Bosch Rexroth India Ltd.

YEAR                                                          EVENTS
 1974 - The Company was incorporated on 18th February at Ahmedabad. 
 The 
             Company was promoted by Mr. Yogesh T.Maneklal and
 SLM-Maneklal
              Industries Ltd.   It manfufactures hydraulic equipments
 and systems.
 
           - The Company entered into technical and financial
 collaboration agreement 
              with G.L. Rexroth GmbH, West Germany, for the
 manufacture of hydraulic 
              equipments.  Under the agreement the collaborators were
 to provide the 
              technical know-how, manufacturing rights and continued
 technical assistance 
              for the manufacture of hydraulic equipments. 
 
           - The company was to pay them royalty at the rate of 4%,
 subject to Indian taxes 
              on the net in-factory sale prices of the products, less
 the landed cost of all 
              imported components including freight, insurance, and
 customs duty, payable
               thereon.  
 
 1989 - The collaborators also agreed to subscribe the 2,62,500 No. of
 equity shares 
               of Rs 10 each of the Company. 
 
           - The Company  turnover improved to Rs 12.46 crores
 representing a growth 
              of 36% over the annualised figures of the previous year.
  This improved 
              performance was attributed to improved efficiency in
 operation and 
              indigenisation of imported components.
 
 1990 - The company undertook the third phase involving a capital
 layout of Rs 150 
              lakhs, Under the on going modernisation programme, it
 also installed three
              more sophisticated CNC tools.
 
 1991 - The Company has  to set-up an Assembly-cum-Manufacturing Unit
 in T.T.C. 
               Industrial Area, MIDC, New Bombay.  
 
            - Tthe Company proposes to issue Secured Non-Convertible
 Debentures to the 
              extent of Rs. 100 Lacs and ìplace them privately with
 the Financial Institutions. 
 
            - The Company has issued 7,50,000 No. of Equity Shares of
 Rs. 10/- each for cash
              at par, by way of Rights to augment the long term
 resources of the Company for 
              meeting its Working Capital Requirements and to part
 finance the normal Capital
              Expenditure.
 
 1992 - The Company's Collaborators Mannesmann Rexroth GmbH, Germany
 who
               presently holds 35% of the paid-up Capital of the
 company, has agreed in 
               principle to increase its equity holding to 51% of the
 Paid-up Capital by 
               subscribing to the requisite number, of Equity Shares
 at a price of Rs.35/- per share.
 
             - 7,42,500 No. of Equity Shares of Rs  10/-  each  at  a
 premium  of  Rs 25/- per 
               share were allotted  to  M/s  Mannesmann Rexroth  GmbH,
 Germany, on 31st 
               October, so as  to  increase its  Equity Holding in the
 Company to 51% of the 
               Paid-up  Capital 7,500  No. of Equity  Shares  at the
 same price  were  allotted 
               to  the employees  of the Company on 31st October, to
 round  up  the 
               Paid-up Capital to Rs 300 Lacs.
 
 1993 - The  Company  has been appointed as its Exclusive  Agent  by 
 M/s Deutsche  
              Star  GmbH,  Schweinfurt, Germany for  sale  of  Linear
 Motion products and 
              systems. 
 
           - The Company held 1,75,000 No. of Equity Shares of Rs 10/-
 each in M/s CG 
              Hartmann  &  Braun Limited, New Delhi. 
 
 1994 - The Company has been appointed as the exclusive Agents by
 INDRAMAT GmbH,
              for sale of AC and DC Motors.
 
          - The Company proposes to issue 15,00,000 No. of equity
 shares of Rs.10/- each for 
             cash at a premium of Rs.25/- per share on Rights basis to
 the existing Shareholders 
             of the Company in the proportion of one share for every
 two shares held.
 
           - The name of the Company changed to Mannesmann Rexroth
 (India) Ltd.
 
 1995 - With the over all improvement in the Industrial growth and
 economy in general, 
              comfortable order book position and contribution from
 the EOU Project being 
              set-up by the Company.
 
 1997 - Preferential issue of 7,99,600 No. of equity shares of the
 Company of Rs. 10/- 
              each for cash at a price of Rs. 59/- per equity share. 
 
            - Mr. R.N. Mafatlal, the Chairman of the Board of
 Directors of the Company 
             resigned as Director of the Company on 23rd July.
 
           - Mr.S. Gandhi resigned as the Managing Director of the
 Company with effect from 
              31st March.
 
           - Mr. W. Wagner has assured the office of the Managing
 Director of the Company 
             with effect from 1st April.
 
           - The Commercial production of 100% Export Oriented Unit
 commenced.
 
 1998 - The Company proposes to set up a design Center at its
 Ahmedabad works.
 
            - Dr. W. Philipp was appointed as a Director in the casual
 vacancy caused by the 
              Resignation of Dr. Dietmar Straub.
 
 1999 - Dr. Albert Hieronimus and Dr. Dietmar Straub resigned as
 Directors of the 
             Company with effect from 23rd January.
 
          - Mr. Heribert Ott was appointed as a Director with effect
 from 23rd January.
 
          - The Company has successfully implemented a Voluntary
 Retirement Scheme
             to reduce the excess man-power at the Navi Mumbai, Vatva
 Plants and offices.
 
          - The Company undertakes jobs for development of designs
 relating to engineering
             by using computer-aided design (CAD) techniques, in
 particular PRO/ENGINEER.
 
          - Dr. H. Geis resigned as a Director of the Company with
 effect from 24th November.
 
          - The manufacturing plants at Ahmedabad (including the
 Export Oriented Unit) and the 
            Sales Branches at Ahmedabad, Bangalore, Calcutta, Delhi
 and Mumbai have received
            the TUV CERT, ISO-9001 CERTIFICATION by RWTUV of Germany
 with validity
            until October, 2002.
 
 2000 - The company has signed an Agreement for transfer/assignment of
 
              leasehold land along with building, factory shed, etc.