Flat Products Equipments (India) Ltd.

Milestone:

1978 Cold rolling mills with electormechanical screwdown.

1982 Cold rolling mills with hydraulic screwdown and automatic gauge control systems.

1982 2-high skin pass mill with hydraulic pressure control.

1984 20-high Sendzimir cold rolling mills with hydraulic AGC for narrow widths.

1987 Galvanising lines wet flux type. 1989 Stretch levelling machine.

1989 20-high Sendzimir cold rolling mills with hydraulic AGC for wider widths.

1989 6- high Sendzimir cold rolling mills with "Mill Management system".

1989 4-high skin pass mill with stretcher leveller for wider strip width.

1993 6-high Sendzimir cold rolling mill with "Mass Flow AGC System" integrated with "Mill Management System".

1994 4-high aluminium cold rolling mill with "Flatness Control System" 1700 mm wide at 800 mpm (widest mill built in India).

1995 4-high cold rolling mill 1270 mm wide 1200 mpm with constant mass flow hydraulic AGC and mill management system. (Fastest mill built in India).

1995 4-high skin pass mill 1270 mm wide 400 mpm with hydraulic load control with elongation measurement & control.

1996 6-high cold rolling mill 1000 mm wide, 1000 mpm with hydraulic AGC and intermediate roll shifting arrangement. (Designed and manufactured in India).

1999 L shaped non ox furance type continuous galvanising line for 1250 mm wide, 2mm maximum thickness HR & CR galvanising 2,50,000 tpa capacity. (Largest line designed and built in India).

2000 Horizontal non ox furnance type continuous galvanising line.
2003 - High speed Galvanising, Galvalume & Colour Coating Lines.



Flat Products Equipments (I) Limited, now a public limited company, traces its origins to a proprietary organisation established in 1978 by Mr T. R. Mehta, a Gold Medallist in Metallurgy, and also a recipient of India's prestigious Metallurgist Award "India's Man of Metal", Mr T. R. Mehta established this company with an initial name 'Precision Equipments' to manufacture cold rolling mills and its related equipments. The company speeded up the cold rolling industry in India through development of indigenous and appropriate technology which otherwise would have depended on imports at prohibitive cost.

Flat Products Equipments Pvt. Ltd. was incorporated in 1986 and earned a reputation for itself in its field and went public in the year 1993. While searching for new technology and know-how FPE believed in partnership with foreign technology suppliers to enable itself to effect necessary modifications and improvements to suit different conditions. As the industry grew in size and complexity, the company redefined its business to include broader spectrum of cold rolling mills, processing lines and auxiliary equipments.Today, Flat Products has grown to a multi-product, designing, manufacturing and contracting organisation with a turnover of Rs.1800 Million ( US $ 39 Million ), employing about 350 people.

Flat products Equipment (I) Pvt. Ltd became the first and only company in India to export cold rolling mills to Europe, USA, Korea, China, Mexico. and other developing countries of the world - not only earning valuable foreign exchange but also saving the outflow of foreign exchange by import substitution and working towards making India self reliant and proud in the international market. This success is the result of the ceaseless pursuit of excellence in our endeavour and painstaking efforts of our team, earning a credible reputation for our organisation in the international market.


OPERATIONS

During the year it has achieved turnover of Rs.529.32 Crores against the preceding years of Rs.295.27 Crores. The Sales includes export sales of Rs.342.84 Crores against previous years Rs.211.09 Crores

The companys main thrust have been exports and have exported to countries like Colombia, UAE, China, Koria

Malaysia, Morrocco, Turkey, Bangladesh, Egypt, Kenya, Iran, Vietnam, Japan & Ethiopia during the year. The profit after tax for the year is Rs. 15.29 Crores against Rs.2.18 Crores for the previous year.

and it has paid 100% dividend

for the firest half it has posted 229.4 cr turnoverand made profit of 7.69.as againest 152.4cr turnover and1.84 cr net profit

so i am expecting this year 750 cr tunover and profit of 25 cr net profit

you know Free cash flows are at 32.87cr and bank balance is19cr.

expecting bonus or 200% div from this company .so buy for next 4months (for full year) u will be rewarded by 100% profit .


only negitive for this company is
07 06 05 04 03 YEARS
Sundry Debtors 137.64 115.54 78.48 83.37 65.27 CR.