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June 02, 2015 4:47 AM ET

Machinery

Company Overview of ABG Shipyard Limited

Company Overview

ABG Shipyard Limited builds and repairs ships in India and internationally. Its products include side loader/newsprint/container ships, diesel electric propulsion diving support vessels, high speed aluminum interceptor vessels, bollard pull MPVs, dynamic positioning diving support vessels, well test/dynamic positioning supply vessels, well test/supply vessels, azimuthing stern drive bollard pull tugs, anchor handling tugs/supply vessels, multi-utility vessels, mini bulk carriers, and self loading/unloading bulk cement carriers. The company offers repair services, such as jumboising, ship conversion, refurbishment, modernization, upgradation, retrofitting, and rebuilding services that are off...

Bhupati Chambers

4th/5th Floors

13, Mathew Road

Mumbai,  400004

India

Founded in 1985

Phone:

91 22 6656 3000

Fax:

91 22 6622 3050

Key Executives for ABG Shipyard Limited

Chief Executive Officer, Managing Director, Director, Chairman of Corporate Social Responsibility Committee and Member of Share Transfer & Investor Grievance Committee
Age: 57
Total Annual Compensation: $2.8M
President
Age: 75
Total Annual Compensation: $4.6M
Whole-Time Director and Member of Finance & Operation Committee
Age: 52
Total Annual Compensation: $2.6M
Executive Director, Member of Share Transfer & Investor Grievance Committee, Member of Nomination-Cum-Remuneration Committee, Member of Finance & Operation Committee and Member of Corporate Social Responsibility Committee
Age: 58
Total Annual Compensation: $920.0K
Compensation as of Fiscal Year 2014.

ABG Shipyard Limited Key Developments

ABG Shipyard Limited Reports Unaudited Standalone Earnings Results for the Fourth Quarter and Audited Consolidated and Standalone Earnings Results for the Year Ended March 31, 2015

ABG Shipyard Limited reported unaudited standalone earnings results for the fourth quarter and audited consolidated and standalone earnings results for the year ended March 31, 2015. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 205.2 million against INR 3,883.6 million a year ago. Loss from operation before other income, finance cost and exceptional items was INR 2,592.1 million against profit from operation before other income, finance cost and exceptional items of INR 84.8 million a year ago. Loss from ordinary activities before tax was INR 4,851.6 million against loss from ordinary activities before tax of INR 1,456.5 million a year ago. Net loss for the period was INR 3,748.6 million or INR 75.22 per basic and diluted share before and after extraordinary items against net profit for the period of INR 487.8 million or INR 9.62 per basic and diluted share before and after extraordinary items a year ago. For the year, on standalone basis, the company reported net sales/income from operations of INR 3,857.4 million against INR 14,688.7 million a year ago. Loss from operation before other income, finance cost and exceptional items was INR 3,905.8 million against profit from operation before other income, finance cost and exceptional items of INR 3,445.1 million a year ago. Loss from ordinary activities before tax was INR 11,858.9 million against loss from ordinary activities before tax of INR 2,961.7 million a year ago. Net loss for the period was INR 8,977.0 million or INR 172.91 per basic and diluted share before and after extraordinary items against net profit for the period of INR 1,993.0 million or INR 39.14 per basic and diluted share before and after extraordinary items a year ago. For the year, on consolidated basis, the company reported net sales/income from operations of INR 4,439.2 million against INR 15,148.4 million a year ago. Loss from operation before other income, finance cost and exceptional items was INR 3,895.2 million against profit from operation before other income, finance cost and exceptional items of INR 3,194.5 million a year ago. Loss from ordinary activities before tax was INR 11,853.2 million against loss from ordinary activities before tax of INR 3,235.5 million a year ago. Net loss for the period was INR 9,010.5 million or INR 173.55 per basic and diluted share before and after extraordinary items against net loss for the period of INR 2,220.0 million or INR 43.60 per basic and diluted share before and after extraordinary items a year ago.

ABG Shipyard Limited Appoints Dheeraj Sharma as Company Secretary & Compliance Officer

ABG Shipyard Limited announced that the Company has appointed Mr. Dheeraj Sharma as Company Secretary & Compliance officer of the Company with effect from May 01, 2015.

ABG Shipyard Limited Announces Resignation of Nimesh S. Shah as Company Secretary and Compliance Officer

ABG Shipyard Ltd. has announced that Mr. Nimesh S. Shah has resigned from the post of company secretary and compliance officer of the company with effect from April 29, 2015.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 31, 2014
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