DOCSLIB.ORG

Sri Jayarama Automotives Private Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sri Jayarama Automotives Private Limited Sri Jayarama Automotives Private Limited February 16, 2018 Summary of rated instruments Previous Rated Amount Current Rated Amount Instrument Rating Action (Rs. crore) (Rs. crore) [ICRA]BB (Stable); reaffirmed and removed from Fund Based 6.00 13.00 ‘Issuer Not Cooperating’ category [ICRA] A4; reaffirmed and removed from ‘Issuer Non Fund Based 4.00 4.00 Not Cooperating’ category Total 10.00 17.00 Rating action ICRA has reaffirmed the long-term rating of [ICRA]BB (pronounced ICRA double B) assigned to the Rs. 13.00 crore fund based limits of Sri Jayarama Automotives Private Limited (SJAPL or the company). ICRA has also reaffirmed the short term rating of [ICRA]A4 (pronounced as ICRA A four) assigned to the Rs. 4.00 crore non-fund based limits of the company. The outlook on the long-term rating is ‘Stable’. The ratings have been removed from ‘ISSUER NOT COOPERATING’ category as the firm has now submitted its ‘No Default Statement’ (“NDS”) which validates that the firm is regular in meeting its debt servicing obligations. Rationale The ratings reaffirmation positively factors in increase in revenues to Rs 111.24 crore in FY2017 from Rs 68.88 crore in FY2016 aided by addition of eight showrooms and strong response for the new products launched under YUVO and NUVO brands by Mahindra & Mahindra (M&M); three decades of promoter’s experience in tractor dealership industry and SJAPL’s established position as authorized dealer of Mahindra & Mahindra tractors in Mahabubnagar, Rangareddy, and Wanaparthy districts of Telangana. However, the ratings are constrained by moderate financial risk profile with gearing of 2.66 times as on March 31, 2017, total debt/OPBDIT of 5.02 times and interest coverage ratio of 1.50 times in FY2017; tight liquidity position with 99% of average utilisation of working capital limits in the past one year owing to large receivables with 32% debtors greater than six months as on March 31, 2017 and inherently low operating margins in the auto dealership business with pressure to pass on commission or price discounts to the retail customers. Going forward, the company’s ability to sustain the sales volumes and improve margins and timely recovery of payments from debtors would be critical from the credit rating perspective. Outlook: Stable The stable outlook reflects ICRA belief that experience of promoter in auto dealership business and sole distributorship in Mahabubnagar district will help the company to increase the scale of operations. The outlook may be revised to 'Positive' if the company reports improved capital structure and timely recovers payments from debtors. The outlook may be revised to 'Negative' in case of further decline in capital structure, decline in profitability margins or delay in recovery of payments from debtors. 1 Key rating drivers Credit strengths Experienced promoters in tractor dealership business – SJAPL is an authorised dealer of Mahindra & Mahindra (M&M) tractors and spare parts. The company is promoted by Mr. Ramreddy Bekkari and his wife who have more than three decades of experience in tractor dealership business. SJAPL’s group company Sri Rama Engineering is an authorized dealer of TVS motor cycles, mopeds and spare parts. Another group company Sri Jayarama Motors Private Limited is an authorized dealer of Maruti Suzuki India Limited in Mahabubnagar district of Telangana. Authorised dealer of Mahindra & Mahindra tractors – The company is an authorised dealer for M&M tractors. It is the sole dealer in Mahabubnagar district and has presence in Rangareddy district, Wanaparthy district and other