Thank you all one again. K.K. Rajan President th Annual Report

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3 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION President s Message Dear Members, Greetings I am happy to present the 65th Annual Report for the year of SIEMA. A lot of various internal and external factors affected the pump industry and it was overall a very challenging year for the economy. The Indian economy is a cash-driven economy and demonetization had largely affected its growth. The GDP growth rate of 7.1% in fell to 6.5% in The MSME sector has recovered from the drastic changes and its impact on revenues, but demonetization forced the MSME sector towards digital arenas. The introduction of Goods and Services Tax on 1st July 2017 was a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, the aim was to mitigate cascading or double taxation in a major way and pave the way for a common national market. From the consumer point of view, the biggest advantage would be in terms of a reduction in the overall tax burden on goods, which was estimated to be around 25%-30%. The Indian Industry expected that GST would also make Indian products competitive in the domestic and international markets. Based on our direct representation and also with other Associations the GST Committee has reduced the GST rates for Cables, Ball Bearings from 28% to 18%. We conducted more than ten GST awareness sessions with experts from the field for the benefit of our members. The MSME s are worst-hit post GST, with the spiraling raw material prices and severe cash crunch faced by the MSME s. The trend of Raw Material prices going up started in October 2017, and is going on, unabated till now. Due to this Raw Material price hike the pumpset prices revised 5 to 7% respectively by the manufacturers. SIEMA has received National Level GOLD Grade Accreditation from the National Accreditation Board for Education and Training (NABET) Quality Council of India, New Delhi. This year, we designed a new brochure for SIEMA and the same has been updated periodically. We represented few grievance viz. infrastructure facilities to Coimbatore, GST issues, E Way bills, Invert Duty Structure, Labour issues, Points on MSME & Startup Policy with the Union and State Governments and policy makers. As the President of this Prestigious Association every moment was memorable and I had the opportunity of attending many meeting and meeting VIPs. I would like to express my gratitude to all of you for providing me your support throughout the term. Thank you all one again K.K. Rajan President - 1 -

4 Table of Contents S.No. Title Pages 1 AGM Notice 3 2 Managing Committee Members for the year th Annual Report and Financial Statements 6 4 Finance and Accounts 8 5 Achievements of SIEMA during the Year 10 6 Subjects related to Union Government 11 7 Subjects related to State Government 12 8 Meetings organized by SIEMA 9 Export Promotion Meeting with Dignitaries Taxation Representation to various bodies Nominations Felicitations CSR Activities 16 Membership and Representations Managing Committee Members - Attendance Annexure - I - Activities of Technical Committee Annexure - II - Activities of Si'Tarc Annexure - III - Activities of COINDIA

5 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION 8/4, Race Course, SIEMA Building, Coimbatore TO ALL MEMBERS: AGM 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 65 th Annual General Meeting of the Association will be held at 5:45 p.m. on Thursday the 28 th June 2018 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 1 st June 2017 to 31 st May To receive, consider and adopt the Audited Balance Sheet and the Income & Expenditure Account for the period from to and the Auditor s Report thereon. 3. To receive and consider the budget for Income & Expenditure Account and Capital Expenditure for the financial year To elect 3 Members under category A 4 Members under category B 2 Members under category C 5. To appoint an Auditor and fix remuneration for the year For and on behalf of the Managing Committee Date : K.V. Karthik Vice President - 3 -

6 SUCCESSION LIST OF PRESIDENTS Dr. G.R. Damodaran M/s. P.S.G. Industrial Institute Sri D. Balasundaram M/s. Textool Company Ltd Dr. G.R. Damodaran M/s. P.S.G. Industrial Institute Sri N. Duraisamy M/s. Dhandayuthapani Foundry P Ltd Sri G. Varadaraj M/s. P.S.G. Industrial Institute Sri R. Somasundaram M/s. Velumani Engineering Industry Sri S. Thiruvenkatesalu M/s. S.S. Foundry Sri N. Mohan Nambiar M/s. Sabari Engg. & Agro Works Sri R.R. Jagannathan M/s. Gopalakrishna Industries Sri Mahendran Ramdass M/s. Mahendra Engg. Works Sri R.R. Balasundharam M/s. Renghanathan & Sons Sri R. Vellingiri M/s. Rangavale Industries Sri G. Rajendran M/s. C.R.I. Pumps Pvt. Ltd Sri C R Swaminathan M/s PSG Industrial Institute Sri C.R. Shanmughasundaram M/s. Aryen Motors India P Ltd Sri Jayakumar Ramdass M/s. Mahendra Submersible Pumps P Ltd Sri R.R. Ranghanathen M/s. Perfect Engineers Sri T.C. Thiagarajan M/s. Chansuba Pumps P Ltd Sri V. Lakshminarayanasamy M/s. Suguna Industries Sri K.K. Rajan M/s. Sharp Industries SUCCESSION LIST OF HON. SECRETARIES Sri D. Govindarajulu M/s. Eastern Electrical Co Sri R. Govindarajan 1956 Sri D. Govindarajulu M/s. Eastern Electrical Co Sri V. Ramachandran M/s. Coimbatore Premier Corn. P Ltd Sri R. Somasundaram M/s. Texmo Industries Sri V.V.V. Guruswami M/s. Bharat Foundry Sri K. Ramaswamy M/s. Elseetee Industries Sri S. Thiruvenkatesalu M/s. Sri Srinivasa Foundry Sri N. Mohan Nambiar M/s. Sabari Industries Sri R.R. Jagannathan M/s. Gopalakrishna Industries Sri G. Rajendran M/s. Coimbatore Rajendra Industries Sri P. Nithiyananthan M/s. Anand Sanitations Sri R.R. Balasundharam M/s. Renghanathan & Sons Sri R. Vellingiri M/s. Rangavale Industries Sri C.R. Shanmughasundaram M/s. S.A. Ivy Pumps P Ltd Sri K.V. Ganapathi M/s. Broadway Engg. & Trans co Sri Jayakumar Ramdass M/s. Mahendra Submersible Pumps p Ltd SUCCESSION LIST OF VICE PRESIDENTS Sri C.R. Shanmughasundaram M/s. Aryen Motors (I) P Ltd Sri Jayakumar Ramdass M/s. Mahendra Pumps P Ltd Sri K.V. Ganapathi M/s. Broadway Engg & Trans Co Sri R.R. Ranghanathen M/s. Perfect Engineers Sri T.C. Thiagarajan M/s. Chansuba Pumps P Ltd Sri V. Lakshminarayanasamy M/s. Suguna Industries Sri K.K. Rajan M/s. Sharp Industries Sri V. Krishnakumar M/s. Aquasub Engineering Sri K.V. Karthik M/s. Deccan Industries Sri D. Vignesh M/s. Ellen Industries P Ltd

7 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION SIEMA Buildings, 8/4, Race Course, Coimbatore Estd. : 1952 Bankers STATE BANK OF INDIA Race Course Road Branch, Coimbatore Auditor Mrs. Suguna Ravichandran Chartered Accountant Registered Office Siema Buildings, 2 nd Floor, 8/4, Race Course, Coimbatore Telefax: & Mail: siema@siema.org Website: CIN No.U91110TZ1950NPL President Sri K.K Rajan MANAGING COMMITTEE FOR THE YEAR M/s. Sharp Industries Immediate Past President Sri V. Lakshminarayanasamy Vice-Presidents Sri V. Krishnakumar Sr K.V. Karthik Sri D. Vignesh Members: Sri N. Mahendran Sri K. Ramakrishnan Sri Ma. Sendhil Kumar Sri N. Shajahan Sri Mohan Senthil Kumar Sri R. Arun Sri V. Sundarrajan Sri V. Dinesh Sri T Vijay Mohan Sri N. Ravi Sri Mithun Ramdas Sri Sai Krishnan Sri R. Karthikeyan Sri R. Ravichandran Co-opted Members: Smt. J. Mohanasundari Smt. G. Krithiha Sri G. Vijaya Rangha Rajan Sri C. Muthusami M/s. Suguna Industries M/s. Aquasub Engineering M/s. Deccan Industries M/s. Ellen Industries P Ltd. M/s. Yathi Pumps M/s. Best Engineers Pumps Pvt. Limited M/s. Supertech Industries M/s. Texmo Industries M/s. Aqua Flow M/s. Sri Suguna Machine Works M/s. Sreeram Engineers M/s. Marks Engineering M/s. S.S. Foundry M/s. PSG Industrial Institute M/s. Mahendra Pumps P Ltd. M/s. Aryen Motors (India) P Ltd. M/s. Om Murugan Industries M/s. Krishnaveni Carbon Products P Ltd M/s. Kayjay Sharp Trendys M/s. Sri Ram Air Compressors Cbe P Ltd. M/s. GSV Industries M/s. Stark Motors - 5 -

8 65 th ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE ASSOCIATION AS ON 31 st MARCH 2018 TOGETHER WITH THE AUDITOR S REPORT The Managing Committee of the Southern India Engineering Manufacturers Association, Coimbatore takes an immense pleasure in presenting you the 65 th Annual Report with Balance sheet of the Association as on 31 st March 2018, Income & Expenditure Account for the period from to along with the Auditor s Report is also presented herewith. Managing Committee As per the Articles of Association of SIEMA, the following members were elected under the category mentioned below during the 64 th Annual General Meeting on 21 st June i) Category A: Amongst members with an investment equal to Rs. 25 lakhs in Plant and Machinery (3 members): Against 3 vacancies in the Managing Committee to be filled-up by members for the Category A, below are the three valid nominations received: 1) Sri Ma. Sendilkumar M/s. Superteck Industries 2) Sri R. Karthikeyan M/s. Om Murugan Industries 3) Sri V. Sundararajan M/s. Sreeram Engineers ii) Category B: Amongst members with an investment above Rs. 25 lakhs but Rs.500 lakhs or less in Plant & Machinery (4 members): Against 4 vacancies in the Managing Committee to be filled-up by members for the Category B, below are the four valid nominations received: 1) Sri D Vignesh M/s. Ellen Industries P Ltd 2) Sri R. Ravichandran M/s. Krishnaveni Carbon Products P Ltd 3) Sri K. Mohan Senthil Kumar M/s. Aqua Flow 4) Sri Sai Krishnan M/s. Aryen Motors India P Ltd iii) Category C: Amongst members with an investment more than Rs. 500 lakhs in Plant and Machinery: Against 2 vacancies in the Managing Committee to be filled-up by members for the Category C, below are the two valid nominations received: 1) Sri V. Krishnakumar M/s. Aquasub Engineering 2) Sri N. Shajahan M/s. Texmo Industries The other continuing members of the Managing Committee for the year were: 1) Sri N. Mahendran M/s. Yathi Pumps 2) Sri V. Dineshkumar M/s. Marks Engineering Works 3) Sri T. Vijay Mohan M/s. S.S. Foundry 4) Sri K.K. Rajan M/s. Sharp Industries 5) Sri K.V. Karthik M/s. Deccan Industries 6) Sri K. Ramakrishnan M/s. Best Engineers Pumps P Ltd 7) Sri R. Arun M/s. Sri Suguna Machine Works 8) Sri Mithun Ramdas M/s. Mahendra Pumps P Ltd 9) Sri N. Ravi M/s. PSG Industrial Institute - 6 -

9 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION The following members were elected as Office bearers for the year Sri K.K. Rajan, President M/s. Sharp Industries Sri V. Krishnakumar, Vice President M/s. Aquasub Engineering Sri K.V. Karthik, Vice President M/s. Deccan Industries Sri D. Vignesh, Vice President M/s. Ellen Industries Pvt Ltd The following members were co-opted to the Managing Committee for the year Sri C. Muthusami M/s. Stark Motors Sri G. Vijaya Rangha Rajan M/s. GSV Industries Smt. J. Mohanasundari M/s. Kayjay Sharp Trendys Smt. G. Krithiha M/s. Sriram Air Compressors Cbe Pvt. Ltd. Special Invitees: We thank the following members for their contribution as Special Invitees: a) Past Presidents of SIEMA and b) Special Invitees S.No. Name Designation Representation 1 Sri K.V. Ganapathi Managing Partner Broadway Engg. & Trans. Co, 2 Sri D. Balasundaram Managing Director CPC P Ltd. 3 Smt. C.G. Sri Priya Director Best Engineers Pumps P Ltd., 4 Sri P. R. Periyasamy Managing Partner Sri Dhanalakshmi Foundry 5 Sri. V. Sundararajulu Managing Director Supreme Castings P Ltd 6 Sri. P. Parvathakumar Partner Jai Industries 7 Sri. N. Visvanathan Managing Partner Ammarun Foundry 8 Sri. V.P. Kandasami Sr. Manager Q.A C.R.I. Pumps P Ltd 9 Sri D. Ramakrishnan Director Raaja Magnetics Ltd 10 Sri R. Sivakumar Managing Partner Ganapathi Pumps 11 Sri K. Vishnu Managing Director Ideal Pumps 12 Sri A. Murugeesan General Manager V R Foundries 13 Sri T.N. Lakshminarayanan Managing Director S S Heat Recover Engineers 14 Smt. Vanitha Mohan President The Indian Chamber of Commerce and Industry 15 Sri S. Kuppusamy President Coimbatore Industrial Infrastructure Association (COINDIA) 16 Sri V. Sundaram President Coimbatore District Small Industries Association (CODISSIA) 17 Sri. E.K. Ponnusamy President Scientific and Industrial Testing and Research Centre ( Si Tarc) 18 A.M. Natarajan President Coimbatore Productivity Council 19 Sri. Ramesh President Institute of Indian Foundrymen (IIF) 20 Dr. B. Vinod HoD - Robotics & PSG College of Technology Automotive Engineering 21 Sri V. Govindarajulu Principal In-charge Suguna College of Engineering 22 Sri G. Kannan Branch Manager National Small Industries Corporation Limited (NSIC) - 7 -

