Sundaram Brake Linings Ltd
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BSE Code:
590072
NSE Code:
SUNDRMBRAK
Business Profile
Business Profile
Sundaram Brake Linings (SUNDRMBRAK), a TVS group company, manufactures automotive, non-automotive and industrial friction materials. It was established in 1976.
The ISO/TS 16949 and ISO 14001 certified company manufactures asbestos-free brake linings, pads, woven clutch facings, disc pads, flexible rolls and insitu bonded shoes. These products are extensively used in commercial vehicles, passenger cars, tractors and motor cycles. It has four manufacturing units with a combined production capacity exceeding 1.2 million brake blocks per month. The products have been tested to meet European ECE-R90, American FMVSS 121, Australian ADR 35/38, South African SABS 1506, and the Indian IS 11852 requirements.
The company has the singular distinction of being the first friction material manufacturer in the world to win the coveted Deming Application Prize for practicing Total Quality Management (TQM). Its R&D is recognized by the Department of Scientific and Industrial Research (DSIR) and has developed composite railway brake blocks in-house. With a strong presence as a supplier to the Indian original equipment manufacturers, the company serves the Indian aftermarket through more than 140 TVS-owned wholesaler outlets spread across major towns. Its warehousing facility in North America services the US and Canadian markets instantly. The company exports its brake blocks to more than 60 countries worldwide.
The registered office of the company is located at 180, Anna Salai, Chennai-600006, Tamil Nadu.
Financials
The company announced a phenomenon drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 91.93% to Rs 1.79 million from Rs 22.17 million in the same quarter last year. Net sales declined 20.92% to Rs 383 million, while total income for the quarter fell 20.96% to Rs 382.84 million, when compared with the prior year period. The company posted earnings of Rs 0.66 a share during the quarter, registering 91.92% decline over previous year period.
Recent Developments
16-MAR-09
ICRA has assigned LA rating, indicating adequate-credit-quality, to the Rs 376.3 million term loans of the company. In addition, ICRA also assigned A2+ rating, indicating above-average-credit-quality in the short-term, to the Rs 250 million fund based sub-limits and the Rs 30 million non-fund based limits.