The Economic Times

10 Июн 2015 | Author: | Комментарии к записи The Economic Times отключены
Royal Enfield Bullet 500 Deluxe AVL

Eicher Ltd.

Company — Eicher Ltd.

EVENTS 1955 — The was incorporated on 3rd of November.

— The of motorcycles,three wheelers, scooters, agricultural engines etc. The motorcycles are marketed under the name ROYAL ENFIELD. — The company issued 14% mortgage debentures aggregating to and redeemable in 12 half yearly beginning from 20 june

A super deluxe of the `Bullet’ was and it gained good market 1984 — The Company 3,00,000 15% NCD’s aggregating to 3cr to UTI on placement basis. These redeemable at a premium of 5% on 4th March

Work in Chennai was distrupted due to a in November 84. and power shortage.

— The company revalued land and buildings, plant, and equipment on 30 June and the net surplus of lacs was transferred to Capital — 50,000 15% NCD’s to 50 lacs were issued to LIC on placement. 1987 — The was declared sick and a reference was to BIFR.It entered into a plan with Eicher

A technical collabration was entered with Mitsubishhi Heavy Ltd. of Japan for the manufacture of a new of engines and portable generating of contemporary design. 1990 This year saw the company into an alliance with Tractors for synergistic benefits in and marketing.The amount invested is by Eicher Tractors.

— Sri S Viswanathan was appointed as and Whole-time Director with from 19th November and Shri Badri Agarwal as Director with effect 4th April.

1992 — The undertook a modernisation programme of motorcycle division which was funded by ICICI, IDBI and company increased it’s capacity to 1,20,000 vehicles per for two wheelers and also decided to light weight motorcycles, motorcycles and geared mopeds for it entered into a collaboration ZUNDAPP of W.Germany.The subsidiaries of company are Enfield Sales and Enfiels Mofa Ltd.

Sales of Agro Engines also adversely affected due to availability of concessional Bank and lower subsidy for purchase of for agricultural use by various State

— A New Genset marketing has been set up for promoting the sale of gensets.

1993 — The is taking steps to introduce the of Total Quality Management and studies are being undertaken to the allied areas like Quality Control (TQC), Employee Involvement (TEI), in Time (JIT), etc.

— The Company has sold its Geneset businesses along Thoraipakkam and Ranipet Units to Limited for a consideration.

— The Company has sold its Office Building on Anna Chennai, in July, to Industrial Bank of India.

— The has sold the entire equity of Enfield Mofa Limited.

The Company successfully launched the fuel-cost motorised two-wheeler on roads — Diesel in november 1993.

— of a new Bullet model ‘Citi has been developed and are currently road testing.

— The is currently in touch with foriegn two-wheeler manufaturers to the possibilties of expanding the current range of the Company.

— The has entered into a long agreement with world-renowned RD -AVL of Austria — a view to continuously upgrade the motorcycle for exports as well as for the market.

— The company has an understanding with Fritz and Switzerland for acquiring know-how for of 535 624 cc Bullets.

— The Company has up modernisation of its Bullet plant.

With effect from June, the name of the company changed to ROYAL ENFIELD LIMITED.

— The Company has 10.3 Lacs Equity at par to the Financial Institutions as per terms of the One Settlement Package. The company to redeem by reissue, Series I and II Perference Shares aggregating to Lacs 75% of the arrears of dividend on the shares held by Financial has been waived as part of the One Settlement.

— During the year, Mofa Limited ceased to be a of the company.

— The Company has a new division — Customer Department — to strengthen deveopment/testing facilities with a to quickly assimilate the acquired as well as to build necessary for continuous improvement of existing and development new products/variants in house

— The Company issued No. of equity shares at par to the Banks and Institutions during the year as per the of One-Time Settlement package.

The Company also issued — 15% Cumulative Preference of Rs. 100/- each fully up to the existing Preference Shareholders in of existing Cumulative Preference and towards arrears of Preference for the period 1.7.86 to 31.3.93 as per the Law Board’s approval dated under Section 80(A) of the Act. 1956.

1996 The year witnessed merger of Tractors Ltd. (ETL) Royal Enfield Motors (REML) with effect 1st April, 1995 pursuant to the of the Hon’ble High Courts of and Madras.

— In accordance amalgamation scheme, the Company be allotting 1,40,10,478 No. of equity to the shareholders of erstwhile Eicher Limited in the ratio of 1:1.

— During the current Company’s tractor plant at was awarded ISO 9002 accreditation. this company’s plants at Ballabgarh, Parwanoo, Hyderabad and Division have been ISO 9000 accreditation.

1997 The successful launch of SHAHENSHAH New styling 39 HP (SAE) tractor in 1996 was an important milestone for the

— With Alwar also being awarded ISO the entire tractor operations now been integrated through one certificate.

— Modernisation of the Plant at Chennai has been The Company has also firmed up for implementing the expansion programme at a new plant.

— During the Ramon Demm was awarded ISO accreditation and with this divisions of Gear Business Thane) have obtained ISO certification.

— During the Mr R C Maheshwari was appointed as Whole-Time for a period of 5 years. Mr Vikram Mr Badri Agarwal, Mr Alok Mr S Sandilya — Directors, by rotation and being eligible themselves for reappointment.

1998 A Technical Collaboration Agreement M/s. Valtra Inc. for manufacture of 61 and higher HP tractors in has been finalised.

— At Demm, the capacity has been through productivity improvement consequent to successful implementation of year wage agreement during the year.

— The Company has launched Technology led Business Process

— A tie-up with Steyr, Austria, has been for upgradation of transmission designs and developing a new transmission with required for export of tractors to USA and

— Mr. Vikram Lal has resigned the Board of all Group Companies and Mr. S. K. has taken over as Group and CEO of the Group.

1999 -Eicher Ltd (ETL) has joined hands Vaitra group of Finland to into the powerful tractor

-During the year two new Models of 50 61 HP technology from Valtra Finland have been and are under extensive field

— The 535cc bike has successfully launched in the European in the third quarter of the year plans for introduction in domestic during the first half of

— During the year, a for manufacture of Camshafts has been at Parwanoo. Eicher Demm has the distinction of ISO-14001 certification this year.

— The had launched information technology business process reengineering.

— ICRA Ltd. has the Rs 88-crore long-term non-convertible programme of tractor and two-wheeler Eicher Ltd. to `LA+’ `LAA’.

— The Company has launched 312 model with a 2 cylinder giving a totally new look to the

— The Company introduced new 61 HP in April 2000 — POWER 6100′, developed in collaboration with Valtra Finland.

— During the Mr S Sandilya and Mr P K Kapse, Directors, by rotation and being eligible themselves for reappointment. Mrs Rita Nominee of ICICI Limited and

Mr Agarwal ceased to be Directors the year.

2001 — Enfield Motors, a unit of Ltd, part of the Rs 1,000 Eicher Group, has launched its new ‘Bullet Electra’, here on 23

2003 —Signed MoU to collaborate corporation bank which be financing eicher tractors to


-Royal Enfield with Syndicate Bank to purchases.

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