Trust Stamp for ELECTROTHERM (INDIA) LIMITED


	ELECTROTHERM (INDIA) LIMITED

Registered Office

Address	A-1, Skylark Apartment, Satellite Road, Satellite, Ahmedabad 380015, Gujarat, India
Tel. No.	91-79-26746474/26748855
Fax No.	91-79-26740923

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SUMMARY

Incorporated	1985/10/17
Registration No.	008191
No. of Employees	1043
Line of Business	Manufacturer of Medium Frequency Induction Melting Furnaces, Metal Refining Konverter, Induction Ladle Refining Furnace, Induction Heating/Hardening Equipments, Submerged Arc Furnace & a host of allied products.

Status

Company is a very well-established concern having satisfactory track records. Trade relations are fair.

Payments

Regular

Litigation

Clear

Banking Reputation

Satisfactory

Auditors

Name :	Mehta Lodha and Company, Chartered Accountants
Address :	Ahmedabad, India

FACTORY WAREHOUSE

Factory

414/1, GIDC Phase II, Vatva Industrial Area, Ahmedabad 382445, Gujarat, India

LEGAL FORM

Public Limited Liability Company. The company's shares are listed on the Stock Exchange

DIRECTORS

DIRECTORS
Name : Mr. Mukesh Bhandari
Designation : Chairman and Chief Technology Officer
Name : Mr. Shailesh Bhandari
Designation : Managing Director
Name : Mr. Harish Sharma
Designation : Whole Time Director
Name : Mr. Narendra Dalal
Designation : Whole Time Director
Name : Mr. Avinash Bhandari
Designation : Whole Time Director
Name : Mr. Naveen Nakra
Designation : Director
Name : Mr. Nilesh Desai
Designation : Director
Name : Mr.Madhusudan Somani
Designation : Director
Name : Mr. Ram Singh
Designation : Director
Name : Mr. Pradeep Krishna Prasad
Designation : Director
Name : Mr. Sunay Mathure
Designation : Nominee Director
Name : Mr. Ravi Trehan
Designation : Director

KEY EXECUTIVES
Name : Mr. Ashwin Patel
Designation : Company Secretary

MAJOR SHAREHOLDERS

[MAJOR SHAREHOLDERS]

(As on 31.03.2008)
Names of Shareholders No. of Shares Percentage of Holding
A. PROMOTERS SHAREHOLDING
1. Promoters and promotes Group 3201075 29.16
B. PUBLIC SHREHOLDING
2. Mutual Funds /UTI 38385 0.35
3. Bankers/ Financial Institutions 150100 1.37
4. Foreign Institutional Investors 21375 0.19
5. Foreign Financial Institution 1366666 12.45
6. Bodies Corporate 1400862 12.76
7. NRIS 98215 0.89
8. Trusts 1369333 12.48
9. Foreign Companies 2000000 18.22
10. Clearing Members 29387 0.27
11. Indian Public 1300976 11.85
Total 10976374 100.00

PRODUCTS DETAILS

Products:
Electronic Induction Furnace
Induction Heating Equipment
Electricity Power Generation

PRODUCTION DETAILS

PRODUCTION STATUS: (As on 31.03.2008)
Particulars Unit Installed Capacity Actual Production
Electronic Furnaces and other capital equipments. Sets 350 298
Wind Power Generation KW 500
Thermal Power generation Million KWH 0.80 0.396
Steel Plant Capacity
Gross Capacity MT 422000 283526
Captive Capacity of Sponge and Pig MT 110000 65077
Saleable Capacity ( Billets/Bars/Pipes ) MT 312000 218449
Battery Operated Vehicles Nos 150000 16398

BANKERS

Bankers :
Bank of India
Navrangpura Branch, Swastik Char Rasta, C.G. Road, Ahmedabad 380009
State Bank of India
Punjab National Bank
State Bank Of Travancore
Corporation Bank
Bank of Baroda
State Bank of Saurashtra
Dena Bank
Oriental Bank Of Commerce
Union Bank Of India
Canara Bank
Uco Bank
ICICI Bank
State bank of Indore.

AUDITORS

Name :	Mehta Lodha and Company, Chartered Accountants
Address :	Ahmedabad, India

FINANCIAL INFORMATION

[all figures are in Rupees Millions]
Particulars 2008/03/31 2007/03/31 2006/03/31
Sales Turnover 13253.580 7465.300 3676.400
Other Income 67.840 2988.800 115.800
Total Income 13321.420 7754.100 3792.200
Profit/(Loss) Before Tax 621.79 614.700 222.500
Provision for Taxation 0.000 181.200 104.100
Profit/(Loss) After Tax 621.790 433.500 118.400
Earnings in Foreign Currency :
Export Earnings 1232.300 486.810 NA
Total Earnings 1232.300 486.810 NA
Imports :
Raw Materials 1591.620 845.500 NA
Stores & Spares 63.140 13.260 NA
Capital Goods 86.770 31.970 NA
Others 0.000 0.000 NA
Total Imports 1741.53 890.730 NA
Expenditures :
Raw Materials 8677.040 4876.600 2505.400
Excise Duty 0.000 156.500 229.200
Power and Fuel Cost 0.000 608.900 212.000
Other Manufacturing Expenses 1681.840 472.300 125.800
Employee Cost 311.180 153.800 90.900
Selling and Administration Expenses 566.610 309.800 160.200
Miscellaneous Expenses 0.000 32.700 83.400
Increase/(Decrease) in Finished Goods (63.040) 0.000 0.000
Interest 0.000 350.300 92.300
Depreciation 318.610 178.500 70.500
Research and Development expenses 8.410 0.000 0.000
Financial expenses 785.090 0.000 0.000
Other Expenditure 413.890 0.000 0.000
Total Expenditure 12699.630 7139.400 3569.700

QUARTERLY / SUMMARISED RESULTS
Particulars 2008/06/30
Type 1st Quarter
Sales Turnover 3848.700
Other Income 9.800
Total Income 3858.500
Total Expenditure 3192.300
Operating Profit 666.200
Interest 299.100
Gross Profit 367.100
Depreciation 95.600
Tax 28.800
Reported PAT 181.200

CAPITAL STRUCTURE

Capital Structure

Authorised Capital :
No. of Shares Type Value Amount
25000000 Equity Shares Rs. 10/-Each 250.000 Millions
25000000 6% Non cumulative redeemable preference shares Rs. 10/- Each 250.000 Millions

Issued, Subscribed & Paid-up Capital :
No. of Shares Type Value Amount
10976374 Equity Shares(Out of above Shares 953275 Shares are allotted on 13th November, 1995 as fully paid up bonus shares by capitalizing general reserve and profit and loss account.) Rs. 10/- Each 109.760 Millions
12000000 6% Non Cumulative redeemable preference shares (Redeemable at par not later than 20 years from the date of their issue. Rs. 10/- Each 120.000 Millions

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