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Sunday, April 15, 2007
$$ DreamGains !! $$ ICICIdirect Weekly F&0 Newsletter - April 16, 2007
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$$ DreamGains !! $$ Pavement drawings... never seen before.
People are actually avoiding walking in the "hole"
Which is the real guy & which beer is real?
The image below has been taken from a wrong angle:
Remember, both his feet in reality are flat on the pavement
Politicians Meeting Their End
World's Biggest Fly-Spray
This drawing of a Rescue was to be viewed using an inverting mirror
girl on a beach mat.
Make Poverty History drawing from the side(40 ft long)
Spiderman to the rescue
Batman and Robin to the rescue(SO COOL)
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$$ DreamGains !! $$ Hidden Gems By Ashish Chugh - 16th Apr 2007
Uniproducts India Ltd.
CMP - Rs. 41 BSE Code -507856
Uniproducts India Ltd. (Uniproducts) initially started as a company to manufacture non woven carpets and floorings has over the years transformed itself into an Auto Ancillary, with 87% of its sales coming from the Auto sector and with biggies like Maruti Udyog, Honda SIEL Cars, General Motors, Tata Motors and Fiat as its customers.
The manufacturing facilities of the company are located on Delhi Jaipur Road, Distt. Rewari, Haryana on 6.32 acres of freehold land in the name of the Company.
The Company pioneered the manufacture of non woven carpets and floorings sold under the brand "Unitex". The company set up its manufacturing unit at Rewari in the year 1986. In the year 2003, the Company took over M/s Uni NVH Auto Pvt. Ltd (Formerly H.P. Pelzer India Pvt. Ltd), a company from the Pelzer Group of Germany, which has a presence in the automobile sector worldwide, which had a unit at Noida.
With this acquisition, the Company entered the business line of PU foam and resin felt based products for the automobile Industry. These products are used to reduce heat and dust by providing insulation between engine and body.
Presently, the Company is operating in two main segments viz. nonwoven Products and Noise Vibration & Harshness (NVH) Parts.
Floorings Business
The flooring business of Uniproducts comprises of Non woven carpets sold under the brand name "Unitex" and imported laminated wooden floorings are sold under the brand "Sheerwood".
The company has set up a nationwide network of Distributors, Dealers, C&F agents and consignee agents for distribution of its products. The Company has its own warehouse at Delhi from where it stock transfers products from its factory for onward transfer to its consignment agents or sale to its distributors/
Auto Business
The Company manufactures NHV parts including Coach body Fabrics, Moulded car carpets & Trims, Roof Linings, NVH components for Cars, Non-Woven Interlinings and PU Foam based NVH components.
The company's major customers in the Automobile segment include almost all the major players in the automobile industry including Maruti Udyog Limited, Honda Siel Cars (India) Ltd., General Motors India Private Limited, Tata Motors Limited, Multivac India Private Limited, Fiat India Private Limited, Lear Automotive India Private Limited and Hanil Lear India Private Limited.
The company has received various awards for product innovations leading to cost reduction : -
(Source : Company's offer document for Rights Issue)
In the year 2005-06, about 87% of the Company's sales is to the Automobile sector and the balance 13% sales comprising of wall to wall floor coverings and imported laminated flooring solutions is to institutions as well as for retail sales.
Rights Issue
The company has recently concluded a rights issue in the ratio of 1:1 at a price of Rs.40 per share. The proceeds of the rights issue will be utilized to install a new needling line for manufacture of Non Woven products and return of ECB.
