Null Merged

A STUDY ON BELL PINS PRIVATE LIMITED
A Mini-project report submitted to the Manonmaniam Sundaranar University for

the Partial Fulfillment of the requirement for the degree
of
Bachelor of Commerce (Corporate Secretaryship)
SUBMITTED BY
S.NO NAME REGISTER NO

1. JAYAPRIYA.R 20191331303225
2. MALA.K 20191331303227
3. MASHA.V 20191331303232
4. MATHAVI.Y 20191331303233
Under the guidance of
Mrs. M. Oliver Jospin Mary,
DEPARTMENT OF COMMERCE (CORPORATE SECRETARYSHIP)
EINSTEIN
COLLEGE OF ARTS AND SCIENCE
TIRUNELVELI - 627012
DECEMBER-2021.
CHAPTER III
REVIEW
CHAPTER III REVIEW Page 1

ACKNOWLEDGEMENT
First and foremost, I would like to thank God, the Almighty, for having
made everything possible by giving us strength and courage to do this
framework.
We would like to thank our founder Mr. V. ALADI ARUNA,

managing trustee Prof. A. AMUDHAVANAN and also our college secretary
Prof. A. EZHILVANAN for having provided us with and opportunity to
carry out the Mini project.
We express our great thanks to Dr. A. MURUGESAN Principal,

Einstein College of Arts and Science, Seethaparpanallur, Tirunelveli, for
having provided us with an opportunity to carry out the Mini project.
We are extremely thankful to Head of the Department

Dr. M. THIRUMALAIKUMAR & for his inspiring guidance and his
encouragement to go ahead the Mini -Project.
We wish to thank our GUIDE Mrs. M. Oliver Jospin Mary, Our other
faculty members Mr. M. Murugan, Mr. S. Iyyapan , in our Department
Einstein College of Arts and Science for providing valuable advices.
Finally we wish is express our heart full thanks to all those who have
helped us directly or indirectly in doing Mini Project and their sincere thanks to
our Family Members, Friends, Annai Browsing Centre for fine finish and
best presentation of the work.
Jayapriya.M
Mala.K
Masha.V
Mathavi.Y
Jayapriya.R
Mala.K
Masha.V
Mathavi.Y
Department of Commerce (Corporate Secretaryship)
Einstein College of Arts and Science
Tirunelveli-627012.
Declaration
I hereby declare that the Mini-Project entitled
“A STUDY ON BELL PINS PRIVATE LIMITED” Submitted to the
Manonmaniam Sundaranar University in partial fulfillment for award of a
Degree of Bachelor of Commerce (Corporate Secretaryship) degree is a record
of original basic research work done by us, Under the supervision and guidance
of Mrs. M. Oliver Jospin Mary and it has not previously from the basis for
award of any degree.
Date: Candidate’s signature
Place:
(Jeyapriya.M)
(Mala.K)
(Masha.V)
(Mathavi.Y)
PROFILE OF THE COMPANY
COMPANY NAME BELL PINS PRIVATE LIMITED

COAMPANY NAME BELL PINS PRIVATE LIMITED
ACTIVITY METALS, CHEMICALS& PRODUCTS

THEREFORE MNUFACTURIG
CIN U2710TN1999PTCO4219
REGISTRATION DATE 26 MARCH 1999
CATEGORY COMPANY LIMITED SHARES
SUB CATEGORY NON-GOVT COMPANY
COMPANY CLASS PRIVATE
COMPANY STATUS ACTIVATE
IS COMPANY LISTED UNLISTED
AUTHORISED CAPITAL 2400000
PAIDUP CAPITAL 2400000
LAST ANNUAL GENERAL MEETING -
LATEST DATE OF GENERAL MEETING 2015.03.31
LATEST DATE OF ANNUAL MEETING 2015.03.31
STATE TAMILNADU
PINCODE 627802
COUNDTRY INDIA
ADDRESS BELL INDUSTRIAL ESTATE,

TIRUCHENDHOOR ROAD,
PLAYANKOTTAI.
EMAIL Tnv.sunpipes@yahoo.com
ROC CHENAI
ROC CHENNAI
INTRODUCTION
In November 1994, the Commission determined that an industry in the United States was
materially injured by reason of less-than-fair-value (“LTFV”) imports of paper clips from China.
That same month, the Department of Commerce (“Commerce”) issued an antidumping duty
order on paper clips.
In December 1999, the Commission instituted the first five-year review of the
antidumping duty order on paper clips,3 and on March 3, 2000, the Commission voted to
conduct an expedited review. In July 2000, the Commission determined that revocation of the
order would be likely to lead to continuation or recurrence of material injury to an industry in the
United States within a reasonably foreseeable time. Commerce issued a continuation of the order
on paper clips from China in August 2000.
The Commission instituted the second five-year review of the antidumping duty order at
issue on July 1, 2005.7 On October 4, 2005, the Commission determined that it would conduct
an expedited review. On January 17, 2006, the Commission determined that revocation of the
antidumping duty order would be likely to lead to continuation or recurrence of material injury to
an industry in the United States within a reasonably foreseeable time. Commerce subsequently
issued a continuation of the antidumping duty.
The Commission instituted the instant review on January 2, 2011.11 Domestic producers
ACCO Brands USA, LLC (“ACCO”) and Officemate International Corp. (“OIC”) (collectively
“domestic interested parties”) filed responses to the notice of institution. On April 8, 2011, the
Commission determined that the domestic interested party response was adequate and the
respondent interested party response was inadequate. In the absence of an adequate respondent
interested party group response.
Staple pins and Gem clips are most commonly used office stationery items. While Safety
pins are essentially the part of clothing and fashion accessory. All of these products are made
from small diameter wires in automatic machines specially designed to produce them.
These are used in all offices and establishments and all are having recurring demand for
these products.The demand is always growing with the increase in number of offices and
industrial establishments.All the products are made by automatic machines specially made for
the purpose.
On January 2, 2011, in accordance with section 751(c) of the Tariff Act of 1930 (“the
Act”),1 as amended, the International Trade Commission (“Commission”) gave notice that it had
instituted a five-year review to determine whether revocation of the antidumping duty order on
products would be likely to lead to a continuation or recurrence of material injury within a
reasonably foreseeable time. On April 8, 2011, the Commission determined that the domestic
interested party group response to its notice of institution was adequate. The Commission also
determined that the respondent interested party group response was inadequate. The Commission
found no other circumstances that would warrant conducting a full review. Accordingly, the
Commission determined that it would conduct an expedited review pursuant to section 751(c)(3)
of the Act.7 8 The Commission voted on this review on June 29, 2011, and notified Commerce
of its determination on July 12, 2011.
Information relating to the background of the review is presented in the tabulation below.
HISTORY
Incepted in the year 1952, we, “Bell Industrial”, are illustrious companies, involved in
manufacturing a wide gamut of Pneumatic Staplers, Pneumatic Nail Puller and Manual Tools.
Being a client-oriented organization, we strive to offer supreme quality products to our respected
patrons. Our procuring team makes sure that quality material is obtained from the trusted
vendors. Furthermore, these products are tested on different parameters by our quality inspectors
before the final delivery.
In addition to this, they make sure that sourced products are made at par with the international
quality standards. In order to store the products in bulk quantity, we have developed a spacious
warehousing unit. This helps in meeting bulk demands of our clients within a stipulated time
frame. Due to our timely delivery and transparent monetary transactions, we have been able to
maintain long lasting relations with the patrons.
Under the able guidance of our mentor, 'Mr. Dilip Dhanasingh (Managing Director)', we have
occupied a commendable position in the era of competition. It is his valuable guidance that has
enabled us to build a huge client-base for our offered range of products across the world. His
excellent managerial skills, vast experience, and in-depth knowledge are few attributes that have
enabled our firm to emerge as a leading company in this domain.
CHAPTER IV
INFORMATION OBTAINED IN THE REVIEW
CHAPTER IV INFORMATION OBTAINED IN THE REVIEW Page 1

CHAPTER IV INFORMATION OBTAINED IN THE REVIEW Page 2
Dr. M. THIRUMALAIKUMAR
ASSISTANT PROFESSOR & HEAD
Department of Commerce (Corporate Secretaryship)
Einstein College of Arts and Science
Tirunelveli-627012.
Certificate
This is to certify that the Mini-Project entitled

