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CMI FPE Ltd. Company History and Annual Growth Details

Flat Products Equipments (I) Limited is a well established
profit making company. The Company is a leading
manufacturer of Cold Rolling Mills, Galvanising Lines and
associated equipments in India. The Company is also in
field of consultancy, especially for steel industry since
past two decades.

FPL is amongst the leaders in industry segment in India
with sales for 1994-95 exceeding Rs.6,000 lacs. The Company
has its manufacturing unit at MIDC Taloja and Bhandup,
Bombay. The Company enjoys various working capital limits,
asset credit facility and term loan facilities under world
bank refinance scheme from it's bankers, Canara Bank and
from ICICI. The Company was promoted by Mr. T.R. Mehta
Metallurgical Engineer, presently Chairman & Managing
Director of the company. At present the company has
collaborations with T. Sendzimir Inc., U.S.A for
manufacture of Cold Rolling Mills for ferrous and
non-ferrous metals, Achenbach Buschutten GMBH, Germany for
manufacture of Aluminium strip and foil Mills, Bliss-Salem
Inc., U.S.A for manufacture of 4 Hi Cold Rolling Mills for
mild steel, Redex, France for manufacture of Stretch
Levelling equipment and Durmech Engineering Limited, UK for
Paint Coating Lines. These collaborators are world leaders
in their respective fields.

FPL is the only Indian Company with capabilities for
designing, fabrication and installation of CR Mills. FPL
competes mainly with international companies like Hitachi
of Japan, SMS of Germany, United of USA and Davy of
England. However, FPL enjoys significant price advantage
over international competitors on account of India's labour
cost advantage which results in the price quoted by foreign
companies being two or three times the FPL price for
comparable technology and performance. With proven
capabilities, having supplied mills in India and outside,
FPL thus has a strong competitive edge.

Due to the fact that Company has access to latest
technology in its fields and a lower cost as compared to
its competitors in West, the Company has export potential
for its product and has export orders on hand.

The Company manufactures and exports metal processing
equipment which is an import substitute.

FPL has installed over 110 rolling mills and associated
lines in India and 10 abroad. The Company is negotiating
for exports to many developed countries like U.S.A.,
Germany, U.K. and other Asian countries. Company and its
affiliates have already exported equipment to Germany,
South Korea, U.S.A., Switzerland, Austria, Kenya and
Singapore. The Company lays tremendous emphasis on after
sales service and a lot of orders are REPETITIVE. The
Company expects repeat orders from its overseas clients in
the future.

Absorption of technology by research and development and
design departments of the Company is demonstrated by the
fact that in the year 1990, Company had exported a mill to
U.S.A., to its collaborator, worth Rs.13.5 million. The
collaborator has expressed interest in purchasing two more
mills from the Company in near future. The Company is also
exporting Cold Rolling Mill and Galvanising Line to
Indonesia, for over Rs.25 Crores which has to be delivered
by March 1996. The details of the exports orders are as
follows:

NAME OF THE CUSTOMER ITEMS


M/S. PT INDUSTRI BAJA BERLIAN I) CONTINUOUS HOT DIP
J1, KE BELAWANT KM 10.5, GALVANISING LINE
KAWASAN INDUSTRI MEDAN,
SUMATERA UTARA, II) 4-HI REVERSING COLD
INDONESIA ROLLING MILL

NAME OF THE CUSTOMER PRICE DELIVERY
(RS. CRORES)

M/S. PT INDUSTRI BAJA BERLIAN 1085 MARCH'96
J1, KE BELAWANT KM 10.5,
KAWASAN INDUSTRI MEDAN,
SUMATERA UTARA, 1880 MARCH'96
INDONESIA

Equipments made by the Company are of international quality
and the Company is receiving continuous inquiries from
international markets. The Company is quite hopeful about
future exports due to its sophisticated technology,
competitive price, timely delivery and efficient after
sales services.

The Company's major customers in India for Metal
Processing Equipment are Companies like Special Steels
Limited, Pennar Aluminium Co. Limited, Jindal Strips Ltd,.
Uttam Steels Ltd., Atma Steels Ltd, Comet Steels Ltd.,
Lloyd Metals Ltd., Bhushan Industries, SWIL Ltd., Avery
Cycles, Lloyd Steels Ltd and Raymonds Steel and many other
industrial houses. Its experience, reputation and goodwill
in the domestic and international market has helped it in
expanding the local Market. With its experience,
technology, manufacturing facilities, design, research and
development team and excellent sales force, the Company is
confident about its future expansion.

The company is known throughout the world as a builder and
exporter of high quality Cold Rolling Mills & equipment for
the ferrous and non ferrous industry. Experience of more
than two decades in engineering and building custom
designed rolling mills and auxiliary equipment to meet
individual customers' specific requirements has made the
company one of the largest rolling mill builders in the
country today.

2001- Flat Products Equipments (India) Ltd has informed BSE that at the Annual General Meeting of the Company held on September 28, 2001 the members have approved dividend of 25% per share (Rs 2.50 per share of Rs 10/-)


2004

-Flat Products gets $40 million order from China plant

2005

-Flat Products secures prestigious order from Lotus Joint Stock, Vietnam

2008

- Company name has been changed from Flat Products Equipments (India) Ltd to CMI FPE Ltd.

2009

- CMI FPE Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 30, 2009, inter alia, Mr. Raman Madhok has been appointed as an additional director of the Company to hold the office up to ensuing Annual General Meeting.
 
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