditure |
3348.959 |
2184.081 |
|
Total expenses |
30653.105 |
21793.287 |
|
|
|
|
|
3. Profit from operations before other income and
financial costs |
2341.817 |
1966.650 |
|
4. Other income |
407.401 |
555.169 |
|
5. Profit from ordinary activities before finance costs |
2749.218 |
2521.819 |
|
6. Finance costs |
22.832 |
18.424 |
|
7. Net profit/(loss) from ordinary activities
after finance costs but before exceptional items |
2726.386 |
2503.395 |
|
8. Exceptional item |
707.105 |
-- |
|
9. Profit from ordinary activities before tax
Expense: |
3433.491 |
2503.395 |
|
10.Tax expenses |
1242.158 |
820.799 |
|
11.Net
Profit / (Loss) from ordinary activities after tax (9-10) |
2191.333 |
1682.596 |
|
12.Extraordinary Items (net of tax expense) |
0.000 |
0.000 |
|
13.Net Profit / (Loss) for
the period (11-12) |
2191.333 |
1682.596 |
|
14.Paid-up
equity share capital (Nominal value Rs.10/- per share) |
712.240 |
712.240 |
|
15. Reserve excluding
Revaluation Reserves as per balance sheet of previous accounting year |
NA |
NA |
|
16.i) Earnings per share (before extraordinary items)
of Rs.10/- each) (not annualised): |
|
|
|
(a) Basic |
4.86 |
4.72 |
|
(b) Diluted |
6.15 |
4.72 |
|
Particulars |
Quarter Ended ( Unaudited) |
Quarter Ended ( Unaudited) |
|
|
30.09.2015 |
30.06.2015 |
|
A.
PARTICULARS OF SHAREHOLDING |
|
|
|
1. Public
Shareholding |
|
|
|
- Number of shares |
89029972 |
89029972 |
|
- Percentage of shareholding |
25.00% |
25.00% |
|
2.
Promoters and Promoters group Shareholding- |
|
|
|
a) Pledged /Encumbered |
|
|
|
Number of shares |
-- |
-- |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
-- |
-- |
|
Percentage of shares (as a % of total share capital of the
company) |
-- |
-- |
|
|
|
|
|
b) Non Encumbered |
|
|
|
Number of shares |
267089913 |
267089913 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
100.00% |
100.00% |
|
Percentage of shares (as a % of total share capital of the
company) |
75.00% |
75.00% |
|
|
Particulars |
Quarter Ended 30.09.2015 |
|
B |
Investor Complaints |
|
|
|
Pending at the beginning of the quarter |
0 |
|
|
Received during the quarter |
2 |
|
|
Disposed off during the quarter |
2 |
|
|
Remaining unresolved at the end of the
quarter |
0 |
NOTES:
Exceptional items for the nine months ended June 30, 2015 represents profit on sale of Metals Technologies (MT) business, effective from the close of business on 31 December 2014. Further, exceptional item for the previous quarter ended March 31, 2015 represents adjustment made to the profit on sale of MT business as a result of change in net assets transferred. The corresponding tax impact on the said transaction for nine months ended June 30, 2015 and previous quarter ended March 31, 2015 amounts to Rs.1783.200 Million land Rs.16.900 Million respectively.
Exceptional items for the year ended September 30, 2014 consisted of profit on sale of property and CENVAT credit on certain services for earlier years, net of impairment loss and for the nine months ended June 30, 2014 represents CENVAT credit on certain services for earlier years.
During the quarter ended December 31, 2014, the Company had changed its accounting policy for revenue recognition of its Healthcare business. Consequently, the net sales and profit before tax for nine months ended June 30, 2015, are lower by Rs.2322.000 and Rs.97.400 Million (including those relating to earlier years of Rs. 612.500 Million and Rs. 1.200 Million) respectively. For the current and previous quarter, the impact of the aforesaid change in policy is not material.
Figures for the previous period have been regrouped wherever necessary to make them comparable.
The financial results for the quarter ended June 30, 2015 have been subjected to a limited review by the statutory auditors of the Company.
The above financial results were reviewed and approved by the Audit Committee and the Board of Directors approved the same at their meeting held on August 05, 2015.
SEGMENTWISE
REVENUE, RESULTS AND CAPITAL EMPLOYED
FOR THE QUARTER AND NINE MONTHS ENDED 30 JUNE 2015
(RS. IN MILLION)
|
Particulars |
Quarter
Ended (
Unaudited) |
Quarter
Ended (
Unaudited) |
|
|
30.09.2015 |
30.06.2015 |
|
a.
