MIRA INFORM REPORT
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Report No. : |
304786 |
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Report Date : |
24.01.2015 |
IDENTIFICATION DETAILS
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Name : |
SIEMENS LIMITED (w.e.f.1987) |
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Formerly Known
As : |
SIEMENS INDIA LIMITED |
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Registered
Office : |
130, Pandurang Budhkar Marg, Worli, Mumbai – 400018, Maharashtra |
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Country : |
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Financials (as
on) : |
30.09.2014 |
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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.712.240 Millions |
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CIN No.: [Company Identification
No.] |
L28920MH1957PLC010839 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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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
: |
Providing technology enabled solutions for the industry,
energy, infrastructure and cities, and healthcare sectors. |
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No. of Employees
: |
11539 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Aa (78) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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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”. It is a well-established and
a reputed company having and excellent track record. The rating reflects Siemens’ diversified business portfolio supported
by healthy financial risk profile and strong liquidity position of the
company. Further rating also takes into consideration financial and managerial
support that company receives from its parent company. Trade relations are fair. Business is active. Payments terms are
regular and as per commitments. The company can be considered good for normal business dealing 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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
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Name : |
Not Divulged |
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Designation : |
Operator |
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Contact No.: |
91-80-22042000 |
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Date : |
23.01.2015 |
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 : |
o
E-76, Waluj, Midc Area, Aurangabad – 431136,
Maharashtra, India o
Plot No – A 1/2, Five Star Midc, Shendra, Aurangabad
– 431201, Maharashtra, India o
Plot No. C-1, Additional Industrial Area, Midc,
Ambad, Nashik - 422010, Maharashtra, India o
Thane - Belapur Road, Thane - 400601,
Maharashtra, India o
Plot No. R-508 , Ttc, Industrial Area, Midc,
Rabale, Thane - 400701, Maharashtra, India o
Thane-Belapur Road, Airoli, Navi Mumbai – 400708,
Maharashtra, India o
Plot No. D-41/1, Ttc Industrial Area, MIDC
Turbhe, Opposite Turbhe Mtnl Exchange, Navi Mumbai - 400705, Maharashtra,
India o
1, Kalwa Wks, Thane Road Digha, Cbd Belapur, Navi
Mumbai – 400708, Maharashtra, India
o
L-6, Verna Industrial Area, Panjim-Margao
Highway, Verna, Goa – 403722, India
o
R.S. No: 144, Maneja Village, Opposite Makarpura
Railway Station, Vadodara – 390013, Gujarat, India o
589 Sayajipura, Ajwa Road, Vadodara – 390019,
Gujarat, India o
Plot B, Halol Phase – Ii, Gidc Industrial Estate,
Village Chandrapura, Halol, District Panchmahal - 389350, Gujarat, India
o
Plot No. 89 And 90, Ida, Gandhinagar, Post
Balanagar, Hyderabad – 500037, Andhra Pradesh, India
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972, Devanahalli Road, Off Old Madras Road,
Virgonagar Post, Bangalore - 560049, Karnataka, India
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Nimpura Industrial Growth Centre, Po:
Rakhajungle, Paschim Midnapur, Kharagpur – 721301, West Bengal, India
o
Mmg Manufacturing Group - Unit - I, R.S No 16/8,
Kurumbapet Village, Villianur Commune - 605009, Puducherry, India o
Mmg Manufacturing Group - Unit -Ii, R.S No 23/2a,
Uruvaiyaru Road, Abishegapakkam – 605007, Puducherry, India
o
Sector-18, Unit No. 37, Gurgaon – 122002,
Haryana, India
o
309/2, Chettipedy Village, Thandalam Post
Sriperumbudur Taluka, Kancheepuram District – 602105, Tamilnadu, India |
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Sales Offices 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 Offices 2 : |
Plot No. 78, JIL Jagatjit Industries Limited, Tower A & 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
Centers : |
3rd Floor, Prerna Arbour, Off C G Road, Girish Cold Drink Cross Road, Navarangpura, Ahmadabad -380009, Gujarat, India |
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Tel. No.: |
91-79-40207413 |
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Fax. No.: |
91-79-40207699 |
DIRECTORS
As on 30.09.2013
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Name : |
Mr. Deepak S. Parekh |
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Designation : |
Chairman |
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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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Date of Appointment : |
07.11.2003 |
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Name : |
Mr. Darius C. Shroff |
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Designation : |
Director |
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Date of Birth/Age : |
08.08.1944 |
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Qualification : |
BA (Hons.), LL.B., Solicitor |
