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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

483817

Report Date :

01.01.2018

 

IDENTIFICATION DETAILS

 

Name :

SIEMENS LIMITED (w.e.f.31.03.1987)

 

 

Formerly Known As :

SIEMENS INDIA LIMITED (w.e.f.23.10.1967)

 

SIEMENS ENGINEERING AND MANUFACTURING CO. OF INDIA LIMITED

 

SIEMENS ENGINEERING AND MANUFACTURING COMPANY OF INDIA PRIVATE LIMITED

 

 

Registered Office :

Birla Aurora, Level 21, Plot No.1080, Dr. Annie Besant Road, Worli, Mumbai – 400030, Maharashtra

Tel. No.:

91-22–24987000

 

 

Country :

India

 

 

Financials (as on) :

30.09.2017

 

 

Date of Incorporation :

02.03.1957

 

 

Com. Reg. No.:

11-010839

 

 

Capital Investment / Paid-up Capital :

INR 712.240 Million

 

 

CIN No.:

[Company Identification No.]

L28920MH1957PLC010839

 

 

IEC No.:

0388070005

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACS0764L

 

 

Legal Form :

A Public Limited Liability Company.  The Company’s Shares are Listed on the Stock Exchanges.

 

 

Line of Business :

The business of the Company is divided into eight segments. These segments are the basis for management control and hence, form the basis for reporting. The business of each segment comprises of :

 

- Power and Gas: - Provides products and solutions for generation of electricity from fossil and renewable fuels for utilities, independent power producers and engineering, procurement and construction (EPC) companies and the reliable transport of oil and natural gas.

 

- Energy Management: - Supplier of products, systems, solutions and services for transmission and distribution of electrical energy for power utilities and industrial companies. Portfolio ranges from systems for low-voltage grids and distribution grids to solutions for smart grids and energy automation systems to power supply systems for industrial plants and high-voltage transmission systems.

 

- Building Technologies: - Provider of safe, secure, energy-efficient and eco-friendly buildings and infrastructures. As a technology partner, consultant, service provider, systems integrator and product vendor, offerings range from fire safety, security, building automation, heating, ventilation, air conditioning and energy management.

 

- Mobility: - Supplier of solutions for passenger and freight transportation – including rail vehicles, rail automation systems, rail electrification systems, road traffic technology and IT solutions.

 

- Digital Factory: - Contains portfolio of leading edge software solutions and automation technologies covering the complete life cycle from product design and production execution to services for manufacturing companies.

 

- Process Industries and Drives: - Provides products, systems, solutions and services across entire life cycles for all industry sectors.

 

- Healthcare:- Provides technology for the healthcare industry – medical imaging, laboratory diagnostics and solutions for the healthcare IT.

 

- Metals Technologies: - Provides Metallurgical Plant Building Technology catering services, design and engineering, equipment supply and supervision of erection and commissioning of wire rods and bar mills.

 

- Others:- Services provided to other group companies and lease rentals have been classified as “Others”.

 

  • Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus

 

  • Manufacturing of electric signaling, safety or traffic-control equipment 

 

  • Manufacture of general purpose machinery

 

  • Manufacture of irradiation, electro medical and electrotherapeutic equipment. (Registered Activity)

 

 

No. of Employees :

9580 (Approximately) (As on 30.09.2016)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A++

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

 

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 digital factory.

 

The company aims to be an integrated technology provider for India's sustainable growth. Its solutions address challenges ranging from efficient and modernized manufacturing, intelligent infrastructure, energy efficiency and integrated automation to mobility and transportation, rapid urbanization, reliable power and sustainability.

 

Siemens (parent entity) ranked 66 in the Global 500 companies list.

 

For the financial year 2017, the company has increased in its operational performance as compared to previous year and maintained decent profit margin of 10.24%.

 

The ratings draw comfort from the strong financial profile of the company marked by a robust capital structure and debt free balance sheet.

 

Share price are quote high on stock exchange (Share price of INR 1245 with face value of INR 2).

 

Rating also derives strength from strong market position and diversified business portfolio, technical and managerial support from parent 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 fair. 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 term 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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

 

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 01.01.2018

 

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CRISIL

Rating

Long Term Rating = AAA

Rating Explanation

Highest degree of safety and carry lowest credit risk.

Date

30.06.2017

 

Rating Agency Name

CRISIL

Rating

Commercial Paper=A1+

Rating Explanation

Very strong degree of safety and carry lowest credit risk.

Date

30.06.2017

 

 

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 31-03-2016.

