GROUP MEMBERS

LALIT MOHAN JOSHI

RUCHIKA MEHTA
BHANU CHAUHAN
NIKHIL VERMA
SHEKHAR SUMAN
TARUN NAGPAL
HIRDYANSHU GOYAL
ANKUR GUPTA
RAVINESH RANJAN
 INGERSOLLS RAND INDIA LTD
Ingersoll Rand India Private Limited was founded in Kolkata in 1921, one
of the first American investments in India. In 1958 the company opened
a branch office in Ahmedabad and in 1963 the head office was shifted to
Mumbai. Ingersoll Rand established its first manufacturing plant in
Naroda, Ahmedabad in 1965 and in 1977 became a public limited
company.
Ingersoll-Rand (India) Limited (the ‘Company’) is a public limited
company incorporated in 1921 under provisions of the Companies Act,
1913 and existing under the provisions of the Companies Act, 1956/
2013.
The Company’s registered office is at Bengaluru and its principal place
of business and manufacturing plant is located at Naroda, Ahmedabad.
• Ingersoll Rand is a pioneer in bringing centrifugal
technology into India and started manufacturing
CENTACS (Centrifugal Compressors) way back in
1989 when centrifugal technology was hardly
known and accepted.
•  In recent times, with the focus shifting to energy
efficient compressor technology, Ingersoll Rand
launched the award-winning ‘Nirvana’ energy
saving rotary compressors.
• Ingersoll-Rand (India) Limited is based out of 22
locations in the country and is listed on the
National Stock Exchange of India and the
Bombay Stock Exchange.
 BOARD OF DIRECTORS

• Mr. Amar Kaul Chairman and Managing Director

• Mr. Kumar St Clair Paul
• Mr. Anil Gopinathan
• Ms. Jayantika Dave
• Mr. Darius C. Shroff
• Mr. Sekhar Natarajan
• Ms. Vijaya Sampath
 PRODUCTS AND SERVICES
• Ingersoll-Rand (India) Limited is primarily engaged in
the business of manufacturing and sale of industrial air
compressors of various capacities and related services,
and its complete machines and spare parts.
• The Company operates through Air solutions segment.
The Air Solutions segment includes reciprocating
compressors, centrifugal compressors and system
components.
• The Company sells its products primarily to industries
in the automotive, metals, pharmaceutical and textile
sectors. The Company's brands include Club Car,
Ingersoll Rand, Thermo King, ARO and Trane.
 IMPORT EXPORT
• The Company sells air compressors primarily
in India and also exports the products to North
American, South American, Asian and
European countries. The Company serves its
customers in global commercial, industrial and
residential markets. The Company has its
manufacturing plant located in Naroda,
Gujarat.
Year Ended March 31, 2019 2018
No. of employees 721 694
 Statement Of Cash Flows
1. The CFS measures how well a company manages its cash
position, i.e, how well the company generates cash to pay
its debt obligations and fund its operating expenses. 
2. Reduction in cash from financing activities is due to
dividend payout.
All amounts in Rupees Lakhs
Year Ended March 31, 2019 2018
Net cash inflow from operating activities 3,662.72 7,713.21
Net cash inflow from investing activities 9,994.96 9,348.82
Net cash outflow from financing activities (79,148.18) (2,308.63)
Total 11,509.70 77,000.20
 Statement of Changes in Equity
1. The statement of changes in equity shows the change in
an owner's or shareholder's equity throughout an
accounting period.
2. Reduction in retained earnings is due to the dividend
payout.

All amounts in Rupees Lakhs

Year Ended March 31, 2019 2018
Equity Share Capital 3,156.80 3,156.80
Total Other Equity 38,698.97 1,09,691.46
Retained Earnings 8,111.25 79,182.57
 Statement of Profit and Loss

1. Revenues of Rs. 73,907 lakhs which is a phenomenal

18.2% higher.
2. Profit after tax stood at Rs. 8,087 lakhs which is 9%
lower consequent to reduction in deposits with banks
after the special dividend pay-out.

