Nitin Fire Protection Industries LimitedNitin Fire ... Meet/132854_20130523. Ltd23052013.pdfNitin...

Nitin Fire Protection Industries LimitedNitin Fire Protection Industries Limited

May 2013

Investor Presentat ion

y

DisclaimerThis presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchaseor sale of any security of Nitin Fire Protection Industries Limited (”Company”) and no part of it shall form the basis of or be relied upon inconnection with any contract or commitment whatsoever.

Any person placing reliance on the information contained in this presentation or any other communication by the Company does so at his orAny person placing reliance on the information contained in this presentation or any other communication by the Company does so at his orher own risk and the Company shall not be liable for any loss or damage caused pursuant to any act or omission based on or in reliance uponthe information contained herein.

This presentation is not a complete description of the Company. Certain statements in the presentation and, if applicable, the subsequentquestion and answer session and discussions concerning Company’s future growth prospects, are forward looking statements which involve anumber of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements Thesenumber of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. Theserisks and uncertainties include, but are not limited to, successfully implement our strategy, our growth and expansion, technological changes,investment income, cash flow projections, our exposure to market risks as well as other risks. Any opinion, estimate or projection hereinconstitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent withany such opinion, estimate or projection. The information in this presentation is subject to change without notice, its accuracy is notguaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have anygua a teed, t ay be co p ete o co de sed a d t ay ot co ta a ate a o at o co ce g t e Co pa y e do ot a e a yobligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of thispresentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.

All information contained in this presentation is based on management estimates of fire protection industry and has been prepared solely bythe Company. No information contained herein has been independently verified by anyone else. No representation or warranty (express orimplied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness completeness orimplied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness oraccuracy of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation.

The Company accepts no liability whatsoever for any loss, howsoever, arising from any use or reliance on this presentation or its contents orotherwise arising in connection therewith. This presentation may not be used, reproduced, copied, distributed, shared, or in any othermanner disseminated.

1http://www.nitinfire.com

1

Industry Overview

USD 100,000 MILLION USD 58,000 MILLION

y

,

Estimated Annual Worldwide Loss of AssetsDue to Fire

,

Estimated current worldwide market which is expected to grow to USD 73,000 MILLION by 2015

USD 630 MILLION

Current Indian Fire Protection organized market

USD 1,870 MILLION

Estimated Indian Fire Protection organised market to reach by 2015

31%

Expected CAGR for Indian Fire Protection Market by 2015


Industry – Opportunitiesy pp

The stringent fire protection measures taken byMaharashtra Government will open up business

Sectoral Opportunities

High Rise Buildingsopportunities of Rs 25,000 mn by sale of Fire protectionsystems

Currently most of the buildings are unprotected or

High Rise Buildings

Commercial Establishments (Malls, theatres, etc)

Residential Apartments

Schools & HospitalsCurrently, most of the buildings are unprotected orunder‐protected for the basic requirements of Fireprotection

Schools & Hospitals

Industries

Current Market Size: USD 1,330 mn in FY11 Estimated Market Size: USD 3,570 mn in FY15

47%53%

47% 48%52% Unorganised market

Organised market


Budget AllocationsgAll municipal corporations with a population of more than 1 million (2001 census) must put in place afire hazard response and mitigation plan for their respective jurisdictions. Publication of these plans inthe respective State Government gazettes will demonstrate compliance with this conditionthe respective State Government gazettes will demonstrate compliance with this condition.

[Source: 10.161 (ix) of 13th Finance Commission Report, Govt. of India]

NDMA has estimated the deficiency of the services in the country as under:

Fire Stations ‐ 97.54%Fire Stations 97.54%

Fire Fighting & Rescue Vehicles ‐ 80.04%

Fire Personnel ‐ 96.28%

NDMA argued for allocation of grants worth Rs. 7,000 crore to the states to meet these shortages

FCR the need to restructure fire and emergency services across the urban and rural areas of the countryand recognise that the stipulation in Para 10.161(ix) is merely a first step

FCR recommend that a portion of the grants provided by itself to the urban local bodies be spent onrevamping of the fire services within their respective jurisdictions These bodies could provide financialrevamping of the fire services within their respective jurisdictions. These bodies could provide financialsupport to the State Fire Services Department towards this objective

[Source: 10.172 of 13th Finance Commission Report , Govt. of India]


