About EATON FLUID POWER LIMITED Unlisted Shares
Eaton Fluid Power Limited is a Public Limited Company founded on 18 November 1965 and it is Manufacturing pumps, compressors, taps, and valves. It is registered at the registrar of companies in Pune, and the company's authorized equity capital is Rs 15,50,00,000, and the paid-up capital is Rs. 69,642,672.
Eaton's Electrical business in India is focused on Power Distribution such as -
The company relies on solving power management problems and it is dedicated to improving people's lives and the environment by developing more dependable, efficient, safe, and long-lasting power management technologies.
INCORPORATION DETAILS
|
CIN |
U29120PN1965PLC015850 |
|
Registration Date |
18 November 1965 |
|
Company Name |
EATON FLUID POWER LIMITED |
|
Email Address |
ganapathy@danfoss.com |
|
Category/Sub-category of the Company |
Company Limited by Shares / Indian Non-Government Company |
|
Class of Company |
Public |
|
Registration Number |
15850 |
|
Address of the Registered office & contact details |
145, Mumbai Pune Road, Pimpri, Pune – 411018, India |
|
Statutory Auditors |
S R B C & Co LLP, Chartered Accountants |
|
Secretarial Auditors |
DVD & Associates, Company Secretaries |
|
Name, Address & contact details of the Registrar & Transfer Agent, if any |
Link Intime India Private Limited Block No. 202, 2nd Floor, Akshay Complex, Near Ganesh Temple, Off. Dhole Patil Road, Pune – 411001 |
|
Listing Status |
Unlisted |
|
Bankers |
Citibank N.A. |
PARTICULAR OF SUBSIDIARY COMPANIES
|
Name of the Company |
Subsidiary |
% of shares held |
|
Danfoss Industries Private Limited |
Subsidiary |
100% |
BOARD OF DIRECTOR
Mr. Ravichandran Purushothaman (President)
Mr. Torben Jessen Christensen (Director)
Mr. Anders Stahlschmidt (Vice President)
Mr. Prasannakumar Guttahalli (Director)
Mr. Prasannakumar Guttahalli (Director)
Mr. Surendra Kelkar (Independent Director)
Ms. Prajakta Sangoram (Independent Director)
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 |
|
Manufacture of fluid power equipment |
28120 |
100% |
SHAREHOLDING PATTERN (As of 31-03-2021)
|
S. No. |
Shareholder’s Category |
No. of Shares |
% of total Shares of the company |
|
1 |
Promoter and Promoters Group |
36,63,569 |
52.60 |
|
2 |
Public |
33,00,698 |
47.40 |
|
|
Total |
69,64,267 |
100 |
PROFIT & LOSS STATEMENT OF EATON FLUID POWER LIMITED (Rs. in Million) (As of 31-03-2019 to 31-03-2021)
|
PARTICULARS |
2021 |
2020 |
2019 |
|
Income |
|||
|
Revenue from operations |
3,651.97 |
3,760.27 |
4,552.24 |
|
Other income |
44.50 |
14.14 |
37.91 |
|
Total Income |
3,696.47 |
3,774.41 |
4,590.15 |
|
Expenses |
|||
|
Cost of raw material and components consumed |
1,619.23 |
1,583.22 |
1,898.60 |
|
Purchase of traded goods |
703.21 |
948.49 |
1,428.26 |
|
Decrease in inventories of finished goods, work-in-progress, and trade goods |
42.68 |
45.05 |
(118.00) |
|
Employee benefits expense |
334.22 |
333.12 |
315.29 |
|
Depreciation and amortization expense |
93.66 |
83.34 |
71.59 |
|
Finance costs |
76.36 |
92.49 |
96.41 |
|
Other expenses |
648.82 |
665.74 |
709.16 |
|
Total Expenses |
3,518.18 |
3,751.45 |
4,401.31 |
|
Profit Before Tax |
178.29 |
22.96 |
188.84 |
|
Tax Expenses |
|||
|
Current Tax |
(34.18) |
(3.72) |
(44.25) |
|
Tax credit for earlier years |
1.67 |
- |
- |
|
MAT credit entitlement |
- |
- |
0.18 |
|
Deferred tax (charge) |
- |
(121.92) |
(27.56) |
|
Total Tax Expenses |
(32.51) |
(125.64) |
(71.63) |
|
Profit / (Loss) of the year |
145.78 |
(102.68) |
117.21 |
|
Other Comprehensive Income (OCI) |
|||
|