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Date of Appointment : |
20.02.1997 |
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Name : |
Mr. Yezdi H. Malegam |
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Designation : |
Director |
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Date of Birth/Age : |
24.09.1933 |
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Qualification : |
CA |
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Date of Appointment : |
01.04.1998 |
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Name : |
Mr. Narendra J. Jhaveri |
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Designation : |
Director |
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Date of Birth/Age : |
09.08.1935 |
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Qualification : |
Master’s Degree in Economics from Gujarat University M.Sc. in Economics from The London School of Economics |
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Date of Appointment : |
09.11.2000 |
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Name : |
Mr. Keki Dadiseth |
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Designation : |
Director |
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Date of Birth/Age : |
20.12.1945 |
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Qualification : |
B. Com., FCA (England and Wales) |
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Date of Appointment : |
27.01.2006 |
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Name : |
Mr. Pradip V. Nayak |
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Designation : |
Director |
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Date of Birth/Age : |
06.09.1943 |
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Qualification : |
Degree in Economics and Politics Read Law at Gray's Inn, London |
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Date of Appointment : |
27.01.2006 |
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Name : |
Mr. Joe Kaeser |
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Designation : |
Director |
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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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Date of Appointment : |
01.10.2006 |
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Name : |
Dr. Roland Busch |
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Designation : |
Special Director (Nominee of Siemens AG) |
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Name : |
Mr. Johannes Apitzsch |
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Designation : |
Director* (Alternate Director for Dr. Roland Busch upto 22nd November, 2013) |
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Name : |
Dr. Armin Bruck |
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Designation : |
Managing Director and Chief Executive Offi cer (upto 31st December, 2013) |
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Date of Birth/Age : |
06.02.1963 |
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Qualification : |
PhD in Operations Research Business Degree in Economics and Informatics |
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Date of Appointment : |
01.10.2007 |
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Other Directorships
held in India |
Siemens Technology and Services Private Limited |
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Name : |
Mr. Sunil D Mathur |
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Designation : |
Executive Director and Chief Financial Officer (upto 31st December, 2013) Managing Director and Chief Executive Officer (with effect from 1st January, 2014) |
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Name : |
Ms. Mariel von Drathen |
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Designation : |
Director (with effect from 2nd August, 2013) |
KEY EXECUTIVES
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Name : |
Mr. Ketan Thaker |
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Designation : |
Company Secretary |
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Audit Committee : |
· Yezdi H. Malegam - (Chairman) · Deepak S. Parekh · Keki B. Dadiseth · Johannes Apitzsch* ·
Joe Kaeser (upto 22nd November, 2013) |
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Investors
Grievance Committee : |
· Darius C. Shroff (Chairman) · Pradip V. Nayak ·
Dr. Armin Bruck |
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Remuneration Committee : |
· Narendra J. Jhaveri - (Chairman) · Darius C. Shroff · Deepak S. Parekh · Pradip V. Nayak · Joe Kaeser ·
Mariel von Drathen* |
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Corporate
Governance Committee : |
· Keki B. Dadiseth - (Chairman) · Deepak S. Parekh · Yezdi H. Malegam · Darius C. Shroff · Joe Kaeser · Dr. Armin Bruck · Dr. Roland Busch · Johannes Apitzsch* |
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Investment
Committee : |
· Deepak S. Parekh - (Chairman) · Yezdi H. Malegam · Pradip V. Nayak · Joe Kaeser · Sunil Mathur · Keki B. Dadiseth · Dr. Roland Busch · Johannes Apitzsch* |
Note: * With effect from 23rd November, 2013
SHAREHOLDING PATTERN
As on 31.12.2014
|
Category of Shareholder |
Total No. of
Shares |
Total
Shareholding 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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10889232 |
3.06 |
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|
142596 |
0.04 |
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250 |
0.00 |
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21567364 |
6.06 |
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15551474 |
