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SIEMA-Annual-Report-2019 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS’ ASSOCIATION 66th ANNUAL REPORT - 2019 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS’ ASSOCIATION PRESIDent’S MESSAGE Dear Members, Greetings from SIEMA After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies. China’s growth declined following a combination of needed regulatory tightening to rein in shadow banking and an increase in trade tensions with the United States. In India, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. In India, manufacturing accounts for 77.6 percent of total output, mining for 14.4 percent and electricity for 8 percent. As you are well aware, the Government of India under the dynamic leadership of the Hon’ble Prime Minister, Shri Narendra Modiji has ushered in a series of structural reforms aimed at propelling the nation forward towards a path of rapid economic growth and development. These visionary initiatives have significantly altered the business paradigm in all sectors of the economy, including manufacturing, real estate and construction industry. The recent policy announcements on restructuring of MSME loans, relaxation of GST filings for MSMEs, additional 2% interest subvention and many more state specific schemes envisaged towards growth of the MSME sector. This also highlights the government’s determination in promoting the existing entrepreneurs and encouraging budding entrepreneurs to contribute to the growth of the economy. The Central and state Governments are encouraging to install the renewable energy sources particularly solar powered pumpsets in the farm sectors. This move will reduce the grid load in our country and also promote eco friendly measures. SIEMA is playing a major role in formulating the pump standards with Bureau of Indian Standards for more than four decades. This year notable contribution is Indian Standard 17018: 2018 - Solar Photovoltaic Water Pumping Systems - Part 1 - Centrifugal Pumps — Specification. The Bureau of Energy Efficiency proposes to raise the bar (Performance Factors) in S&L Programme for Pumpsets in future. The next couple of years will be a challenging period for the pumpset industry. I request the members to take active part in the activities of Association and contribute to the betterment of engineering industry. With regards, V. Krishnakumar President 66th ANNUAL REPORT - 2019 - 1 - THE SOUTHERN INDIA ENGINEERING MANUFACTURERS’ ASSOCIATION TABLE OF CONTENTS S.No. Title Pages 1 AGM Notice 3 2 Managing Committee Members for the year 2018-19 5 3 66th Annual Report and Financial Statements 6 4 Finance and Accounts 8 5 SIEMA Properties 9 6 Achievements of SIEMA during the Year 10 7 Technical Activities 10 8 Representations – Union Government 15 9 Subjects related to State Government 16 10 Techno Commercial 16 11 Sessions Organized by SIEMA 18 12 Training 18 13 Foreign Trade 19 14 Taxation 19 15 Participation in Various Events 21 16 Nominations 24 17 Felicitations 25 18 CSR Activities 25 19 Membership & Representations 25 20 Managing Committee Members Attendance 26 21 Annexure - I - Report of Si'Tarc 29 22 Annexure - II - Report of COINDIA 30 - 2 - 66th ANNUAL REPORT - 2019 