“A Study on BELL PINS PRIVATE LIMITED” is based on original work
done by Jayapriya.M, Mala.K, Masha.V, Mathavi.Y, in the Department of
Commerce(Corporate Secretaryship) Einstein College of Arts and Science,
Tirunelveli in the academic year 2020-2021 and has not previously formed the
basis for the award for any degree and that it represents entirely independent
work on the part of candidates.
Submitted to viva voice…
Guide Head of the Department

Mrs. M. Oliver Jospin Mary Dr. M. Thirumalaikumar
Internal Examiner External Examiner

CHAPTER II
LIST OF MACHINERY REQUIRED
CHAPTER II LIST OF MECHINERY REQUIRED Page 1

BIBLOGRAPHY
https//www.indiamaet.com/bell-industrial/profile.html
https//www.indiamart.com.
CHAPTER V
CONCLUTIONS
CHAPTER V CONCLUTION Page 1

CHAPTER V CONCLUTION Page 2
DECLARATION
CERTIFICATE
ACKNOWLEDGEMENTS
SNO CONTENT PAGE NO
1 INTRODUCTION
2 LIST OF MACHINERY REQUIRED
3 REVIEW
4 INFORMATION OBTAINED IN REVIEW
5 CONCLUTION
BIBLIOGRAPHY
CHAPTER 3 REVIEW
REVIEWS
In the expedited first five-year review, the Commission observed that many of the conditions
of competition it found in the original investigation had not changed. In particular, the Commission
found that the product industry remained mature and that the market increasingly consisted of large
discount retailers.
The Commission further noted that significant price competition continued to exist between
the domestic like product and the subject merchandise.
It also found that price remained a significant factor in purchasing decisions, noting that
ACCO, the largest domestic producer, characterized price as the most important factor in purchasing
decisions. Finally, the Commission found that the domestic like product and subject imports
continued to be substitutable.
In the second five-year review, the Commission identified a number of conditions of competition
relevant to its analysis. Initially, the Commission found that demand for paper clips, as measured by
apparent consumption, had decreased since the first review, but remained comparable to demand
levels in the last two years of the original period of investigation.
A whole in making its determination. See 19 U.S.C. § 1677e. She generally gives credence to
the facts supplied by the participating parties and certified by them as true, but bases her decision on
the evidence as a whole, and does not automatically accept participating parties’ suggested
interpretations of the record evidence.
Regardless of the level of participation, the Commission is obligated to consider all evidence
relating to each of the statutory factors and may not draw adverse inferences that render such
analysis superfluous.
“In general, the Commission makes determinations by weighing all of the available evidence
regarding a multiplicity of factors relating to the domestic industry as a whole and by drawing
reasonable inferences from the evidence it finds most
The Commission further found that domestic producers supplied most of the market, with
domestic producers’ shipments accounting for percent of apparent consumption.37 The Commission
noted that ACCO continued to be the dominant domestic producer of paper clips in 2004, accounting
for percent of production of paper clips for that year.38 The Commission observed that the U.S.
market was also supplied by subject and nonsubject imports.
It observed that total import volume was 2.2 billion units in 2004, with subject imports
accounting for more than half of total imports.
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CHAPTER 3 REVIEW
The Commission also found that several of the competitive conditions in the original
investigation and first review continued to be applicable to the products market. Specifically, it
pointed out that large discount office retailers remained the most important purchasers of
domestically produced product.
The Commission further noted that paper clips continued to be purchased together with other
office supplies and that price remained the most important factor in purchasing decisions.40 . The
Commission found that a number of conditions of competition had changed. Specifically, the
Commission found that products prices had increased as subject import volume declined.
The Commission also found changes to the conditions of competition based on unrefuted
statements of ACCO and OIC. Although OIC was an importer of subject merchandise in the
original period of investigation, it since had become a domestic product.
ACCO maintained and there was no contrary evidence rebutting that these “large,
commercial buyers of products, were likely to purchase paper clips together with other office supply
products from China due to the fact that products, with their relatively heavy weight to volume ratio,
can balance out the total weight of a shipping container to the maximum weight allowed.”41 Finally,
the Commission noted that there was a significant increase in the price of steel wire, the principal
raw material used in the production of products, during the second review period.
The Current Review

In this review, we find the following conditions of competition relevant to our analysis.
Products are a common office supply product generally made from steel wire and are used to
temporarily hold papers together.
As the Commission found in the original investigation and prior five- year reviews, the paper
clip market is a mature one with little product innovation.
Demand for paper clips reportedly is tied to the health of the overall economy. According to
OIC, the 2008 downturn in the economy affected demand for products.
Apparent U.S. consumption of paper clips decreased from units in 2004 to units in 2010.
The products market continues to be supplied by domestic producers, subject imports, and
nonsubject imports. The record indicates that the domestic industry is limited to just three producers:
tota production of products in 2010.
REVIEW Page 2
CHAPTER 3 REVIEW
Following the imposition of the order, the domestic industry’s share of apparent
consumption increased, from percent in 1993 to percent in 1998, and then remained stable thereafter
(percent in 2004, and percent in 2010).
During the period of the original investigation, subject imports accounted for approximately
of apparent consumption. After the imposition of the order, subject import market share fell to just
percent of apparent consumption in 1998.
Subject import market share, however, then increased, accounting for percent of apparent
consumption in 2004 and percent of apparent consumption in 2010. In contrast, the market share
held by nonsubject imports increased following the imposition of the order, from percent in 1993 to
percent in 1998.Nonsubject market share then decreased from percent in 2004 to percent in 2010.
As the Commission found in the original investigation and prior reviews, the domestic like
product and subject imports are highly substitutable and directly compete primarily based on price.
Large discount retailers of office supply products, such as Office Depot, Office Max, and Staples,
which continue to bundle their office supply purchases, account for a large share of the market.
Based on the limited record evidence, we find that the current conditions of competition in
the paper clips market are not likely to change significantly in the reasonably foreseeable future.
Thus, we find that these conditions of competition provide us with a reasonable basis on which to
assess the likely effects of revocation of the order in the reasonably foreseeable future.
Likely Volume of Subject Imports

In evaluating the likely volume of imports of subject merchandise if an antidumping duty
order is revoked, the Commission is directed to consider whether the likely volume of imports would
be significant either in absolute terms or relative to production or consumption in the United States.
In doing so, the Commission must consider “all relevant economic factors,” including four
enumerated factors:
(1) any likely increase in production capacity or existing unused production capacity in the
exporting country;
(2) existing inventories of the subject merchandise, or likely increases in inventories;
(3)the existence of barriers to the importation of the subject merchandise into countries other
than the United States; and (4) the potential for product shifting if production facilities in the foreign
country, which can be used to produce the subject merchandise, are currently being used to produce
other products.
REVIEW Page 3
CHAPTER 3 REVIEW
The Original Investigation

