the southern india engineering manufacturers’ association · chansuba pumps p ltd vice-presidents...

- 1 -63rd AnnuAl RepoRt - 2016

tHe SoutHeRn InDIA enGIneeRInG MAnuFACtuReRS’ ASSoCIAtIon

tHe SoutHeRn InDIA enGIneeRInG MAnuFACtuReRS’ ASSoCIAtIon8/4, Race Course, Coimbatore 641 018

to All MeMBeRS:

notICe

Dear Sirs,

Under provisions of Section 166 read with Section 210 of the Companies Act and as per

Rule No. 41 of the Articles of Association, notice is hereby given that the 63rd Annual General

Meeting of the Association will be held at 5-45 p.m. on Thursday the 23rd June 2016 at N D Hall

of our Association to transact the following business. Please make it convenient to be present at

the meeting.

AGenDA

1. To receive, consider and adopt the Report of the Managing Committee from 1st June 2015 to

31st May 2016.

2. To receive, consider and adopt the Audited Balance Sheet and the Income & Expenditure

Account for the period from 01-04-2015 to 31-03-2016 and the Auditor’s Report thereon.

3. To receive and consider the budget for Income & Expenditure Account and Capital Expenditure

for the financial year 2016-17.

4. To elect

3 Members under category A

4 Members under category B

2 Members under category C

5. To appoint an Auditor and fix his remuneration for the year 2016-17.

For and on behalf of the Managing Committee

Sri V. KrishnakumarDate : 28.05.2016 Vice President

- 2 - 63rd AnnuAl RepoRt - 2016


SuCCeSSIon lISt oF pReSIDentSDr. G.R. Damodaran M/s. P.S.G. Industrial Institute 1952 - 1954Sri D. Balasundaram M/s. Textool Company Ltd. 1954 - 1956Dr. G.R. Damodaran M/s. P.S.G. Industrial Institute 1957 - 1968Sri N. Duraiswamy M/s. Dhandayuthapani Foundry P Ltd. 1969 - 1985Sri G. Varadaraj M/s. P.S.G. Industrial Institute 1986 - 1987Sri R. Somasundaram M/s. Velumani Engineering Industry 1988 - 1990Sri S. Thiruvenkatesalu M/s. S.S. Foundry 1990 - 1992Sri N. Mohan Nambiar M/s. Sabari Engg. & Agro Works 1992 - 1994Sri R.R. Jagannathan M/s. Gopalakrishna Industries 1994 - 1996Sri Mahendran Ramdass M/s. Mahendra Engg. Works 1996 - 1998Sri R.R. Balasundharam M/s. Renghanathan & Sons 1998 - 2000Sri R. Vellingiri M/s. Rangavale Industries 2000 - 2002Sri G. Rajendran M/s. C.R.I. Pumps Pvt. Ltd. 2002 - 2004Sri C R Swaminathan M/s PSG Industrial Institute 2004 - 2006Sri C.R. Shanmughasundaram M/s. Aryen Motors India P Ltd. 2006 - 2008Sri Jayakumar Ramdass M/s. Mahendra Submersible Pumps P Ltd. 2008 - 2010Sri R.R. Ranghanathen M/s. Perfect Engineers 2010 - 2012Sri T.C. Thiagarajan M/s. Chansuba Pumps P Ltd. 2012 - 2014Sri V. Lakshminarayanasamy M/s. Suguna Industries 2014 - 2016

SuCCeSSIon lISt oF Hon.SeCRetARIeSSri D. Govindarajulu M/s. Eastern Electrical Co. 1952 to 1955Sri R. Govindarajan 1956Sri D. Govindarajulu M/s. Eastern Electrical Co. 1956 to 1961Sri V. Ramachandran M/s. Coimbatore Premier Corpn., P Ltd. 1961 to 1965Sri R. Somasundaram M/s. Texmo Industries 1965 to 1971Sri V.V.V. Guruswami M/s. Bharat Foundry 1971 to 1974Sri K. Ramaswamy M/s. Elseetee Industries 1974 to 1980Sri S. Thiruvenkatesal M/s. Sree Srinivasa Foundry 1980 to 1985Sri N. Mohan Nambiar M/s. Sabari Industries 1985 & 1987Sri R.R. Jagannathan M/s. Gopalakrishna Industries 1988 - 1990Sri G. Rajendran M/s. Coimbatore Rajendra Industries 1990 - 1992Sri P. Nithiyananthan M/s. Anand Sanitations 1992 - 1994Sri R.R. Balasundharam M/s. Renghanathan & Sons 1994 - 1996Sri R. Vellingiri M/s. Rangavale Industries 1996 - 1998Sri C.R. Shanmughasundaram M/s. S.A. Ivy Pumps P Ltd. 1998 - 2000Sri K.V. Ganapathi M/s. Broadway Engg. & Trans Co 2000 - 2002Sri Jayakumar Ramdass M/s. Mahendra Submersible Pumps p Ltd 2002 - 2004

SuCCeSSIon lISt oF VICe pReSIDentSSri C.R. Shanmughasundaram M/s. Aryen Motors (I) P Ltd 2002 - 2006Sri Jayakumar Ramdass M/s. Mahendra Pumps P Ltd 2004 - 2008Sri K.V. Ganapathi M/s. Broadway Engg & Trans Co 2004 - 2007Sri R.R. Ranghanathen M/s. Perfect Engineers 2006 - 2010Sri T.C. Thiagarajan M/s. Chansuba Pumps P Ltd 2007 - 2012 Sri V. Lakshminarayanasamy M/s. Suguna Industries 2008 - 2014 Sri K.K. Rajan M/s. Sharp Industries 2010 - 2015Sri V. Krishnakumar M/s. Aquasub Engineering 2012 - 2015Sri K.V. Karthik M/s. Deccan Industries 2014 - 2016



tHe SoutHeRn InDIA enGIneeRInG MAnuFACtuReRS’ ASSoCIAtIonSIEMA Buildings, 8/4, Race Course, Coimbatore 641 018

estd. : 1952Bankers

StAte BAnK oF InDIA Race Course Road Branch, Coimbatore

AuditorM/s. n.R.D. & Co

Chartered Accountants

Registered OfficeSIEMA Buildings, 2nd Floor, 8/4, Race Course, Coimbatore - 641 018

Telefax: 2220014 & 4514014 Mail: [email protected] Website: www.siema.org CIN No.U91110TZ1950NPL000184

MAnAGInG CoMMIttee FoR tHe YeAR 2015-16president

Sri V. Lakshminarayanasamy M/s. Suguna Industries

Immediate past presidentSri T.C. Thiagarajan M/s. Chansuba Pumps P Ltd

Vice-PresidentsSri K.K. Rajan M/s. Sharp Industries Sri V. Krishnakumar M/s. Aquasub Engineering Sr K.V. Karthik M/s. Deccan Industries

MembersSri Aditya Balasundaram M/s. CPC Limited Sri N. Mahendran M/s. Yathi Pumps Sri A Murugesan M/s. VR Foundries Sri K. Ramakrishnan M/s. Best Engineers Pumps Pvt. Limited Sri Ma. Sendhil Kumar M/s. Super Tech Industries Sri N. Sivakumar M/s. Texmo Industries Sri K. Mohan Senthil Kumar M/s. Aqua Flow Sri V. Sundarrajan M/s. Sree Ram Engineers Sri G. Vijaya Ranga Rajan M/s. GSV Industries Sri K. Velusamy M/s. Marks Engineering Sri T Vijay Mohan M/s. S.S. Foundry Sri N. Ravi M/s. PSG Industrial Institute Sri D. Vignesh M/s. Ellen Industries P Ltd. Sri Mithun Ramdas M/s. Mahendra Pumps P Ltd.

Co-opted MembersSmt. J. Mohanasundari M/s. Kayjay Sharp Trendys Smt. G. Krithiha M/s. Sri Raam Air Compressors Cbe P Ltd. Sri R. Karthikeyan M/s. Om Murugan Industries Sri Sai Krishnan M/s. Aryen Motors (India) P Ltd.



63rd AnnuAl RepoRt AnD FInAnCIAl StAteMentS oF tHe ASSoCIAtIon AS At 31st MARCH 2016 toGetHeR WItH

tHe AuDItoR’S RepoRtThe Managing Committee of the Southern India Engineering Manufacturers’ Association, Coimbatore, has pleasure in placing before you the 63rd Annual Report and Balance sheet of the Association as on 31st March 2016 and Income and Expenditure Account for the period from 01.04.2015 to 31.03.2016 together with the Auditor’s Report.

Managing CommitteeAs per the Articles of Association of SIEMA, the following members were elected under the category mentioned below during the 62nd AGM:

i) Category A: From among members with an investment of equal to Rs. 25 lakhs in plant & Machinery (3 members):

For the 3 vacancies of the Managing Committee to be filled-up by members for the above category, we have received the following three valid nominations.

1) Sri. Ma. Sendilkumar M/s. Superteck Industries2) Sri. G. Vijaya Rangha Rajan M/s. GSV Industries3) Sri V. Sundararaj M/s. Sreeram Engineers

ii) Category B: From among members with an investment of above Rs. 25 lakhs but Rs.500 lakhs or less in Plant & Machinery (4 members):

For the 4 vacancies of the Managing Committee to be filled-up by members for the above category, we have received the following four valid nominations.

1) Sri D. Vignesh M/s. Ellen Industries P Ltd2) Sri A. Murugesan M/s. V.R. Foundries3) Sri K. Mohan Senthil Kumar M/s. Aqua Flow4) Sri Mithun Ramdas M/s. Mahendra Pumps P Ltd

iii) Category C: From among members with an investment of more than Rs. 500 lakhs in Plant and Machinery:

For the 2 vacancies of the Managing Committee to be filled-up by members for the above category, we have received the following two valid nominations.

1) Sri. V. Krishnakumar M/s. Aquasub Engineering2) Sri. N. Sivakumar M/s. Texmo Industries

The other continuing members of the Managing Committee for the year 2015-16 are:

Sri. K. Velusamy M/s. Marks Engineering WorksSri. N. Mahendran M/s. Yathi PumpsSri T. Vijay Mohan M/s. S.S. FoundrySri V. Lakshminarayanasamy M/s. Suguna IndustriesSri K.K. Rajan M/s. Sharp IndustriesSri K. Ramakrishnan M/s. Best Engineers Pumps P LtdSri K.V. Karthik M/s. Deccan IndustriesSri Aditya balasundaram M/s. C.P.C. LimitedSri N. Ravi M/s. PSG Industrial Institute



The following members were elected as Office-bearers for the year 2015-16:

Sri V. Lakshminarayanasamy M/s. Suguna IndustriesSri K.K. Rajan M/s. Sharp IndustriesSri V. Krishnakumar M/s. Aquasub EngineeringSri K.V. Karthik M/s. Deccan Industries

The following members were co-opted to the Managing Committee on 27th June 2015 for the year 2015-16:

1) Smt J. Mohanasundari M/s. Kayjay Sharp Trendys2) Mr. R. Karthikeyan M/s. Om Murugan Industries3) Mr. Sai Krishnan M/s. Aryen Motors (India) P Ltd4) Smt. Krithika Ramachandran M/s. Sriram Air Compressors (CBE) P Ltd.

