APEX AUTO LIMITED UNLISTED SHARE
Established on 8th August 1994, APEX AUTO LIMITED is registered at Registrar of Companies (ROC), roc-Jharkhand with an Authorized Share Capital of ₹ 12,50,00,000 and paid-up capital is ₹ 55,34,00,000.
The company is engaged in the business of Manufacturing and Selling Excavators Parts & Fabricated Structures. Apex is the largest Indian manufacturer of finished fabricated structures for the earth-moving and construction equipment industry in India. The Company presently manufactures components for top-selling excavators, backhoe loaders, cranes, compactors, transit mixers, and underground drilling, crushing & screening equipment for the domestic and international markets.
Apex also caters to the structural requirements of defense, metro and rail transportation companies. The Company has 5 plants located across India in Jamshedpur, Dharwad, Bangalore, and Kharagpur with a capacity to process over 40,000 tons of steel per annum and a team of over 1200 driven employees.
Products/Services of the Company are-
1. Earthmoving Equipment- The Company offers complete solutions to OEMs in kit forms with Mainframes, Track frames, Booms, Arms, and Buckets for top-selling excavators & backhoe loaders.
2. Road & Concrete Mixing- Apex has supplied structures for concrete mixers and pavers to world majors like Putzmeister, Atlas Copco, and Lebarero.
3. Lifting & Handling- Apex manufactures structures for heavy-duty cranes.
4. Mining & Crushing- The Company manufactures a wide range of crushing and screening equipment for world majors like Metso Minerals, Terex, and Atlas Copco.
5. Rail & Metro- Apex also caters to the structural requirements of metro and rail transportation companies.
INCORPORATION DETAILS
|
CIN |
U34201JH1994PLC006028 |
|
Registration Date |
08/08/1994 |
|
Company Name |
APEX AUTO LIMITED |
|
Email Address |
info@apexautoltd.com |
|
Category/Sub-category of the Company |
Company Limited by Shares |
|
Registration Number |
006028 |
|
Address of the Registered office & contact details |
M-1, 2 & 3 (P), 20, Phase-VII, Industrial Area, Adityapur Jamshedpur– 832109 Phone: 2200715, 2202041 Fax : (0657) 2200010 Email: info@apexautoltd.com |
|
Company Secretary & Compliance Officer |
Mr. Rajesh Mittal |
|
Name, Address & contact details of the Registrar & Transfer Agent, if any |
M C S Share Transfer Agent Ltd. (Unit: Apex Auto Limited) 383, Lake Gardens, 1st Floor, Kolkata – 700026 Ph. : 2454-1892-93 |
BOARD OF DIRECTORS
|
S.NO. |
Name of the Directors |
Category |
|
1. |
Mr. Atul R. Taunk |
Managing Director |
|
2. |
Ms. Anahita A. Taunk |
Director |
|
3. |
Ms. Shayal A Taunk |
Chief Financial Officer |
|
4. |
Mr. Rajesh Mittal |
Company Secretary |
Principal Business Activities Of the Company
|
Name & Description of main products/services |
NIC Code of the Product /service |
% to the total turnover of the company |
|
Excavator Parts |
29244 |
83.49% |
SHAREHOLDING PATTERN (As of 31-03-2021)
|
S. No. |
Shareholder’s Category |
No. of Shares |
% of total Shares of the company |
|
1. |
PROMOTERS |
3011950 |
54.43% |
|
2. |
PUBLIC |
2522050 |
45.57% |
|
3. |
TOTAL |
5534000 |
100% |
INDUSTRY OUTLOOK
In this challenging and dynamic environment, the Company has delivered a reasonably good performance. The loss of volumes at the beginning of the financial year 2020-21 due to lockdown, was recovered.
Due to strong demand in the second half of the year. The company’s turnover increased by 4% during the year despite poor demand in the first half of 2020-21 due to pandemics. The PBT increased by 32% and the PAT increased by 31%.
Over the years, Apex has relied on its strong partnerships with OEM customers. It has been a continuous endeavor and commitment to supporting their growth. The business strategy for the future will focus on capability building and technology improvements. Apex plans to further leverage its fabrication capabilities and presence in different locations of the country by entering the sectors of defense, aviation, and power.