4.37 |
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|
504009 |
0.14 |
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|
504009 |
0.14 |
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|
48654925 |
13.66 |
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|
4852235 |
1.36 |
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32953867 |
9.25 |
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1495841 |
0.42 |
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1073104 |
0.30 |
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91311 |
0.03 |
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|
31000 |
0.01 |
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950793 |
0.27 |
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|
40375047 |
11.34 |
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Total Public shareholding (B) |
89029972 |
25.00 |
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Total (A)+(B) |
356119885 |
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) |
356119885 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Provides technology enabled solutions for the industry,
energy, infrastructure and cities, and healthcare sectors. |
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Products : |
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Brand Names : |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
11539 (Approximately) |
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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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Facilities : |
-- |
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Auditors : |
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Name : |
S.R Batliboi and
Associates LLP Chartered
Accountants |
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Address: |
14th
Floor, The Ruby, 29 Senapati Bapat Marg, Mumbai – 400028, Maharashtra, India |
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Tel No.: |
91-22-61920000 |
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Fax No.: |
91-22-61921000 |
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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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AS ON 30.09.2013 |
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Holding Company: |
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Fellow
Subsidiaries: |
· Siemens S.A., Argentina · Siemens Spa, Algeria · Siemens Limited, Australia · ETM professional control GmbH, Austria · SAGO dARE Transformers Austria (erstwhile Siemens, Transformers Austria GmbH and Company KG), Austria · SAGOE dARE Plant Rail Systems, Austria · Siemens Aktiengesellschaft Osterreich, Austria · Siemens Convergence Creators GmbH, Austria · Siemens Gebäudemanagement and -Services G.m.b.H., Austria · Siemens VAI Metals Technologies GmbH, Austria · Siemens VAI Metals Technologies GmbH and Company, 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 Limited A., Brazil · Siemens EOOD, Bulgaria · RuggedCom Inc., Canada · Siemens Hearing Instruments Inc., Canada · Trench Limited, Canada · Siemens Healthcare Diagnostics Manufacturing Limited, Cayman Islands · Siemens S.A., Chile · Beijing Siemens Cerberus Electronics Limited, China · MWB (Shanghai) Company 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) Company Limited, China · Siemens High Voltage Circuit Breaker Company, Limited, China · Siemens High Voltage Switchgear Company, Limited, Shanghai, China · Siemens Industrial Automation Limited, Shanghai, China · Siemens Industrial Turbomachinery (Huludao) Company Limited, China · Siemens International Trading Limited, Shanghai, China · Siemens Limited, China, China · Siemens Mechanical Drive Systems (Tianjin) Company, 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 Company Limited, China · Siemens Transformer (Guangzhou) Company, Limited, China · Siemens Transformer (Wuhan) Company Limited, China · Siemens VAI Metals Technologies Company, Limited, Shanghai, China · Siemens Water Technologies Limited, China · Siemens Wind Power Blades (Shanghai) Company, Limited, China · Siemens Wiring Accessories Shandong Limited, China · Siemens X-Ray Vacuum Technology Limited, China · Trench High Voltage Products Limited, Shenyang, China · Winergy Drive Systems (Tianjin) Company 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 Osakeyhtiö, 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 Hochspannungsgeräte GmbHc · LINCAS Export Services GmbH., China · Loher GmbH, Germany · Siemens Bank GmbH, Germany · Siemens Beteiligungen Inland GmbH, Germany · Siemens Geared Motors Gesellschaft mit beschränkter 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 IT Solutions and Services 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 · Weiss Spindeltechnologie GmbH, Germany · Winergy AG, 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 and Distribution Limited, Great Britain · Siemens VAI Metals Technologies Limited, Great Britain · Eviop-Tempo A.E. Electrical Equipment Manufacturer,s Greece · Siemens Healthcare Diagnostics Limited, Hongkong · Siemens Limited, Hongkong · Compact Automotive Lamp Private Limited, India · eMeter India Private Limited, India · OSRAM Automotive Lamps Private Limited (merged with OSRAM India Private Limited w.e.f. 26 March 2013), India · OSRAM India Private Limited (upto 5 July 2013), 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 Limited, India · Siemens Power Engineering Private Limited (merged w.e.f 1 Oct 2011) India · Siemens VAI Metals Technologies Private Limited (merged w.e.f 1 Oct 2011) India · Siemens Postal Parcel