Special InviteesWe thank the following members for their contribution as Special Invitees:

past presidents of SIeMA Sri Mahendra Ramdas, President, COINDIASri R. Jagadeesan, President, Si’TarcSri D. Nandakumar, President, Indian Chamber of Commerce and IndustrySri E.K. Ponnuswamy, President, CODISSIASri R. Saravanan, Chairman, IIF, Coimbatore ChapterSri D. Balasundaram, CPC P LtdSri S. Kuppusamy, Vice President, PSG FoundryDr. Kavidasan, President, Coimbatore Productivity Council,Sri K.V Ganapathi, Broadway Engg. & Transport Co.Sri V. Sundarrajulu, Brooks Engineering Sri P. Parvathakumar, Jai IndustriesSri R. Arun, Suguna IndustriesDr. B. Vinoth, HoD, Robotics Department, PSG CTSri P.R. Periyasamy, Sri Dhanalakshmi FoundrySri M. Palanivel, Deputy Director, Br. MSME DI.Sri A. Sreenivas, GM, and P.S. Manoj, Deputy General Manager, SIDBISmt. N.R. Alamelu, Principal, Ramakrishna Engineering CollegeDr. Sunil S.R. Gangolli, Vice Principal, Info Institute of Engineering.Sri V. Govindarajulu, Principal, Suguna College of Engineering

FInAnCe AnD ACCountSFinancial Position of SIEMA The financial position of SIEMA during the year was satisfactory. The revenue was spent for conducing the meetings/seminars/sessions for the benefit of our members.

Fixed DepositsWe have a deposit as at 31-3-2015 Rs. 35,21,483/-Deposits with bank during the year Rs. 9,48,543/-

Deposits as on 31-3-2016 Rs. 44,70,026/-



We thank our Auditor Mrs. Suguna Ravichandran, M/s. N.R.D. & Co., who represented our case with the department.

Assets purchased During the year we have purchased the following assets:

Two Wheeler at a cost of Rs.49,980/- under buy-back for our old Hero Honda Motor cycle at a cost of Rs.13,000/-.

Air conditioner – Carrier make 1.5 ton at a cost of Rs.33,000/-

MembershipMembers on roll as on 1-4-2015 201New members enrolled during the year 2Total members on roll as on 31-3-2016 203

Business outlookBusiness during the year was not satisfactory. But the demand of Monoblocks and castings has picked-up in the fourth quarter.

Exports of engineering goods have declined compared to previous year.

It was also noted that India and China are discussing to remove import duties for nearly 50% of the goods traded between them, under the proposed Regional Comprehensive Economic Partnership (RCEP) Pact. The decision of the Central Government is another blow to the domestic industry. A suitable representation was personally handed over to Commerce Minister requesting not to sign any agreements.

SIEMA expects the Central and State Governments to extend their support to the engineering sector for their survival.

CSR ACtIVItIeS

Helping flood affected people of Cudalore in December 2015The Managing Committee express its sorrow for the grave situation at Chennai, Cudalore and Neyveli due to heavy floods. SIEMA extended its helping hand with the support of its members and distributed relief materials to the affected people in three phases.

We sent the first load of materials to Thirupanaampakkam (v¸¨£n®£õUP®), Kalaiyur (Pø»³º), and Irandaayiramvilaagam (Cµshõ°µ® ÂÍõP®), villages, Cuddalore on 5th December 2015. The first load of materials were distributed through the District Collector and handed over directly to the affected people. We thank the Collector for deputing a Village Administrative Officer with our team to distribute the materials.

The second lot was directly handed over to the affected people of Vekitampettai Village, Kutinjipadi Taluk, Cuddalore on 9th December 2015 with the help of Mr Karthik, Vice Chairman of the village.

The third and final load of flood relief materials were distributed personally to the affected people at Kattumannarkudi, Nangudi, Nandeeswaramangalam, Thambikottai, Ponnankuppam, Anthapettai, Nellikuppam and S. Puthur at Cuddalore district on 20th December 2015.



The following materials were distributed:

Rice, Bedsheets, Sarees, Dhoties, Lungies, Biscuits , Bread, Water bottle, Dress materials for kids, Napkins, Paste, Brush, Blankets, Provisions like atta, rava, semiya, sambar power, Dhal etc.

The Managing Committee places on record its appreciation to the following members who have contributed liberally for the noble cause

M/s. Suguna Industries & InstitutionsM/s. Aqua Group of CompaniesM/s. Deccan IndustriesM/s. Perfect EngineersM/s. Aqua FlowM/s. Lakshmi CarbonsM/s. Ellen IndustriesM/s. Yathi PumpsM/s. Superteck IndustriesM/s. Pioneer ProductsM/s. Marks EngineeringM/s. Krishnaveni Carbon ProductsM/s. Staff of T. Stanes & CompanyM/s. Aeon Systems P Ltd.M/s. Raja SealsM/s. Golden StampingsM/s. Staff of INS AgraniMr. Anand (COINDIA Staff) & team for their whole-hearted support.

Totally we have donated materials worth of Rs.30 lakhs.

Contribution of open-well Submersible pumps to Chennai Corporation:On a request from Dr. Vijaya Karthikeyan, I.A.S., Commissioner of Coimbatore Municipal Corporation, we have donated 60 Nos. of Openwell Submersible pumpsets of various ranges from 2 to 15 HP to dewater the flood affected areas particularly in Chennai.

We thank

M/s Suguna Industries for contributing 15 NosM/s Mahendra Pumps Pvt. Ltd. for contributing 15 Nos.M/s Aquasub Engineering for contributing 15 Nos.M/s. Deccan Industries for contributing 10 Nos. andM/s. Yathi Pump for contributing 5 Nos.

The total cost of the above Pumpsets are around Rs.50 lakhs. Committee places on record the contributions made by them.

noyalai noki Noyyal River Restoration Federation (NORFED) has launched a project viz., “Noyalai Noki”. This project aims to clean the River Noyyal from Coimbatore to Erode where it joins the River Cauvery.



The programme was held on 26th March 2016 at Kooduthurai, near Alandurai, Coimbatore. Sri Anna Hazare, Social Activist was the Chief Guest for the programme.

tree plantingSIEMA has taken necessary initiatives to educate its members about the importance of tree planting in their factories. Many of our members planted trees around their factories to save the environment. In every meeting, SIEMA creates awareness to the members about tree planting.

SuBjeCtS RelAteD to unIon GoVeRnMent

pre-Budget MemorandumWe have sent a Pre-budget memorandum for the year 2016-17 to Shri Arun Jaitley, Hon’ble Minister of Finance, Government of India requesting to address the following in the ensuing union budget.

a) Special treatment to MSMEsb) TUF for Engineering Industriesc) ISI marked motors & Pumps for all Government purchased) Centre of Excellence for Robotics in Coimbatoree) PF eligibility after 240 daysf) Export promotion and marketing frameworkg) Make in Indiah) Expansion of Coimbatore Airporti) Power supplyj) Reduction of paper work / GST implementation/direct taxes not exceeding 15% for MSMEs.

Letter to Hon’ble Minister of Commerce We understand from a press report that India and China have agreed to remove import duties for nearly 50% of the goods traded between them, under the proposed Regional Comprehensive Economic Partnership (RCEP) Pact. Government has also decided to depute a consultative committee to various parts of our Country to identify goods that can be imported duty free and those that need to be protected.

A letter was sent to Smt. Nirmala Seetharaman, Hon’ble Minister of State for Commerce & Industry, Government of India requesting to depute the Consultative Committee to Coimbatore to get the details from our members.

Consultative Committee Sri V. Krishnakumar, Vice President attended a meeting on 28th September 2015 at Taj Coramandal, Chennai to meet the members of the Consultative Committee of Ministry of Commerce to hear the suggestions of the industry about the proposed RCEP Pact to be signed with China. Sri Krishnakumar handed over a representation giving our suggestions why we should not enter into an agreement with China for permitting Duty free import for 50% of goods traded between India and China.

Based on our representation, we have received a communication from Sri Bipin Menon, Department of Commerce & Industry, Government of India requesting us to furnish the details such as



1) HS Code of Electric Motors, Pumps and Sewage Pumps 2) Details about Domestic Production, Capacity Utilization, Investments, Direct and Indirect Employment and Chinese Price for comparable Products.

Accordingly we have sent the above details with a request not to sign an agreement but instead government should impose an Import duty of 20% for Chinese motors and pumps

Meetings with the Minister of MSMeMr. V. Lakshminarayanasamy, President attended an interaction Session with Shri Kalraj Mishra, Hon ble Minister of Micro, Small and Medium Enterprises, Government of India on 8th June 2015 during his visit to Coimbatore and handed over a representation requesting the following points

• Increase in Plant and Machinery value for MSMEs• The specialized treatment to be given to MSME Units in the areas of market assistance, Bank

finance, Working Capital and term Loans, Government procurement, labour and other statutory acts.

• Uniform Tax Structure for MSME all over the country• Exclusive department to promote exports for MSMEs.• Special financial incentives to be given to individual units having yearly growth more than 50%

Meeting with environment MinisterSri V. Lakshminarayanasamy President, Sri V. Krishnakumar and Sri K.V Karthik, Vice Presidents met Shri Prakash Jevadekar, Hon’ble Minister of State for Environment, Forest and Climate Change on 29th January 2016 at Suguna Kalyanamandapam and handed over a representation requesting to:

1) Replace old, inefficient, free power using pumps with energy efficient BEE star rated pumps2) Validity under pollution clearance to be given at least for five years to light engineering and

pump industry instead of annual renewal.

Response from Ministry We have received a letter from Sri Vinay Srivastva, Private Secretary to Minister of State (Independent charge) of Environment and Forest & Climate Change, Government of India informing that the representations handed over to Shri Prakash Javadekar, Minister of State (Independent Charge), Environment and Forest & Climate Change during his visit to Coimbatore on 29th January 2016 was forwarded to Ministry of Micro, Small and Medium Enterprises, which is pertaining to the Ministry.

AcknowledgementsWe are happy to inform that based on representations made by SIEMA and other Associations, the Central Pollution Control Board has issued notification for implementing / Harmonization of classification of Industrial sectors under Red/Orange/Green/White categories and the same was sent to all State Pollution Control Boards suggesting them to implement the new notifications.

The Managing Committee thanked Shri Prakash Javadekar, Hon’ble Minister of State (Independent Charge), Environment and Forest & Climate Change for accepting our genuine request. The new announcements will help the industry in reducing paper work.



Meeting with Hon’ble Minister Sri V. Lakshminarayanasamy, President, Sri K.K. Rajan and Sri K.V Karthik, Vice Presidents and Sri Jayakumar Ramdass, Past President met Smt. Nirmala Sitharaman, Hon’ble Minister of State for Commerce and Industry (Independent Charge), Government of India during her visit to Coimbatore on 9th October 2015 and handed over a representation requesting not to sign any agreement with China and also suggested to impose an Import duty @ 20% on Chinese motors and Pumps to enable the Indian industry to compete with Chinese products.

President, Sri V. Lakshminarayanasamy briefed the subject to the Committee and the Committee thanked the Hon’ble Minister for taking immediate action and invited us to submit our views on the proposed RCEP pact.

Interaction with the Secretary to Government, MSME Sri V. Lakshminarayanasamy, President, V. Krishnakumar and Sri K V Karthik, Vice Presidents attended a meeting to Interat with Sri Dr. Anup K. Pujari, I.A.S., Secretary to Government, Ministry of MSME, Government of India, New Delhi on 17th October 2015 at SIEMA organized by COINDIA

Meeting with Minister of SteelSri V. Lakshminarayanasamy, President met Shri Narendra Singh Tomar, Hon’ble Minister of Steel and Mines, Government of India during his visit to Coimbatore on 13th November 2015 and handed over a representation requesting to reduce the steel prices in India on par with the international prices to enable the Indian manufacturers to compete in the international market.

