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FIEM Industries Ltd. Company History and Annual Growth Details

The Company is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors.

The Company was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989 in New Delhi under the Companies Act, 1956. We set up our unit at HSIDC Industrial Estate, Kundli, Sonepat (Haryana) for carrying on the business of manufacturing rear view mirrors for two, three and four wheelers. We changed the name of our Company to FIEM Industries Private Limited w.e.f. May 7, 1992. Subsequently, our Company was converted into a public limited Company w.e.f. November 30, 1993, pursuant to which, the name of our Company was changed to FIEM Industries Limited.

During the year 1993-94, we added additional facilities for manufacturing of automotive lighting and signaling equipments 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 plant situated at 32 Mile Stone, G. T. Road, Kundli, Sonepat (Haryana) (Unit I) having full fledged testing laboratory for manufacturing automotive lamps & mirrors conforming to International Standards viz., JIS, ADR, DOT, ECE, SAE and
Indian 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 Daewoo Motors Limited) for engaging into the business of manufacturing automotive lighting and signaling equipments for Daewoo cars. Subsequently, FIEM Sung San (India) Limited became our subsidiary w.e.f. September 30, 2005 pursuant
to the acquisition of 3,250,000 Equity Shares of Rs. 10 each. For more details, please refer to the section titled Our Subsidiary 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 Road, Kallukondapalli, Hosur, Tamil Nadu for manufacturing head lamps, tail lamps / rear combination lamps, side indicator lamps, 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 manufacturing sheet metal items viz., frame, mudguards, stands, guard exhaust and exhaust pipe. In the same year, we set up our Unit IV at S. No. 29, Madargali Village, Varuna Hobli, Mysore Taluk, Karnataka for manufacturing value added products such as assembly of rear fender for two-wheelers. Our Company also set up an overseas Research & Design centre in
Japan which is located at 2-7-29, Isehara-Shi, Kanagawa, Ken, 259-1131, Japan to further strengthen our Companys design capability.

We are presently conducting trial runs at our Export Oriented Unit (Unit V) at Kelamangalam, Hosur, Tamil Nadu for manufacturing mirror plates, mirror assembly, head lamps, tail lamps and side indicators. We are also in the process of setting up of Unit VI at Nalagarh, Himachal Pradesh which shall engage in the manufacture of head lamps, tail lamps, side indicator lamps, rear fender, reflex reflectors and rear view mirrors primarily for the four-wheeler segment.

We have been accredited with ISO9002 in the year 1997 by BVQI, London. In the year 1999, our Unit I at Sonepat, Haryana 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 & signaling equipments and rear view mirrors. Subsequently, in the year 2004, our Unit I at Sonepat, Haryana was accredited with
ISO/TS 16949:2002 by UL, USA. In the year 2005, our Unit II at Hosur, Tamil Nadu was accredited with ISO/TS 16949:2002 by UL, USA. In the same year, our Unit I at Sonepat, Haryana was accredited with ISO 14001:2004 by UL, USA. 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 Bhartiya
Shiromani Puraskar by the Institute of Economic Studies (IES), New Delhi in the year 2005 as a certificate of excellence for enhancing the image of India. Our Company was 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 wheelers. In February 2006, our Company was awarded the Transworld Gold Star Award by the International Study
Circle (ISC), New Delhi for excellence in quality. We are also in receipt of various certificate of appreciation from our customers. For a detailed list, please refer to the section titled Business Overview beginning on page no. 63 of this Draft Red Herring Prospectus.


Major events in the history of our Company since inception

1989: Incorporation of our Company under the name and style of Rahul Auto Pvt. Limited
Unit at HSIDC Industrial Estate, Kundli, Sonepat (Haryana) set-up


1992: Change of the name of the Company from Rahul Auto Pvt. Limited to FIEM Industries Pvt. Limited

1993 : 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 laboratory

1996: 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 Nadu


2005: 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 wheelers

2006: 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

2007

-Fiem Industries Ltd has acquired a new Industrial Plot measuring around 7 Acres in Sonepat, Haryana for future expansion plans of the Company.
 
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