 

 

INFORMATION DENIED

 

MANAGEMENT NON CO-OPERATIVE (91-22-24987000/ 39677000/ 39672340)

 

[Mobile No.: 91-9820924775 (Satish Sarang)- Number not available]

 

 

LOCATIONS

 

Registered/ Corporate Office :

Birla Aurora, Level 21, Plot No.1080, Dr. Annie Besant Road, Worli, Mumbai – 400030, Maharashtra, India

Tel. No.:

91-22–24987000/ 01/ 02/ 24931349/ 50/ 39677000

Fax No.:

91-22–24987500/ 52/ 24941758/ 39677500

E-Mail :

ketan.thaker@siemens.com

Website :

http://www.siemens.co.in

 

 

Plant Locations :

MAHARASHTRA

E-76, Waluj, MIDC Area, Aurangabad – 431136, Maharashtra, India

 

Plot No – A 1/2, Five Star MIDC, Shendra, Aurangabad – 431201, Maharashtra, India

 

Plot No. C-1, Additional Industrial Area, MIDC, Ambad, Nashik - 422010, Maharashtra, India

 

Thane-Belapur Road, Airoli Node, Navi Mumbai – 400708, Maharashtra, India

 

GOA

L-6, Verna Industrial Area, Panjim-Margao Highway, Verna, Goa – 403722, India

 

N73 and N74, Verna Industrial Estate, Verna - Salcete, Goa – 403 722, India

 

GUJARAT

589, Sayajipura, Ajwa Road, Vadodara – 390019, Gujarat, India

 

Plot B, Halol Phase – II, GIDC Industrial Estate, Village Chandrapura, Halol, District: Panchmahal - 389350, Gujarat, India

 

TELANGANA

Plot No. 89 and 90, IDA, Gandhinagar, Post Balanagar, Hyderabad – 500037, Telangana, India

 

KARNATAKA

97/2,, Devanahalli Road, Off Old Madras Road, Virgo Nagar Post, Bangalore - 560049, Karnataka, India

 

WEST BENGAL

Nimpura Industrial Growth Centre, PO: Rakhajungle, Paschim Midnapur, Kharagpur – 721301, West Bengal, India

 

PUDUCHERRY

Unit - I, R.S No 16/8, Kurumbapet Village, Villianur Commune - 605009, Puducherry, India

 

Unit - II, R.S No 23/2A, Uruvaiyaru Road, Abishegapakkam – 605007, Puducherry, India

 

HARYANA

Plot No. 37, Ground Floor, Sector-18, Huda, Gurugram – 122 015, Haryana, India

 

TAMILNADU

309/2, A Block 100, Chettipedu Village, Thandalam Post, Sriperumbudur Taluk, Kancheepuram - 602 105, Tamilnadu, India

 

 

Sales Office 1 :

54/9D, Kishan Garh Village, Vasant Kunj, New Delhi – 110070, India

 

 

Sales Office 2 :

C/O Spear Logistics Building, Block No. C4, B/2,  Shree Rajlaxmi Logistics Park, Vapde Village, Bhiwandi, Thane – 421302, Maharashtra, India

 

 

Sales Office :

Also located at:

 

  • Ahmedabad
  • Bangalore
  • Chandigarh
  • Chennai
  • Coimbatore
  • Hyderabad
  • Kharghar
  • Kolkata
  • Lucknow
  • Mumbai
  • Nagpur
  • New Delhi
  • Vadodara

 

 

DIRECTORS

 

AS ON 2017

 

Name :

Mr. Sunil Dass Mathur

Designation :

Managing Director and Chief Executive Officer

Address:

B-1/29-30, Prithvi Apartments, Altamount Road, Off Anstey Road, Mumbai - 400026, Maharashtra, India

Date of Appointment :

22.07.2008

DIN No.:

02261944

 

 

Name :

Mr. Christian Rummel

Designation :

Whole-time Director

Address:

Vastu Co-Operative Housing Society Limited, Flat No.1202, 12th Floor, Plot No. 26-B, Worli Estate, Worli, Mumbai - 400018, Maharashtra, India

Date of Birth/Age :

17.04.1969

Date of Appointment :

01.02.2014

DIN No.:

01992982

 

 

Name :

Mr. Deepak Shantilal Parekh

Designation :

Director

Address:

Flat No. 4607, The Imperial Tower, North 46th Floor, B B Nakashe Marg (Tardeo Road), Tardeo, Mumbai - 400034, Maharashtra, India

Date of Birth/Age :

18.10.1944

Date of Appointment :

07.11.2003

DIN No.:

00009078

 

 

Name :

Mr. Keki Bomi Dadiseth

Designation :

Director

Address:

8A, Maneck, L. D. Ruparel Marg, Off Nepeansea Marg, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

20.12.1945

Date of Appointment :

27.01.2006

DIN No.:

00052165

 

 

Name :

Mr. Yezdi Hirzi Malegam

Designation :

Director

Address:

Goolestan, 37,Cuffe Parade,Colaba, Mumbai - 400005, Maharashtra, India

Date of Birth/Age :

24.09.1933

Date of Appointment :

01.04.1998

DIN No.:

00092017

 

 

Name :

Mr. Darius Cavasji Shroff

Designation :

Director

Address:

Moonlight, Flat No. 8, Maharishi Karve Road, Mumbai - 400020, Maharashtra, India

Date of Birth/Age :

08.08.1944

Date of Appointment :

20.02.1997

DIN No.:

00170680

 

 

Name :

Mr. Josef Kaeser

Designation :

Director

Address:

Sindorf 15, Arnbruck - 93471, Germany

Date of Birth/Age :

23.06.1957

Date of Appointment :

01.10.2006

DIN No.:

00867264

 

 

Name :

Ms. Mariel Von Schumann

Designation :

Director

Address:

Trogerstr. 44, Munchen - 81675, Germany

Date of Birth/Age :

05.07.1971

Qualification :