Representation to MnReA representation was sent to Sri G. Prasad, Scientist F & Director, Ministry of New and Renewable Energy, Government of India requesting to:

i) empanel the names of members who are in the manufacturers of Solar Water Pumps,ii) Representation to SIEMA in all Sectional and Sub Committees of Solar Pump Paneliii) Conduct a joint seminar with SIEMA on new policies on Solar Water pumps

Meeting with union MinisterSri V Lakshminarayanasamy, President attended an interaction meeting with Sri Vengaiah Naidu, Minister for Rural Development, Parliamentary Affairs, Government of India on 3rd April 2016 at Chamber Towers. Our President submitted the following points to the Hon’ble Minister:

a) Expansion of Coimbatore Airport b) Formation of MRTSc) Direct Flight between Coimbatore – Dubaid) Four lane road from Neelambur to Madukkaraie) Night Express train from Coimbatore to Bangalore f) Speeding-up of broad gauge work between Podanur to Pollachi



SuBjeCtS RelAteD to StAte GoVeRnMent Letter to Hon’ble Minister for Commercial Taxes Members informed that they are being sent notices by the Commercial Tax officers with a claim to pay the sales tax at VAT rate for Inter-state Sale. Even after the C forms have been submitted to the Department, Assessment Orders are kept pending by the Department. In this connection, we have sent a representation to Sri M.C. Sampath, the Hon’ble Minister for Commercial Taxes, Government of Tamil Nadu requesting the Hon’ble Minister to instruct the officials to accept the counterfoil of C forms in lieu of the original C forms that have been misplaced.

job Mela 2016 On an invitation from the District administration, Sri V. Lakshminarayanasamy, President, Sri K. K. Rajan and Sri V. Krishnakumar, Vice Presidents attended a preliminary discussion with Smt. Archana Patnaick, I.A.S., District Collector, Ms. Ramya Barathi, I.P.S., Superintendent of Police, Coimbatore on 19th December 2015 and discussed about conducting a Mega Job Mela - 2016 to be held on 10th January 2016 at Coimbatore.

In continuation to the above meeting, the Department of Employment and Training along with the Coimbatore District Administration organised a MEGA JOB MELA on 10th January 2016 at Sri Krishna College of Engineering, Coimbatore. Shri S P Velumani, Hon’ble Minister for Municipal Administration, Rural Development, Law, Courts & Prisons presided over the mela. We have participated in the mela and received applications for the following trades

ITI 126 Diploma 43 Other Degree 3 12th Std. 68 Commerce and Accountants 25 SSLC 60 Total Applications 325

Discussion on VATSri K V Karthik, Vice President attended a discussion on VAT implementation by Tamil Nadu Government organised by Indian Chamber of Commerce and Industry on 28th March 2016 at Chamber Towers. After the meeting it was decided to send a joint representation to the Commercial Taxes department requesting to postpone the new procedure of filing of VAT returns for three months

SMARt puMp Office bearers and MC members met Shri Ravi Capoor, I.A.S., Joint Secretary, Ministry of Commerce, Chairman and officials of EEPC and Senior Scientists of Technology labs on 28th January 2016 during his visit to Coimbatore. During the interaction, we explained about the state of pump industry and the market condition. We also requested the Secretary to help the Coimbatore Industries to compete in the international market. The Jt. Secretary gave a patient hearing and assured to help the industry.



Working GroupOn hearing our grievances, the Joint Secretary, Ministry of Commerce, Government of India had formed a Task Force Committee consisting of SIEMA, leading Scientists from various laboratories, Professors from IIT, Chennai, and Academicians to discuss about the development of a Smart Pump with new technologies to compete in the international market with Indian manufacturers as one of the international leaders.

The first Working Group meeting on Pumps was held on 23rd February 2016 at our Association under the chairmanship of Sri Ravi Capoor I.A.S., Joint Secretary Ministry of Commerce, Government of India. The meeting was attended by few Senior Scientists of Technology Labs, academicians, Officials of EEPC and members of our Association. The Committee discussed about the technology developments required for the Smart pump with high quality, to compete with international manufacturers.

In this regard SIEMA and Si’Tarc had submitted a proposal with the list of required machineries with their cost. We have agreed to share 20% of the total cost of machineries required by us. The Government has agreed to give a subsidy of 80% of the total cost.

The DPR is under consideration of Ministry of Commerce, Government of India and is expected to be finalized shortly.

tender by AeD The Agricultural Engineering Department, Government of Tamil Nadu has floated a tender No. AED/SC5/26147/SPV PUMP/2015-16 for supplying and commissioning of 5 HP AC Solar powered Pumping system with bore well submersible Pumpsets from the manufacturers. In the tender, the department has specified that:

The pump and its components viz., casing, impeller etc., which are in contact with water should be made of stainless steel and the manufacturers should certify that the pump and its interior components are made of stainless steel. Motor should be fixed with specially developed mechanical seal to ensure leakage free.

Eligibility criteria stipulated that only companies registered under Companies Act of 1956 are eligible to participate in the tender. This condition makes many of our member firms in-eligible to participate.

In this connection, we have sent a circular to our members requesting their suggestion whether SIEMA can get a Stay Order against the Tender or not.

We have received suggestions from few of our members that the subject can be taken-up with the Court.

Committee discussed the subject and decided to approach Court to get remedy.

eeSlOn our request, M/s. Energy Efficiency Services Ltd., (EESL) has conducted its Stakeholders meeting on 6th April 2016 at our Association and discussed about the distribution of Energy Efficient Pumpsets along with smart control panel for replacing inefficient pumpsets all over the country. Sri A.K. Gupta, Director (Finance) and Sri Sashikanth and other officials from EESL, Members from IPMA, SIEMA had also attended the meeting. Mr. Shashi Kant briefed about the activities of EESL and procurement of Submersible Pumpsets to distribute to agriculturists.



Representation to eeSlM/s. EESL has floated a tender calling energy efficient 5 star rated submersible Pumpsets. MSMEs are facing a lot of problems like high EMD, 5 Star rated Pumpsets and very high security Deposits. In this regard, we sent a representation to EESL with copies to Ministry of MSME, and Ministry of Industries requesting to remove the cumbersome clauses in the tender to enable MSMEs to quote the tenders of EESL

Representation to nSICA representation was sent to Director, (Planning & Marketing) NSIC Ltd., New Delhi requesting to support MSMEs to form a consortium of 6 – 10 members to participate in the tender to be floated by EESL for procuring Submersible Pumpsets.

M/s. NSIC replied that they are not in a position to accept our suggestion since EESL is the deciding authority in forming consortia and hence requested to represent to EESL.

powerSIEMA co-ordinates with the Tamil Nadu Electricity Consumers Association (TECA) in all its activities for the benefit of the member industries. As reported in last year a case is pending with the Appellate Tribunal of Competition Commission of India with a request for Equitable Distribution of Power.

We are expecting the case may be taken up for further hearing shortly.

MeetInGS oRGAnIzeD BY SIeMA

power2SMe – Vendor Development programmeSIEMA jointly with Indian Chamber of Commerce and Industry organized a session on POWER2SME – Vendor Development Programme by M/s. BEEB India (P) Ltd., on 25th May 2015 at Chamber Towers (85 members attended).

Session on Income Computation Disclosure StandardsSession on Income Computation Disclosure Standards (Income Tax), Accounting Standards, (Accounts) and Service Tax by Sri A. R. Ramasubramania Raja, Cost Accountant and Sri R. Sathish, Chartered Accountant on 15th June 2015 at our Association.

Session on Lean to make More ProfitsSession on, “Lean to make More Profits” by Sri A. Chandrasekaran, Director, Infocareer and Sri M Boovaragan Mohan, Lean Consultant on 3rd July 2015 at our Association.

Understanding Financial Needs of SMEsSIEMA jointly with SIDBI, Hyderabad under the initiative of CLIP organized a half-day interaction meet on “Understanding Financial Needs of SMEs” on 9th July 2015. The following officials presented papers highlighting the schemes available with their banks:

1. Sri S. Rama Prasad Sinha, Asst. General Manager, SIDBI, CBE 2. Sri L Poyyamoli, Chief Manager, SME Branch, Lead Bank (Canara Bank)



3. Mr Ramesh and Ms. P. Sabira Barveen, Chief Manager, City Branch, SBI4. Sri A. Vijaya Baskar, Senior Branch Manager, NSIC, Coimbatore, 5. Sri A.K. Gundu, Chief Manager, Indian Bank, Coimbatore, 6. Sri S. Ashokan, General Manager, District Industries Centre and 7. Sri Raja, Branch Manager, RBL Bank Ltd, Coimbatore

Digital Marketing for Indian SMe’sSession on “Digital Marketing for Indian SME’s - Is it the cost effective solution?” by Ms. Aruna Thangaraj, CEO, AGT Electronics Ltd., on 7th August 2015 at our Association (40 members attended).

Energy Efficiency Measures in Coimbatore Engineering ClusterSIEMA jointly with SIDBI, Hyderabad organised a one day awareness programme on “Energy Efficiency Measures in Coimbatore Engineering Cluster” Cluster Level Implementation Programme (CLIP) on 25th August 2015 at SIEMA.

Session on 5SSession on 5S Related to Lean Manufacturing by Dr. N Ganesan, Quality Consultant, Visiting Professor, IIT Madras was held on 4th September 2015 at our Association.

Customer Meet SIEMA jointly with the Institute of Indian Foundrymen and M/s. Vedanta Ltd., had organized a seminar on, “Trends & Future Prospects in Foundry Industry” on 24th September 2015 at Hotel the Residency. Sri V. Lakshminarayanasamy, President addressed the members on Future Trends in Pumpset industry.

Solid Waste Management Session on “Solid Waste Management” by Sri J M Balaji Head - Sales, & “STP - with No Sludge -No Power” by Sri P K Viswanathan, Business Development Manager, Lakshmi Energy and Environment Designs Limited, (LMW Group) Coimbatore on 9th October 2015 at our Association

SIeMA DayThe 63rd inception Day - SIEMA Day was celebrated on 24th October 2015 at COINDIA Auditorium. We had arranged a lecture on, ‘|À»öuõ¸ Sk®£®’ by Mrs. Jayanthasri Balakrishnan, Reader,

English Department, PSG College of Arts and Science.

Advance Lean Manufacturing PracticesSIEMA jointly with SIDBI, Hyderabad as part of its Cluster Level Implementation Programme (CLIP) organising a two days programme on “Advanced Lean Manufacturing Practices” by Mr. S. Ganesh Babu, Industrial Engineer and Project Management consultant on 23rd & 24th November 2015 at SIEMA (45 members attended).



Kovai VizhaSession on “Waking Kovai up from Technology Slumber” by Dr. B. Vinod, Head Department of Robotics and Automotive Engineering, PSG College of Technology on 4th February 2016 at our Association on the eve of Kovai Vizha organized by Young Indians the youth wing of CII

Training Programme on “Total Solution Project”Training Programme on “Total Solution Project” was conducted by the officials from Commercial Taxes Department, Coimbatore on 7th March 2016 at our Association. Sri S Rajendran, Sales Tax Consultant briefed about the present procedures to be followed by the members (60 members attended).

union Budget 2016Session on Union Budget 2016-17 by Sri S. Jaikumar, Country Head, Swami Associates was held on 2nd March 2016 at our Association.

