Loyal Equipments Ltd : Receipt of Order
CMI FPE Limited (formerly known as Flat Product Equipments (India) Limited) was incorporated in 1986. The Company, over the last 28 years, has acquired a global leadership position in the design, manufacture, erection and commissioning of Cold Rolling Mill Complexes, Processing Lines, Chemical equipment, industrial furnaces and auxiliary equipments for the world wide steel industry.
FPE was promoted by Late Dr. T R Mehta, a gold medallist in Metallurgy and a leading technocrat, both in India and overseas. Late Dr. Mehta has been internationally recognized for his significant contributions to the Steel Industry and India’s Export initiatives by Indian as well as International Trade related bodies/Associations. The Belgian Group CMI (Cockerill Maintenance & Ingénierie) completed the acquisition of Flat Products Equipments (India) Limited on June 25, 2008. Flat Products is now known as CMI FPE Limited.
Today, CMI FPE Limited has a global footprint across Asia, Africa, Middle East, Europe, North America, South America and therefore complements CMI’s global presence.
The entity employs around 500 personnel at its Head Office in Mumbai and two workshops outside Mumbai. These workshops are extremely well equipped with state of the art machineries and Assembly activities conforming to high quality standards.
CMI FPE Ltd has carved a unique niche for itself owing to its comprehensive design and engineering solutions using state of the art CAD / CAM software that are developed in close collaboration with its Customers and Engineers, thereby producing leading-edge customized equipments.
CMI FPE complements CMI’s strategy for growth with minimal overlaps in products and a good range of technology synergies. CMI FPE Limited is a preferred partner to supply innovative solutions for clean, reliable and efficient equipment worldwide.
CMI FPE Limited has at its helm, a team of professional managers who are committed to taking the Indian subsidiary to new heights of excellence, which is also a “Great Place to Work”. They continue to add value through their expertise and experience and keep upgrading their skills for utmost customer satisfaction.
Our employees are our main assets; CMI FPE therefore gives overriding priority to their well-being by providing a conducive and safe work environment where they can nurture and add to their skill sets, thereby optimising career & self growth objectives.
CMI FPE offers its employees customised training and assessment programs for their growth, based on training needs identified at the time of performance appraisal.
CMI FPE has in place a well defined system for individual KPIs for its employees which are linked to departmental and entity level KPIs. In respect of employees faring well in the periodic KPI reviews, every effort is made to provide these high achievers with international exposure (by collaboration with Europe based BUs on projects, participation in international sales and technical meets etc.), thereby preparing them to assume higher/ diverse responsibilities.
I was wrong. Mr. Narendra Damodardas Modi didn’t give anything to middle class salaried public. But, I believe, Mr. Modi team have given a big hope to all Indian which are around 68℅ of totally directly or indirectly depending on farming sector and frustrating daily to get something which can provide equal chance to keep them in focus but not just for few development plans without knowing their basic requirements or subsidies of few thousands of crores just to keep on papers and spending out of those without any accountability. And this is without putting any additional taxes on middle class which are always feeling that, they are paying taxes to government for giving donation to Farmers. But after all, these all are currently looking mathematical techniques, because we all are knowing that, GST will bring higher service tax and after all we have to pay that only on each and every spending. But without official figure of service tax may little bit early. So without touching any big targets and without interrupting any big figure budget is very good as market had accepted with good hope. Hope about better tomorrow, better numbers and better business in India.
But sometimes, I am questioning myself, is this rally on hope only or on position too? And that’s why coming again in my mind that, “The Rich Are Different Than You And Me, Because, They Have More Money” to invest.
One day before budget, I was chatting with one of my good friend, and he was very worried over budget expectations and on capabilities on Mr Modi team. I was very surprised that, after Gujarat people are not able to trust on Modi and his strong understanding of ground realities. In Gujarat one quote is very famous, To build a strong building main base should be stronger. So these all are the same process for making stronger base. No doubt need more spending on education is must for making stronger base. And higher education is still very expensive so needs make affordable to each and everyone.
But currently sometimes feels, Market is running on logic not on numbers. Because, many big names and research people are feeling this market will fall sharply, earnings are not capable to keep market higher. Don’t know, don’t want to know in detail also currently because I think, they are left out this whole rally in expectations of big selling in domestic and world markets, may be those reasons were domestic or around the globe whatever. And, people are still finding weakness. Are guys if they really want to weak indices than why they need to change scrips from indices time to time? They want to provide more and more strength to all indices.
I found one scrip in between these all ups and downs. This may have not enough base to give multiple folds returns but looks quite interesting as mining stocks performing well SOUTHERN MAGNESIUM & CHEMICALS LTD.
Once I heard from our one of the big players that, don’t think to buy a stock, think to buy a business which can surely change your mindset to look over a stock. So as per me, it’s very important to focus on being a great business analyst, not just a simple stock analyst or data analyst. And Small and micro cap or SMEs are directly working with big population from ground level. So might be require to understand those at micro level. So I always trying to find out good business which can provide returns in multiple folds. My part is to find out those stories at smaller level and I always tried hard with my imagination to find out new stories, if stock or management can’t deliver as per story or can’t convert story into numbers than better to exit as per price movements. After all price is God. And everyone has to respect that only. That’s why my stocks may not able to reflect good numbers in current situation or current balance sheet. But may provide good multiple folds returns in long term.
I want to add more on that, what matters most? So, don’t focus on business news media, stop watching stock prices day-to-day, today’s political unrealistic worries which are running around the globe, interest rates, currencies, jobs data, PE of indices but just keep focusing on market trend and on long term. If your business is able to survive with good quality and performance than your stock or story will out perform surely.
KIND REGARDS, TAKE CARE OF YOURS AND YOURS INVESTMENTS.