Master in Economics

Date of Appointment :

02.08.2013

DIN No.:

06625674

 

 

Name :

Cedrik Francis Wolfgang Neike

Designation :

Nominee Director

Address:

Isoldestr. 2 Berlin 12159 De

Date of Appointment :

10.05.2017

DIN No.:

07810035

 

 

Name :

Johannes Apitzsch

Designation :

Director

Address:

Nussbaumweg 17 Rathsberg Marloffstein 91080 De

Date of Appointment :

27.04.2012

DIN No.:

05259354

 

 

KEY EXECUTIVES

 

Name :

Mr. Ketan Thaker

Designation :

Company Secretary

Address:

C-906, Spring Leaf 5 CHS Limited, Lokhandwala Township, Akurli Road, Kandivli (East), Mumbai - 400101, Maharashtra, India

Date of Appointment :

02.08.2013

PAN No.:

ACVPT7223M

 

 

Name :

Dominik Hofmann

Designation :

Head, Power and Gas

 

 

Name :

Harald Griem

Designation :

Head, Energy Management

 

 

Name :

Devidas Kulkarni

Designation :

Head, Building Technologies

 

 

Name :

Tilak Raj Seth

Designation :

Head, Mobility

 

 

Name :

Ashish Bhat

Designation :

Head, Digital Factory

 

 

Name :

Bhaskar Mandal

Designation :

Head, Process Industries and Drives

 

 

Audit Committee :

 

·         Mr. Yezdi H. Malegam - Chairman

·         Mr. Deepak S. Parekh

·         Mr. Keki B. Dadiseth

·         Mr. Johannes Apitzsch

 

 

Nomination and Remuneration Committee :
  • Mr. Yezdi H. Malegam - Chairman
  • Mr. Darius C. Shroff
  • Mr. Deepak S. Parekh
  • Mr. Joe Kaeser

·         Ms. Mariel von Schumann

 

 

Stakeholders Relationship

Committee :
  • Mr. Darius C. Shroff - Chairman

·         Mr. Sunil Mathur

 

 

Corporate Governance Committee :
  • Mr. Deepak S. Parekh - Chairman
  • Mr. Sunil Mathur
  • Mr. Christian Rummel

·         Ms. Mariel von Schumann

 

 

Risk Management Committee :
  • Mr. Yezdi H. Malegam - Chairman
  • Mr. Deepak S. Parekh
  • Mr. Keki B. Dadiseth

·         Mr. Johannes Apitzsch

 

 

Share Transfer Committee :

·         Mr. Sunil Mathur - Chairman

·         Mr. Christian Rummel

 

 

Corporate Governance

Committee :
  • Mr. Keki B. Dadiseth - Chairman
  • Mr. Deepak S. Parekh
  • Mr. Yezdi H. Malegam
  • Mr. Darius C. Shroff
  • Mr. Joe Kaeser
  • Dr. Roland Busch
  • Mr. Johannes Apitzsch

·         Mr. Sunil Mathur

 

 

SHAREHOLDING PATTERN

 

AS ON 30.09.2017

 

Category of shareholder

No. of fully paid up equity shares held

Shareholding as a % of total no. of shares (calculated as per SCRR, 1957)As a % of

(A) Promoter and Promoter Group

267089913

75.00

(B) Public

89030342

25.00

Grand Total

356120255

100.00

 

 

Statement showing shareholding pattern of the Promoter and Promoter Group

 

Category of shareholder

No. of fully paid up equity shares held

Shareholding as a % of total no. of shares (calculated as per SCRR, 1957)As a % of

A1) Indian

0.00

Any Other (specify)

267089913

75.00

Siemens Aktiengesellschaft, Germany

255351805

71.70

Siemens Metals Technologies Vermogensverwaltungs Gmbh

11738108

3.30

Sub Total A1

267089913

75.00

A2) Foreign

0.00

A=A1+A2

267089913

75.00

 

Statement showing shareholding pattern of the Public shareholder

 

Category & Name of the Shareholders

No. of fully paid up equity shares held

Shareholding % calculated as per SCRR, 1957 As a % of

B1) Institutions

0

0.00

Mutual Funds/

11187190

3.14

HDFC Trustee Company Limited

6520017

1.83

Foreign Portfolio Investors

17466173

4.90

Financial Institutions/ Banks

135067

0.04

Insurance Companies

21596454

6.06

Life Insurance Corporation of India

17800877

5.00

Sub Total B1

50384884

14.15

B2) Central Government/ State Government(s)/ President of India

0

0.00

Central Government/ State Government(s)/ President of India

150

0.00

Sub Total B2

150

0.00

B3) Non-Institutions

0

0.00

Individual share capital upto INR 0.200 Million

32585266

9.15

Individual share capital in excess of INR 0.200 Million

587306

0.16

NBFCs registered with RBI

10263

0.00

Any Other (specify)

5462473

1.53

Trusts

376643

0.11

Bodies Corporate

4374405

1.23

Director or Director's Relatives

26000

0.01

Clearing Members

685425

0.19

Sub Total B3

38645308

10.85

B=B1+B2+B3

89030342

25.00

 

 

BUSINESS DETAILS

 

Line of Business :

The business of the Company is divided into eight segments. These segments are the basis for management control and hence, form the basis for reporting. The business of each segment comprises of :

 

- Power and Gas: - Provides products and solutions for generation of electricity from fossil and renewable fuels for utilities, independent power producers and engineering, procurement and construction (EPC) companies and the reliable transport of oil and natural gas.

