Autoline Industries Ltd

Autoline Industries Ltd (AIL) (incorporated on December 16, 1996, as Autoline Stampings Private Ltd.) was initially set up in January 1995 as a partnership firm known as "Autoline Pressings" under Indian Partnership Act 1932, with a capital of Rs. 0.30 million & term loan of Rs. 0.15 million from State Bank of India and Cash Credit limit of Rs.0.05 million. AIL has grown into a medium sized engineering and auto ancillary Company, manufacturing sheet metal components, sub-assemblies and assemblies for large OEMs in the Automobile Industry.

We are engaged in Manufacturing various auto parts / sheet metal components for Passenger cars, Sports Utility Vehicles (SUV), Commercial vehicles, Two wheelers, Three wheelers, Tractors, etc. We are one of the prime vendors to various Automobile Companies like, TATA MOTORS LTD. (earlier TELCO), BAJAJ AUTO LTD, KINETIC ENGINEERING LTD, MAHINDRA & MAHINDRA LTD., FIAT (INDIA) PVT. LTD., WALKER EXHAUST (INDIA) PVT LTD (a Subsidiary of Tenneco, a fortune 500 U.S. company), etc. AIL is also exporting auto parts i.e. brake shoes for Mercedes Benz Trailers to Saudi Arabia, Dubai etc. Further negotiations are at various stages with various Detroit based Auto Component Makers for direct exports. Due to excellent quality in work, cost competitiveness, timely deliveries and State of the Art Tool Room with latest CAD / CAM facilities, the company has, in a short span, become prime vendor to all the reputed Auto Manufacturers in and around Pune. The turnover of the company has accordingly increased from a modest Rs. 6.30 million as on 31.03.1997 to a massive Rs. 1113 million as on 31.03.2006, in just 9 years time. All the manufacturing facilities have been certified as ISO/TS 19649: 2002 by TUV(Rh), Germany.

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Minda Industries Ltd.

Auto electrical parts manufacturer Minda Industries Limited (MIL) of the NK Minda Group is planning to invest Rs 250 crore on expansion, including acquisitions and a foray into vehicle battery production, for which it has tied up with Europe's leading automotive supplier FIAMM SPA of Italy. The target for the fiscal 2007-08 is to touch a turnover of Rs 1,000 crore and as a part of the strategy to achieve that we would be investing about Rs 250 crore on expanding MIL's activities. Apart from strengthening existing business of auto electrical components and diversifying into new product categories, the company was looking for acquisitions in both domestic and overseas market for medium-sized companies for which it has earmarked Rs 150 crore. Currently, the company is considering about three options in Italy, which would not only strengthen our existing product line but would also add some allied lines. In India also the company was looking for takeovers in allied auto electrical products. On the company's foray into vehicle battery manufacturing, he said the company has signed a technical collaboration with Europe's leading automotive supplier FIAMM SPA of Italy. The company will invest Rs 40 crore this year in setting up a battery plant at Pantnagar with a capacity of 4 million batteries per annum when fully operational. MIL is eyeing revenues of Rs 50 crore in the first full year of operation from the batteries and the projected revenues in the third year is Rs 125 crore. The company will be manufacturing batteries for the two wheeler and four-wheeler segments, incorporating the latest technological advances, including the Valve Regulated Lead Acid Battery (VRLA). The technical tie-up with FIAMM would provide MIL access to the former's technology for the product. The agreement also gives MIL the exclusive rights over FIAMM automotive batteries in India for sale as well as manufacture for the next 10 years. Moreover, MIL also gets the exclusive rights to market and export 2W/3W batteries around the world. The company has already invested Rs 80 crore in expanding the capacity of its Pantanagar facility which produces electrical parts for two-wheelers and cars. The capacity now stands at around one million motorcycle part per annum and about 300,000 car part a year.


inda Industries Ltd, the flagship company of the Rs 545-crore NK Minda Group, today announced its plans to set up a new plant in Uttaranchal to manufacture automotive batteries. The project, which is targeted at the two-, three- and four-wheeler segments, is in technical collaboration with FIAMM SPA of Italy. Minda would be investing Rs 40 crore in setting up the plant, the total annual capacity of which would be four million batteries. The plant is likely to be completed by December this year and production would commence in the last quarter of 2006-07. Minda shares a very strong relationship with FIAMM, which is a leading automotive supplier in Europe. Collaboration for the battery project also shows the confidence that FIAMM places in our group in terms of absorption of technology and delivering of products of global standards.

Minda will manufacture and market valve regulated lead acid batteries (VRLAs), a first for India; the battery is a sealed and leak-proof one that is completely maintenance-free. Minda expects to clock revenues of Rs 50 crore from its batteries business and has projected revenues of Rs 125 crore in 2009-10. While FIAMM would supply the technology, the agreement also gives Minda the exclusive rights over FIAMM automotive batteries in India for sale as well as manufacture for the next 10 years. The company also gets the exclusive rights to market and export 2W/3W batteries around the world.