Company Overviewp yNitin Fire Protection Industries Ltd. is one of the largest and established fire protection business inIndia having grown at a CAGR of 45% over last five years with total revenue of ~Rs 5360 million in FY12

Founded in 1995 by Mr. Nitin M. Shah with a strong domain expertise in the fire protection business,Founded in 1995 by Mr. Nitin M. Shah with a strong domain expertise in the fire protection business,who is also the President of Fire Protection Association of India (FPAI)

Vertically integrated end‐to‐end solution provider ranging from Basic level fire extinguishers to thesophisticated fire protection systems and Gas based suppression systems for mission critical areas

ISO 9001:2000 certified for Design, Engineering, Manufacturing, Supply, Installation, Commissioningand Servicing and employs over 600 personnel across the globe

Range of products approved by domestic and international agenciesOnly Indian Company to have approvals from International accrediting authorities likeUnderwriters Laboratories Inc., USA; Factory Mutual from USA; Loss Prevention CertificationBoard, U.K. And VDS, Germany for Fire protection systems and products

Fire protection equipments sold under the brand name “NITIE”Fire protection equipments sold under the brand name NITIE

Presence in the Middle East and South East Asia through wholly‐owned subsidiaries

11.11% share in a JV with GSPC, HPCL, BPCL, GAIL and other consortium partners, for oil exploration inRajasthan State


Rajasthan State

Consistent track record of paying dividends since last 5 years

Group Structurep

NITIN FIRE PROTECTION INDUSTRIES LIMITED

Listed holding company in India

100% 100% 40%100%

Fire Protection Solutions Provider on Turnkey

Nitin GlobalSingapore

Fire Protection d t

Nitin VenturesUAE

Fire protection products

Eurotech Cylinders

IndiaHPS Cylinder

Worthington Nitin Cylinders

IndiaSeamless cylinder

f i JVproductsdistribution

pdistribution

HPS Cylinder distribution

manufacturing JV with Worthington

Industries.

11.11%

New Age UAE

Turnkey fire protection

NELP VIIndia

Onshore Oil Block


solutions

Key MilestonesyFurther acquired substantial stake in New Age Co. LLc UAE.

Certificate toAct asLicensingAgency

Nitin Cylinders Ltd. (NCL) started its

Received LPCB Approval

Expanded operation in Fareast

Forbes Award –Listed on Forbes Asia f b t

Listed once again under Forbes Asia for the year 2010.

Entered into JV for

Agencyby State Govt.

Listed for the 3rd consecutive year under

Only Indian

Received major orders from ONGC for replacement

Received ISO 9001:2000Successfully bid & awarded for NELP VI block

commercial production.

Successfully listed on BSE & NSE and

Fareast.

Acquisition 40% stake in New Age Co. LLC in Dubai

for best under a billion for the year 2009.

existing CylinderManufacturing BizWith Worthington Industries Inc.

Forbes Asia for the year 2011

Only Indian Company to use Ozone friendly Fire Protection Systems

replacement of Ozone depletion systems at their offshore Platforms

at Rajasthan expansion in UAE

E t bli h d 1995 1998 2004 2007 2008 2009 2010 2011


Established 1995 1998 2004 2007 2008 2009 2010 2011

Business Segments

Nitin Group of Companies

g

Fire Protection(Revenue contribution: 94%)#

High Pressure Seamless Cylinders (Revenue contribution: 6%) #(Revenue contribution: 94%) (Revenue contribution: 6%)

Turnkey Solutions• Fire Detection systems• Fire Suppression systems • Fire Protection systems

Products

• Fire Protection systems

• Fire Extinguishers and accessories

AMC Services • Refilling• Maintenance


#for the year 2011‐12

Turnkey Solutions – Fire Detection Systemsy yFire Detection systems are primarily the warning systems which activates the system asdesigned to signal in case of

Fire

Sudden rise in temperature

Smoke

In all the above probable cases there is high chance of fire which needs to be attended to.Hence fire detection system installed will give an advance signal for any probable action to betaken

Beam detectortaken

There are two types of fire detection systems

Manual Fire alarm system – These are generally used where manually fire is detectedand with a mode of break glass unit can trigger the alarm system to alert

Automatic fire alarm systemy

- Conventional type – These are Fire alarm system where you cannot find exactpinpoint of the fire. However, it will give you possible location of fire automaticallyand sound the alarm.