and Airport Logistics Private Limited, India · Siemens Technology and Services Private Limited, India · Winergy Drive System India Private Limited (merged w.e.f 1 Oct 2012) 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 · Siemens Healthcare Diagnostics K.K., Japan · Siemens Japan K.K., Japan · Yaskawa Siemens Automation and Drives Coporation Japan · Siemens TOO, Kazakhstan · Siemens Kenya Limited, Kenya · Siemens Limited Seou,l Korea · Siemens Electrical and 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 SI,T 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 · OOO Siemens, Russia · Arabia Electric Limited (Equipment), Saudi-Arabia · ISCOSA Industries and Maintenance Limited, Saudi-Arabia · Siemens Limited, Saudi-Arabia · Siemens Electronics Assembly Systems Pte. Limited, Singapore · Siemens Healthcare Diagnostics Pte. Limited, Singapore · Siemens IT Solutions and Services Operations Pte. Limited, Singapore · Siemens Pte. Limited, Singapore · Siemens s.r.o. Slovakia · Siemens d.o.o. Slovenia · Siemens (Proprietary) Limited, South Africa · Fábrica Electrotécnica 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 Tanzania Limited, Tanzania · Siemens IT Solutions and Services Limited, Thailand · Siemens Limited, Thailand · Siemens S.A. Tunisia · Siemens Sanayi ve Ticaret A.S. Turkey · Siemens Sanayi ve Ticaret A.S. Gebze R and D Center, Turkey · Siemens Ukraine (erstwhile DP Siemens Ukraine), Ukraine · SD (Middle East) LLC, United Arab Emirates · Siemens LLC ,United Arab Emirates · Morgan Construction Company, USA · Siemens Corporation, USA · Siemens Demag Delaval Turbomachinery, Inc. USA · Siemens Energy, Inc. USA · Siemens Energy, Inc. (US) - Fossil Products (OPP), USA · Siemens Energy, Inc. (US) – Oil and Gas (PT2) ,USA · Siemens Energy, Inc. (US) - Transmission (PPR), USA · Siemens Healthcare Diagnostics Inc. USA · Siemens Industry, Inc. USA · Siemens Medical Solutions USA, Inc. USA · S' Industry – WT, USA · Siemens Water Technologies LLC, USA · SMS Inc. - Customer Solutions Group, USA · Winergy Drive Systems Corporation, USA · Siemens S.A. Venezuela · Siemens Automation Systems Limited, Vietnam · Siemens Limited, Vietnam |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.712.240
Millions
As on 30.09.2013
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000000 |
Equity Shares |
Rs.2/- each |
Rs.2000.000 Millions |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
356983950 |
Equity Shares |
Rs.2/- each |
Rs.714.000 Millions |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
356119885 |
Equity Shares |
Rs.2/- each |
Rs.712.000 Millions |
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 Millions |
|
Shares outstanding at the beginning of the year |
340,295,025 |
681.000 |
|
Shares issued/subscribed during the year |
15,824,860 |
31.000 |
|
Shares outstanding at the end of the Year |
356,119,885 |
712.000 |
During the year, the paid up share capital of the Company increased consequent to the issue of 15,824,785 (2012: Nil) equity shares on the amalgamation of SVAI, SPEL and Winergy and allotment of 75 (2012: 125) equity shares to member upon settlement of a disputed case.
* denotes figures less than a million
Details of
shareholders holding more than 5% shares in the Company as on 30th September:
|
Particular |
No. of shares held |
% of Holding |
|
Siemens Aktiengesellschaft, Germany and its subsidiary. |
267,089,913 |
75.00% |
|
Life Insurance Corporation of India |
20,247,974 |
5.69% |
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.
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 |
30.09.2013 |
|
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 2013, the amount of per share dividend recognised for distribution to equity
shareholders is Rs.5 (2012: 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 Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2014 |
30.09.2013 |
30.09.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
712.240 |
712.000 |
681.000 |
|
(b) Reserves & Surplus |
43,044.403 |
39,591.000 |
38,922.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Share capital suspense account |
0.000 |
0.000 |
23.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
43,756.643 |
40,303.000 |
39,626.000 |
|
|
|
|
|
|
(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 |
522.162 |
837.000 |
1,048.000 |
|
(d) long-term provisions |
2,669.325 |
2,535.000 |
3,075.000 |
|
Total Non-current
Liabilities (3) |
3,191.487 |
3,372.000 |
4,123.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
27,372.659 |
25,518.000 |
26,542.000 |
|
(c) Other
current liabilities |
16,470.842 |
15,700.000 |
22,079.000 |
|
(d) Short-term
provisions |
11,797.167 |
13,547.000 |
14,077.000 |
|
Total Current
Liabilities (4) |
55,640.668 |
54,765.000 |
62,698.000 |
|
|
|
|
|
|
TOTAL |
102,588.798 |
98,440.000 |
106,447.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
13,965.381 |
13,559.000 |
13,901.000 |
|
(ii)
Intangible Assets |
0.000 |
230.000 |
221.000 |
|
(iii)
Capital work-in-progress |
0.000 |
889.000 |
850.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
81.772 |
432.000 |
410.000 |
|
(c) Deferred tax assets (net) |
3,738.400 |
4,297.000 |
3,176.000 |
|
(d) Long-term loans and Advances |
6,357.873 |
6,164.000 |
5,341.000 |
|
(e) Other
Non-current assets |
4,182.987 |
6,705.000 |
7,773.000 |
|
Total Non-Current
Assets |
28,326.413 |
32,276.000 |
31,672.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
10,472.087 |
9,334.000 |
9,431.000 |
|
(c) Trade
receivables |
36,437.308 |
37,668.000 |
39,124.000 |
|
(d) Cash
and cash equivalents |
11,209.919 |
6,038.000 |
9,768.000 |
|
(e)
Short-term loans and advances |
7,775.888 |
