Saturday, June 19, 2010

HARITHA SEATING SYSTEMS -BUY


Almost all well managed companies from auto
ancillary space are reaping the benefits of
the booming auto sales .Haritha Seating Systems
is such a company which is based in Chennai.
This company belongs to the well known TVS Group
and promoted by Sundaram Clayton Ltd. Harita makes
seats for two-wheelers, commercial vehicles, tractors
and buses.  It is also in the field of poly urethane
products businesses to different segments of the
auto industry . Harita Seating Systems has manufacturing
facilities in Hosur, Ranjangaon near Pune and at Nalagarh
in Himachal Pradesh. It was earlier known as Haritha
Grammer and had a joint venture with Grammer AG of
Germany till 2002.In 2002 company pulls out of joint
venture and its name changed to Haritha Seating Systems.
Company has another joint venture with German based
Fehrer for making two wheeler seats ,which is known as
Harita Fehrer Ltd.Company’s client list consists of auto
majors like Tata Motors, Ashok Leyland, Mahindra & Mahindra,
Tafe, John Deere, New Holland, TMTL, Escorts, Caterpillar,
BEML, Telcon, L & T Komatsu and  Volvo.Company also suppliers
seats to body builders Jaico, SM Kannappa, ACGL, Amar Coaches,
IRIZAR TVS, Veera Vahana, HNS Coaches, Damodar coach,
Bharat Coach etc. Last year company posted a turnover
of Rs.223 Cr and a net loss of Rs.71 lakhs . It is notable
that company posted decent result in last qtr of previous
financial year with a profit of 2.39 Cr. Belongs to TVS
group which has good pedigree in auto ancillary space
Harita is expected to post even better numbers in the
current year.Risk takers can BUY at CMP of Rs.99/-

5 comments :

  1. BUY SHIRPUR GOLD BSE CODE 512289@200/= FOR A TARGET OF 1500.GUYS GRAB IT.IT IS ZEE GROUP COMAPNY.PRODUCTION STARTING SOON.

    ReplyDelete
  2. SHIRPUR GOLD 512289 CODE
    FOR LATEST UPDATE:
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    Words nahi hai Thareef karne ke liye, hamara great guru sharma ji, kya bole ga Sacchi Niklega. great. great. great..

    he told only one thing. 100 shares of shirpur in comming years is equivalent to one Mercedes Benz.

    It is true. Shirpur is going to Rock.. Hold it. dont sell it. Its goldmine....

    ReplyDelete
  3. SHIRPUR GOLD 512289 CODE
    FOR LATEST UPDATE:
    KIRTISCRIPSCAN.NET

    Words nahi hai Thareef karne ke liye, hamara great guru sharma ji, kya bole ga Sacchi Niklega. great. great. great..

    he told only one thing. 100 shares of shirpur in comming years is equivalent to one Mercedes Benz.

    It is true. Shirpur is going to Rock.. Hold it. dont sell it. Its goldmine....

    ReplyDelete
  4. Hey man, I dont think this company is promoted by TVS group. Sundaram Clayton is just the registrar of this share. Now slightly lesser than suggested price, so can buy more http://nse-invest.blogspot.com/2010/06/harita-seating-systems-590043.html

    ReplyDelete
  5. Dear Muthumani

    Sundaram clayton not doing any outside R&T works.
    Hope the following link will solve your doubt.

    http://economictimes.indiatimes.com/articleshow/5631315.cms

    ReplyDelete

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