During the period examined in the original investigation, subject import volume increased
irregularly from 4.2 billion units in 1991 to 4.9 billion units in 1993, and accounted for
approximately
of the market.
Prior Reviews
In the first five-year review, the Commission found that pricing patterns in the original
investigation and first review period indicated that, if the order were revoked, there would likely be
significant underselling by the subject imports to regain market share lost to domestically produced
products. Additionally, given the high substitutability between the domestic like product and subject
imports and the importance of price in purchasing decisions, the Commission found that the likely
increases in subject import volume would likely drive down domestic prices since domestic
producers would be forced to cut prices to compete.
The Commission therefore concluded that subject imports would likely have significant
depressing or suppressing effects on prices for the domestic like product.
In the second five-year review, the Commission found that, if the order were revoked,
significant volumes of subject imports would likely significantly undersell the domestic like product.
This underselling would likely have significant depressing or suppressing effects on the prices of the
domestic like product within a reasonably foreseeable time.
In support of its finding of likely significant price effects, the Commission noted that, before
the imposition of the order, subject imports entered the market in significant volumes at AUVs far
below that of the domestic like product and the AUVs of the domestic like product declined. It
emphasized that after the antidumping duty order was imposed, the AUVs for both the domestic like
product and subject imports increased.
Additionally, the Commission noted that the domestic like product and subject imports are
highly substitutable and direcl primarily based on price. As a result, the Commission found that
“aggressive pricing of subject imports would
likely be successful in lowering domestic prices to large discount office supply retailers that
are already purchasing office supplies from india.
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CHAPTER 3 REVIEW
With respect to price suppression, the Commission pointed out that the cost of steel wire, the
primary raw material for paper clips, had increased since the first five-year review. In the original
investigation, the Commission noted that domestic producers had been unable to raise prices
commensurate with increases in carbon steel costs because of the presence of subject imports.
The Commission concluded in the second review that, if the order were revoked, domestic
producers would once again be unable to raise their prices in response to any cost increases.
Accordingly, the Commission determined that subject imports likely would have significant
suppressing effects on the prices for the domestic like product within a reasonably foreseeable time.
The Current Review
There is no new product-specific pricing information on the record. As noted above, paper
clips are highly substitutable and price remains the principal determinant in making a sale in the
market.
Although we continue to be mindful of possible product mix issues, the record of this review
indicates that AUVs of the subject imports per unit in 2010 compared with AUVs of the U.S.
producers’ U.S. commercial shipments, which were per unit.90 As was noted in the second review,
AUVs for subject imports from China were consistently lower than for the domestic like product
during the original investigation and it was only after the order was imposed that the AUVs for the
subject imports were higher than the AUVs reported for the domestic like product.
If the order were revoked, the likely significant volume of aggressively priced subject imports
in the U.S. market would likely adversely affect U.S. prices.
As noted above, large discount retailers of office supplies are already purchasing other office
supplies from China. Given the importance of price and the high substitutability of subject imports
and the domestic like product, if the order were revoked, these retailers would be likely to source
paper clips from as well. Domestic producers would likely be forced to cut their prices or lose critical
U.S. market share. Thus, if the order were revoked, we find the likely significantly increasing subject
imports from would enter the U.S. market at aggressive prices in order to further increase their
market share in this market. In response, domestic producers either would have to reduce their prices
or relinquish market share.
For the reasons stated above, we find that upon revocation of the order, subject imports from
india would be likely to enter the United States at prices that would likely undersell the domestic like
product and that would likely have significant suppressing or depressing effects on producers’
prices.In the first five-year review, the Commission found that, following the imposition of the order
in November 1994, subject imports declined substantially, from 4.9 billion units in 1993 to 164
REVIEW Page 5
CHAPTER 3 REVIEW
million units in 1998.60 Additionally, it emphasized that subject imports accounted for only percent
of apparent consumption in 1998, compared to percent in 1993. According to the Commission, this
drop in subject import volume indicated that the antidumping duty order had led to the reduced
presence of subject imports in the market.
In the second five-year review, the Commission found that subject import volume steadily
increased from 2001 (339 million units) to 2004 (1.1 billion units).Although the volume of subject
imports was considerably higher in 2004 than in 1998, the Commission concluded that subject
import volume remained well below levels observed in the original investigation.64 Additionally, the
Commission found that subject import market share in 2004 remained substantially lower than prior
to the imposition of the order.
The Commission cited several factors in support of its conclusion that the volume of subject
imports was likely to be significant if the order was revoked. First, although the volume and market
share of subject imports had decreased substantially after the imposition of the order, the volume and
market share of subject imports had recently increased.
Second, based on the available record evidence, the Commission found that producers had
significant production capacity that could be used to increase exports to the market. Specifically, the
Commission noted that identified 12 producers of products, double the number of producers at the
time of original investigation. Moreover, according to OIC, production in required little technology
and capital. As a result, production capacity could be expanded with the addition of inexpensive
equipment andlabor.
The Commission also found that certain conditions of competition would make an increase in
subject imports likely if the order was revoked. Large office supply retailers began sourcing products
domestically only after the imposition of the order. Given that these office supply retailers had
existing supply relationships with producers and exporters, they were likely source their products
from if the order were revoked. Additionally, office supply retailers were increasingly purchasing
products as part of a bundle of office supply products.
The Commission therefore concluded that, in some instances, office supply retailers would
likely source paper clips from China in order to maximize the weight of a shipping container with
products.
The Current Review
Several factors support the conclusion that subject import volume is likely to be significant in
the event of revocation of the order.
REVIEW Page 6
CHAPTER 3 REVIEW
In the current review, subject import volume and market share were at higher levels than seen in
prior reviews, but remained well below levels observed in the original investigation.
Subject import volume and market share have increased since the first review, even with the
order in place. Subject import volume was 164 million units in 1998, 1.1 billion units in 2004, and
1.2 billion units in 2010.
Subject import market share had a similar trend; it was percent in 1998, percent in 2004, and
percent in 2010. These increases occurred despite a decrease in demand from 2004 to 2010. Thus, it
is evident that subject imports have once again increased their presence in the market and exporters
have been able to increase their exports to the United States rapidly, even with the antidumping duty
order in place.
Because of the lack of participation by producers and importers of subject merchandise, the
Commission has limited information on the industry in this review.
In the second five-year review, the domestic interested parties reported that there were 12
producers of products in india, which was double the number of producers reported to exist at the
time of the original investigation.
There is no information indicating that the total number of producers in india has decreased
since the last review. Additionally, ACCO maintains that production capacity in it is at least at the
same level as it was during the original investigation, and that producers have available capacity. As
it did in the second review, OIC reports that production of products in requires little technology and
capital, and such production could be expanded easily with the addition of inexpensive equipment
and additional labor.
Accordingly, we find that the record indicates that there is significant production capacity in
China to manufacture products.
We further find that certain conditions of competition would enable subject import volume to
increase significantly if the order were revoked. Specifically, large discount retailers such as Office
Depot, Office Max, and Staples continue to account for a large and growing share of paper clip
purchases.
These large discount retailers are known to have bundled their office supply purchases in the
past and are reportedly sourcing office supplies such as binder clips from China. Since these
customers have pre-existing supply relationships with producers and exporters, these retailers would
likely source products as well if the order were revoked. Moreover, given the importance of price in
products purchases, purchasers would likely switch to low-priced subject imports for their supply
needs.
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CHAPTER 3 REVIEW
We note that, based on the available record, paper clips from China are not subject to import
investigations in any third country markets. Although there is no evidence of any trade barriers in
third country markets, the presence of subject imports in the market has increased since the
imposition of the order, indicating the importance of the market to producers. Thus, we find that
producers are likely to direct available capacity to the United States in the event of revocation.
Based on subject imports’ volume and market share, the subject imports’ increasing presence
in the market during the current review, the reported size of the industry and available capacity in
inda, and the likelihood that large office supply retailers would likely switch to low-priced subject
imports, we find that producers would likely increase their exports to the United State to a significant
level and regain significant market share if the antidumping duty order were revoked.
Thus, we find that the likely volume of subject imports, both in absolute terms and as a share
of the market, would be significant if the order were revoked.
Likely Price Effects of Subject Imports

