Sundram Fasteners Limited REGISTERED & CORPORATE OFFICE 98-A, VII FLOOR DR

Sundram Fasteners Limited REGISTERED & CORPORATE OFFICE 98-A, VII FLOOR DR

Sundram Fasteners Limited REGISTERED & CORPORATE OFFICE 98-A, VII FLOOR DR. RADHAKRISHNAN SALM, * MYLAPORE, CHENNAI 600 004, INDIA TELEPHONE : +91 - 44 - 28478500 FAX : +91 - 44 - 28478508 /28478510 PAN : AAACS8779D CIN L35999TN1962PLC004943 WEBSITE www.sundrom.com July 15, 2019 National Stock Exchange of India Limited By NEAPS Scrip Code - 5UNDRMFA5T Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex Bandra (East) Mumbai - 400 051 BSE Limited By Listing Centre Scrip Code - 500403 Phiroze Jeejeebhoy Towers Dalai Street, Fort Mumbai - 400 001 Dear Sir / Madam, Compliance under Regulation 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Notice to the Shareholders to convene the 56th Annual General Meeting (AGM) to be held on Thursday, August 8, 2019 at 10.00 a.m. at the Music Academy - T T Krishnamachari Auditorium (Main Hall), New No. 168, T T K Road, Royapettah, Chennai - 600 014 and the Annual Report for the year ended March 31, 2019. The Notice of 56th AGM and the Annual Report for the year ended March 31, 2019 are also available on the website of our Company, www.sundram.com. We also wish to inform you that the Company is providing remote e-voting facility to its members for the business to be transacted at the AGM. The details of e-voting period is given below:- Remote E—Voting Period Day / Date / Time Commences on Monday, August 5, 2019 at 9.00 a.m. Closes on Wednesday, August 7, 2019 at 5.00 pm Thanking you, Yours truly, For SUNDRAM FASTENERS LIMITED R Dilip Kumar Vice President - Finance & Company Secretary M • ,.c.2.7, ass""4, ...iiii.) (4.4...) RIMS UIEN 11•111/ ‘11111111 .NrrI `4,11% wP 44nncil0 TM .4nriCkit* rk, %/71,1CP01 no I ntertek Intertek Intertek ANNUAL REPORT for the year ended March 31, 2019 BOARD OF DIRECTORS BANKERS Sri SURESH KRISHNA ICICI Bank Ltd. Chairman Standard Chartered Bank Ms ARATHI KRISHNA HDFC Bank Ltd. Managing Director Canara Bank Ms ARUNDATHI KRISHNA Joint Managing Director The Hongkong and Shanghai Banking Corporation Ltd. Sri K RAMESH STATUTORY AUDITORS Ms PREETHI KRISHNA M/s B S R & CO. LLP Chartered Accountants, Independent Directors KRM Tower, 1st & 2nd Floor, Sri V NARAYANAN (upto September 21, 2018) No. 1, Harrington Road, Sri R SRINIVASAN Chetpet, Chennai 600 031. Sri B MUTHURAMAN SECRETARIAL AUDITORS Sri HERAMB R HAJARNAVIS M/s S KRISHNAMURTHY & CO., Sri S MAHALINGAM Company Secretaries, Dr NIRMALA LAKSHMAN (w.e.f. September 20, 2018) “Shreshtam”, Old No. 17, New No. 16, Pattammal Street, Mandaveli, CHIEF FINANCIAL OFFICER Chennai - 600 028. Sri S MEENAKSHISUNDARAM COST AUDITOR VICE PRESIDENT - FINANCE & Sri P RAJU IYER, 17, (Old No. 8), COMPANY SECRETARY Hasthinapuram Main Road, Sri R DILIP KUMAR Nehru Nagar, Chromepet, REGISTERED OFFICE Chennai - 600 044. 98A, VII Floor, Dr Radhakrishnan Salai, Mylapore, Chennai 600 004 REGISTRAR & SHARE TRANSFER AGENT FACTORIES (In India) Integrated Registry Management Services Private Limited Tamil Nadu: Padi, Hosur, Aviyur, Mittamandagapet, Kences Towers, 2nd Floor, Velappanchavadi, Gummidipoondi, No. 1, Ramakrishna Street, SEZ - Mahindra World City North Usman Road, T Nagar, Puducherry: Korkadu Chennai 600 017 Telangana: Bonthapally Telephone: +91 44 28140801 - 803 Uttarakhand: Rudrapur Fax : +91 44 28142479, 28143378 FACTORIES (In India - through subsidiaries) E-Mail : [email protected] Tamil Nadu : Vallam Vadagal, Sriperumbudur Hosur WEBSITE www.sundram.com FACTORIES (Outside India - through subsidiaries) Sundram Fasteners (Zhejiang) Limited, China REDRESSAL OF INVESTOR COMPLAINTS Cramlington Precision Forge Limited, United Kingdom E-mail: investorshelpdesk@sfl .co.in 1 CONTENTS Financial Highlights ......................................................................................................................................................... 03 Notice of the Annual General Meeting ............................................................................................................................. 04 Report of the Board of Directors ....................................................................................................................................... 14 Management Discussion and Analysis ........................................................................................................................... 43 Business Responsibility Report ..................................................................................................................................... 48 Independent Auditor’s Certifi cate on Corporate Governance ......................................................................................... 