Shilchar Technologies Share price

The Company was incorporated on 13th day of January 1986in the name and style of Shilchar Electronics Pvt. Ltd. TheCompany has since been converted into a public limitedcompany and a fresh certificate of incorporation obtainedon January 2 1995.The Company started manufacturing R-Core Transformers byentering into a supply agreement with Kitamura Kiden Co.of Japan the inventors of R-Core Transformers. Thecommercial production of the R-Core Transformers with thissupply agreement started in 1988. Within a short timeperiod the Company was able to manufacture world classR-Core Transformers as a perfect import substitute and alsoto indigenise the entire process. As an effort in Backward Integration and indigenisationthe Company started manufacturing Bobbins used in R-CoreTransformers. The Research & Development Department of theCompany developed the Mould design for manufacturing thecomplicated Bobbins based on the drawings developed by theR & D Dept the Company imported moulds from Singapore. TheBobbins manufactured by the Company were well accepted andare currently being exported even to the Company''sprincipals.The Company has been able to indigenise the Automatic CoilWinding Machine for manufacturing R-Core Transformers. Themachines added by the Company to increase its capacity inthe past have been developed by its own R & D Department.The machines so manufactured have also been sold to theFranchisee Operators of the Company. The Company has also been able to indigenise the TestingEquipment originally imported from Japan. The testingequipment which is very critical for maintaining thequality standards is technically more than comparable tothe imported machine.The Company is also manufacturing E-I Laminations byimporting Silicon Steel strip and having the laminationsmade on contract basis from local job work manufacturersThe Company had prepaid a secured loan from Gujarat StateFinancial Corporation in 1993-94. The Company has obtaineda no-objection in relation to the discharge of the mortgagecreated in favour of GSFC. The Company has not faced any labour problems in the past.There has also not been any closure due to labour or anyother problems.MAIN OBJECTS OF THE COMPANYThe main objects of the company as set out in the Memorandum and Articles of Association are as under1.To carry out all kinds of business of manufacture importers exporters dealers assembling and distributors repairers hirers of electronic components such as capacitors integrated circuits transistors and resistors chips silicon chips micro chips condensors volume controls measuring equipment / instruments telecommunication instruments televisions obscilators computer peripherals computer storage systems computer digital systems computer hardware and software Audio heads Video heads digital counters watches clocks telephones radios radiograms tape recorders stereo systems gramophones wireless apparatus domestic and commercial refrigerators coolers freezers of all kinds humidifying dehumidifying ventilating and cooling plants room coolers and airconditioners of all kinds records flexible cords switchgears motors equipments connected with electronics and its parts and the all articles and things used in the manufacture construction erection maintenance and working thereof in connection therewith in any way whatsoever To repair the same and their machinery and apparatus. To manufacture and deal in loud speakers transformers microphones transmitters amplifiers receivers public address equipments. wireless equipments resistance. rectifiers diodes transistors and all types of electronic devices and instruments. sound recording equipments sound producing equipments suitable for any power and high frequency technology now in vogue or today or to be invented or envisaged hereafter of all kinds accessories and spare parts of all kinds used in the manufacture installation erection repairs maintenance and working thereof or in connection therewith in any way whatsoever.2.To manufacture assemble erect install purchase import export equip sell trade fabricate design distribute repair maintain exchange alter lease or hire sell on hire purchase or instalment system or to construct develop enter into arrangement for setting up the same either in whole or in part or any other way to deal in micro processor based mini and micro computers digital and analogue computers and other computers and data processing system photo setters electrici electronic type-writers word processors and accounting and business machines and components thereof and electronic equipment and goods such as TV receiver sets (both colour and Black & White) video cassatte recorders multipliers and players tape recorder tape recorder/radio (two-in-one) stereo cassette decks video games. calculators digital productssoftwares display devices communication equipments and components thereof.3.To carry on all kinds of business of manufacturers importers exporters dealers assembling and distributors of television receivers cassettes recorders video games. tape duplicators and multipliers and all sorts of wireless sets equipments accessories parts tools appliances units and material apparatus used in connection therewith or which may hereafter be invented.4.To carry on all kinds of business of manufacturers importers exporters. dealers assembling and distributors of all kinds of radio sets record changers radiograms electronic equipments tape recorders computers miniaturised circuits micromodules and other allied electronic items amplifiers loudspeakers infer communication sets radio equipments accessories parts tools appliances units material and appratus used in connection with radio and wireless sets valves apparatus electrical supplies and merchandise.SUBSIDIARIES OF THE COMPANYThe Company does not have any subsidiary within the meaningof Section 4 of the Companies Act 1956.