ACTIVITIES: Manufacturers of shock absorbers of all kinds.
         
 GENERAL   : The Company was promoted by Hero cycles 
 (Pvt.  Ltd., Dayanand Munjal Investment (P) ltd.,Thakurdevi
 Investment (P) ltd., and Munjal Sales Corporation.Foreign 
 promotor was Showa Manufacturing Company Ltd.Japan with 26% equity
 participation, and Technical & Financial collaboration.Marketing  is
 done directly by Kinetic Honda Motors Ltd., Hero Honda Motors Ltd.,
 and Majestic Auto Ltd.
         
 1986-87: Early 1987  the Company set up a plant for the manufacture
 of 9,75,000 shock absorbers and 5,25,000 front fork per annum.
 Commercial production started on 11th March 1987. The company
 proposed to cater to the replacement market and also plans were in
 the offing to supply shock absorbers to 4 wheelers like cars, lcv's
 and trucks .
                     
 1987-88 : Company installed  machines for machining bottom case, a
 major component used for the manufacture of front forks.            
         
 1988-89 : A new telescopic shock absorber for sleek model of Hero
 Honda was developed by the company. The Company undertook the
 expansion plan for the manufacture of struts for 4 wheelers.
 Necessary arrangements were made to manufacture and supply window
 balancers for car and van from March 1989.
         
 1989-90: The was under pressure due to increase in the cost of
 imported raw materials, escalation in local raw material cost, etc..
 During the year the company commenced supply of unit back door
 balancer to Maruti Udyog Ltd. During the year production and suppply
 of struts for Maruti-1000cc  car commenced.   
         
 1991-92 : The Company  started  suppling 100% requirement of struts
 for Maruthi 800cc export model cars to be launched in the early 1993.
 Subject to approval from the company law board for amendment to their
 object clause, the company proposed to develop shock absorbers for
 industries other than automotive such as Xerox machine, washing
 machine, etc.
 
 2000 - The Company has entered into agreement with NSDL & CDSL for
        providing depository services.
 
 2001 - The Company has received notice from Enam Securities Pvt Ltd
 that it has furhter 
              acquired 90,000 shares of the company through the Bombay
 Stock Exchange.
 
 2003
 
 -Members approve for delisting of shares of the company from 4 stock
 exchanges ( Delhi, Kolkota, Ludhiana, and Ahmedabad).
 
 
 2004
 
 -Munjal Showa Ltd has informed that Delhi Stock Exchange has
 de-listed the company's securities with effect from December 10, 2003
 in response to their application for voluntary delisting of the equity
 shares.
 
 -Munjal Showa Ltd has informed that the shares of the company have
 been delisted from ASE w.e.f. March 31, 2004.