Asian Paint's Company Profile
Asian Paints Limited
Company Analysis 17thJuly2007 Price target-1,150
Shareholding Pattern (as on 31 March’07)
Key Statistics (as on 16 July’07)
COMPANY OVERVIEW:
Asian Paints is India's largest paint company and the third largest paint company in Asia today, with a turnover of Rs 36.7 billion(around USD 851 million). The company has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 21 countries and has 29 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Tubman’s.
INVESTMENT RATIONALE :
The first phase of the Greenfield industrial liquid paints facility at Taloja, Maharashtra was commissioned during last quarter of FY06-07.The production is being ramped up at the facility and it is expected to reach the installed capacity of 14,000 KL by the month of September 2007.This will help the company to improve its service levels to Industrial customers and also bring about cost efficiencies Associated with manufacturing the bulk of industrial Products at a single location.
The Company in order to meet market requirements is Planning to enhance the capacity of the plant at Sarigam. Plans are being drawn up and work on the civil structure is Expected to commence from October, 2007. The enhanced capacity will be available during the second quarter of the FY08-09. With these capacities at Baddi and Sarigam, APICL will be placed to service the powder coating requirements. During last year, the capacity of the Sriperumbudur plantwas raised to 50,000 KL per annum early in 2006-07. This capacity came in handy as emulsion paints sales grew well.
The company is adding a polymer plant at Sriperumbudur which is expected to be commissioned in the first quarter of 2007-08. The plant at Ankleshwar has received environmental and other clearances to produce up to 1,00,000 KL, per annum. Some additional facilities, especially storage and handling, need to be installed at Ankleshwar as well as Patancheru and Kasna plant so as to produce at the rated capacity on consistent basis.
COMPANY OVERVIEW
Rolta India Limited is an Indian Information Technology company with its corporate headquarter in Mumbaithe company operates through a network of 42 regional offices across India combined with its seven subsidiaries,located in USA, Canada, UK, Netherland, Germany, Saudi Arabia and the United Arab Emirates. Rolta is todaya market leader in Geospatial and Engineering segments with a unique combination of IT-based solutions and
services, with wide array of multi-million dollar projects in over 35 countries.
This combination of Geospatial,Engineering design, e-security services and solution is unique to Rolta because no other company is providingsimilar combination anywhere in the world. This combination provides Rolta with competitive advantage overother companies by being able to combine its domain knowledge to tailor solutions more precisely to itscustomer needs.
ROLTA TO SET UP IT PARK IN KOLKATA
Rolta India Limited has announced the setting up of Information Technology Park at Kolkata as a part of its expansion plan. This IT park will have facilities for delivery of Information Technology based Geospatial services, Engineering design services, Software development and ERP implementation services worldwide.
This facility once completed will be providing employment to 5,000 technical professionals and domain experts from talent available in West Bengal. This facility will be set-up in phases with an investment of about Rs 2,500million.
This Information Technology park will add another milestone to the success story of the Rolta India Limited and will intensify its competitive edge.
JOINT VENTURES
Rolta India Limited joint venture with Thales, France, will be providing a broad spectrum of cutting-edge technologies, systems and solutions for developing state-of-the-art Command, Control Communications, Computers, Intelligence, Surveillance, Target Acquisition and Reconnaissance Information Systems (C4ISTAR) for the defense and homeland security sectors, both in the domestic and international markets.
Rolta is a leader with a market share of over 85% in the Engineering Design Automation segment in India and one of the major Plant Information Management Services providers worldwide.
Rolta provides a complete range of advanced engineering design services, encompassing the entire product, plant lifecycle designing, modeling, detailing, analysis, tooling, manufacturing, operations, maintenance and simulation. Taking this leadership further, Rolta's strategic joint venture with Stone & Webster, Inc., provides high-quality cost-effective engineering, design and procurement management (EPCM) services to power, refinery and petrochemical projects worldwide.
This partnership has evolved into an independent full service engineering and procurement operation, pursuing large contracts business.
