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×

panasonic avc networks india company Limited

29.10
+ 0.34 %
Scrip Name
Panasonic AVC
ISIN No.
INE071B01011
PAN No.
AAACM6492M
Face Value
10
No. of Outstanding Shares
50,000,007
Market Capitalization
145.50 Crore

PANASONIC AVC NETWORKS INDIA COMPANY LIMITED UNLISTED SHARE


ABOUT PANASONIC AVC NETWORKS INDIA COMPANY LIMITED


PANASONIC AVC NETWORKS INDIA COMPANY LIMITED was incorporated on 19 March 1996. It is classified as a Non-govt company and is registered at Registrar of Companies, Delhi.


The Company is engaged in the business of manufacturing and trading of electronic items like LCD & Plasma TVs, DVD players, Home Theatre Systems, Smartphones, Cameras, Camcorders, Car Audio Systems, Mounted printed circuit board for air conditioner, Washing Machines, Refrigerators, Microwave Ovens, Automatic Cookers, Vacuum Cleaners and a wide range of system products including communication ones like Mobile Phones, High Definition Videoconferencing, Professional Audio-Video products like Broadcast Cameras, Projectors and Displays, Business Solutions including Printers, Whiteboards and Security Solutions.


The Company has disposed of its mounted printed circuit board business and discontinued its television (TV) production business but has a plan to continue its consumer service business in the foreseeable future.


Since the founding of the company, Panasonic has been providing better living for customers, always making "people" central to their activities, and thus focusing on "people's lives." The company is continuing to work hard In various spaces and areas, such as homes, communities, businesses, journeys, and automobiles, to offer new value for better living, and help realize "A Better Life, A Better World" for each individual customer.


INCORPORATION DETAILS


CIN

U74899DL1996PLC077330

Registration Date

March 19, 1996

Category/Sub-category of the Company

Manufacturing Company

 Limited by Shares

Address of the Registered office and contact details

D-13/4, Okhla Industrial Area, Phase-II, New Delhi-110020, India

Tel:+91-120-4024500

Email Id: Neeraj.khanna@in.panasonic.com

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

Skyline Financial Services Private Limited,

D-153 A|Ist Floor| Okhla Industrial Area, Phase-I| New Delhi-110020. Tel. : +91 11 40450193-97

 

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products/services

% to total turnover of the Company

Manufacturing of LED TV

77.84%

 

BOARD OF DIRECTORS

Mr. Isshin Kinugawa (Chairman & Managing Director)

Mr. TsuyoshiYoto (Director)

Mr. Toru Shinohara (Director)

Mr. Yasunari Anan (Director)

Mr. Yasho Verdhan Verma (Independent Director)

Mrs. Kanchan Vohra (Independent Director)


PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

PANASONIC AVC NETWORKS INDIA COMPANY LIMITED does not have any subsidiary or associate company.

 

PANASONIC AVC NETWORKS INDIA COMPANY LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

5,00,00,007

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE071B01011

Pan No. 

AAACM6492M

Lot Size:

100 Shares

Last Traded Price:

Rs. 35

Market Cap: 

Rs. 175.00 Crore

 

 

 

SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholder's Name

Number of shares

% of total Shares of the company

1

Panasonic Corporation, Japan (Promoter)

4,76,27,439

95.25%

2

Public Shareholding

22,70,006

4.54%

3

 IEPF

1,02,562

0.21%


Total

5,00,00,007

100%


INDUSTRY OUTLOOK


The electronics industry is one of the fastest-growing across the world, set to reach US$ 7.3 trillion by 2025. The electronics market valued at $118 billion in 2020 is segmented as Mobile Phones (24%), Consumer Electronics (22%), Strategic Electronics (12%), Computer Hardware (7%), LEDs (2%), and Industrial Electronics (34%) comprising of Auto, Medical and other industrial electronic products.


