FORBES & COMPANY LTD-$
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BSE Code:
502865
NSE Code:
FORBESCO
Business Profile
Business Profile
The engineering division of Forbes started with the manufacture of spring lock washers. In 1962, it started manufacturing threading taps and dyes, in collaboration with Nuckey Scott, U.K. However, the partnership was discontinued in the year 1970.
The division has two manufacturing facilities, one in Chandivali (1962), Mumbai, India, and the other in Chikaltana, Aurangabad (1974). The manufacturing program includes threading round and hex dye nuts (carbon steel and high speed steel), tungsten carbide burrs, HSS rotary cutters, spring washers and measuring instruments.
The tools are sold under the brand name `TOTEM` and is well accepted in over 30 countries across the world, including Europe, U.S.A., South East Asia, Latin America, Middle-East, Africa etc, including the domestic markets.
The Aurangabad plant, which manufactures carbon steel taps and dyes, has been accredited with the ISO certification. Manufacturing of taps includes M35 steel taps for application specific materials. The range covers the spiral pointed taps for through hole applications and spiral fluted taps for blind hole applications with various kinds of coatings and tool geometries.
Totem tungsten carbide rotary burrs cover different shapes (cylindrical, conical, tree shape pointed and radius end, spherical, oval, and flame) in standard cut, double cut and diamond cut.
For non ferrous materials, like aluminium, the company has designed aluma burrs. The spring lock washers are manufactured under the brand name `BBBB`. It is the largest manufacturer of superior quality lock washers in the organized sector and caters to all the major auto and tractor manufacturers.
To compliment the range of cutting tools, Forbes Gokak has introduced solid carbide end mills manufactured under joint operation agreement with the world`s leading manufacturers M A Ford U.S.A. These Tools are manufactured in Aurangabad since 1999.
The range is available in various sizes with a combination of design, geometry and different types of coatings (TiN, TiCN, and TiAlN) to cover all possible application areas in the industrial segments like aluminium, stainless steel etc., available in centre cutting and ball nose.
The board of directors of the company at its meeting held on Nov. 28, 2006 approved the scheme of arrangement of the de-merger of the textiles division of the company, with effect from Apr. 01, 2007.
Financials
The sales for the financial year 2006 stood at Rs 5791.8 million and net profit stood at Rs 216.01 million as compared to sales at Rs 2998.26 million and net profit stood at Rs 26.71 million for half year ending September 2006.