FIEM INDUSTRIES Share price

Our Company is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors.Our Company was originally incorporated in India as Rahul Auto Private Limited on February 6 1989 in New Delhiunder the Companies Act 1956. We set up our unit at HSIDC Industrial Estate Kundli Sonepat (Haryana) for carryingon the business of manufacturing rear view mirrors for two three and four wheelers. We changed the name of ourCompany to FIEM Industries Private Limited w.e.f. May 7 1992. Subsequently our Company was converted into apublic limited Company w.e.f. November 30 1993 pursuant to which the name of our Company was changed to FIEMIndustries Limited.During the year 1993-94 we added additional facilities for manufacturing of automotive lighting and signalingequipments such as head lamp tail lamp side indicator lamp reflex Reflector fog lamp etc.With a view to expand our business we shifted all our manufacturing facilities during the year 1993-94 to the plantsituated at 32 Mile Stone G. T. Road Kundli Sonepat (Haryana) (Unit I) having full fledged testing laboratory formanufacturing automotive lamps & mirrors conforming to International Standards viz. JIS ADR DOT ECE SAE andIndian Standards viz. AIS and BIS.In the year 1996 our Company set-up a Joint Venture Company under the name and style of FIEM Sung San (India)Limited in association with Sung San Co. Limited Korea and Daewoo Motors (India) Ltd. (formerly DCM DaewooMotors Limited) for engaging into the business of manufacturing automotive lighting and signaling equipments forDaewoo cars. Subsequently FIEM Sung San (India) Limited became our subsidiary w.e.f. September 30 2005 pursuantto the acquisition of 3250000 Equity Shares of Rs. 10 each. For more details please refer to the section titled ?OurSubsidiary? beginning on page no. 89 of this Draft Red Herring Prospectus.We further expanded our capacities with the setting-up of our Unit II in the year 2003-04 at 219/2B Thally RoadKallukondapalli Hosur Tamil Nadu for manufacturing head lamps tail lamps / rear combination lamps side indicatorlamps reflex reflectors and rear view mirrors.We set up our Unit III in the year 2004-05 at Kelamangalam Achittapalli Post Hosur Tamil Nadu for manufacturingsheet metal items viz. frame mudguards stands guard exhaust and exhaust pipe. In the same year we set up our UnitIV at S. No. 29 Madargali Village Varuna Hobli Mysore Taluk Karnataka for manufacturing value added productssuch as assembly of rear fender for two-wheelers. Our Company also set up an overseas Research & Design centre inJapan which is located at 2-7-29 Isehara-Shi Kanagawa Ken 259-1131 Japan to further strengthen our Company?sdesign capability.We are presently conducting trial runs at our Export Oriented Unit (Unit V) at Kelamangalam Hosur Tamil Nadu formanufacturing mirror plates mirror assembly head lamps tail lamps and side indicators. We are also in the process ofsetting up of Unit VI at Nalagarh Himachal Pradesh which shall engage in the manufacture of head lamps tail lampsside indicator lamps rear fender reflex reflectors and rear view mirrors primarily for the four-wheeler segment.We have been accredited with ISO?9002 in the year 1997 by BVQI London. In the year 1999 our Unit I at SonepatHaryana was accredited with ISO 9001:2000 & ISO 9002:1994 and the quality system requirements certification QS-9000:1998 by Underwriters Laboratories Inc. (UL) USA for the manufacture of automotive lighting & signalingequipments and rear view mirrors. Subsequently in the year 2004 our Unit I at Sonepat Haryana was accredited withISO/TS 16949:2002 by UL USA. In the year 2005 our Unit II at Hosur Tamil Nadu was accredited with ISO/TS16949:2002 by UL USA. In the same year our Unit I at Sonepat Haryana was accredited with ISO 14001:2004 by ULUSA. Prior to this in the year 2002 our Unit I at Sonepat Haryana also received the ?Confirmity of Production?compliance certification from RDW Netherlands for e-marked products. Our Company was also awarded the ?BhartiyaShiromani Puraskar? by the Institute of Economic Studies (IES) New Delhi in the year 2005 as a certificate ofexcellence for enhancing the image of India. Our Company was presented with the ?Business Sphere Award? for theyear 2005-06 for being the most successful pioneer and among toppers in export & manufacture of auto components for2 wheelers. In February 2006 our Company was awarded the ?Transworld Gold Star Award? by the International StudyCircle (ISC) New Delhi for excellence in quality. We are also in receipt of various certificate of appreciation from ourcustomers. For a detailed list please refer to the section titled ?Business Overview? beginning on page no. 63 of thisDraft Red Herring Prospectus.Major events in the history of our Company since inception1989: Incorporation of our Company under the name and style of Rahul Auto Pvt. Limited Unit at HSIDC Industrial Estate Kundli Sonepat (Haryana) set-up1992: Change of the name of the Company from Rahul Auto Pvt. Limited to FIEM Industries Pvt. Limited1993 : Converted to Public Limited company pursuant to which the name of the Company changed from FIEM Industries Pvt. Limited to FIEM Industries Limited Shifted all manufacturing facilities to the plant situated at 32 Mile Stone G. T. Road Kundli Sonepat (Haryana) (Unit I) having full fledged testing laboratory1996: FIEM Sung San (India) Limited a Joint venture Company set-up in Noida Uttar Pradesh pursuant to a Joint Venture Agreement in association with Sung San Co. Limited Korea and Daewoo Motors (India) Ltd. (formerly DCM Daewoo Motors Limited)2004: Set-up Unit II at Kallukondapalli Hosur Tamil Nadu2005: Set-up Unit III at Kelamangalam Hosur Tamil Nadu Set-up Unit IV at Mysore Karnataka Entered into a Technical Support Agreement with Ichikoh Industries Ltd. Japan Established Overseas design centre and liason office in Japan Signed MOU for establishing a Joint Venture company with Aspock Holding GmbH Austria Awarded the ?Bhartiya Shiromani Puraskar? by the Institute of Economic Studies (IES) New Delhi Presented with the ?Business Sphere Award? for the year 2005-06 for being the most successful pioneer and among toppers in export & manufacture of auto components for 2 wheelers2006: Entered into a Joint Venture agreement with Korea Air Conditioner Co. Ltd. for establishing a company at Hosur Tamil Nadu Setting up an EOU unit at Kelamangalam Hosur Tamil Nadu? (Unit V) Setting up a Unit VI at Nalagarh Himachal Pradesh Awarded the ?Transworld Gold Star Award? by the International Study Circle (ISC) New Delhi for excellence in quality Signed MOU with ZADI Divisione Fanaleria CEV Spa Italy