- Intelligent type – These are fire alarm system where you can find out exactpinpoint location of fire and will activate the system as designed

Aspirating Smoke detectorpinpoint location of fire and will activate the system as designed

Fire detection system also consists of smoke sensors, Heat sensors, connected with cable tomaster console control panel which stores all the data and events

These systems are designed as per National Fire Protection Association 72 code Guidelines forinstallation fire protection systems.


These alarm systems are generally used at enclosed areas, free of dust and externaltemperature like office, commercial complexes, hospitals, mall, schools, theaters etc. etc.

Flame detector

Turnkey Solutions – Fire Suppression Systemsy pp yGas based Systems used for protection of High ValueEquipments and Critical areas

Commonly used on Critical Equipment and datay q p

Fire Fighting agent / FM 200 / Novec 1230 and Inert gases forsuppression system

Helps to control damage and loss of Equipment

APPLICATIONSAPPLICATIONS

Computer Suites, EDP Facilities and Telecommunications Hardware

Internet Service Providers

Server RoomsServer Rooms

Control Rooms such as railway signalling centres and trafficmanagement centres

Stores and archives

Heritage Sites such as art galleries and museums

Medical and laboratory equipment

Petrochemical plant, offshore Oil and Gas installations, pipelinepumping stations


Fire Protection SystemsyHydrant / Sprinkler System

System shall be pressurized continuously to normal pressure (7.5 Kg/Cm2)

System is consisting of Hydrant Pumps( EXCLUDED FROM OUR SCOPE),y g y p ( ),Pressurization arrangement, water mains network, hydrant valves, landingvalve, water monitors, hoses, branch pipes, nozzle, hose boxes, etc.

MVW Spray SystemSystem shall be pressurized continuously to normal working pressure up toth D l V l

Sprinklers

the Deluge Valves.

It shall consist spray pumps, pressurization arrangements, water mainsnetwork, deluge valves, isolation valves, Y‐type strainers, spraynozzles/projectors/spray nozzles piping net work, detection system,instrumentation, local control panels, cables etc

The system shall be automatic and shall be activated by a dedicateddetection system to be provided for each of the equipment/area

Foam Protection SystemThe fixed foam system shall consist of foam concentrate tanks, pumps,balancing line with automatic controlling valves foam makers discharge

Deluge valve and spray nozzle

balancing line with automatic controlling valves, foam makers, dischargeoutlets, inter connection piping, valves, fittings instrumentation, panel andcontrol system.

The operation of the fixed foam generator system shall be automatic withthe aid of dedicated fire detection system provided in the tank. As thespray system for the tank activate through the bursting of QBD on tank Foam monitor


spray system for the tank activate through the bursting of QBD on tank. Foam monitor

ProductsPortable & Trolley mounted Fire Extinguishers

Fire Detectors and Control Panels

Manual Fire Alarm Systems

Sounder & Beacons

Battery24 V DC operated detectors

HSSD System

Fire Sensing Cable

Fire Fighting Pumps

S i kl & D l V l

Portable fire extinguishers Detectors

Sprinkler & Deluge Valves

Water & FoamMonitors

Fire Entry & Proximity Suits

Fire Escape ChuteFire Escape Chute

Fire Fighting Foam Chemicals

SprinklersFoam monitor


AMC ServicesMaintenance

The after sales support and maintenanceof NITIE brand & other internationalof NITIE brand & other internationalbrands of products is provided by pool oftalented engineers from various disciplines

Refilling

Hose

gEarns revenue from refilling of firesuppression agent such as Novec 1230/FM 200 Fire Pump

Portable Spray Nozzle


High Pressure Seamless Cylinders

i h S l C li d

g y

High Pressure Seamless Cylinders

Industrial Cylinders CNG Cylinders

Contract manufacturing with China Govt. plant supplier for Industrial Cylinders under our own brandand as per our design and specifications.