Minda Industries plans to raise between Rs 200-250 crore for expansion purposes. The components company, which makes motorcycle switches and handlebars, would use part of the money to set up a new plant in Pantnagar, Uttaranchal the emerging auto hub. Besides greenfield expansion, the company is actively looking to acquire companies to set a global footprint. Minda Industries is the flagship company of the Rs 500-crore Minda group. Besides making switches for 2-wheelers, it also makes switches and horns for passenger cars. It will raise about Rs 200-Rs 250 crore to set up a new greenfield facility in Pantnagar to cater to the OEMs that are setting up plants there. The company expects to spend around Rs 80 crore on the plant to be set up in Pantnagar. It will set up new motorcycle handle bar assembly there. The company plans to start operations by December this year. The company has also set apart a separate sum for acquisitions. IT want to set up a global footprint. The company also plans to spend around Rs 25 crore in setting up a tool room and design centre. The money raised will be a mix of internal accrual and debt. It is also in talks with private equity investors to raise the rest of the money. But, It is also looking at raising FCCBs or GDRs to raise some money to fund our expansion plans. Early this year , the auto component maker had set up its greenfield plant in Indonesia to supply to OEMs like Honda, Yamaha, Suzuki and Kawasaki. It already has four manufacturing plants in Gurgaon, Pune, Hosur, Delhi & Aurangabad.

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corporate bodies holds19

public holds 11%

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JOINT VENTURE

The Company on January 11, 2007 had executed a Joint Venture Agreement (JVA) with Valeo Group, France for the manufacture of alternators and starter motors for passenger cars, commercial vehicles and other two or three wheeler vehicles and / or industrial applications. The JVA will be operated through proposed Joint Venture Company (JVC) namely Valeo Minda Electrical Systems India Pvt. Ltd., whose name has been approved by Registrar of Companies, NCT of Delhi & Haryana and the incorporation activities of JVC are in process

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1. xl telecom

2 voltamp transformers ltd

3. aegis logistic

4 oriental bank

5. minda industries watch some action in this

stocks 2watch for this quarter

1.glodyne tech-price -525- target-750

2.hindustan national glass price- 750 target 1300

3.elcerx price -310-target 450

4. oriental bank (o.b.c)- now 215- target 345

5. seshasayee paper 200 target 275

50 Interesting Real Facts

· Plastics take 500 years to break down.

· The total surface area of the Earth is 197 million square miles.

· Crocodile only animal & reptile that sheds tear while eating.

· The world’s deadliest recorded earthquake occurred in 1557 in central China, more than 830,000 people were killed.

· Angel Falls in Venezuela is the worlds highest waterfall, The water of Falls drops 3,212 feet (979 meters).

· The sunrays reached at the earth in 8 minutes & 3 seconds.

· 180 million nos. of Valentine’s Day cards exchanged annually, making Valentine’s Day the second-most popular greeting-card-giving occasion.

· 4% people drink cold drink daily.

· Traffic lights are being used before the invention of motor car.

· A normal person laughs five times in a day.

· Approximate 300 million film tickets are sold every year in India.

· A man says average 4850 words in 24 hours.

· Ketchup was sold in the 1830's as a medicine.

· Leonardo da Vinci could write with one hand and draw with the other at the same time.

· Bruce Lee was so fast that they actually had to slow a film down so you could see his moves.

· The original name for the butterfly was "flutterby"!

· By raising your legs slowly and lying on your back, you can't sink in quicksand.

· Mosquito repellents don't repel. They hide you. The spray blocks the mosquito's sensors so they don't know you're there.

· The first product to have a bar code was Wrigley's gum.

· The three most valuable brand names on earth: Marlboro, Coca-Cola, and Budweiser

· The average person falls asleep in seven minutes.

· The only domestic animal not mentioned in the Bible is the cat.

· A cockroach can live for 10 days without a head.

· Brains are more active sleeping than watching TV.

· There are more chickens than people in the world.

· The first owner of the Marlboro cigarette Company died of lung cancer.

· Intelligent people have more zinc and copper in their hair.

· The world's youngest parents were 8 and 9 and lived in China in 1910.

· Our eyes remain the same size from birth onward, but our noses and ears Never stop growing.

· The Mona Lisa has no eyebrows.

· Men can read smaller print than women, but women can hear better.

· The most common name in the world is Mohammed.

· TYPEWRITER is the longest word that can be made using the letters only on one row of the keyboard.

· You can't kill yourself by holding your breath.

· 111,111,111 x 111,111,111 = 12,345,678,987,654,321

· Question - This is the only food that doesn't spoil. What is this? Ans. - Honey

· A snail can sleep for three years.

