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SCOTS GARMENTS INTIAL PUBLIC OFFERING:
Scotts Garments Limited is incorporated in 1992; it’s a Bangalore, Karnataka Based Company. Mr. Naseer Ahmed is the Chairman and Managing Director of the Scots. It’s Business of garment manufacturing. In addition to manufacture superior quality garments, company also provides additional facilities such as embroidery, printing, dyeing and washing. Scotts Garments export their readymade knitted and woven apparel to international clients including Denmark, Gander Mountain – USA, S Oliver, Frankfurt, C&A buying and Germany.
The Company Scotts Garments is specializing in tailor made products for men, women & kids. Products manufactured by the Company includes Shirts (Cotton & Denim) Tops, Skirts, Trouser (Cotton & Denim), Shorts, Cargos, Knitted Garments, T-Shirts (Basic and Embroidered), Sweats and Jerseys. They export their quality products to several MNC’s into more than 20 countries across the Globe. They have set up an exclusive display showroom at Apparel Export Promotion Council in Gurgaon.
Scotts has also set up a 2.1 M.W capacity windmill at Bellary in Karnataka State. Scotts Garments has also entered into Wheeling and Banking agreement with Gulbarga Electricity Supply Company Limited for the sale of the power generated through the wind mill. The company has also signed a Wheeling and Banking agreement with Tamil Nadu electricity board for the sale of power through wind mill at Tirunelveli District in Tamil Nadu.
Objects of the Issue:
1. Scenery up of unit for Trouser manufacturing and Knitting and Fabric Processing at Doddaballapur in
Karnataka State.
2. Margin Money for working capital of new unit.
3. General corporate purpose and Meet the issue expenses.
Issue details:
Company Financial Review:
SCOTT GARMENT S - FINANCIALS |
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Financials |
2008-03 |
2009-03 |
2010-03 |
2011-03 |
2012-2003 |
7 Months Ending Oct-2012 |
Revenue [Rs in Lakhs] |
33,275.95 |
37,443.56 |
43,458.98 |
50,348.88 |
56,613.29 |
33,533.11 |
Profit [Rs in lakhs] after Tax |
2,224.75 |
2,721.48 |
2,784.24 |
3,493.06 |
8,403.95 |
2,041.95 |
Profit % |
6.69% |
7.27% |
6.41% |
6.93% |
14.84% |
6.09% |
Revenue Growth % YoY |
-- |
13% |
16% |
16% |
12% |
18% |
Year Ended |
EPS [Rs.] |
WEIGHT |
March 31, 2010 |
10.41 |
1 |
March 31,2011 |
13.06 |
2 |
March 31,2012 |
31.43 |
3 |
Weighted Average EPS |
21.80 |
-- |
Conclusion/Asset Strategy: