Schrader Duncan Limited (SSD) - CMP 363
hi Parthiv…
Did you mean Rs. 2500???
Yes i think so…the target for the company is Rs 250 in 12 months…i t= hought it was outrageous in the beginning…but i think its possible…would= send whatever updates i can get..
There is some acqui= sition lined up, or transfer of some parents subsidiary to this company, The= topline would become thrice the current size. The news is expected to be ou= t somewhere in November…please note… this is not my analysis, just information from source= s, please confirm=20
On 9/13/07, p= arthiv shah <silversurfe= r2401@gmail.com > wrote:=20
Stock flared up to 385 in just some time…got a call to buy from sify = biz for intra day….is there any news coming????Regards,Parthiv Shah
On 9/12/07, J= itesh Singh <jitesh1980@gmail.= com=20 > wrote:=20
Dear AllPl= ease find the excerpts of a report that read about the above mentioned compa= ny=20
Schrader Duncan Limited (SSD) is an Indo American Joint Vent= ure with the Gates Group of Companies, U.S.A., a 4 bn dollar global ma= jor engaged in the manufacture and distribution of automotive components, po= wer transmission belts, hoses, wiper systems, lubricating systems, etc. Gate= s Group of Companies are head quartered in Denver, Colorado,=20 U.S.A. with operations in the U.S., Brazil, Mexico, U.K., France, India, Aus= tralia 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 n= ow Pune
Rising costs world over and India's competence in this n= iche market and growing world market share in automobiles Schrader has no ch= oice that to spread its wings in India.=20
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 of= fice in Andheri to keep close watch on development in this segment. It is he= ard 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= .=20
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 an= d paying Rs 17 as extra dividend, Schrader put anther plant at Ranjangaon Pu= ne to shift its automotive division of Mulund…..=20
it is expected that this should happen in next 2 months and the commerci= al production should start by Nov 2007 at Ranjangaon.The remai= ned land of 4.5 acre which a premier land in MUMBAI adjoining NIRMAL LIFE ST= YLE where present automotive division is working will become vacant.=20
GATES is now geared to outsource form India in a big and therefore i= t was necessary for Schrader to impart better technology and expanded produc= t base for India because with just small product profile the vertical growth= was just not possible.=20
Gates is India's most advanced and complete hose manufacturer. A= s the Indian subsidiary of The Gates Corporation, USA, it has established it= self 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 facil= ities, manufacturing hydraulic & industrial hoses and is backed by suffi= cient captive power generation.=20
Indian client=E8le
Construction & Heavy Equipment Manufac= turers viz. Caterpillar India, Escorts Construction, Greaves, Gujarat Apollo= , Ingersoll Rand, JCB-India, L&TOther OEMs such as Ashok Leyland= , Cummins India, Eicher, Ferromatik- Milacron, Godrej, Inductotherm-India, K= irloskar Oil Engines, L&T Pumps, Midco, Tata Motors,=20
Mining Sector such as Eimco Elecon, Simplex, various subsidiaries of= Coal India Ltd. and Singareni Collieries Company Ltd.
Oil Sector suc= h as ONGC, IOCL, BPCL, HPCL, IBP, Reliance,…
Steel Manufacturers vi= z. SAIL Bhilai, SAIL Bokaro, TISCO, Vizag Steel Plant, Ispat,Jindal…=20
Cement Plants like ACC, Birla Cements, Century Cement, Gujarat Ambuj= a, India Cements and more.
Global Clients
Case New Holland, Caterp= illar, Chrysler, Ditch Witch, Ford, General Motors, Hitachi, Ingersoll Rand,= JCB, John Deere, JLG, Komatsu, Nissan, Toyota, and Vermeer amongst others= =20SS Duncan may sell its Mumbai property and the estimated realiza= ble price of the piece of land 4.5 acre could fetch close to Rs 275 crs if s= old in land form and could fetch Rs 360 crs if developed (net of costs).=20
The report has given very aggressive target…
Due to= constraints I cannot post the report however would want seniors to co= mment on the same
Thank you
