Risk Factors

o Two promoters are involved in criminal proceedings

o Received few show cause notices in the following heads
Customs act, 1962
Employee provident fund act,1952
Chargesheet against our promoter
o Dependent on few customers any reduction or interruption in the business
Of key customer or substantial decrease in the order placed by a key
customer
May have adverse impact on the business
o No formal long term arrangements with the suppliers and customers.Any
significant variation in supply and demand may adversely affect the
organization

o Exchange rate fluctuations may adversely affect the companys

financial performance

Summary of Industry
70 percent of bearings are used in industry other than automobile
In india few companies are only manufacturing industrial bearings
Like NEI,NRB,ABC and TATA but mostly imported from
Europe,japan and other countries.India accounts for less than 5
percent of world bearing market.

Indian Bearing Market

The indian manufacturers are able to meet more than
three-fourth of the demand for general purpose
bearings.The indian bearing industry comprises more
than 500 types of bearings.Indian manufacturers do not
produce special purpose bearing as the demand for the
same is low and investments required are high as
bearings is a capital intensive industry

Summary of business
Incorporated in the year of 1991 by Mr Gordhanbhai Changela and started
manufacturing customized bearing rollers in unit 1 in the year 1992 in the
state of Gujarat. Company manufactures taper rollers, spherical rollers
Strengths
One of the key players of finished cylindrical and taper roller
manufacturers in india
Wide and stable customer base
Well experienced organization
Wide product range
Quality products
Prime factory location

Business strategy
The enhance market share by expanding our business
with more OEMs and expanding export business
To continue expanding our business by including new
customized products and services
Innovations in products
Optimal utilization of resources