4,909.000 |
5,690.000 |
|
(f) Other
current assets |
8,367.183 |
8,215.000 |
10,762.000 |
|
Total
Current Assets |
74,262.385 |
66,164.000 |
74,775.000 |
|
|
|
|
|
|
TOTAL |
102,588.798 |
98,440.000 |
106,447.000 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2014 |
30.09.2013 |
30.09.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
106,625.711 |
113,526.000 |
129,199.000 |
|
|
|
Other Income |
1,038.725 |
345.000 |
575.000 |
|
|
|
TOTAL
(A) |
107,664.436 |
113,871.000 |
129,774.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw materials consumed |
52,616.377 |
26,056.000 |
25,984.000 |
|
|
|
Purchase of traded goods |
24,413.401 |
23,629.000 |
24,398.000 |
|
|
|
(Increase) / decrease in inventories of finished goods, work-in-progress and traded goods |
(1,486.848) |
224.000 |
(1,014.000) |
|
|
|
Project bought outs and other direct costs |
0.000 |
35,459.000 |
49,110.000 |
|
|
|
Employee benefits expense |
14,118.073 |
13,524.000 |
11,959.000 |
|
|
|
Other expenses |
11,022.052 |
10,427.000 |
9,849.000 |
|
|
|
Exceptional item |
(3,827.124) |
(325.000) |
1,200.000 |
|
|
|
Prior period items |
0.000 |
0.000 |
799.000 |
|
|
|
TOTAL (B) |
96,855.931 |
108,994.000 |
122,285.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10,808.505 |
4,877.000 |
7,489.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
81.813 |
189.000 |
270.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10,726.692 |
4,688.000 |
7,219.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2,291.141 |
2,502.000 |
2,010.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8,435.551 |
2,186.000 |
5,209.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2,403.728 |
246.000 |
1,777.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6,031.823 |
1,940.000 |
3,432.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
6,110.000 |
4,771.000 |
|
|
|
|
|
|
|
|
|
|
Balance of Profit
and Loss account brought forward due to the amalgamation of Companies |
NA |
134.000 |
705.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
194.000 |
343.000 |
|
|
|
Dividend |
|
1,781.000 |
2,112.000 |
|
|
|
Tax on Dividend |
|
303.000 |
343.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
5,906.000 |
6,110.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports of goods Direct on FOB basis |
|
5,101.000 |
3,283.000 |
|
|
|
Project Business (Based on Actual Billing) |
|
7,128.000 |
14,067.000 |
|
|
|
Commission |
|
570.000 |
326.000 |
|
|
|
Service charges and others |
|
2,672.000 |
1,141.000 |
|
|
TOTAL EARNINGS |
NA |
15,471.000 |
18,817.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw materials, components, spare parts and traded goods |
|
34,869.000 |
39,859.000 |
|
|
|
Capital Goods |
|
445.000 |
1,031.000 |
|
|
TOTAL IMPORTS |
NA |
35,314.000 |
40,890.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
19.64 |
5.45 |
9.75 |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2014 |
30.09.2013 |
30.09.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
5.66 |
1.71 |
2.66 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.14 |
4.30 |
5.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.54 |
2.36 |
5.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.05 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.21 |
1.19 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.09.2012 |
30.09.2013 |
30.09.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
681.000 |
712.000 |
712.240 |
|
Reserves & Surplus |
38922.000 |
39591.000 |
43044.403 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share capital suspense account |
23.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
39626.000 |
40303.000 |
43756.643 |
|
|
|
|
|
|
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 |
30.09.2012 |
30.09.2013 |
30.09.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
129,199.000 |
113,526.000 |
106,625.711 |
|
|
|
(12.131) |
(6.078) |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.09.2012 |
30.09.2013 |
30.09.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Sales
|
129,199.000 |
113,526.000 |
106,625.711 |
|
Profit |
3,432.000 |
1,940.000 |
6,031.823 |
|
|
2.66% |
1.71% |
5.66% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
Case Details |
||||||||
|
Bench:- Bombay |
||||||||
|
Presentation Date:- 04/10/2014 |
||||||||
|
Lodging No.:- |
CPL/713/2014 |
Filing Date:- |
04/10/2014 |
Reg. No.:- |
CP/864/2014 |
Reg. Date:- |
27/11/2014 |
|
|
|
||||||||
|
Petitioner:- |
PREMIER ROAD CARRIERS LIMITED |
Respondent:- |
SIEMENS LIMITED CIN L28920MH1957PLC010839 |
|||||
|
Petn.Adv:- |
WADIA GHANDY AND COMPANY (628) |
Resp. Adv.: |
NEGANDHI SHAH AND HIMAYATULLAH (832) |
|||||
|
District:- |
OUTSIDE MAHARASHTRA |
|||||||
|
Bench:- |
SINGLE |
Bench:- |
SINGLE |
|||||
|
Status:- |
Pre-Admission |
Category:- |
COMPANY PETITION U/SEC 433,434,439 COMPANIES ACT |
|||||
|
Last Date:- |
22/01/2015 |
Stage:- |
FOR ADMISSION - FOB |
|||||
|
Last Coram:- |
HON'BLE SHRI JUSTICE S.J. KATHAWALLA |
|||||||
|
Act :- |
Companies Act & Rules 1956 |
Under Section:- |
433 434 |
|||||
INDEX OF CHARGE:
|
Sr. 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 |
- |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
PRESS RELEASES
SIEMENS LAYS OFF 200, MAY CUT MORE
Globally, the company intends to cut expenses by $7.8 billion by 2014
June 21, 2013 Last Updated at 00:46 IST
Siemens Limited, the
Indian arm of German multi-national engineering
giant Siemens AG, has laid off over 200 employees across various units in the
country amid uncertain business environment and a sharp drop in profit. Siemens
is looking to sack another 400 employees, said an executive familar with the cost
rationalisation drive.
