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Hilton Metal Forging Ltd. Company History and Annual Growth Details

The Promoter of the Company, Mr. Yuvraj Malhotra has started the business
by setting up of the proprietorship firm on 13th September 1997 .The Firm started
its activities by effecting first shipment in the year January 1998 for Rs. 7.45 Lakhs
by outsourcing the forged components and continued its operations by setting up
small machining division on lease basis at Vasai Industrial Estate till 1999. The Firm
was registered as a Small Scale Industry unit in the year 1999 and it started
manufacturing Pipe fitting items like Stainless Steel Flanges & Stub Ends in various
size ranging from 1/2th to 10". On 1st August 2003 the Partnership Firm under the
name "M/s Hilton Forge" took over the business of the proprietorship firm. Further,
the partnership firm was converted into a Public Limited Company under the name
Hilton Metal Forging Limited on 21st July 2005 under Part IX of Company Act, 1956.

At present the Company has a total installed capacity of 11,100 MT per annum and
can execute orders for a wide range of forgings weighing from 0.5 kg (1.10 lbs) to
750 kg (1650 lbs). The Company specializes in the manufacture of forgings for the
oil, petrochemical, pharmaceutical and automobile industries and is also planning to
manufacture for other Original Equipment Manufacturers (OEMs). The Company has
also received quality excellence Certificate from one of the major customer from UK
and slowly expanded its activities by including other customers from Europe and
other Asian countries.

After having a 9 years experience in the field of Export of forged components to
various manufacturers & distributors in USA, UK, European and Middle East
countries, the Company has decided to go for expansion in forging technology while
putting up Forging Presses, Ring Rolling to capture the market of Oil and Gas
industries.

MAJOR EVENTS IN THE HISTORY OF THE COMPANY

Year Major Events

1997 Successful in getting the first Export Order in the month of October 1997
and the same was executed in the month of December 1997. Started its export
business with a turnover of Rs. 7.45 Lakhs in 1997
1998 Installed one Cutting machine alongwith three drilling machines for cutting
and drilling of flanges and achieved a turnover of Rs. 48.00 Lakhs.
1999 Started manufacturing activity at a very small scale with addition of couple of
Lathes and have achieved turnover of Rs. 179.00 Lakhs.
2000 Created own manufacturing base at Wada by investing Rs. 85 Lakhs and
achieved turnover of Rs. 289.00 Lakhs.
2001 Installation of CNC Machines to increase the production capacity and timely
deliveries. and has an achieved turn over of Rs. 510.00 Lakhs.
2002 Received ISO 9001 Certification for manufacture and sale of closed die Forgings,
flanges and fittings in various stainless steels grades, alloy steel and carbon
steels. Also fulfilled the requirement of AD 2000 - Merkblatt W 0 and got right
to issue test certificates 3.1 B according to EN 10204 also achieved turnover of
Rs. 905.00 Lakhs.
2003 Obtained Canadian Registration and Pressure Equipment Directive (PED)
Certificate. Also increased the installed capacity by adding Balancing equipment
for post forging operation and achieved turnover of Rs. 1359.53 Lakhs.
2004 Invested Rs. 450.00 Lakhs towards major expansion by installing 16 MT Hammer
Thereby the installed capacity has increased to 10,000 tons per annum also
achieved turnover of Rs. 2185.19 Lakhs.
2005 The Company was successful to get a marginal Anti dumping duty of 0.89 % on
the export of Stainless Steel forged flanges to US market. The Company was also
conferred with an Export Excellence Certificate for the year 2003-2004. Commenced
the commercial production on 16 ton Hammer from September 2004 .The
Company achieved a turnover of Rs. 3421.29 Lakhs.
2006 The Engineering Export Promotion Council has awarded the Company's product as
quality excellence. The Company has also received Certificate of Export Excellence
Award for achieving highest export performance during 2003-04 amongst the SSI
Exporters Steel Pipes, Tubes and Fitting.

2007

-Hilton Metal Forging Ltd has appointed as a Wholetime Director of the Company with effect from August 01, 2007.

-Company has changed its Registered Office from No. 60, Whispering Palm centre, Lokhandwala Township, Kandivali (East), Mumbai - 400101 to 701, Palm Spring, Link Road, Malad - West, Mumbai - 400064

2008

- Hilton Metal Forging Limited has informed that Mr. Suryakant Mayani has been appointed as C F O of the Company with effect from January 01, 2008.

-Hilton Metal Forging Ltd has informed that Mr. Ramprosad Ghosh, Whole time Director - Technical, has resigned from the Board of Directors of the Company.Further the Company has informed that, Mr. Asgar Dalal, President-Technical, has replaced Mr. Ramprosad Ghosh.

--Registered Office of the Company has been shifted to 5, Whispering Palm Centre, Lokhandwala Township, Kandiwali (West), Mumbai- 400101.

2009

- Registered Office of the Company has been changed to 5, Whispering Palm Centre, Lokhandwala Township, Kandiwali (West), Mumbai- 400101.

2010
-Registered Office of the Company has been shifted To 701, Palm Spring, Link Road, Malad (West), Mumbai - 400064.

2011
-Hilton Metal Forging Ltd has recommended dividend @ 0.25% i.e. Re. 0.25 per Equity Share.

2012
-Hilton Metal Forging Ltd has recommended the Dividend @ Re. 0.25 Per Share (i.e. @ 2.5 % on the Equity Shares).

2013
-Hilton Metal Forging Ltd has recommended Dividend @ 4% or Rs. 0.40 per Equity Share.

2014
-Hilton Metal Forging Ltd has recommended the Dividend @ Re. 0.50 Per Share (i.e. @ 5.00% on the Equity Shares).

2022
-The company issued rights shares of Rs. 10 in the ratio of 2:5 at a premium of Rs. 45 per share.

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