Interaction with official of NSIC Meeting Sri P. Ravikumar, Zonal General Manager, NSIC, on 8th April 2016 at our Association. Members discussed about the procedures to participate in government purchases.

Schemes by NSICMeeting with Sri Kannan, Senior Branch Manager and Sri Saravanan Krishnan, official, NSIC on 13th April 2016 at our Association where they briefed about the schemes available with NSIC for MSMEs (30 members attended).

Implementation of New Accounting StandardsSession on “Implementation of New Accounting Standards” by Smt. Suguna Ravichandran, Chartered Accountant, M/s. N R Doraisamy & Co., on 22nd March 2016 at our Association.

Inventory ManagementSession on “Inventory Management” by Sri A. R. Ramasubramania Raja, Cost Accountant and Chairman, Institute of Company Secretaries of India, Coimbatore Chapter on 25th March 2016 at our Association.

expoRt pRoMotIon

Session on Export to Latin AmericaSession jointly with EEPC India on, “Export to Latin America – INDEE Peru” on 10th June 2015 at our Association.

Business/Warehousing in europeSIEMA in association with EEPC India, Chennai organized a session on Business/Warehousing in Europe and Opportunities in IESS 2015 by Shri Jayant N, Trade & Investment Commissioner of



Flanders, Belgium and Shri C. H Nadigar, Regional Director, EEPC India on 17th August 2015 at our Association (45 members attended).

Meeting with the officials of British High Commission Sri Arun Abraham, Trade & Investment Advisor, Sri Sujith Thomas, Senior Trade & Investment Advisor, Sri Saju Mathew, Regional Adviser (Coimbatore), British Deputy High Commission, Chennai met Sri V. Lakshminarayanasamy, President on 28th September 2015 at our Association and discussed about the status of engineering industry and bilateral trade by the engineering manufacturers of both the Countries

InDee SRI lAnKAPresentation jointly with EEPC India on, India Engineering Exhibition – Sri Lanka & Combodia on 21st January 2016 at our Association.

Faculty from JapanMr. Etsuro Ishigami, Professor, Faculty of Commerce, Fukuoka University, Japan met Sri V. Krishnakumar, Vice President on 8th March 2016 at his office and discussed about the status of general engineering industry.

Meeting with Counsel General British High Commission, Chennai President met Sri Bharat Joshi, Counsel General, British High Commission, Chennai on 18th March 2016 at Hotel Le Meridian, Coimbatore on the eve of the birthday celebrations of Her Highness Queen Elizabeth. Mr. Bharat Joshi assured to extend support from UK for the Skill Development and also requested to send details on the training required.

Workshop on exportsSIEMA jointly with M/s. Foundation for MSME Clusters (FMC), New Delhi organized a Workshop on “Opportunities for Export of Engineering Products (pump & motors) to various Countries” on 29th April 2016 at our Association (70 members attended).

export opportunities to RussiaA session jointly with EEPC on, “Exports opportunities to Russia” 10th May 2016 at our Association.

MeetInG WItH VIpS / DIGnItARIeS Interaction with Chairman, TNPCBMr. V. Krishnakumar, Vice President attended an interaction session with Mr. K. Skandan I.A.S., Additional Chief Secretary to Government and Chairman, Tamil Nadu Pollution Control Board on 3rd June 2015 during his visit to Coimbatore and handed over a representation requesting TNPCB to allow one time clearance for MSMEs which are in the Orange Category or renewal of consent once in 5 years.



Interaction with Financial InstitutionsMr. V. Lakshminarayanasamy, President attended an interaction session with Dr. Kshatrapati Shivaji, I.A.S., CMD of SIDBI and Mr. Jiji Mamen, CMD of Mudra Bank on 3rd June 2015 Organized by CODISSIA at CODISSIA Trade Fair Complex.

Meeting with TCS OfficialsMr. J. Ramkumar, Head – Sales, iON – Human Capital Management, Tata Consultancy Services, Chennai met our President Mr. V Lakshminarayanasamy on 23rd June 2015 and discussed about setting-up of a Help Desk in SIEMA for assist our members in creating pay roll and filing online of statutory requirements.

Discussion with the official of QCIMr. Anurag Rustogi, Deputy Director, National Accreditation Board for Education & Training, Quality Council of India, New Delhi met our President Mr. V. Lakshminarayanasamy on 25th June 2015. Mr. Rustogi informed that QCI is planning to organize two programmes on Lean Manufacturing in association with SIEMA and assured to send details about the programme shortly.

Meeting on Companies ActPresident Sri V. Lakshminarayanasamy attended an Interactive session on Companies Act 2013 and its Recent Amendments by Sri N. Ramanathan ICLS, Registrar of Companies, Sri V E Josekutty, ICLS, Deputy Registrar of Companies and Sri V P Sivadasan, ICLS, Assistant Registrar of Companies, Coimbatore on 16th June 2015 organized by Indian Chamber at Chamber Towers.

MSMe ShoppingSri A. Vijaya Bhaskar held discussions with Mr. Srinivasalu, Manager-Admin about launching of MSME – Shopping – an exclusive B2C web portal to showcase the products of all entrepreneurs. Sri Vijaya Bhaskar handed over membership application forms to distribute to our members. There is no membership fee. Interested members can get a copy of the application form from SIEMA secretariat.

Meeting on leanMr. Lakshmanan Chidambaram, General Manager, Mr. S. Balasubramanian, Regional Manager, Boon Management Consultants met our President, Sri V. Lakshminarayanasamy on 3rd July 2015 at our Association and discussed about the implementation of Lean in our member industries.

Meeting with Coimbatore jail AuthoritiesSuperintendent of Jails, Coimbatore had organised a meeting with the heads of all industrial Associations on 9th July 2015 at Coimbatore Central Jail. On behalf of our Association, Sri K.V. Karthik, Vice-President attended the meeting. Jail authorities informed that they are planning to open a prisoners Bazaar for the benefit of released criminals to their lively hood in a normal way. For opening the bazaar they needed a few items as donation from the Associations. Sri K.V Karthik explained in detail to the committee.



Global Investors MeetSri K.V Karthik, Vice President, Sri Ma. Sendilkumar and Sri R Arun MC Members attended the District Level MSME Investors meet to discuss about the Global Investors meet to be held at Chennai Smt. Archana Patnaick, District Collector chaired the meet and session was organized by the General Manager, District Industries Centre at Collectorate on 24th July 2015

Meeting at CIIVice-President Sri V. Krishnakumar attended a Roundtable on National Capital Goods Policy Under the aegis of DHI – CII Joint Taskforce on Capital and Engineering Goods on 19 August 2015 at Hotel the Residency, Coimbatore.

Discussion on Cyber Crime Sri Raj Narayanan, Analyst Market Research, Aleph Technologies P Ltd., Chennai met our President, Sri V Lakshminarayanasamy on 26th August 2015 and discussed about the cyber threats in engineering industries

Interaction with Principal Commissioner of Income Tax Sri V. Lakshminarayanasamy, President attended an interaction session with Shri K Ramalingam IRS, Principal Commissioner of Income Tax - I, Coimbatore on 28th September 2015 organized by Indian Chamber of Commerce and Industry Coimbatore.

Meeting with Commissioner, Commercial Taxes Sri V. Krishnakumar and Sri K.V Karthik, Vice Presidents along with Sri S. Rajendran, Hon. Sales Tax Adviser met the Commissioner of Commercial Taxes, Chennai on 28th September 2015 at his office and handed over a representation highlighting a problem faced by our members in charging VAT for different types of Pumpsets and requested to look into the subject.

The Commissioner gave a patient hearing and instructed the officials to immediately solve the same as per existing rules. The Managing Committee expresses its sincere thanks to the Commissioner for his immediate action

Meeting at SIDCo Sri V. Krishnakumar and Sri K.V Karthik, Vice Presidents attended a meeting organized by the Special Commissioner of MSME on 28th September 2015 at the office of SIDCO, Chennai to discuss about the points/suggestions to be included in the draft MSME policy announced by Dr. J. Jayalalithaa, Hon’ble Chief Minister of Tamil Nadu.

Our Vice Presidents handed-over a representation giving our suggestions and points to be included in the draft policy.

SMe Cluster SeriesM/s. Dun & Bradstreet and State Bank of India released a Report on “Dun & Bradstreet State Bank of India SME Cluster Series 2015: Coimbatore” on 28th September 2015 at Hotel the Residency. Sri V. Lakshminarayanasamy, President was one of the panel member for a discussion on Empowering SMEs for Sustainable Growth and Profitability.



Meeting with the officials of Shipping Corporation of India Ms. Sasikala Charles, Vice President - Container Division, Shipping Corporation of India, Mumbai and Sri D David Solomonraj, Manager, Business Development, Chakiat Agencies, Tuticorin met Sri V. Lakshminarayanasamy, President on 7th October 2015 and discussed about the shipping services from Coimbatore to various major ports in India. They said the freight charges will be low compared to road freight.

Meeting with the officials of TIIC Sri S K. Kandasamy, Regional Manger and Sri V. S. Manoharan, Branch Manager, Tamil Nadu Industrial Investment Corporation Ltd., (TIIC),Coimbatore met Sri V. Lakshminarayanasamy, President on 8th October and discussed about the schemes available with TIIC. President requested them to brief about the schemes to our members.

Meeting at ChamberSri V. Lakshminarayanasamy, President attended a meeting on, “Duties & Responsibilities of Indirect Tax Ombudsman” by Sri S. Subramanian, IRS, Indirect Tax Ombudsman, Chennai on 26th October 2015 organized by Indian Chamber of Commerce & Industry, Coimbatore.

Advisory Committee meeting at ItISri K.V. Ganapathi, Managing Committee member attended an Advisory Committee meeting of Industrial Training Institute, Coimbatore on 28th October 2015 at Director’s office. It was informed that the Coimbatore ITI was selected and granted an amount of Rs.10 crores to up-grade the Institute. Central Government has approved 25 ITI’s across the Country and the only Institute selected in Tamil Nadu was Coimbatore ITI.

We congratulate the Principal and the Staff of the Institute for this achievement

Workshop on GStSri K. Mathikumar, M/s. Suguna Industries attended a one day awareness programme on, “Placement of GST Business Processes in Public Domain” jointly organized by the Department of Revenue, Ministry of Finance, Government of India and Department of Commercial Taxes, Government of Tamil Nadu on 29th October 2015 at Chola Grant, Chennai.

StICon 2015Sri K.K. Rajan, Vice-President attended the 23rd State Level Industries Convention of MSMEs–STICON 2015 jointly organized by TANSTIA and Association of Tiny and Small Industries, Villupuram on 31st Oct. 2015 at Villupuram.

lApp Innovation awardSri V Krishnakumar addressed the gathering during the LAPP Innovation Awards organised by Lapp Cables on 5th November 2015 at Hotel Aloft, Coimbatore.



SMe Cluster SeriesSri V. Lakshminarayanasamy, President attended a session on SME Cluster Series 2015: Coimbatore jointly organised by Dun & Bradstreet and Karur Vysya Bank on 26th November 2015 at Hotel Grand Regent.

Meeting with the Director of Industries, Government of KeralaWe had arranged a meeting with Sri Francis, I.A.S, Director of Industries, Government of Kerala and Sri T.V. Velayutham, Director, MSME, Trissur on 14th December 2015 at our Association.

