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Pentafour Products Ltd.

BSE: 500328 Sector: Engineering
BSE 05:30 | 01 Jan Pentafour Products Ltd
NSE 05:30 | 01 Jan Pentafour Products Ltd

Pentafour Products Ltd. (PENTFRPROD) - Company History

Pentafour Products was originally incorporated in Jun.'84 as a private limited company, Sawanyo Electronic. It was converted into a public limited company in Jan.'90 and acquired its present name in Apr.'90. The Madras-based electronics division manufactures uninterrupted power supply (UPS) units in the range of 1 kVA to 1000 kVA in technical collaboration with Samsung, Korea. It also manufactures servo stabilisers in the range of 1 kVA to 600 kVA and other power line equipment. The main customers for these are the Department of Telecom and Southern Railways. The glass epoxy copper-clad laminate project was to commence in Dec.'95. It was set up in technical collaboration with Nationwide Circuit Products, US, which will buy the entire production at the prevailing international market price. The diversification project was part-financed by a public-cum-rights FCD issue in Oct.'94. Its refrigeration and air-conditioning division in Pondicherry assembles room air-conditioners upto 2-tonne capacity and package air-conditioners upto 10-tonne capacity, water coolers, water heaters, and refrigeration equipment. The division also undertakes turnkey contracts to commission higher tonnage air-conditioning plants. The products are sold to the Department of Telecom, Southern Railways and NTPC, among others. Its auto component division has collaborations with Magneti Marelli, Italy, for carburettors and with Purolator, US, for fuel pumps. This division bagged ACMA's technology award for successful development of low-emission carburettors and is on the verge of ISO 9001 accredition. It is an OEM supplier to Maruti, HM, PAL, M&M and Ashok Leyland. Its fuel pumps are exported to Australia. The food products division exports marine products like shrimps after processing and packing them at its unit in Madras. Marubeni Corporation, Japan, is its main customer. The chemical division commenced operations in 1994-95. It was set up to manufacture anionic surfactants in collaboration with Chemithon Corporation, US. The company exports its products to Australia, New Zealand, Europe, Singapore, Thailand, and Indonesia. The performance of company under review i.e. 1999-2000, has been significantly lower due to scarcity of adequate working capital, low productivity and continuing recession in the market.