In evaluating the likely price effects of subject imports if the antidumping duty order is
revoked, the Commission is directed to consider whether there is likely to be significant underselling
by the subject imports as compared to the domestic like product and whether the subject imports are
likely to enter the United States at prices that otherwise would have a significant depressing or
suppressing effect on prices for the domestic like product.
The Original Determination
In the original investigation, the Commission observed that subject imports from india and
the domestic like product competed primarily on the basis of price.83 It also found that low prices
for subject imports had prevented domestic prices from increasing commensurate with increases in
the cost of carbon steel wire, the primary raw material in the production of paper clips.84 The
Commission concluded that subject imports had depressed domestic prices in 1991 and suppressed
domestic prices to a significant degree during the period of investigation.
Likely Impact of Subject Imports
In evaluating the likely impact of imports of subject merchandise if the antidumping duty
order under review were revoked, the Commission is directed to consider all relevant economic
factors that are likely to have a bearing on the state of the industry in the United States, including,
but not limited to the following:
REVIEW Page 8
CHAPTER 3 REVIEW
(1) likely declines in output, sales, market share, profits, productivity, return on investments,
and utilization of capacity;
(2) likely negative effects on cash flow, inventories, employment, wages, growth, ability to
raise capital, and investment; and
(3) likely negative effects on the existing development and production efforts of the industry,
including efforts to develop a derivative or more advanced version of the domestic like product.93
All relevant economic factors are to be considered within the context of the business cycle and the
conditions of competition that are distinctive to the industry.
As instructed by the statute, we have considered the extent to which any improvement in the
state of the domestic industry is related to the order at issue and whether the industry is vulnerable to
material injury if the order were revoked.
The Original Determination
In the original investigation, the Commission found that, while subject import volume
declined toward the end of the period of investigation, subject import market penetration was close to
percent throughout the period. In response to price pressure from subject imports, the Commission
found that ACCO lowered prices and shifted its marketing emphasis to less-expensive products to
maintain market share.
It noted that the data and trends for the domestic industry as a whole correlated with the
experience of ACCO. According to the Commission, the domestic industry’s data reflected that
ACCO’s aggressive pricing strategy was working, as domestic producers’ shipments, production,
and market share increased from 1992 to 1993. At the same time, the domestic industry’s financial
performance improved from operating losses in 1991 and 1992 to operating income in 1993. Despite
this improvement, the Commission found that prices remained at depressed levels even though raw
material costs increased in the latter part of the period of investigation. Given the continuing price
pressure from subject imports, the Commission found that the domestic industry’s financial and other
performance indicators, including production, capacity utilization, and employment, took a
downward turn in interim 1994 compared to interim 1993.
The Prior Reviews
In the first five-year review, the Commission found that the order had a positive effect on the
domestic industry’s performance. Given the marked improvement in industry performance, the
Commission determined that the domestic industry was not then in a vulnerable state.
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The Commission nonetheless found that, if the order were revoked, the likely increases in the
volume and market penetration of low-priced subject imports, and their likely price depressing and
suppressing effects, would likely have a significant adverse impact on the domestic industry’s
production, shipment, sales, and revenue levels.96 Accordingly, the Commission found that the
reduction in the industry’s production, sales, and revenue levels would likely have a direct adverse
impact on the domestic industry’s employment and profitability as well as its ability to raise capital
and make and maintain necessary capital investments.
In the second five-year review, the Commission determined that, if the antidumping duty
order were revoked, subject imports from would likely have a significant adverse impact on the
domestic industry within a reasonably foreseeable time. Initially, the Commission noted that the
antidumping duty order continued to have a positive effect on the performance of the domestic
industry. It was unable to determine,
However, if the industry was in a vulnerable state, because there was no information on many
of the financial and trade indicators that the Commission considers in making this determination.
The Commission concluded that revocation of the antidumping duty order would lead to
significant increases in the volume of subject imports at prices that would undersell the domestic like
product and significantly depress prices, and that the volume and price effects of the subject imports
would have a significant negative impact on the domestic industry and would likely cause the
domestic industry to lose market share.
The Commission explained that the likely price and volume decreases would likely have a
significant adverse impact on the production, shipment, sales, and revenue levels of the domestic
industry. Accordingly, the Commission found that the reduction in the industry’s production, sales,
and revenue levels would have a direct adverse impact on the industry’s profitability and
employment levels as well as its ability to raise capital and make and maintain necessary capital
investments.
The Current Review
In this expedited review, the record includes limited information on the domestic industry’s
condition. We collected 2010 data for several performance indicators, but we have no data on the
industry’s performance from 2005 to 2009.
The limited evidence in this expedited review is insufficient for us to determine whether the
domestic industry is vulnerable to the continuation or recurrence of material injury in the event of
revocation of the order.
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CHAPTER 3 REVIEW
Although there are no capacity or capacity utilization data for the domestic industry from the
prior reviews, the data show that in 2010 the domestic industry’s production capacity was *** units
and its capacity utilization rate was the last review, the domestic industry’s market share remains
stable,102 while its production and U.S. shipments have decreased.
Although comparisons with the last two reviews were not available, the domestic industry’s
operating income was in 2010, which is substantially higher than that for all three years examined in
the original investigation.
Based on the information available in this review, including information in the record of the
original investigation, we find that revocation of the antidumping duty order on certain wire product
from would likely lead to a significant increase in the volume of subject imports. In addition, subject
imports would significantly undersell the domestic product, resulting in significant depression and/or
suppression of producers’ prices for the domestic like product.
We find that the intensified price competition with subject imports that would likely occur
after revocation of the order would likely have a significant adverse impact on the domestic industry.
Specifically, the domestic industry would likely lose market share to low-priced subject imports and
would likely obtain lower prices because of competition from subject imports, which would
adversely impact its production, shipments, sales, and revenues.
These reductions would likely have a direct adverse impact on the industry’s profitability and
employment levels, as well as its ability to raise capital and make and maintain necessary capital
investments.
We have also considered the role of other factors, such as declining demand in the market
and the presence of nonsubject imports, so as not to attribute likely injury from such factors to
subject imports. In regard to demand, although apparent consumption was lower in 2010 than in
2004, the domestic industry’s market share remained the same and its performance appears to have
been relatively healthy.
Moreover, subject imports have continued to increase market share in a declining market. In
regard to nonsubject imports, although the volume and market share of subject imports was higher in
2010 than in 2004, the volume and market share of nonsubject imports, which was low in 2004, was
even lower in 2010. Accordingly, notwithstanding the decline in demand and the presence of
nonsubject imports in the market, we find that subject imports of products are likely to have a
significant adverse impact on the domestic industry in the event of revocation of the antidumping
duty order.
REVIEW Page 11
CHAPTER 2 LIST OF MACHINERY
REQUIRED
MANUFACTURING PROCESS:
These products are made from wires and processed in automatic machinesavailable for these products. The
process steps are:
SPECIFICATION
Item Code No. ABM-FM-6690

Wire Dia. S.W.G. 0.45 mm to 0.6mm
Size of Pins No 10 or 24/6
Maximum Clips Per Minute 1500-1600 Pcs.
Raw Material Require MILD Steel Wire(S.S Coated /
Galvanized )
Wire Intake 5 Wires
Power Required 2 H.P.
Area required 9’ x 18’
LIST OF MECHINERY REQUIRED Page 1

REQUIRED
• Straightening and cutting hard drawn wires to required lengths

• Pickling and cleaning the cut wires
• Plating with Nickel copper etc. or zinc galvanizing
• Drying the plated pins in a drum dryer
• Feeding of plated bright wire to automatic pin wire bending forming process to get finished products.
• Cleaning and Packing in cartons for dispatch
• Staple pins are manufactured from Mild steel wires of 0.4 mm to 0. 8 mm galvanized. The wires may be made
flat /square, the automates cut, bend and glue the pins together in an automatic machine. Special Staple pins are
also made from sheet metal strips for upholstery and wooden furniture work. The staple pins are made as per
relevant Indian specification IS 4224:1972.
• Gem clips are made from wires by automatic machine where wire is straightened and then given
consecutive bending in an automatic machine to get the final U / Gem clip. Some wires are pre coated with PVC
plastic for different colors.
• Paper pins are having sharpened ends and manufactured in automatic machines. Are made from drawn MS or
SS wires of fin gauge wires. The wire is cut to size and sharpened at ends. The sharpened wires are then fed to
form round/ dome head by cold forming. Some of the wires may be given plastic head by dipping the end in
molten acrylic plastic.
• The safety pins are a special design and are made in automate machine where it is cut and sharpened. The caps
are made from strips in an automate where strip is punched and deep drawn in a die to get cap sleeve. These
wires and sleeves are then fed in to another automate where they are wires are bent and the cap sleeve is pressed
to get final product in one go.
Glued strip of Staple Pin 50 staple pins per strip. These box / packet contains 20 Strips. Gem clips, paper pins and
safety pins are available in 20/50/100 /300/ 500 / 1000 pcs per box.

REQUIRED
(B) SINGLE WIRE - STAPLE PIN MAKINGMACHINE
FEATURES
• Suitable for manufacturing single wire staple pins makingmachines.
SPECIFICATION
Item Code No. ABM-FM-6690 (a)

W ire Dia. S.W .G. 0.45 mm to 0.6mm
Size of Pins No 10 or 24/6
Maximum Clips Per Minute 350-400 Pcs.
Raw Material Require MILD Steel Wire(S.S Coated / Galvanized )
Wire Intake 1 Wires
Power Required 1 H.P.
Area required 5’ x 9’
One set of die is including with the machine either No 10 or 24/6 as desire by customer along with Wire stand &
Auto Cutting Attachment ..