Entered into Joint Venture for our Cylinder manufacturing business with Worthington Industries Inc inDec 2010

Today, we are holding minority stake of 40% in Worthington Nitin Cylinders Private Limited(WNCPL) (formerly known as Nitin Cylinders Limited)


(WNCPL) (formerly known as Nitin Cylinders Limited)

NELP VI – Oil Block

Entered into a production sharing contract for

exploration and prospecting of a on‐shore crude oil

block in Rajasthan (NELP VI) in 2006

GAIL and GSPC are the main operators for the blockNFPIL

11.11%GSPC

22 22%

HPCL22.22%

and HPCL, BPCL and Halworthy are other consortium

members

h h f l l

22.22%

GAIL22.22%

BPCL11.11%

Halworthy11.11%

NFPIL has 11.11% share in a JV for oil exploration in

Rajasthan State RJ19

Investment as on Sept 30 2012 is Rs 206 72 millionInvestment as on Sept 30, 2012 is Rs. 206.72 million


Industry AssociationsySourcing of fire protection equipments in bulk to reduce raw material cost

Strong sourcing tie‐ups for various key raw material and equipments required for fire protection systems

Tie ups with renowned suppliers are a key differentiator as regards competition

Company Country Products

Tie‐ups with renowned suppliers are a key differentiator as regards competition

Authorised and exclusive distributorship in India for various detection and suppression products helps the company

Apollo Fire Detectors Limited UK Detection systems

Kidde AirSense UK LHS systems

Dupont USA FM 200 gas

Kidde Fire Protection UK Suppression system for Marine application

Control Equipments Ltd UK Conventional control station

Kentec Electronic Ltd UK Analog Addressable Electronic Panels

Ceodeux UK High pressure Gas Suppression Discharge equipments

BTIC China High Pressure Non-welded one piece s-cylinders

3M USA Fire Suppression chemicals Novec 1230 gas


3M USA Fire Suppression chemicals – Novec 1230 gas

Diversified Client Base

Oil & Gas

Banking

IT / ITeSTelecom

Power & Metals Commercial

AutomobilePharmaceutical

Middle East


Indian Air force Indian Navy

Global Approvals

UNDERWRITERS LABORATORIES, USA

pp

LOSS PREVENTION CERTIFICATION BOARD, UK

FACTORY MUTUAL, USA

EUROPEAN CONFORMITY, UK

BSI KITEMARK, UK

VDS SCHADENVERHÜTUNG, GERMANY

BUREAU OF INDIAN STANDARDS, INDIA

NATIONAL FIRE PROTECTION ASSOCIATION, USA

BUREAU OF INDIAN STANDARDS, INDIA

NFPIL stands as the only Indian Company with more than 65 International product approvals in the Fire Protection


NFPIL stands as the only Indian Company with more than 65 International product approvals in the Fire Protection Industry

Executive ManagementgMr. Nitin M. Shah

Chairman & Managing Director

Entered fire industry at an early age of 18 years. He started gaining experience from his father Mr.Mansukhlal H Shah, Owner of Zenith Fire Services. In 1984, he started Nitin Industries as proprietorshipfirm and later converted into Nitin Fire Protection Industries Ltd in 1995. He has strong domainexpertise in Fire Protection business and currently serves as Chairman & Managing Director of Nitinexpertise in Fire Protection business and currently serves as Chairman & Managing Director of NitinGroup of Companies. Under his leadership, Nitin Fire Protection Industries Ltd (NFPIL) became a listedcompany on 05th June 2007. NFPIL stands out as a leader and has introduced several new products forthe first time in this market, most important of which was the use of ozone friendly systems in theOffshore Platforms. He is well aware of the market requirements and has a clear vision for which, hehas judiciously bagged critical domestic and international licences and approvals from the mostj y gg pprenowned accrediting agencies and stays well ahead from his market peers. Currently, NFPIL stands asthe only Indian Company with more than 65 International product approvals in the Fire ProtectionIndustry. He is currently President of Fire Protection Association of India (FPAI).

Mr. Rahul N.Shah He is a commerce graduate and holds a diploma in the Business Management. Has gained experiencein designing of various fire protection systems and has been trained in various international companies.

Executive Directorin designing of various fire protection systems and has been trained in various international companies.He has gained valuable experience in various fire protection systems. He has been instrumental incompany’s expansion in foreign territories through organic as well as inorganic modes.

Mr. Kunal N.Shah

Executive Director

Has completed Bachelor of Engineering in Electronics and Tele Communications in 2006. Sincechildhood, he has attended technical workshops of Nitin Group and gained knowledge ofmanufacturing of all the equipments He has successfully setup cylinder manufacturing unit under Nitinmanufacturing of all the equipments. He has successfully setup cylinder manufacturing unit under NitinCylinders Limited. Today, he is CEO & Managing Director for Worthington Nitin Cylinders Pvt. Ltd. He isalso actively looking after the growth of the Nitin Group.

