Birla Machining & Toolings Ltd.

The Company was incorporated on 4th May, 1965 in technical and
 financial collaboration with Oswald Forst GmbH, West Germany and
 their nominee Delt-Deutsch Finanzierungsgesellschaft fuer
 Beteiligungen in Entwicklungslandem GmbH, West Germany. The Company
 commenced business on 21st July, 1965. It was the pioneer in the
 manufacture of broaches (tailor-made precision tools) in the country.
 The manufacturing facilities were set up in Thane, Maharashtra in
 1966.
 
 Subsequently in  1975, the Company expanded its capacity for the
 manufacture of broaches by setting up a new unit at Aurangabad in
 Maharashtra. It also set up additional facilities at Aurangabad in
 1977 to manufacture gauges in the U.K. in 1979 the Company started
 manufacture of metal slitting saws at Aurangabad.
 
 The Company's public issue during February 1985 was made with the
 objective of reducing the non-resident equity holding in the Company
 and to raise finds to augment the long term resources.
 						
 History and Major Events
 
 Dagger Forst Tools Limited (DTFL), a part of Yashovardhan Birla
 Group
 is engaged in the manufacture of highly specialized cutting tools
 viz.
 broaches, hobs, shaper cutters & shaving cutters (gear cutting
 tools).
 
 DFTL was incorporated in the year 1965 to set up a Broach
 manufacturing
 plant at Thane in Maharashtra in technical collaboration and equity
 participation with Oswald Forst GmbH of Germany and their nominee
 German Investment and Development Company.
 
 In order to cater to the increased market demand for Broaches, the
 company set up another plant in 1975, at Aurangabad in Maharashtra.
 
 The Company, as part of its diversification plans, set up another
 plant
 at Aurangabad in Maharashtra for manufacturing gauges in
 collaboration
 with W. Forst, England, in the year 1977, which was followed by
 another
 plant to manufacture slitting saws in the same Industrial Area.
 
 In 1984, the Company purchased a plant at Aurangabad where gear
 cutting
 tools and built up hobs are manufactured. The said plant had the
 technical collaboration with Klingelnberg Sohne of Germany.
 Aurangabad
 is also the venue for the gear cutting tools and built-up hobs
 manufacturing units which had collaboration with Klingelnberg Sohne
 of
 Germany and the expertise for the manufacture or shaving cutters
 came
 from M/s Samputensili SpA of Italy.
 
 All the collaborations mentioned above i.e. with Oswald Forst GmbH,
 W.
 Forst, Klingelnberg Sohne and Mis. Samputensili SpA has been
 expired.
 For brief details of collaborations, please refer the heading
 Collaborations on page 48 of this Offer Document.
 
 The Company has obtained ISO Certification at all its manufacturing
 locations.
 
 In 1997-98, DFTL has strategically promoted Birla Peruchhini Limited,
 a
 joint venture with Kinglor and Fonderia Perucchini of Italy, to
 manufacture precision molded castings for automobile and engineering
 industry. This company has financial investment from IL&FS Venture
 Corporation (IVC). This company has its manufacturing unit at
 Aurangabad and has recently commenced commercial production.
 
 In 2005, the Company has set up new Unit No. VI at Gandhidham, Bhuj
 for
 manufactures of existing products viz. Broaches, Gear Hobs, Shaving
 Cutters etc.
 
 Major events in the History of the Company:
 
 1965         Incorporation, in Technical Collaboration with Oswald 
              Forst GmbH of Germany
 
 1966         Commenced Production of Broaches which was import 
              substitute in technical collaboration with M/S Oswald
 Forst 
              GmbH West Germany
 
 1972         Received letter of intent for expansion of capacity 
              from 4800 broaches per annum to 9000 broaches per annum
 
 1972         Received Industrial License to manufacture 20 Broach 
              Sharpening Machines
 
 1974         Set up a new unit at Aurangabad, Maharashtra for 
              manufacture of Broaches
 
 1974         Company sold its first broach sharpening machine
 
 1977         Set up one more unit at Aurangabad, for manufacture of 
              Gauges in technical collaboration with M/S W.Forst  
              Engineers Ltd. England and for manufacture of metal 
              slitting saws
 
 1983         The technical collaboration with W. Forst Engineers Ltd.
 
              got expired
 
 1985         Company came out with first public issue and also
 acquired 
              Aurangabad unit of Indian tool Manufactures
              a division of Zenith Steel Pipes & Industries Ltd 
              manufacturing Gear Cutting Tools as a going concern.
 
 1986         New facilities set up at Aurangabad for manufacture of 
              built-in hobs for the first time in India with
              German technology and shaper cutters with Italian 
              technology
 
 1992         Company implemented modernisation and renovation
 programme.
 
 1993         The technical collaboration with Oswald Forst GmbH, 
              Germany got expired
 
 1996         Implemented expansion and modernisation of existing
 plants
 
 1997         New facilities set up at Aurangabad for manufacture of 
              shaving cutters in collaboration with Samputensili,
              Italy.
 
 2000         ISO 9001:1994 Certificate awarded for Thane as well 
              as Aurangabad Units.
 
 2003         ISO 9001:2000 Certificate awarded for Thane as well 
              as Aurangabad Units.
 
 2005         The Company has set up new Unit No. VI at Gandhidham for
 
              manufacture of existing products viz. Broaches, Gear
 Hobs, 
              Shaving Cutters etc.
 
 2006
 -The technical and commercial collaboration with Samputensili S.p.a
 got expired
 
 2007
 -The company has issued rights in the ratio of 5:7 at a premium of Rs
 23 per share.
 -Birla Machining & Toolings Ltd Issues Rights in the Ratio of 5:7
 
 2010
 -Company has changed its name from Dagger-forst Tools Ltd. to Birla
 Machining & Toolings Ltd.                                           
 
                                                    
 2011
 - Birla Machining & Toolings Ltd have approved the Scheme of
 Amalgamation of Birla AccuCast Limited and Birla Machining & Toolings
 Limited (formerly Dagger Forst Tools Limited) (Transferor Companies)
 with Birla Precision Technologies Limited (Transferee Company).