History of Numeric Power Systems Ltd.
Numeric Power Systems Limited has been incorporated as a Public Limited Comp. on 12th September, 1994 & obtained the Certificate of Commencement of Business on 21st September, 1994. It has its Registered and Corporate Office at 63, Cathedral Road, Madras.
The Comp. has been promoted for corporate conversion of existing non-corporate concerns of NUMERIC group namely M/s. Numeric Controls and Systems & M/s. Hi-Power Corporatio, both the entities having consistent track record, business connections & technical expertise.
The Comp. has continued to carry on the operations previously carried on by non-corporate concerns, with the confirmed orders & standing contracts on hand. Since the conversion into a corporate entity, the operations in the non-corporate entitles have been totally stopped, having been carried on by company, & the process of dissolution is awaited for completion of residual operations.
The Comp. has been established as the flagship of group, for manufacture of UPS systems, with all the existing group concerns/companies made as the ancillary units/contract manufacturing units to service the company.
The group is having the credit of designing specialised circuits for UPS Systems & power conditioners & of having been made the largest number of installations in the country. The Comp. has 8 regional, offices under its fold to market its product & a servicing network of 39 service centres manned by qualified technicians.
The Comp. is additionally supported on the technical front by Technical collaboration with M/s High Performance Drives Inc., USA for manufacture of high frequency MOSFET based UPS Systems & power conditioners.
The Comp. has been awarded the following ranks by SOFTDISK [Corporate Magazine of ACPs] in the Power Electronic Industry analysis carried out by them. [Source: SOFTDISK Volume: V - 001, Feb-Mar '96s].
Category Rank
UPS Manufacturer of year 1 Power Electronic Comp. of Year 2 Power Electronic Equipment manufacturer of year 1
The Comp. has been ranked 85th on an All India basis in the Information Technology industry which besides UPS segment, includes Software, Hardware & Computer Peripheral segments. [Source: DATAQUEST [August 16-31, 1995s]].
The Comp. has been appointed as the authorised dealer for internationally renowned Merlin Gerin UPS systems of GROUPE SCHNEIDER, France for installation in specific projects & has been agreed to be provided with technical expertise & training in their brand of UPS systems.
The Comp. has also been appointed as a dealer by INFORMATION SYSTEMS PTE. LTD, SINGAPORE for sale of Information Technology Products. The Comp. has already established two manufacturing units at Sedarapet, Pondichery, one being a large scale automated plant & has established a Modernised automated CNC fabrication unit at Semmanchery Village, Madras.
The history of Comp. could be understood by observing the track record & operations of non-corporate entities which are detailed below.
Numeric Controls & Systems
A manufacturing unit in operation since 1987, NCS has been one of main production centres of NUMERIC, with a strong technical team & its expertise to handle all levels of technology for manufacture of UPS Systems. NCS was producing UPS systems based on Linear Technology - the first design to be developed by Numeric, which has continued to provide consistent performance over a decade.
The unit had developed all detailed drawings & component structure for various ranges & designs of UPS Systems & was instrumental in standardising the structure & layout for a range of such systems, with a view to build the foundation for a large scale expansion which is being implemented in this project. NCS was a partnership concern with Mr. G. Ramasubramaniam, one of promoter of company, Mr. S.R. Mani & M/s. Numeric Engineers [a proprietary concern represented by Mr. R. Chellappans] as partners. The details of M/s. Numeric Engineers, the partner of NCS is given below.
Numeric Engineers
M/s. Numeric Engineers, represented by Mr. R.Chellappan, was inducted as one of Partners of M/s.Numeric Controls & Systems, as on 30.11.1994. The inclusion of concern as partner was carried out by take over of net current assets, infrastructure, pending orders etc, without any revaluation or business fee.
M/s. Numeric Engineers was the main unit of NUMERIC GROUP, engaged in the production of UPS systems for 8 years upto 1992 with exclusive technology developed in-house. In 1992, the concern shifted its manufacturing activities & technologies to its group concerns & focused its attention on marketing, installation & maintenance of NUMERIC brand UPS system manufactured by group concerns. This was done with the specific objective of giving a focused attention to the customers from a single organisation, which could represent the group concerns providing a wide range of UPS systems and other products. To strengthen its marketing and servicing activities, the concern established several Regional offices & service centres spread all over the country.
The consolidated financial performance of Numeric Controls & Systems and Numeric Engineers for previous years are given below.
Hi-Power Corporation
Hi-Power Corporation was promoted as a partnership firm in 1989, for purpose of distribution of batteries used in UPS systems, in which Mr. R. Chellappan & Mr. G. Ramasubramanian were partners at the time of corporate conversion.
HPC sourced & supplied batteries to the manufacturing units of group. It was also engaged in the maintenance & service of same. HPC had regular trade arrangements with almost all the leading UPS manufacturers in the country. The firm had turned out to be one of largest suppliers of HITACHI brand maintenance free batteries from Japan, upon a trade arrangement with Shin Kobe Electric Co Ltd., Japan.
Batteries act as standby source of power with UPS systems. The synergy of operations has led to the merger of firm operations with that of corporate forum newly formed.
The above non-corporate entities, had their own distinct activities which are related to each other, & have now been consolidated into a single corporate entity, to capitalise on available potential & reap the benefits of economies of scale with all other related advantages.
The Comp. has met out the consideration of Rs. 102 lakhs, representing the gross identified current assets less current liabilities of non-corporate entities, by issuing 9,45,000 equity shares at par aggregating Rs.94.50 Lakhs & treating the balance of Rs. 67.50 lakhs as Unsecured loans. No revaluation has been effected in the process. The non-corporate entities have not procured any land or building, & none of fixed assets have been valued on conversion, though the full right of enjoyment of all the items of assets have been passed on to the company.
Prior to the conversion of non-corporate entities, the Comp. had no assets of its own & had no business of its own. All the Partners of firms are directors of Company, except Shri S.R. Mani, partner of M/s. Numeric Controls & Systems who has opted out of Board but continues to be involved as a regular executive of company, in the cadre of Executive Director.
The Agreement for corporate conversion provides for transfer of entire business of non-corporate entities to the company, with full benefits of all pending orders & existing business connections, supported by all infrastructural facilities & transfer of trained manpower. The agreement also provides for carrying on the entire business of entities by Comp. with full rights to use such phrases as 'Previously Numeric Controls and Systems' etc., to indicate that the business has been previously been carried on by said non-corporate concern & that the same is being carried on by this Comp. in succession.
SUBSIDIARY COMPANIES
The Comp. has no subsidiaries.
2006
-Numeric joins hand with Socomec to mkt UPS units
2007
-Numeric Power Systems Limited has informed vide its letter dated November 19, 2007 that: Mr. S. Krishnamurthy has been appointed as Comp. Secretary & Compliance Officer of Comp. with effect from November 01, 2007.
2008
-Numeric Power Systems Ltd has appointed Mr. R Venkataraghavan as an Additional Director [Independent Directors] of Company.