Items that will not to be reclassified subsequently to profit or loss: |
|||
|
Re-measurement (loss) on defined benefit plans |
(3.00) |
(6.61) |
(22.18) |
|
Income tax effect |
1.05 |
2.31 |
7.75 |
|
Other comprehensive income for the year, net of tax |
(1.95) |
(4.30) |
(14.43) |
|
Total comprehensive income for the year, net of tax |
143.83 |
(106.98) |
102.78 |
|
Earnings per equity share |
|||
|
Earnings per equity share (Basic) |
20.93 |
(14.74) |
16.83 |
|
Earnings per equity share (Diluted) |
20.93 |
(14.74) |
16.83 |
BALANCE SHEET OF EATON FLUID POWER LIMITED (Rs. in Million) (As of 31-03-2019 to 31-03-2021)
|
PARTICULARS |
2021 |
2020 |
2019 |
|
ASSETS |
|||
|
NON-CURRENT ASSETS |
|||
|
Property, Plant, and Equipment |
412.79 |
451.89 |
338.85 |
|
Capital work in progress |
1.64 |
22.12 |
93.01 |
|
right-of-use assets |
3.33 |
5.82 |
- |
|
Intangible assets |
- |
- |
- |
|
Investment property |
0.03 |
0.03 |
0.03 |
|
Financial assets |
|||
|
Loans |
0.97 |
0.87 |
0.96 |
|
Trade receivables |
10.89 |
2.04 |
13.34 |
|
Other financial assets |
5.49 |
5.29 |
4.70 |
|
Other non-current assets |
42.83 |
62.13 |
74.08 |
|
Deferred tax asset (net) |
- |
- |
119.61 |
|
Income tax assets (net) |
162.81 |
204.47 |
190.57 |
|
TOTAL NON-CURRENT ASSETS |
640.78 |
754.66 |
835.15 |
|
CURRENT ASSETS |
|||
|
Inventories |
687.04 |
654.62 |
759.63 |
|
Financial assets |
|||
|
Trade receivables |
1,055.61 |
758.32 |
1,051.24 |
|
Cash and cash equivalents |
86.93 |
122.02 |
135.64 |
|
Loan |
0.91 |
1.95 |
2.10 |
|
Other financial assets |
0.01 |
1.44 |
34.96 |
|
Other current assets |
124.85 |
286.61 |
286.04 |
|
TOTAL CURRENT ASSETS |
1,955.35 |
1,824.96 |
2,269.61 |
|
TOTAL ASSETS |
2,596.13 |
2,579.62 |
3,104.76 |
|
EQUITY AND LIABILITIES EQUITY |
|||
|
Share capital |
69.64 |
69.64 |
69.64 |
|
Other Equity |
415.36 |
271.53 |
378.51 |
|
TOTAL EQUITY |
485.00 |
341.17 |
448.15 |
|
LIABILITIES |
|||
|
NON-CURRENT LIABILITIES |
|||
|
Financial Liabilities |
|||
|
Lease liabilities |
1.36 |
3.46 |
- |
|
Long term provisions |
- |
- |
31.09 |
|
1.36 |
3.46 |
31.09 |
|
|
CURRENT LIABILITIES |
|||
|
Financial Liabilities |
|||
|
Borrowings |
985.00 |
985.00 |
985.00 |
|
Lease liabilities |
2.43 |
2.60 |
- |
|
Trade payable: total outstanding dues to: |
|||
|
- micro and small enterprises |
186.88 |
119.03 |
179.09 |
|
- other than micro and small enterprises |
673.62 |
861.15 |
1,174.05 |
|
Other financial liabilities |
61.11 |
75.24 |
74.73 |
|
Short term provisions |
123.95 |
132.62 |
146.29 |
|
Other current liabilities |
63.65 |
52.53 |
50.38 |
|
Current tax liabilities (net) |
13.13 |
6.82 |
15.99 |
|
TOTAL CURRENT LIABILITIES |
2,109.77 |
2,234.99 |
2,625.53 |
|
TOTAL LIABILITIES |
2,111.13 |
2,238.45 |
2,656.62 |
|
TOTAL EQUITY AND LIABILITIES |
2,596.13 |
2,579.62 |
3,104.77 |
DIVIDEND AND RETAINED EARNINGS (As of 31-03-2019 to 31-03-2021)
|
Particulars |
2021 |
2020 |
2019 |
|
Dividend |
Nil |
Nil |
Nil |
|
Retained Earnings (Rs. in Million) |
283.66 |
139.83 |
246.81 |
PERFORMANCE OF THE COMPANY
Revenue from operations decreased from Rs. 3,760.27 Million in FY 2020 to Rs. 3,651.97 Million in FY 2021, showing a decline of 2.89% as compared to the previous financial year.
Finance Cost has decreased from Rs. 92.49 Million in FY 2020 to Rs. 76.36 Million in FY 2021.
In FY 2021, Company’s Net profit stood at Rs. 145.78 Million as against to net loss of Rs. (102.68) Million in FY 2020.
The Current Ratio of the company as of 31st March 2021 was 0.93.
The debt-to-equity ratio of the company as of 31st March 2021 was 4.36.
In the Financial Year 2020-21, the company has not paid dividends.
