you are here:

Samkrg Pistons and Rings Ltd.

BSE: 520075 | NSE: | Series: NA | ISIN: INE706B01012 | SECTOR: Auto Ancillaries

BSE Live

Nov 26, 16:00
156.00 -2.80 (-1.76%)
Volume
AVERAGE VOLUME
5-Day
5,529
10-Day
5,430
30-Day
7,049
6,234
  • Prev. Close

    158.80

  • Open Price

    164.00

  • Bid Price (Qty.)

    150.00 (56)

  • Offer Price (Qty.)

    153.95 (100)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Samkrg Pistons and Rings is not listed on NSE
Company History - Samkrg Pistons and Rings
YEAR                       EVENTS
 1985 - The Company was incorporated on 30th March, at Hyderabad as a
        public limited company and obtained the Certificate of
        Commencement of Business on 18th July, 1985.  It was promoted
 by
        R.J. Yata and S.D.M. Rao alongwith Andhra Pradesh Industrial
        Development Corporation Ltd. (APIDC).  The Company
 manufacture
        pistons and piston rings used in two-wheelers,
 three-wheelers,
        four-wheelers and internal combustion engines.
 
      - The Company entered into a technical collaboration agreement
 with
        Cheng Shing Piston Co., Ltd., Taiwan (Cheng Shing) to
 manufacture
        pistons and piston rings.  Under the agreement, valid for six
        years from the date of commencement of commercial production,
 the 
        collaborators were to provide updated technology for casting,
        machining, and finishing of pistons and manufacture of piston
        pins.  The agreement also covers supply of designs, drawings
 and
        specifications of plant and machinery.
 
      - The Company undertook a project to set up a plant at
 Bonthapalli
        in Medak district of Andhra Pradesh for the manufacture of
 six
        lakh piston and piston pins per annum as per specifications
 of
        two/three/four wheelers and IC engines by installing three
        production lines with a capacity of two lakh numbers each. 
 Two
        of the three production lines were commissioned on 20th
 October,
        1988.
 
      - The Company also installed two generators having total
 capacity
        of 250 KVA as a stanby arrangement.
 
 1987 - 10,30,000 shares taken by promoters and 2,00,000 shares
 allotted
        to APIDC.
 
 1988 - The Company developed 21 models of piston assemblies with 80
        ranges and established supplies to original equipment
        manufacturers of two wheelers & stationery engines of
        Japanese/Italian/European technologies.
 
      - As a part of import substitutions plan, the Company
 successfully
        developed piston assemblies for Kinetic Honda Scooters, LML
 Vespa
        Scooters, Hero Honda motor cycles and Birla Yamaha
 generators.
 
      - 14,00,000 shares issued at par of which the following shares
 were
        reserved for preferential allotment:
 
      - (i) 2,80,000 shares to NRIs on repatriation basis (only
 22,600
        shares taken up) and (ii) 1,32,500 shares to employees/workers
 of
        the Company (none were taken up).  The balance 9,88,500
 shares,
        along with the unsubscribed portion of 3,88,900 shares out of
        preferential quota were offered for public subscription in
        December 1988.  Additional 2,06,200 shares allotted to the
 public
        to retain oversubscription.
 
 1992 - 1,40,000 No. of equity shares issued at par to promoters,
        directors etc. on conversion of unsecured loans.  35,70,800
        rights equity shares issued (Prop. 1:1).
 
      - New piston ring assemblies were developed for Kinetic Honda,
        Bajaj Scooters and 3 Wheelers, LML, TVS and Piston assemblies
 for
        Bajaj 125cc, TVS 100cc, LML and KG 8T for Kinetic Honda and
        Piaggio for export.
 
 1993 - The Company achieved 99% capacity utilisation for pistons. 
 New
        piston ring assemblies were developed for Kinetic Honda,
 Bajaj
        Scooters and 3 Wheelers, LML, TVS and Piston assemblies for
        Bajaj 125cc, TVS 100cc, LML and KG 8T for Kinetic Honda and
        Piaggio for export.
 
