Business Profile:

Heera Ispat was manufacturing company of steel, carbon, alloys, MS, SS, aluminum, ingots etc.
 
COMPANY, MANAGEMENT AND PROJECT HISTORY OF THE COMPANY
THE MAIN OBJECT OF THE COMPANY
PROMOTERS AND THEIR BACKGROUND
MANAGMENT
   
   
   
   
COMPANY, MANAGEMENT AND PROJECT HISTORY OF THE COMPANY
 
The Company was incorporated in the State of Gujarat on 5th August, 1992 under the name. Heera Ispat Limited and obtained certificate of commencement of business on 10th August 1992. The Company proposes to start a medium scale induction furnace based plant near Godhra in District Panchmahals for manufacture of 20,000MT for different type of steel. After incorporation promoters conducted a market survey in steel & related market to arrive at the most potential line of business in the steel industry which is alloy steel, billets and ingots etc. Thereafter the task of Preparation of Project report was taken up and the same was submitted to GITCO for appraisal which was done in November 1993. As per the implementation schedule the company has gave in selection of land, Plant & Machinery and other infrastructural facilities.
   
   
   
THE MAIN OBJECT OF THE COMPANY
 
The carry on the business of manufactures of, and dealers in exporters and importers of all varieties of steel, alloys, MS,SS Aluminium , ingot, Rolling, steel Rolling Alloys varieties of steel, special steel Carbon steel, tool alloys steel, mild steel and any other kind and grades of steel and to carry on and execute the work of steel engineers including manufacturing and dealing in steel billets, steel rods, steel sheets, steel wires and in all kinds of steel products whether forged rolled or drawn and consequently to manufacture, sell and deal in all or any of the bye- products which will be obtained in the process of manufacturing these steel products, ispat products, Alloys and a Steel products.
     
 
To carry on the business of miners, importers and exporters in and dealers in iron. Ores, chromium ores, mangnesite ores, thorium, uranium, asbestos, nickel, copper, lead, tin bauxite ores all ferrous and non ferrous ores of every descriptions and grades what so ever in any part of the country and to carry on the business of processing, cleaning, melting, forging, grading and machining to convert the ores into market metals.
     
 
To manufacture, deal, import and export pig iron sponge, iron, ferrosilicon, ferrochrome and other ferrous substances and metals of every description and grades and to manufacture, deal, import and export all kinds and varieties of non ferrous raw metals such as alluminium copper, tin, lead and the bye-products obtained in processing and manufacturing these raw metals.
   
     
     
PROMOTERS AND THEIR BACKGROUND
 
The main promoter of the company, Smt. Hasumatiben R. Mistry Age 38 is having a vide industrial experience in the field of Steel. At present she is proprietress of M/S ‘Alark’ , a diamond tool manufacturing company, and of M/S Pankaj Cast foundry engaged in manufacture of alloyed C.I. castings at Godhra,. She has been associated with these units since four years. She has five years of trading and manufacturing experience in the steel industry. After getting a through exposure to the steel trade, its manufacturing process she decided to start a unit for manufacture of Special Steels of Gujarat. She is well conversant with all the aspects of
procuring raw material from various indigenous sources.

Stake of promoters along with their family members and their companies, in this company is 23.40% of the existing capital and will be 17.54% of the post issue paid up capital of the company. The balance capital out of the promoter’s contribution will be held by friends,
relatives & associates.

Promoters/do not have any other interest in the company expect that in purchase if some of the land from promoters and their relative as stated else where in the prospectus. There are no pending litigation, disputes,, defaults/overdue to banks and financial institutions, statutory dues and no proceedings initiated for economical offenses against the promoter or promoter’s firms.
     
   
     
MANAGEMENT
 
The Management of the Company is vested in the Board of Directors comprising entrepreneurs, Professionals, business and persons with experience in their related fields. The company proposes to appoint a term of qualified and experienced professionals from various fields for the operations in areas such as Project implementation, technical, finance, marketing administrations and personnel. The day to day management will be looked after by Smt. Hasumatiben R. Mistry, Managing Directors of the company under the superintendence and guidance of the Board of Directors.
     
 
Mr. Mayurbhai Patel aged 49 years is BE( Electrical) has rich experience about 25 years in steel plant, chemical plant and other allied, Engineering fields. He specializes in Electrical- Electronic Equipments sophisticated Engineering design for plant and machinery with atomization and has consultations in this field to Nirma Ltd. Vallabh Glass works Ltd. Gujarat Machinery Manufacturing Co. Ltd. etc. He is instrumental in designing and selecting electronic control penal for the induction furnace being installed by the company.
     
 
Mr. Jaiminkumar Vyas, Shukdevprasad Vyas, aged 45 years, is a B.Sc(Physics), and by profession he is an astrologer at Bolundra and Nadiad, Specializing in Sidhant and Falit jyotish. He had also received a Gold Medal in this specialized field. He has 7 years experience looking after Administration and Finance in Dattatrai Group of Companies, Ahmedabad, from 76 to 83. He has been honorary professor since 1976 with Jyotish Vedhshala, Ahmedabad.
     
 
Mr. Ravindra K. Mistry, aged 41 years, is a qualified Interior Designer. He has 22 years experience in manufacturing and marketing of metal & wooden furniture. Ha has also attended seminars exhibitions at Singapore and Germany on wooden and metal furniture. He is at present the Managing Partner of System K.D. which is engaged in manufacturing of Metal & wooden furniture at Ahmedabad and Bombay. He was instrumental in executing the project of 14-screen multimedia show Auditorium of the Swaminarayan Temple at Gandhinagar.
     
 
Mr. Shivprasad M. Shukla, aged 89 years, is a graduate in Hindi Sahitya. He has been attached to M/s. Bennet Coleman & Co. Ltd. for last 50 years as a District Reporter. He also looks after Sales, Advertisement, Booking etc. for this Company.
     
 
He has been associated with several religious trusts and agencies/organizations engaged in social activities. He was president of Ghodhra Municipal Bureau and had also worked as municipal counselor for 20 years. He was also associated as a member with Godhra Mercantile Co - Operative Bank Ltd.
     
 
Mr. Dharmesh Mistry aged 22 years is master of Computer. He has been looking after marketing of M/s. Alerk & M/s Pankaj Cast.
     
 
Mr. Anil Suthar aged 26 years is inter commerce. He has 5 years experience on shop-floor in steel casting manufacturing units.
   
 
The company appointed Mr. Ishwarlal L. Patel, B.E. (Mechanical) and graduate in Indian Institute of Ind. Engg. As Vice President (Project). He will resume his duty by end of October 94. Shri I.L.Patel has worked from 73 to 79 with TISCO, 79 to 81 with Ferro Alloys Corp Nagpur, 81 to 82 special steel ltd. Boisor, 82 to 86 Panchmahal Steel Ltd. Kalol 86 to 87 Aslo Steel Ltd. Kalol and from 88 till joining with this company with Paramhans Industries in managerial capacities. His rich experience in Steel Project will enable the Company to implement its project. There are no pending litigations in respect of statutory dues or proceedings initiated for economic
offences against any of the Directors towards tax liabilities or any criminal/civil procedures launched for any offences.