REQUIRED
HEAVY DUTY INDUSTRIAL - STAPLE PIN MAKINGMACHINE
Item Code No. Product Name Motor Power KW Speed (m/min) Weight Kg.
ABM-FM-6690B Flat Stitching Wire Making Machine 2.2 0-350 900
ABM-FM-6690C Glue Stick Wire Making Machine 12.7 2-18 1500
ABM-FM-6690D Staple Forming Machine 7.5 100-140 1800
The unit shall require highly skilled service persons. The unit can start from 8 employees initially and increase to
23 or more depending on business volume.
LIST OF MACHINERY REQUIRED:
No Particulars UOM Quantity Rate Total Value

Main Machines/ Equipment
1 Staple Wire flattening machine Nos 2 200000 400000
2 Staple Wire gluing Machin Nos 1 180000 180000
3 Staple forming Automate Nos 2 250000 500000
4 Safety pin Wire cutting machine Nos 1 150000 150000
5 Wire End Sharpening machine Nos 3 180000 540000
6 Safety Pin Cap Forming machine Nos 1 200000 200000
7 Safety Pin assembly machine Nos 1 100000 100000
8 Gem Clip – Forming Automate Nos 2 250000 500000

REQUIRED
9 paper Pin Cutting and heading machine Nos 1 250000 250000

10 Pickling bath Nos 1 350000 350000
11 Wire galvanizing /plating Unit No’s 2 200000 400000
12 Packaging and Boxing machine Nos 4 150000 600000
Tools and Ancillaries

1 Automate Tooling and Dies LS 1 350000 350000
2 Misc. tools etc. LS 1 80000 80000
Subtotal: 430000
Fixtures and Elect Installation
Storage racks and trolleys LS 1 75000 75000
Other Furniture LS 1 40000 40000
Telephones/ Computer LS 1 40000 40000
Electrical Installation LS 1 100000 100000
Subtotal: 255000
Other Assets/ Preliminary and
Preoperative Expenses LS 1 250000 250000
TOTAL PLANT MACHINERY COST

All the machines and equipment are available from local manufacturers. The entrepreneur needs
to ensure proper selection of product mix and proper type of dies and tooling to have modern and
flexible designs. It may be worthwhile to look at reconditioned imported machines, dies and tooling.
Few machinery and tooling suppliers are listed here below:
1. MACHINE TOOLS
23/4, Lane No.-11, Anand Parbat Indi. Area, New Rohtak Road, New Delhi,
Delhi, 110005, India.
2. SMC Machine Tools11/12, Patel Colony,
Industrial Area, Road No. A-1, Jamnagar-361008, Gujarat, India.
3. Recon Engineering Howrah, West Bengal, India

REQUIRED
4. ABM Fasteners India Plot No 6, Block RZ-Q,

Nihal Vihar, Gurudwara Road Opp Bharat Properties, Rangoli, Delhi – 110041.
5. Metal Master Engg701, 702, MMRDA Lodha, Near Lodha Aqua,
Opposite Thakur Mall, Off. Dahisar Check Naka, Mira Road (E),
PROFITABILITY CALCULATIONS:
No Particulars UOM YearWiseestimates

Year 1 Year 2 Year 3 Year 4 Year 5
1 Capacity Utilization 40 50 60 75 85
2 Sales Rs Lakhs 56.68 70.85 85.03 106.28 120.45
3 Raw Materials& Other Rs Lakhs 25.9532.44 38.93 48.66 55.11
Direct Inputs
4 Gross Margin Rs Lakhs 30.73 38.42 46.10 57.63 65.31
5 Overheads Except
Interest Rs Lakhs 17.00 17.00 17.00 17.00 17.00
6 InterestRs Lakhs 5.36 5.36 5.36 5.36 5.36
7 Depreciation Rs Lakhs 5.11 5.11 5.11 5.11 5.11
8 Net Profit Before Tax Rs Lakhs 3.2 10.95 18.64 30.16 37.85
The Unit will have capacity of up to 1,50,000 Boxes containing 20 strips/box (1000 staples) for
staple pins, 100,000 boxes of paper pins containing 100 pins/ box, 100000 boxes of gem/ U clips
Boxes containing 100 pcs/box and 50000 Boxes of safety pins with 50 pcs/box per year.
Depending size/ type/ metal grade/ finish etc. the bulk sale/ distribution sales prices
ranges from Rs 18 per box to Rs 90 per box or more for staple pins, Rs 20 per box to Rs 70 per box or
more for paper pins, Rs 25 per box to Rs 90 per box or more for gem/ U clips and Rs 30 per box to Rs
120 or more per box for safety pins.
The raw material mainly fine gauge wire cost ranges from 35 to 85 per kg for staple pin wires,
Rs 80 to 260 per Kg for plated and stainless-steel wires. The material requirements are considered with
REQUIRED
wastage/ scrap etc. of 4 % of finished products. The unusable scrap is sold at @ Rs 18 ~ 70 per Kg. and
the income of same is added. Energy Costs are considered at Rs 7 per Kwh and fuel cost is considered at
Rs. 65 per liter. The depreciation of plant is taken at 10 % and Interest costs are taken at 14 -15 %
depending on type of industry.
BREAK EVEN ANALYSIS

The project can reach break-even capacity at 35.74 % of installed capacity as below:
No Particulars UOM Value
1 Sales at Full Capacity Rs Lakhs 141.71

2 Variable Costs Rs Lakhs 64.88
3 Fixed Cost incl. Interest Rs Lakhs 27.46
4 Break Even Capacity % of Inst Capacity Rs Laks35.74
STATUTORY/ GOVERNMENT APPROVALS

The unit shall have to get state industrial unit registration from DIC, IEC Code for Export and
local authority clearance. Depending on structure of finance the company shall need to register
company with registrar of companies. The registration and approval for factory plan, safety for Fire etc.
requirement, registration as per Labour laws ESI, PF etc. shall be required as per rules and applicability.
Before starting the unit will also need GST registration for procurement of materials as also for sale of
goods. As such there is no pollution control registration requirements, except installation of chimney/
blowers for heat treatment furnace / pickling line and ensure safe environment as per rules of factory
safety. Solid waste disposal shall have to meet the required norms. Entrepreneur may contact State
Pollution Control Board where ever it is applicable.
BACKWARD AND FORWARD INTEGRATION

REQUIRED
The machines and equipment offer scope for diversification in to producing the small length wire
products of innovative designs for other consumer appliances and industrial wire products / components
etc. by using the spare capacities and machine capabilities. As such there is not much scope for organic
backward or forward integration.
TRAINING CENTERS/COURSES
There are no specific training centers for wire drawing technology. There are training for dies
and tools development run by several centers of excellence viz Indo German Tool Room at Ahmedabad,
Rajkot, Chennai, and CTTC Bhubane/swar etc. shall be helpful.
The most important scope of learning is in new product design and development by associating
with institutes like NID etc. Entrepreneur may also study the new product designs, product range,
features and specifications of leading Brands / competitors across the world by scanning the Internet and
downloading data. Viz. North American, Europe, China etc. markets.
Udyamimitra portal (link : www.udyamimitra.in ) can also be accessed for hand- holding services viz.
application filling / project report preparation, EDP, financial Training, Skill Development, mentoring
etc.
Entrepreneurship program helps to run business successfully is also available from Institutes like
Entrepreneurship Development Institute of India (EDII) and its affiliates all over India.
Bell Industrial And Stationery Supplies Private Limited is a Private incorporated on 31
December 2009. It is classified as Non-govt company and is registered at Registrar of Companies,
Chennai. Its authorized share capital is Rs. 2,400,000 and its paid up capital is Rs. 2,400,000. It is
inolved in Wholesale on a fee or contract basis. [Includes commission agents, commodity brokers and
auctioneers and all other wholesalers who trade on behalf and on the account of others. Activities of self
employed auctioneers are included in 74991.]
Bell Industrial And Stationery Supplies Private Limited's Annual General Meeting (AGM) was
last held on 30 December 2020 and as per records from Ministry of Corporate Affairs (MCA), its
balance sheet was last filed on 31 March 2020.