areas around Hyderabad in Telangana. The company has eighteen showrooms as on January 2018. Market leader position of Mahindra & Mahindra in tractors segment - M&M continues to be the market leader in the domestic tractor industry with a market share of 42.80% in FY2017 as against 41.30% in FY2016. M&M has strengthened its market leadership position on the back of a healthy response received for its new products launched under YUVO and NUVO brands. Credit challenges Low profitability margins – Being in tractor dealership business, the operating profit margins are thin with pressure to pass on commissions and price discounts to retail customers. Also, operating profit margin in auto dealership business remain under pressure as the price margins are decided by Original Equipment Manufacturer (OEMs i.e., M&M). Although M&M is the market leader, profitability of the company is exposed to pricing pressure from other OEMS. Moderate capital structure and coverage indicators – High dependence on working capital borrowings resulted in gearing of 2.66 times as on March 31, 2017 and modest coverage indicators with interest coverage of 1.50 times for FY2017. High competition from other OEMS - Although M&M is the market leader, profitability of the company is exposed to pricing pressure from other OEMS. Vulnerability to agro climatic and political risk – The tractor dealership business is be exposed to agro climatic risk, political risk, cyclical and competitive pressure. Tight liquidity position – The working capital utilization of the company remained high at an average utilization of 99% over the past one year owing to large receivables with 32% debtors greater than six months as on March 31, 2017. Analytical approach: For arriving at the ratings, ICRA has applied its rating methodologies as indicated below. Links to applicable criteria: Corporate Credit Rating Methodology Rating Methodology for Automobile Dealerships 2 About the company: Sri Jayaram Automotives Private Limited (SJAPL) was incorporated in the year 1984 as a proprietorship firm. Eventually in the year 2005, the firm was reconstituted as a private limited company. SJAPL is an authorised dealer of Mahindra & Mahindra tractors and spare parts in Mahabubnagar district of Telangana. The company has presence in Rangareddy district, Wanaparthy districts of Telangana. It is also an authorised dealer for Exide batteries, Ceat tyres and ELF lubricants in Mahabubnagar district. SJAPL serves as a distributor for tractor trailers and agricultural implements manufactured by its group concern ‘Sri Rama Engineering Company’. The company has 18 showrooms located within the Mahabubnagar district and Ranga Reddy Districts. In 8MFY2018 on provisional basis, the company reported a net profit of Rs. 0.60 crore on an operating income of Rs. 117.64 crore, as compared to a net profit of Rs. 0.67 crore on an operating income of Rs. 111.24 crore in FY2017. Key financial indicators FY2016 FY2017 8MFY2018 (provisional) Operating Income (Rs. crore) 68.88 111.24 117.64 PAT (Rs. crore) 0.44 0.67 0.60 OPBDIT/ OI (%) 3.36% 2.97% 2.31% RoCE (%) 14.15% 15.80% 12.74% Total Debt/ TNW (times) 2.51 2.66 4.58 Total Debt/ OPBDIT (times) 6.04 5.02 7.71 Interest coverage (times) 1.37 1.50 1.70 NWC/ OI (%) 24% 17% 20% Source: Company Status of non-cooperation with previous CRA: Not applicable Any other information: None 3 Rating history for last three years: Chronology of Rating History for the past Current Rating (FY2018) 3 years Date & Date & Date & Instrument Amount Date &Rating Rating in Rating in Rating in Type Rated FY2017 FY2016 FY2015 (Rs. crore) Feb 2018 Nov 2017 Dec 2016 Sep 2015 April 2014 [ICRA]BB (Stable); [ICRA]BB Long [ICRA]BB [ICRA]BB [ICRA]BB 