About HELLA India Lighting Ltd Unlisted Shares
HELLA India Lighting Ltd. brings “Technology of Tomorrow for the Life of Today” to Indian Roads. Members of the Management Board of the HELLA Group, Germany, along with all employees of HILL, have adopted the new strategy for the company to focus all future activities around the central theme of ensuring road safety on Indian Roads. In this regard, HILL focuses on state-of-the-art technology products for the special OE segment and safety awareness campaigns through its strong independent Aftermarket network.
India is one of the focus markets for the HELLA Group and in the last years, Hella India Lighting has turnaround its operations and thus earned the right to grow. HILL has achieved a benchmark in quality performance and assured resource support for the training and development of all employees to perform the “Technology Jump”. To operationalize the new strategy of HILL and to perform the “Technology Jump”, HELLA’s plant at Derabassi has gone through modernization and the plant has been equipped with the latest machines and facilities.
HELLA India Lighting has set up its company vision to impact the aspect of recognition. Moreover, the company seeks to lower the number of deaths during traffic accidents by 10% by the end of this decade. The latest death toll figures show that there are almost 1 lakh deaths due to road accidents. This issue is of prime importance to HILL. The company’s vision is able to create and unlock a new value paradigm for end consumers. The safety cycle during the night – to see and to be seen – is of great importance. Looking at the number of road accidents, the increasing death toll, and the social and economic impact, HELLA is committed to road safety through its company vision. HILL has launched safety-enabling products, tries to increase awareness of safety-critical do’s and don’ts, and actively engages with related non-governmental organizations and governmental departments.
INCORPORATION DETAILS
|
CIN |
U74899DL1959PLC003126 |
|
Registration Date |
04 September 1959 |
|
Category/Sub-category of the Company |
Company limited by Shares |
|
Address of the Registered office and contact details |
K-61B, LGF, Kalkaji, New Delhi – 110019. Telephone (+91) 124 4425700 |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
6 th Floor, Platinum Tower, Plot No. 184, Udyog Vihar, Phase – I, Gurugram, Haryana – 122 016, T (+91) 124 4658600 F (+91) 124 4658699 |
BOARD OF DIRECTORS
Mr. AvinashRazdanBindra - Non–Executive Independent Director
Mr. Tarun Gulati - Non – Executive Independent Director
Mr. Rama Shankar Pandey - Managing Director
Mr. Christoph Boris Sohnchen - Additional Director
PRINCIPAL BUSINESS ACTIVITY OF BUSINESS
|
Name and Description of main products/services |
NIC Code of the product/service * |
% to the total turnover of the company # |
|
Manufacturing of: |
|
|
|
Horns |
3748 |
15% |
|
Lamps |
3748 |
65% |
Shareholders holding more than 5 % shares in the company as on 31 March 2021
|
|
As of 31 March 2021 |
As of 31 March 2021 |
As of |
As of 31 March 2020 |
|
Name |
No. of shares |
% of holding |
No. of shares |
% of holding |
|
Hella Holding International GmbH, Germany, the holding company |
16,17,400 |
51 |
16,17,400 |
51 |
|
Hella India Automotive Private Limited |
10,01,490 |
31.58 |
10,01,490 |
31.58 |
INDUSTRY OUTLOOK
The "Market “Size is expected to grow from 724.1 million USD In 2020, to reach 820.2 Million USD by 2026, The base year considered for the study is 2020, and the forecast period is between 2021 and 2026. There has been an increase in the adoption of Electric Automobiles horns in various industries such as Passenger vehicles, Light Commercial vehicles. Various trade shows and expos have also helped Electric Automobile Horn manufacturing companies to expand their customer base and contribute significantly to the growth of the Electric Automobile Horn market.
The Electric Automobile Horn Market report is designed to provide the latest market information and enable decision-makers to compile reliable investment reviews. It also offers an in-depth analysis of the global Electric Automobile Horn market by product type, end-user/application, leading manufacturers, and key regions. Electric Automobile Horn's market size was USD 708 million and it is expected to reach USD 820.2 million by the end of 2026, with a CAGR of 2.1% during 2021-2026.
In the projected period 2021-2026, increasing global urbanization, higher sales of Machinery and Equipment, multinational corporations, local merchants, and supply chains are driving the expansion of the "
Electric Automobile Horn's market size was USD 708 million and it is expected to reach USD 820.2 million by the end of 2026, with a CAGR of 2.1% during 2021-2026. An automobile horn is a device used to alert other vehicles and passersby. When a horn button is pressed, an electromagnet energized intermittently will cause the steel diaphragm to oscillate back and forth producing the sound of the car horn. Automobile horns have become a part of everyday life and one can hardly find an automobile without a horn. The classification of electric automobile horns includes flat shapes and snail shapes, and the proportion of snail shapes in 2016 is about 75%, and the proportion is in increasing trend from 2012 to 2016. Electric automobile horn is widely used in passenger vehicles, light commercial vehicles, and other kinds of vehicle. The most proportion of electric automobile horns is used in passenger vehicles, and the consumption proportion is about 75% in 2016. China is the largest consumption place, with a consumption market share of nearly 29% in 2016. Following China, Europe is the second-largest consumption place with a consumption market share of 22%. Market competition is intense. Fiamm, Minda, Denso, Bosch, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in a monopoly position in the industry.