The Director informed the members that the Directorate in association with the MSME, Kerala is organizing a Machinery Expo 2016 – Kerala between 27 – 30 January 2016 at Angamali, Kochi and explained about the details of the Expo.

Sri Velayutham also explained in detail about the Expo and the activities of MSME in Kerala. President requested the members to utilize the Expo to exhibit their products

Meeting with Dy Chairman, CIISri V. Lakshminarayanasamy, President attended the second meeting of the CII Coimbatore Zonal Council and a Members Meet to meet Mr Ramesh Datla, Deputy Chairman, CII Southern Region on 17th December 2015 at Hotel the Residency. President addressed the members about the present scenario of pump industry

Vendor Development programme Sri Ma. Sendilkumar, Managing Committee Member attended a one-day programme on State Level Vendor Development Programme organized by MSME DI, Coimbatore at Padmavathi Ammal Cultural Centre on 26th December 2015.

Buyer-Seller MeetVice-President Sri K.K. Rajan attended a Vendor Development Programme organized by M/s. COTMA on 7th January 2016 at Suguna Kalyanamandapam.

eleCRAMA 2016A road show to promote ELECRAMA 2016 was organized by IEEMA, Bangalore, for our members on 5th February 2016 at our Association. President addressed about the present scenario of pump industry.

Workshop on oCMMSMr B. Satheesh Kumar attended a workshop on Online Consent Management and Monitoring System (OCMMS) organized by Tamil Nadu Pollution Control Board, Coimbatore on 12th February 2016 to get online consent for new enterprises and renewal of existing industries on 12th February 2016.

Inauguration of “Centre for Manufacturing Excellence”President Sri V. Lakshminarayanasamy addressed the participants and also shared his views in a panel discussion during the launch of “Centre for Manufacturing Excellence” organised by KGK-TI & ABK AOTS Dosokai on 22nd February 2016 at our Association.



Meeting with Deputy Director, CIISri Amit Kumar Tripathy, Deputy Director, CII, SME Finance Facilitation Centre, New Delhi and Sri Kunal J Valecha, Head CII, Coimbatore Zone met Sri V Lakshminarayanasamy, President on 14th March 2016 at our Association. They informed that CII had tied up with almost all nationalized banks to extend loans to MSMEs. CII is now extending this service to the members of affiliated Associations of CII.

joint Committee meeting with IpMAA joint Committee meeting with the members of Indian Pump Manufacturers’ Association (IPMA) was held on 14th October 2015 at our Association.

Mr. Bharat Patel gave a power point presentation about the activities of IPMA and requested our Association to join them for the general interest of members. He also invited us to conduct a Managing Committee meeting jointly with them.

ISMeSri V Lakshminarayanasamy, President Inaugurated the Student Chapter of Indian Society of Mechanical Engineers (ISME) at Adi Shankara Institute of Engineering and Technology, Kaladi, Kerala on 28th March 2016.

Meeting with pF Commissioner Sri K. Mohan Senthil Kumar, Managing Committee Member met Sri Anil O.K. Regional Commissioner, Employees’ Provident Fund Organisation (EPFO), Coimbatore and discussed about the implementation of UAN on 30th March 2016.

Workshop on “Scaling-up sustainable production among MSMEs – Learnings and Way Forward”Sri D. Vignesh, Managing Committee Member attended a National Workshop on “Scaling-up sustainable production among MSMEs – Learnings and Way Forward” held on 22nd April 2016 at New Delhi organized by Foundation for MSME Clusters (FMC), New Delhi along with partner organisations viz, SIDBI, GIZ, Yes Bank, GRI, and IICA with the support from European Union.

Meeting with Secretary to GovernmentSri K.V Karthik, Vice President met Sri K.K. Jalan I.A.S., Secretary to Government, Ministry of MSME, Government of India, New Delhi on 3rd May 2016 at his office and discussed about the tender specifications of EESL.

FelicitationSri V. Lakshminarayanasamy , President attended a felicitation to honour Dr. Mylswamy Annadurai, Director, ISRO and Sri Arunachalam Muruganandam, CEO, Jayashree Industries, Coimbatore on being conferred with Padma Shri Award on 9th May 2016 organized by Indian Chamber at Chamber Towers.



Meeting with the MinisterPresident Sri V. Lakshminarayanasamy met Sri S.P. Velumani, Hon’ble Minister for Local Administration, Government of Tamil Nadu and honoured on his taking over the Minister.

Representation in Government Agencies and Trade Bodies • District Enterprises Development Consultative Committee constituted by Govt. of Tamil Nadu.• RAC and Public Grievance Committee of Central Excise• BIS Pumps and Motor Sectional and its Sub-Committees• Grievance Committee of Tamil Nadu Electricity Board, Coimbatore South and North• Advisory and Vigilance Committees of Employees’ State Insurance Corporation• Si’Tarc Governing Council• Zonal Council of Coimbatore CII• Governing Council of Indian Chamber of Commerce & Industry• Governing Body of Coimbatore Productivity Council• Committee of COINDIA• PSG – Step Governing Body• Executive Committee of TANSTIA

We have affiliation with:Confederation of Indian Industry Indian Chamber of Commerce and Industry Coimbatore Productivity Council Tamil Nadu Small and Tiny Industries Association All India Electric Motor Manufacturers’ Association, MumbaiFoundation of MSME Cluster, New DelhiEEPC India ECGC EESL

Reports:Report on the activities connected with BIS and BEE and the activities of Si’Tarc, and COINDIA are enclosed as Annexure to this report.

Managing Committee of SIEMA expresses its sincere thanks to:1) Hon’ble Prime Minister and his cabinet colleagues, Government of India2) The Secretary, Joint Secretary and other official of the Central Government, New Delhi.3) Hon’ble Chief Minister of Tamil Nadu and his cabinet colleagues, Government of Tamil Nadu4) The Worshipful Mayor of Coimbatore, Deputy Mayor, Municipal Councilors and Commissioner of

Coimbatore City Municipal Corporation.5) The District Collector, Coimbatore. 6) Officials of District Industries Centre, Inspector of Factories, TANGEDCO, Commercial Taxes

Department, Tamil Nadu Pollution Control Board and their entire team of officials and Public Works Department.



7) The Chief Commissioner and Commissioner of Customs, Central Excise and Service Tax and their team of officials

8) The Chief Commissioner, Commissioner and their team of officials of Income Tax 9) Member Secretary, Additional Chief Environmental Engineer, Chennai and Joint Chief

Environmental Engineer, District Environmental Engineer and Assistant Engineers, TNPCB, Coimbatore

10) Officials of BIS, New Delhi, Chennai and Coimbatore11) Director General, Energy Economists and other officials of Bureau of Energy Efficiency,

Ministry of Power, Government of India, New Delhi.12) MSME Development Institute, Coimbatore13) Past Presidents of SIEMA14) President and Members of Si’Tarc, COINDIA, Indian Chamber, CII, CODISSIA, IIF,

COSMAFAN, COFIOA, CPC, CMA, TACT, COTMA, IPMA and AIEMMA.15) Members of Press and Electronic Media for their support and valuable coverage of SIEMA’s

programmes and News.16) Dr. R. Subramaniam, Sri A.M. Selvaraj, Si’Tarc, Sri C. Murugesan, Aquasub Engineering,

Sri G. Ranganathan and members of Technical Committee.17) Auditors Mrs. Suguna Ravichandran of M/s. N.R.D. & Co 18) Central Excise Consultant Sri G. Natarajan, Swami Associates and Service Tax Consultant

Sri M. Saravanan, Sree Gopal & Co. Sales Tax Consultant Sri Rajendran and Legal Consultant Advocate M.R. Manoharan

19) Members of our Association.20) Secretariat of SIEMA.

The Managing Committee places on record the tireless services extended by our President Sri V. Lakshminarayanasamy, Vice-Presidents Sri K.K. Rajan, V. Krishnakumar and Sri K.V. Karthik during the period.

The two year term of our President Sri V. Lakshminarayanasamy was a memorable one and during the period the Association’s activities had increased.

The seminars/events conducted were well attended by our members and are very useful to the members. The supports of the other Office-bearers were commendable. The Managing Committee expresses its sincere thanks to Sri V. Lakshminarayanasamy and his team of office bearers for their tireless services for the past two years.

President and other Office-bearers spent their valuable time for the benefit of our member industries and Coimbatore. Committee once again thank the Office-bearers for their services.

The Managing Committee expects more interaction and involvement of our members in the activities of SIEMA so as to serve them better.

For and on behalf of the Managing Committee,

Coimbatore (Sd/-) V. Krishnakumar28-5-2016 Vice-President



AttenDAnCe

Members name Meetings Eligible to attend

Meetings Attended

Sri V. Lakshminarayanasamy, 12 12Sri K.K. Rajan, 12 8Sri V. Krishnakumar 12 8Sri K.V. Karthik 12 10Sri Aditya Balasundaram, 12 –Sri K. Ramakrishnan 12 9Sri K. Velusamy 12 5Sri Ma. Sendhil Kumar 12 7Sri G. Vijaya Rangha Rajan 12 5Sri V. Sundarararaj 12 10

Sri A. Murugesan 12 6

Sri Mohan Senthil Kumar 12 6Sri D. Vignesh 12 4Sri N. Sivakumar 12 6Sri N. Mahendran 12 6Sri T. Vijaya Mohan 12 3Sri Ravi 12 2Sri Mithun Ramdas 12 4

Co-opted members Sri S. Sai Krishnan 10 6Smt. Mohanasundari 10 5Smt. Krithika 10 8Sri R. Karthikeyan 10 6



AnnexuRe I

Technical Calendar and eventsSIEMA’s major strength is in Technical area and plays vital role in the formulation of Indian Standards since its inception. SIEMA is one of the prime member in the Sectional Committee of Bureau of Indian Standards, New Delhi. SIEMA is also an active member in the International Electro Technical Commission. As in the past, SIEMA is contributing technical inputs to formulate the Standards and its amendments. We are giving below the technical activities for the reference of our members:

The following documents were received from BIS, New Delhi for our Comments:We have received the complementary copies of

1) Amendment No. 4 to IS 80342) Amendment No. 7 to IS 14220 and3) Amendment no 3 to IS 9079 from BIS, New Delhi.

The following Standards were discussed in the Technical Committee Meeting • Draft IS 9079: Electric Monoset Pumps For Clear, Cold Water For Agricultural And Water Supply

Purposes — Specification (Third Revision)• Draft IS 8472: Modified Draft Revision Indian Standard on Centrifugal Regenerative Pumps For

Clear, Cold Water - Specification (Second Revision)• Proposal for upward revision of efficiency of Pumpsets.• Draft IS 6595 (Part-1) - Horizontal centrifugal pumps for clear, cold water Rural water supply

purposes (Fourth Revision).• Draft IS 8034 - Submersible pumpsets.• Draft IS 8418 - Pumps - Centrifugal self priming - Specification (Second Revision).• Draft IS 9283 (Part 1) - Submersible motors - Oil filled motors• Draft IS 12225 - Centrifugal Jet Pump• Doc: ME 20 - IS 12225 - Centrifugal Jet Pump – Specification (Second Revision)• Minutes of 21st meeting of ETD 15 of Bureau of Indian Standards held on 26th August 2015 at

BIS New Delhi• Sampling Plan for Submersible Pumpsets as per ‘IS 8034’ - proposal received from Indian Pump

Manufacturers Association (IPMA) for Grouping of pump models in IS 8034• Minutes of Thirteenth Meeting of Pumps Sectional Committee, ME 20, held on September 4,

2015 at Ahmedabad.• A Special Technical Committee Meeting was held on 23rd June 2015 with the convener, ME

20:5, to discuss the upward revision of efficiency as per IS 9079 and other pump standards. After a detailed discussion, the Technical Committee proposed to increase the efficiency by 2.5 to 3% points. The Committee also discussed about upward revision of efficiency as per IS 8034 and proposed to increase the efficiency by 5%.

et 15 MeetingThe Electrotechnical Committee meeting of Bureau of Indian Standards was attended by Dr. R. Subramanian, Technical Committee Co-ordinator on 26th August 2015 at New Delhi.