1 Cash Credit 13.00 ISSUER NOT (Stable) Term (Stable) (Stable) (Stable) COOPERATING (Suspended) [ICRA]A4; Bank Short [ICRA]A4 2 4.00 [ICRA]A4 ISSUER NOT [ICRA]A4 [ICRA]A4 Guarantee Term (Suspended) COOPERATING Complexity level of the rated instrument: ICRA has classified various instruments based on their complexity as "Simple", "Complex" and "Highly Complex". The classification of instruments according to their complexity levels is available on the website www.icra.in 4 Annexure-1 Instrument Details Date of Amount Coupon Maturity Current Rating and ISIN No Instrument Name Issuance / Rated Rate Date Outlook Sanction (Rs. crore) Inventory NA NA 10.50% NA 9.00 Funding (EDFS) [ICRA] BB (Stable) NA Cash Credit NA 10.50% NA 4.00 NA Bank Guarantee NA NA NA 4.00 [ICRA]A4 Source: Sri Jayarama Automotives Private Limited 5 ANALYST CONTACTS K. Ravichandran Srinivasan R +91 44 4596 4301 +91 44 4596 4315 [email protected] [email protected] Vinay Kumar G Tejal Shree +91 40 4067 6533 +91 40 40676523 [email protected] [email protected] RELATIONSHIP CONTACT Jayanta Chatterjee +91 80 4332 6401 [email protected] MEDIA AND PUBLIC RELATIONS CONTACT Ms. Naznin Prodhani Tel: +91 124 4545 860 [email protected] Helpline for business queries: +91-124-2866928 (open Monday to Friday, from 9:30 am to 6 pm) [email protected] About ICRA Limited: ICRA Limited was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency. Today, ICRA and its subsidiaries together form the ICRA Group of Companies (Group ICRA). ICRA is a Public Limited Company, with its shares listed on the Bombay Stock Exchange and the National Stock Exchange. The international Credit Rating Agency Moody’s Investors Service is ICRA’s largest shareholder. For more information, visit www.icra.in 6 ICRA Limited Corporate Office Building No. 8, 2nd Floor, Tower A; DLF Cyber City, Phase II; Gurgaon 122 002 Tel: +91 124 4545300 Email: [email protected] Website: www.icra.in Registered Office 1105, Kailash Building, 11th Floor; 26 Kasturba Gandhi Marg; New Delhi 110001 Tel: +91 11 23357940-50 Branches Mumbai + (91 22) 24331046/53/62/74/86/87 Chennai + (91 44) 2434 0043/9659/8080, 2433 0724/ 3293/3294, Kolkata + (91 33) 2287 8839 /2287 6617/ 2283 1411/ 2280 0008, Bangalore + (91 80) 2559 7401/4049 Ahmedabad + (91 79) 2658 4924/5049/2008 Hyderabad + (91 40) 2373 5061/7251 Pune + (91 20) 6606 9999 © Copyright, 2018 ICRA Limited.
Load more

Recommended publications
  • LIBRO INDIA 2021 a Color FINAL Agosto.Indd
    India-América Latina: Relación comercial e inversión India–Latin America: Trade and investment relationship India-América Latina: Relación comercial e inversión India–Latin America: Trade and investment relationship Sadcidi Zerpa de Hurtado Aparajita Gangopadhyay Alberto José Hurtado Briceño Editores Grupo de Estudios Económicos sobre Asia Universidad de Los Andes India-América Latina: Relación comercial e inversión India–Latin America: Trade and investment relationship © Sadcidi Zerpa de Hurtado Aparajita Gangopadhyay Alberto José Hurtado Briceño Editores 1ra Edición, 2021 Grupo de Estudios Económicos sobre Asia Universidad de Los Andes © Para esta edición Prachi Agarwal Nanno Mulder Aravind Krishnan Paridhi Pardeshi Hari Seshasayee Devika Misra Alberto José Hurtado Briceño Sadcidi Zerpa de Hurtado Soraya Caro Vargas Francisco Daniel Trejos-Mateus Paola Andrea Baroni Tamara Spagnolo Karol Stefany Rojas Tole Karen Lorena Gutiérrez Masmela Saul Martínez González Ramón Alonso Dugarte Rangel Francisco Javier Haro Navejas Raquel Isamara León Aparaajita Pandey Hecho el depósito de Ley Depósito legal: ME2021000274 E-Book: ME2021000276 ISBN: 978-980-11-2048-3 E-Book: 978-980-11-2049-0 Imágenes internas: www.pixabay.com Cuidado de los textos: Sadcidi Zerpa de Hurtado Aparajita Gangopadhyay Alberto José Hurtado Briceño Diseño y cuidado digital José Gregorio Vásquez Edición digital, 2021 La presente publicación fue evaluada y aprobada por el Dr. Manuel Gonzalo, Universidad Nacional de General Sarmiento, Argentina, y el Dr. Juan Miguel Massot, Universidad
