Suprajit Engineering Share price

SEL was incorporated on 24.5.1985 as a Private Limitedcompany and was converted into Public Limited company on15.06.1995. The Registered office of the Company is at plotNo.100 Bommasandra Industrial Area Anekal Taluk Bangalore - 562 158 Karnataka. The Company established asmall scale industrial unit in 1987 for manufacture ofcables for the Japanese automobile manufacturers in Indiawith financial assistance from Karnataka State FinancialCorporation - Bangalore and in technical collaboration withToh Fon Machine Company Limited (TFMCL) - Taiwan thelargest suppliers of cables to original equipmentmanufacturers such as Kawasaki Suzuki Yamaha Honda etc.This was conceived in the background of large number ofJapanese automobile manufacturers setting up joint venturesin India to manufacture fuel efficient Internationalquality two wheelers in India. Today the Company is one ofthe of the major suppliers to the Original EquipmentManufacturers viz. TVS Suzuki Limited Hero Honda MotorsLimited Escorts Automotives Limited- (Yamaha Motor CycleDivision) Kinetic Honda Motors Limited RHW India Limitedand Whirlpool Washing Machines Limited (formerly TVSWhirlpool Ltd). The Company also distributes its productsin the replacement market through reputed distributorsviz. TVS & Sons Limited Madras Auto Service and SundaramMotors. The Company''s products are very well establishedwith OEMs conforming to their quality standards. To meetthe continued increased requirement of the customers theCompany during the year increased the capacity from 24 lakhcables( 36 lakhs on 3 shift basis) to 36 lakh cables (54Iakh cables on a 3 shift basis) the cost of which was metby contribution from the promoters and their group. TheCompany is successfully managed and has been earningprofits since inception and declared dividendscontinuously. The Company has been rated AAA (highestinternal credit rating) by Karnataka State FinancialCorporation.This is the only Company to have equity participation by TVS Suzuki Ltd. to the extent of 3.6% of the present paid upequity.