10 Finance & Accounts Financial position of SIEMA The financial position of SIEMA during the year was satisfactory. The revenue was spent for conducting the various meetings for the benefit of our members Fixed Deposits: Balance as on at (with Accrued Interest) 55,33,327 Deposits withdrawn 25,00,000 30,33,327 Deposit made in bank during the year 7,32,094 Accrued Interest 1,16,939 Balance as on ,82,360 We have invested Rs. 25 lakhs in the following Mutual Funds: 1) Adithya Birla Sun Life Equity Savings Fund Rs. 3,00,000 2) BSL Balanced 95 Fund Reg Plan Gr Rs. 5,00,000 3) DSP Blockrock Balanced Fund Rs. 4,00,000 4) HDFC Bal Fund Gr Rs. 5,00,000 5) HDFC Equity Saving Fund Rs. 3,00,000 6) HDFC Prudence Fund Rs. 5,00,000 Income-tax We have received an assessment order with NIL tax for the Assessment year from the Income Tax Department and also received refund of Rs. 3,51,530/- and 3,86,100/ from Income tax Department for the assessment years and Contribution to COINDIA SIEMA Contributed Rs. 7 Lakh to COINDIA for renovation of ND Hall and 2nd Floor toilet. Inauguration of ND Hall Smt. Vanitha Mohan, President, Indian Chamber of Commerce and Industry, Coimbatore inaugurated the renovated ND Hall on 25th September Office bearers, Past Presidents, Managing Committee Members and Office Bearers of Sister Associations have attended the inauguration. Membership Subscription for the year Office Bearers discussed and proposed to collect additional subscription for the year to meet the increased operation expenses as stipulated in clause 6.5 of Articles of Association of our Association along with Membership Subscription bill for the year

11 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Category A B C Membership subscription Additional subscription % Total Sri K.K. Rajan briefed to the committee, the Committee discussed and approved to collect additional subscription for the year along with Membership Subscription for the year on 21 st April History of Pump Industry M/s. Indian Chamber of Commerce and Industry, Coimbatore has decided to manuscript the evaluation of Pump Industry in Coimbatore and requested Ms. Shobana Kumar a leading author to document the history of pump Industry. The committee has been formed to complete the task consisting of members of SIEMA, CODISSIA and Chamber. The author met Past Presidents and industrial stalwarts and also visited SIEMA to get details from our minute s book. Subscription Arrears The following units had either closed-down or stopped their production and requested us to remove their names from the register of members. 1) Hi Tech India 2) Sri Venkateswara Engineering Corporation Committee has discussed and decided to remove the above units from the register of members. Membership Service Tax Members on roll as on New members enrolled Members withdrawn 2 Total members as on Sri M. Saravanan, Tax Consultant, M/s. Gopal & Co., had attended a hearing for the pending Service Tax case of our Association at Central Excise Tribunal, Chennai on 6th February On 6th February 2018 batch of cases were posted for hearing including SIEMA's case and only cases pertaining to Club or Association alone was taken up for hearing by the Bench and allowed the parties Since in our case other issues are involved the matter was adjourned to On the bench adjourned the case to The case pending in CESTAT hearing will be on by the bench

12 ACHIEVEMENTS OF SIEMA DURING THE YEAR Participation in IESS 2018 M/s. EEPC India had organized a three day International Exhibition viz., International Engineering Sourcing Show 2018 (IESS) from 7th to 10th March 2018 at Chennai Trade Centre, Chennai. M/s. EEPC has allotted a stall to Smart Pump Project. We have displayed the History of SIEMA & pumpsets and motors, project details of Smart Pumps. Success Story of Smart Pumps Sri K.V. Karthik, Vice President gave a presentation on Success Story of Smart Pumps during the seminar on R&D Ecosystem for Indian Industry Challenges and Opportunities in Technology Transfer & Commercialization during IESS 2018 at Chennai Trade Center on 9 th March R & D Meet for Valves M/s. EEPC India, Technology Centre, Bangalore jointly with our Association organized a R & D Meet for Development of Industrial Valves. Sri K.V. Karthik, Vice President coordinating with Dr. Suresh Kumar, Scientist, Office of the Principal Scientific Adviser, Government of India, Sri C.H. Nadiger, Regional Director, EEPC India, Chennai and leading valve manufacturers. Valve Development Committee and Valve Infrastructure Committee have been formed this year and four meetings conducted with above members. Reduction in GST Tax rates Based on our direct representation and also with other Associations the GST Committee has reduced the GST rates for Cables, Ball Bearings from 28% to 18%. Committee thanked the Hon ble Union Finance Minister for this announcement to the benefit of Pump and Motor Industry. SIEMA Awarded the QCI - NABET Sri Aniruddha Roy, and Sri S K Verma, third party Assessors deputed by Quality Council of India visited our Association on 15 th December 2017 and conducted an accreditation Audit. SIEMA has received National Level GolD Grade Accreditation from the National Accreditation Board for Education and Training (NABET) Quality Council of India, New Delhi during the 11 th Meeting of BMO Accreditation Committee held on 12 th January The accreditation is valid for 3 years. They have accorded permission to use NABET-BMO accreditation logo in our letter head, visiting cards, brochure and website. The accreditation will help to improve the competitiveness by utilizing support services of the Ministry of MSME namely financial support to MSMEs in ZED Certification Schemes, Lean Manufacturing, Design Clinic Schemes IPR and digital MSME scheme. All these services can be availed by our members through SIEMA. We take this opportunity to thank the Past Presidents, Managing Committee members, fellow Officebearers for their continued support in the activities of our Association. We also specially thank Sri C. Muthusami, Managing Committee member for guiding us through the entire Accreditation process

13 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION PU MO-CON SIEMA jointly with CII, Coimbatore Zone and IPMA, conducted a one day Conference on Pumps and Motors - PU-MO-CON - on 7 th December 2017 at Hotel Le- Meridian, Coimbatore. The Conference was a huge success with 350 participants from across the country. We thank Sri Jayakumar Ramdass, Chairman and members of Steering Committee for organizing in a grand manner. Brochure for SIEMA This year we designed a new brochure for SIEMA containing the Profile, History and activities of SIEMA. The First brochure was released by Sri R. Somasundaram, Past President and received by Sri G. Rajendran, Past President during the 8th Managing Committee Meeting of our Association on 20 th January Subjects related to Union Government Flight Services A representation was sent to Sri Shyam Sundar, Air India Express, Kochi requesting the following points: i) Direct connectivity to Delhi in the morning to cater to Local Business passengers and International passengers flying to destinations in Europe, Australia, Japan, China and USA. ii) Direct connectivity from Delhi in the evening to our city to bring back the Domestic and International passengers and flight from Coimbatore to South East Asian destinations and Middle East countries. Based on our request for a direct connectivity flight to Delhi and also Singapore has been considered by the Hon ble Minister of State for Civil Aviation Shri Jayant Sinha and the Management of Air India Express. Air India Express considered our demand of connecting Delhi and Coimbatore directly started their operation from 18 th November With this announcement, the passengers travelling from the major cities in USA like New York, Chicago, Washington DC and San Francisco and from Tokyo in Japan to Delhi can take this flight to Coimbatore on the same day. Also the onward journey from Coimbatore in the afternoon to Delhi is connected directly by Air India express to the flights to USA and Japan. This reduces the travel time and overnight stay for international passengers travelling to these destinations from Coimbatore. Initially this carrier connects to Singapore directly, thrice a week. With this, our connectivity to destinations like Japan, China, Australia, New Zealand and other South East Asian countries will improve significantly. We have also requested the Management of Air India Express to operate flights directly from Coimbatore to tourist destinations like Bangkok, Bali, Kualalampur Dubai and Sharjah too in the near future. Representation to RAC A letter was sent to Sri C.P. Rao, Principal Chief Commissioner of GST and Central Excise, Chennai requesting to include SIEMA s name in the newly constituted GST Zonal Regional Advisory

14 Committee. On behalf of SIEMA Sri T Narendran, attended the GST Zonal Regional Advisory Committee meeting on 15 th December 2017 at Trichy. Section 8 of Apprentices Act 1961 A representation was sent to the Secretary, Ministry of Skill Development and Entrepreneurship, New Delhi requesting to clarify the maximum number of apprentices to be engaged by an industry as the Section 8 of Apprentices Act Swattcha Bharat Abhiyan A Proposal was handed over to Sri Sanjay Chavre, Senior Development Officer, Department of Heavy Industry, Government of India during his visit to Coimbatore showing our interest in joining with Swattcha Bharat Abhiyan scheme. Subjects related to State Government New MSME Policy Sri R. Karthikeyan, Managing Committee Member attended a meeting on framing new MSME Policy organized by the Principal Secretary, Industrial Commissioner and Director of Industries and Commerce, Government of Tamil Nadu on 1 st December 2017 at Chennai. The Industries Commissioner and members discussed about the new MSME Policy and the comments of various Associations. The Industrial Commissioner gave a presentation of new industrial policy framed and informed that the policy will be finalized and new industrial policy will be issued shortly. Meeting at TWAD Board Sri K V Karthik Vice President and Sri C. Murugesan, Technical Committee member attended a meeting organized by Tamil Nadu Water Supply and Drainage Board, Chennai on 11 th September 2017 at TWAD Board Head Office and discussed about the Policy for Pumpsets and technical features of various pumpsets in the water supply and sewage projects. Solar Pumpset Scheme A representation was sent to Shri P Thangamani, Hon ble Minister for Electricity, Government of Tamil Nadu requesting to allow only Solar Pumpset manufacturers to participate in the scheme announced by the Government of Tamil Nadu. Representation to Labour Minister A representation was sent to Dr. Nilofer Kafeel, Minister for Labour, Government of Tamil Nadu requesting to include Pump Mechanic and Plumber trades, which have high employment potential, in the proposed Government ITI at Aanaikatti, Coimbatore. Start-up Policy M/s. Entrepreneur Development Institute and Innovation, Government of Tamil Nadu had organized a meeting to discuss about new policy for Start-up Tamil Nadu on 16 th February 2018 at our Association. On behalf of EDII, Smt. Shajeevana, Additional Director, Dr. (Mrs.) Kalaivani Ganesan,

15 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Joint Director, Shri Shiva Shankar, Deputy Director (PMO-IEDP), EDII, Sri V. Krishnakumar, Vice President, SIEMA, Sri R. Ramamurthy, Vice President, CODISSIA, Dr. Kandavel, Hub Co-ordinator, Anna University, Regional Campus, Coimbatore and representatives from CII, YI various educational institutions attended the meeting. Sri K.K. Rajan, President extended a warm welcome to the officials and invitees to the meeting. e-way Bill A representation was sent to Dr. C. Chandra Mouli, I.A.S., Additional Chief Secretary to Government, Commercial Taxes and Registration Department, Government of Tamil Nadu with a copy to the Joint Commissioner, (Enforcement), Office of the Commercial Taxes, Coimbatore informing about the problem faced by our member industry in generating e-way bill. As the e-way bill portal is not accessible to generate the bill, we requested him to direct the authorities to make operation of the portal user-friendly. We also requested not to impose any penalty for noncompliance of e-way bill. Lean Implementation We have sent a circular to all our members informing about the implementation of Lean in the engineering industries through National Productivity Council (NPC) and requested the members to join the programme. Initially five members showed interested to join in the Lean Cluster. Certification Course on Lean Six Sigma Green Belt M/s. Anna University, Regional City Campus, Coimbatore and M/s. Entrepreneur Development Cell, Chennai jointly with our Association has organized a four day Lean Six Sigma Green Belt Certification Course from to at our Association. Sri K.K. Rajan, President inaugurated the session on 12 th July Around 25 representatives from industry and academic side attended the workshop. Meetings organized by SIEMA Management Programme Our Association jointly with M/s. Karunya School of Management has organized a Management Development Programme on, Finance for Non-Finance Executives on 12 th August 2017 at Karunya City Campus. Around 40 participants including our members attended the programme. SIEMA Day The SIEMA Day was celebrated on 23 rd September 2017 at COINDIA Auditorium. Prof. Parveen Sultana, a leading speaker and orator delivered a speech on µœøú. Nearly 150 members with their family attended the SIEMA Day. The speech by Prof. Parveen was very much appreciated by our members Export Promotion Session on Business & Export Opportunities to CZECH Republic SIEMA jointly with EEPC India, Chennai organized an interactive session on Business & Export Opportunities to CZECH Republic on 2 nd August 2017 at our Association