    [Show full text]
  • Mahindra Tractors Eyes Sales Growth in FY15 with Arjun Novo ­ Business Today
    21/03/2015 Mahindra tractors eyes sales growth in FY15 with Arjun Novo ­ Business Today THE INDIA TODAY GROUP India Today Aaj Tak Headlines Today Business Today Men's Health Wonder Woman Cosmopolitan Oye! 104.8FM Travel Plus Bag it Today BIZ WRAP MARKETS FINANCES INDUSTRY TECH FEATURES VIDEOS OPINION PHOTOS B-SCHOOL DEBATE MORE GN Singh aims to change SENSEX 28261.08 NIFTY 8570.90 US$ R6s. 2.32 GOLD R2s. 5925 Type Stock Name drug regulatory structure ­208.59 ­0.73% ­63.75 ­0.74% 0 115 0.45% Mutual Funds Lookup Type Commodity Home SECTORS Auto Story Search Mahindra tractors eyes sales growth in FY15 with Arjun Novo PTI Kolkata Last Updated: October 15, 2014 | 17:10 IST LATEST MUST READ TECH NEWS Sebi slams firms for 'gender bias' in boardroom AAP govt hikes water charges by 10 per cent Coal auction: Govt rejects bids of JSPL, Balco Industries Delhihites may face water-shortage problem in summer (Photo: Reuters) Delhi HC bars Glenmark from selling two drugs RELATED Mahindra & Mahindra, which is gearing up to launch MORE airconditioned tractors, is optimistic about sales growth in the segment during the current financial year despite a 4 per cent DON'T MISS decline in the industry in the first half of the year. Arjun Novo may establish M&M as tech leader "Unseasonal and deficit rain caused degrowth in tractor industry in the first half. With launch of our new Arjun Novo we expect to register growth for the full year. Mahindra had seen a marginal growth of 0.6 per cent in tractor sales in H1," Mahindra Farm equipment VP marketing Ravindra Shahane M&M cuts growth forecast for tractor said.
    [Show full text]
  • Here's Why We're the World's #1 Selling Tractor
    HERE’S WHY WE’RE THE WORLD’S #1 SELLING TRACTOR. DEMING PRIZE JAPAN QUALITY MEDAL 2003 2007 A WHOLE HERD OF BEEFED UP MODELS TO CHOOSE FROM. eMax S SERIES The Tier IV emissions-compliant eMax S sub-compact tractors have once again redefined the sub-compact market with tractors that offer true tractor performance. Featuring a complete range of available attachments and implements including a factory installed cab, drive-over mower deck, snow removal equipment and a backhoe that can be added at any time, you have a powerful and versatile tractor that provides the industry’s best value. MAX SERIES The series features industry-redefining sub-compact and mid-compact models. The backbone of all Max series tractors is a full-length tractor frame that allows users to install a backhoe at any time. The Max series tractors have a wide range of attachments and implements, including a driver-over mowing deck, snow blowers, blades, brooms and feature the highest capacity loaders in the market. Factory-installed cab is available for the Max XL series. 1500 SERIES The high-performance premium 4WD, Tier IV mCRD-powered, 1500 series compact tractors are designed for light to medium applications. These 25.6 to 38.7 HP models are available with options like heavy-duty loaders and backhoes; gear, shuttle or hydrostatic transmissions; soft or integrated cabs; ag, industrial, or turf tires; drive-over mid-mount mowers; and many available implements. 2500 SERIES Economical and easy-to-operate 4WD, Tier IV mCRD-powered, tractors are designed for general purpose farming and agriculture, livestock operations and grounds maintenance.