Pump Sectional Committee Meeting The Pumps Sectional Committee meeting - ME 20 meeting was attended nu Sri S. Ramesh, Technical Committee Members on 4th September 2015 at Ahmendabad.

Energy Efficiency in pumpsetsThe Energy and Resources Institute (TERI) and Swiss Agency for Development and Cooperation (SDC) organized a stakeholder consultation for promoting energy efficient agricultural Pumpsets was attended by Dr. R. Subramanian, Technical Committee Co-ordinatory on November 6, 2015 at Rajkot Engineering Association.

national Seminar on pumpsSIEMA organized a National Conference on Pumps jointly organized with Confederation of Engineering Industry (Coimbatore Zone) and Indian Pump Manufacturers’ Association (IPMA) on 19th February 2016 at Hotel the Residency. Totally 9 papers were presented in four sessions. Around 150 participants attended the conference.

Certification by BIS & BEE A representation was sent to Dr.Anup K. Pujari, I.A.S., Secretary to Government, Ministry of MSME, Government of India requesting to merge BIS and BEE considering the practical issues faced by the members. A copy of the representation was sent to the Dy. Director, Br. MSME, Coimbatore with a request to take up the subject with the Ministry

Response by Ministry:We have received a letter from Director, (ME), Office of the Development Commissioner, Ministry of MSME, Government of India informing that our representation to the Secretary, MSME, during his visit to Coimbatore with regard to merging of BIS and BEE as a single Agency is feasible and the Secretary recommended the same to the Director General, BIS and BEE for their consideration. The copies of the letters were sent to SIEMA for our reference.

Nomination to ME20:5, Sub-Committee of Agricultural and Domestic Pumps.We have nominated

• Sri V. Lakshminarayanasamy, President as Principal Nominee• Sri V. Krishnakumar, Vice President and• Sri D Vignesh, MC Member as Alternate Nominees

to the above committee and as well the main Committee ME 20

Nomination to ET 15 Sectional CommitteeWe have nominated

• Sri T.C. Thiagarajan, Past President as Principal Nominee• Sri K.V. Karthik, Vice President and• Sri Arun Ranganathan, MC Member as alternate nominees to the above Committee



Draft Standard on IS 9079 We have forwarded the Draft IS 9079: Electric Monoset Pumps for Clear, Cold Water for Agricultural and Water Supply Purposes — Specification (Third Revision) to the Member Secretary, Bureau of Indian Standards, New Delhi

Acknowledgements:We are happy to share that BIS, New Delhi has accepted almost all our comments, suggestions, draft standards. This shows the tireless works done by the members of Technical Committee under the Chairmanship of Sri G. Rajendran, Sri V. Krishnakumar and Sri K.V. Karthik. Committee places on record its appreciation for the services rendered by them, Technical Co-ordinators and other Technical Committee members.



AnnexuRe II

SCIENTIFIC AND INDUSTRIAL TESTING AND RESEARCH CENTRE (Si’Tarc)

I. Personnel of Industries trained in various fields from 01.04.2015 to 31.03.2016

S.No. Areas of Training No. of persons1 Calibration 482 Testing 59

total 107

II. No. of Users of Si’Tarc facilities from 01.04.2015 to 31.03.2016

S.No Type of Service No. of Users Revenue in %1 Testing & Calibration 1397 99.232 Training & Consultancy 3 0.77

Total 100.00

III. Accreditation and Recognition l NABL Accreditation

NABL Accreditation certificate received from NABL Mechanical, Electrical and Chemical and Biological testing disciplines as per ISO/IEC: 17025-2005 valid up to 3rd November 2016.

NABL Accreditation certificate received from NABL for Mechanical, Electro-technical Calibration and Thermal Calibration laboratories as per ISO/IEC 17025 – 2005 valid upto 10th December 2016.

l Recognition as SIRO by DSIRRecognition as Scientific and Industrial Research Organisation (SIRO) by Department of Scientific and Industrial Research (DSIR), Govt. of India is renewed upto31st March 2016.

The renewal application was forwarded to DSIR.

l Bureau of Indian Standards(BIS) RecognitionBureau of Indian Standards recognition of Si’Tarc, Avarampalayam premises is valid upto 31.05.2016. Extension of scope of recognition for Packaged Drinking Water Testing as per IS: 14543-2004 is received from BIS, Chennai is valid upto 31.05.2016. The renewal application was forwarded to BIS.

l Ministry of New and Renewable Energy (MNRE) RecognitionSi’Tarc had received approval for testing of Solar Powered Pumps from Ministry of New and Renewable Energy (MNRE) on 07.08.2015. Si’Tarc is the 4th lab to receive the approval from MNRE.



AnnexuRe III

COIMBATORE INDUSTRIAL INFRASTRUCTURE ASSOCIATION (COINDIA)

COINDIA, having repositioned itself in the last financial year, has increased its profit by 5 fold as compared to the previous year. During the year under review, COINDIA’s revenue stood at Rs.989 lakhs, a small Rs.11 lakhs shortfall in reaching the magic figure of Rs.1000 Lakhs. It has earned a humble gross profit of Rs.51.60 lakhs. All these were made possible by the team COINDIA with the support of industrial fraternity and guidance of senior industrial leaders.

Update on on-going Project “Promotion of Energy Efficiency and Renewable Energy in selected MSMEs – a joint Project of United National Industrial Development Organization (UNIDO), Global Environment Facility (GEF) and Bureau of Energy Efficiency (BEE) under Ministry of Power at COINDIA Cluster.

Compilation of technology profile and assessment of baseline energy data like study and data collection on energy performance, analization on specific energy consumption etc at unit level and preparation and recommendation of DPRs out of data collections to the consideration of UNIDO-PMU (Project Management Unit) to implement the same at cluster were the major activities during the last financial year.

The current initiatives and benefits out of this project are:

Implementation and installation of Cloud based Energy Management Analytics Software in Coimbatore Cluster. EETPL, Kolkatta is the Project partner of this initiative and installed EnView Energy analytics software portal at 16 Foundry units in Coimbatore Cluster on free of cost for 1 year with required training.

pilot energy Audit and Workshops were conducted for Coimbatore Cluster Members by engaging TERI (The Energy & Resources Institute) New Delhi. TERI was engaged for 4 months as short term project and the outcomes of TERI,

UNIDO in association with TERI had conducted 3 hands on training programs for cupola furnace based and induction furnace based foundry members at COSMAFAN Foundry Complex, followed by field visits to some foundry units who are implementing the best operating practices implemented through UNIDO-GEF-BEE project. The third training program was conducted in the association hall for all the foundry members.

Based on the outcomes of Energy Audit, a Guide/Booklet on Best Operating Practices at Foundries was prepared by COINDIA and circulated to all Foundries and industrial Associations including Belgaum and Indore Cluster.

The additional services to the foundry cluster during the period are:

Feasible study was carried out at PSG Foundry division with M/s Stellar Energy for heat recovery from induction furnace with thermic fluids.

Harmonics study and pre audit was conducted at 10 Induction furnace foundry units with a local vendor (M/s Automation house) and provided with techno commercial offers to implement the same.

Feasible study for Induction furnace crucible lid options and Air compressor pipe line modifications through ring main system were carried out in some units.



Around 10 Detailed Project Reports (DPR’s) were prepared with cost benefit analysis, technical specifications, pay back period and techno commercial offers submitted to PMU.

The following Case studies implemented through this project and the expected energy savings and cost savings is as follows.

Sl.no. Case studies on energy / Cost Savings per annum

1 Refractory lining optimization and de-slagger addition

210000

2 Replace the existing 30 HP * nos reciprocating air compressor with 40 HP Screw air compressor

28080 kWh

3 Installation of VFD for 30 HP Screw air compressor 65520 kWh

4 Maximum demand reduction from 1700 kVA to 1500 kVA

Rs.7.50 lakhs per annum

5 200A Harmonic filter implementation 54000 kWh6 Energy efficient lamps implementation 7560 kWh

Out of Cluster experience under this project, the following papers were presented in various Conferences:

w “A Sustainable Energy Efficiency & Renewable Energy solutions to Indian Foundry Sectors” presented at 63rd Indian Foundry Congress, Noida during 28th Feb 2015.

w “Economical Evaluation of Biogas based Renewable Energy concept for Ladle preheat in Foundry units” presented at 6th National conference at PSG College of Technology, Coimbatore during 25th April 2015.

w “Opportunities and challenges in Harmonics mitigation and Energy conservation in Foundry units” presented at 64th Indian Foundry Congress, Coimbatore during 29 – 31 Jan 2016.

The project brings the necessary effective changes in energy and cost saving in the selected (37) foundry units and helped to become a quality producer with technological and profitable volume growths as well as other units in the region.

Skill Development under MSME-TDC, Agra at Coimbatore ClusterThe Centre – MSME-TDC, Coimbatore Centre is actively operated from COINDIA Complex for the past one and half years. Various skill development training programs were designed and conducted for the requirements among regular training programs in general. Upon request of COINDIA, long term (6 months) courses are planned in Tool & Die Design Courses with 100% scholarship from GoI for SC/ST students.

In joint venture with MSME-TDC Coimbatore Centre, 8 trainings were conducted and 270 candidates were benefited. COINDIA has earned revenue around Rs. 4 lakhs, out of this initiative, during the year.



Brief of activities during the year:Handover of facilities at Foundry Complex-II, KallapalayamA final Memorandum was signed between COINDIA and COFIO Association on 19th June 2015 towards handing over of all facilities for the beneficiaries use, created at FC-II-Kallapalayam, under COINDIA IIUS Project and further responsibilities in connection with up keeping of the same by COFIOA.

tool RoomThis year, our Tool Room was achieved an export order from Pentair Valves, Switzerland for about Rs.55 lakhs order. The same was successfully completed and expects continuous orders from them.

Merging of tool Rooms CMtR-I & CMtR-IICOINDIA Modern Tool Room (Unit-I) was located at our Product Die & Mould Centre Cum Education Centre at Avarampalayam, occupying around 7000 sq.ft in the building. This unit was incurring around Rs.2.50 lakhs as fixed cost per month. However the turnover of this unit was hardly about 3 to 4 lakhs per month.

In the above circumstances, considering that we have adequate space at our COINDIA Modern Tool Room (Unit-II) at Kalapatti, it was decided by the Committee to relocate the machines (CMTR-I) to place together with the machines at CMTR-II. By reason of doing the same, we will have synergy in utilizing the various factors of production including power, manpower and supervision & control. Moreover the 7000 sq.ft. can be used for better revenue generation, including enhancing the ETC training activities, and renting out to tenants.

Accordingly, COINDIA Tool Room Unit-I, Avarampalayam was re-located to Unit-II at Kalapatti in October 2015. By this initiative, COINDIA Tool Room, as a single unit, could start reaping the benefit of scale of economies and synergy towards serving the SMEs. The merging also facilitates effective utilization of the CNC machines for the in-house jobs which were resourced from outside.