16 Subsidy to Pump Manufacturers Sri C.H. Nadiger, Regional Director, EEPC India, Chennai briefed to SIEMA members about providing subsidy to Pump Manufacturers for releasing advertisements in International News papers and Trade Journals by EEPC India on 19 th April 2018 at our Association. Export Opportunities SIEMA jointly with EEPC India, Chennai organized a seminar on Business & Export Opportunities of Engineering Products through SUBCON, United Kingdom and Automechanika, Dubai on 19 th April 2018 at our Association. Salalah Free Zone, Gulf Mr. Esam Al Nijjar, Sr. Business Development Manager, Gulf and Ms. Tripti Prasani, Country Manager, Salah Free Zone Company, Mumbai met Sri D. Vignesh, Vice-President on 12 th June 2017 at our Association and discussed about the availability of industrial lands in Salalah Free Zone and requested to utilize this offer. Survey of Best Practices of Industry Associations by E & Y Sri Upinder Singh Dhingra, Senior Consultant, Ms. Jasmine Sharma, Consultant, Business Advisory Services, Chandigarh who are conducting a project to identify and map the best practices by leading industrial Associations at National level in major clusters on behalf of the Department of Industries and Commerce, Government of India met our Office bearers on and discussed about the activities of our Association to include in the project. Capital Loans at lower interest for a members from Cholamandalam Smt. Parvathavardhini, Assistant Vice President and Zonal Head (South) and Sri Karthik, Deputy Manager, Cholamandalam Investments and Finance Company Limited met our office bearers on 13 th September 2017 at our Association and discussed about extending Capital loans at lower interest rates without collateral to our members. CEO Session on Family Business CEO Session on Family Business was held concurrent to the Technical Session at PU-MO-CON held on 7 th December 2017 at Hotel Le Meridian. Nearly 75 entrepreneurs attended the session. Session on Digital Literacy Campaign SIDBI Schemes/Mitra Portals SIEMA jointly with SIDBI organized an awareness programme on Digital Literacy Campaign SIDBI Schemes/Mitra Portals on 22 nd December 2017 at our Association. Session on IPR SIEMA jointly with MSME Development Institute, Coimbatore organized an awareness programme on Intellectual Property Rights (IPR) on 29 th December 2017 at our Association. Dr. Sudhir Ravindran, CEO, Altacit Global, Chennai and Sri V. Palanisamy, Assistant controller of Patents and Designs, Government of India, IPR, Chennai addressed the gathering

17 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Zero Defect Zero Effect We have conducted an awareness programme on Zero Defect Zero Effect (ZED) by Sri Binsy Bose, Certified ZED Consultant, Managing Director, Accsol Management Services and Sri Amit Singh, Assistant Director, National Board for Quality Promotion, Quality Council of India New Delhi on 10 th January 2018 at our Association Digital Marketing Sri V Krishnakumar, Vice President delivered the inaugural address during one day Management Development Programme (MDP) on Digital Marketing on 24 th February 2018 at KCT Business School. Abnormal increase in prices of Raw Materials A meeting was held on 22 nd March 2018 at our Association to discuss about the continuous increase in Raw Materials prices since October Members discussed about the key Raw Materials like Pig Iron, CI Borings, Met Coke, HMS Scrap, Copper, Aluminum, SS Sheets, Stampings and in number of other items prices have gone up unreasonably. The impact of raw material increase is reflected as a 7 to 10% increase in the cost of end product. Meeting with Dignitaries Meeting with the National Laghu Udyog Bharat Sri K.K. Rajan, President attended an interaction meeting with Sri Om Prakash Mittal, National President, Laghu Udyog Bharat, New Delhi on at CODISSIA Trade Fair Complex. Meeting with Commerce Minister Sri K.K. Rajan, President and Office bearers of Agricultural Machinery Manufacturers Association (AMMA) met Smt. Nirmala Seetharaman, Hon ble Minister of Commerce & Industry, Government of India on 3 rd August 2017 during their visit to an exhibition on Asian India Event held at Bangkok, Thailand Meeting with CEO Air India Express Shri. V. Sundaram, President, CODISSIA, Smt. Vanitha Mohan President of Chamber of Commerce and Industry and Shri R. Ravichandran, Managing Committee Member, SIEMA had a meeting with the CEO of Air India Express Shri. Shyam Sundar at Kochi on 3 rd October 2017 to reiterate the demand and prevail upon them for affirmative action which would cut down the travel time to destinations in Europe, USA, Japan, Australia Middle East and South East Asian destinations. Meeting at DIC Sri V. Sundararajan, Managing Committee Member attended the Cluster Mapping Study Meeting Organised by Entrepreneur Development Institute, Chennai and District Industries Centre Coimbatore on 11 th October 2017 at DIC office, Coimbatore. Meeting with CMD, NSIC Sri K.K. Rajan, President met Sri Ravindra Nath, Chairman & Managing Director, Sri Gaurang Dixit, Chief General Manager (F & A), Sri Vidya Sagar Singh, Zonal General Manager, National

18 Small Industries Corporation Ltd., on 26 th October 2017 during an interaction meeting organized by CODISSIA. Meeting with CEO, Air India Express Sri K.K. Rajan, President attended a Lunchon Meeting with Shri K Shyam Sundar, Chief Executive Officer, Air India Express Ltd., Kochi on 1 st November 2017 at ITC Welcome Hotels organised by Indian Chamber of Commerce and industry, Coimbatore. Meeting with Minister of School Education Sri K.K. Rajan, President, Sri K.V. Karthik, Vice President and Sri C. Muthusami, Managing Committee Member met Shri K.A. Senkottiyan, Hon ble Minister for School Education, Government of Tamil Nadu on 15 th November 2017 and discussed about the present scenario of General Engineering Industries in this region. Interaction with FICCI Ms. Parul Khanna, Senior Programme Officer, FICCI met Sri. K.K. Rajan, President, Sri K.V. Karthik and Sri D Vignesh, Vice Presidents on 16 th December 2017 and discussed about the state of engineering industries and invited us to attend an interactive workshop on Industry-Academia Collaboration to be held on 19 th December 2017 at Coimbatore. On behalf of SIEMA, Sri B. Satheesh Kumar, Executive Admin attended the workshop on 17 th December 2017 at Hotel Taj. Interaction with Additional Industries Advisor, MSME DI Sri S. Sivagnanam, Addl. Industries Advisor, MSME DI, Chennai visited SIEMA and interacted with our Managing Committee members on 8 th January 2018 at our Association. Defence Industry Development meet Sri K.V Karthik, Vice President attended a meet on Forging New Partnership with Industry for Defence Production held on 18th January 2018 at Chennai. Smt. Nirmala Seetharaman, Hon'ble Minister of Defence, Government of India and Sri Edappadi K. Palanisamy, Hon ble Chief Minister of Tamil Nadu participated in the inaugural function. Swiss Dual Vocational Education & Training Model Sri K.K. Rajan, President attended the Seminar on Swiss Dual Vocational Education & Training Model organized by Indian Chamber of Commerce and Industry on 15 th March 2018 at Vivanta by Taj. His Excellency Dr. Andreas Baum, Ambassador of Switzerland to India delivered the inaugural address during the seminar. Interaction with U.S Consul General Sri K.K. Rajan, President attended an interaction with Mr. Robert G Burgess, U.S Consul General, Chennai on 26 th April 2018 at Hotel the Residency organized by PSG Institutions

19 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Taxation Interaction on GST Sri Mahendra Ramdas, Past President attended an interaction meeting with Shri. S.P. Velumani, Hon ble Minister for Municipal Administration, Government of Tamil Nadu, Joint commissioner, (CT), Officials from Central Excise and trade and industry organized by the District Collector to discuss about the tariff rates of GST on 27 th May 2017 at Collectorate. Meeting with Chief Minister and Finance Minister on GST A team of representatives consisting of SIEMA, Indian Chamber and CODISSIA met Shri D Jayakumar, Hon ble Minister for Finance on 1 st June 2017 at his office and handed-over a memorandum highlighting few problems faced by the member industries with regard to GST rates for Copper wire, Cable, Starters & Switches and Panel Boards. Sri Mahendra Ramdas represented SIEMA. Meeting with the Chief Minister Sri Mahendra Ramdas, Past President met Sri Edappadi K. Palanisamy, Hon ble Chief Minister of Tamil Nadu at his office on 2 nd June 2017 and handed over a memorandum on the above points. Meeting with Sri Venkaiah Naidu A team of Office bearers comprising of Chamber, CODISSIA and SIEMA met Shri Venkaiah Naidu, Hon ble Minister of Urban Development, Housing and Urban Poverty Alleviation Government of India on 8 th June 2017 during his visit to Tiruppur and handed over a memorandum on GST and Airport expansion. President Sri K. K. Rajan joined the team. Awareness Programme on GST SIEMA jointly with Indian Chamber, CODISSIA and Dina Malar organized an awareness programme on â.gì i. ø öáà@áõ on 10 th June 2017 at CODISSIA Trade Fair Complex. More than 5,000 participants attended the session. Session on GST by Hindu - Business Line Sri V. Krishnakumar, Vice president was a panelists in session on GST organized by Hindu - Business Line on 9 th June 2017 at Hotel the Residency. Session on GST by Dr. Ravindra Pranatharthy We have organized a half-a-day session on Goods & Service Tax by Dr. Ravindra Pranatharthy, Advocate, Chennai held on 24 th June 2017 at our Association. Session on GST for Pumpset Industry An exclusive session was conducted on Goods & Service Tax for Pump Industry by Sri CA K Kanagaraj Antonysamy, Chartered Accountant, Chennai on 26 th June 2017 at our Association. Special Interaction on GST Our Association jointly with Indian Chamber, CODISSIA and CII organised a Special Interaction on GST with Shri Suresh P Prabhu, Hon'ble Minister for Railways on 3 rd July 2017 at Chamber Towers, Coimbatore

20 GST Awareness and Interaction SIEMA, CODISSIA, and Indian Chamber jointly with Commissionerate of GST, Coimbatore organized a session on GST awareness and Interaction in the presence of Shri Jayanth Sinha, Hon ble Minister of State for Civil Aviation, Government of India on 11 th July 2017 at CODISSIA Trade Fair Complex. Shri N.J. Kumaresh, I.R.S., Commissioner, GST Commissionerate, Coimbatore has briefed about the implementation of GST. Interaction on GST We have arranged an interaction on GST with Sri S. Jaikumar, Advocate and Country Head, Swamy Associates on 10th August 2017 at COINDIA Auditorium. The session was well attended by around 90 members. Session on Post - GST Issues and Returns We have organized a Session on Post - GST Issues and Returns by Sri S. Jaikumar, Advocate and Country Head, Swamy Associates on 9 th October 2017 at our Association. More than 65 members attended the session. Meeting with Commissioner, GST Sri K.K. Rajan, President, Sri V. Krishnakumar, Sri D. Vignesh, Vice Presidents and Sri Mahendra Ramdas, Past President met Sri G. Srinivasa Rao, Commissioner of Central GST and Central Excise, Coimbatore on 10 th November 2017 at his office and discussed about the present scenario of pumpset and general engineering industries after the implementation of GST. Session on GST an Overview We have arranged a session on GST - an Overview by Sri Nagarajan, Managing Director, Gov Reports on 27 th November 2017 at our Association. Workshop on E - WAY Bill We have arranged a workshop on E WAY BILL by Sri T. Ezhilarasan, Certified GST Practitioner, supported by AXN Infotech on 23 rd April 2018 at our Association. Representation to EEPC A representation was sent to Sri C.H. Nadiger, Regional Director, EEPC India informing that the Hand Pumps and parts (8413, ) thereof is mentioned under 5% GST schedule column but Power driven pumps and Parts thereof (841370, ) falling under 12% GST Schedule. Hence we requested M/s. EEPC to take up the subject with the GST Council. Recent Amendments on Contract, Labour, Minimum Wages and EPF Acts We have organized a programme on Recent Amendments on Contract, Labour, Minimum Wages and EPF Acts by Sri M.R. Manoharan, Hon. Labour Law Consultant, SIEMA on 16 th November 2017 at our Association. Workshop on E - WAY Bill A workshop on E WAY BILL by Sri T. Ezhilarasan, Certified GST Practitioner, supported by AXN Tally held on 23 rd April 2018 at our Association

21 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION GST Refund A meeting has been called with few members to discuss about the difficulties in online filing and other issues in GST refund on 15 th May 2018 at our Association. members discussed and decided to represent the subject with the Commissioner of GST. Office-bearers, Past President, Managing Committee Members and few Members met Sri G. Srinivasa Rao, I.R.S., Principal Commissioner, Officials of GST and Central Excise, represented the problems faced by our member industries on Duty Draw Back Structure & GST Refund on 17 th May 2018 at his office. In continuation to the above, we have organised an Interaction on GST Refund Process for Inverted Duty with Sri S. Sathish Kumar, I.R.S., Assistant Commissioner, GST and Central Excise, Div. II, Coimbatore on 30 th May 2018 at our Association. Representation to various bodies Smart Enterprises Sri K.K. Rajan, President, Sri V. Krishnakumar, Vice President and few Managing Committee members attended a session on Smart Enterprises organized by Outlook Business Magazine on 23 rd June 2017 at Hotel Le Meridien. GK Sundaram Award Sri K.K. Rajan, President and Sri V. Krishnakumar, Vice President attended the GK Sundaram Award function organized by Indian Chamber of Commerce and Industry on 26 th June 2017 at Hotel Taj Vivanta. Federation of MSME Clusters Officials from APITCO and Federation of MSME Clusters, New Delhi met Sri K.V. Karthik and discussed about the Project on Smart Pumps on 30 th June 2017 at his office. Interaction with Central PF Commissioner Sri K.K. Rajan, President and Sri K V Karthik, Vice President attended an interaction with Dr. V.P. Joy, Central Provident Fund Commissioner, New Delhi on 12 th July 2017 at Regional PF Office, Coimbatore. 83 rd AGM of Indian Chamber Sri V. Krishnakumar, Vice President attended the 83 rd Annual General Meeting of Indian Chamber of Commerce and Industry on 22 nd July 2017 at Chamber Towers. Discussion on Pump Cluster Sri N Vivek, Associate Professor and Smt. B. Uma Maheswari, Co-ordinator, Entrepreneurship Cell, PSG Institute of Management met our Office-bearers on 24 th July 2017 and discussed about submitting a project report to the Government of Tamil Nadu on Engineering Cluster. Office bearers accepted to join with PSGIM