    [Show full text]
  • Mahindra Everyday
    ISSUE 1, 2013 ISSUE 1, 2013 WHAT’S INSIDE? Mahindra e2o Launched: Set to Redefine the Future of Mobility World Class Tractor Plant Inaugurated in Andhra Pradesh MSSSPL’s Golden Journey Of 50 Years 8th Annual Mahindra Excellence in Theatre Awards Announced Special Feature: The Mahindra Institute of Quality Mahindra Everyday 1 ISSUE 1, 2013 CONTENTS CULTURAL COVER STORY 04 OUTREACH 35 Mahindra USA’s exciting and eventful On the art and culture front, initiatives story of growth and success, from showcased old world culture, the world’s 1994 to date. best guitar and music talent, excellence in theatre and more. INTERNATIONAL AWARDS FOR OPERATIONS 11 EXCELLENCE 40 The Mahindra Group’s international A spectrum of awards, including the action stretched from Serbia to Sri first Mahindra Sustainability awards Lanka, South Africa and elsewhere recognising diverse sustainability around the globe. initiatives, was recently presented. SECTOR BRIEFS 13 SUSTAINABILITY 47 As ever there was plenty happening Efforts and initiatives towards across sectors and in all spheres of preserving, safeguarding and sustaining action – new plants, new products, our planet and its precious resources. distinguished visitors, certifications and celebrations. Please write in to [email protected] to give feedback on this issue. ME TEAM Associate Editors: Zarina Hodiwalla, Darius Lam Soumi Rao Chandrika Rodrigues Col. Abhijit Dasgupta AS, Kandivli MLDL Mahindra Management Dev. Center Asha Sabharwal Stella Rozario AS, Nashik MTWL Santosh Tandav Mahindra Partners Shirish Kulkarni Pradeep Zoting AS, Igatpuri FES, Nagpur Vrinda Pisharody Tech Mahindra & K.P. Narsimha Rao Pavitra Kamdadai Mahindra Satyam AS, Zaheerabad MNEPL Rajeev Malik Venecia Paulose Martin Cisneros Preeti Nair MVML, Chakan Mahindra USA Mahindra Navistar Edited and Published by Roma Balwani Nitin Panday Swapnil Soudagar Pooja Thawrani for Mahindra & Mahindra Limited, Gateway Mahindra Swaraj Systech Mahindra Reva Building, Apollo Bunder, Mumbai 400 001.
    [Show full text]
  • Minda Corp Kotak
    The Research Report is only for reference purposes for residents in India, but not for the purposes of advising or recommending on any investment. Kotak Securities Limited or its affiliates are not seeking any business relationship with any viewer of this report nor does Kotak Securities or its affiliates assume any liability for acting on this report nor does it take any responsibility to update information provided in this report. Company Report Minda Corp. (MDA) BUY Automobiles December 07, 2015 INITIATING COVERAGE Sector view: Attractive Harness the potential. Minda Corporation is one of the leading suppliers of locksets, Price (`): 89 wiring harness and instrument clusters in the Indian automotive market. Our positive view on the stock is underpinned by (1) Minda’s technology tie-ups with global Target price (`): 110 suppliers that give it access to MNC OEMs, (2) its ability to gain market share across BSE-30: 25,530 segments and (3) robust growth potential from new products such as steering roll connectors and sensors. We expect 25% EPS CAGR over FY2016-20E and initiate coverage with a BUY rating; our TP of `110 is based on 15X September 2017E EPS. Technology tie-ups and strong relationship with OEMs to drive market share gains Minda Corporation is well-placed to deliver 20% revenue CAGR over the next five years led by INSIDE (1) market share gains across segments, (2) expansion of product offerings with existing Key technology customers and (3) new products. We expect Minda Furukawa’s market share in wiring harness partners and their to increase to 16% by FY2020 (from 7% currently) led by market share gains with Maruti.
    [Show full text]
  • RK PRICE LIST 2018-2019.Cdr
    1 AN EXCLUSIVE SHOWROOM OF KEY CHAINS GALLERY OFFICE : 8658/14-B, SHIDIPURA, EAST PARK ROAD KAROL BAGH, NEW DELHI-110005 Mob. 9811040055, 49428655 e-mail : [email protected] KEYCHAIN GALLERY PRICE LIST 2018-2019 S. No. Name of Items Rate Per Pc. S. No. Name of Items Rate Per Pc. HYDRAULIC SPARK KEY CHAIN 115. RUDRA 4.80 101. HTC 3.80 116. CASTROL GTX3 4.90 102. EXIDE LIFE 3.80 117. INDIABULLS 4.90 103. MAZDA 3.90 118. TVS WEGO 5.00 104. TATA HEXA 4.40 119. ALIENT 5.00 105. COSTA GRILLS 4.40 120. HORLICKS GROWTH 5.00 106. BANK OF BARODA 4.40 HYDRAULIC OPENER 121. PINK DUCK 5.00 107. SUZUKI SWISH 4.40 122. PADDLE POP 5.50 108. ROYAL ENFIELD 4.40 123. BAGPIPER 5.50 109. LIC HOUSING FINANCE LTD 4.40 124. CASTLE LAGER 5.50 110. J&K BANK 4.60 111. ABBOTT 4.60 125. RAW 5.40 METAL ROUND NECK KEY CHAINS 126. WHITE HORSE 5.50 112. CHANEL PARIS 4.60 113. ORRA JEWELLERS 4.75 127. HATCHET LAGER 5.60 114. KTM DUKE 4.80 128. FINLANDIA 5.75 MIN. QTY. 525 PCS. 2 AN EXCLUSIVE SHOWROOM OF KEY CHAINS GALLERY S. No. Name of Items Rate Per Pc. S. No. Name of Items Rate Per Pc. GOLDEN MEENA KEY CHAIN SILVER, MEENA KEY CHAIN 129. HATHI CEMENT 5.35 149. JIO PHONE 5.65. 130. RELIANCE 5.65 150. SBI 5.65. 151.HINDUSTAN PETROLEUM 6.25 131. CLUB MAHINDRA 5.90 DIGITAL KEY CHAIN 132.