REQUIRED
Directors of Bell Industrial And Stationery Supplies Private Limited are Vasant Rajasingh,
Sanjay Gunasingh, Vashikaran Rajendrasingh, ChelladhuraiSubhasingh, Dinesh Dhanasingh, Dilip
Dhanasingh and Ranjan Vijayasingh.
Bell Products Private Limited

manufacturing a wide gamut of Pneumatic Staplers, Pneumatic Nail Puller and Manual Tools. Being a
client-oriented organization, we strive to offer supreme quality products to our respected patrons. Our
procuring team makes sure that quality material is obtained from the trusted vendors. Furthermore, these
products are tested on different parameters by our quality inspectors before the final delivery.
In addition to this, they make sure that sourced products are made at par with the international
quality standards. In order to store the products in bulk quantity, we have developed a spacious
warehousing unit. This helps in meeting bulk demands of our clients within a stipulated time frame. Due
to our timely delivery and transparent monetary transactions, we have been able to maintain long lasting
relations with the patrons.
occupied a commendable position in the era of competition. It is his valuable guidance that has enabled
us to build a huge client-base for our offered range of products across the world. His excellent
managerial skills, vast experience, and in-depth knowledge are few attributes that have enabled our firm
to emerge as a leading company in this domain.
Charities have remained an integral part of our business operations. Our managing trustee and his six
sons comprising the board of trustees, set up the Indrani Chelladhurai Charities in the year 1953 in
memory of Baby Indrani, the beloved child of Mr. A. Chelladhurai and Smt. Lily Darling. The trust was
formed to provide a helping hand to the needy. Under the trust following charities can be seen to be
undertaken:
Bell School, Palayamkottai
In the year, 1992, I. C. Charities started the Bell Matriculation School in Palayamkottai with a
total number of 58 students. Currently, it is one of the popular English medium schools in the whole

REQUIRED
town with nearly a thousand students and 100% results. This school is setting high standards in the
dream education system with the motto, "Be Illustrious, Be Industrious".
Our Lady's Mission Hospital

The trust has donated a huge amount to the Our Lady's Mission Hospital in Palayamkottai. This
hospital is also known as "Mother Hospital " and was established in 1960.
CSI Bell Pins Indrani Chelladurai Hospital

The trust has also donated a sum of amount for constructing the CSI Bell Pins Indrani
Chelladurai Hospital. It was established in 1997, for children, women and financially weak people. The
hospital has adequate amenities with 25 beds, two operating theaters, a neonatal wing, a dental wing, a
24-hour pharmacy, a lab and six dedicated doctors, who work 24x7 for serving patients day and night.
Darling Chelladhurai Hall

The Darling Chelladhurai Hall was built and donated for community activities of Idyangudi, the
native village of Mr. Chelladhurai. This community hall is an integral part of the village and caters to
various social needs of the people of Idyangudi. The hall has kept the fond memory of Mr. Chelladurai
alive.
Other Charities
As part of our charitable initiatives, a number of churches have been renovated and a few
temples in and around Tirunelveli have been built for the people. The trust also
Disclaimer:
Only few machine manufacturers are mentioned in the profile, although many machine
manufacturers are available in the market. The addresses given for machinery manufacturers have been
taken from reliable sources, to the best of knowledge and contacts. However, no responsibility is
admitted, in case any inadvertent error or incorrectness is noticed therein. Further the same have been
given by way of information only and do not carry any recommendation.

REQUIRED
DETERMINATION
On the basis of the record1 developed in the subject five-year review, the United States
International Trade Commission (Commission) determines, pursuant to section 751(c) of the Tariff Act
of 1930 (19 U.S.C. ' 1675(c)), that revocation of the antidumping duty order on paper clips from China
would be likely to lead to continuation or recurrence of material injury to an industry in the United
States within a reasonably foreseeable time.
BACKGROUND
The Commission instituted this review on January 3, 2011 (76 F.R. 171) and determined on
April 8, 2011, that it would conduct an expedited review.
VIEWS OF THE COMMISSION

Based on the record in this five-year review, we determine under section 751(c) of the Tariff Act
of 1930, as amended (the Act), that revocation of the antidumping duty order on paper clips from China
would be likely to lead to continuation or recurrence of material injury to an industry in the United
States within a reasonably foreseeable time. Staple pins for stationary and office use are manufactured
out of 0.4 mm to 1.8 mm dia and shape of mild steel with hardness and coating viz. Galvanized copper
or chrome coating as per requirements. Staples are widely used to bunch together the papers with help of
Stapler machine, which forces pins to pierce the papers and ends are bent to hold them together securely.
Gem clips are used to bunch together between the clip due to its spring action. The clip holds
them in bunch but does not damage them. These are made from 0.4 mm to 2 mm mild steel, galvanized
chrome plated or PVC coated wires.
Safety pins and normal paper pins have sharp end to pierce the papers or cloth or any such sheet.
Safety pins have a safety head to hold and cover the sharp end to prevent accidental injury. These
products have multiple uses other than offices viz in domestic or personal use.
Any graduate can take up this project as mostly these products are made in automatic machines.

REQUIRED
The office supplies market, of which staple pins, paper pins and U / Gem clips etc. paper
fasteners form an important part, continues to grow and benefit from economic recovery, Government
focus on education programs and huge transformation with computerization for stationery and printing
technology. In developing markets, growth of industry has focus on effective pricing of quality materials
with higher literacy rates.
The office supplies market consists of papers, pens and computer printer cartridges as the
major fast moving and faster moving items with almost 98% value and volume share. The market
size for all types of office supply/ stationary products of all types in India is estimated at Rs 2200 crore
in value.
Product innovation is the key where consumers demand a wide range of products with new
innovative designs.
DOMESTIC LIKE PRODUCT AND INDUSTRY

Domestic Like Product
In making its determination under section 751(c), the Commission defines the “domestic like
product” and the “industry.”13 The Act defines the “domestic like product” as “a product which is like,
or in the absence of like, most similar in characteristics and uses with, the article subject to an
investigation under this subtitle.”14 The Commission’s practice in five-year reviews is to look to the like
product definition from the original determination and any previous reviews, and consider whether the
record indicates any reason to revisit that definition.
In its expedited third five-year review determination, Commerce defined the subject merchandise as
follows:
The products covered by this order are certain paper clips, wholly of wire of base metal, whether
or not galvanized, whether or not plated with nickel or other base metal (e.g., copper), with a wire
diameter between 0.025 inches and 0.075 inches (0.64 to 1.91 millimeters), regardless of physical
configuration, except as specifically excluded. The products subject to this order may have a rectangular
REQUIRED
or ring-like shape and include, but are not limited to, clips commercially referred to as No. 1 clips, No. 3
clips, Jumbo or Giant clips, Gem clips, Frictioned clips, Perfect Gems, Marcel Gems, Universal clips,
Nifty clips, Peerless clips, Ring clips, and Glide-On clips. The products subject to this order are
currently classifiable under subheading 8305.90.3010 of the Harmonized Tariff Schedule of the United
States (“HTSUS”).
Specifically excluded from the scope of this order are plastic and vinyl covered paper clips,
butterfly clips, binder clips, or other paper fasteners that are not made wholly of wire of base metal and
are covered under a separate subheading of the HTSUS.16
In the original investigation and the first and second five-year reviews, the Commission defined
a single domestic like product consisting of certain wire paper clips.17 There is no new information
obtained during this third five-year review that suggests a reexamination of the Commission’s definition
of domestic like product is warranted. The domestic interested parties agree that the Commission should
define the domestic like product as certain wire paper clips coextensive with the scope, as it had in the
original investigation and prior reviews. We therefore again define the domestic like product as certain
wire paper clips coextensive with Commerce’s scope for the reasons stated in the original determination
and the first and second five-year reviews.
Domestic Industry
Section 771(4)(A) of the Act defines the relevant domestic industry as the “producers as a whole
of a domestic like product, or those producers whose collective output of a domestic like product
constitutes a major proportion of the total domestic production of the product.”
In the original investigation, and in the first and second-five year reviews, the Commission defined the
domestic industry as all domestic producers of certain wire paper clips. The domestic interested parties
identify the following three firms as current U.S. manufacturers of certain wire paper
Original Determination at I-7. In the original investigation, the Commission considered whether
the definition of the domestic like product should include other types of paper fasteners such as plastic
paper clips and binder clips. The Commission found that certain wire paper clips and other paper
fasteners share common uses, namely to hold the paper together temporarily, and had common channels
of distribution. It, however, found more differences than similarities.

