WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...

WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ... WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...

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WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM Shareholding pattern: No. of shares % of shareholding Promoters’ holding: Indian Promoters 10,40,85,280 49.53 Others - public 10,60,43,090 50.47 Total 21,01,28,370 100.00 Board of directors: The board of directors consists of M/s. Suresh Krishna (Chairman & Managing Director), Arathi Krishna (Executive Director), K Ramesh, Venu Srinivasan, V Narayanan, R Srinivasan, R Ramakrishnan, C V Karthik Narayanan and M Raghupathy IAS (Retd.). Financial performance 31.3.2006 31.3.2007 Rs.in Lakhs 31.3.2008 Equity Capital 1050.64 *2101.28 2101.28 Reserves (Excluding revaluation reserves, if any) 31336.63 35375.20 40109.84 Sales and other income 106334.73 120112.80 120775.91 Profit before tax 9615.36 11193.56 10247.27 Provision for tax 3421.82 4007.86 3509.34 Profit after tax 6193.54 7185.70 6737.93 EPS (in Rs.) – after extraordinary item 2.96 3.42 3.31 Net Asset Value per share (in Rs.) * Bonus issue @ 1:1 ratio. 30.83 17.84 20.08 Details of listing and the highest and lowest market price during the preceding six months: The shares of Sundram Fasteners Limited are listed on NSE and BSE. The details of the monthly high and low of the market price of the shares in NSE and BSE for the last six months are as follows: Month NSE BSE High (Rs.) Low (Rs.) High (Rs.) Low (Rs.) March 2008 43.00 30.00 40.00 29.60 April 2008 36.50 28.10 36.75 30.15 May 2008 39.90 30.75 41.90 30.55 June 2008 33.55 24.00 33.55 23.80 July 2008 25.35 21.00 25.75 21.35 August 2008 30.00 23.50 30.00 23.40 2. SUNDARAM-CLAYTON LIMITED (SCL): Date of Incorporation: 24.05.1962 Principal business: Manufacture of components for automotive applications Shareholding pattern: Number of shares % of shareholding Indian Promoters 77,44,064 40.83 Foreign Promoters 74,30,000 39.17 Public 37,93,520 20.00 Total 1,89,67,584 100.00 Page 56 of 95

WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM Board of directors: The board of directors consists of M/s.Suresh Krishna, Venu Srinivasan (Managing Director), Gopal Srinivasan, K Mahesh, T K Balaji, D E Udwadia, D D Udeshi, Dr Christian Wiehen, Nikhil Madhukar Varty, Leon Liu, Pascale F. Rahman, Vice Admiral P J Jacob (Retd.) and K S Shah (Alternate to Mr Leon Liu) Financial performance: (Rs.in lakhs) 31.3.2006 31.3.2007 31.3.2008 (*) Equity Capital 1896.76 1896.76 948.38 Reserves (Excluding revaluation reserves, if any) 27045.67 32525.91 22963.64 Sales and other income 67460.38 86481.45 46141.70 Profit before tax 10631.48 12808.26 3535.36 Provision for tax 3184.73 3692.39 1143.34 Profit after tax 7446.75 9115.87 2392.02 EPS (in Rs.) 39.26 48.06 12.61 Net Asset Value per share (in Rs.) 152.59 181.48 126.07 (*)The figures for the financial year ended 31 st March 2008 are not comparable with that of the previous year ended 31 st March 2007, as the figures for the financial year ended 31 st March 2008 are exclusive of figures of the demerged undertaking, namely brakes business which stood transferred to WABCO-TVS (INDIA) Limited with effect from 28 th March 2008 in terms of the Scheme. Details of listing and the highest and lowest market price during the preceding six months: The shares of SCL are listed on MSE, BSE and NSE. The details of the monthly high and low of the market price of the shares in NSE and BSE for the last six months are as follows: Month NSE BSE High (Rs.) Low (Rs.) High (Rs.) Low (Rs.) March 2008 719.00 452.65 720.45 506.05 April 2008 May 2008 (*) 784.00 501.05 684.85 533.15 June 2008 (@) 498.80 172.00 397.80 183.10 July 2008 200.00 142.85 200.00 152.65 August 2008 205.00 172.05 227.70 176.25 Note : Since trading on the MSE is practically nil, the high and low of the market price of the shares listed on the MSE is not available. (*) equity shares with a face value of Rs.10/- each were suspended for trading from the third week of April 2008 consequent to the extinguishments and cancellation of these shares in terms of the Scheme. (@) The quotes relates to the equity shares with a face value of Rs.5/- each allotted in terms of the Scheme. 3. WHEELS INDIA LIMITED: Date of Incorporation: 13.6.1960 Principal business: Manufacturer of wheels and air suspension system. Page 57 of 95

<strong>WABCO</strong>-<strong>TVS</strong> (<strong>INDIA</strong>) <strong>LIMITED</strong> <strong>INFORMATION</strong> <strong>MEMORANDUM</strong><br />

Shareholding pattern:<br />

No. of shares % of shareholding<br />

Promoters’ holding:<br />

Indian Promoters 10,40,85,280 49.53<br />

Others - public 10,60,43,090 50.47<br />

Total 21,01,28,370 100.00<br />

Board of directors: The board of directors consists of M/s. Suresh Krishna (Chairman<br />

& Managing Director), Arathi Krishna (Executive Director), K Ramesh,<br />

Venu Srinivasan, V Narayanan, R Srinivasan, R Ramakrishnan, C V<br />

Karthik Narayanan and M Raghupathy IAS (Retd.).<br />

Financial performance<br />

31.3.2006 31.3.2007<br />

Rs.in Lakhs<br />

31.3.2008<br />

Equity Capital 1050.64 *2101.28 2101.28<br />

Reserves (Excluding revaluation<br />

reserves, if any)<br />

31336.63 35375.20 40109.84<br />

Sales and other income 106334.73 120112.80 120775.91<br />

Profit before tax 9615.36 11193.56 10247.27<br />

Provision for tax 3421.82 4007.86 3509.34<br />

Profit after tax 6193.54 7185.70 6737.93<br />

EPS (in Rs.) – after extraordinary item 2.96 3.42 3.31<br />

Net Asset Value per share (in Rs.)<br />

* Bonus issue @ 1:1 ratio.<br />

30.83 17.84 20.08<br />

Details of listing and the highest and lowest market price during the preceding<br />

six months:<br />

The shares of Sundram Fasteners Limited are listed on NSE and BSE. The details of the<br />

monthly high and low of the market price of the shares in NSE and BSE for the last six<br />

months are as follows:<br />

Month<br />

NSE BSE<br />

High (Rs.) Low (Rs.) High (Rs.) Low (Rs.)<br />

March 2008 43.00 30.00 40.00 29.60<br />

April 2008 36.50 28.10 36.75 30.15<br />

May 2008 39.90 30.75 41.90 30.55<br />

June 2008 33.55 24.00 33.55 23.80<br />

July 2008 25.35 21.00 25.75 21.35<br />

August 2008 30.00 23.50 30.00 23.40<br />

2. SUNDARAM-CLAYTON <strong>LIMITED</strong> (SCL):<br />

Date of Incorporation: 24.05.1962<br />

Principal business: Manufacture of components for automotive applications<br />

Shareholding pattern:<br />

Number of shares % of shareholding<br />

Indian Promoters 77,44,064 40.83<br />

Foreign Promoters 74,30,000 39.17<br />

Public 37,93,520 20.00<br />

Total 1,89,67,584 100.00<br />

Page 56 of 95

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