Trust Stamp for ESCORTS LIMITED


	ESCORTS LIMITED

Registered Office

Address :	11, Scindia House, Connaught Circus - 110 001, New Delhi, India.
Tel. No.:	91-11-23310145
Fax No.:	91-11-23310271

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SUMMARY

Incorporated	1944/10/17
Registration No.	1860
No. of Employees	Around 7464
Line of Business	Manufacturers of agri machinery, auto-components and railway equipment.

Status

Company is an established diversified engineering company of large size.

Litigation

Clear

Banking Reputation

Satisfactory

Auditors

Name :

S. N. Dhawan and Company, Chartered Accountants

LEGAL FORM

It is a public limited liability company. The companys shares are listed on the Stock Exchanges.

DIRECTORS

DIRECTORS
Name Mr. Rajan Nanda
Designation Chairman and Managing Director
Age 59 Years
Qualification Senior Cambridge, Training in UK and Germany
Experience 41 Years
Date of Joining 1970/04/03
Previous Employment Harparshad & Company Limited - Director
Name Mr. Anil Nanda
Designation Vice Chairman and Managing Director
Age 50 Years
Qualification Senior Cambridge
Experience 30 Years
Date of Joining 1981/07/01
Previous Employment Intercontinental Travancore (Private) Limited
Other Directorships Goetze (India) Limited, G I Power Corporation Limited, Goetze TP (India) Limited, G I Wind Power Company Limited, AN-GIP Leather (India) Limited, Escorts Farms Limited, Akme Project Limited, AN Enterprises Private Limited, Joint Investment Private Limited, GI Insurance Services Limited
Name Mr. Nikhil Nanda
Designation Executive Director and COO
Age 30 years
Qualification BBA
Name Mr. Y. H. Malegam
Designation Director
Name Mr. Nilesh Kampani
Designation Director
Name Dr. S. A. Dave
Designation Director
Qualification M.A. [Economics] Ph.D.
Other Directorships 1. HDFC Limited2. Crisil Limited3. SBI Gilts Limited4. Future Software Limited5. GIIC6. Phoenix Township Limited7. Captech Online Private Limited8. Quantum Information Services Limited9. Centre for Monitoring Indian Economy Private Limited10. Merchant Media Limited11. Indo National Limited12. Spice Corporation Limited13. Spice Net Limited
Name Dr. Fredie A. Mehta
Designation Director
Qualification Ph.D. in International Economics from London school of Economics
Other Directorships 1. Siemens Limited2. SKF Bearings India Limited3. Goodlass Nerolac Paints Limited4. Tata Investment Corporation Limited5. Tata McGraw-Hill Publishing Company Limited6. Rallis India Limited7. IVP Limited8. Tata Precision Industries Pte Limited
Name Dr. M. G. K. Menon
Designation Director
Qualification B.Sc., M.Sc., Ph.D., D.Sc [h.c.], F.R.S.
Other Directorships Indfos Industries Limited
Name Dr. P. S. Pritam
Designation Director
Qualification M. A., LLB, Ph. D.
Name Mr. Jai S. Pathak
Designation Director
Qualification BA (History), BA (Law: Oxon), MA (International Relations), LLM (Law: University of Virginia)
Other Directorships IGate Global Systems Limited, Timken India Limited
Name Mr. D. K. Mehrotra
Designation Director
Qualification B. Sc. (Hons)
Other Directorship North Eastern Development Finance Corporation Limited
Name Mr. N. R. Krishnan
Designation Director
Name Mr. S C Bhargava
Designation Director

MAJOR SHAREHOLDERS

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN As on 30.09.2007
Names of Shareholders Percentage of Holding
Promoters 1.50
Persons acting in concert 29.12
Institutional Investors 41.00
Others 28.38
Total 100.00

PRODUCTS DETAILS

Products:
Item Code No. Product Description
870130.09 Tractors
870880.00 Shock Absorbers
860729.00 Railway Parts

EXPORT DETAILS

Exports to :
Countries : Australia, Botswana, Ghana, Mozambique, Namibia, Nepal, Poland, South Africa, Sri Lanka, Tanzania, Turkey, USA.