Most people laid off are in the junior management and officer category from
both technical and non-technical departments in factories and offices in Kalwa
(Mumbai), Kolkata and Vadodara. Several of them are over 50 years and only with
a few years of services left. However, no union members have been sacked.
The lay-offs have mostly been in the switch-gear and transformer divisions,
where the business has slowed down. Siemens' downsizing move is not unique to
India. Globally, the company has undertaken a massive exercise to slash
expenses by $7.8 billion (Rs.464700.000 Millions today) by 2014. According to a
recent Bloomberg report, Siemens group has identified 8,000 job cuts globally.
It has about 370,000 employees globally.
Key sectors
Siemens operates in four key sectors—energy, health care, industries and
infrastructure. It employs over 11,200 people in India and competes with both
Indian and foreign companies such as Crompton Greaves, ABB, General Electric
and Alstom.
A slump in the capital goods sector has hit Siemens’ profit, and last year, the
company shut down its wind turbine plant in Vadodara. In the last six months
(the company follows the October-September financial calender), the order
inflow rose merely two per cent over the corresponding period of last year.
Sales were lower 17 per cent and net profit was down 74 per cent for the first
two quarters.
A company spokesperson added: “As part of the global operations of Siemens, in
India, too, we regularly reassess and consequently realign capacities. Siemens
has been present in India for over 140 years, and it is fully committed to
India, which remains an important growth market for us.”
The company gave no other explanation for the retrenchment, but sources and
analysts believe this is the result of consolidation of various business units
of the Siemens group and the company's drive to rationalise costs and improve
profit.
"In tough times, we have to take tough decisions. I am not paid to be the
most popular guy. I am paid to be the most successful guy to run the company.
Run a sustainable profitable company. The focus for the next 12 months is to
cut cost and avoid loss making investments,'' Siemens India's managing director
Armin Bruck said in a recent interview.
The affected employees, however, blame the company management for the crisis.
SIEMENS GETS NOD TO SET UP 6 MORE CENTRES OF
EXCELLENCE IN GUJARAT
The Gujarat government has
given its nod to German company Siemens to set up six more
centres of
excellence in the state's engineering colleges with an investment of Rs.7149.000
Millions.
Siemens has already invested about Rs.5000.000 Millions for setting up five
such centres of excellence in the state for which MoUs had been signed two
years back, state Finance Minister Saurabh Patel told PTI today.
With the availability of more funds, the Germany-based company approached the
Gujarat government in August for approval of its request to set up of six more
such centres in the engineering colleges of the state within the company's
current fiscal year ending on September 30, which has been granted, he said.
These centres of excellence will be set up at colleges in Morbi, Rajkot,
Bhavnagar, Patan, Jamnagar and Mehsana, he said.
These six centres will be in addition to the state government's already approved
five centres of excellence under PPP mode with the co-operation of Siemens
Industry Software (India) Private Limited, Patel said.
"The main focus of these centres is to train students of different
engineering institutes in-line with the latest industry needs and emerging
trends. These centres will be instrumental in providing skilled manpower to the
industries and employment opportunities to the youth," he added.
SIEMENS RAIL AUTOMATION BECOMES WHOLLY OWNED
SUBSIDIARY OF SIEMENS
Siemens Limited has now informed BSE that Siemens Rail Automation
Private Limited has become a Wholly Owned Subsidiary of the Company with effect
from October 01, 2014. With reference to the earlier announcement letter dated
January 30, 2014, relating to the Board of Directors of Siemens Limited had
approved the acquisition of 100% equity shares of Siemens Rail Automation
Private Limited from Siemens International Holding BV, Netherlands (99 99%) and
Siemens AG (0.01%) for a consideration of Rs.550.000 Millions. Siemens Limited informed
BSE that Siemens Rail Automation Private Limited has become a Wholly Owned
Subsidiary of the Company with effect from October 01, 2014.
SIEMENS INDIA MAY TURN PROFITABLE, Q3 NET SEEN AT
RS.900.000 MILLIONS
Siemens India may turn profitable, Q3 net seen at Rs.900.000 Millions
Siemens India , which will announce its third quarter (April-June) earnings
today, may report profit after tax of Rs.900.000 Millions during the quarter as
against loss of Rs.490.000 Millions in the year-ago period, according to
CNBC-TV18 poll estimates.
The company follows October-September as its financial year. Total
income from operations is expected to increase by 2.2 percent to Rs.27010.000
Millions in the quarter ended June 2014
from Rs.26430.000 Millions in the year-ago
period. Operating profit may be at Rs.1850.000 Millions versus loss of Rs.60.000 Millions and margin is likely to be at 6.8 percent as
against negative 0.2 percent year-on-year.