Mr. Kailat Vaidyanathan

Non‐Executive Director

Has more than 40 years of experience in various engineering fields including about 20 years in the areaof High Pressure Seamless Cylinders and Allied Equipments, Mr. Vaidyanathan is responsible for alltechnical vendor transactions and client dealings for cylinders and allied items He holds a Bachelor in


technical vendor transactions and client dealings for cylinders and allied items. He holds a Bachelor inMechanical Engineering with Post Graduation in Industrial Engineering.

Independent DirectorspDr. Surendra A. Dave

Independent Director

He holds a Ph.D. in Economics and has a total experience of 47 years in finance, banking and securitieslaw. Currently, he has got work exposure with RBI, Industrial Development Bank of India, SEBI and UnitTrust of India. He was a founder chairman of SEBI and also the chairman of Unit Trust of India fromwhere he retired in 1996 Dr Dave has been associated with various committees of Government ofwhere he retired in 1996. Dr. Dave has been associated with various committees of Government ofIndia dealing with reforms in the capital market, mutual funds sector, insurance sector and pensions.

Mr. Krishna Kant Jha


He is a Mechanical Engineer and a member of the Fellow of Institution of Engineers (FIE), India.Previously, he was an Executive Director (Health, Safety & Environment) of Gas Authority of IndiaLimited (GAIL) and has a total experience of 40 years in the areas of project management, operationsLimited (GAIL) and has a total experience of 40 years in the areas of project management, operationsand maintenance, administration and health, safety and environment related activities

Mr. Ramakant M. Nayak


He has degrees in science and law and a Diploma in Marketing and Advertising. He is also a certifiedassociate of Indian Institute of Banking. He has an experience of 44 years in the area of investmentadvisory and banking industry. Mr. Nayak has been associated with various banking and advisorycompanies such as Sun Global Investments Limited, London, Sun Capital Advisory, Lord Krishna Bank(Now part of HDFC Bank Limited) and Lakshmi Vilas Bank through which he contributed in the areas ofbanking, finance, economy, human resources, business strategy and risk management.

Mr. Satish Kumar Dheri He has worked as the CFO with the Delhi Fire Services and has also been former President of Institution

Independent Directorof Fire Engineers (India) Council & Honorary Member of Commonwealth and overseas Fire ServicesAssociation, U.K., as the Chairman, National Building Code Part – IV of Bureau of Indian Standards hiscontribution has been praiseworthy. He has also worked as Fire Expert for formulation of new buildingbye‐laws for Municipal Corporation of Delhi, in 2005 and also served as Director of International FireChief’s Association of Asia from 1984‐2001.


Key Managerial Personnely gMr. Gopal Krishna Shahi Has completed his Masters in arts. Having a total experience of over 38 years, he has been associated with our

Company since December 01, 1994. He has extensive experience in the field of fire protection and safetyequipments. He is in charge of the technological development of products and technical negotiations withcustomers in respect of turnkey and general fire safety productscustomers in respect of turnkey and general fire safety products.

Mr. Pravin Shah Has a Bachelor’s degree in Electrical Engineering. He has a total experience of 33 years of which 9 years is withour Company. Presently, he is working as Technical Director taking care of international approvals for variousproducts and systems, technical support to sales, marketing and installation teams, vendor development, trainingto technical staff, quality system management etc.

Mr. Partho Roy Holds a Bachelor’s degree in Computer Science from University of Missouri, U.S.A. He has a total workexperience of 24 years in the area of information technology, fire and safety. Mr. Roy has worked with CerberusDistributors in the Middle East and thereafter with Siemens Ltd. out of their international division in Switzerland.He has experience in the field of fire detection, fire extinguishing (using halo carbons and green house gases), gasdetection and networking.

Mr. Kulbir Singh Sandhu Has a Master’s degree in Science (Physics) with specialization in electronics from University of Pune and adiploma in Business Management from the Indian Merchant Chamber. He has a total work experience of 31 yearsin the area of designing and marketing of fire fighting equipments, fire detection and fire alarm systems.Currently, he is heading the technical department of the company.

Mr. Sobti Has three years experience in MEP contracting having education of BE Mechanical Engineering and spent 35years life in GCC Countries having wide experience in Mechanical and electrical installation, design andcommissioning of systems.

