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Precision Camshafts History
BSE:539636 | NSE:PRECAMEQ | IND:Auto Ancl - Others | ISIN code:INE484I01029 | SECT:Auto Ancillaries
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The Company History page lists out the major events in chronological order for Precision Camshafts Ltd.
| Company History - Precision Camshafts Ltd. | ||
| The Company was incorporated as ‘Precision Camshafts Private Limited’ on June 8, 1992 under the Companies Act 1956, with the Registrar of Companies, Maharashtra at Mumbai. Pursuant to a resolution of the shareholders dated June 21, 1997, the Company was converted to a public limited company, and accordingly the name was changed to ‘Precision Camshafts Limited’ and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar of Companies, Maharashtra at Mumbai on August 1, 1997. the Company was initially registered under the Registrar of Companies, Maharashtra at Mumbai, however a new office of the Registrar of Companies was opened at Pune on the May 1, 1998 to meet the requirements of the corporate sector and the general public in and around Pune. Subsequently, the Company came under the purview of Registrar of Companies, Maharashtra at Pune. Major Events : 1992 -Incorporation of the Company 1997 -Expanded the machine shop and foundry operations pursuant to an investment by a private equity investor Commonwealth Development Corporation, United Kingdom (“CDC”) -Subscription of 66,360 equity shares of the Company by Nandi Investments Limited, a private equity investor 1999 -Signed a technical and financial joint venture with G. Clancey Limited, United Kingdom, a European manufacturer of camshafts -Incorporation of a joint venture company, Clancey Precision Components Private Limited (“CPCPL”) with G. Clancey Limited to manufacture 1,800,000 camshaft castings per year as an Export Oriented Unit (“EOU”) -Merger of Precision Shellcast Limited (“PSL”) with the Company pursuant to a scheme of amalgamation as approved by an order of the High Court of Bombay dated February 11, 1999 2006 -Acquired 100% ownership in CPCPL by acquiring the stake of its joint venture partner G. Clancey Limited, United Kingdom thereby changing the name of such company to Precision Valvetrain Private Limited (“PVPL”) 2007 -Purchase of 123,197 equity shares of the Company held by Nandi Investments Limited, a private equity investor by TML Financial Services Limited 2008 -Merger of PVPL with the Company pursuant to a scheme of amalgamation as approved by an order of the High Court of Bombay dated February 1, 2008 -Transfer of 123,197 equity shares by TML Financial Services Limited to Tata Capital Limited pursuant to a deed of adherence dated February 26, 2008 -Purchase of 39,919 equity shares of the Company by Tata Capital Limited pursuant to a Share sale and purchase and Shareholders Agreement dated July 31, 2008 2011 -Incorporation of the wholly owned subsidiary ‘PCL (Shanghai) Company Limited’ in China 2012 -Signed a joint venture agreement with Shenglong Automotive Powertrain Company Limited, China for setting up a camshaft machining facility in China 2013 -Signed a joint venture agreement with Shenglong Automotive Powertrain Company Limited, China and ZMM Technology Limited, to set up a Foundry for manufacturing 4,000,000 camshaft castings per annum at Huzhou in China -Transfer of 80,394 equity shares by Tata Capital Limited and therefore exit from the Company 2014 -An exclusive agreement with EMAG, a German machining and tooling process company, for transfer of certain know-how and technology for manufacturing of assembled camshafts Awards, certifications and recognitions : 2007 -Received ‘Indian Exporters Excellence Award’ from Dun and Bradstreet India -Received ‘India Western Region Award’ from Export Promotion Council of India 2008 -Received ‘Excellence in Export Award’ in general category by DHL - CNBC TV18 -Received ‘Award for Outstanding Exporter in Engineering Category’ by DHL - CNBC TV18 -Received ‘Indian Exporters Excellence Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited for being the winner in the engineering goods sector under the small exporters category -Granted membership with Dun and Bradstreet -Received ‘Customer Relationship Award’ from Tata Capital Limited -Received ‘Indian Exporters Excellence Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited in small exporters category 2009 -Received ‘Excellence in Exports Award’ in silver category by Automotive Component Manufacturers Association of India -Received ‘Excellence in Exports Award’ in gold category by Automotive Component Manufacturers Association of India 2011 -Received ‘JRD Tata Udyog Ratna Award’ by Maharashtra Rajya Audyogik Vikas Parishad 2013 -BS OHSAS 18001:2007 certification issued by TUV SUD Management Service GmbH -ISO 14001:2004 certification issued by TUV SUD Management Service GmbH -Received ISO / TS 16949 : 2002 certification issued by TUV SUD Management Service GmbH -Received ISO/TS 16949:2009 certification issued by TUV SUD Management Service GmbH -Granted Automotive Component Manufacturers Association of India Membership 2014 -Received ‘Pitstop Overall Performance Award’ by Maruti Suzuki 2015 -Received ‘Best Overall Exporter Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited Indian Exporters’ Excellence Awards under the medium exporters category -Received ‘Best Manufacturer Exporter Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited Indian Exporters’ Excellence Awards under the medium exporters category 2016 -Precision Camshafts are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities. | ||
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Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
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