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Integra Engineering India > Company History > Textiles - Machinery > Company History of Integra Engineering India - BSE: 505358, NSE: N.A
Integra Engineering India
BSE: 505358|ISIN: INE984B01023|SECTOR: Textiles - Machinery
Apr 17, 13:24
-0.24 (-1.99%)
VOLUME 11,448
Integra Engineering India is not listed on NSE
Company History - Integra Engineering India
The Company was incorporated as Padmatex Engineering Private Limited
 in the State of Maharashtra on 3rd June 1981.  Pursuant to provisions
 of Section 23 of the Companies Act, 1956 and the Special Resolution
 passed by the Company at its Extra-Ordinary General Meeting held on
 29th March, 1982 the Company was converted into public limited
 company and fresh certificate of change of name was received on 3rd
 June, 1982.  The name of the Company was subsequently changed to
 Schlafhorst Engineering (India) Limited and a fresh certificate of
 incorporation consequent
 on change of name was obtained from the Registrar of Companies,
 Maharashtra at Mumbai on 10th October, 1994. The Registered Office of
 the Company was shifted to Vadodara as confirmed by the Company Law
 Board, Western Region Bench, Mumbai (CLB) by its order dated 23rd
 November, 1995.  The Registrars of Companies of Maharashtra and
 Gujarat have registered the Order of the CLB on 12th January, 1996
 and 1st February, 1996 respectively.
 The Company has obtained Industrial Licence No. CIL : 212 (82) dated
 21st June, 1982 from the Central Government for the manufacture of
 200 nos.  Automatic Cone Winding Machines (Autoconers).  The licensed
 capacity of Autoconers was increased to 300 nos. by Licence No.2.33/87
 -IM(I) dated 14th February 1989.  The Company also obtained sanction
 vide letter No. TXM/1399/VOL.I.96 dated 7.1.1985 for manufacture of
 170 nos. Draw Frames and Speed Frames, which was later amended to 250
 nos. vide letter no. 6(46)BB/87/TXM/251 dated 30th July, 1990.  Copies
 of these licences are open to public inspection at the Registered
 Office of the Company.
 The Company has received approval for foreign collaboration with RVG,
 Germany vide letter no. FC.II.216(90) dated 1st September, 1991 which
 was later amended vide letter of even no. dated 24th March, 1992 for
 payment of royalty and vide letter no. FC.II:491(93)/541(93) dated
 21st December, 1993 for Equity participation upto 51% from the
 Secretariat for Industrial Approvals, Department of Industrial
 Development, Ministry of Industry, Government of India. 
 Mafatlal Industries Limited as Padmatex Engineering Private Limited
 in technical and financial collaboration with RVG, Germany - a
 holding company of W.
 Schlafhorst AG & Co., Germany, and a part of the Saurer AG Group,
 Switzerland, for the manufacture of highly sophisticated textile
 The Company set up its plant at Halol, Panchmahal district, Gujarat
 for the manufacture of textile machineries viz. Automatic Cone
 Winding Machine, Warping Installations in 1983.  The Company
 commenced commercial production in the last quarter of 1983.  In
 1984, the Company acquired a working plant situated in Vadodara from
 Mafatlal Engineering Industries Ltd., to enable it to increase its
 manufacturing capacity to meet the growing demand for the textile
 machinery.  A new product - High Speed Draw Frame was also introduced
 in its product range in 1985.
 During 1990, the Company entered into a technical collaboration with
 Reifenhauser GmbH, Germany, for the manufacture of sophisticated
 Plastic Processing machinery viz.  Extruders and Extrusion Systems
 with the approval No. FC.II.52(90)/493(89) Amend dated 25th October,
 1990 of
 Secretariat for Industrial Approvals, Department of Industrial
 Development, Ministry of Industry, Government of India.  The Company
 has issued 5,84,000 Equity shares of Rs.10 each at par to
 Reifenhauser as part of the collaboration agreement.  However, the
 agreement was terminated by mutual consent w.e.f 1st January, 1995,
 as the Plastic processing machinery business was not compatible with
 the core business strategy and long-term goals of the Company under
 the new management of RVG.  However, Reifenhauser still continues to
 hold the
 Equity Shares issued to it.
 In 1994, the management control of the Company was passed on to RVG,
 Germany the Company's collaborator, when their stake in the Equity
 Share Capital of the Company was increased to 51% of the total
 paid-up capital of the Company through issue of fresh capital and
 consequently the
 name of the Company was changed from Padmatex Engineering Ltd. to
 Schlafhorst Engineering (India) Limited with effect from 10th
 October, 1994.
 The Company is presently manufacturing, in technical collaboration
 with RVG, Germany new generation Automatic Cone Winding Machine with
 high degree of automation capable of providing better package size
 and quality, increased production and reduced winding cost; Draw
 Frames Model 720M and Speed Frames as per the technical
 specifications of
 Zinser Textilmashinen GmbH, Germany at its plants located at Halol
 and Vadodara.  The Company has received ISO 9002 certificate for its
 factories at Halol and Vadodara for establishing and applying a
 quality system for textile machinery from TUV- Zertifizierungs
 gemeinschaft e.V. dated 3.2.1995.
 -Schlafhorst Engineering India Ltd has has appointed Mr. Suraj Lal
 Mehta as an Independent Director of the Company with effect from
 October 31, 2007.
 -Schlafhorst Engineering India Ltd has appointed Mr. Leen Osterloh
 has as Director of the Company.
 -Company has changed its name from Schlafhorst Engineering (India)
 Ltd. to Integra Engineering India Ltd.                               
Source : Dion Global Solutions Limited
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