ASSAM CARBON PRODUCTS LIMITED UNLISTED SHARE
ASSAM CARBON PRODUCTS LIMITED is the market leader in the Carbon and Carbon related products industry for the past 50 years. Assam Carbon Products Limited supplied their products to various segments like Railway Traction, Cement, Steel, Sugar, Mines, Power, Petrochemical, Chemical process Industries, etc. for various applications.
The company’s plant was sanctioned about 50 years ago and to expand their portfolio, they entered in a Joint Venture with Morgans. With them, the company imbibed the best technology, plant & machinery, and Manufacturing Practices, and reached the leading position in India, and also started exporting their products to several countries.
In 2016, the Joint Venture was closed and Assam Carbon Products Limited acquired all the shares of Morgans.
Assam Carbon Products Limited manages two plants, one at Guwahati, Assam, and one at Patencheru, Telangana. The company’s product portfolio is much diverse in the field of Electrical, Mechanical, and Speciality Carbons. The company consists of a wide range of carbon and graphite products for various applications, namely, Carbon Brushes, Current Collectors, Railways Signalling Contacts, Carbon Seals & Bearings, Carbon Gland Ring, Steam joints, Thrust Pad, Radial bearing, Graphite Felt & Insulations, and other graphite products.
INCORPORATION DETAILS
|
CIN |
L23101AS1963PLC001206 |
|
Registration Date |
17 April 1963 |
|
Category/Sub-category of the Company |
Company limited by shares |
|
Address of the Registered office & contact details |
BIRKUCHI, GUWAHATI, ASSAM INDIA – 781026 |
|
Name, Address & contact details of the Registrar & Transfer Agent, if any |
CB Management Services (P) Ltd., P-22, Bondel Road, Kolkata- 700 019 Phone No.: 40116700/17/18. Fax No.: (033) 4011 6739, E mail: rta@cbmsl.com |
PARTICULAR OF SUBSIDIARY COMPANIES
|
Name of the Company |
Subsidiary |
% of shares held |
|
Assam Carbon Products UK Limited |
Subsidiary |
* |
Note: (*) Pending opening of the bank account by ACPUKL, and in view of the prevailing pandemic (Covid-19), the Company was unable to remit GBP 100 towards the subscription of the equity shares of ACPUKL. Thus. no investment (financial commitment) was made as of 31st March 2020.
BOARD OF DIRECTORS
Mr. Rakesh Himatsingka (Chairman)
Mr. Kali Krishna Bhattacharya (Managing Director)
Mrs. Anita Himatsingka
Ms. Maalika Himatsingka
Mr. Susheel Kumar Sharma
Mrs. Rupanjana De
Mr. Sanjay Kumar Lhila
Mr. Amitav Saikia
Mr. Avinash Kumar Gupta
Mr. Pijush Bysack (Chief Financial Officer)
Mr. Subhendu Chakraborty (Company Secretary)
Principal Business Activities of the Company
|
Name & Description of main products/services |
NIC Code of the Product /service |
% to total turnover of the company |
|
Carbon Blocks |
NA |
12 |
|
Carbon Brushes |
NA |
44 |
|
Mechanical And Special Carbon Components |
NA |
44 |
SHAREHOLDING PATTERN
(As of 31-03-2020)
|
S. No. |
Shareholder’s Name |
No. of Shares |
% of total Shares of the company |
|
1 |
Mr. Rakesh Himatsingka |
7,96,452 |
28.90% |
|
2 |
Mr. Shaurya Veer Himatsingka |
8,68,823 |
31.53% |
|
3 |
Mrs. Anita Himatsingka |
1,88,025 |
6.82% |
|
4 |
Ms. Maalika Himatsingka |
90,000 |
3.27% |
|
5 |
Public shareholding |
8,12,300 |
29.48% |
|
|
Total |
27,55,600 |
100.00% |
INDUSTRY OUTLOOK
India’s industrial production plunged to a revised 18.3% year-on-year in March 2020, compared to a 16.7 % fall initially reported. It is the steepest decline since records began in 1994 and much worse than market expectations of an 8.7% fall, as the COVID-19 pandemic forced many businesses to close. National Industrial production contracted at a record pace (-22.4%), electricity (-8.%) and mining (-1.4%) also fell. The government released only quick estimates for the month of May which showed a 34.7% drop in industrial production but warned those figures should not be compared with previous months due to insufficient data as the country was under lockdown amid efforts to contain the spread of the COVID-19 pandemic. The same applies to April figures when a revised estimate showed a 57.6% plunge.
In Budget 2021, the Government of India has announced, Rs. 1.1 lakh crores have been allotted to Indian Railways to boost its infrastructure and of this Rs. 1.07 lakh crores would be for capital expenditure. This is a good opportunity for Assam Carbon Products Limited, as this investment will directly result in a significant rise in the demand for the company’s products.
Further, the recent restrictions in import of materials from China will help the Industry indirectly as China has been dumping cheap and substandard material into the country for a very long time.
