Indian Stock Market

Dear All
Please find the excerpts of a report that read about the above mentioned company

Schrader Duncan Limited (SSD) is an Indo American Joint Venture with the Gates Group of Companies, U.S.A., a 4 bn dollar global major engaged in the manufacture and distribution of automotive components, power transmission belts, hoses, wiper systems, lubricating systems, etc. Gates Group of Companies are head quartered in Denver, Colorado, U.S.A. with operations in the U.S., Brazil, Mexico, U.K., France, India, Australia and China. Schrader Duncan Eq 3.6 crs US promoter holds 50% whereas J P Goenka holds 25% and current market cap - close to 130 crs
Top line of Rs 70 odd crs through 4 factories at Mumbai, Nashik, Mhape and now Pune
Rising costs world over and India’s competence in this niche market and growing world market share in automobiles Schrader has no choice that to spread its wings in India.
Presto another US co and major player in automobiles and industrial products is keen to enter India in a big way and it has already opened an office in Andheri to keep close watch on development in this segment. It is heard from reliable sources that Presto has already made an attempt to become partner in S S Duncan which is just not possible without Schrader moving out.
Schrader started taking interest in late 2006 when it took decision to sell off 2 acre land at Mumbai for Rs 28 crs. After paying tax and VRS and paying Rs 17 as extra dividend, Schrader put anther plant at Ranjangaon Pune to shift its automotive division of Mulund….. it is expected that this should happen in next 2 months and the commercial production should start by Nov 2007 at Ranjangaon.
The remained land of 4.5 acre which a premier land in MUMBAI adjoining NIRMAL LIFE STYLE where present automotive division is working will become vacant.
GATES is now geared to outsource form India in a big and therefore it was necessary for Schrader to impart better technology and expanded product base for India because with just small product profile the vertical growth was just not possible.
Gates is India’s most advanced and complete hose manufacturer. As the Indian subsidiary of The Gates Corporation, USA, it has established itself firmly in the Indian hose market. Equipped with the latest technology, the manufacturing facility of Gates India is spread over an area of 35 acres at Lalru, near Chandigarh. Gates India is the one of the newest Gates facilities, manufacturing hydraulic & industrial hoses and is backed by sufficient captive power generation.
Indian client=E8le Construction & Heavy Equipment Manufacturers viz. Caterpillar India, Escorts Construction, Greaves, Gujarat Apollo, Ingersoll Rand, JCB-India, L&T
Other OEMs such as Ashok Leyland, Cummins India, Eicher, Ferromatik- Milacron, Godrej, Inductotherm-India, Kirloskar Oil Engines, L&T Pumps, Midco, Tata Motors,
Mining Sector such as Eimco Elecon, Simplex, various subsidiaries of Coal India Ltd. and Singareni Collieries Company Ltd.
Oil Sector such as ONGC, IOCL, BPCL, HPCL, IBP, Reliance,…
Steel Manufacturers viz. SAIL Bhilai, SAIL Bokaro, TISCO, Vizag Steel Plant, Ispat,Jindal…
Cement Plants like ACC, Birla Cements, Century Cement, Gujarat Ambuja, India Cements and more.
Global Clients Case New Holland, Caterpillar, Chrysler, Ditch Witch, Ford, General Motors, Hitachi, Ingersoll Rand, JCB, John Deere, JLG, Komatsu, Nissan, Toyota, and Vermeer amongst others
SS Duncan may sell its Mumbai property and the estimated realizable price of the piece of land 4.5 acre could fetch close to Rs 275 crs if sold in land form and could fetch Rs 360 crs if developed (net of costs).
The report has given very aggressive target…

Due to constraints I cannot post the report however would want seniors to comment on the same
Thank you