PROFIT & LOSS STATEMENT OF APEX AUTO LIMITED (Amount in Rs.) (As of 31-03-2019 to 31-03-2021)
|
Particular |
2021 |
2020 |
2019 |
|
Income |
|
||
|
Revenue from Operations |
1,91,34,89,076 |
1,83,99,96,859 |
2,48,38,04,836 |
|
Other Income |
76,57,609 |
53,74,659 |
25,96,168 |
|
Total Income |
1,92,11,46,685 |
1,84,53,71,518 |
2,48,64,01,004 |
|
Expenses |
|
||
|
Cost of Materials Consumed |
1,06,16,09,701 |
98,23,59,423 |
1,46,50,49,680 |
|
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade |
(4,39,69,602) |
1,92,62,356
|
3,07,96,906 |
|
Employee Benefits Expense |
14,73,48,379 |
14,32,88,742 |
14,08,00,818 |
|
Finance Costs |
8,43,11,732 |
7,96,36,146 |
11,02,32,954 |
|
Depreciation and amortization expense |
8,01,14,677 |
7,68,01,564 |
7,59,53,286 |
|
Other Expenses |
43,15,37,926 |
41,92,73,657 |
54,06,66,173 |
|
Total Expenses |
1,76,09,52,813 |
1,72,06,21,889 |
2,36,34,99,817 |
|
Profit Before Exceptional Items & Tax |
16,01,93,872 |
12,47,49,629 |
12,29,01,187 |
|
Exceptional Items |
(19,98,982) |
(50,36,289) |
6,48,90,140 |
|
Exceptional Items |
|
||
|
Profit Before Tax |
15,81,94,890 |
11,97,13,339 |
18,77,91,327 |
|
Income Tax Expense |
|
||
|
Current tax |
2,76,39,812 |
2,09,16,315 |
1,37,80,483 |
|
Deferred tax |
4,75,49,163 |
3,52,37,595 |
4,81,95,837 |
|
Total Tax |
|
||
|
Profit/Loss for the year |
8,30,05,915 |
6,35,59,430 |
12,58,15,007 |
|
Earnings Per Equity Share of ` 10 each |
|
||
|
Basic |
14.96 |
11.40 |
20.88 |
|
Diluted |
14.96 |
11.40 |
20.88 |
BALANCE SHEET OF APEX AUTO LIMITED (Amount in Rs.) (As of 31-03-2019 to 31-03-2021)
|
PARTICULARS |
2021 |
2020 |
2019 |
|
Equity and Liabilities |
|
|
|
|
Share Capital |
11,78,03,000 |
11,78,03,000 |
11,78,03,000 |
|
Other Equity |
86,95,64,619 |
75,91,54,581 |
67,51,35,061 |
|
Total Equity |
98,73,67,619 |
87,69,57,581 |
79,29,38,061 |
|
Non-Current Liabilities |
|
|
|
|
Financial Liabilities |
|
|
|
|
Long term Borrowings |
42,16,82,780 |
41,44,92,805 |
40,27,28,462 |
|
Other Long-term Liabilities |
3,72,34,296 |
42,55,256 |
42,55,256 |
|
Long-term provisions |
1,93,38,836 |
1,73,68,837 |
1,31,15,179 |
|
Deferred tax liability (net) |
6,84,68,306 |
2,09,19,143 |
|
|
Current Liabilities |
|
|
|
|
Financial Liabilities |
|
|
|
|
Short Term Borrowings |
7,91,38,418 |
11,57,99,783 |
13,26,91,760 |
|
Trade payables |
45,27,92,849 |
29,76,98,249 |
36,26,00,471 |
|
Other current liabilities |
15,56,32,610 |
13,26,01,340 |
15,34,27,155 |
|
Short-term provisions |
45,50,305 |
42,93,148 |
99,77,587 |
|
Total Current Liabilities |
69,21,14,182 |
55,03,92,520 |
65,86,96,973 |
|
Total Liabilities |
2,22,62,06,021 |
1,88,43,86,143 |
1,87,17,33,931 |
|
Assets |
|
|
|
|
Non-Current Assets |
|
|
|
|
Tangible Assets |
1,20,50,21,132 |
1,14,30,62,254 |
1,06,28,21,819 |
|
Intangible Assets |
4,64,455 |
4,64,455 |
4,64,455 |
|
Capital work-in-progress |
1,14,63,168 |
2,79,63,145 |
2,27,03,504 |
|
Non-Current Investments |
1,24,50,000 |
1,24,50,000 |
1,24,50,000 |
|
Deferred Tax Asset |
1,51,96,244 |
1,71,62,184 |
1,43,18,452 |
|
Long-Term Loans and Advances |
6,32,32,317 |
3,55,92,505 |
3,04,40,916 |
|
Other Non-Current Assets |
- |
- |
1,46,76,190 |
|
Current Assets |
|
|
|
|
Inventories |
55,16,96,641 |
35,51,29,840 |
38,83,09,639 |
|
Trade Receivables |
26,08,44,604 |
18,76,57,945 |
23,68,64,159 |
|
Cash and Cash Equivalents |
6,04,00,065 |
7,13,69,010 |
6,21,74,987 |
|
Short-Term Loans and Advances |
2,28,34,641 |
2,38,08,902 |
1,29,60,019 |
|
Other Current Assets |
2,26,02,756 |
97,25,904 |
1,35,49,791 |
|
Total current Assets |
91,83,78,707 |
64,76,91,601 |
71,38,58,595 |
|
Total Assets |
2,22,62,06,021 |
1,88,43,86,143 |
1,87,17,33,931 |
DIVIDEND AND RETAINED EARNINGS (As of 31-03-2019 to 31-03-2021)
|
Particulars |
2021 |
2020 |
2019 |
|
Dividend |
Nil |
Nil |
Nil |
|
Retained Earnings (In Rs. ) |
Nil |
Nil |
Nil |
PERFORMANCE OF THE COMPANY
Income from Operations increased from Rs. 1,83,99,96,859 in FY 2020 to Rs. 1,91,34,89,076 in FY 2021, showing an increase of 3.99% as compared to the previous financial year.
Finance Cost has increased from Rs. 7,96,36,146 in FY 2020 to Rs. 8,43,11,732 in FY 2021.
In FY 2021, Company’s Net Profit stood at Rs. 8,30,05,915, 30.59% Higher than the Net profit of Rs. 6,35,59,430 in FY 2020.
The Current Ratio of the company as of 31st March 2021 was 1.33.
The debt-to-equity ratio of the company as of 31st March 2021 was 1.25.
The company has not paid dividends in the last 3 years.