Information about Primary Business Segments |
|
|
|
1. Segment
Revenue |
|
|
|
Power and Gas |
4734.135 |
3104.651 |
|
Energy Management |
10434.708 |
7380.258 |
|
Building
Technologies |
904.456 |
684.892 |
|
Mobility |
3184.860 |
2123.403 |
|
Digital Factory |
4768.111 |
3754.400 |
|
Process Industries |
5714.141 |
4827.071 |
|
Healthcare |
5257.249 |
3376.429 |
|
Metals Technologies |
-- |
-- |
|
Others |
203.441 |
174.004 |
|
Total |
35201.101 |
25425.108 |
|
|
|
|
|
Less : Inter Segment Revenue |
2206.179 |
1641.314 |
|
Net
Sales/ Income from Operation |
32994.922 |
23783.794 |
|
|
|
|
|
2.
Segment Result |
|
|
|
Profit / (Loss)
before tax and Interest from each segment |
|
|
|
Power and Gas |
626.103 |
342.938 |
|
Energy Management |
694.851 |
598.942 |
|
Building
Technologies |
104.376 |
24.712 |
|
Mobility |
320.065 |
(159.464) |
|
Digital Factory |
243.313 |
413.209 |
|
Process Industries |
30.321 |
421.355 |
|
Healthcare |
253.614 |
266.554 |
|
Metals Technologies |
-- |
-- |
|
Others |
69.174 |
58.404 |
|
Total |
2341.817 |
1966.650 |
|
|
|
|
|
Add: |
|
|
|
Other un-allocable Income net off
un-allocable expenditure |
407.401 |
555.169 |
|
Exceptional
items |
707.105 |
-- |
|
|
|
|
|
Less: |
|
|
|
Finance Costs |
22.832 |
18.424 |
|
|
|
|
|
Profit before tax |
3433.491 |
2503.395 |
|
|
|
|
|
3. Capital
Employed (Segment Assets-Segment Liabilities) |
|
|
|
Power and Gas |
2427.477 |
2208.786 |
|
Energy Management |
13941.647 |
14866.785 |
|
Building
Technologies |
466.595 |
548.576 |
|
Mobility |
2367.815 |
2855.527 |
|
Digital Factory |
1778.718 |
2171.551 |
|
Process Industries |
2764.857 |
4092.606 |
|
Healthcare |
(884.822) |
680.290 |
|
Metals Technologies |
-- |
-- |
|
Others |
2918.882 |
1440.894 |
|
Unallocated (including
cash and bank balance) |
25485.013 |
24537.570 |
|
Total
Capital Employed |
51266.182 |
53402.585 |
CONTINGENT
LIABILITIES:
|
Particulars |
30.09.2014 (Rs.
In Million) |
30.09.2013 (Rs.
In Million) |
|
Income tax (excluding interest) |
170.000 |
201.000 |
|
Excise / sales tax liabilities, under dispute |
3464.000 |
1945.000 |
|
Customs liabilities, under dispute |
120.000 |
120.000 |
|
Claims
against the company not acknowledged as debts In respect of above contingent liabilities, the future cash outflows are determinable only on receipt of judgements pending at various forums / authorities. |
537.000 |
105.000 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
PRESS RELEASES
SIEMENS LIMITED
ANNOUNCES FY2015 RESULTS; GROWTH IN REVENUE AND PROFITS
27.11.2015
For Q4 of the Financial Year 2015 ended September 30, 2015, Siemens Limited announced a growth in Profit after tax before exceptional items by 13.5 % to Rs. 1730.000 Million compared to Rs. 1525.000 Million for Q4 of FY 2014.
For Q4 of the Financial Year 2015 ended September 30, 2015, Siemens Limited announced a growth in Profit after tax before exceptional items by 13.5 % to Rs. 1730.000 Million compared to Rs. 1525.000 Million for Q4 of FY 2014.
In Q4 2014, revenue from discontinued operations amounted to Rs. 1977.000 Million and exceptional items amounted to Rs. 3665.000 Million.
Consequently, revenue growth from continuing operations in Q4 2015 is 10.9% and growth in Profit after tax before exceptional items by 13.5%.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, "While we have seen an increase in Public Sector orders in the Railway and Energy Transmission businesses, we are yet to see increased ordering by other Government and Public Sector agencies. Private Sector Capex spending is also negligible across all Verticals. Under these conditions, our results can be considered as satisfactory. We await an increase in demand by both Government/Public and Private Sectors in order for us to realize our full potential."
The Board of Directors of the Company has recommended a Dividend of Rs. 6 per
share, and a Special Dividend of Rs. 4 per share (in view of the large
exceptional income during the year), which amounts to a Payout of 36% for the
financial year ended September 30, 2015.
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 :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 66.42 |
|
|
1 |
Rs. 99.17 |
|
Euro |
1 |
Rs. 72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
10 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
10 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
10 |
|
--PROFITABILITY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
10 |
|
--CREDIT LINES |
1~10 |
10 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
86 |
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 |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.