Financials
| QUARTERLY - LATEST RESULTS - Uniproducts (India) Ltd (Curr: Rs in Cr.) | |||||||||
| Particulars | Quarter Ended | Quarter Ended | Quarter Ended | YTD / Latest Half | YTD / Latest Half | YTD / Latest Half | Year Ended | Year Ended | Year Ended |
| Sales | 24.72 | 22.1 | 11.9 | 78.76 | 64.99 | 21.2 | 89.96 | 68.65 | 31 |
| Other Income | 0.17 | 0.09 | 88.9 | 0.94 | 0.3 | 213.3 | 0.48 | 1.08 | -55.6 |
| PBIDT | 2.87 | 2.71 | 5.9 | 9.41 | 8.03 | 17.2 | 11.58 | 8.74 | 32.5 |
| Interest | 1.03 | 0.61 | 68.9 | 2.75 | 1.81 | 51.9 | 2.95 | 2.03 | 45.3 |
| PBDT | 1.84 | 2.1 | -12.4 | 6.66 | 6.22 | 7.1 | 8.63 | 6.71 | 28.6 |
| Depreciation | 1.23 | 1.05 | 17.1 | 3.51 | 3.29 | 6.7 | 3.97 | 3.69 | 7.6 |
| PBT | 0.61 | 1.05 | -41.9 | 3.15 | 2.93 | 7.5 | 4.66 | 3.02 | 54.3 |
| Tax | 0.09 | 0.12 | -25 | 0.42 | 0.33 | 27.3 | 0.49 | 0.24 | 104.2 |
| Deferred Tax | 0.11 | 0.25 | -56 | 0.67 | 0.7 | -4.3 | 1.16 | 1.03 | 12.6 |
| PAT | 0.41 | 0.68 | -39.7 | 2.06 | 1.9 | 8.4 | 3.01 | 1.75 | 72 |
(Source : Capitaline)
| Latest Data As On 12/04/2007 | |
| Latest Equity(Subscribed) | 9.05 |
| Latest Reserve | 34.14 |
| Latest Bookvalue -Unit Curr. | 47.72 |
| Latest EPS -Unit Curr. | 3.5 |
| Latest Market Price -Unit Curr. | 41.65 |
| Latest P/E Ratio | 11.91 |
| 52 Week High -Unit Curr. | 66.82 |
| 52 Week High-Date | 10/11/2006 |
| 52 Week Low -Unit Curr. | 33.2 |
| 52 Week Low-Date | 3/9/2007 |
| Market Capitalisation | 37.74 |
| Stock Exchange | BSE |
| Dividend Yield -% | 4.8 |
(Source : Capitaline)
The Equity Capital of the company has just increased to Rs.9.05 crores from Rs.4.53 crores pursuant to the Rights Issue. The company has been a regular dividend payer since FY 1995-96.
| Year End | Dividend-% |
| 200603 | 20 |
| 200503 | 16 |
| 200403 | 8 |
| 200303 | 12.5 |
| 200203 | 15 |
| 200103 | 12.5 |
| 200003 | 15 |
| 199903 | 10 |
| 199803 | 12.5 |
| 199703 | 15 |
| 199603 | 15 |
Conclusion
The company has developed competitive strengths, technology and manufacturing capabilities to become one a focused player for its customer in the acoustic and thermal insulation catering to the Auto sector.
For FY 05-06, the company reported Sales Revenues of Rs. 90 crores and a PAT of Rs.3.0 crores resulting in an EPS of Rs. 6.50. The company provided Rs.4.0 crores towards depreciation taking the Cash EPS to Rs.15. For the first 9 months of the current FY, the company has achieved 21% increase in Sales Revenues and 8% increase in PAT. The new plant will add to the Topline and profitability of the company when it goes on stream.
With a PE of around 6.50 and Price to Cash Profits of less than 3 based on FY 05-06 earnings, the stock looks undervalued when compared with the peer group in the Auto sector. We believe the main reason for the low discounting is the perception of the market players of Uniproducts being a company engaged in manufacture of carpets and floorings - however the fact that 87% of the revenues of the company are derived from the Auto business, the stock could witness a re-rating.
BigGains !!