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS’ ASSOCIATION THE SOUTHERN INDIA ENGINEERING MANUFACTURERS’ ASSOCIATION 8/4, Race Course, SIEMA Building, Coimbatore - 641 018 TO ALL MEMBERS: NOTICE Dear Sirs, Under provisions of Section 166 read with Section 210 of the Companies Act and as per Rule No. 41 of the Articles of Association, notice is hereby given that the 66th Annual General Meeting of the Association will be held on Friday the 21st June 2019 at 5:45.p.m at N D Hall of our Association to transact the following business. Please make it convenient to be present at the meeting. AGENDA 1. To receive, consider and adopt the Report of the Managing Committee from 1st June 2018 to 31st May 2019 2. To receive, consider and adopt the Audited Balance Sheet and the Income & Expenditure Account for the period from 01-04-2018 to 31-03-2019 and the Auditor’s Report thereon. 3. To receive and consider the budget for Income & Expenditure Account and Capital Expenditure for the financial year 2019-2020. 4. To elect: 3 Members under category A 4 Members under category B 2 Members under category C 5. To appoint an Auditor and fix remuneration for the year 2019-20. For and on behalf of the Managing Committee D. Vignesh Date : 29th May 2019 Vice President 66th ANNUAL REPORT - 2019 - 3 - THE SOUTHERN INDIA ENGINEERING MANUFACTURERS’ ASSOCIATION SUCCESSION LIST OF PRESIDENTS Dr. G.R. Damodaran M/s. P.S.G. Industrial Institute 1952-1954 Sri D. Balasundaram M/s. Textool Company Ltd. 1954-1956 Dr. G.R. Damodaran M/s. P.S.G. Industrial Institute 1957-1968 Sri N. Duraisamy M/s. Dhandayuthapani Foundry P Ltd. 1969-1985 Sri G. Varadaraj M/s. P.S.G. Industrial Institute 1986-1987 Sri R. Somasundaram M/s. Velumani Engineering Industry 1988-1990 Sri S. Thiruvenkatesalu M/s. S.S. Foundry 1990-1992 Sri N. Mohan Nambiar M/s. Sabari Engg. & Agro Works 1992-1994 Sri R.R. Jagannathan M/s. Gopalakrishna Industries 1994-1996 Sri Mahendran Ramdass M/s. Mahendra Engg. Works 1996-1998 Sri R.R. Balasundharam M/s. Renghanathan & Sons 1998-2000 Sri R. Vellingiri M/s. Rangavale Industries 2000-2002 Sri G. Rajendran M/s. C.R.I. Pumps Pvt. Ltd. 2002-2004 Sri C R Swaminathan M/s PSG Industrial Institute 2004-2006 Sri C.R. Shanmughasundaram M/s. Aryen Motors India P Ltd. 2006-2008 Sri Jayakumar Ramdass M/s. Mahendra Submersible Pumps P Ltd. 2008-2010 Sri R.R. Ranghanathen M/s. Perfect Engineers 2010-2012 Sri T.C. Thiagarajan M/s. Chansuba Pumps P Ltd. 2012-2014 Sri V. Lakshminarayanasamy M/s. Suguna Industries 2014-2016 Sri K.K. Rajan M/s. Sharp Industries 2016-2018 Sri V. Krishnakumar M/s. Aquasub Engineering 2018-2019 SUCCESSION LIST OF HON.SECRETARIES Sri D. Govindarajulu M/s. Eastern Electrical Co. 1952-1955 Sri R. Govindarajan 1956 Sri D. Govindarajulu M/s. Eastern Electrical Co. 1956-1961 Sri V. Ramachandran M/s. Coimbatore Premier Corn. P Ltd. 1961-1965 Sri R. Somasundaram M/s. Texmo Industries 1965-1971 Sri V.V.V. Guruswami M/s. Bharat Foundry 1971-1974 Sri K. Ramaswamy M/s. Elseetee Industries 1974-1980 Sri S. Thiruvenkatesalu M/s. Sri Srinivasa Foundry 1980-1985 Sri N. Mohan Nambiar M/s. Sabari Industries 1985-1987 Sri R.R. Jagannathan M/s. Gopalakrishna Industries 1988-1990 Sri G. Rajendran M/s. Coimbatore Rajendra Industries 1990-1992 Sri P. Nithiyananthan