22 Pump Industrial Cluster Ms. B. Poongodi, Assistant Professor, Centre for Marketing, KCT Business School met our Vice President Sri V. Krishnakumar on 25 th July 2017 and discussed about setting-up of a Pump industrial cluster in Coimbatore. We have received a mail from M/s. KCT Business School informing that they have drafted a proposal for the benefit of MSME Pumpset Industrial Cluster in Coimbatore with the support of Entrepreneur Development Institute, Chennai. They also requested us to nominate one of our Officebearers as co-investigator for this joint project. Accordingly, we have nominated our Vice President Sri K.V. Karthik to that project. Inauguration of ECE Association Sri V. Krishnakumar, Vice President inaugurated the ECE Association of PSG College of Technology on 7 th August 2017 at PSG campus. Annual General Meeting of CPC Sri V. Sundarrajan, Managing Committee Member attended the Annual General Meeting of Coimbatore Productivity Council on 10 th August GRD Memorial Speech Competition Sri V. Krishnakumar, Vice President inaugurated the GRD Memorial Speech Competition of 15 th Inter College organized by Old Students Association of PSG College of Technology on 10 th August 2017 at PSG Campus. Independence Day The Independence Day was celebrated at our Association on 15 th August Sri V. Krishnakumar, Vice President hoisted the National Flag. Past President Sri Mahendra Ramdas and few Managing Committee members attended the function. AGM OF TECA Sri K.K. Rajan, President attended the 19 th Annual General Meeting of Tamil Nadu Electricity Consumers Association (TECA) and a speech on Present Power Scenario in India and Future Trends by Shri Ramesh Kymal, Chairman and Managing Director, SIEMENS India on 11 th September 2017 at Taj Vivanta. Diamond Jubilee Celebrations of CPC Sri V Sundararajan, Managing Committee Member attended the Inauguration of Diamond Jubilee Celebrations and Launching of Diploma in Quality Management Course and PGDPM 37 th Convocations of Coimbatore Productivity Council on 11 th September 2017 at Ardra Hall. Workshop on NAPS Office bearers attended a workshop on National Apprenticeship Promotion Scheme (NAPS) organised by Office of Regional Joint Director of Training, Coimbatore on 14 th September 2017 at COINDIA Complex. Dr. N. Subbaiyan, l.a.s., Director of Employment & Training, Chennai, inaugurated the workshop

23 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION AGM of Institute of Engineers Sri V. Krishnakumar, Vice President was the Chief Guest and delivered a special address during the 52 nd Annual General Meeting of Institute of Engineers (India), Coimbatore Chapter on 25 th October 2017 at Conference Hall, PSG CT. Run for Unity Sri K.K. Rajan President, Sri V Lakshminarayanasamy, Past President and Sri V. Sundararajan, Managing Committee Member have participated in a brisk walk for Run for Unity as mark of National Unity Day to commemorate the birth anniversary of Sardar Vallabhbhai Patel on 31 st October 2017 organized by the Commissionerate of GST and Central Excise, Coimbatore. AGM of Si Tarc Office bearers attended the 30 th Annual General Meeting of Si Tarc on 21 st September 2017 at COINDIA Complex. Sri K.K. Rajan, President honored the new Office bearers of Si Tarc. AGM of TANSTIA Sri K.K. Rajan President attended the 51 st Annual General Meeting of TANSTIA on 22 nd September 2017 at TANSTIA, Chennai. AGM of COINDIA Office bearers and Managing Committee Members attended the 13 th Annual General Meeting of COINDIA. Sri K.K. Rajan President honoured the outgoing President Sri Mahendra Ramdas and new Office-bearers on 25 th September Office bearers also attended the first Committee meeting of COINDIA. Press Meet Kongu Global Forum an initiation of Indian Chamber, SIEMA, CODISSIA, TEA, Tiruppur etc - organized a press meet with Shri K Shyam Sundar, Chief Executive Officer, Air India Express on 1 st November 2017, at Chamber. On behalf of SIEMA Sri K.K. Rajan, President attended the press meet. Alchemy of Leadership for Innovation and Sustainability Sri V Krishnakumar, Vice President was the Chief Guest on 6th International Conference on Alchemy of Leadership for Innovation and Sustainability at SMS School of Management, on 17 th February 2018 at Varanasi. Defence Indigenisation Expo Sri K.K. Rajan, President and Sri V. Krishnakumar, Vice President attended the Inauguration of Defence Indigenisation Expo organized by Ministry of Defence, Government of India at CODISSIA Trade Fair Complex on 5 th March Healthcare Sri K.K. Rajan, President and Sri V. Krishnakumar, Sri K V Karthik, Vice Presidents attended the inauguration of Healthcare of C.R.I. Trust on 5 th March 2018 at Saravanampatti, Coimbatore. Chancellor of Karpagam University Sri V. Krishnakumar, Vice-President and also Vice President (Marketing) M/s. Aquasub Engineering who was appointed as the Chancellor of Karpagam University, Coimbatore on 4 th October On behalf of the Managing Committee Members, President honoured Sri V. Krishnakumar and wished him all success in his new endeavor

24 Sri V. Krishnakumar thanked the Committee for honoring on taking over as the Chancellor. He also thanked SIEMA and the management of Aquasub Engineering from where he got support and good exposure. Convocation Sri V Krishnakumar, Chancellor, Karpagam Academy of Higher Education (KAHE) and Dr. Pa. Moorthy, Superintendent of Police, Coimbatore Conferred the Degrees to Students during the 8 th Convocation of Karpagam Academy of Higher Education on 25 th February 2018 at Karpagam Campus. Management Programmes Prof. S. Balasubramanian, Director and Dr. Vandana Madhavakumar, Associate Professor, GRG Centre for Advance Studies met Office bearers and discussed about conducting Management programmes for our members on 26 th March 2018 at our Association. Officials from CII Mr. M. Murali Krishna, Senior Council, Mr. Akshai Koul, Associate Engineer and Mr. Vinoth, Executive CII Green Business Centre met Office bearers on 3 rd April 2018 and discussed about the organising an Awareness Creation cum Knowledge Dissemination Workshop on Financing Energy Efficiency at MSMEs in India (FEEMP) project for MSME units in Coimbatore. Brand Coimbatore Ambassador Award Sri K.K. Rajan, President and Sri V Krishnakumar, Vice President attended the Brand Coimbatore Ambassador Awards jointly organised by Indian Chamber of Commerce and Industry and Coimbatore Advertising Club on 7 th April 2018 at Hotel the Residency. AGM of IPMA Sri K.K. Rajan, President, Sri V Krishnakumar and Sri K V Karthik, Vice Presidents attended the Annual General Meeting of Indian Pump Manufacturers Association (IPMA) on 7 th July 2017 at Pune. Sri Premanad Bhat, Crompton Greaves Ltd., was elected as the President of IPMA for the year and a congratulatory letter was sent to Sri Premanad Bhat and his team of office bearers. Executive Committee Meeting of IPMA Sri V. Krishnakumar, Sri K V Karthik, Vice Presidents and Sri K Ramakrishnan Managing Committee Member attended the Executive Committee Meeting of Indian Pump Manufacturers Association (IPMA) on 20 th April 2018 at Ahmedabad. Sri V. Krishnakumar and Sri K.V Karthik Vice Presidents briefed to the Managing committee members about the deliberations held at Executive Committee meeting of IPMA. Joint Committee Meeting of SIEMA & IPMA The joint Committee Meeting of SIEMA and IPMA, Ahmadabad was held on 6 th December 2017 at Hotel Welcome ITC. Nominations Nomination to Si Tarc On behalf of our Association, we have nominated the following members to the Governing Council of Si Tarc for the years :

25 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Sri K. Mohan Senthil Kumar Sri Mithun Ramdas Sri R. Karthikeyan M/s. Aqua Flow M/s. Mahendra Pumps P Ltd. M/s. Om Murugan Industries Nomination to Coimbatore Productivity Council We have nominated Sri V. Sundarrajan, Managing Committee Member and Managing Director of Sree Ram Engineers to the Governing Body of the Coimbatore Productivity Council for the year Nomination to Chamber We have nominated Sri V Krishnakumar, Vice President to the Governing Council of Indian Chamber of Commerce and Industry Coimbatore for the year Nomination to TANSTIA We have nominated our President Sri K.K. Rajan to the Executive Committee of TANSTIA for the year Nomination of ESIC We have nominated Sri K Mohan Senthil Kumar, Managing Committee Member to the Local Committee of ESIC, Coimbatore. Nomination to Labour Advisory Committee As invited by the Commissioner of Labour, Chennai we have nominated our President Sri K.K. Rajan to the Labour Advisory Committee, Chennai. Representing Associations Sri K.K. Rajan, President, Sri V. Krishnakumar, Vice President and Sri V Sundararajulu attended the following meetings respectively throughout the year. Represented by Sri K.K. Rajan President Sri V Krishnakumar Vice President Sri V. Sundararajan Managing Committee Member Committee Meetings of COINDIA Governing Council Meetings of CII Executive committee Meetings of CODISSIA Governing Body Meetings of PSG STEP Executive Committee Meetings of TANSTIA Governing Council Meetings of Chamber Governing Council Meetings of CPC Felicitations Felicitation at PSG Institutions PSG Institutions organized a felicitation to the Presidents of various Associations who studied in PSG Institutions. Sri K.K. Rajan, President was honored during the function held on 22 nd November 2017 at PSG IM

26 Felicitation We have offered felicitations to Sri S. Kuppusamy, Vice President, PSG Foundries on his election as the National Treasurer, Institute of Indian Foundrymen, Calcutta for the year Felicitation letters to Union Ministers. We have sent felicitation letters to the following Union Ministers on their taking over as the Ministers: Smt. Nirmala Seetharaman Hon ble Minister of Defence Shri Suresh Prabhu Hon ble Minister of Commerce & Industry Shri Piyush Goyal, Hon ble Minister of Railways and Coal Shri Rajkumar Singh Hon ble Minister of State (I/C) for Power and New Renewable Energy CSR Activities Health Awareness Speech on Sleep Hygiene We have organized a health awareness speech on Sleep Hygiene Do s and Do not s for a good sleep snoring and apnea - what everyone should know by Dr. RM. PL Ramanathan, Professor and Director, PSG Institute of Pulmonary Medicine, PSG Hospitals on 11 th July 2017 at our Association World Cancer Day A talk on Healthy Life Style and Cancer Awareness - We can I Can - by Dr. Madulika Vijayakumar, M.B.B.S., M.D., DNB Radiotherapy, PSG Hospitals was organized on 3 rd February 2018 at our Association. MEMBERSHIP AND REPRESENTATION: Our Association holds membership / representation with: 1) All India Electric Motor Manufacturers' Association, Mumbai. 2) BIS - Pumps and Motor Sectional and its sub-committees. 3) Bureau of Energy Efficiency, Ministry of Power, New Delhi 4) DIC - District Advisory Committee and Single Window Concept. 5) Grievance Committee of Tamil Nadu Electricity Board, Coimbatore South and North. 6) Regional Advisory and Public Grievance Committees of Central Excise. 7) Tax Payers Committee of Central Excise. 8) Regional Advisory Committee of Workers' Education. 9) Advisory and Vigilance Committees of Employees State Insurance Corporation. 10) District Level Traders' Welfare Committee. 11) District Level Pollution Control Committee. 12) Si'Tarc Governing Council. 13) Affiliated to Federation of Indian Chambers of Commerce & Industry (FICCI), New Delhi. 14) Affiliated to All India Organization of Employers' (AIOE), New Delhi. 15) Zonal Committee of Coimbatore Confederation of Indian Industry. 16) Governing Council of Indian Chamber of Commerce & Industry. 17) Governing Body of Coimbatore Productivity Council. 18) PSG STEP Governing Body. 19) EEPC India 20) TANSTIA