PRODUCTION DETAILS

PRODUCTION STATUS as on 30.09.2006:
Particulars Installed Capacity Actual Production
Agriculture Tractors 98940 52585
Internal Combustion Engine 98940 54366
Round and Fiat Tubes 180000 82784
Double Acting hydraulic Shock Absorbers for railway Coaches 36000 23108
Centre Buffer Coupiers 1200 506
Automobile Shock Absorbers , Telescopic 4000000 2078377
Brake Block 1800000 577158
All types of brakes used by Railways 3600 5869

BANKERS

Bankers :
Standard Chartered Grindlays Bank Limited New Delhi
ABN Amro Bank New Delhi
Bank of America New Delhi
Bank of Baroda New Delhi
Citibank N.A. New Delhi
Deutsche Bank New Delhi
Hongkong & Shanghai Banking Corporation New Delhi
HDFC Bank Limited New Delhi
Punjab National Bank New Delhi
State Bank of India New Delhi
State Bank of Travancore New Delhi

AUDITORS

Name :

S. N. Dhawan and Company, Chartered Accountants

FINANCIAL INFORMATION

[all figures are in Rupees Millions]

PROFIT & LOSS ACCOUNT
Particulars 2007/09/30 2006/09/30 2005/09/30
Sales Turnover 20767.700 17507.700 12691.300
Other Income 266.000 1320.400 5315.400
Total Income 21033.700 18828.100 18006.7
Profit/(Loss) Before Tax [173.300] 344.400 310.200
Provision for Taxation [108.900] 154.400 [80.700]
Profit/(Loss) After Tax [64.400] 190.000 390.900
Export Value 2474.900 2267.200 1404.900
Imports Value
Raw Materials 59.100
Stores & Spares 289.100
Capital Goods 0.900
Others 0.000
Total Imports 349.100 273.600
Expenditures :
Material, Manufacturing and operating 15883.400 13379.700 9558.900
Personnel 2040.200 1587.000 1857.900
Sales & Administration 2002.900 1771.200 1633.500
Interest 513.900 691.500 1417.900
Bank & Finance Charges 175.600 158.000 178.600
Depreciation 449.700 395.500 528.600
Amortization of Miscellaneous expenditure 75.500 75.000 90.900
Total Expenditure 21207.000 18057.900 15266.300

QUARTERLY / SUMMARISED RESULTS
PARTICULARS 2008/06/30 1st Quarter 2008/09/30 2nd Quarter 2008/12/30 3rd Quarter
Sales Turnover 5428.000 5452.600 5016.200
Other Income 0.300 0.000 0.000
Total Income 5428.300 5452.600 5016.200
Total Expenditure 5038.300 5199.400 4720.000
Operating Profit 390.000 253.200 296.200
Interest 146.300 96.000 164.000
Gross Profit 243.700 157.200 132.200
Depreciation 100.300 106.800 125.200
Tax 50.300 62.300 10.100
Reported PAT 93.100 (11.900) (3.400)

CAPITAL STRUCTURE

Capital Structure As on 30.09.2007

Authorised Capital :
No. of Shares Type Value Amount
120000000 Equity shares Rs. 10/- each Rs.1200.000 Millions
73000000 Unclassified Shares Rs. 100/- each Rs.7300.000 Millions
Total Rs. 8500.000 Millions

Issued, Subscribed & Paid-up Capital :
No. of Shares Type Value Amount
83693630 Equity shares Rs. 10/- each Rs.836.900Millions

NOTES:1.Paid-up Capital includes :(i)18700 Equity Shares (previous year -18,700) allotted as fully paid-up for consideration other than cash pursuant to contracts, (ii)Bonus Shares : 19434125 Equity Shares allotted before 1988 as fully paid-up by capitalising Share Premium of Rs. 2.200 millions and General Reserve of Rs. 192.100 millions.(iii)3611610 Fully paid up Equity Share of Rs. 10/- each allotted in exchange of equivalent of share Warrents, to a Promoter Group Company. At the rate of Rs. 83.79 Per share, as approved by the shareholders in the Annual General Meeting held on 31st March, 2006(iv)7794910 Equity Shares of Rs. 10 each fully paid at a premium of Rs. 102/- per Equity Share and 54870 Equity Shares of Rs. 10/- each fully paid up at premium of Rs. 102/- per Equity Shares arising on conversion of Part A of 61455 4.25% Secured Convertible Debentures (SCDs) of Rs. 100/- each issued and allotted to Qualified Instituional Buyers on 4th July, 2007.

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