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1 Jessop & Co Ltd.. 2 Jessop & Co. Ltd Founded in 1788 by the sons of William Jessop, an eminent British Engineer. Now into 3rd Century Operation. Taken.

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Presentation on theme: "1 Jessop & Co Ltd.. 2 Jessop & Co. Ltd Founded in 1788 by the sons of William Jessop, an eminent British Engineer. Now into 3rd Century Operation. Taken."— Presentation transcript:

1 1 Jessop & Co Ltd.

2 2 Jessop & Co. Ltd Founded in 1788 by the sons of William Jessop, an eminent British Engineer. Now into 3rd Century Operation. Taken over by Government in 1973. Disinvested in 2003 through Strategic sale to the Ruia Group.

3 3 Jessop & Co. Ltd Financial restructuring and enhancement in productivity. Accumulated loss burden of Rs. 4.55 bn wiped off. Net worth of company positive from 31st December 2005. Out of BIFR : April 2006. May 2006: Dividend declared for the first time after 38 years. Paying dividends every year since then. Today, a heavy engineering giant with a workforce of 1387. ISO 9001 & ISO 14001 accreditation. Poised for a turnover of Rs.10 bn by 2010. Company Initiatives

4 4 Jessop product profile Structures: Industrial Buildings, Steel Bridges, Technological Structures. Hydro-Mechanical Equipment: Radial, Vertical, Caisson gates etc. Cranes: EOT, Goliath, Steel Works, Dockside and tailor made. Crane Accessories: Tongs, Hooks, Grabs, Gear Boxes & Couplings. Railway Rolling Stock: Passenger Coaches, EMU Coaches, Wagons. Construction Equipment: Diesel Road Rollers, Vibratory Compactors. Mining Machinery: Long Wall Roof Supports and Hydraulic Cylinders.

5 5 Jessop performance over a decade Previous Years since2003-2004 2006-07 2007-08 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01 1999-00 1998-991997-98 {In Rs. Mn} (395.4) (263.3) (439.2) (487.7) (475.0)(501.0) (63.8) 48.2 99.8 110.8 Net profit/loss (excluding extraordinary items) 186.65

6 6 Jessop Improvement in other key drivers Between 2003 and 2007 Employment costs ↓ by 39.7% of gross turnover. Manpower productivity ↑ by 108 %. Value addition ↑ by 169.4%. Power & fuel costs ↓ by 54 %.

7 7 Jessop & Co Ltd at present Cash profit in the very first year post disinvestment. Dividend declared after 38 years. Production improved without significant capex & manpower.

8 8 Jessop & Co Ltd Manufacturing Infrastructure at Dum Dum (Near Kolkata Airport),West Bengal Work CentreTotal Area (sq.mt) Covered Area (sq.mt) Catering to: 1.Structural & Mechanical 1,11,10070,500Cranes, Wagons and Structures. 2.Coach48,20029,000EMU Coaches. 3.RoadRoller, Mining, Hydraulics. 84,20047,400Road Construction, Mining and Hydraulic Equipment. TOTAL2,43,5001,46,900

9 9 Jessop & Co Ltd Wagon Portfolio Rail Wagon for Flat products- BRNA. Open Wagon – BOXN. Hopper Wagon – BOBRN / BOBSN. Covered Wagon – BCNA. Container Flat Wagon – BLC. Brake Van – BVZI. Tank Wagon for Liquid Petroleum Products – BTPN. Special Purpose Wagon for Powdery Material viz. Cement / Alumina with Air Fluidization System for Discharge – BCCW / BTAP.

10 10 Jessop & Co Ltd Demand Supply Scenario

11 11 Jessop & Co Ltd Greenfield Project Proposal Capacity: 500 Wagons per month. 1500 Bogies per month. 1500 Couplers per month. New Coach manufacturing facility at Raibareli, U.P.

12 12 Jessop & Co Ltd Strength Experience spanning over 6 decades in design, manufacture of wagons. Adequate skilled manpower. Basic infrastructure available for early implementation. Professional, Highly experienced & Proactive Management. Fully Conversant with Indian Statutory Norms. Ability to be Price-competitive. ISO 9001 & 14001 compliant.

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