27 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION The Managing Committee places on record its appreciation to the President and other Office-bearers for their sincere efforts in developing the activities of the Association in many folds during this year for the welfare of the Engineering Industries and organizing various constructive and effective programmes. Our Association has got a very great responsibility to guide members in technical, commercial and manufacturing up-gradation etc., in the light of high competition from outside and inside. We are trying to do more activities for the benefit of our members. We invite our members to join their hands and take active part in the initiatives/activities of SIEMA. Without the support of the members, we wouldn t have achieved the goals. Hence we request the members to attend all the activities of SIEMA. Managing Committee Members - Attendance S. No. Members Name Meetings Eligible Attended 1 Sri K.K. Rajan Sri V Krishnakumar Sri K.V Karthik Sri D Vignesh Sri R. Arun Sri K Ramakrishnan Sri Ma. Sendil Kumar Sri K Mohan Senthil Kumar Sri R Karthikeyan Sri Mithun Ramdass Sri V Sundararajan Sri Sai Krishnan Sri T. Vijay Mohan Sri M Ravi Sri N Mahendran Sri N. Shajahan Sri R. Ravichandran Sri V Dinesh 12 3 CO-OPTION 1 Smt. J Mohansundari Smt. G Krithiha Sri. G Vijaya Rangha Rajan Sri C Muthusami 10 3 Sri U.P. Srinivasalu Sri U.P. Srinivasalu was relieved from the services due to his personal and health conditions from 22 nd February He joined the duty on 23 rd January 1980 during the Presidentship of

28 Sri N Duraisamy. He had cordial relationship with Past Presidents, Office-Bearers, Members, Sister Associations and Press & Media. Sri G. Rajendran, Sri Jayakumar Ramdass Past Presidents and Sri V Krishnakumar remembered the services and the Managing Committee recorded the tireless services rendered by Sri U.P. Srinivasalu for the past 38 years. Managing Committee of SIEMA expresses its sincere thanks to: 1) His Excellency Shri Ram Nath Govind, President of India 2) Hon ble Shri Narendra Modi, Prime Minister of India and his Council of Ministers and Members of Parliament. 3) Hon ble Chief Minister, Shri Edappadi K. Palaniswamy and his Council of Ministers and M.L.A s. 4) The Chief Secretary to Government, Government of Tamil Nadu. 5) The Chairman, GST Council and its members 6) Central GST and Central Excise Commissionerate, Coimbatore and his team of officials 7) The Chief Commissioner and other officials of Income Tax 8) Director of Town & Country Planning, Chennai and Joint Director and Assistant Directors of Coimbatore Local Planning Authority, Coimbatore. 9) The District Collector Sri T.N. Hariharan, I.A.S., and officials of District Industries Centre, Inspector of Factories, Tamil Nadu Electricity Board, Commercial Taxes Department and other State Government departments. 10) The Commissioner of Coimbatore City Municipal Corporation. 11) Officials of BIS, New Delhi, Chennai and Coimbatore. 12) The Director General, Energy Economists and other officials of Bureau of Energy Efficiency, New Delhi 13) Member Secretary, Additional Chief Environmental Engineer, TNPCB, Chennai and Joint Chief Environmental Engineer, District Environmental Engineer and Assistant Engineers, TNPCB, Coimbatore. 14) MSME Development Institute, Coimbatore. 15) President and Members of All India Electric Motor Manufacturers Association, Indian Pump Manufacturers Association, Confederation of Indian Industry, Indian Chamber of Commerce & Industry Coimbatore, Scientific and Industrial Testing And Research Centre, Coimbatore Industrial Infrastructure Association, Coimbatore District Small Scale Industries Association, Institute of Indian Foundrymen, Coimbatore Management Association, Coimbatore Productivity Council, Coimbatore Small Foundry Owners Association, Coimbatore Foundry Owners Association, Tamil Nadu Association of Cottage and Micro Enterprises, Coimbatore Tiruppur District Micro and Cottage Entrepreneurs Association, Tamil Nadu Small and Tiny Industries Association and Agricultural Machinery Manufacturers Association. 16) Dr. R. Subramaniam, Sri S. Murugesan, Dr. C. Murugesan, Sri G. Ranganathan Technical co-ordinators and Technical Committee members. 17) Secretariat of SIEMA 18) Members of Press and Electronic Media for their support and valuable coverage of SIEMA s programmes and News. 19) Members of our Association

29 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Annexure I Activities of Technical Committee during the year Nomination ME 20, BIS Bureau of Indian Standards We have nominated Sri K. V. Karthik, Vice President as the Principal nominee and Sri D. Jayaprakash, Technical Committee Member as an Alternate nominee to the Sectional Committee ME 20 of Bureau of Indian Standards, New Delhi. Nomination to ETD 15 We have nominated Sri. C. Muthusami, Stark Motors as the Principal Nominee and Sri K. Mohan Senthil Kumar, Aqua Flow and Dr. M. Sundaram, PSG College of Technology as Alternate Nominees to the Rotating Machinery Sectional Committee (ETD 15) Bureau of Indian Standards, New Delhi. Winding Wires Sectional Committee Sri R. G. Kesavarajulu, member SIEMA attended the 19 th Meeting of Winding Wires Sectional Committee meeting ET 33 held on 28 th November 2017 at BIS, New Delhi. Pump Sectional Committee Sri K.V. Karthik, Vice President and Sri G. Rajendran, Past President attended the Pumps Sectional Committee MED 20 held on 17 th November 2017 at BIS, New Delhi. Solar PV Powered Pumps Meeting on Solar PV Powered Pumping System The first meeting to finalize a Indian Standard on Solar PV Powered Pumps by Bureau of Indian Standards was held on 21 st February 2018 at our Association. Sri G. Rajendran, Chairman MED 20:5 chaired the meeting. Sri A.K. Mohindroo, Member Secretary, MED 20, BIS, New Delhi and panel members discussed on the proposed draft Indian Standard for Solar PV Powered water pumpsets. The minutes of this meeting received from BIS was discussed in our technical committee meeting. Recent Changes in Pump Standards of BIS Sri G. Rajendran briefed the managing committee about the recent changes in the Indian Standards, ISI and the current status of various pump standards during the meeting held on 20 th January The points presented by Sri G. Rajendran were circulated to all our members. Technical Committee Our technical committee discussed the following subjects 1) Proposed Standard on Solar PV Powered Pumping system. 2) Draft Indian Standard on Code for Hydraulic Performance Acceptance Tests For Centrifugal, Mixed And Axial Flow Pumps Class C (First Revision of IS 9137:1978). 3) Line operated three phase ac motors (IE code) efficiency classes and performance specifications (third revision of IS : 2011)

30 4) Draft IS: Rotating Electrical Machines: Specification for terminal boxes for 3 phase Rotating Electrical Machines. 5) IEC TC 4: Mechanical Vibration Measurement and evaluation of machine vibration Part 5: Machine sets in hydraulic Power generating and pumps storage plants. 6) IEC TC 2: Definitions and nomenclature for carbon brushes, brush-holders, commutators and slip-rings 7) Doc: No. MED 20 - WC Draft Indian Standard on Solar Powered Pumpset Specification. 8) Draft Indian Standard on Technical Requirements for Rotodynamic Special Purpose Pumps (Second Revision of IS 5120:1977). 9) Agenda for 15 th meeting of Pumps Sectional Committee MED 20 Agriculture and Domestic Pump Sub Committee, MED 20:5 & Utility and Industrial Application Pumps Sub Committee, MED 20:6 to be held on 17 th November 2017 at BIS, New Delhi. 10) Minutes of 15 th meeting of Pumps Sectional Committee MED 20 Agriculture and Domestic Pump Sub Committee, MED 20:5 & Utility and Industrial Application Pumps Sub Committee, MED 20:6 held at BIS, New Delhi. 11) Agenda for the Technical Committee Meeting of BEE 12) MED 20 - Submersible Pumpsets Specification (third revision of IS 8034). 13) IEC standards and amendments from the Member Secretary, (ETD 33) Winding Wires Sectional Committee. 14) MED 20 - Draft Indian Standard on Monoset pumps for clear, cold water for agricultural and water supply purposes - Specification (3rd revision of IS 9079). 15) Draft Amendment No. 4 to IS : 1986 Specification for foot valves, reflux valves or non-return valves and bore valves to be used in suction lines of agricultural pumping system (first revision) 16) ETD 15 (11690) Draft IS Code of practice for storage, installation, and maintenance of induction motors (third revision). 17) MED 20 - WC Draft Indian Standard on Solar Powered Pumpset Specifications. 18) Preliminary Draft Pumps Minimum Required Efficiency of Rotodynamic Water Pumps 19) MNRE Specifications on Solar Photovoltaic Water Pumping Systems. 20) Discussion on International Pump Standards 21) IEC ED4: Rotating electrical machines Part 14: Mechanical vibration of certain machines with shaft heights 56 mm and higher Measurement, evaluation and limits of vibration severity. 22) IEC TS ED: Rotating electrical machines Part 16-2: Excitation systems for synchronous machines Models for power system studies. 23) IEC TS ED2 Rotating electrical machines Part 16-3: Excitation systems for synchronous machines Dynamic performance. 24) IEC ED2, Steam turbines - Part 1: Specifications Energy Efficient Induction Motors The Bureau of Indian Standards, New Delhi has made mandatory the Indian Standard IS Energy Efficiency Induction Motors w.e.f. 01/10/2017. A representation was sent to BIS request to postpone the implementation by six months. A similar representation was sent by IPMA on our request. a) Revision We have sent our comments on revision of IS to Sri Rajeev Sharma, Scientist E and Head Electro-technical, Bureau of Indian Standards, New Delhi

31 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION b) Awareness meeting SIEMA jointly with Bureau of Indian Standards, Coimbatore organized an awareness meet to discuss about the Energy Efficient Induction Motors Three phase Squirrel Cage as per IS for the benefit of our members on 19 th September 2017 at Hotel CAG Pride. c) Draft Grouping Guidelines We have sent comments on draft grouping guidelines for IS: to Ms. Alismita Khag, Scientist B, CMD, III, the Bureau of Indian Standards, New Delhi with a copy to BIS, Coimbatore. Submersible Pumpsets IS 8034 A letter was sent to the Director General, Bureau of Indian Standards, New Delhi with regards to recommended of grouping for IS The same has been marked to Central Marks Department (III), BIS, New Delhi. Product Manual BIS A representation was sent to Sri A.K. Mohindroo, Scientist C & Member Secretary MED 20, about Product manual of IS 8034 prepared by BIS, Rajkot office, requested to discuss the subject with Sectional Committee of MED 20: 5 and decide accordingly. The copy of representation was also forwarded to the Director General, DDG, Marks and Director & Head, BIS Coimbatore. Bureau of Energy Efficiency a) Promoting Energy Efficient Agricultural Pumpsets in India Sri V. Krishnakumar, Vice President attended a workshop on Promoting Energy Efficient Agricultural Pumpsets in India organized by TERI on 19 th July 2017 at New Delhi. b) Technical Committee Meeting of BEE A meeting notice was received from Bureau of Energy Efficiency about a Technical Committee for Agricultural Pumpsets Labeling Programme to be held on 30 th November 2017 at New Delhi. The agenda of the meeting was: 1) Finalization on model grouping 2) Upgradation of Star labeled Pumps/Star rating table 3) Consideration of Power factor in Pumping labeling program 4) Consideration of Label Period on Pumps Label 5) Revision of pumps labeling program inline BIS Standards 6) Usage of Metal Label for Pump Labeling Program 7) Mandatory Implementation of Pump labeling program 8) Next steps and Way Forward for the labeling program A special meeting was organized to discuss on the points to be discussed at the meeting. Vice President Sri V. Krishnakumar briefed the members on the issues faced. Many members highlighted the issues felt in BEE star labeling marking. Various points were noted. A communication was received at the last moment about the postponement of this meeting. We sent a representation to BEE highlighting the difficulties faced when meetings are postponed at the last minute. c) Increase in BEE Marking Fee M/s. Bureau of Energy Efficiency, New Delhi has increased the marking fee for pumpsets. In this connection, we sent a representation requesting not to increase the marking fee considering the present scenario of pump industry