 

- Energy Management: - Supplier of products, systems, solutions and services for transmission and distribution of electrical energy for power utilities and industrial companies. Portfolio ranges from systems for low-voltage grids and distribution grids to solutions for smart grids and energy automation systems to power supply systems for industrial plants and high-voltage transmission systems.

 

- Building Technologies: - Provider of safe, secure, energy-efficient and eco-friendly buildings and infrastructures. As a technology partner, consultant, service provider, systems integrator and product vendor, offerings range from fire safety, security, building automation, heating, ventilation, air conditioning and energy management.

 

- Mobility: - Supplier of solutions for passenger and freight transportation – including rail vehicles, rail automation systems, rail electrification systems, road traffic technology and IT solutions.

 

- Digital Factory: - Contains portfolio of leading edge software solutions and automation technologies covering the complete life cycle from product design and production execution to services for manufacturing companies.

 

- Process Industries and Drives: - Provides products, systems, solutions and services across entire life cycles for all industry sectors.

 

- Healthcare:- Provides technology for the healthcare industry – medical imaging, laboratory diagnostics and solutions for the healthcare IT.

 

- Metals Technologies: - Provides Metallurgical Plant Building Technology catering services, design and engineering, equipment supply and supervision of erection and commissioning of wire rods and bar mills.

 

- Others:- Services provided to other group companies and lease rentals have been classified as “Others”.

 

  • Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus

 

  • Manufacturing of electric signaling, safety or traffic-control equipment 

 

  • Manufacture of general purpose machinery

 

  • Manufacture of irradiation, electro medical and electrotherapeutic equipment. (Registered Activity)

 

 

Products :

Product Description

NIC Code

Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus

271

Manufacturing of electric signaling, safety or traffic-control equipment 

279

Manufacture of general purpose machinery

281

Manufacture of irradiation, electro medical and electrotherapeutic

equipment*

266

Note:

 

* Included since Healthcare undertaking was part of Siemens Limited for reporting period as the same was carved out in July 2016.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS – NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Experience :

--

Maximum Limit Dealt :

--

Remark :

--

 

 

Customers :

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Experience :

--

Maximum Limit Dealt :

--

Remark :

--

 

 

No. of Employees :

9580 (Approximately) (As on 30.09.2016)

 

 

Bankers :

(As on 30.09.2016)
  • 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

 

Name :

S.R. Batliboi and Company LLP

Chartered Accountants

Address:

14th Floor, The Ruby 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India

Tel No.:

91-22-61920000

Fax No.:

91-22-61921000

 

Cost Auditors :

 

Name :

R. Nanabhoy and Company

Cost Accountants

 

 

Secretarial Auditors :

 

Name :

Parikh Parekh and Associates

Chartered Accountants

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding company:

(As on 30.09.2016)

Siemens AG

 

 

Subsidiary:

(As on 30.09.2016)

Siemens Rail Automation Private Limited, India

 

 

Fellow Subsidiaries:

(As on 30.09.2016)

 
  • Siemens S.A. Angola
  • Siemens S.A. Argentina
  • Siemens Limited, Australia
  • ETM professional control GmbH, Austria
  • Siemens Aktiengesellschaft Österreich, Austria
  • Siemens Convergence Creators GmbH, Austria
  • Siemens Metals Technologies Vermögensverwaltungs GmbH (previously

