Hilton Metal Forging Ltd.

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History of Hilton Metal Forging Ltd.

The Promoter of Company, Mr. Yuvraj Malhotra has started the business by setting up of proprietorship firm on 13th September 1997 .The Firm started its activities by effecting first shipment in the year January 1998 for Rs. 7.45 Lakhs by outsourcing the forged components & continued its operations by setting up small machining division on lease basis at Vasai Industrial Estate till 1999. The Firm was registered as a Small Scale Industry unit in the year 1999 & it started manufacturing Pipe fitting items like Stainless Steel Flanges and Stub Ends in various size ranging from 1/2th to 10'. On 1st August 2003 the Partnership Firm under the name 'M/s Hilton Forge' took over the business of proprietorship firm. Further, the partnership firm was converted into a Public Limited Comp. under the name Hilton Metal Forging Limited on 21st July 2005 under Part IX of Comp. Act, 1956.

At present the Comp. has a total installed capacity of 11,100 MT per annum & can execute orders for a wide range of forgings weighing from 0.5 kg [1.10 lbss] to 750 kg [1650 lbss]. The Comp. specializes in the manufacture of forgings for oil, petrochemical, pharmaceutical & automobile industries & is also planning to manufacture for other Original Equipment Manufacturers [OEMss]. The Comp. has also received quality excellence Certificate from one of major customer from UK and slowly expanded its activities by including other customers from Europe & other Asian countries.

After having a 9 years experience in the field of Export of forged components to various manufacturers and distributors in USA, UK, European & Middle East countries, the Comp. has decided to go for expansion in forging technology while putting up Forging Presses, Ring Rolling to capture the market of Oil & Gas industries.

MAJOR EVENTS IN THE HISTORY OF THE COMPANY

Year Major Events

1997 Successful in getting the first Export Order in the month of October 1997 & the same was executed in the month of December 1997. Started its export business with a turnover of Rs. 7.45 Lakhs in 1997 1998 Installed one Cutting machine alongwith three drilling machines for cutting & drilling of flanges & achieved a turnover of Rs. 48.00 Lakhs. 1999 Started manufacturing activity at a very small scale with addition of couple of Lathes & have achieved turnover of Rs. 179.00 Lakhs. 2000 Created own manufacturing base at Wada by investing Rs. 85 Lakhs & achieved turnover of Rs. 289.00 Lakhs. 2001 Installation of CNC Machines to increase the production capacity & timely deliveries. & has an achieved turn over of Rs. 510.00 Lakhs. 2002 Received ISO 9001 Certification for manufacture & sale of closed die Forgings, flanges & fittings in various stainless steels grades, alloy steel & carbon steels. Also fulfilled the requirement of AD 2000 - Merkblatt W 0 & got right to issue test certificates 3.1 B according to EN 10204 also achieved turnover of Rs. 905.00 Lakhs. 2003 Obtained Canadian Registration & Pressure Equipment Directive [PEDs] Certificate. Also increased the installed capacity by adding Balancing equipment for post forging operation & achieved turnover of Rs. 1359.53 Lakhs. 2004 Invested Rs. 450.00 Lakhs towards major expansion by installing 16 MT Hammer Thereby the installed capacity has increased to 10,000 tons per annum also achieved turnover of Rs. 2185.19 Lakhs. 2005 The Comp. was successful to get a marginal Anti dumping duty of 0.89 % on the export of Stainless Steel forged flanges to US market. The Comp. was also conferred with an Export Excellence Certificate for year 2003-2004. Commenced the commercial production on 16 ton Hammer from September 2004 .The Comp. achieved a turnover of Rs. 3421.29 Lakhs. 2006 The Engineering Export Promotion Council has awarded the Company product as quality excellence. The Comp. has also received Certificate of Export Excellence Award for achieving highest export performance during 2003-04 amongst the SSI Exporters Steel Pipes, Tubes & Fitting.

2007

-Hilton Metal Forging Ltd has appointed as a Wholetime Director of Comp. with effect from August 01, 2007.

2008

- Hilton Metal Forging Limited has informed that Mr. Suryakant Mayani has been appointed as C F O of Comp. with effect from January 01, 2008.

-Hilton Metal Forging Ltd has informed that Mr. Ramprosad Ghosh, Whole time Director - Technical, has resigned from the Board of Directors of Company.Further the Comp. has informed that, Mr. Asgar Dalal, President-Technical, has replaced Mr. Ramprosad Ghosh.











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