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Company Information

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NITIN FIRE PROTECTION INDUSTRIES LTD.

10 February 2022 | 12:00

Industry >> Fire Protection Equipment

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ISIN No INE489H01020 BSE Code / NSE Code 532854 / NITINFIRE Book Value (Rs.) -37.11 Face Value 2.00
Bookclosure 29/09/2018 52Week High 3 EPS 0.00 P/E 0.00
Market Cap. 54.07 Cr. 52Week Low 1 P/BV / Div Yield (%) -0.05 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Nitin Fire Protection Industries Limited was incorporated on September 4, 1995 in the state of Maharashtra as a Public Limited Company vide Registration Number 11-92323 and received the certificate of commencement of business on November 3, 1995. Later on, in the year 1997, we took over the erstwhile business of his proprietary concern "Nitin Industries" as a going concern. Nitin Industries, was established in 1980 by Mr. Nitin M. Shah alias Sanghavi and was engaged in the business of manufacturing fire extinguishers.

At the time of incorporation the Registered Office of our Company was situated at 29, Vadhani Estate, L.B.S. Marg, Ghatkopar (West), Mumbai 400 086, India. However, with effect from March 2, 2006, the Registered Office of our Company was shifted to 501, Delta, Technology Street, Hiranandani Gardens, Powai, Mumbai 400076, India.

We are now an ISO 9001:2000 certified company. We manufacture the complete range of portable fire fighting equipment at the factory situated at A-117, T.T.C. Industrial Area, Khairna Village, Vashi 400 701, Maharashtra, India. The products are approved by BIS approval and bear ISI mark.

Apart from portable fire fighting equipment, we undertake turnkey projects for design, manufacture, install commission and supply of complete Fire detection and suppression systems, using the latest techniques.

We have tie-ups with leading international players in fire alarm and security systems such as Apollo Fire Detectors Limited, U.K. for fire detection equipments, AirSense Technology Limited, U.K., for smoke detection equipments, Kerr Fire Fighting Chemicals, U.K., for fire fighting foams and dry powder, Ceodeux Extinguisher Valves Technology S.A., and Newtex Industries Inc., for their ZetexPlus safety clothing, to name few.

We have in-house capabilities for designing the complete systems and have our own team of Marketing Engineers and commissioning Engineers. These operations are carried out from the Systems Design and Service Center situated at 29, Vadhani Estate, L.B.S. Marg, Ghatkopar (West), Mumbai 400 086, India.

In year 2004, we ventured into the business of high pressure seamless cylinders. We entered into a tie-up with BTIC for getting High Pressure Seamless Cylinders contract manufactured to our specification at China, for sale in India. In the same fiscal we also started the business of design, manufacture and supply of CNG cascades, compressors and Dispensers. These operations are carried out at the factory situated at A-18, MIDC, Taloja, Taloja Audhyogic Vasahat, Raigad, Maharashtra.

In April 2005, we acquired entire paid-up-capital of Alert Fire Protection Systems Private Limited, a Company engaged in the business of Fire detection and Alarm system, promoted by Mr. Nitin M. Shah alias Sanghavi and Mrs. Saroj N. Shah alias Sanghavi and Eurotech Cylinders Private Limited, a Company engaged in the business of supplying in high pressure seamless cylinders, promoted by Mr. Kunal N. Shah alias Sanghavi and Mrs. Dhruti R. Shah alias Sanghavi. In January 2006 we acquired Logicon Building Systems Private Limited, a Company engaged in the business of security solution business, and promoted Mr. Dharmendra Bavisi and Zimith Properties Private Limited thus making them our wholly owned subsidiaries. In October 2006, we have taken a 95% share in partnership concern Eurotech Corporation where Mr. Kunal N. Shah alias Sanghavi is holding 5% share. Eurotech Corporation is in the business of manufacturing of fire extinguishers, having a plant in Parwanoo, Himachal Pradesh.

We have incorporated a wholly owned subsidiary, Nitin Cylinders Limited on September 27, 2006, in which we now intend to manufacture High Pressure Cylinders, Compressors and Fuel Dispensers at proposed plant at VSEZ.

Major events in the History of our Company:

Year Event

1995 Incorporation of our Company 1997 Received ISI Mark for all Fire Extinguishers and Accessories. 1998 Received a major order from Reliance Jamnagar Complex 2001 Received 2 major orders from ONGC worth Rs. 19 crores for replacement of Ozone depletion systems at their offshore platforms. 2003 Received our first ever CNG cascade order from Indraprastha Gas Limited, New Delhi Entered into agreement with BTIC for manufacture of cylinders 2004 Awarded Certificate of ISO 9001:2000 2005 Acquisition of Alert Fire Protection Systems Private Limited Acquisition of Eurotech Cylinders Private Limited 2006 Acquisition of Logicon Building Systems Private Limited Incorporation of wholly owned subsidiary Nitin Cylinders Limited Acquisition of 95% share in Partnership Concern Eurotech Corporation Memorandum of Understanding was signed between Nitin Cylinders Limited and Kraus Global for technology transfer w.r.t. Compressors and Fuel Dispensers.

2008

-Nitin Fire Protection Industries Ltd has appointed Mr. Ashish Jain as Independent Directorship of the Company with effect from January 28, 2008.

2010

- Nitin Fire Protection Industries Ltd has informed that Mr. Ramakant M. Nayak appointed as an Independent Director of the Company with effect from April 12, 2010.

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2011

- Nitin Fire - License to act a Licensed Agency for the purposes of Fire Prevention and Life Safety Measures.

-Nitin Fire Protection Industries has given the Bonus in the Ratio of 5:2

2012 -Nitin Fire Protection Industries to receive LPCB approval's for Inert Gases -Nitin Fire Protection Industries Ltd has informed that the Board of Directors of the Company has Declared dividend of Rs. 0.40 for the year ended March 31, 2012

2013 -100 % Subsidiary incorporated Firetec Systems Ltd in UK -Nitin Fire Protection Industries Ltd has informed that the Board of Directors of the Company has Recommended dividend of Rs. 0.20 (10%) for the year ended March 31, 2013.

2014 -Listed into S&P 500 Bse Index 2014. -Nitin Fire Protectio Board recommends Dividend of Rs. 0.20 (10%) for the year ended March 31, 2014. -Nitin Fire Protection Industries Ltd has informed that the Board of Directors of the Company has recommended to Issue Bonus Shares in the proportion of 1 (One) bonus share for every 3 (Three) existing fully paid up equity share. -Nitin Fire Protection Industries has announces bonus in the ratio of 1:3 2015 - Nitin Fire Protection Industries Ltd received Asia Pacific Enterpreneurship Awards 2015 India - Outstanding Category