known as Siemens VAI Metals Technologies GmbH, Germany) Austria

  • Siemens AG Österreich, Plant Rail Systems Wien Austria
  • Siemens AG Österreich, Plant Transformers Wien Austria
  • Primetals Technologies Austria GmbH (upto 07.01.2015) 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
  • Siemens Canada Limited, - RuggedCom, Canada
  • Siemens Hearing Instruments Inc. Canada
  • Trench Limited, Canada
  • Siemens Canada Limited, - 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, Shanghai China
  • Siemens Electrical Apparatus Limited, Suzhou 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, Hangzhou 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, Nanjing 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, China
  • Siemens Switchgear Limited, Shanghai China
  • Siemens Transformer (Guangzhou) Co. Limited, China
  • Siemens VAI Metals Technologies Co. Limited, Shanghai (upto 07.01.2015) 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 and Communication Limited, China
  • Yangtze Delta Manufacturing Co. Limited, Hangzhou China
  • Siemens Industry Software (Shanghai) Co. Limited, China
  • Siemens Industrial Turbomachinery (Huludao) Co. Limited, China
  • Siemens S.A. Columbia
  • Koncar-Energetski Transformatori, d.o.o. 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 A/S Flow Instruments Denmark
  • Siemens S.A. El Salvador
  • 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 (upto 07.01.2015) France
  • Trench France S.A.S. France
  • Alpha Verteilertechnik GmbH Germany
  • Evosoft GmbH Germany
  • HSP Hochspannungsgeräte GmbH Germany
  • 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 Industriegetriebe GmbH Germany
  • Siemens Power Control GmbH Germany
  • Siemens Turbomachinery Equipment GmbH Germany
  • Siemens VAI Metals Technologies GmbH (upto 07.01.2015) 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
  • MessMa GmbH (upto 21.09.2015) Germany
  • Siemens Healthcare GmbH Germany
  • Dresser-Rand GmbH Germany
  • Siemens AG - DF/PD CS, Erlangen Germany
  • Siemens Industry Software GmbH Germany
  • Siemens AG - Credit Warehouse Germany 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 (upto 07.01.2015) Great Britain
  • Siemens Protection Devices Limited, Great Britain
  • Siemens Transmission and Distribution Limited, Great Britain
  • Siemens VAI Metals Technologies Limited, (upto 07.01.2015) Great Britain
  • Siemens Water Technologies Limited, (upto 15.01.2014) Great Britain
  • Siemens Industry Software Limited, Great Britain
  • Siemens Healthcare Diagnostics Limited, Hongkong
  • Siemens Limited, Hongkong
  • Siemens Healthcare Limited, Hongkong
  • Siemens Industry Software Limited, Hongkong
  • Siemens Zrt. Hungary
  • Siemens Healthcare Kft. Hungary
  • 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 Postal Parcel and Airport Logistics Private Limited, India
  • Siemens Technology and Services Private Limited, India
  • LMS India Engineering Solutions Private Ltd India
  • Preactor Software India Private Limited, India
  • VAI Metals Technologies Private Limited, (upto 07.01.2015) India
  • Dresser-Rand India Private Limited, India
  • Siemens Healthcare Private Limited, India
  • P.T. Siemens Indonesia Indonesia
  • PT. Siemens Industrial Power Indonesia
  • Europlex Technologies (Ireland) Limited, Ireland
  • Siemens Limited, Ireland
  • Siemens Concentrated Solar Power Limited, Israel
  • Siemens Israel Limited, Israel
  • Siemens S.p.A. Italy
  • Trench Italia S.r.l. Italy
  • HV-Turbo Italia S.r.l. Italy
  • Siemens S. p.A Metals Technologies, Milano (upto 07.01.2015) Italy
  • Siemens VAI Metals Technologies S.r.l. (upto 07.01.2015) Italy
  • Siemens Healthcare Diagnostics K.K. Japan
  • Siemens Japan K.K. Japan
  • Yaskawa Siemens Automation and Drives Corp. Japan
  • Siemens TOO Kazakhstan
  • Siemens Limited, Seoul Korea
  • Siemens Energy Solutions Limited, Korea
  • Siemens PETNET Korea Co. Limited, 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 Wind Power Blades, SARL AU Morocco
  • Siemens Nederland N.V. Netherland
  • Siemens Nederland N.V. - dependent ARE 456b Netherland
  • NEM Energy B.V. Netherland
  • Siemens (N.Z.) Limited, New Zealand
  • Siemens Limited, Nigeria
  • Siemens S.A. Nicaragua
  • 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 Pte. Limited, Singapore
  • Siemens Water Technologies Pte. Limited, Singapore
  • Siemens Pte Limited – AGT Service business Singapore
  • Siemens Healthcare 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 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 Middle East Limited, UAE
  • Siemens Healthcare FZ 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 and 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 and Airport Logistics LLC USA
  • Siemens Product Lifecycle Management Software Inc. USA
  • NEM USA Corp. USA
  • Siemens VAI Metals Technologies LLC (upto 07.01.2015) USA
  • Siemens Healthcare GmbH USA
  • Siemens Energy, Inc. (US) – Dist Gen (PRW) USA
  • Siemens S.A. Venezuela
  • Siemens Limited, Vietnam

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2017

 

Authorised Capital : 2006.251 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

356120255

Equity Shares

INR 2/- each

INR 712.240 Million

 

 

 

 

 

AS ON 30.09.2016

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000000

Equity Shares

INR 2/- each

INR 2000.000 Million

 

 

 

 

 

Issued Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

356983950

Equity Shares

INR 2/- each

INR 714.000 Million

 

 

 

 

 

 

 

Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

356120255

Equity Shares

INR 2/- each

INR 712.000 Million

 

 

 

 

 

a) Shares held by holding company and subsidiary of holding company:

 

255351805 Equity Shares of INR 2/- each, fully paid-up, are held by the holding company, Siemens AG, Germany.

 

11738108 Equity Shares of INR 2/- each, fully paid-up, are held by the Siemens Metal Technologies Vermogensverwaltungs GmbH (Formerly known as Siemens VAI Metals Technologies GmbH), a 100% subsidiary of Siemens AG, Germany.

 

Particular

 

Number

INR In Million

Shares outstanding at the beginning of the year

356120255

712.000

Shares issued/subscribed during the year

--

--

Shares outstanding at the end of the Year

356120255

712.000

 

During previous year, the paid up share capital was increased on allotment of 370 equity shares of INR 2 each, to members upon settlement of a disputed case.

 

c) Details of shareholders holding more than 5% shares in the Company as on 30 September:

 

Particular

No. of shares held

% of Holding

Siemens Aktiengesellschaft, Germany.