The impact of merging of Tool Rooms shows reasonable outcomes and expects good results in the years to come on focusing maximum utilization of machinery capacity by working out new business plans and methods.

Raw Material BankCOINDIA-RMB is continuing its services and it contributed a turnover of Rs.717 lakhs, during this year.

Education Cum Training Centre (ETC)TNSDC (Tamilnadu Skill Development Corporation) Skill Development Program

COINDIA-ETC has been approved for implementing the Scheme for imparting training for about 400 candidates with the funding of 1.25 crores under TNSDC Skill Development Training Programme for the year 2016-17. As we already have basic training infrastructure & facilities at our end, it is



expected to have continuous training programs and good revenue from this scheme. The candidates are trained for the following jobs:

• Turner • Machinist• CNC Turner • CNC Miller• Welder • Electrician• Winder for motor Industry • DRO-Milling Operator

The first batch training consisting for 30 candidates has started on 23rd Feb. 2016. New additional class rooms and related facilities are planned to accommodate this training.

290 candidates were trained in our ETC under Industrial School in various on the job training in CMM, CNC EDM etc besides short terms courses for skill up-gradation, during the year.

CAD Centre had trained 511 BE students under joint working arrangements with Engineering Colleges and Institutions, which includes 150 SSI personnel and other candidates. COINDIA had also conducted 7 value added Workshops benefitting 140 participants.

In pursuit of Industry & Institutional intervention, COINDIA-ETC had tied up with one more University, during the year.



ACCountS



InDepenDent AuDItoRS’ RepoRt

Report on the Financial StatementsWe have audited the accompanying financial statements of The Southern India Engineering Manufacturers’ Association (“the Company”), which comprise the Balance Sheet as at March 31, 2016, and the Statement of Income and Expenditure Account for the year then ended, and a summary of significant accounting policies and other explanatory information.

Managements’ Responsibility for the Financial StatementsThe management of the Company are responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (‘the Act’) with respect to the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with rule 7 of Companies (Accounts) Rules, 2014. This responsibility includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; design, implementation and maintenance of adequate internal financial controls, that are operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company’s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial control systems over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by Company’s Management, as well as evaluating the overall presentation of the financial statements.



Place : Coimbatore Date : 28.05.2016

For N.R. DORAISWAMI & CO Chartered Accountants

(Firm Regn. No.000771S)

(Sd.) SUGUNA RAVICHANDRAN Partner

Membership No. 207893

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements.

opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31st March, 2016 and its surplus for the year ended on that date.

Report on other legal and Regulatory RequirementsAs required by section 143(3) of the Act, we further report that:

a) we have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit;

b) in our opinion proper books of account as required by law have been kept by the Company so far as appears from our examination of those books;

c) the Balance Sheet, Statement of Income and Expenditure Account with by this Report are in agreement with the books of account;

d) in our opinion, the aforesaid financial statements comply with the Accounting Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014;

e) On the basis of written representation received from the directors as on 31st March 2016 taken record by the board of directors, none of the director’s is disqualified as on 31st March 2016 from being appointed as director in terms of section 164(2) of the Companies Act, 2013.

f) with respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate report in “Annexure A”; and

g) With respect to the other matters to be included in the Auditors Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us;i. The Company does not have any pending litigations which would impact its financial position.ii. The Company did not have any long term contracts including derivative contracts; as such

the question of commenting on any material foreseeable losses thereon does not arise.iii. There is no amount required to be transferred to Investor Education and Protection Fund by

the Company. The question of delay in transferring such sums does not arise.



AnnexuRe – A - to InDepenDent AuDItoRS’ RepoRt

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)We have audited the internal financial controls over financial reporting of The Southern India Engineering Manufacturers Association (“the Company”) as of March 31, 2016 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

Management’s Responsibility for Internal Financial ControlsThe Company’s management is responsible for establishing and maintaining internal financial controls based on internal controls over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Auditors’ Responsibility Our responsibility is to express an opinion on the Company’s internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s internal financial controls system over financial reporting.

Meaning of Internal Financial Controls Over Financial ReportingA company’s internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial



statements for external purposes in accordance with generally accepted accounting principles. A company’s internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial ReportingBecause of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

opinionIn our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31 March 2016, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

Place : Coimbatore Date : 28.05.2016

For N.R. DORAISWAMI & CO Chartered Accountants

(Firm Regn. No.000771S)

(Sd.) SUGUNA RAVICHANDRAN Partner

Membership No. 207893



Balance Sheet as at 31St March, 2016

Particulars Note No.

Figures as at the end of

current Reporting

period 31.03.2016

`


previous Reporting

period 31.03.2015

`

I. EQUITY AND LIABILITIES (I) Shareholder’s Fund a) Share Capital b) Reserves and Surplus-Capital Fund 1 82,48,962 69,72,885 c) Money Received Against Share Warrants (2) Share Application Money Pending Allotment - - (3) Non-Current Liabilities a) Long Term Borrowings - - b) Deferred Tax Liabilities (Net) - - c) Other Long Term Liabilities 2 13,14,703 13,14,703 d) Long Term Provisions - - (4) Current Liabilities 3 a) Short Term Borrowings - - b) Trade Payables 54,621 1,73,598 c) Other Current Liabilities 7,968 1,054 d) Short Term Provisions - - totAl 96,26,254 84,62,240 II. ASSetS (1) Non-Current Assets a) Fixed Assets (i) Tangible Assets 4 20,83,624 21,58,767 (ii) Intangible Assets b) Deferred Tax Asset (Net) - - c) Non-Current Investments - - d) Long Term Loans and Advances 5 1,75,793 1,41,768 e) Other Non-Current Assets - - (2) Current Assets 6 a) Inventories - - b) Trade Receivables 2,68,816 2,75,604 c) Cash & Cash Equivalents 47,24,229 36,57,802 d) Short Term Loans & Advances 5,68,979 7,87,768 e) Other Current assets 18,04,813 14,40,531 totAl 96,26,254 84,62,240

See accompanying notes to the financial statements. The Notes to Balance Sheet, Profit and Loss Account & Notes showing Additional Disclosures & Accounting Policies form integral part of Financial Statements. To refer our report of even date. (Sd.) SUGUNA RAVICHANDRAN Sri Ma. Sendhil Kumar Sri K Mohan Senthil Kumar (Sd.) V. Lakshminarayanasamy For N.R.DORAISWAMI & CO., Sri V. Sundarrajan Sri N. Mahendran President Chartered Accountants Sri D. Vignesh Sri G. Vijaya Ranga RajanM.No : 207893 Sri K. Ramakrishnan Smt. G. Krithiha (Sd.) Sri V. KrishnakumarFRN : 000771S Management Committee Members (Sd.) Sri K.V. Karthik Place : Coimbatore Vice-Presidents Date : 28.05.2016



Income and Expenditure Statement for the year ended 31st March, 2016

Particulars Note No


current Reporting

period 31.03.2016

`


previous Reporting

period 31.03.2015

`I. Revenue from Operations 10 45,30,052 42,86,709 II. Other Income 11 3,32,905 3,05,727 III. totAl ReVenue 48,62,957 45,92,436 IV. EXPENSES

Purchase of Stock-in-Trade - - Operating Expenses 12 6,75,612 7,14,694 Changes in inventories of finished Goods, Work-in-Progress & Stock-in-Trade

- -

Employees Benefits Expenses 13 11,75,547 8,96,455 Finance Cost - - Depreciation & amortization Expense 1,74,132 2,53,412 Other Expenses 14 15,74,589 16,06,037

totAl expenSeS 35,99,880 34,70,598 V. Surplus before Exceptional and

Extraordinary Items and Tax III-IV 12,63,077 11,21,838

VI. Exceptional Items 13,000 - VII. Surplus before extraordinary items and tax V+VI 12,76,077 11,21,838 VIII. Extraordinary Items - - IX. Surplus before tax VII+VIII 12,76,077 11,21,838 X. Tax expense: (1) Prior year tax - - (2) Current tax - - (3) Deferred Tax Assest / Liability XI. Profit(Loss) for the period from

continuing operations IX-X 12,76,077 11,21,838

XII. Profit/(Loss) from discontinuing operations - - XIII. Tax expense of discontinuing operations - - XIV. Profit/(Loss) from Discontinuing operations (XII - XIII)

- -

XV. Profit/(Loss) for the period (XI + XIV) 12,76,077 11,21,838 XVI. Earning per equity share: (1) Basic - - (2) Diluted - -

See accompanying notes to the financial statements. The Notes to Balance Sheet, Profit and Loss Account & Notes showing Additional Disclosures & Accounting Policies form integral part of Financial Statements. To refer our report of even date. (Sd.) SUGUNA RAVICHANDRAN Sri Ma. Sendhil Kumar Sri K Mohan Senthil Kumar (Sd.) V. Lakshminarayanasamy For N.R.DORAISWAMI & CO., Sri V. Sundarrajan Sri N. Mahendran President Chartered Accountants Sri D. Vignesh Sri G. Vijaya Ranga RajanM.No : 207893 Sri K. Ramakrishnan Smt. G. Krithiha (Sd.) Sri V. KrishnakumarFRN : 000771S Management Committee Members (Sd.) Sri K.V. Karthik Place : Coimbatore Vice-Presidents Date : 28.05.2016



Description As at

31.03.2016 `

As at 31.03.2015

`

note 1 – ReSeRVeS & SuRpluS - CApItAl FunD

Capital Fund (Accumulated Surplus) 69,72,885 61,86,411

Less : WDV of Assets transferred as per Schedule II – 3,35,364

69,72,885 58,51,047

Add : Net Surplus of the Year 12,76,077 11,21,838

82,48,962 69,72,885

note 2 – otHeR lonG teRM lIABIlItIeS

Rent Advances (Unsecured)

Aeon Systems India Private Limited 2,34,147 2,34,147

Gomovious Impex Private Limited 3,00,000 3,00,000

Heart Associates 84,000 84,000

ICICI Bank Limited 2,84,436 2,84,436

Orbitz Corporate & Leisure Travels 1,62,120 1,62,120

Raghav Industries Limited 2,50,000 2,50,000

13,14,703 13,14,703

note 3 – CuRRent lIABIlItIeS

A) tRADe pAYABleS

Liabilities for Expenses - Others 54,621 1,73,598

54,621 1,73,598

B) otHeR CuRRent lIABIlItIeS

Statutory Liabilities 7,968 1,054 7,968 1,054

TOTAL (A+B) 62,589 1,74,652

pARt - B

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Description As at

31.03.2016 `

As at 31.03.2015

`

note 5 – lonG teRM loAnS AnD ADVAnCeS

Deposits 1,75,793 1,41,768

1,75,793 1,41,768

note 6 – CuRRent ASSetS

A) Trade Receivables

Outstanding for More than 180 days 8,428 6,181

Outstanding for less than 180 days 2,60,388 2,69,423

2,68,816 2,75,604

B) Cash and Cash Equivalents

Cash on Hand 28,765 24,697

Cash with Bank in Current Account 1,56,588 1,11,622

Fixed Deposits with Bank 45,38,876 35,21,483

47,24,229 36,57,802

C) Short Term Loans and advances

Others 5,68,979 7,87,768

5,68,979 7,87,768

D) Other Current Assets

Prepaid Expenses 10,992 4,146

Service Tax Receivable 5,01,784 5,01,138

Income Tax Refund Due 12,92,037 9,35,247

18,04,813 14,40,531 TOTAL (A+B+C+D) 73,66,837 61,61,705

pARt - B




Description As at

31.03.2016 `

As at 31.03.2015

`

note 10 – ReVenue FRoM opeRAtIonS

Meeting Receipts 44,136 1,30,672 Entrance Fee 3,000 1,500 Membership Subscription 4,02,571 4,18,752 Sale of Member’s Directory 40,550 49,900 Rent Receipts 32,53,500 30,47,988 SIEMA Day Sponsorship 1,40,220 1,06,647 SIEMA Magazine Receipts 6,46,075 5,31,250

