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International Combustion (India) Limited
Sector:Engineering Engineering - Heavy - General (CM)
Market Lot: 1Face Value: 10ISIN Demat: INE403C01014
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Business Profile
International Combustion India (INTLCOMBQ) is a manufacturer of industrial machinery and equipment. It was incorporated on Apr. 22, 1936 and became a public limited company in 1974.

The company operates through its heavy engineering, polymer and Bauer manufacturing divisions. It manufactures a range of specialized products including geared motors and gear boxes, bulk material handling equipment, polyurethane screen decks and liners, vibrating screens and feeders, grinding mills, air classifiers and flash drying systems. These products find application in steel, cement, petrochemical, mining, sugar, chemical and several other industries. The manufacturing facilities of the company are located in Calcutta, Nagpur and Aurangabad. It has technical collaborations and licensing agreements with companies like Danfoss Bauer, Mogensen, and Gummi Kuper from Germany; IMS Engineering from South Africa; Raymond Operations Alstom Power from USA; and Tredomen Eng. from UK.

In FY07, the company incurred a capital expenditure of Rs 58.5 million to upgrade its manufacturing and other operational infrastructure. It entered into a licensing agreement with Danfoss Bauer to manufacture and sell the B-2000 series of the latest variety of geared motors and gearboxes in India. A technology transfer agreement with Ecutec, Spain will enable the company to manufacture and sell microfine classifiers in India and the neighboring countries. The company caters to clients such as Essar Steel, Jindal Steel & Power, Tata Iron & Steel Co., SAIL, TELCO, and Ispat Alloys among others.

The registered office of the company is located at 107/1, Park Street, Kolkata-700016.

The company disclosed rise of 77.07% in standalone net profit on y-o-y basis to Rs 3.60 million, while total income declined 25.43% y-o-y basis to Rs 211.10 million for the quarter ended September 2014.

Recent Developments
International Combustion (India) announced on Monday that the company has entered into a Memorandum of Understanding (MOU) with Allgaier Werke GmbH (Allgaier), Germany.

Credit rating agency, ICRA has revised upwards the rating assigned to the Rs 122.5 million fund based and Rs 210 million non fund based bank facilities of International Combustion (India) (ICIL) to A from A-. The outlook on the long term rating is Stable.

Credit rating agency, ICRA has reaffirmed the LA- rating to the Rs 122.5 million fund based limits and the Rs 210 million non-fund based limits of International Combustion (India) (ICIL). The outlook on the long-term rating is stable.

In Brief

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