Asian Paints Limited
Company Analysis 17thJuly2007 Price target-1,150
Shareholding Pattern (as on 31 March’07)
Key Statistics (as on 16 July’07)
COMPANY OVERVIEW:
Asian Paints is India's largest paint company and the third largest paint company in Asia today, with a turnover of Rs 36.7 billion(around USD 851 million). The company has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 21 countries and has 29 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Tubman’s.
INVESTMENT RATIONALE :
The first phase of the Greenfield industrial liquid paints facility at Taloja, Maharashtra was commissioned during last quarter of FY06-07.The production is being ramped up at the facility and it is expected to reach the installed capacity of 14,000 KL by the month of September 2007.This will help the company to improve its service levels to Industrial customers and also bring about cost efficiencies Associated with manufacturing the bulk of industrial Products at a single location.
The Company in order to meet market requirements is Planning to enhance the capacity of the plant at Sarigam. Plans are being drawn up and work on the civil structure is Expected to commence from October, 2007. The enhanced capacity will be available during the second quarter of the FY08-09. With these capacities at Baddi and Sarigam, APICL will be placed to service the powder coating requirements. During last year, the capacity of the Sriperumbudur plantwas raised to 50,000 KL per annum early in 2006-07. This capacity came in handy as emulsion paints sales grew well.
The company is adding a polymer plant at Sriperumbudur which is expected to be commissioned in the first quarter of 2007-08. The plant at Ankleshwar has received environmental and other clearances to produce up to 1,00,000 KL, per annum. Some additional facilities, especially storage and handling, need to be installed at Ankleshwar as well as Patancheru and Kasna plant so as to produce at the rated capacity on consistent basis.
COMPANY OVERVIEW
Rolta India Limited is an Indian Information Technology company with its corporate headquarter in Mumbaithe company operates through a network of 42 regional offices across India combined with its seven subsidiaries,located in USA, Canada, UK, Netherland, Germany, Saudi Arabia and the United Arab Emirates. Rolta is todaya market leader in Geospatial and Engineering segments with a unique combination of IT-based solutions and
services, with wide array of multi-million dollar projects in over 35 countries.
This combination of Geospatial,Engineering design, e-security services and solution is unique to Rolta because no other company is providingsimilar combination anywhere in the world. This combination provides Rolta with competitive advantage overother companies by being able to combine its domain knowledge to tailor solutions more precisely to itscustomer needs.
ROLTA TO SET UP IT PARK IN KOLKATA
Rolta India Limited has announced the setting up of Information Technology Park at Kolkata as a part of its expansion plan. This IT park will have facilities for delivery of Information Technology based Geospatial services, Engineering design services, Software development and ERP implementation services worldwide.
This facility once completed will be providing employment to 5,000 technical professionals and domain experts from talent available in West Bengal. This facility will be set-up in phases with an investment of about Rs 2,500million.
This Information Technology park will add another milestone to the success story of the Rolta India Limited and will intensify its competitive edge.
JOINT VENTURES
Rolta India Limited joint venture with Thales, France, will be providing a broad spectrum of cutting-edge technologies, systems and solutions for developing state-of-the-art Command, Control Communications, Computers, Intelligence, Surveillance, Target Acquisition and Reconnaissance Information Systems (C4ISTAR) for the defense and homeland security sectors, both in the domestic and international markets.
Rolta is a leader with a market share of over 85% in the Engineering Design Automation segment in India and one of the major Plant Information Management Services providers worldwide.
Rolta provides a complete range of advanced engineering design services, encompassing the entire product, plant lifecycle designing, modeling, detailing, analysis, tooling, manufacturing, operations, maintenance and simulation. Taking this leadership further, Rolta's strategic joint venture with Stone & Webster, Inc., provides high-quality cost-effective engineering, design and procurement management (EPCM) services to power, refinery and petrochemical projects worldwide.
This partnership has evolved into an independent full service engineering and procurement operation, pursuing large contracts business.