Hitachi Appliances - Success Stock

Company Profile

A member of the Lalbhai group, Amtrex Hitachi Appliances Ltd (AHAL) formerly known as Amtrex Appliances (AAL) was incorporated in Dec.'84, as Acquest Air-conditioning Systems (P) Ltd Company. It was converted into a deemed public limited company in Jun.'89. On 22, Jan.' 99 it issued 5165490 equity shares to Hitachi., Japan and Hitachi India Pvt Ltd., on prefrential basis making Hitachi group co-promoter of the company along with Lalbhai group. Subsequently it has been renamed Amtrex Hitachi Appliances Ltd. It has a technical collaboration with Hitachi, Japan. Amtrex is a leading manufacturer of air-conditioners. It has two plants, one at Kadi, Gujarat (a backward area), manufacturing air-conditioning and refrigeration appliances and other durables, the other at Silvassa manufacturing air-conditioners. It currently manufactures room air-conditioners consisting of window, split and multi-split air-conditioners under a technical collaboration with Hitachi, Japan, and markets them under the Amtrex brand. AHAL has entered into a joint venture with Cornelius, US, which will hold 51% of the equity in the venture. In May 2000, the company introduced "Kalmin" a new 1.5 ton window AC with a unique feature of sleep mode which saves on power to a extent of 34%. The company has adopted the technology route and is constantly developing and introducing new models alongwith upgrading existing models in all categories of Air-conditioning products

During 2000-01, the company has introduced new "LOGICOOL" range of Window and Split Air-conditioners. During the year 2003, the company changed its name to "Hitachi Home & Life Solutions (India) Ltd."

Equity Capital Structure                                                                                                                                               (Rs.in Cr)   Year Authorised Issued Subscribed Called Up Less : Calls  in Arrears Forfeited Paid Up 2013 30.00 22.96 22.96 22.96 0.00 0.00 22.96 2012 30.00 22.96 22.96 22.96 0.00 0.00 22.96 2011 30.00 22.96 22.96 22.96 0.00 0.00 22.96 2010 30.00 22.96 22.96 22.96 0.00 0.00 22.96 2009 30.00 22.96 22.96 22.96 0.00 0.00 22.96 2008 30.00 22.96 22.96 22.96 0.00 0.00 22.96 2007 30.00 22.96 22.96 22.96 0.00 0.00 22.96 2006 30.00 22.96 22.96 22.96 0.00 0.00 22.96 2005 30.00 22.96 22.96 22.96 0.00 0.00 22.96 2004 30.00 22.96 22.96 22.96 0.00 0.00 22.96 2002 19.98 14.67 14.67 14.67 0.00 0.00 14.67 2001 19.98 14.67 14.67 14.67 0.00 0.00 14.67 2000 14.98 14.67 14.67 14.67 0.00 0.00 14.67 1999 14.98 14.67 14.67 14.67 0.00 0.00 14.67 1998 14.98 9.50 9.50 9.50 0.00 0.00 9.50 1997 14.98 9.50 9.50 9.50 0.00 0.00 9.50 1996 14.98 9.50 9.50 9.50 0.00 0.00 9.50 1995 14.98 6.69 6.69 6.69 0.62 0.00 6.07 1994 14.98 4.82 4.82 4.82 0.00 0.00 4.82 1993 14.98 4.82 4.82 4.82 0.00 0.00 4.82 1992 14.98 3.74 3.74 3.74 0.01 0.00 3.73 1991 5.98 0.10 0.10 0.10 0.00 0.00 0.10