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0.4 (4.32%)| 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.
SCHLAFHORST ENGINEERING (INDIA) LIMITED, (SEIL) was promoted by
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
machinery.
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
collaboration
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.
PRESENT BUSINESS OF THE COMPANY
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.
2007
-Schlafhorst Engineering India Ltd has has appointed Mr. Suraj Lal
Mehta as an Independent Director of the Company with effect from
October 31, 2007.
2008
-Schlafhorst Engineering India Ltd has appointed Mr. Leen Osterloh
has as Director of the Company.
2011
-Company has changed its name from Schlafhorst Engineering (India)
Ltd. to Integra Engineering India Ltd.
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| Source : Dion Global Solutions Limited | |
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