frick india Limited

FRICK INDIA LIMITED was established in 1962 as a public limited company in collaboration with Frick Company USA, one of the world’s largest and oldest manufacturers of industrial air-conditioning and refrigeration equipment. Frick India Limited is now an independent company and is now one of the top ranking companies and its equipment are rated as world’s best.

Frick India Limited is the largest equipment manufacturer and turnkey solutions provider for industrial refrigeration in India. The company is supplying its products in 45 countries apart from India. Frick India Limited manufacturing facilities are located at Faridabad, Haryana.

Frick India Limited is one stop solution for turnkey refrigeration and air conditioning systems. The company covers design, manufacture, packaging, installation and service to standard specifications. It also provides custom-build solutions to meet customer’s specific requirements.The company is manufacturing a lot of equipments like compressors, and packagesCondensers, Ice-making equipment,Liquid re-circulation pump, Air handling units, Plate & blast freezers, Packages chillersetc.

Frick India has been providing refrigeration solution to almost all the vital industries, related to Food and Agriculture, DairyProduction, Meat, Fisheries and Livestock, Beverages and Breweries, Chemical andPharmaceutical Industry etc.

In FY 2020, Frick India Limited has been awarded as “MostTrusted Industrial RefrigerationEquipment Manufacturing Company of the Year”

The equity shares of Frick India limited are listed on Metropolitan Stock Exchange of India (MSEI). However, the shares of Frick India Limited are in Trade – to – trade segment, this means that the trades can only be settled by accepting or giving the delivery of shares.

INCORPORATION DETAILS

PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY

BOARD OF DIRECTORS

Mr. Jasmohan Singh (Managing Director)

Mr. Ramesh Chandra Jain (Independent Director)

Ms. Gurleen Kaur (Non-Executive Director)

Ms. Jasleen Kaur (Non-Executive Director)

CA. DivakerJagga (Independent Director)

CA Mahendra Kumar Doogar (Independent Director)

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

FRICK INDIA LIMITED does not have any subsidiary or associate company.

FRICK INDIALIMITEDUNLISTED SHARE DETAILS

SHAREHOLDING PATTERN

(As on 31-03-2020)

INDUSTRY OUTLOOK

The long-term outlook of the global refrigeration and air conditioningcompressors market remains positive with the marketvalue expected to marginal increase at a CAGR of 0.5% during the FY 2021. FY 2020 was quitechallenging due to slowdown in economy as well as other factors like Covid-19 pandemic and nationwide lockdown.

Cold storage industry annually grows by 12-15 per cent in bulk storage capacity. As consumer preference and habits for foodranging from vegetables, fruits and eatables, cold storage would combine to begrown. The industry sees expansion of frozen vegetablecapacity as major difference prevailed in season and off season price.

The consumption of ready-to-eat products, beverages, and frozen food has increased considerably worldwide in the recentyears, which is further boosting the demand for commercial refrigeration equipment. Rising disposable income, along withthe increasing impact of western lifestyle has fuelled the acceptance of such products among the large middle-classconsumers of developing countries. The changed food consumption trend is being supported by rapid expansion ofsupermarkets, hypermarkets, and food and restaurant chains around the world.

India ranks first in the world in production of fruits and second in vegetables, accounting roughly 10% and 15%,respectively, of total global production. The estimated annual production of fruits and vegetables in the country is about 130million tonnes accounting to 18% of our agricultural output.

The Government which subsidizes a major portion of the farmers' costs in an effect to uplift them also loses money because of poor storage facilities. Hence proper cold chain infrastructure is the need of the hour. Frick India proposes appropriate technologies forIndian Cold Chain where high-value fruits and vegetables can be kept for longer periods.Various schemes has also been implemented by NABARD/NCDC/NHB. National Horticulture Board towards construction,expansion and modernization of cold storage for horticulture products, to promote setting up of cold storage in the countryfor reducing post-harvest losses.

KEY FINANCIALS OF FRICK INDIA LIMITED (In Rs. Lakhs)

BALANCE SHEET OF FRICK INDIA LIMITED(In Rs. Lakhs)

DIVIDEND HISTORY

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company increased by 2.52%from Rs.22,200.04 Lakhs in FY 2020 to Rs. 22,759.77 Lakhs in FY 2021.

EBITDA of the company has been increased by 17.26% in FY 2021 and touched Rs. 2,190.83 Lakhs from Rs. 1,868.38 Lakhs in FY 2020.

Profit after Tax of the company has been increased around 42% from Rs.1,460.91 Lakhs in FY 2020 to Rs. 2,079.05 Lakhs in FY 2021.

Frick India Limited have been undertaking various initiatives on the Quality matters, in all aspects, from the stage of procurement of raw-materials / inputs for the production process up to the stage of final installation at the Project Site of the Client and beyond commissioning as well.

Current Ratio of the company as on 31^st March 2021 was 2.93. This states that there were no liquidity issues in the company till 31^st March 2020.

Debt to Equity ratio of the company as on 31^st March 2021 was 0.08.In FY 2021, the company’s total borrowings liability increased around 45% from Rs. 1,011.89Lakhs as on 31^st March 2020 to Rs. 1,466.54 lakhs as on 31^st March 2021.

Frick India Limited has given a dividend of Rs. 2.5 per equity share each year from FY 2018 to FY 2020.

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