32 d) Experts for Pumping (Agricultural) under FLCD Programme Sri V. Krishnakumar, Vice President attended the First meeting of Panel of Experts for Pumping (Agricultural) under Facility for Low Carbon Technology Deployment (FLCTD) Programme organized by BEE, Ministry of Power, Government of India on 27 th March 2018 and 2nd meeting on 18 th April 2018 at New Delhi. Sri V Krishnakumar explained in details to the committee about the outcome of the meeting. Solar PV Powered pumps - MNRE Sri P. Ramesh, Member, Technical Committee attended the Panel meeting on Solar Pumps organized by Ministry of New Renewable Energy, Government of India at New Delhi on 29 th August Sri P. Ramesh, Member, Technical Committee, SIEMA attended the Review meeting on draft testing protocol and benchmarking criterion for Solar Water Pumping Systems held on 17 th April 2018 at New Delhi under the Chairmanship of Joint Secretary, MNRE. Sri K.V Karthik, Vice President briefed to the Managing Committee members about the outcome of the meeting on 21 st April Steering Committee Meetings of PU-MO-CON Sri K.K. Rajan, President and Sri V. Krishnakumar, Sri K V Karthik, Vice Presidents attended the Steering Committee Meetings on various dates to finalize the speakers and technical papers to be presented during the Pu Mo Con - Pump Motor Conference. Centrifugal pump design workshop A one day workshop on Inverse Design of Pumps was conducted by Advanced Design Technology, London, United Kingdom through their Indian Agents M/s. Aetos Design and Engineering P Ltd., Bangalore on 21 st February 2018 at our Association. Mr. Albert Demargne, Business Development Manager, Advanced Design Technology Limited, Mr. Sampath Radhakrishna, Director and Mr. Srinivasu, Manager - Applications Engineering, Aetos Design and Engineering P Ltd., conducted the workshop. Energy Efficiency Improvement in Compressed Air Systems SIEMA jointly with COINDIA organized a technical Seminar on Scope of Energy Efficiency Improvement in Compressed Air Systems by SG Pneumatics P Ltd., on 2 nd February 2018 at our Association. Standards and Certification Challenges faced by Industry SIEMA jointly with EEPC India, Technology Centre, Bangalore organised a Workshop on Standards and Certification Challenges faced by Industry supported by National Accreditation Board for Certification Bodies (NABCB) Sri Ani Jauhri, CEO, Quality Council of India, New Delhi, Ms. Sashi Rekha, Director, NABCB and Ms S. Rajalakshmi, Lead Assessor, NABCB addressed to our members on 16 th March 2018 at our Association. Acknowledgements Committee records its appreciation for the services extended by the Technical Committee Chairman Mr. V. Krishnakumar and Vice President Sri K.V. Karthik. The Committee expresses its special thanks Mr. G. Rajendran Past President for his continued involvement in technical subjects. The committee also thanks the members of the Technical Committee for attending the Technical meetings every week and providing inputs for the benefit of our members. The management of the member units are also thanked for deputing their technical staff for attending the Technical Committee meetings

33 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Annexure II SCIENTIFIC AND INDUSTRIAL TESTING AND RESEARCH CENTRE (Si'Tarc) I. Personnel of Industries trained in various fields from to S.No Areas of Training No. of persons 1 Calibration 62 2 Testing 154 Total 216 II. No. of Users of Si Tarc facilities from to S.No Type of Service No. of Users Revenue in % 1 Testing & Calibration Training & Consultancy Total III. Accreditation and Recognition NABL Accreditation NABL Accreditation certificate has been renewed by NABL for Mechanical, Electrical and Chemical and Biological testing disciplines as per ISO/IEC: valid upto 3 rd November NABL Accreditation certificate has been renewed by NABL for Mechanical, Electrotechnical Calibration and Thermal Calibration laboratories as per ISO/IEC valid upto 10 th December Recognition as SIRO by DSIR Recognition as Scientific and Industrial Research Organisation (SIRO) by Department of Scientific and Industrial Research (DSIR), Govt. of India is renewed upto 31 st March Bureau of Indian Standards (BIS) Recognition Recognition of Si Tarc Testing Laboratory has been renewed by Bureau of Indian Standards for the period of three years, is valid upto Ministry of New and Renewable Energy (MNRE) Recognition Si Tarc has approved by Ministry of New and Renewable Energy (MNRE) for testing of Solar Powered Pumps. IV Income Tax Exemption Approval u/s 80G Si Tarc has approved for u/s 80G(5)(vi) of the Income Tax Act 1961 from by Income Tax Department, Coimbatore

34 Annexure III COIMBATORE INDUSTRIAL INFRASTRUCTURE ASSOCIATION (COINDIA) During the financial year , COINDIA has registered a sales Revenue of Rs.1315 lakhs against the budget of Rs.1261 lakhs, leaving cash profit of Rs.135 lakhs. These were made possible by the team work and through the renewed focus on repositioning COINDIA by way of consolidation of its various efforts besides enhancing the activities in the last couple of financial years. We translate the functional activities of COINDIA on account of its Cluster development initiative in to Operational Data. Select Operational Data for the Financial Year Revenue / Turnover Rs. in Lakhs Share in % CMTR/PDMC Education cum Training Centre Raw Material Bank Business Centre and allied Total % 6.09 % % 7.28 % Appreciation from MSME Ministry COINDIA had received an Appreciation Letter from the Minister of MSME, for the successful establishment and operation of the Energy Management Cell (EMC) at COINDIA Cluster under UNIDO/BEE Project. 15 Units have been benefited by the services of our EMC from its establishment. Appointment at Foundry Development Council COINDIA has been appointed (among 13 members) as a Member of the Council by the Department of MSME, GoTN regarding constitution of Foundry Development Council (FDC) under Department of Industrial Policy and Promotion (DIPP), GoI, to address the issues at state level. For the first council meeting discussion, COINDIA had presented points covering 12 points in connection with the development of foundry fraternity. Cluster Activities Promotion of Energy Efficiency and Renewable Energy at COINDIA Cluster under UNIDO-GEFbee Project, inaugurated in October 2013, in order to improve the productivity and competitiveness of units as well as to reduce overall carbon emissions and improve the local environment. This year marked with more activities related to implementation of pilot projects in the individual units in the Cluster. UNIDO-PMU had identified and suggested the following energy efficient technologies, based on the interaction with the units and subsequent suggestion/recommendation by the cluster. These technologies were reviewed on various parameters and accordingly sanctioned

35 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION for implementation as a demonstration projects for 6 Units in Coimbatore cluster with a possible financial support from UNIDO. They are: Sl.No. Technology Unit Name & Details Cupola Design Modification Biogas Plant for Ladle Pre-Heating Ramakrishna Industries (Unit-I) Mahendra Pumps, Foundry Division 01 Induction Furnace Crucible Lid Ammarun Foundries Induction Furnace Crucible Lid Integra Automation Pvt. Ltd 02 Harmonic Mitigation in Induction Furnace PSG & Sons Charities 03 State of the art energy efficiency compressed air system Veesaa Foundry 04 Core making design modification Bright Foundries Coimbatore Pvt Ltd 05 Fuzzy Logic based coil cooling manager for induction furnace PSG & Sons Charities Apart from the above, COINDIA had also recommended the following additional technologies based on members inputs and recommendations to improve the energy efficiency of the individual units as well as reduction of CO 2 emission. Shifting of Cupola Furnace to Energy Efficient Induction Furnace Switching to Screw Compressors from old reciprocating compressors Sand Reclamation Plant VFDs for Air Compressors Energy Efficient Lighting System (Induction, LED etc) Cooling Towers optimization Auto pouring lines During the period under review, UNIDO & BEE, with its objective to reduce energy consumption level in the MSME units through skill development of local service providers, had appointed M/s. TERI to carry out Capacity Building of Local Service Providers with the following activities with a time-line of 8 months. Development of Cluster specific list of LSPs and their mapping based on demand and supply needs of local industries Organizing workshops and training for LSPs to enhance their present capacity for delivery of better services Facilitating 2-3 LSPs to become local distributor of original EE/RE technology provider Prepare 10 DPS based on cluster needs & replication potential of proposed EE technologies. Accordingly, four workshops were organized for Members, inviting LSPs and 10 DPR s have been made by TERI from the outcome. All the workshops were followed by foundry visits with the participants to study the best practices implemented in the units

36 Achievements under UNIDO Project during the period 1. Around 45 foundry units and pump manufacturing units were benefited through this project detailed project reports were prepared with cost benefit analysis and sent to UNIDO-PMU 3. Energy efficient technologies and energy savings measures has been implemented by the units through the project, resulted in energy savings of kwh per annum and it leads 371 MT of CO 2 emission reduction. 4. Cupola furnace modifications were M/s Ramkrishna industries in the month of Sep 2017 under the pilot project sanctioned through UNIDO PMU, resulted in 31% reduction in ceramic brick replacement, 8% coke consumption reduction and increase the melt rate of the furnace up to 8.3%. Annual cost savings due to this implementation is around Rs 3.0 lakhs. 5. Detailed Energy Audits have been successfully completed through the Energy Management Centre (EMC) in 16 industries. Based on the recommendations, few energy saving measures were implemented in the units. Events/Activities under UNIDO Project during the period 1. A presentation was given on the topic Energy efficiency in TECA technical committee meeting in the month of May Four days intensive training program on Basic Energy audit skills and handling of Energy Audit AIP, NPC, Chennai attended by COINDIA Cluster members. 3. Inhouse work shop with case studies was conducted on the topic Energy Efficiency and Energy Conservation in Foundry Units by the cluster leader at PSG Foundry division, Best pumps and Integra automation. 4. National energy summit was organized by UNIDO PMU on 30 Oct and 01 Nov New Delhi. Cluster leader,president and past president attended the event and on behalf of Coimbatore foundry cluster. COINDIA association president Mr. S. Kuppusamy presented a topic on Developing Capacities of MSMEs on Energy Efficiency. 5. A technical paper was presented by the cluster leader on the topic Case studies on improving energy efficiency at Coimbatore foundry 66th Indian Foundry Congress 2018, Gandhinagar during 10 to 12 Jan National summit - Stakeholders meet was organized by UNIDO PMU on 17 th Mar Indore. President Mr. S. Kuppusamy and past president Mr. N. Visavanathan were attended. Project progress and challenges were presented in the Summit and the following discussions were also held under various themes: Widening and deepening of the project with in the cluster How to promote next level of Energy Efficiency measures in the units How to promote next level of Energy efficiency measures in units Given the critical importance for further improving current energy efficiency levels and a need for deploying more energy conservation technologies and awareness activities, COINDIA requested UNIDO-PMU, during the visit of international and national evaluators for their midterm evaluation of the Project, for the extension of further two years for the benefit of the members of Coimbatore foundry cluster

37 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Summary on Skill Development activities In view of the successful completion of training for 400 candidates in the target time, TNSDC (Tamilnadu Skill Development Corporation) had approved second order to train 1000 candidates in the year 2017 for the total order value of Rs.2.25 crores for COINDIA. In the first batch order, they had sanctioned order for Rs.20 lakhs to train 80 candidates in the trades of Quality Inspector and CNC operators. COINDIA had completed the sanctioned batch within the prescribed period to the satisfaction of TNSDC with 100% placements to the candidates. Further sanction order(second batch) to train 400 candidates is expected shortly. CSR Projects 350 candidates have been trained under Federal Bank CSR Project during the period. All the trained candidates have been placed at our various member industries. The training infrastructure facilities and quality of the training have been inspected periodically by their Agency M/s. SB Global Academy and the reports are up to their satisfaction. Solar Technician course has been initiated for first time in this project. 100 working employees (industrial workers) have been given skill development training in Winder, Coil preparation, CNC Programmer, Setter and Operators under SIDBI-SDS CSR Scheme. MSME-TDC-Coimbatore Centre candidates have been trained in Tool & Design in joint working with MSME-TDC for the value of Rs.2.50 lakhs. Overview of the Operation of segmental Units Tool Room / Product Development & Mould Centre First quarter of this year was with full concentration on completion of export order and had successfully completed and exported in no deviation. Enquiries for further exports have been received and are yet to take off due to negotiation in payment terms. In this year, 50% of the total revenue had been achieved out of Tool orders and this could only be done due to more focus on the tool jobs with designing rather concentrate on mass production of tools & components, as per policy matters. 4 and 5 Axis DMG machines are in optimum level of utilization with recently procured Power Mill CAM software. Received Rs.15 lakhs Tool Project order from Si TARC for their Smart Pump Project. For the internal convenience, Design Department and Admin Department is shifted from first floor to ground floor at CMTR, Kalapatti. By doing so, we have adequate space of around 2000 sq.ft. in addition to the existing vacant area of around 6500 sq.ft at first floor. All the machinery and equipments at Tool Room are around 10 years old. Around Rs.6 lakhs were spent for repairs, maintenance and to upgrade the machineries, during the period. Education Training Centre had trained 385 BE students under joint working arrangements with Engineering Colleges and Institutions

38 Ties-up done, for services with 1. TNSDC (Tamilnadu Skill Development Centre) candidates 2. SB Global Academy under CSR candidates 3. SIDBI-SDS CSR Scheme candidates MoUs with the following University & Colleges, have been entered. 1. NEST Education & Technologies Pvt. Ltd, Chennai 2. Margdarshak Development Projects and Consulting Pvt. Ltd., Lucknow 3. Narasu s Sarathy Institute of Technology, Salem Business Centre & Halls - This centre is continuing its services to the Members and contributed Rs.92 lakhs revenue this year. A small portion of around 600 sq.ft in the first floor of COINDIA Complex has been spared to a Engineering Company by which received additional revenue of Rs.11,500/-. ND Hall in SIEMA Building has been renovated for the value of around Rs.25 lakhs. COINDIA places on record the kind contribution of Rs.7 lakhs from its parent Association M/s. SIEMA. Raw Material Bank is humbly continuing its services to Foundries at very minimum service charges. It contributed a turnover of Rs.904 lakhs. Repairs & Maintenance - Around Rs.17 lakhs were spent towards building repair and machinery maintenance, during the year. Mission To enable our members to compete globally with their products and services Vision To extend support to our member industries to prosper To offer up-to-date technical support to members To train and enable members to meet the global challenges in technology and competitiveness To develop techno-commercial co-operation with international enterprises To promote programmes for enhancing the quality of life of all stake-holders To represent members on common issues with the policy makers

39 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Report on the Financial Statements ACCOUNTS INDEPENDENT AUDITORS REPORT We have audited the accompanying financial statements of The Southern India Engineering Manufacturers Association ( the Company ), which comprise the Balance Sheet as at March 31, 2018, 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 Statements The 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 the companies (Indian Accounting Standards) Rules 2015, as amended. 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