· All polar bears are left handed.

· American Airlines saved $40,000 in 1987 by eliminating one olive from each salad served in first-class.

· Butterflies taste with their feet.

· Elephants are the only mammal that can't jump.

· In the last 4000 years, no new animals have been domesticated.

· On average, people fear spiders more than they do death.

· Shakespeare invented the word 'assassination' and 'bump'

· Stewardesses is the longest word typed with only the left hand.

· The ant always falls over on its right side when intoxicated.

· The cigarette lighter was invented before the match.

· It is physically impossible for pigs to look up into the sky.

· According to Genesis 1:20-22, the chicken came before the egg.

· Beards are the fastest growing hairs on the human body.

source: jothis4u.blogspot

Friends v/s Best Friends

Friend: calls your parents by mr. and mrs.
Best friend: calls your parents dad and mom.

Friend: has never seen you cry
Best friend: has always had the best shoulder to cry on

Friend: never asks for anything to eat or drink
Best friend: opens the fridge and makes herself at home

Friend: asks you to write down your number.
Best friend: they ask you for their number
(cuz! they can't remember it)

Friend: borrows your stuff for a few days then gives it back.
Best friend: has a closet full of your stuff

Friend: only knows a few things about you
Best friend: could write a biography on your life story

Friend: will leave you behind if that is what the crowd is doing
Best friend: will always go with you

Friend: would not to suggest their friends to see this page
Best friend: will suggest to must look this page, all of their online buddies

source: jothis4u.blogspot

Mangalore Chemical Fertiliser buy

The Karnataka cabinet has approved the proposal for petroleum, chemical and petrochemical investment region (PCPIR) to be developed in Mangalore," N. Yogish Bhat, Chairman, Karnataka State Industrial Investment & Development Corporation, and MLA from Mangalore, told Projectsmonitor."KSIIDC, the nodal agency for the project, has submitted a detailed pre-feasibility report to the Union government and is awaiting its approval," Bhat said. "We are likely to get the approval by December-end."The PCPIR project will be spread on approximately 90,000 acres of land in and around Konaje and Udupi in Dakshina Kannada district of which 7,000 acres will be kept aside as processing area.L&T and Ramboll Consulting Engineers Ltd have prepared a master plan for 300 sq. km extent of Mangalore PCPIR.Yogish Bhat remarked that the state had given approval for Mangalore SEZ which is to be developed by Mangalore Refinery & Petrochemicals Ltd on 271 acres, under PCPIR. By November-end, MRPL will finalise the project cost and tenders will be floated accordingly. However, the chairman did not disclose the estimated cost of the two projects."The proposed expansion of Mangalore Chemical Fertiliser projects will be part of phase-I of PCPIR (2008-2014) with many industrial projects coming up on about 600 acres. KSIIDC will also deal with the establishment of Mangalore SEZ with feedstock from MRPL," Bhat explained.Phase-II of PCPIR, expected to be carried out between 2015 and 2020, will envisages the development of a petrochemical and chemical cluster for pharma and fertiliser sectors.Mangalore, with its infrastructure facilities and links to ports, airports, railway stations, and NH-17 and NH 48, is an ideal location for PCPIR. Of the total area of land needed for the project nearly 22,475 acres have been identified and many villages of Udupi and Dakshina Kannada are being covered in the plan. Out of the total 90,000 acres, over 44,352 acres will be returned to villagers for rehabilitation, reconstruction and other activities.The Mangalore Port Trust is planning to enhance its cargo handling capacity from 38 million tonnes to 60 million tonnes at a cost of Rs 68.46 crore which will be useful when PCPIR is developed. The MPT is also planning to develop an all-weather port at Padubidri, near Udupi, at a cost of about Rs 700 crore.The villagers are of the opinion that though most of their land is considered barren, the project will affect environment, pollute groundwater and cause hardships to labourers who cultivable the land. As Mangalore is well-known for cultivation of paddy, betel nut, sugarcane etc., the project will force farmers to give up their land and move elsewhere.However, Yogish Bhat is confident of winning PCPIR for Mangalore even though four more states have contended for the project. The other states are Gujarat, Orissa, West Bengal and Andhra Pradesh.The Union Cabinet had approved the policy for setting up the petroleum, chemical and petrochemical investment region in March this year (see Projectsmonitor, March 19, 2007). The department of chemicals and petrochemicals initiated action for preparing a feasibility report on setting up mega chemical industrial estates in the country.Meanwhile, the state cabinet has also approved the Nandagudi SEZ on 5,000 acres in the rural part of Bangalore. Maskil Infrastructure Development Corporation has submitted the proposal for the SEZ and is awaiting the report of the high-power committee headed by the principal secretary.