Magazine Company Track Record Company Track Record

Highlights

• Goetze India Ltd (GIL) is a leading player in the piston ring segment. It manufactures a wide range of piston rings for Bi-wheelers, Tractors, Passenger Cars & Jeeps, Commercial Vehicles (HCV’s, MCV’s & LCV’s), Locomotive Engines, Stationary Engines.
• Goetze (India) has been certified and awarded ISO 9001 & QS-9000 for both Patiala and Bangalore Plants. With technical input from its German partner, GIL has started making high-value rings, which fetch higher margins. GIL also supplies rings to stationary diesel engines and air/gas compressor manufacturers.

Salient Features:

• Goetze India Ltd also manufactures cylinders and cylinder liners. GIL has diversified into the solvent oil extraction business and trading in leather garments.
• It commands over half of the market for piston rings and cylinder liners and has a strong presence in the replacement segment, which constitutes two-thirds of the total market for piston rings.
• Goetze (India) Ltd. is making a wide variety of Light Metal Castings. These include Cylinder Blocks for Escorts Yamaha and Rajdoot motorcycles, Aluminium tube castings and Aluminium crown handles for Yamaha, Rajdoot and Bajaj Kawasaki.
• Goetze India Ltd. is modernising its production
  processes to keep abreast of new technologies and is considering a JV with a Japanese company to manufacture high-technology rings.

			Total Income Net Profit
Financials (Rs. in crore)e
Financial Highlights Period ended	31-Mar-2002	31-Mar-2001	(Rs. crore) Growth
No. of months	(12)	(12)	(% yoy)
Sales	190.67	179.16	6.42
Expenditure	163.30	153.62	6.30
Operating profit	27.37	25.54	7.17
Other income	7.87	7.38	6.64
PBDIT	35.24	32.92	7.05
Depreciation	14.42	12.82	12.48
PBIT	20.82	20.10	3.58
Interest	10.79	10.09	6.94
PBT	10.03	10.01	0.20
Tax	1.91	0.00
PAT	8.12	10.01	-18.88

Highlights·

• The Escorts Group, with Escorts Limited as its flagship company is among India's largest corporations operating in the diverse fields of agriculture-machinery,telecommunications, information technology, healthcare, two-wheelers, construction and material handling equipment, automotive and railway ancillaries and financial services.
• The Group has 19 modern manufacturing facilities and an extensive marketing network spread across the country. The major global alliances of the group include: JCB - UK, Yamaha - Japan, Claas, Mahle and Goetze - Germany, Carraro - Italy, Long CA, Vistaar & i2 - USA, First Pacific - Hong Kong, IFS - Sweden and POL-MOT - Poland.
• As part of its ongoing plans to modernize its manufacturing and R & D facilities, Agri Machinery Group (AMG), recently inaugurated its state-of-the-art engine and vehicle laboratories and their respective test cells at it R & D Centre at Faridabad.

Salient Features:

• Escorts has undergonean extensive restructing process,involving building alliances with global players and improving market capitalisation, which resulted in each business becoming an independent entity.
• Escorts has also promoted a number of subsidiaries and affiliate companies in the businesses of auto components, railway equipments, industrial/ construction machinery, telecommunication equipment/ services and financial services.

			Total Income Net Profit
Financials (Rs. in crore)e
Financial Highlights Period ended	31-Mar-2002	31-Mar-2001	(Rs. crore) Growth
No. of months	(12)	(12)	(% yoy)
Sales	1107.93	1293.16	-14.32
Expenditure	1064.65	1187.48	-10.34
Operating profit	43.28	105.68	-59.05
Other income	69.37	115.67	-40.03
PBDIT	112.65	221.35	-49.11
Depreciation	41.41	38.78	6.78
PBIT	71.24	182.57	-60.98
Interest	66.23	61.18	8.25
Profit before Tax/loss	5.01	121.39	-95.87
Tax	-3.12	14.00
PAT	8.13	107.39	-92.43