57 Report on Corporate Governance .................................................................................................................................. 58 Standalone Financial Statement Independent Auditor’s Report to the Shareholders .......................................................................................................... 72 Balance Sheet .................................................................................................................................................................. 80 Statement of Profi t & Loss ................................................................................................................................................ 81 Statement of Changes in Equity ....................................................................................................................................... 82 Statement of Cash Flow ................................................................................................................................................... 83 Notes to the Standalone Financial Statement .................................................................................................................. 85 Consolidated Financial Statement Independent Auditor’s Report on Consolidated Financial Statement ............................................................................... 131 Consolidated Balance Sheet ............................................................................................................................................ 138 Consolidated Statement of Profi t & Loss ......................................................................................................................... 139 Consolidated Statement of Changes in Equity ................................................................................................................. 140 Consolidated Statement of Cash Flow ............................................................................................................. 141 Notes to the Consolidated Financial Statement ............................................................................................................... 143 Statement containing salient features of the Financial Statement of Subsidiaries ...........................................................196 2 FINANCIAL HIGHLIGHTS ` crores Particulars 2018-19* 2017-18* 2016-17* 2015-16* 2014-15 2013-14 2012-13 2011-12 2010-11 2009-10 Operating results Revenue from operations # 4,002 3,420 2,947 2,601 2,386 2,022 2,069 2,147 1,811 1,334 Total revenue # 4,034 3,449 2,960 2,635 2,409 2,071 2,096 2,165 1,815 1,339 EBITDA 769 650 553 419 357 305 283 313 235 172 Interest 39 32 36 61 82 59 81 92 36 17 EBDT 730 618 517 358 275 246 202 221 199 155 Depreciation 110 98 90 92 88 76 72 64 55 47 EBIT 659 552 463 327 269 229 211 249 180 125 Profi t before tax 620 520 425 221 177 160 131 157 144 108 Tax 183 152 109 7 42 39 36 45 39 33 Profi t after tax 437 368 316 214 135 121 95 112 105 75 Financial status Net fi xed assets 1,425 1,066 967 865 810 803 729 713 640 580 Investments 361 359 320 309 117 123 132 142 142 142 Net current assets 1,066 846 720 490 769 592 719 696 609 407 Share capital 21 21 21 21 21 21 21 21 21 21 Reserves and surplus 1,886 1,568 1,292 1,017 838 755 673 612 534 459 Net worth 1,907 1,589 1,313 1,038 859 776 694 633 555 480 Loan funds 801 562 626 572 751 651 795 829 750 568 Deferred tax liability 144 120 68 54 86 91 91 89 86 81 Total capital employed 2,852 2,271 2,007 1,664 1,696 1,518 1,580 1,551 1,391 1,129 Performance parameters - % EBITDA to revenue from 19.2 19.1 18.8 16.1 15.0 15.1 13.7 14.6 12.9 12.9 operations EBIT to revenue from operations 16.5 16.3 15.7 12.6 11.3 11.3 10.2 11.6 9.9 9.4 PBT to revenue from operations 15.5 15.3 14.4 8.5 7.4 7.9 6.3 7.3 8.0 8.1 EBITDA / average capital 30.0 30.4 30.1 24.9 22.2 19.7 18.1 21.3 18.6 15.0 employed [ROCE] EBIT / average capital employed 25.7 25.8 25.2 19.5 16.7 14.8 13.5 17.0 14.3 10.9 PAT / average net worth 25.0 25.4 26.9 22.6 16.6 16.4 14.3 18.9 20.4 16.6 EPS - ` 20.80 17.49 15.01 10.18 6.44 5.75 4.52 5.36 5.02 3.57 Dividend per share - ` ** 4.70 ** 4.70 ** 1.70 ** 3.05 1.75 1.70 1.40 1.40 1.25 0.90 Dividend payout ratio ** 22.59 ** 26.87 ** 11.32 ** 29.95 27.17 29.55 30.95 26.13 24.91 25.21 Book value per share - ` 90.77 75.67 62.50 49.40 40.88 36.91 33.04 30.15 26.41 22.85 Market value per share - ` 566.45 551.30 386.00 170.80 174.50 62.80 40.50 55.35 51.05 51.60 * Financials for these years are as per Ind AS ** Dividend paid during the fi nancial year has been considered to comply with Ind AS # Revenue from operations and Total revenue are net of excise duty 3 Notice of the 56th Annual General Meeting to the Members

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    203 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us