All amounts in Rupees Lakhs

Year Ended March 31, 2019 2018
Total income 77,299.88 69,667.06
Total expenses 64,555.09 56,502.53
Profit for the Year 8,093.12 8,888.82
 Balance Sheet
1. A company's balance sheet, also known as a
"statement of financial position," reveals the firm's
assets, liabilities and owners' equity (net worth).
2. Assets have decreased due to reduction in Cash & Cash
Equivalent (Deposits with original maturity of less than
three months).
All amounts in Rupees Lakhs
Year Ended March 31, 2019 2018
Total assets 59,944.67 1,28,880.54
Total equity 41,855.77 1,12,848.26
Total liabilities 18,088.90 16,032.28
 ALL AMOUNT GIVEN IN LAKHS.
AS AT
COMPANY’S LIABILITIES MARCH 31, MARCH 31,
2019 2018

TOTAL OUTSTANDING LIABILITIES ACCORDING TO BALANCE SHEET GIVEN IS Rs 18,088.90 LAKHS

COMPANY’S ASSET ALL AMOUNT GIVEN IN LAKHS.
AS AT
MARCH 31, MARCH 31
2019 2018
• BANKERS
BANK OF AMERICA. BANK OF INDIA
CITIBANK N. A. CENTRAL BANK OF INDIA
STANDARD CHARTERED BANK

• AUDIT0RS
B S R & Co. LLP
Chartered Accountants
Firm’s registration number: 101248W/W-100022

Sanjay Sharma
Partner
Membership number: 063980

.
 AUDITOR’S COMMENTS
• In our opinion, the Company has, in all material respects, adequate
internal financial controls with reference to Ind AS Financial Statements
and such internal financial controls were operating effectively as at 31
March 2019.

• The Company’s management and the Board of Directors are responsible

for establishing and maintaining internal financial controls based on the
internal financial controls with reference to Ind AS Financial Statements
criteria established by the Company considering the essential
components of internal control stated in the Guidance Note. These
responsibilities include the design, implementation and maintenance of
adequate internal financial controls that were operating effectively for
ensuring the orderly and efficient conduct of its business, including
adherence to Company’s policies, the safeguarding of its assets, the
prevention and detection of frauds and errors, the accuracy and
completeness of the accounting records, and the timely preparation of
reliable financial information, as required under the Act
• According to the information and explanation given by auditor’s report, the
Company did not have any outstanding loans or borrowings from any financial
institutions, banks, government or dues to debenture holders during the year

• According to the information and explanations given by auditor’s report, the

Company did not raise any money by way of initial public offer or further public offer
(including debt instruments) and term loans during the year.

• According to the information and explanations given by auditor’s report, no material

fraud by the Company or on the Company by its officers or employees has been
noticed or reported during the year

• The Company has direct and indirect tax litigations on various matters the amount of
tax liabilities is uncertain, the Company recognises accruals/contingent liability that
reflect Management’s best estimate of the outcome based on the facts.
MAJOR REVENUE AND EXPENSES
MAJOR REVENUE DETAILS
MAJOR EXPENSES DETAILS
• Face Value- It is the par value as fixed by the company at the time of its
issuance.
FACE VALUE= 10RS

• EPS- It is calculated by dividing the company’s net income with its total
number of outstanding shares.
EPS=25.64 RS

• Market Price on 31/03/2019=622.70 RS

• Net Profit Margin= 10.95%

 Liquidity Ratio
• Current Ratio
=Current Assets/Current
Liability
=44809/17959
=2.49
• Desirable current ratio
should be at least equal to
2.0, so this parameter is
satisfactory for
sanctioning the loan.
• Acid Test Ratio
=(Current Assets-
Inventory)/Current Liability
=(44809-9070)/17959
=1.99
• Acid Test ratio should be
at least equal to 1, so this
parameter is also
satisfactory for
sanctioning the loan.
 Debtors’ Turnover Ratio
 Debtors’ Turnover Ratio= Turnover/Activity
Ratio
=64429/16764
=3.84
 Debtors’ Collection Period= 12(Months)/
Debtors’ Turnover Ratio
=12/3.84
=3.125 Months
• Debtors’ Collection Period is Satisfactory as
Debtor is clearing his dues in 3.125 months.
 Debt Equity Ratio
Debt Equity Ratio= Long-Term Debt/
Equity
• As, we have not found any Long-Term
Debt of the company. So, Debt Equity
Ratio would be Zero.
• This, Indicates that Company itself has
sufficient funds for its operation.
 Credit Rating

• A positive outlook indicates that the rating may be upgraded;

a stable outlook indicates that the rating is likely to remain
unchanged.
 WORKING CAPITAL
AS PER MPBF METHOD
• Total current assets = 44809 lakh
• Total current Liabilities = 17959 Lakh
• WCG = TCA-TCL = 26850 lakh
• By MPBF I = 20137.5 lakh
• By MPBF II = 15647.75 lakh
 RECOMMENDATION
• As per the viability study and analysis of
financial statements and auditor reports we
have decided that Ingersoll Rand Limited is in
a satisfactory position to avail the credit
facility.