    [Show full text]
  • Group Presentation
    250,000+ EMPLOYEES MANY COMPANIES $19.4 ONE PURPOSE BILLION 100+ COUNTRIES 11 SECTORS 22 INDUSTRIES 1 © by www.mahindra.com Our story begins in 1945, with two men on a mission. THE MISSION driven by the core idea that people will Mr. J. C. MAHINDRA succeed if given an opportunity - was to bring the iconic Jeep onto Indian roads. Mr. K. C. MAHINDRA 2 © by www.mahindra.com A SNAPSHOT OF MAHINDRA'S MILESTONES The iconic Willy’s We set up Maxi Jeep comes to Motors Financial India for the very We become Market Services, (now We pioneer Farm Mahindra Scorpio is first time, brought Leader & 100,000 Mahindra Finance) launched, credited in by M&M Mechanisation & tractors are flagged off to finance launch our first tractor to have shaped the by Mr. Keshub Mahindra Mahindra vehicles SUV market 1945 1949 1955-56 1961 1962 1980s 1986 1991 1996 2002 We set up Mahindra & We go public and Mahindra Ugine Joint Venture with Club Mahindra is born, providing Mohammed and officially listed on BSE Steel Co (MUSCO) British Telecom holidays on a timeshare basis commence steel trading is incorporated (now Tech Mahindra) as a company (now Sanyo) Project Nanhi Kali is born, providing primary education to underprivileged girl children 3 © by www.mahindra.com A SNAPSHOT OF MAHINDRA'S MILESTONES We set up Mahindra International, a truck & bus business through a JV with st We acquired Bangalore The iconic Jawa comes The 1 Mahindra World Navistar International and startup Reva, and back to India, brought City is set up in Chennai – International Truck & Engine We set up the expanded our EV portfolio in by M&M subsidiary, a step in creating Corporation (ITEC), USA Aftermarket business sustainable urbanisation to personal vehicles Classic Legends 2002 2003 2005 2007 2008 2009 2010 2011 2018 2019 We set up Mahindra Our acquisition of Punjab The PE & Corporate VC arm of We reposition from Unveiling of Shubhlabh Services Ltd.
    [Show full text]
  • Brand Mahindra Tractors Wins Two Awards at the RMAI Flame Awards Asia 2016 22
    Mahindra showcases its prowess at the 13th auto expo 2016 17 Brand Mahindra Tractors wins two awards at the RMAI Flame Awards Asia 2016 22 M&M is 1st Indian Company to join Global Initiative to increase energy productivity 37 ISSUE 1 • 2016 CONTENTS COVER STORY ME TEAM 2 GOING DIGITAL EDITOR The Mahindra Group’s digital transformation journey over the years and across KOEYLI JALUKA divisions. In the words of the people that are driving this phenomenon with their innovative initiatives. AUTOMOTIVE DIVISION Bonita Fernandes, Rajeev Malik and Anita Beri TREND NEWS 14 45 WATCH FARM DIVISION Priyanka Koijam, Shruti Chhabra and Updates across sectors, including Mahindra Electric, India’s first and only Phiruzi Kasad launches, initiatives, awards and electric automaker, rolls out the e2o, recognition. e-Verito and the e-Supro to provide TWO WHEELER solutions that aid futuristic mobility. Hemisha Raigaga FINANCIAL SERVICES Charandeep Chawla BUSINESS FOR CULTURALLY 46 GOOD 50 YOURS AFTER-MARKET Geethu Menon and Vikas Sachdeva At Mahindra & Mahindra in furthering our The performing arts came alive at the ‘Rise for Good’ philosophy, various entities Mahindra Excellence in Theatre Awards, MAHINDRA PARTNERS are proving to be vehicles of positive the Mahindra Blues Festival and the Gail Cutinha change in their respective communities. Mahindra Sanatkada Lucknow Festival held in 2016. Visual treat in store. INFRASTRUCTURE & REALTY Shalini Bhattacharya, Subrata Sengupta and Anurag Vijay FOREIGN 54 56 AFTER HOURS HOSPITALITY DESPATCH Priyadarshani Sharma Discover Serendipitous Sri Lanka through The official funny man of Mahindra, the eyes and heart of Mahindra’s Global Rahul Subramanian equates comedy INFORMATION TECHNOLOGY Recruit, Heshika Deegahawathura who to unlocking the puzzles of the mind Vrinda Pisharody captures and comments on all things and to just being himself.