M/s. Anand Sanitations 1992-1994 Sri R.R. Balasundharam M/s. Renghanathan & Sons 1994-1996 Sri R. Vellingiri M/s. Rangavale Industries 1996-1998 Sri C.R. Shanmughasundaram M/s. S.A. Ivy Pumps P Ltd. 1998-2000 Sri K.V. Ganapathi M/s. Broadway Engg. & Trans co 2000-2002 Sri Jayakumar Ramdass M/s. Mahendra Submersible Pumps p Ltd 2002-2004 SUCCESSION LIST OF VICE PRESIDENTS Sri C.R. Shanmughasundaram M/s. Aryen Motors (I) P Ltd 2002-2006 Sri Jayakumar Ramdass M/s. Mahendra Pumps P Ltd 2004-2008 Sri K.V. Ganapathi M/s. Broadway Engg & Trans Co 2004-2007 Sri R.R. Ranghanathen M/s. Perfect Engineers 2006-2010 Sri T.C. Thiagarajan M/s. Chansuba Pumps P Ltd 2007-2012 Sri V. Lakshminarayanasamy M/s. Suguna Industries 2008-2014 Sri K.K. Rajan M/s. Sharp Industries 2010-2016 Sri V. Krishnakumar M/s. Aquasub Engineering 2012-2018 Sri K.V. Karthik M/s. Deccan Industries 2014-2019 Sri D. Vignesh M/s. Ellen Industries P Ltd. 2016-2019 Sri Mithun Ramdas M/s. Mahendra Pumps P Ltd 2018-2019 - 4 - 66th ANNUAL REPORT - 2019 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS’ ASSOCIATION THE SOUTHERN INDIA ENGINEERING MANUFACTURERS’ ASSOCIATION Estd. : 1952 Bankers STATE BANK OF INDIA Race Course Road Branch, Coimbatore and ICICI Bank Trichy Road Branch, Coimbatore Auditors: M/s. CSK Prabhu & Co Chartered Accountants Registered Office SIEMA Buildings, SIEMA Junction, 8/4, Race Course, Coimbatore - 641 018 Tel: 2220014 & 4514014 Email: [email protected] Website: www.siema.org GST No: 33AAATT6785H1Z5 | CIN No : U91110TZ1950NPL000184 MANAGING COMMITTEE FOR THE YEAR 2018-19 President Sri V. Krishnakumar M/s. Aquasub Engineering Immediate Past President Sri K.K. Rajan M/s. Sharp Industries Vice-Presidents Sri K.V. Karthik M/s. Deccan Industries Sri D. Vignesh M/s. Ellen Industries P Ltd. Sri. Mithun Ramdas M/s. Mahendra Pumps P Ltd., Members Sri K. Mohan Senthil Kumar M/s. Aqua Flow Sri Sai Krishnan M/s. Aryen Motors (India) P Ltd. Sri K. Ramakrishnan M/s. Best Engineers Pumps Pvt. Limited Sri R. Ravichandran M/s. Krishnaveni Carbon Products P Ltd Smt. J. Mohanasundari M/s. Kayjay Sharp Trendys Sri R. Karthikeyan M/s. Om Murugan Industries Sri N. Ravi M/s. PSG Industrial Institute Sri Ma. Sendhil Kumar M/s. Superteck Industries Sri R. Arun M/s. Sri Suguna Machine Works Sri V. Sundarrajan M/s. Sreeram Engineers Sri T Vijay Mohan M/s. S.S. Foundry Sri N. Shajahan M/s. Texmo Industries Sri Srihari Mahendran M/s. Yathi Pumps Sri Naveen Rajan M/s. Sharp Industries Co-opted Members Sri G. Vijaya Rangha Rajan M/s. GSV Industries Smt. G. Krithiha M/s. Sri Ram Air Compressors Cbe P Ltd. Sri C. Muthusami M/s. Stark Motors Sri V.P. Kandasami M/s. C.R.I. Pumps Pvt Ltd 66th ANNUAL REPORT - 2019 - 5 - THE SOUTHERN INDIA ENGINEERING MANUFACTURERS’ ASSOCIATION 66th ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE ASSOCIATION AS ON 31st MARCH 2019 TOGETHER WITH THE AUDITOR’S REPORT The Managing Committee of the Southern India Engineering Manufacturers’ Association, Coimbatore takes an immense pleasure in presenting you the 66th Annual Report with Balance sheet of the Association as on 31st March 2019, Income & Expenditure Account for the period from 01.04.2018 to 31.03.2019 along with the Auditor’s Report.
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