Domestic electronics production grows over 2.5 times in 5 years; from $29 billion (2014) to $75.7 billion (2019-2020). The domestic Electronic Components market in India for 2019 was $20.8 billion (excluding imported PCB-Assemblies). Digital Transactions per capita per annum have increased up to 10 times in 5 years. India is a global R&D destination, with 1140+ R&D Centers of MNCs in India employing 9,00,000+ professionals


Of the total electronics demand in India, around 50% is fulfilled by imports and 16% is exported of the total local electronics production. The government of India is very keen to reduce electronics imports by initiatives like Make in India and the Digital India programs to encourage domestic manufacturing and exports across the electronics system design and manufacturing (ESDM) value chain, aiming to achieve a market size of US$ 251 billion by 2023.


Various schemes have been launched by the government in order to position India as a global hub for Electronics System Design and Manufacturing (ESDM) such as Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, Production Linked Incentive Scheme (PLI) for IT Hardware, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters Scheme (EMC 2.0)


With the rising manufacturing costs in other economies and the increasing labor costs in China, coupled with rising tension between the USA and China, global organizations are expected to shift their units from China to India and other European countries to serve domestic and global demand.


PROFIT & LOSS STATEMENT OF PANASONIC AVC NETWORKS INDIA COMPANY LIMITED (In Rs. Lakhs)

 

PARTICULARS

FY 2020

FY 2019

FY 2018

Revenue from Operations

1,913.37

1,893.07

42,152.5

EBITDA

-126.41

-67.46

1,488.26

Finance Cost

0.35

7.52

57.66

Depreciation

102.96

236.92

400.75

Other Income

337.63

316.55

333.64

Profit Before Tax

107.91

4.65

1,363.49

Total Tax

-29.98

6.02

461.74

Profit After Tax (PAT) from continuing operations

137.89

-1.37

901.75

Profit/Loss from discontinuing operations

-1,749.31

429.75

0.00

Profit for the Year

-1,611.42

428.38

901.75

EPS

-3.22

0.86

1.8

 

BALANCE SHEET OF PANASONIC AVC NETWORKS INDIA COMPANY LIMITED (In Rs. Lakhs)

PARTICULARS

31st March 2020

31st March 2019

ASSETS



NON CURRENT ASSETS



Tangible assets

446.16

723.75

Intangible assets

0.30

1.24

Financial assets

830.12

115.18

Tax assets

301.79

541.48

Other noncurrent assets

0.00

219.04

TOTAL NON CURRENT ASSETS

1,578.37

1,600.69

CURRENT ASSETS



Inventories

440.35

2,192.85

Financial assets

248.04

880.75

Trade receivables

485.69

2,274.56

Cash and cash equivalent

4,603.92

6,622.60

Other current assets

126.56

5.89

TOTAL CURRENT ASSETS

5,904.56

11,976.65

TOTAL ASSETS

7,482.93

13,577.34

EQUITY AND LIABILITIES



EQUITY



Equity Share Capital

5,000.00

5,000.00

Other Equity

203.95

2,177.01

TOTAL EQUITY

5,203.95

7,177.01

LIABILITIES



NON CURRENT LIABILITIES



Provisions

0.32

23.51

TOTAL NON CURRENT LIABILITIES

0.32

23.51

CURRENT LIABILITIES



Short term borrowings



Trade payables

1,182.17

4,114.95

Provisions

655.01

870.82

Other current liabilities

441.48

1,391.05

TOTAL CURRENT LIABILITIES

2,278.66

6,376.82

TOTAL LIABILITIES

2,278.98

6,400.33

TOTAL EQUITY AND LIABILITIES

7,482.93

13,577.34

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

Nil

0.60

1.04

 

PERFORMANCE OF THE COMPANY

Revenue from Operations increased by 1.07% from Rs. 1,893.07 lakhs in FY 2019 to Rs. 1,913.37 lakhs in FY 2020.


EBITDA of the company decreased by 87.39% from a loss of Rs. 67.46 lakhs in FY 2019 to a loss of Rs. 126.41 lakhs in FY 2020.


Net Profit of the company decreased by 476% i.e. from a profit Rs. 428.38 lakhs in FY 2019 to a loss of Rs. 1,611.42 lakhs in FY 2020.


The current Ratio of the company as of 31st March 2020 was 2.59.


The debt to Equity Ratio of the company as of 31st March 2020 was 0.22.


Book value per share of the company as of 31st March 2020 stood at Rs. 10.40.



 

 


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