    [Show full text]
  • Delhi Takes the Lead with Landmark EV Policy
    Rs 100 pEssentialro readingfe fors thes Automotiveion industryal Vol. 16 No. 17 Total pages: 56 15 August 2020 www.autocarpro.in BRAND FINDER E-MOBILITY SPECIAL E-TWO-WHEELERS Ampere Electric ................. 5 ARAI ...................................40 Ashok Leyland ..... 6, 25, 47 Ather Energy ...................... 5 Central Pollution Control Board..................................40 Centre for Auto Policy & Research .....................40, 54 Centre for Science and Environment .....................23 Daimler India Commercial Vehicles ...................... 42, 50 Srivaru Motors to Deloitte...............................35 Eicher Motors ..................... 3 launch its first e-bike Faradion .............................34 Coimbatore-based Greaves Cotton .................22 start-up scripts major plan Guidance TN ......................42 Hero Electric ................. 5, 21 for electric mobility Page 28 Hitachi ABB Power Grids 24 Hyundai Motor India 4,7, 42 INFRASTRUCTURE India Yamaha Motor .........42 Infraprime Logistics Technologies ......................34 IOCL R&D Centre ..............40 Jitendra New EV Tech......22 JRC European Commission .......................40 Delhi takes the lead Kia Motors India .............4, 8 Mahindra & Mahindra 15, 49 Mahindra Electric ..............21 Maruti Suzuki with landmark EV policy Hitachi ABB Power India ........................ 4, 12, 40 Comprehensive policy targets 500,000 electric vehicles, 25 percent Ministry of Road Transport Grids targets CV biz & Highways .................. 5, 23
    [Show full text]
  • The Moultrie Observer and Became Very Proficient with Their Read All About the Energy and Dedication Talents
    821146 From the Publisher... Down Stories about those who pursue their dreams HMAGAZINEome S E PTEMBER 2013 Moultrie and Colquitt County are rich their families have embraced this concept as Published quarterly by in stories about people who pursued dreams a much-needed community service. The Moultrie Observer and became very proficient with their Read all about the energy and dedication talents. Sometimes they were just pastimes that it takes to make such an organization PUBLISHER and they involved other family members work. Dwain Walden and friends. Then comes Liz Savage who directs the And so goes the story of Homer Lanier 50th Regiment Band of Colquitt County EDITOR Jr. who had a way with horses, so much so High School. Adelia Ladson that he founded the Lanier Rodeo Team As Liz very appropriately puts it, the back in 1943. 50th Regiment provides the soundtrack EDITORIAL STAFF And the horses that took Homer and for Friday night football at Mack Tharpe Kevin Hall brother Glenn in a cart to Autreyville each Stadium. Adelia Ladson Alan Mauldin morning to catch the bus to school in Staff writer Adelia Ladson gives us a first- Wayne Grandy Moultrie were the same ones that jumped person look into what it takes to develop through fire and performed other stunts and maintain a strong band program at ADVERTISING STAFF that entertained crowds throughout the Colquitt County High School. Chris White state. We hope you enjoy this edition of Glenda Apperson This is just one of several stories about Downhome. And if you have ideas of stories Laurie Gay your friends and neighbors that appear for future editions, please contact Kevin Earline Barker in this issue of Downhome magazine, Hall or Adelia Ladson at The Moultrie Jane Hamm published quarterly by The Moultrie Observer to discuss those ideas.