 1994 - The Company successfully developed sophisticated piston ring
        assemblies to meet the requirements of highly fuel efficient
        Bi-wheelers as per DIN and JIS specifications like IKA and
        DUCTILE IRON (KVI) and supplies to world denouned Bi-wheelers
        companies, Bajaj Auto, Kinetic Honda, LML, TVS Suzuki, Hero
 Group
        and Piaggio.
 
 1995 - The Company achieved 141% capacity utilization of piston
 plant.
        The Company developed sophisticated piston ring assemblies to
        meet the requirements of highly fuel efficient Bi-wheelers as
 per
        DIN & JIS specifications like IKA and DUCTILE IRON (KVI) and
        supplied to world denounced Bi-wheelers companies, Bajaj Auto,
 
        Kinetic Honda, LML, TVS Suzuki, Hero Group and Piaggio.  The
        Company achieved 135% capacity utilisation of Piston plant.
 
      - The Company expanded its Piston plant capacity from 6 lakh
 Nos.
        to 9 lakh Nos. per annum.
 
      - The Company allotted 1,40,000 No. of equity shares at par to
        promoters and their relatives in lieu of interest free
 unsecured
        loans outstanding from them.  29,76,200 No. of equity shares
 at
        par issued as rights in the proportions of 1:1.  Another
 1,48,810
        No. of equity shares issued to the employees of the Company.
        Additional 4,46,300 shares were issued to retain
 ovesubscription.
 
      - 32,73,500 rights shares issued in prop. 1:2.
 
 1996 - The Company achieved 111% capacity utilisation and
 successfully
        developed sophisticated piston assemblies and piston rings to
        meet the requirements of highly fuel efficient engines
 meeting
        pollution norms of Bi-wheelers.
 
      - The Company expanded its Piston plant capacity located at
        Bonthapally from 9 lakh Piston Assemblies to 14.5 lakhs
 Piston
        Assemblies per annum.
 
      - The Company further expanded and set up another piston plant
 with
        a capacity of 5.50 lakh piston assemblies per annum located
 at
        Arinama Akkivalasa, Srikakulam - A.P.
 
 1997 - The Company achieve 101% capacity utilisation of piston
 plant.
 
 1998 - The Company has expanded its Rings Plant located at
        Phdibhimavaram achieving a 81% capacity utilisation.
 
 2001
 
 -Samkrg Pistons and Rings Ltd (SPRL) has entered into a supply
 agreement with Honda Motorcycles and Scooter India (P) Ltd.
 
 2004
 
 -Samkrg Pistons and Rings Ltd has been certified for Quality
 Management System (QMS) under ISO/TS 16949:2002 by Underwriter
 Laboratories Inc of the US.
 
 2005
 
 -Samkrg Pistons has recommended dividend 50%
 
 2006
 
 -Samkrg Pistons has recommended Dividend 30%
 
 2007
 
 -Samkrg Pistons has recommended Dividend 35%
 
 2008
 
 -Samkrg Pistons has recommended Dividend 35%
 
 2009
 
 -Samkrg Pistons has been accredited with ISO 14001 : 2004 for
 Environmental Management System and BSI - OHSAS 18001: 2007 for
 Occupational Health and Safety Management System.
 
 2010
 
 -Samkrg Pistons has recommended Dividend 40%
 
 2011
 
 -Samkrg Pistons has recommended Dividend 45%
 
 2012
 
 -Samkrg Pistons has recommended Dividend 35%
 
 2013
 
 -Board has recommended a Dividend 25% i.e. Rs. 2.50 per equity share
 for the year 2013.
 
 2014
 
 -Board has recommended a Dividend of Rs.2.50/- per equity share of
 the face value of Rs. 10/- each i.e. 25% for the year 2014.