255351805

71.70%

 

As per of the company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding 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

 

30.09.2016

Fully paid up to the shareholders of Siemens Healthcare Diagnostics Limited. In accordance with the scheme of amalgamation

3134700

Fully paid up to the shareholders of Siemens VAI Metals Technologies Private Limited. in accordance with the scheme of amalgamation

11738108

Fully paid up to the shareholders of Siemens Power Engineering Private Limited. In accordance with the scheme of amalgamation

3461538

Fully paid up to the shareholders of Winergy Drive Systems India Private Limited. In accordance with the scheme of amalgamation

625139

 

e) Terms / rights attached to equity shares

 

The Company has only one class of equity shares having a par value of INR 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 2016, the amount of per share interim dividend distributed to equity shareholders is INR 27.50 aggregating INR 9793. The amount of per share final dividend recognized for distribution to equity shareholders is INR 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 INR Million]

 

ABRIDGED BALANCE SHEET – (STANDALONE)

 

SOURCES OF FUNDS

 

30.09.2017

30.09.2016

30.09.2015

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

712.240

712.000

712.000

(b) Reserves & Surplus

76334.830

65107.000

50554.000

(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)

77047.070

65819.000

51266.000

 

 

 

 

(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

376.700

525.000

1217.000

(d) long-term provisions

2196.220

2012.000

1840.000

(e) Trade payables

40.780

0.000

0.000

Total Non-current Liabilities (3)

2613.700

2537.000

3057.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

26515.470

21921.000

23647.000

(c) Other current liabilities

16823.350

11129.000

12687.000

(d) Short-term provisions

8231.100

16009.000

14620.000

Total Current Liabilities (4)

51569.920

49059.000

50954.000

 

 

 

 

TOTAL

131230.690

117415.000

105277.000

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

12212.140

11888.000

13522.000

(ii) Intangible Assets

53.260

67.000

89.000

(iii) Capital work-in-progress

1429.610

791.000

321.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

550.000

1647.000

1686.000

(c) Deferred tax assets (net)

2442.140

3253.000

3175.000

(d)  Long-term Loan and Advances

2482.600

7621.000

7260.000

(e) Other Non-current assets

8882.240

1146.000

1761.000

(f) Trade receivables

568.580

0.000

0.000

Total Non-Current Assets

28620.570

26413.000

27814.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

10165.000

9993.000

9509.000

(c) Trade receivables

34156.320

30159.000

30183.000

(d) Cash and cash equivalents

40712.920

35094.000

20959.000

(e) Short-term loans and advances

3733.100

7905.000

7698.000

(f) Other current assets

13842.780

7851.000

9114.000

Total Current Assets

102610.120

91002.000

77463.000

 

 

 

 

TOTAL

131230.690

117415.000

105277.000

 

 

PROFIT & LOSS ACCOUNT – (STANDALONE)

 

 

PARTICULARS

30.09.2017

30.09.2016

 

30.09.2015

 

SALES

 

 

 

 

 

Income

110147.530

108089.000

105124.000

 

 

Other Income

2547.470

1639.000

1604.000

 

 

TOTAL                                    

112695.000

109728.000

106728.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

53085.630

27024.000

24419.000

 

 

Purchases of Stock-in-Trade

19595.700

28093.000

24802.000

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

823.020

(1616.000)

1062.000

 

 

Project bought outs and other direct costs

0.000

18311.000

20531.000

 

 

Employees benefits expense

13926.210

14529.000

13831.000

 

 

Other expenses

12204.530

12016.000

10742.000

 

 

Exceptional Items

(5674.760)

(29923.000)

(7828.000)

 

 

TOTAL                                    

93960.330

68434.000

87559.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

18734.670

41294.000

19169.000

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

77.110

59.000

49.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

18657.560

41235.000

19120.000

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

1966.730

2264.000

2156.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

16690.830

38971.000

16964.000

 

 

 

 

 

Less

TAX                                                                 

5355.080

10091.000

5131.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

11335.750

28880.000

11833.000

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

31442.000

16921.000

9374.000

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Interim dividend

NA

9793.000

0.000

 

Tax on interim dividend

NA

1994.000

0.000

 

Proposed dividend

NA

2137.000

3561.000

 

Tax on proposed dividend

NA

435.000

725.000

 

Balance Carried to the B/S

NA

31442.000

16921.000

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Exports of goods Direct on FOB basis

NA

10384.000

8186.000

 

 

Project Business (Based on Actual Billing)

NA

1539.000

5374.000

 

 

Commission

NA

307.000

541.000

 

 

Service charges and others

NA

4862.000

3459.000

 

TOTAL EARNINGS

NA

17092.000

17560.000

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw materials, components, spare parts and traded goods

NA

36749.000

33087.000

 

 

Capital Goods

NA

581.000

317.000

 

TOTAL IMPORTS

NA

37330.000

33404.000

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

 

 

 

Basic

19.80

16.66

16.95

 

Diluted

31.83

81.10

33.23

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

30.09.2017

30.09.2016

 

30.09.2015

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

8575.000

8473.000

Net cash flows from (used in) operations

NA

5082.000

6180.000

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

30.09.2017

30.09.2016

 

30.09.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

113.19

101.84

104.80

 

 

 

 

Account Receivables Turnover

( Income / Sundry Debtors)