FINANCIALS AT GLANCE
STATEMENT OF PROFIT AND LOSS (All Amounts in Thousands, unless otherwise stated)
|
Particulars |
2021 |
2020 |
2019 |
|
Revenue from Operations |
19,29,007 |
17,26,282 |
19,78,176 |
|
Other Income |
30,163 |
17,068 |
20,827 |
|
Total Revenue |
19,59,170 |
17,43,350 |
19,99,003 |
|
change % |
12.38% |
-12.79% |
|
|
EBITDA |
1,51,905 |
1,41,092 |
1,69,300 |
|
EBITDA Margin |
7.75% |
8.09% |
8.47% |
|
EBIT |
66,946 |
50,575 |
95,508 |
|
EBIT Margin |
3% |
3% |
5% |
|
DEP |
84,959 |
90,517 |
73,792 |
|
FINANCE COST |
39,083 |
24,346 |
21,106 |
|
Profit before tax |
27,863 |
26,229 |
74,402 |
|
Tax Expense I Current Taxes |
30,645 |
18,480 |
25,679 |
|
Prior Year Taxes |
0 |
73 |
-2,179 |
|
Deferred tax |
-3,096 |
-11,412 |
-3,825 |
|
Total Tax Expense |
27,549 |
7,141 |
19,675 |
|
PAT |
314 |
19,088 |
54,727 |
|
Profit Margin |
0.02% |
1.09% |
2.74% |
|
EPS(in Rs.) |
0.1 |
6.02 |
17.62 |
BALANCE SHEET AS ON 31st MARCH 2021 (All Amounts in Thousands, unless otherwise stated)
|
ASSETS |
As of 31 March 2021 |
As of 31 March 2020 |
|
Non-current assets |
|
|
|
Fixed assets |
|
|
|
a) Property, Plant, and Equipment |
4,63,978 |
4,25,082 |
|
b) Capital work in progress |
74,261 |
1,88,691 |
|
c) Other intangible assets |
2,533 |
915 |
|
d) Right of use assets |
9,138 |
19,617 |
|
e) financial assets |
|
|
|
(i) Investments |
20 |
20 |
|
(ii) Other financial assets |
5,457 |
8,697 |
|
(f) Deferred tax assets |
16,326 |
12,731 |
|
(g) Other tax assets |
19,949 |
23,032 |
|
(h) Other non-current assets |
42,231 |
12,023 |
|
Total non-current assets |
6,33,893 |
6,90,808 |
|
Current assets |
|
|
|
a) Inventories |
3,08,762 |
2,25,618 |
|
b) Financial assets |
|
|
|
(i) Trade receivables |
3,96,051 |
2,96,080 |
|
(ii) Cash and bank balance |
39,672 |
76,041 |
|
(iii) Loans Other financial assets |
4,180 |
336 |
|
c) Other current assets |
1,57,560 |
1,21,234 |
|
Total current assets |
9,06,225 |
7,19,309 |
|
Total Assets |
15,40,118 |
14,10,117 |
|
EQUITY AND LIABILITIES |
|
|
|
Equity |
|
|
|
a) Equity share capital |
31,714 |
31,714 |
|
b) Other Equity |
4,41,573 |
4,42,556 |
|
Total Equity |
4,73,287 |
4,74,270 |
|
Liabilities |
|
|
|
Non-current liabilities |
|
|
|
a) Financial liabilities |
|
|
|
(i) Borrowings |
976 |
2,96,144 |
|
(ii) Lease liabilities |
4,895 |
11,000 |
|
b) Provisions |
44,334 |
39,416 |
|
c) Other non-current liabilities |
6,224 |
5,215 |
|
Total noncurrent liabilities |
2,94,429 |
3,51,775 |
|
Current liabilities |
|
|
|
a) Financial liabilities |
|
|
|
(i) Borrowings |
- |
1,05,457 |
|
(ii) Lease liabilities |
6,104 |
10,676 |
|
(iii) Trade payables |
|
|
|
(i) Total outstanding dues of micro and small enterprises |
98,442 |
76,526 |
|
(ii) Total outstanding dues of other than micro and small enterprises |
5,05,976 |
3,19,032 |
|
(iv) Other financial liabilities |
83,047 |
20,450 |
|
b) Provisions |
36,997 |
39,318 |
|
c) Other current liabilities |
41,836 |
12,613 |
|
Total current liabilities |
7,72,402 |
5,84,072 |
|
Total Equity and Liabilities |
15,40,118 |
14,10,117 |
Dividend History
|
Year |
2021 |
2020 |
|
Amount |
0 |
0 |
PERFORMANCE OF THE COMPANY
The financial year 2020-21 was a challenging year, owing to certain new kinds of business challenges, primarily due to the impact of COVID-19 worldwide, including in India. Despite challenges, the Company maintained its momentum which led to an increase in its Revenue from Operations, which grew from INR 17,26,282,000/- to INR 19,29,007,000/-. However, the Expenses of the Company increased to INR 19,31,307,000/- from INR 17,17,121,000/-, in the previous year, owing to an increase in the cost of Raw material and components, Employee Benefit expenses, Finance Costs (including interest on 24 Annual Report 2020-21 Annual Report 2020-21 Copyright Protection: Confidential - ISO 16016 borrowings), etc.
The company still managed to have a Profit Before Tax of INR 27,863,000/-, which was higher than the previous year, i.e. INR 26,229,000/-. However, post consideration of Net Current Tax expenses, Prior year tax expenses & Deferred Taxes, which increased from INR 7,141,000/- to INR 27,549,000/-, your Company had a profit after tax of INR 314,000/-, compared to a Profit After Tax of 19,088,000/-, in the previous financial year. After considering the other comprehensive income/(loss) of INR (1,297,000/-), Total comprehensive income/(loss) stands at INR (983,000/-). The Basic and diluted earnings per share (for equity share having a face value of Rs. 10 each) stands at INR 0.10, as of 31st March 2021, compared to INR 6.02, as of 31st March 2020.