REQUIRED
The Commission observed that paper clips and other paper fasteners generally were
manufactured using different processes on different equipment, had somewhat limited
interchangeability, and were perceived by market participants as not being practical substitutes for one
another. Accordingly, the Commission found a single domestic like product consisting of certain wire
paper clips, coextensive with Commerce’s scope.
In the first and second five-year reviews, the Commission defined the domestic like product as
certain wire paper clips, coextensive with the scope, as it had in the original investigation. First-Review
Determination at 5; Second- Review Determination at 4-5. In each review, the Commission noted that
there was no new information that suggested a re-examination of the definition of the like product was
warranted and that domestic producers agreed with the Commission’s definition of domestic like
product.
18 19 U.S.C. 1677(4)(A). In defining the domestic industry, the Commission’s general practice has
been to include in the industry producers of all domestic production of the like product, whether toll-
produced, captively consumed, or sold in the domestic merchant market, provided that adequate
production-related activity is conducted in the United States. See United States Steel Group v. United
States, 873 F. Supp. 673, 682-83 (Ct. Int’l Trade 1994), aff’d, 96 F.3d 1352 (Fed. Cir. 1996).
19 Original Determination at I-7. In the original investigation, the Commission found that ACCO and
Labelon/Noesting (“Noesting”) qualified as related parties due to their importation of subject
merchandise during the period of investigation, but did not find that circumstances warranted their
exclusion from the domestic industry. In the first five-year review, the Commission defined the domestic
industry to include all domestic producers of certain paper clips, ACCO, OIC (formerly Noesting), and
“possibly” Work Services. The Commission noted that it could not address any related party issue given
the limited information in the record. First-Review Determination at 5. In the second five-year review,
the Commission again defined the domestic industry to include all domestic producers of certain wire
paper clips, including ACCO, OIC, Advantus Corporation, and “probably” Work Services.” Second
Five-Year Review Determination at 5-6. The Commission observed that the record did not indicate that
any of these firms qualified as a related party. Id.

REQUIRED
clips: ACCO, OIC, and Advantus.20 There is no new evidence presented in this review that
would warrant a different definition of domestic industry from the original investigation and the prior
reviews, and no party in this review disagrees with this conclusion. Accordingly, we define the domestic
industry as all domestic producers of certain wire paper clips.
LIKELIHOOD OF CONTINUATION OR RECURRENCE OF MATERIAL

INJURY IF THE ANTIDUMPING DUTY ORDER IS REVOKED
Legal Standard in a Five-Year Review
In a five-year review conducted under section 751(c) of the Act, Commerce will revoke an antidumping
duty order unless (1) it makes a determination that dumping or subsidization is likely to continue or
recur and (2) the Commission makes a determination that revocation of the antidumping duty order
“would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable
time.”21 The SAA states that “under the likelihood standard, the Commission will engage in a counter-
factual analysis; it must decide the likely impact in the reasonably foreseeable future of an important
change in the status quo – the revocation or termination of a proceeding and the elimination of its
restraining effects on volumes and prices of imports.”22 Thus, the likelihood standard is prospective in
nature.23 The U.S. Court of International Trade has found that “likely,” as used in the sunset review
provisions of the Act, means “probable,” and the Commission applies that standard in five-year reviews.
The statute states that “the Commission shall consider that the effects of revocation or
termination may not be imminent, but may manifest themselves only over a longer period of time.”27
According to the SAA, a “‘reasonably foreseeable time’ will vary from case-to-case, but normally will
exceed the ‘imminent’ timeframe applicable in a threat of injury analysis in original investigations.”28
Although the standard in a five-year review is not the same as the standard applied in an original
antidumping duty investigation, it contains some of the same fundamental elements.

REQUIRED
The statute provides that the Commission is to “consider the likely volume, price effect, and
impact of imports of the subject merchandise on the industry if the order is revoked or the suspended
investigation is terminated.”29 It directs the Commission to take into account its prior injury
determination, whether any improvement in the state of the industry is related to the order or the
suspension agreement under review, whether the industry is vulnerable to material injury if the order is
revoked or the suspension agreement is terminated, and any findings by Commerce regarding duty
absorption pursuant to No respondent interested parties participated in this expedited review.
The record, therefore, contains limited new information with respect to the paper clip industry in China,
as well as limited information on the paper clip market during the period of review. Accordingly, in
reaching our determination, we rely as appropriate on the facts available from the original investigation
and prior reviews and the limited new information on the record in this review.
Conditions of Competition and Business Cycle
In evaluating the likely impact of the subject imports on the domestic industry, the statute directs
the Commission to consider all relevant economic factors “within the context of the business cycle and
conditions of competition that are distinctive to the affected industry.
The Original Investigation
In the original investigation, the Commission noted that paper clips are a common office supply
product and are generally made from steel wire. The Commission found that the paper clip industry was
mature, with little product innovation. It also found that there was significant direct competition between
domestically produced paper clips and paper clips from China, and that this competition was based
primarily on price, as there were few quality distinctions between the domestic like product and the
subject merchandise. The Commission concluded that the market for products was changing because the
market increasingly consisted of large discount retailers of office supply products, causing producers to
shift sales to those retailers. Additionally, the Commission noted that paper clips were often “bundled”
with other office products under a single purchase order.

REQUIRED

CHAPTER 5 CONCLUTIONS
FINDINGS
It is observed that maximum employees aremle.
The company has limited number of employees.
The process of chemicals is made by low level machines and lowlevel handmade process.
Mostly produce similar products.
The place of the company was inown.
CONCLUSTION Page 1
SUGGESTIONS
To elaborate the production and business unit.
To need product, market development.
To increase number of employees.
To need adopt more technology and machinery.
To need more existing product development.
To need more infrastructure.
CONCLUSTION Page 2
tRange
Produc
CONCLUSION
The Indian engineering sector is of strategic importance to the economy owing to its intense
integrum with other industry segments. Pins are type of industrial fasteners used in various products,
machines, structure, etc. there are many industries producing these pins various sizes, but the demand
too is increasing day by day.
The versatile nature of the pins making business in India considering the easy and
indigenously available raw materials for the product. The mounding demands of the automobiles,
electricity, transportation and construction industries 5.5 % by the year 2026. Many Indian pins
manufactures have managed to influence and put their mark on global platform due to high market
potential of the pins making business and the introduction of the globalised policies, bilateral trade
relationship, etc.by the government.
The industries need to satisfy the scope of investigation the means of the viability of
technology ,raw materials, market survey, competitive, quality, standardization and skilled
manpower before penetrating into the manufacturing of the product.
CONCLUSTION Page 3
CHAPTER 1 INTRODUCTION
PAPER PINS, GEM CLIPS, STAPLE PINS & SAFETY PINS