3.22

3.58

3.48

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

133.16

145.17

175.36

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

1.84

4.13

2.02

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

1.37

3.24

1.38

 

LEVERAGE RATIOS

 

PARTICULARS

 

30.09.2017

30.09.2016

 

30.09.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.39

0.42

0.48

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.67

0.75

0.99

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.18

0.19

0.27

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

242.96

699.90

391.20

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

30.09.2017

30.09.2016

 

30.09.2015

Net Profit Margin

[(PAT / Sales) * 100]

%

10.29

26.72

11.26

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

8.64

24.60

11.24

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

14.71

43.88

23.08

 

SOLVENCY RATIOS

 

PARTICULARS

 

30.09.2017

30.09.2016

 

30.09.2015

Current Ratio

(Current Assets / Current Liabilities)

1.99

1.85

1.52

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.79

1.65

1.33

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.59

0.56

0.49

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.99

1.85

1.52

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

STOCK PRICES

 

Face Value

INR 2.00/-

Market Value

INR 1245.00/-

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

30.09.2015

30.09.2016

30.09.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

712.000

712.000

712.240

Reserves & Surplus

50554.000

65107.000

76334.830

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

51266.000

65819.000

77047.070

 

 

 

 

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

30.09.2015

30.09.2016

30.09.2017

 

INR In Million

INR In Million

INR In Million

Sales

105124.000

108089.000

110147.530

 

 

2.820

1.904

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

30.09.2015

30.09.2016

30.09.2017

 

INR In Million

INR In Million

INR In Million

Sales

105124.000

108089.000

110147.530

Profit

11833.000

28880.000

11335.750

 

11.26%

26.72%

10.29%

 

 

 

ABRIDGED BALANCE SHEET (CONSOLIDATED)

 

SOURCES OF FUNDS

 

30.09.2017

30.09.2016

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

712.240

712.000

(b) Reserves & Surplus

 

76194.150

64875.000

(c) Money received against share warrants

 

0.000

0.000

 

 

 

 

(d) Minority Interest

 

0.000

0.000

Total Shareholders’ Funds (1) + (2)

 

76906.390

65587.000

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

0.000

0.000

(b) Deferred tax liabilities (Net)

 

0.000

0.000

(c) Other long term liabilities

 

553.870

525.000

(d) long-term provisions

 

2028.020

2018.000

(e) Trade Payables

 

40.780

0.000

Total Non-current Liabilities (3)

 

2622.670

2543.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

0.000

252.000

(b) Trade payables

 

26640.160

22006.000

(c) Other current liabilities

 

16970.740

11264.000

(d) Short-term provisions

 

8242.060

16018.000

Total Current Liabilities (4)

 

51852.960

49540.000

 

 

 

 

TOTAL

 

131382.020

117670.000

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

12234.370

11918.000

(ii) Intangible Assets

 

54.500

69.000

(iii) Capital work-in-progress

 

1429.610

791.000

(iv) Goodwill on consolidation

 

0.000

211.000

(v) Intangible assets under development

 

282.000

0.000

(b) Non-current Investments

 

0.000

1097.000

(c) Deferred tax assets (net)

 

2481.520

3253.000

(d)  Long-term Loan and Advances

 

2482.900

7722.000

(e) Other Non-current assets

 

8997.610

1175.000

(f) Trade receivables

 

582.360

0.000

Total Non-Current Assets

 

28544.870

26236.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

10214.220

10108.000

(c) Trade receivables

 

34303.660

30388.000

(d) Cash and cash equivalents

 

40747.470

35102.000

(e) Short-term loans and advances

 

3583.100

7856.000

(f) Other current assets

 

13988.700

7980.000

Total Current Assets

 

102837.150

91434.000

 

 

 

 

TOTAL

 

131382.020

117670.000

 

 

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

 

 

PARTICULARS

 

30.09.2017

30.09.2016

 

SALES

 

 

 

 

Income

 

110646.760

108358.000

 

Other Income

 

2531.780

1636.000

 

TOTAL

 

113178.540

109994.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

53385.490

27023.000

 

Purchases of Stock-in-Trade

 

19596.300

28093.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

 

823.420

(1616.000)

 

Project bought outs and other direct costs

 

0.000

18424.000

 

Employees benefits expense

 

14023.700

14627.000

 

Other expenses

 

12278.420

12106.000

 

Exceptional Items

 

(5674.760)

(29923.000)

 

TOTAL

 

94432.570

68734.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

18745.970

41260.000

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

78.730

79.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

18667.240

41181.000

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

1977.680

2347.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

16689.560

38834.000

 

 

 

 

 

Less

TAX

 

5322.530

10097.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

 

11367.030

28737.000

 

 

 

 

 

 

Earnings Per Share (INR)

 

 

 

 

Basic

 

19.89

16.28

 

Diluted

 

31.92

80.69

 

 

LEGAL CASES

 

Case Details

Bench:- Bombay

Presentation Date:- 22/03/2016

Lodging No. :

ITXAL/355/2016

Failing Date:-

22/03/2016

Reg. No.:-

ITXA/1274/2016

Reg. Date:-

21/07/2016

Petitioner:-

 