Expectations Analysts expect stagnant order book and clients related
issues in specific projects to lead to muted execution Flat order book Y-o-Y
(Rs.130000.000 Millions ) does not support revenue growth While margin is
likely to improve significantly Y-o-Y due to high provision last year, all
analysts will be focused on Q-o-Q margin performance and if they remain stable.
What to watch out for is recovery in margins, reversal of provisions for cost
overruns and pick up in execution apart from order inflow.
SIEMENS WINS INTERNATIONAL RECOGNITION FOR ITS
MOTORS MANUFACTURED IN INDIA
Mumbai, 2014-Oct-16
Siemens wins the “Global Efficiency Medal for Motors” for the Indian
region in the First Ever Global Efficiency Medal Competition for
Super-Efficient Electric Motors. The award was conferred by SEAD (Super-efficient
Equipment and Appliance Deployment), an initiative of the Clean Energy Ministerial. This award will
enhance buyers' ability to differentiate and choose among products on the basis
of their energy efficiency.
Siemens India won the Super-Efficient Equipment Appliance Deployment
(SEAD) Global Efficiency Medal for its 1LA2 series of Low Voltage IE3 induction
motors, verified by testing of 3.7kW and 11kW models. The Super-efficient
Equipment and Appliance Deployment (SEAD) initiative is an international
collaboration of 16 countries and an initiative under the Clean Energy
Ministerial, a global forum to share best practices and promote policies and
programs that encourage and facilitate the transition to a clean energy economy
across the world.
The Swedish Ministry of Enterprise, Energy and Communications hosted the
awards ceremony in Zurich, Switzerland. International dignitaries, including
the Ambassador for India to Switzerland and the Honorary Consul of Australia,
presented the awards at a ceremony on Tuesday, 7th of October 2014.
"Improving the energy efficiency of electric motors is critical for
the continued development of India's economy," said the Ambassador for
India in Switzerland, His Excellency Mr. M.K. Lokesh, who presented the two
awards to Siemens Limited. "The SEAD Awards help the market recognize the
most efficient products currently available and encourage the development of
new technologies."
Siemens’ 1LA2 series of Low Voltage IE3 induction motors manufactured in
India won in the IEC Induction Motor category for the India region as the most
efficient motors thereby providing the fastest return on investments to the
users. The SEAD Global Efficiency Medal helps in identifying the world’s most
efficient products and enhances buyers' ability to differentiate and choose
among products on the basis of their energy efficiency.
Bhaskar Mandal, Country Division Lead, Process Industries and Drives,
Siemens India, said, “Every Unit of power saved in India is an investment
towards sustaining its manufacturing competitiveness and economic growth.
Siemens is at the forefront in developing and introducing highly
energy-efficient motors for the Indian market and is also propagating its
adoption among end users through education. The ‘SEAD Global Efficiency Medal
for Motors’ is of great value not just to us but to our customers as well, who
strongly believe in the cause of energy conservation. This recognition is also
an endorsement of our investments in local Research & Development backed by
world class testing facilities in India.”
The induction motor is by far the most important type of electric motor
found today, and has become the focus of regulators around the world.
Medium-sized motors are of particular concern because they consume a lot of
energy. According to a 2011 International Energy Agency study, mid-sized motors
ranging in size from 0.75 kW (1 hp) to 375 kW (500 hp) accounted for more than
two-thirds of the electricity consumed by all motors worldwide in 2010.They
consumed 4,800 terawatt-hours of electricity, more than the combined
electricity consumption of Australia, India and the United States. That is why
even small improvements in efficiency of electric motor can have a huge impact
on the economy and environment.
While historically SEAD has been awarding ‘Global Efficiency’ medals to
various categories such as televisions, lightings etc., it introduced the
category of ‘Motors’ – IEC Induction Motors, NEMA Induction Motors, New
Technology motors less than 75 Kw and New Technology motors less than 100 Kw HP
– only in 2014.
SIEMENS INSTALLS INDIA’S FIRST ULTRASOUND SYSTEM
WITH WIRELESS TRANSDUCERS AT K.G. HOSPITAL, COIMBATORE
Coimbatore, 2014-Aug-06
Siemens is the only company providing an ultrasound system with wireless
transducers in the world. K.G. Hospital now has access to advanced ultrasound
technology, vital for clinical fields requiring a sterile environment. The
hospital can operate the transducers up to three meters away from the system.
Siemens Healthcare successfully installed India’s first ultrasound
system with wireless transducers at K.G. Hospital. The installation provides a
significant boost to availability of latest technology and healthcare
innovation.