    [Show full text]
  • Price-List-4Wh-2015-16.Pdf
    4-WHEELERS INDEXINDEX PAGE NOS. Sr. PARTICULARS Door Wiring Control Window No. Locks Handle Harness Cables Regulator 1. Maruti Udyog Limited 2-3 11 15 68 2. Tata Motors Limited 3-6 11-12 15 64 67-68 3. Hyundai Motors India Limited 6 12 68 4. Mahindra & Mahindra Limited 6-8 12-13 15-16 67 5. Ford India Pvt. Ltd. 8 6. General Motors India Ltd. 8 13 7. Toyota Kirloskar India Limited 8 13 8. Ashok Leyland Limited 8 64 Terms & Conditions: 9. Force Motors Limited 8 13 • This Price List cancels all our previous Price lists. 10. Eicher Motors Limited 9 11. Tafe Tractors 16 • The Company reserves the right to increase or 12. Mahindra and Mahindra Tractors 16-17 65 decrease the prices without any prior notice 13. HMT Tractor 17 65 • Maximum Retail Prices are inclusive of all applicable 14. Eicher Tractor 9 17 65 15. Escorts Tractors 17 65 duties, Central and Local Taxes. 16. Punjab Tractors Ltd. 17 • Disputes, if any, shall be subject to Delhi Jurisdiction 17. Ford Tractor 65 only. 18. Wiring Connectors 18 19. Fuse Box Assembly 18 20. Clusters 20-31 21. Speedometers 32-34 22. RPM Meter 35-36 23. Fuel Gauge 37-38 24. Temp Gauge 39-41 25. Air & Oil Pressure Gauge 42-43 26. Case Assembly 44 27. Volt Meter, Amp Meter & 45 Battery Gauge 28. Sensor 47-49 29. Wiper Blade 51-54 30. Relay 56-57 31. Flasher 57 32. Filter 59-62 33. Glow Plug 70 LOCKS Spark Minda Reference Description ` M.R.P./ Per.
    [Show full text]
  • One Company, Three Major Achievements
    THE PARTNERS POST WWW.MAHINDRAPARTNERS.COM A MAHINDRA PARTNERS PUBLICATION APRIL 2020 Waste to Energy Solutions Ltd. The Mahindra Group rises Mahindra Partners joins Mahindra Partners sector to the COVID Challenge invests in Aquasail WASTE TO ENERGY >> 12 THE COVID CHALLENGE >> 05 AQUASAIL >> 14 One company, three major achievements Narayan Dharmadhikari trained rigorously about TPM for around three months. Mahindra Accelo Plant visits were conducted to other Indian companies like Godrej and Boyce Appliance Shirwal plant, Mahindra and Mahindra- Igatpuri plant, etc. that have Mahindra Accelo hit the hat- the best in class TPM capabilities. trick by being certified by JIPM, Initially, the team only decided to focus on 5 TPM pillars. In December 2016, Nasik Plant was assessed featuring in Asia's Top 25 world by Confederation of Indian Industries (CII) and places by GPW and Zero Waste to received ‘TPM commitment award’. With this, the enthusiastic team decided to challenge themselves Landfill certificate. further to achieve all eight pillars of the TPM excellence award. Japan Institute of Plant Maintenance (JIPM) Total In December 2018, the TPM Health check Productive Maintenance (TPM) Excellence award is assessment was carried out by Srinivasan of CII. the most coveted and prestigious award to certify the JIPM assessors Prof. Tetsuo Miyamura and overall performance of the plant. Masayoshi Sugiura San conducted Stage 1 assessment It means achieving the uphill task of 4 Zeros: Zero on 27th April 2019 and stage 2 assessment on 30th and Accidents, Zero Defects, Zero Waste and Zero 31st October 2019 at the Mahindra Accelo, Nashik Breakdowns. the Accelo Nashik team.
    [Show full text]