PR. COMMISSIONER OF INCOME TAX - 8

Respondent:-

SIEMENS LIMITED-

Petn.Adv:-

SURESH KUMAR (I2100)

Resp. Adv.:

PDS LEGAL (0)

District:-

MUMBAI

Bench:-

DIVISION

Category:-

TAX APPEALS

Status:-

Pre-Admission

Stage:-

FOR ADMISSION – FRESH

Next Date:-

18/01/2018

Coram:-

ACCORDING TO SITTING LIST

ACCORDING TO SITTING LIST

 

 

Act. :

Income Tax Act,1961

Under Section 260A

 

Case Details

Bench:- Bombay

Presentation Date:- 07/072017

Lodging No. :

CEXAL/82/2017

Failing Date:-

07/07/2017

Reg. No.:-

CEXA/198/2017

Reg. Date:-

01/08/2017

Petitioner:-

 

PRINCIPAL COMMISSIONER OF CGST AND CENTRAL EXCISE-

Respondent:-

SIEMENS LIMITED

Petn.Adv:-

RUJU R. THAKKER (I9588)

Resp. Adv.:

PDS LEGAL (826)

District:-

MUMBAI

Bench:-

DIVISION

Category:-

CENTRAL EXCISE APPEAL (CEXA)

Status:-

Pre-Admission

Stage:-

FOR ADMMISSION

Next Date:-

20/12/2017

Coram:-

HON’BLE SHRI JUSTICE M.S. SANKLECHA

HON’BLE SHRI JUSTICE R. I. CHAGLA

Last Date :

24/11/2017

Stage:-

FOR ADMMISSION - FRESH

Last Coram:-

HON’BLE SHRI JUSTICE A.S. OKA

HON’BLE SHRI JUSTICE A. K. MENON

Act. :

Central Excise and Salt Act

 

 

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

--

5

Buyer visit details

No 

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

 

NOTE: The registered office of the company has been shifted from “130, Pandurang Budhkar Marg, Worli, Mumbai – 400018, Maharashtra, India” to the present address w.e.f. 01.06.2017

 

 

INDEX OF CHARGE:

 

Charges Registered

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G44978898

90229627

HDFC BANK LIMITED

01/12/2000

25/05/2017

-

7560000000.0

HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL West Mumbai MAHARASHTRA 400013 INDIA

2

Y10193441

90103749

BANK OF BARODA

04/09/2000

11/10/2001

-

40000000.0

R.C. DUTT ROADALKAPURI BRANCH BARODA GUJARAT INDIA

3

Y10330112

90227321

AMERCAN EXPRESS BANK LTD

26/12/1972

-

-

127500000.0

364 DADABHAI NAOMJI ROAD BOMBAY MAHARASHTRA 400001 INDIA

4

B63499891

90283612

STATE BANAKOF INDIA

10/03/1995

01/12/2005

04/12/2012

309000000.0

INDUSTRIAL FINANCE BRANCH CHENNAI CHENNAI TAMILNADU 600002 INDIA

5

B63498737

90284316

STATE BANK OF INDIA

14/09/2004

14/09/2004

04/12/2012

103500000.0

INDUSTRIAL FINANCE BRANCH CHENNAI CHENNAI TAMILNADU 600002 INDIA

6

B58197567

90282998

PUNJAB NATIONAL BANK

30/06/1998

-

14/09/2012

3300000.0

TEYNAMPET BRANCHELDAMS ROAD CHENNAI TAMILNADU INDIA

7

B57241424

90282264

PUNJAB NATIONAL BANK

25/04/2000

-

05/09/2012

1750000.0

TEYNAMPET BRANCHELDAMS ROAD CHENNAI TAMILNADU INDIA

8

B58195454

90282146

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

17/06/1998

-

31/08/2012

7500000.0

10/10MADAN MOHAN MALVIYA MARG LUCKNOW UTTAR PRADESH 226001 INDIA

9

B57231730

90284106

STATE BANK OF MYSORE

11/01/2002

19/08/2009

17/08/2012

9000000.0

67 CP RAMASWAMY ROAD ABHIRAMAPURAM CHENNAI TAMILNADU 600018IN

10

B57234122

90283101

STATE BANK OF MYSORE

21/11/2000

-

17/08/2012

2000000.0

ABHIRAMAPURAM BRANCH CHENNAI TAMILNADU 600018 INDIA

 

 

CONTINGENT LIABILITIES (TO THE EXTENT NOT PROVIDED FOR)

(INR In Million)

Particulars

30.09.2017

30.09.2016

 

 

 

Income tax (excluding interest)

NA

4201.000

Excise, service tax and sales tax liabilities, under dispute

NA

7360.000

Customs liabilities, under dispute

NA

120.000

Claims against the Company not acknowledged as debts

NA

366.000

 

 

FIXED ASSETS:

 

Tangible assets

 

  • Freehold land
  • Buildings
  • Plant and equipment’s
  • Furniture and furniture
  • Office equipment
  • Vehicle

 

Intangible assets

 

  • Technical knowhow
  • Software

 

 

 

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

INR

US Dollar

1

INR 63.92

UK Pound

1

INR 86.06

Euro

1

INR 76.38

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRA

 

 

Report Prepared by :

SUD

 

 

SCORE FACTORS

 

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

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.