Key Takeaways from the call:

• Targets cash profit of USD 1 million in Kilimanjaro in FY 12.
• Has formed separate subsidiary called Banco Gasket. The company will sell its gasket division to this subsidiary and thus all gaskets would be sold through this subsidiary.
• The company sold 95% of its stake in Kilimanjaro to its wholly owned subsidiary Lake minerals (Mauritius) and has retained the direct 5% of its remaining stake. Kilimanjaro results have been accounted for only 2 months in consolidated results for Sep 2011 quarter.
• The company's capex for FY 12 is Rs 30-35 crore. Out of this, total capex spent in H1 FY 12 is Rs 12 crore.
• Europe is its main export market and it is impacted by slow down and now upcoming winter season.
• Its imports and exports provide natural hedge. Thus it does not undertake hedging for its operations.
• Prevailing tax rate of 24-25% is expected to continue. The tax provision increased in Sep 2011 quarter as tax benefit from EOU has been removed.
• Received proceeds on sale of land in Saurashtra of Rs 5 crore and same is shown in other operating income.
• In H1 FY 12, the sales of NRF grew by 14% to Euro 41 million from Euro 36 million in H1 FY 11. Its PBT grew by robust 45% to Euro 3.2 million from Euro 2.2 million in H1 FY 11.
• Consolidated and standalone debt cost is 8.5-9% each.
• It has strong presence in trucks and tractors and low exposure to cars. Maruti accounts for only 4% of its total sales.
• Tata Toyo Radiators, Alcraft are among its competitors.