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$$ DreamGains !! $$ 10Paisa.Com & MidCaps.In
| Newsletter date 15/04/2007 (10paisa.com) | ||||||||||||||||||||||||||||||||||||||||||||||||
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| Target rates are expected in three months frame of time, but we recommend you that whenever any scrip touches its target rate, you must dispose of all shares or in parts(If you have invested in that scrip),so that you may be able to invest those funds in other scrips recommended in further newsletters. |
| Newsletter dated 15/04/2007 (midcaps.in) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Target rates are expected in three months frame of time, but we recommend you that whenever any scrip touches its target rate, you must dispose of all shares or in parts(If you have invested in that scrip),so that you may be able to invest those funds in other scrips recommended in further newsletters. 1. FORTHCOMING I.P.O.'s :-
Rating :- *** Very Good ** Good * Normal 2. SECTORS TO WATCH :-
3. STOCK IN FUTURES :-
05/04/2007 Gabriel India Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme of Demerger i.e. Scheme of Arrangement and Restructuring between the Company and Anand Engine Components Ltd and their respective shareholders and creditors under Sections 391 and 394 of the Companies Act, 1956. Accordingly, the Hon'ble High Court has inter alia sanctioned the vesting of the Engine Bearings Division of the Company in Anand Engine components Ltd. The appointed date for the same is April 01, 2006. 09/04/2007 Adhunik Metaliks Ltd has informed BSE that the Company has acquired Orissa Manganese & Minerals Pvt Ltd as 100% subsidiary. 0MM is a Company having mining rights for reserves of 15.00 million tones for manganese ore and 35.00 million tones for iron ore. The Company plans manganese ore mining immediately and iron ore mining within a period of 3-6 months. The above mines do not have captive clause and the manganese ore and iron ore can be sold in the open market to various end users. 09/04/2007 Deep Industries had acquired a service contract from Oil and Natural Gas Corp (ONGC) for development of three onshore marginal fields in Rajasthan. 09/04/2007 Kamdhenu Ispat's board will meet on 14 April 2007 to consider the proposal to raise funds to meet capital expenditure of the company.The proposed funds will be raised by issuing eligible financial instruments like shares, warrants etc. 09/04/2007 Pasari Spinning Mills has bagged an order from Centro Seta, Italy.The order is to supply silk textile to Centro Seta, which is to be executed within one year. 10/04/2007 Cupid Ltd has informed BSE that expansion project to manufacture 80 millions pcs of condoms has been completed & commercial production has started w.e.f. March 01, 2007. The total production capacity has been increased from 160 million pcs p.a. to 240 million p.a. after expansion. 10/04/2007 On 9 April 2007, Mysore Cements' unit in Madhya Pradesh caught fire, which was soon brought under control.There has been no disruption in operation and no injury to person has been reported.The unit was adequately insured. The insurance surveyor are assessing the amount of damage. 10/04/2007 On 6 April 207, Vijay Textiles' board approved to purchase a 17.01 acres of land for Rs 5.10 crore at Rajapoor Village, Mahaboobnagar Dist.The above land will utilised for expanding the wider width fabrics project.The board also accorded to set up third show room at Kukatpally, Hyderabad.Further, the board aproved to allot 52,69,000 equity shares upon conversion of warrants to Susheel Kumar Gupta, Shashikala Gupta. 12/04/2007 Aarvee Denims & Exports Ltd has informed BSE that US$ 20 million Foreign Currency Convertible Bonds allotted by the Company in Board Meeting held on April 10, 2007 have been listed and quoted on the Singapore Stock Exchange w.e.f. April 11, 2007. 12/04/2007 Hindustan Motors today declared `suspension of work' at its Uttarpara plant following complete blockade of ingress and egress of materials, according to a company release. The law and order situation at Uttarpara continues to be disconcerting. As a result, the management was constrained to declare suspension of work, the release said. Meanwhile, Mr Amitava Bhattacharyya, President, Sangrami Shramik Karmachari Union (SSKU), one of the five registered trade unions, said that the management had put up a notice at the factory gate declaring suspension of work. This only strengthens our strike. The management was bringing outsiders who were not employees of Hindustan Motors. We prevented the entry of these outsiders into the factory premises, Mr Bhattacharyya said. Earlier, Ms Soni Shrivastav, General Manager, Corporate Communication, C.K. Birla Group, said: If the blockade of material continues, it will threaten the very existence of the (Uttarpara) unit. 6. MUTUAL FUND'S SCHEME :-
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