About ANAND I–POWER LIMITED Delisted Shares
Established on April 06, 1962, Anand I-power Limited is a publicly incorporated company registered with the Registrar of Companies, Mumbai. The company’s authorized share capital is Rs. 1,45,000,000 and its paid-up capital is Rs. 1,33,336,568.
The company manufactures piston rings, clutch plates, groove/alfin inserts, and flat plates along with innovative products like moly plasma inlaid rings, chrome scraper rings, PVD-coated rings, and DLC rings. It has built a reputation as India's leading manufacturer and exporter of piston rings.
Apart from the static casting method, the introduction of the centrifugal casting method has paved the way to manufacturing products aligned with customer expectations.
The company received many awards like Golden Peacock Award for Quality, Exports Excellence Award by EEPC, Ford Q-1 Preferred Quality Status, Productivity Awards by the National Productivity Council and ACMA, Kaizen Award for Productivity Improvement by ACMA, NIMA Corporate Social Responsibility Award, and Green Enterprise Award by Ecoreco,
INCORPORATION DETAILS
|
CIN |
U99999MH1962PLC012316 |
|
Registration Date |
April 06, 1962 |
|
Company Name |
ANAND I-Power Limited |
|
Email Address |
contact@anandipower.com |
|
Category/Sub-category of the Company |
Public Company limited by shares / Indian Non-Government Company |
|
Registration Number |
12316 |
|
Address of the Registered office & contact details |
20, MIDC Estate Satpur, Nashik 422 007 Maharashtra Tel: (0253) 2202800 Fax: (0253) 2350584 Website: www.anandipower.com |
|
Company Secretary & Compliance Officer |
Mr. Anshul Bhargava |
|
Name, Address & contact details of the Registrar & Transfer Agent, if any |
K Fin Technologies Private Limited, Selenium Tower B, Plot Nos. 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal Hyderabad – 500032, India |
PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES
|
S.NO. |
Name Of The Company |
Category |
%Of Shares Held |
|
1. |
ASIA INVESTMENTS PRIVATE LIMITED |
Holding of the Company |
93.32% |
BOARD OF DIRECTORS
|
S.NO. |
Name of the Directors |
Category |
|
1. |
Mr. Mahendra Kumar Goyal |
Chairman and Non-Executive Director |
|
2. |
Mr. Shankar Srikantiah Muguru |
Non-Executive Director |
|
3. |
Mr. Amitabh Srivastava |
Non-Executive Director |
|
4. |
Mr. Kamaljit Singh Bhullar |
Non-Executive Independent Director |
|
5. |
Mr. Narayan Nagorao Vakil |
Non-Executive Independent Director |
Principal Business Activities of the Company
|
Name & Description of main products/services |
NIC Code of the Product /service |
% to total turnover of the company |
|
Piston Rings |
2811 |
55% |
|
Other Articles of Non-Malleable Iron |
2431 |
45% |
SHAREHOLDING PATTERN
(As of 31-03-2021)
|
S. No. |
Shareholder’s Category |
No. of Shares |
% of total Shares of the company |
|
1 |
PROMOTERS |
31578224 |
94.73% |
|
2 |
PUBLIC |
1758344 |
5.27 |
|
|
Total |
33336568 |
100.00% |
INDUSTRY OUTLOOK
The start of the financial year 2021-22 was challenging with the Covid-19 2nd wave forcing many states to declare stringent lockdown, shortage of semiconductors led to a lowering of production by several firms from diverse industries. The scenario changed in the 2nd half of the year and operations got normalized with the vaccination drive, demand got picked up and the automotive market did achieve and cross pre-covid levels.
The company has been proactive enough to overcome challenges and has recorded a growth of 39%. The company’s revenue from operation for FY21-22 was ` 1059.7 Lakhs, as compared to `763.5 Lakhs in the previous financial year. The company’s Export grew 42% to Rs. 204 Lakhs in FY21-22 from 143 Lakhs in FY20-21.
The further company was cautious about its growth to keep in mind profit margins and has taken efforts to take price increases from customers, cost-saving projects, reduction in rejection, and improvement in productivity to mitigate input cost increases.
During the year company invested in a new project, the High-Pressure Moulding line. This investment will add a new product line to the company’s existing capability and add a parallel revenue stream to the company’s existing business line ensuring stability with growth.
The company has recorded Earnings Before Interest, Tax, Depreciation & Amortization at ` 64.8 MINR as compared to ` 26.4 MINR in the previous year.
