TALBROS AUTO. COMP. Share price

OUR HISTORY & BACKGROUND:Talbros Automotive Components Limited was incorporated under theCompanies Act 1956 on 8th September 1956 in the NCT of Delhi inthe name and style of Payen Talbros Private Limited by Talwar Brothersin technical collaboration with Coopers Payen Limited UK and infinancial collaboration with Engineering Components Limited UK. OurCompany was promoted in 1957 by Talwar Brothers under the Chairmanshipof late Mr. B.N. Talwar and late Mr. W.N. Talwar the then ManagingDirector of our Company.We became a deemed public company under section 43A of the CompaniesAct 1956 on 30th November 1975. We became a public limited company on4th December 1975. The name of our Company was changed to 'TalbrosAutomotive Components Limited" on 7th April 1979. We made our maidenpublic issue in the year 1980. The registered office of our Company wasshifted from NCT of Delhi to the state of Haryana w.e.f. May 16 1996.Presently we are managed by Mr. Naresh Talwar who joined our Companyin 1976; Mr. Umesh Talwar who joined our Company in 1977; and Mr.Nikhil Talwar who joined our Company in 1996.We started manufacturing of automotive and industrial gaskets in theyear 1957. During our 48 years of existence we emerged as the leaderin the manufacturing of automotive gaskets. The manufacturingactivities started during 1957 at the plant located in Delhi which wasshifted to Faridabad during 1967 to extend the manufacturingfacilities. During 1977 we acquired under a Scheme of AmalgamationAEW Jansons Limited which was engaged in the manufacturing of HydraulicJacks. Later on the manufacturing of axle shafts was added andmanufacturing of hydraulic jacks was discontinued. In the year 1979second manufacturing facility for gaskets was established in Chennai inorder to cater to original equipment manufacturers (OEMs) requirementin southern India. A backward integration plan was implemented during1989 by setting up a plant at Sohna near Gurgaon Haryana tomanufacture `beater' (a raw material used in manufacturing process) forcaptive consumption.During 1995 we further expanded our manufacturing base by setting upthe third gaskets manufacturing plant at Pune in Maharashtra primarilyto cater to the needs of Tata Motors and other OEMs based in and aroundPune. In the same year the axle manufacturing plant was separatedunder the scheme approved by the Honorable High Court of Delhi as wedecided to concentrate on manufacturing of gaskets only.We have technical tie-ups with reputed global players viz. FederalMogul Sealing Group one of the world's largest group supplying hightechnology automotive components and other engineered products; NipponLeakless Corporation of Japan the manufacturer of high technologygaskets used by new generation vehicles; Ishikawa Gaskets CompanyLimited of Japan the manufacturer of specialized gaskets to be used indiesel engines. Association with these global leaders ensures accessto the latest global technology on a continuous basis.We are into manufacturing of gaskets for heavy and light commercialvehicles passenger cars two wheelers and tractors through our 4manufacturing facilities. We have certifications such as TS-16949(Faridabad Pune and Chennai plants) and ISO 14001 (Faridabad plant)for adhering to specified quality standards and environment protection.Our turnover has grown from Rs. 5647.03 lacs in FY2000 to Rs. 11603.54lacs in FY2005 and Net profit grew from Rs. 175.17 lacs in FY2000 toRs. 466.59 lacs in FY2005.Major events in our history are given below:Year Event1956 * Company incorporated on 8th September 1956 in the NCT of Delhi in the name and style of Payen Talbros Private Limited by Talwar Brothers in technical collaboration with Coopers Payen Limited U K and in financial collaboration with Engineering Components Limited U K1957 * Commencement of manufacturing of all kinds of gaskets at its plant at New Delhi1963 * 1st bonus issue in the ratio of 1:21966 * 2nd bonus issue in the ratio of 2:31967 * Shifting of manufacturing facilities from New Delhi to Faridabad Haryana1970 * 3rd bonus issue in the ratio of 1:31975 * Became a deemed public company under section 43A of the Companies Act 1956 on 30th November 1975 and became a public limited company on * 4th December 1975 4th Bonus Issue in the ratio of 1:41977 * Setting up of 2nd manufacturing facility at SIDCO Industrial Estate Ambattur Chennai to manufacture gaskets1978 * Amalgamation of AEW Janson Limited a company engaged in the manufacture of hydraulic jacks and shock absorbers with us w.e.f. 1st September 19771979 * Change of name to Talbros Automotive Components Limited * Commencement of commercial production at Ambattur Chennai plant in July 19791980 * Maiden public issue of 124642 Equity Shares at a premium of Rs. 5 per share; issue opening 19th May 19801981 * Commencement of production of rear axle shafts and discontinuation of production of hydraulic jacks and shock absorbers1986 * Placement of 30000 15% redeemable non-convertible debentures of Rs. 100/- each to LIC GIC and its subsidiaries1988 * 5th bonus issue in the ratio of 2:51989 * Right Issue of 425000 Equity Shares of Rs. 10 each * Setting up of manufacturing facility at Sohna near Gurgaon to manufacture Beater one of the raw materials for captive consumption1994 * ISO 9002 certification received from BVQI for Faridabad Plant1995 * Issue of 242858 Equity Shares to Engineering Components Limited UK at a price of Rs. 83.75 per share on preferential basis * Hiving-off of engineering division manufacturing rear axle shafts to Talbros Engineering Limited * Setting up of 3rd manufacturing facility at Pimpri Pune Maharashtra to manufacture gaskets1997 * Technical assistance agreement with Nippon Leakless Corporation Limited Japan to manufacture non-asbestos gaskets2002 * `Best Vendor Award' received from Eicher Motors and Tata Cummins for 2001-022003 * Technical assistance agreement with Federal Mogul Sealing Systems (Slough) Limited UK * `Best Vendor Award' received from Eicher Motors for 2002-032004 * Technical assistance agreement with Ishikawa Gaskets Company Limited Japan * `Best Vendor Award' received from Tata Cummins for 2003-04 * All 3 manufacturing facilities viz. Faridabad Chennai and Pune certified with TS 16949 * ISO 14001 certification obtained for Faridabad Plant * 6th Bonus Issue in ratio of 5:22005 * Achieved turnover of more than Rs. 100 crores net of taxes for FY05. * Joint venture agreement entered into with Nippon Leakless Corporation Japan * Diversification into forging business commenced * Emerged as the biggest exporter of gaskets in the country (Source: Annual Reports)