45,30,052 42,86,709

note 11 – otHeR InCoMe

Interest Receipts 3,24,604 2,53,734

Miscellaneous Receipts 8,301 9,993

TECA Contribution - 25,000

SIEMA Business Development Trust - 17,000

3,32,905 3,05,727

note 12 – opeRAtInG expenSeS

Meeting Expenses 2,90,751 3,15,819

Technical Committee Activity Expenses 12,635 81,623

SIEMA Magazine Expenses 3,42,460 2,87,943

Subscription Paid 29,766 29,309

6,75,612 7,14,694

note 13 – eMploYeeS BeneFItS expenSeS

Salary 7,64,670 6,16,320

Bonus 1,47,258 87,238

Watch and Ward 2,32,550 1,69,500

Staff Welfare Expenses 31,069 23,397

11,75,547 8,96,455

pARt - C




Description As at

31.03.2016 `

As at 31.03.2015

`

NOTE 14 – OTHER EXPENSES

ADMInIStRAtIVe AnD otHeR oVeRHeADS

Advertisement, Subscriptions & Periodicals 55,593 12,783

Postage & Telephone 1,14,583 1,52,416

Printing and Stationary 80,617 1,55,859

Bank Charges 2,659 2,620

Electricity Charges 1,02,304 1,38,970

Rent Paid 52,665 53,400

Licence and Taxes 1,28,293 1,22,674

Audit Fees 28,625 29,121

Filing fees 2,069 32,502

Legal Fees 31,570 -

Professional Charges 5,04,000 5,14,112

Bad Debts 2,14,859 -

Accounting Charges 48,000 46,500

General Expenses 25,474 17,951

Repairs & Maintenance 1,32,576 2,77,967

Travelling & Vehicle Maintenance 50,702 49,162

15,74,589 16,06,037

note 15 – exCeptIonAl IteMS

Profit on Sale of Vehicle 13,000 –

13,000 –

pARt - C

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noteS FoRMInG pARt oF FInAnCIAl StAteMentS FoR tHe YeAR enDeD 31st MARCH 2016

pARt - A: Significant Accounting Policies for the year ended 31st March, 2016

Significant Accounting Policies The Association is registered as incorporated entity under the provisions of the Indian Companies Act, VII of 1913 and the Liability of the members of the Company is Limited of guarantees. The Association is a Non Profit Organisation licensed to operate under section 8 of the Companies Act, 2013. Hence the Association is a Company without Share Capital.

Basis of Accounting The financial statements are prepared at historical cost convention on accrual basis following going concern and as per applicable Indian Accounting Standards. The company follows mercantile system of accounting and recognizes income and expenditure on accrual basis except those with significant uncertainties.

Investments Investments are stated at cost and are Long Term Investments. No provision is made in the books for diminution in the value of investments wherever they are considered temporary.

Fixed AssetsFixed assets are stated at their original cost including incidental expenses related to acquisition and installation, less accumulated depreciation and impairment losses if any. Cost comprises of the purchase price and any other attributable cost of bringing the asset to its working condition for its intended use.

Depreciationa) Depreciation on fixed assets has been provided on useful lives of the Fixed Assets accordance

with Schedule II of the Companies Act, 2013.

b) For additions during the year, pro-rata depreciation has been provided from the date on which the assets have been put to use.

c) For all the assets costing below Rs.5,000/- each, depreciation is provided @ 95% retaining 5% as residual value in the year of addition, irrespective of date of addition.

Revenue Revenue from all Service Transactions, Interest and Other Sources are recognised on Accrual basis wherever there is no uncertainty regarding the amount of consideration or its collectability wherever applicable. Other Compensatory/Other claims, if any, will be accounted on finalisation of the same.



leasesLeases where the lessor effectively retains substantially all the risks and benefits of ownership of the leased assets are classified as operating leases. Operating (Rental) lease payments/ receipts are recognised as an expense/income in the Income and Expenditure Account over the lease term on accrual basis.

provisions A provision is recognised when an enterprise has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Service Tax on account of Services rendered as per applicable law is made wherever considered applicable in the opinion of the management of the association.

taxationThe company is registered under section 12A(a) of the Income Tax Act and is taxable under the provisions of Section 11 & 12 of the Income Tax Act. In view of the method of computation of Tax, provision for Current and Deferred Tax does not arise for the period under report.

To enable our members to compete globally with their products and services

• To extend support to our member industries toprosper

• Tooffer up-to-date technical support tomembers• To train and enablemembers tomeet the global

challenges in technology and competitiveness• To develop techno-commercial co-operationwith

international enterprises• To promote programmes for enhancing the quality

of life of all stake-holders• To representmemberson common issueswith the

policymakers.

Mission

Vision

63rd AnnuAl RepoRt - 2016


President honouring Dr. K. Shatrapati Shivaji, I.A.S, Chairman and Managing Director, SIDBI on 3rd June 2015

Sri. V. Krishnakumar, Vice President addressing an interaction meet with Sri. K. Skandan, I.A.S,

Additional Chief Secretary, TNPCB on 3rd June 2015

President honouring Sri Kalraj Misra, Hon’ble Minister of MSME, on 8th June 2015

Session on ‘Income Computation Discloser Standards’ on 15th June 2015

62nd Annual General Meeting held on 27th June 2015


63nd AnnuAl RepoRt - 2016

MED: 20 of BIS Meeting held on 23rd June 2016 at SIEMA Meeting on Lean Manufacturing on 3rd July 2015

Lecture on ‘Lean to Make More Profit’ 3rd July 2015 Session on Understanding Financial Needs of SMEs held on 9th July 2015

Interaction with Sri K. Ramalingam, IRS, Principal Commissioner of Income Tax held on 21st July 2015

Session on ‘Digital Marketing’ by M/s AGT Electronics held on 7th August 2015



Discussion with officials of SIDBI held on 15th August 2015 Session on India Engineering Sourcing Show held on 17th August 2015

Session on ‘Energy Efficiency Measurers in Coimbatore Engineering Cluster’ held on 25th August 2015

Session on ‘5S related to Lean Manufacturing’ held on 4th September 2015

President honoring Sri Krishna Samraj on his election as National Chairman of IIF on 15th September 2015

SIEMA & IIF jointly organized a Customers Meet with M/s.Vedanta on 24th September 2015



‘SME Conclave’ organized by DUN & Bradstreet held on 28th September 2015

Meeting with the officials of British High Commission on 28th September 2015

Joint Session with EEPC on ‘Exports to Latin America’ held on 7th October 2015

Meeting with the officials of Shipping Corporation of India on 7th October 2015

Meeting with the officials of Tamilnadu Industrial Investment Corporation on 8th October 2015

Meeting with Smt. Nirmala Seetharaman, Hon’ble Minister of State for Commerce and Industry during her visit to

Coimbatore on 9th October 2015



Session on ‘Solid Waste Management’ held on 9th October 2015

SIEMA and IPMA Joint Managing Committee Meeting held on 14th October 2015

Discussion with Dr. Anup K. Pujari, I.A.S, Secretary to Government, Ministry of MSME held on 17th October 2015

63rd SIEMA Day held on 24th October 2015

63rd SIEMA Day held on 24th October 2015



Meeting with Indirect Tax Ombudsman Chennai held on 26th October 2015

Vice President Sri V. Krishnakumar offering felicitations to Sri A.V. Varadharajan on his 80th Birthday Celebrations

held on 31st October 2015

Meeting with Sri Narendra Singh Tomar, Hon’ble Minister of Steel during his visit of Coimbatore

on 14th November 2015

Meeting with Director, BIS, Coimbatore held on 19th November 2016

Session on ‘Advanced Lean Manufacturing Practices’ held on 23rd and 24th November 2015

President addressing Members Meet of CII held on 17th November 2015



Cuddalore Flood Relief Measures during December 2015

Cuddalore Flood Relief Measures during December 2015

Sri K.K. Rajan, Vice President inaugurated the ‘Vendor Development Program’ organized by COTMA

on 7th January 2016

Session on ‘Exports to Sri Lanka and Cambodia’ on 21st January 2016



Session on ‘Intellectual Property Rights’ held on 7th January 2016

President honouring Sri Ravi Capoor, I.A.S, Joint Secretary to Government, Ministry of Commerce

on 28th January 2016

Session on ‘Waking Kovai up from Technology Slumber’ on the eve of Kovai Vizha held on 4th February 2015

Road Show on ELECRAMA organized by IEEMA on 5th February 2016

Meeting with Sri Prakash Javedakar, Hon’ble Minister of Environment and Forest during his visit to Coimbatore on

29th January 2016



Sri K.K. Rajan addressing the audience during the National Conference on Pumps

held on 19th February 2016

Inauguration of Forge Technology held on 19th February 2016

President addressing a Panel Discussion during the launch of Center for Manufacturing Excellence organized by KGK

Capital – Ti ABK - AOTS DOSOKAI on 22nd February 2016t

Meeting on Smart Pumps jointly organized by SIEMA and EEPC held on 23rd February 2016

Felicitation to CODISSIA on their receiving Best BMO Award under District Level Category held on 24th February 2016



Session on Union Budget held on 2nd March 2015 Session on Technical Solution Project held on 8th March 2016

Sri Amit Kumar Tripathi, Deputy Director, SME Finance Facilitation Center, CII, New Delhi met our

President on 14t March 2016

Session on Inventory Management held on 25th March 2016

Joint Meeting of Associations to discuss about Implementation of VAT on 23rd March 2016

Session on New Accounting Standards held on 22nd March 2016



President Honouring Sri Kyungsoo Kin, Counsel General, Republic of Korea, during the First Zonal Committee

Meeting of CII, Coimbatore Zone

President Honouring Mrs. Nirmala Seetharaman, Hon’ble Minister of State for Commerce and Industry

during his visit to Coimbatore on 29th April 2016

Sri K.V. Karthik, Vice President and Mr. R. Jagadeesan, President, Si’Tarc met Sri P. Manoj, Deputy General

Manager, SIDBI, on 9th May 2016 and discussedon Smart Pumps

Session on ‘Doing Business with Russia and Opportunities in Innoprom’ held on 10th May 2016

2nd Working Group Meeting on Development of Smart Pump held on 9th April 2016



Stake Holders Meeting on ‘AgDSM Project Implementation of EESL’ held on 6th April 2016 at SIEMA

Joint Workshop with Foundation for MSME Clusters, New Delhi on Opportunities for Export for Engineering Products to Various Countries held on 29th April 2016

Session on Schemes of NSIC held on 13th April 2016 Interaction with Sri P. Ravi Kumar, Zonal General Manager, NSIC Ltd, on 8th April 2016

Officials of FMC, New Delhi met Presidents of SIEMA & COINDIA on 28th April 2016

12th Managing Committee Meeting held on 28th May 2016

the southern india engineering manufacturers’ association · chansuba pumps p ltd vice-presidents...

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