JR FABRICATOR - ALL GAS, LITTLE SUBSTANCE
Article Abstract:
JR Fabricator, a liquefied petroleum gas (LPG) cylinder manufacturer, has disappointed the investors of its 1996 public issue as its scrip is seldom traded in the stock exchanges. The scrip has very low liquidity as it is listed only in the Ahemedabad and Pune stock exchanges. JR Fabricator had floated a Rs2.84 crore public issue to part finance its working capital needs of Rs2.17 crore and to buy plant and machinery. JR Fabricator has a capacity of 560,000 cylinders per annum and was meeting the needs of oil companies in India as well as parallel LPG bottlers. This enabled it to post exports of Rs1.65 crore during 1995-96. But the situation changed in 1996-97 as the demand from independent LPG producer failed to increase. This has led to JR Fabricator depending on demand from importers and oil corporations only. (ag) ------------------------------------------------------------ Financial Results: JR Fabricator (Rs in crore) ------------------------------------------------------------ Particulars 1996-97 1997-98 ------------------------------------------------------------ Sales 14.62 17.15 ------------------------------------------------------------ PBDIT 1.40 1.79 ------------------------------------------------------------ Interest 0.26 0.24 ------------------------------------------------------------ PBDT 1.14 1.55 ------------------------------------------------------------ Depreciation 0.19 0.26 ------------------------------------------------------------ PBT 0.95 1.29 ------------------------------------------------------------ Tax 0.26 0.35 ------------------------------------------------------------ Net Profit 0.69 0.94 ------------------------------------------------------------
Comment:
Disappoints investors of its 1996 public issue as its scrip is seldom traded in the stock exchanges
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SVEDALA TARGETS TURNOVER GROWTH WITH NEW VENTURES
Article Abstract:
Svedala India (SI) plans to set up new ventures like an engineering centre, a foundry, a service centre, leasing arrangements and a greenfield factory in India to increase its sales to Rs100 crore in the next 3 years. SI plans to focus on the service centre as 30 percent of its income comes from services. It plans to set up a new division to handle the service business and set up 4 service shops in Goa, Mumbai, Calcutta and Hyderabad. It services equipment like conveyor belts and sells spare parts. SI is a 100 percent subsidiary of Svedala of Sweden. (rk)
Comment:
Svedala India (SI) plans to set up new ventures like an engineering centre, a foundry, a service centre, leasing arrangements and a greenfield factory in India to increase its sales to Rs100 crore in the next 3 years.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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