In operating theatres or interventional environment, transducer cables
have always been a cumbersome necessity in ultrasound imaging. Not only are
they an impediment to fast and ergonomic examination procedures, but they also
present an infection control risk in sterile interventional settings, even when
they are covered in sterile sheaths. Acuson Freestyle is the solution to these
problems – it eliminates the cables and also helps the user to operate the
transducers up to three meters away from the system without compromising the
sterile field,
providing a more ergonomic environment for physicians.
“Siemens is a pioneer in ultrasound imaging and the wireless ultrasound
system is a result of our continued contribution towards innovation. In Acuson
Freestyle, removal of cables has made a significant difference enabling an
ergonomic environment for physicians in operating theatres or interventional
environment, further helping them to make better treatment decisions,”
mentioned Mr. Kailash Yagnik, Head - Clinical Products Division, Siemens
Healthcare, India.
Dr. G. Bakthvathsalam, Chairman, K.G. Hospital (a 350-bedded NABH
accredited), comments “At K.G. Hospital we aim to provide world-class imaging
service at affordable rates. This will enable a vast majority of our population
to receive the benefits of international standard diagnostic services and we
are convinced that the Siemens Acuson Freestyle solution will help us achieve
this objective.”
Three wireless transducers are available for the Acuson Freestyle
system, covering a range of general imaging, vascular and high-frequency
applications such as musculoskeletal and nerve imaging. The user can operate
the transducers up to three meters away from the system, which includes an
ergonomic interface that enables remote control of scanning parameters from
within the sterile field. The Acuson Freestyle system has a 38-centimeter,
high-resolution LED display. The system console can be mounted easily on a
lightweight cart. It operates on very high frequency and very low power so it
won’t interfere with other equipment. One of the benefits of low power is that
the battery life is high as the consumption is relatively low. The system can
be operated for 90 minutes with one battery. All the batteries are rechargeable
and interchangeable; it has an alternate battery if the current one gets
depleted.
Wireless transducers can also expand ultrasound into new and emerging
applications, such as administering nerve blocks, enhancing vascular access,
and improving target localization through ultrasound guidance during
therapeutic interventions and biopsies.
SIEMENS SOLUTIONS TO BOOST RELIABILITY, STABILITY
OF INDIA’S ELECTRIC GRID
Mumbai, 2014-Jul-30
Order worth Rs.4110.000 Millions for supply of Static Var Compensators
at three substation locations.
Siemens Limited announced that it has won a crucial turnkey order
(design, engineering, commissioning and installation) from Power Grid
Corporation of India Limited (PGCIL) worth approximately Rs.4110.000 Millions.
The order is for Static Var Compensators (SVCs) for three of PGCIL’s
substations: Ludhiana in Punjab, Kankroli in Rajasthan and New Wangpoh in Jammu
& Kashmir.
An SVC is a high-voltage system that dynamically controls the network
voltage and keeps the network voltage constant. The order is for one of a
series of SVC projects planned by PGCIL to improve grid stability across India.
“The delivery of stable, reliable power supply to meet the increasing
demands from industry and urban centers is crucial for India’s sustainable
progress. It is a matter of immense pride for Siemens that we have been chosen
by Power Grid Corporation to be an integral part of this project,” said Sunil
Mathur, Managing Director and Chief Executive Officer, Siemens Limited.
SIEMENS MAY CLOSE SOME ENERGY PLANTS AMID LOW
MARGINS
Oct 4 (Reuters) - German industrial conglomerate Siemens expects low
profit margins at its energy division in the next couple of years and could
close some factories as a result, the head of the division told the Boersen-Zeitung
newspaper.
Lisa Davis said the company was reviewing individual sites and it was
unclear whether some would be closed or whether they would be used for
different products.
"We will see low margins (in the Power and Gas unit) in the next two
to three years," she was quoted as saying.
The newly-created Siemens Power and Gas division makes products ranging
from gas turbines and compressors to oilfield equipment. Siemens strengthened
it this year with the acquisitions of U.S.-based Dresser Rand as well as Rolls
Royce's power unit.
The takeovers will help Siemens adjust to a change in energy markets, where small,
decentralised units are on the rise to the detriment of large power plants,
Davis told the paper.
"By 2030 about a third of our electricity will come from local
systems," she was quoted as saying.
When announcing the Dresser Rand deal last month, Siemens Chief
Executive Joe Kaeser said he expected demand for products such as gas turbines
to rebound from 2016, adding the synergies from the deal justified the purchase
price.
Siemens expects more than 150 million euros in annual synergies by 2019
from the Dresser Rand transaction, which complements its business in turbo
compressors, downstream and industrial applications as well as larger steam
turbines.
Davis indicated the group may not have to wait that long.
"We have calculated the synergies rather conservatively. It is well
possible that we will see positive surprises," she told the paper.
(Reporting by Arno Schuetze; Editing by Mark Potter)
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.61.69 |
|
UK Pound |
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
78 |
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.