PROFIT & LOSS STATEMENT OF ANAND I POWER LIMITED (In Lakhs)
(As of 31-03-2019 to 31-03-2022)
|
Particular |
2022 |
2021 |
2020 |
2019 |
|
Income |
|
|||
|
Revenue from Operations |
10,597 |
7,635 |
8,266 |
10071 |
|
Other Income |
186 |
48 |
80 |
57 |
|
Total Revenue |
10,783 |
7,683 |
8,346 |
10129 |
|
Expenses |
|
|||
|
Cost of materials consumed |
4,432 |
2,428 |
2,607 |
3591 |
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(500) |
271 |
584 |
(273) |
|
Employee Benefits Expense |
2,167 |
1,922 |
2,148 |
2338 |
|
Finance Costs |
253 |
240 |
245 |
231 |
|
Depreciation and amortization expense |
335 |
300 |
316 |
341 |
|
Other Expenses |
4,036 |
2,798 |
3,220 |
4316 |
|
Total Expenses |
10,723 |
7,959 |
9,120 |
10544 |
|
Profit before exceptional items and taxes |
60 |
(276) |
(774) |
(415) |
|
Exceptional item |
(41) |
(245) |
- |
- |
|
Profit /(Loss) before tax |
19 |
(521) |
(774) |
(415) |
|
Tax expenses |
|
|||
|
Current tax |
- |
- |
- |
- |
|
Deferred tax |
- |
- |
- |
|
|
Tax adjustment of earlier years |
3 |
(14) |
- |
|
|
Total tax expense |
3 |
(14) |
- |
(112) |
|
Profit /(Loss) for the year |
16 |
(507) |
(774) |
(303) |
|
Other comprehensive income / (expenses) |
|
|||
|
Items that will not be reclassified to profit or (loss) |
|
|||
|
Re-measurement of post-employment benefit obligations |
(50) |
9 |
(20) |
(30) |
|
Income tax relating to this item |
- |
- |
- |
- |
|
Other comprehensive income/(expenses) for the year, net of tax |
(50) |
9 |
(20) |
(30) |
|
Total comprehensive income/ (loss) for the year |
(36) |
|
(794) |
(333) |
|
Earning Per Equity Share |
|
|||
|
Basic |
(0.11) |
(1.50) |
(2.38) |
(1.00) |
|
Diluted |
(0.11) |
(1.50) |
(2.38) |
(1.00) |
|
|
|
BALANCE SHEET OF ANAND I POWER LIMITED (In Lakhs)
(As of 31-03-2019 to 31-03-2022)
|
PARTICULARS |
2022 |
2021 |
2020 |
2019 |
|
Equity and Liabilities |
|
|||
|
Equity |
|
|||
|
Share Capital |
333 |
333 |
333 |
333 |
|
Other Equity & Reserves |
|
|||
|
Reserves and surplus |
1,356 |
1,392 |
1,890 |
2684 |
|
Equity component of financial instrument |
428 |
428 |
- |
- |
|
Total Equity |
2,117 |
2,153 |
2,223 |
3017 |
|
Liabilities |
|
|||
|
Non-Current Liabilities |
|
|||
|
Financial liabilities |
|
|||
|
Borrowings |
3,405 |
1,705 |
20 |
- |
|
Lease liabilities |
2 |
5 |
8 |
16 |
|
Provisions |
315 |
286 |
320 |
291 |
|
Total Non-Current Liabilities |
3,722 |
1,996 |
348 |
307 |
|
Current Liabilities |
|
|||
|
Financial liabilities |
|
|||
|
Borrowings |
1,371 |
1,625 |
1,925 |
2000 |
|
Trade payables |
|
|||
|
- Total outstanding dues of micro and small enterprises |
30 |
84 |
86 |
92 |
|
- Total outstanding dues other than above |
2,127 |
1,392 |
1,940 |
2422 |
|
Lease liabilities |
3 |
3 |
8 |
7 |
|
Other financial liabilities |
1,426 |
1,129 |
1,236 |
1381 |
|
Other current liabilities |
360 |
255 |
185 |
233 |
|
Provisions |
100 |
113 |
109 |
101 |
|
Total current liabilities |
5,417 |
4,601 |
5,489 |
6236 |
|
Total Liabilities |
9,139 |
6,597 |
5,837 |
6643 |
|
Total equity and liabilities |
11,256 |
8,750 |
8,060 |
9560 |
|
Assets |
|
|||
|
Non-Current Assets |
|
|||
|
Property, Plant and Equipment |
5,461 |
2,505 |
3,057 |
3297 |
|
Right-of-use assets |
28 |
32 |
40 |
50 |
|
Capital work-in-progress |
460 |
1725 |
- |
12 |
|
Other intangible assets |
11 |
13 |
9 |
13 |
|
Financial assets |
|
|||
|
Investment |
168 |
- |
- |
- |
|
Loans |
25 |
21 |
22 |
22 |
|
Other financial assets |
5 |
5 |
5 |
- |
|
Income tax assets (net) |
347 |
636 |
652 |
633 |
|
Other non-current assets |
605 |
753 |
398 |
383 |
|
Total non-current assets |
7110 |
5,690 |
4183 |
4410 |
|
Current assets |
|
|||
|
Inventories |
2,004 |
1,328 |
1750 |
2414 |
|
Trade receivables |
1,898 |
1,434 |
1780 |
2446 |
|
Cash and cash equivalents |
43 |
58 |
104 |
64 |
|
Bank balances other than (b)above |
3 |
8 |
11 |
- |
|
Loans |
7 |
3 |
41 |
44 |
|
Other financial assets |
13 |
24 |
36 |
53 |
|
Other financial assets |
159 |
181 |
155 |
129 |
|
Assets classified as held for sale |
17 |
24 |
- |
- |
|
Total current assets |
4,145 |
3,060 |
3877 |
5,150 |
|
Total Assets |
11,256 |
8,750 |
8060 |
9,560 |
|
|
|
|||
|
|
|
DIVIDEND AND RETAINED EARNINGS (As of 31-03-2019 to 31-03-2022)
|
Particulars |
2022 |
2021 |
2020 |
2019 |
|
|
Dividend |
Nil |
Nil |
Nil |
Nil |
|
|
Retained Earnings (In Rs. Lakhs) |
(1,540) |
(1,508) |
(1,012) |
(220) |
|
PERFORMANCE OF THE COMPANY
Revenue from Operations Increased from Rs.7,635 Lakhs in FY 2021 to Rs. 10,597 Lakhs in FY 2022, showing an increase of 38.80% as compared to the previous financial year.
Finance Cost has risen significantly from Rs.253 Lakhs in FY 2021 to Rs. 240 Lakhs in FY 2022.
In FY 2022, Company’s Net loss stood at Rs. 36 Lakhs as against the net loss of Rs. 499 Lakhs in FY 2021.
The Current Ratio of the company as of 31st March 2022 was 0.77%.
The debt-to-equity ratio of the company as of 31st March 2022 was 1.50%.
The Company has not paid dividends in the last 4 years.