40 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 31 st March, 2018 and its surplus for the year ended on that date. Report on Other Legal and Regulatory Requirements As 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 31 st March 2018 taken record by the board of directors, none of the director s is disqualified as on 31 st March 2018 from being appointed as director in terms of section 164(2) of the Companies Act, 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. iv. The disclosure in the Financial Statements regarding holdings as well as dealings in specified bank notes during the period from November 8, 2016 to December 30, 2016 have not been made since they do not pertain to the financial year ended March 31, However amounts as appearing in the audited Financial Statements for the year ended March 31, 2017 have been disclosed in Part A of Notes Forming Part of Financial Statements. For N.R.DORAISWAMI & CO., Chartered Accountants (Firm Regn. No S) Place : Coimbatore (Sd/-) SUGUNA RAVICHANDRAN Date : Partner (Membership No )

41 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION 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, 2018 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 Controls The 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, 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

42 Meaning of Internal Financial Controls Over Financial Reporting A 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 Reporting Because 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. Opinion In 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 2018, 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. For N.R.DORAISWAMI & CO., Chartered Accountants (Firm Regn. No S) Place : Coimbatore (Sd/-) SUGUNA RAVICHANDRAN Date : Partner (Membership No )

43 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION EQUITY AND LIABILITIES Balance Sheet as at 31 st March, 2018 Particulars Note No Figures as at the end of current Reporting period ` Figures as at the end of Previous Reporting period ` I. Shareholder s Fund a) Share Capital b) Reserves and Surplus-Capital Fund 1 1,00,02,849 9,604,813 c) Money Received Against Share Warrants 2. Share Application Money Pending Allotment Non-Current Liabilities a) Long Term Borrowings - - b) Deferred Tax Liabilities (Net) - - c) Other Long Term Liabilities 2 1,314,703 1,314,703 d) Long Term Provisions Current Liabilities 3 a) Short Term Borrowings - - b) Trade Payables 134, ,677 c) Other Current Liabilities 50, d) Short Term Provisions - - TOTAL 11,502,824 11,064,279 II. ASSETS 1. Non-Current Assets a) Fixed Assets Tangible Assets 4 1,899,470 2,046,093 Intangible Assets 9,000 9,000 b) Deferred Tax Asset (Net) - - c) Non-Current Investments 5 2,500,000 - d) Long Term Loans and Advances 6 186, ,793 e) Other Non-Current Assets Current Assets 7 a) Inventories - b) Trade Receivables 1,074, ,950 c) Cash & Cash Equivalents 4,127,808 5,791,647 d) Short Term Loans & Advances 52, ,910 e) Other Current assets 1,653,404 1,944,886 See accompanying notes to the financial statements. TOTAL 11,502,824 11,064,279 For N.R.DORAISWAMI & CO., Sri Ma. Sendhil Kumar Sri R. Karthikeyan (Sd.) K.K. Rajan (Sd.) SUGUNA RAVICHANDRAN Sri V. Sundarrajan Sri N. Mahendran President Chartered Accountants Sri Mithun Ramdas Sri R. Ravichandran (Sd.) Sri V. Krishnakumar M.No : Sri R. Arun Smt. J. Mohanasundari (Sd.) Sri K.V. Karthik FRN : S Sri C. Muthusami (Sd.) Sri D. Vignesh Place : Coimbatore Management Committee Members Vice-Presidents Date :

44 Income and Expenditure Statement for the year ended 31 St March, 2018 Particulars Note No Figures as at the end of current Reporting period ` Figures as at the end of previous Reporting period ` I. Revenue from Operations 8 4,955,185 4,990,836 II. Other Income 9 423, ,529 III. TOTAL REVENUE 5,378,476 5,440,365 IV. EXPENSES Purchase of Stock-in-Trade - - Operating Expenses , ,037 Changes in inventories of finished Goods, - - Work-in-Progress & Stock-in-Trade Employees Benefits Expenses 11 1,265,402 1,164,063 Finance Cost - - Depreciation & amortization Expense 225, ,004 Other Expenses 12 2,632,146 1,791,410 total EXPENSES 4,980,440 4,084,514 V. Surplus before Exceptional and III-IV 398,036 1,355,851 Extraordinary Items and Tax VI. Exceptional Items - - VII. Surplus before extraordinary items and tax V+VI 398,036 1,355,851 VIII. Extraordinary Items - - IX. Surplus before tax VII+VIII 398,036 1,355,851 X. Tax expense: (1) Prior year tax - - (2) Current tax - - (3) Deferred Tax Asset / Liability - - XI. Profit(Loss) for the period from IX-X 398,036 1,355,851 continuing operations 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) 398,036 1,355,851 XVI. Earning per equity share: (1) Basic - - (2) Diluted - - See accompanying notes to the financial statements. For N.R.DORAISWAMI & CO., Sri Ma. Sendhil Kumar Sri R. Karthikeyan (Sd.) K.K. Rajan (Sd.) SUGUNA RAVICHANDRAN Sri V. Sundarrajan Sri N. Mahendran President Chartered Accountants Sri Mithun Ramdas Sri R. Ravichandran (Sd.) Sri V. Krishnakumar M.No : Sri R. Arun Smt. J. Mohanasundari (Sd.) Sri K.V. Karthik FRN : S Sri C. Muthusami (Sd.) Sri D. Vignesh Place : Coimbatore Management Committee Members Vice-Presidents Date :

45 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION PART - B NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 st MARCH, 2018 DESCRIPTION AS AT ` AS AT ` NOTE 1 - RESERVES & SURPLUS-CAPITAL FUND Capital Fund (Accumulated Surplus) 9,604,813 8,248,962 Add : Net Surplus for the Year 398,036 1,355,851 10,002,849 9,604,813 NOTE 2 - OTHER LONG TERM LIABILITIES Rent Advances (Unsecured) Aeon Systems India Private Limited 234, ,147 Gomovious Impire Private Limited 300, ,000 Heart Associates 84,000 84,000 ICICI Bank Limited 284, ,436 Orbitz Corporate & Leisure Travels 162, ,120 Raghav Industries Limited 250, ,000 1,314,703 1,314,703 NOTE 3 - CURRENT LIABILITIES A) TRADE PAYABLES Liabilities for Expenses - Others 134, , , ,677 B) OTHER CURRENT LIABILITIES Statutory Liabilities 50, , total (A+B) 185, ,

46 Note 4 - FIXED ASSETS S.No. Particulars Cost as on Gross Block Depreciation Net Block Additions Cost as on Upto For the Year Deductions Withdrawn Transfer to Reserve Upto Wdv as on Wdv as on TANGIBLE ASSETS 1 Land 200, , , ,360 2 Building 6,303, ,303,754 4,999,044 30, ,029,048 1,274,706 1,304,710 3 Borewell 213, ,013 86,906 39, ,002 87, ,107 4 Furniture & Fittings 390, , ,690 5, ,752 44,925 49,987 5 Electrical Fittings 334,934 65, , ,324 11, ,604 97,676 43,610 6 Office Equipments 1,288, ,288,178 1,222,862 26, ,249,624 38,554 65,316 7 Library 191, , ,062 3, ,479 23,358 26,775 8 Motor Cycle 58, ,630 11,726 5, ,589 41,041 46,904 9 Audio Equipment 50, ,380 49, ,226 1,154 1, Generator 438, , ,154 71, ,653 10,135 81, Kitchen Equipments 13, ,023 12, , Computer 34, ,995 34, , Cctv Camera 99,480 11, ,050 45,712 20, ,522 44,528 53,768 and Sony TV 14 Ups 35, ,600 14,791 6, ,727 13,873 20,809 Sidbi Siema Facilitation Centre - 1 Library 112,000 1, ,526 99,977 4, ,087 9,439 12,023 2 Furniture 75, ,818 72, ,027 3,791 3,791 3 Office Equipments 312, , , ,608 8,574 8,574 Intangible Assets - - Trade Mark 10, ,000 1, ,000 9,000 9,000 Grand Total 10,163,649 78,442-10,242,091 8,108, , ,33,621 1,908,470 2,055,093 Previous Year 10,001, ,473-10,163,649 7,917, , ,108,556 2,055,093 2,083,624 For N.R.DORAISWAMI & CO. Sri Ma. Sendhil Kumar Sri R. Karthikeyan (Sd.) K.K. Rajan (Sd.) SUGUNA RAVICHANDRAN Sri V. Sundarrajan Sri N. Mahendran President Chartered Accountants Sri Mithun Ramdas Sri R. Ravichandran (Sd.) Sri V. Krishnakumar M.No : Sri R. Arun Smt. J. Mohanasundari (Sd.) Sri K.V. Karthik FRN : S Sri C. Muthusami (Sd.) Sri D. Vignesh Place : Coimbatore Management Committee Members Vice-Presidents Date :

47 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION DESCRIPTION PART - B NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 st MARCH, 2018 (Contd ) AS AT ` AS AT ` NOTE 5 - NON CURRENT INVESTMENT a. Investments In Mutual Funds Aditya Birla Sunlife Savings Fund Growth 300,000 - (Market Value as on ` ) Aditya Birla Sunlife Balanced 95 Fund 500,000 - (Market Value as on ` ) DSP BlackRock Equity & Bond Fund 400,000 - (Market Value as on ` ) HDFC Balanced Fund 500,000 - (Market Value as on ` ) HDFC Equity Saving Fund Growth 300,000 - (Market Value as on ` ) HDFC Prudence Fund Growth 500,000 - (Market Value as on ` ) Aggregate Value of Mutual Fund Cost ` Market Value ` ,500,000 - NOTE 6 - LONG TERM LOANS AND ADVANCES Deposits 186, , , ,793 NOTE 7 - CURRENT ASSETS A) Trade Receivables Outstanding for More than 180 days 599,454 4,580 Outstanding for less than 180 days 474, ,370 B) Cash and Cash Equivalents 1,074, ,950 Cash on Hand 4,805 17,572 Cash with Bank in Current Account 240, ,748 Fixed Deposits with Bank 3,882,360 5,533,327 C) Short Term Loans and advances 4,127,808 5,791,647 Others 52, ,910 D) Other Current Assets 52, ,910 Prepaid Expenses 23,920 10,992 Balance with Statutory Authorities 500, ,063 Income Tax Refund Due 1,128,992 1,395,831 1,653,404 1,944,886 total (A+B+C+D) 6,907,728 8,833,

48 DESCRIPTION NOTE 8 - REVENUE FROM OPERATIONS PART - B NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 st MARCH, 2018 (Contd ) AS AT ` AS AT ` Meeting Receipts 92, ,181 Entrance Fee 16,500 25,500 Membership Subscription 407, ,887 Life Membership Subscription 50,000 - Sale of Member s Directory 47,900 35,200 Rent Receipts 3,711,969 3,472,509 SIEMA Day Sponsorship 42, ,859 SIEMA Magazine Receipts 586, ,700 4,955,185 4,990,836 NOTE 9 - OTHER INCOME Interest Receipts 418, ,779 Miscellaneous Receipts 4,150 - Discount Received 300 2, , ,529 NOTE 10 - OPERATING EXPENSES Meeting Expenses 411, ,534 Technical Committee Activity Expenses 5,486 6,728 SIEMA Magazine Expenses 402, ,034 Subscription Paid 38,198 35, , ,037 NOTE 11 - EMPLOYEES BENEFITS EXPENSES Salary 838, ,058 Ex Gratia 163,238 - Watch and Ward 234, ,600 Staff Welfare Expenses 28,948 30,405 1,265,402 1,164,

49 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION DESCRIPTION PART - B NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 st MARCH, 2018 (Contd ) AS AT ` AS AT ` NOTE 12 - OTHER EXPENSES ADMINISTRATIVE AND OTHER OVERHEADS Advertisement, Subscriptions & Periodicals 18,038 20,379 Postage & Telephone 143, ,009 Printing and Stationery 166,773 84,782 Bank Charges 2,834 3,672 Electricity Charges 92, ,820 Rent Paid 51,181 52,847 Licence and Taxes 293, ,911 Insurance 37,100 - Audit Fees 35,000 61,125 Filing fees 45,943 10,224 Professional Charges 554, ,794 Accounting Charges - 24,000 General Expenses 37,165 15,273 Interest Paid - 1,091 Repairs & Maintenance 294, ,627 Travelling & Vehicle Maintenance 158, ,856 Contribution to COINDIA 700,000-2,632,146 1,791,