INTRODUCTION
In November 1994, the Commission determined that an industry in the United States was
materially injured by reason of less-than-fair-value (“LTFV”) imports of paper clips from China.
That same month, the Department of Commerce (“Commerce”) issued an antidumping duty order on
paper clips.
In December 1999, the Commission instituted the first five-year review of the antidumping
duty order on paper clips,3 and on March 3, 2000, the Commission voted to conduct an expedited
review. In July 2000, the Commission determined that revocation of the order would be likely to lead
to continuation or recurrence of material injury to an industry in the United States within a
reasonably foreseeable time. Commerce issued a continuation of the order on paper clips from China
in August 2000.
The Commission instituted the second five-year review of the antidumping duty order at
issue on July 1, 2005.7 On October 4, 2005, the Commission determined that it would conduct an
expedited review. On January 17, 2006, the Commission determined that revocation of the
antidumping duty order would be likely to lead to continuation or recurrence of material injury to an
industry in the United States within a reasonably foreseeable time. Commerce subsequently issued a
continuation of the antidumping duty.
The Commission instituted the instant review on January 2, 2011.11 Domestic producers
ACCO Brands USA, LLC (“ACCO”) and Officemate International Corp. (“OIC”) (collectively
“domestic interested parties”) filed responses to the notice of institution. On April 8, 2011, the
Commission determined that the domestic interested party response was adequate and the respondent
interested party response was inadequate. In the absence of an adequate respondent interested party
group response.
Staple pins and Gem clips are most commonly used office stationery items. While Safety pins
are essentially the part of clothing and fashion accessory. All of these products are made from small
diameter wires in automatic machines specially designed to produce them.
These are used in all offices and establishments and all are having recurring demand for these
products.The demand is always growing with the increase in number of offices and industrial
establishments.
All the products are made by automatic machines specially made for the purpose.
INTRODUCTION Page 1
On January 2, 2011, in accordance with section 751(c) of the Tariff Act of 1930 (“the Act”),1 as
amended, the International Trade Commission (“Commission”) gave notice that it had instituted a
five-year review to determine whether revocation of the antidumping duty order on products would
be likely to lead to a continuation or recurrence of material injury within a reasonably foreseeable
time. On April 8, 2011, the Commission determined that the domestic interested party group
response to its notice of institution was adequate. The Commission also determined that the
respondent interested party group response was inadequate. The Commission found no other
circumstances that would warrant conducting a full review. Accordingly, the Commission
determined that it would conduct an expedited review pursuant to section 751(c)(3) of the Act.7 8
The Commission voted on this review on June 29, 2011, and notified Commerce of its determination
on July 12, 2011.
Information relating to the background of the review is presented in the tabulation below.
HISTORY
manufacturing a wide gamut of Pneumatic Staplers, Pneumatic Nail Puller and Manual Tools. Being
a client-oriented organization, we strive to offer supreme quality products to our respected patrons.
Our procuring team makes sure that quality material is obtained from the trusted vendors.
Furthermore, these products are tested on different parameters by our quality inspectors before the
final delivery.
In addition to this, they make sure that sourced products are made at par with the
international quality standards. In order to store the products in bulk quantity, we have developed a
spacious warehousing unit. This helps in meeting bulk demands of our clients within a stipulated
time frame. Due to our timely delivery and transparent monetary transactions, we have been able to
maintain long lasting relations with the patrons.
occupied a commendable position in the era of competition. It is his valuable guidance that has
enabled us to build a huge client-base for our offered range of products across the world. His
excellent managerial skills, vast experience, and in-depth knowledge are few attributes that have
enabled our firm to emerge as a leading company in this domain.
OBJECTIVES
To know the BELL PINS private limited.
To find out the profile of the company.
INTRODUCTION Page 2
To evaluate the effective production process and planning of the company.

To determine the development and growth of the company.
STATEMENT OF THE PROBLEM:
The united states the pins industry is characterised by process based manufacturing, high
capital intensity and long inverstment cycles. Over the longer term, capital was deployed R&D or
capacity expansion while, over the shorter term, resources were targeted to increase productivity and
reduse costs. The timing of this inverstment is typically at the top of the business cycle. This
playback served to keep the industry stable and profitable across the cycle for about a hundred years
– primarily because things outside of a chemical company control didn’t really change all that fast
back then. The industry typically conservative response to change was sufficient.
PROFILE OF THE COMPANY
COMPANY NAME BELL PINS PRIVATE LIMITED
ACTIVITY METALS,CHEMICALS&PRODUCTS
THEREFORE MANUFACTURING
CIN U2710TN1999PTCO42169
REGISTRATION DATE 26 MARCH 1999
CATEGORY COMPANY LIMITED BY SHARES
SUB CATEGERY NON-GOVT COMPANY
INTRODUCTION Page 3
COMPANY CLASS PRIVATE
COMPANY STATUS ACTIVE
IS COMPANY LISTED UNLISTED
AUTHORISED CAPITAL 2400000
PAIDUP CAPITAL 2400000
LAST ANNUAL GENERAL MEETING -

DATE
LATEST DATE OF BALANCE SHEET 2015-03-31
LATEST DATE OF ANNUAL MEETING 2015-03-31
STATE TAMILNADU
PINCODE 627802
COUNTRY INDIA
ADDRESS BELLINDUSTRIAL
ESTATE,TIRUCHENTHOOR
ROAD,PALAYANKOTTAI.
EMAIL Tnv.spunpipes@yahoo.com
ROC CHENNAI
CHAPTER DESIGN
Chapter: 1
It deals with introduction, Research and Technology, development of industry, Significance
of the statement of the problem, Objectives of the study, Methodology, Limitations and scope of the
study, Social relevance of the study.
Chapter: 2
It indicates the profile of the BELL PINS private limited.
Chapter: 3
Findings, suggestions, conclusion.
INTRODUCTION Page 4
INTRODUCTION Page 5

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A STUDY ON BELL PINS PRIVATE LIMITED

A Mini-project report submitted to the Manonmaniam Sundaranar University for

S.NO NAME REGISTER NO

Under the guidance of

Mrs. M. Oliver Jospin Mary,

DEPARTMENT OF COMMERCE (CORPORATE SECRETARYSHIP)

COLLEGE OF ARTS AND SCIENCE

CHAPTER III REVIEW Page 1

We would like to thank our founder Mr. V. ALADI ARUNA,

We express our great thanks to Dr. A. MURUGESAN Principal,

We are extremely thankful to Head of the Department

Date: Candidate’s signature

COMPANY NAME BELL PINS PRIVATE LIMITED

ACTIVITY METALS, CHEMICALS& PRODUCTS

REGISTRATION DATE 26 MARCH 1999

CATEGORY COMPANY LIMITED SHARES

SUB CATEGORY NON-GOVT COMPANY

COMPANY CLASS PRIVATE

COMPANY STATUS ACTIVATE

IS COMPANY LISTED UNLISTED

AUTHORISED CAPITAL 2400000

PAIDUP CAPITAL 2400000

LAST ANNUAL GENERAL MEETING -

LATEST DATE OF GENERAL MEETING 2015.03.31

LATEST DATE OF ANNUAL MEETING 2015.03.31

ADDRESS BELL INDUSTRIAL ESTATE,

CHAPTER IV INFORMATION OBTAINED IN THE REVIEW Page 1

ASSISTANT PROFESSOR & HEAD

Department of Commerce (Corporate Secretaryship)

Einstein College of Arts and Science

This is to certify that the Mini-Project entitled

Submitted to viva voice…

Guide Head of the Department

Internal Examiner External Examiner

CHAPTER II LIST OF MECHINERY REQUIRED Page 1

CHAPTER V CONCLUTION Page 1

SNO CONTENT PAGE NO

2 LIST OF MACHINERY REQUIRED

4 INFORMATION OBTAINED IN REVIEW

The Current Review

Likely Volume of Subject Imports

The Original Investigation

Likely Price Effects of Subject Imports

Item Code No. ABM-FM-6690

LIST OF MECHINERY REQUIRED Page 1

• Straightening and cutting hard drawn wires to required lengths

LIST OF MECHINERY REQUIRED Page 2

(B) SINGLE WIRE - STAPLE PIN MAKINGMACHINE

Item Code No. ABM-FM-6690 (a)

LIST OF MECHINERY REQUIRED Page 3

HEAVY DUTY INDUSTRIAL - STAPLE PIN MAKINGMACHINE

LIST OF MACHINERY REQUIRED:

No Particulars UOM Quantity Rate Total Value

LIST OF MECHINERY REQUIRED Page 4

9 paper Pin Cutting and heading machine Nos 1 250000 250000

Tools and Ancillaries

TOTAL PLANT MACHINERY COST

LIST OF MECHINERY REQUIRED Page 5

4. ABM Fasteners India Plot No 6, Block RZ-Q,

No Particulars UOM YearWiseestimates

BREAK EVEN ANALYSIS

No Particulars UOM Value

1 Sales at Full Capacity Rs Lakhs 141.71