Mr. JayChandran Has 20 years of experience in Fire fighting detection and gas suppression, designing and providing complete fireprotection systems and he is with the organisation since 10 years.


p y g y

75

Past Financials

53606000

Rs. mn

Robust sales growth Business Activity – Revenue Break up

Rs. mn Fire Protection Cylinder

2616

4083

5360

2000

3000

4000

5000

6000

2011

3649

5023

0

1000

2000

FY10A FY11A FY12A

605 434 338

FY10A FY11A FY12A

Profitability

558

696 705

422 468 470 600

800 EBIDTA PATRs. mn

Consistent track record of paying dividends sincelast 5 years

Sub‐division (Split) of existing equity shares ofRs 10/ each fully paid up into 5 equity shares of422

0

200

400 Rs.10/‐ each fully paid up into 5 equity shares ofRs.2/‐ each fully paid‐up on November 08, 2010

Rewarded shareholders by capitalizing reservesand issuing bonus shares at 2:5 on September 23,2011


FY10A FY11A FY12A2011

Key Market Informationy

Name of the Shareholder

Orange Mauritius Investments Ltd

#Shareholding Pattern Few of our Insitutional Shareholders

Others14 64 g

John Hancock Emerging Markets NAV

LIC Nomura MF – India Vision Fund

General Insurance Corporation of India

The Emerging Markets Small Cap Series (DFAIT)Promoters

Intitutional13.95

14.64

The Emerging Markets Small Cap Series (DFAIT)

Canara Bank

Emerging Markets Core Equity Portfolio (DFAIDG)

India Opportunities Growth Fund

Vespera Fund Limited

71.41

# as on March 31, 2013

Dividend HistoryVespera Fund Limited

Particulars as on 30/11/2012 (NSE) Rs.

CMP 65.00

Market Information

20%30%

35%

50%

20%20%

40%

60%

Market Cap (Rs. mn) 14,360

52 week high 83.30

52 week low 44.00

Face Value 2 00

0%

20%

2008 2009 2010 2011 2012

Pl d A 23/11/2012 43 170 000 it h f th C


Face Value 2.00Pledge: As on 23/11/2012, 43,170,000 equity shares of the Companyhave been pledged for the working capital needs of the biz

Strengths

Leading Fire Protection Company

g

Co pa y

Marquee Clients End-to end solutions provider

NFPILInternational presence Strong execution track

record

NFPIL

Strong Tie upsHigh quality standards

backed by domestic and international approvals


international approvals

Financial HighlightsINCOME STATEMENT

(Rs in million)

STANDALONE CONSOLIDATED

FY11 FY12 H1 FY13 FY11 FY12

T l I 1 623 1 654 2121 4 523 5 391

g g

Total Income 1,623 1,654 2121 4,523 5,391

EBITDA 345 243 298 814 705

EBIT 342 233 293 761 675

PBT 283 126 214 629 508

PAT 237 101 171 580 470

BALANCESHEET(Rs in million)


FY11 FY12 H1 FY13 FY11 FY12

SOURCES OF FUNDS

Net worth 1,264 1,381 1,552 2,321 2,657

Total Borrowings 482 1,805 1,098 1,456 2,930

TOTAL CAPITAL EMPLOYED 1,746 3,186 2,650 3,777 5,587TOTAL CAPITAL EMPLOYED 1,746 3,186 2,650 3,777 5,587

APPLICATION OF FUNDS

Net Block 27 134 132 1,217 1,278

Investments 638 843 860 607 663


Net Working Capital 1,080 2,210 1,659 1,953 3,646

TOTAL CAPITAL DEPLOYED 1,746 3,186 2,650 3,777 5,587

Financial Highlights

CASH FLOW STATEMENT(Rs in million)


g g

( )FY11 FY12 H1 FY13 FY11 FY12

Cash flow from operating activity (314) (938) 778 (132) (948)

Cash flow from investing activity 379 (249) (20) (12) (264)

Cash flow from financing activity (24) 1,244 (743) (17) (1,267)

Net increase/(decrease) in cash 40 57 16 (137) 55

Cash at the ending of the year 46 151 167 106 161


Thank YouThank YouThank YouThank You

Nitin Fire Protection Industries LimitedCorporate Headquarter:

501, Delta, Technology Street, Hiranandani Gardens, Powai, Mumbai - 400 076. Maharashtra, India.Ph 91 22 4045 7000 F 91 22 2570 1110Ph: +91 22 4045 7000 Fax: +91 22 2570 1110

Website : http://www.nitinfire.com Email : [email protected]

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