50 Details to Income and Expenditure Statement for the year ended 31 st March, 2018 DESCRIPTION AMOUNT in ` INTEREST RECEIPTS City Union Bank Ltd - FD 54,450 13,368 State Bank of India - FD 254, ,061 Tamilnadu Mercantile Bank Limited - FD - 45,863 RBL Bank Ltd. - FD - 101,325 Tamilnadu Electricity Board Deposits 12,038 - Interest on Income Tax Refund for - 43,162 A.Y ,088 - A.Y , , ,779 ADVERTISEMENT INCOME SIEMA Magazine Advertisement 586, ,200 Magazine Subscription - 1, , ,700 LICENSE AND TAXES Fees for NABET Certificate 165,864 - Property Tax 110, ,344 Water Tax 14,745 7,505 Swach Bharat Cess 2, , ,911 PROFESSIONAL CHARGES U.P.Srinivasalu - Consultant Fee 518, ,794 Professional Fee 35, , ,794 GENERAL EXPENSES Pooja Expenses 12,729 11,094 Miscellaneous Expenses 24,460 4,186 Rounded off (23) (7) 37,165 15,273 INTEREST PAID Interest on TDS Interest on Service Tax ,091 POSTAGE AND TELEPHONE Postage (Courier) 90,371 66,211 Telephone Charges 53,552 56, , ,009 TRAVELLING AND VEHICLE MAINTENANCE Vehicle Maintenance 42,072 42,802 Travelling Expenses 116,766 68, , ,856 REPAIRS & MAINTENANCE Office Maintenance 17,433 18,150 Office Equipment Maintenance 31,900 27,410 Electrical Fitting Maintenance 14,728 35,643 Building Maintenance 230, ,063 Genset Maintenance - 14, , ,

51 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION DETAILS OF BALANCE SHEET AS AT 31 st MARCH, DESCRIPTION AMOUNT AMOUNT TRADE PAYABLES LIABILITIES FOR EXPENSES God A/c 116 Audit Fees Payable 35,000 Electricity Charges 85,482 Kongu Masala 525 Renganathan Stationery 1,075 Sri Sabari Industries 1,725 Suganya Engineering Industries 2,253 Sree Annapoorana Sree Gowrishankara 8, ,852 STATUTORY LIABILITIES GST Payable 49,958 TDS Payable ,421 DEPOSITS Electricity Deposit 185,302 Telephone Deposit 1, ,627 TRADE RECEIVABLES Outstanding for More than 180 days a) Membership Fees: Agri Pump Industries, 1150 Applied Automation Systems P Ltd., 1150 Bharat Bright Bars, 2295 Conkorde Industries 1150 Flow Tech Power 2875 General Electric Motors 1150 Kirloskar Brothers Limited, 6325 Majestic Machine Works, 1150 Maxbe Industries, 2875 Micro Matic Engineers, 1150 Shree Vaaru Industries, 1150 Sri Bhagavathi Industries 2875 Vel & SONS 2875 Yesco Flow Control Engineers, ,045 b) Others: Presidium Construction - Rent ,

52 DETAILS OF BALANCE SHEET AS AT 31 st MARCH, 2018 (contd ) DESCRIPTION AMOUNT AMOUNT Outstanding for Less than 180 days Aeon Systems ACCSOL Management Consultations P Ltd 7080 Gomovious Impex (P) Ltd EEPC India - Technology Centre Heart Associates ICICI Bank Ltd Orbitz Corporate & Leisure Travels Raghav Industries Ltd Tamilnadu Electricity Consumer Association ,569 1,074,023 CASH AND CASH EQUIVALENTS Cash on Hand ,805 Cash at Bank State Bank of India CA - ST New State Bank of India , ,448 Fixed Deposits with Bank a) Out of Rent Advances: State Bank of India FD b) Others: State Bank of India FD State Bank of India FD State Bank of India FD City union Bank ,765,421 Add: Accrued Interest on Deposits 116,939 3,882,360 LOANS AND ADVANCES Staff Advances Prakash 37,100 Advance for Expenses COINDIA Queen House Keeping Services ,393 52,493 BALANCE WITH STATUTORY AUTHORITIES Service Tax Advance for Penalty - Appeal 228,159 Service Tax (Interest) 272, ,492 INCOME TAX REFUND DUE Income Tax Refund Due - A.Y ,096 Income Tax Refund Due - A.Y ,672 Income Tax Refund Due - A.Y ,790 Tax Deducted at Source - A.Y ,434 1,128,992 PREPAID EXPENSES Prepaid Mediclaim Policy 15,944 Prepaid Expenses 7,976 23,

53 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION ACTUALS Budget of Income and Expenditure Account for the Financial year EXPENDITURE BUDGET year ended 31/3/2019 ACTUALS INCOME BUDGET year ended 31/3/2019 1,001,958 To Personnel Expenses 950, ,410 By Membership Subscription 410, ,306.. Rates and Taxes (net) 200, Life Membership - 92,966.. Electricity Charges (net) 95, Additional Subscription 220, ,980.. Repairs & Maintenance 150,000 16,500.. Membership Entrance Fee 30,000 28,948.. Staff Welfare 35,000 3,711,969.. Rent Receipts 3,902, ,838.. Travelling & Vehicle Maintenance 90,000 42,510.. Sponsorships 150,000 85,877.. Other Administrative Expenses 90, ,004.. Magazine Receipts 600,000 51,181.. Rent to COINDIA 60,000 47,900.. Sale of Member Directory 40,000 35,000.. Audit Fees 35,000 92,892.. Meeting Receipts 250, ,773.. Printing & Stationery 90, ,841.. Interest on FD accrued & IT REFUND 175, ,922.. Postage & Telephone 120,000 4,450.. Miscellaneous Receipts 10, ,100.. Professional Fees - 402,462.. SIEMA Magazine Exp. 380,000 18,038.. Advertisement & Periodicals 20,000 38,198.. Subscription Paid 35, ,167.. Meeting & Seminar Expenses 450,000 37,165.. Miscellaneous Expenses 25, ,496.. Watch & Ward (net) 250,000.. Contribution for aided Projects 1,500, ,000.. Contribution to COINDIA - 225,065.. Depreciation 191, ,036.. Excess of Income over Expenditure 1,021,191 5,378,476 5,787,496 5,378,476 5,787,496 CAPITAL EXP FOR THE YEAR Building 5,000,000 R & D Expenses for Pumps & Motors 1,500,000 Library 50,000 Total 6,550,000 For N.R.DORAISWAMI & CO. Sri Ma. Sendhil Kumar Sri R. Karthikeyan (Sd.) K.K. Rajan (Sd.) SUGUNA RAVICHANDRAN Sri V. Sundarrajan Sri N. Mahendran President Chartered Accountants Sri Mithun Ramdas Sri R. Ravichandran (Sd.) Sri V. Krishnakumar M.No : Sri R. Arun Smt. J. Mohanasundari (Sd.) Sri K.V. Karthik FRN : S Sri C. Muthusami (Sd.) Sri D. Vignesh Place : Coimbatore Management Committee Members Vice-Presidents Date :

54 NOTES FORMING PART OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 st MARCH 2018 PART - A: Significant Accounting Policies for the year ended 31 st March, 2018 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, 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 Assets Fixed 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. Depreciation a) Depreciation on fixed assets has been provided on useful lives of the Fixed Assets accordance with Schedule II of the Companies Act, 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 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

55 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Leases Leases 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. Taxation The 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. Disclosure Specified Bank Notes (SBNs) During the previous year , the Company had specified bank notes or other denomination notes as defined in the Ministry of Corporate Affairs notification G.S.R 308(E) dated March 31, 2017 on the details of Specified Bank Notes (SBN) held and transacted during the period from November 8, 2016 to December 30, 2016, the denomination wise SBNs and other notes as per the notification is given below. Particulars SBNs* Other Denomination Total Notes Closing cash in hand as on (+) Permitted receipts (Cash drawn from banks) (-) Permitted payments (-) Amount deposited in Banks(old notes deposited into bank) Closing cash in hand as on For the purpose of this clause, the term Specified Bank Notes shall have the meaning provided in the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O 3407(E), dated the 8 th November,

56 Quality Policy We as an industry association, strive to delight our members by enabling them to compete globally with their products and services, by l Extending up-to-date technical support to members to prosper l Training and enabling members to meet the global challenges in technology and competitiveness l Promoting programmes for enhancing the quality of life of all stake-holders l Represent members on common issues with the policy makers. With a commitment to continually improve the Quality Management System

57 THE SOUTHERN INDIA ENGINEERING MANUFACTURERS ASSOCIATION Memorandum on GST handed over to Sri D. Jayakumar, Hon ble Finance Minister on 1 st June 2017 Session on GST organized by The Hindu - Business Line on 9 th June 2017 Session on GST Velvoom jointly organized by SIEMA, Indian Chamber, CODISSIA, and Dina Malar on 10 th June 2017 Meeting with the officials of SFZ Global India - Salalah Free Zone on 12 th June 2017 Session on GST by Dr. Ravindran Pranatharthy, Advocate, Chennai on 24 th June 2018 Session on GST for Pump Industry by Sri CA. Kanagaraj Anthonysamy, Chartered Accountant, Chennai on 26 th June 2017

58 64 th Annual General Meeting on 21 st June 2017 Sri K.K. Rajan, President and Sri V. Krishnakumar, Vice President attended the AGM of IPMA on 7 th July 2017 at Pune AGM of IPMA on 7 th July 2017 at Pune Meeting with the officials of Ernst & Young and APITCO on 21 st June 2017

59 Health awareness speech on Sleep Hygiene - Good sleep, snoring and apnea by Dr. RM.PL. Ramanathan, Professor & Director, PSG Institute of Pulmonary Medicine, PSG Hospitals on 11 th July 2017 Technical Committee Meeting on 12 th July 2017 A program on Lean Six Sigma Green Belt held from July 2017 Jointly organized by Anna University Regional Campus, Coimbatore EDI and SIEMA SIEMA jointly with EEPC India, Chennai organized an interactive session on Business & Export Opportunities to CZECH Republic on 2 nd August 2017 at our Association Sri V. Krishnakumar, Vice President inaugurated the ECE Association in PSG College of Technology on 7 th August 2017 at PSG Campus Sri V. Krishnakumar, Vice President inaugurated the GRD Memorial Speech Competition on 15 th Inter College organized by Old Students, Association of PSG College of Technology on at PSG Campus

60 An interaction on GST with Sri S. Jaikumar, Advocate and Country Head, Swamy Associates on 10 th August 2017 at COINDIA Auditorium The 71 st Independence Day was Celebrated at our Association on 15 th August 2017 Meeting with the officials of SIDBI held on 5 th September 2017 SIEMA Day Celebrations held on

61 Inauguration of Renovated ND Hall held on President Sri K.K. Rajan and Sri Mahendra Ramdass, President, COINDIA presenting memento to Smt. Vanitha Mohan on th Annual General Meeting of Coindia on Ayutha Pooja performed at our Association on Session on Post GST Issues and Returns by Sri S. Jaikumar, Country Head, Swamy Associates on at our Association Sri V. Krishnakumar, Vice President addressing the 52 nd AGM of Institute of Engineers (India), Coimbatore Chapter on 25 th October 2017 President Sri. K.K. Rajan and Managing Committee member Sri V. Sundararajan participated in the Run for Unity as a mark of National Unity Day to commemorate the birth anniversary of Sardar Vallabhbhai Patel on 31 st October 2018

62 President honoring Shri K. Shyam Sundar, CEO, Air India Express during their visit to Coimbatore on Press meet with Shri K. Shyam Sundar, CEO, Air India Express organized by Kongu Global Forum on Launching of GovReports GST APP on Core Committee meeting - History of Coimbatore Pump Industry held at Indian Chamber on Session on GST an Overview by GovReports on Programme on Recent Amendments on Contract, Labour, Minimum Wages and PF Acts held on Joint Committee meeting of SIEMA and IPMA members on 6 th December 2017 at Hotel ITC Welcome

63 Pu-Mo-Con Conference on and Pumps, Motors and Systems held on 7 th December 2017 at Hotel Le Meridien Session on Business and Export opportunities for Engineering Products through MCE MOSTRA, Italy and IESS VII on 13 th December 2017 Mr. Vishal Dev, GM, Foundation for MSME Clusters, New Delhi met Office bearers on 13 th December 2017 Meeting with the officials of Quality Council of India on 15 th December 2017 Awareness programme on Digital Literacy Campaign SIDBI Schemes / Mitra Portals held on 22 nd December 2017 An awareness programme on Intellectual Property Rights on 29 th December 2017 at our Association Sri K.V. Karthik Vice President and Technical Committee members had an I-Tech Conference with the members of IPMA on 22 nd December 2017

64 An Interaction with Sri Sivagnanam, Additional Industrial Advisor, MSME Chennai on 8 th January 2018 Sri R. Somasundaram Past President releasing the new SIEMA brochure and Sri G. Rajendran, Past President receiving it on 20 th January 2018 Awareness Session on Zero Defect Zero Effect jointly with Accsol Management Service on 10 th January 2018 R&D Meet on Development of Smart Industrial Valves at our Association Coimbatore Vizha celebration on 5 th January 2018 at VOC Park Ground, Coimbatore 69 th Republic Celebration on 26 th January 2018 Seminar on Scope of Energy Efficiency Improvement in Compressed Air Systems on 2 nd February 2018

65 Talk on Healthy Life Style & Cancer Awareness We can I Can by Dr. Madulika Vijayakumar, MBBS, M.D, DNB Radiotherapy, PSG Hospitals on 3 rd February rd Governing Council Meeting of Si Tarc Smart Pump Project on 16 th February 2018 Si Tarc 8 th Convocation of Karpagam Academy of Higher Education on 25 th Feb Meet on Tamil Nadu State Start-up Policy Frame Work organized by EDII TN on 16 th February 2018 at our Association First meeting of Panel on Solar Power Pumpsets MED 20 held on 21 st February 2018 at our Association One Day Workshop on Inverse Design of Pumps by Ms. Aetos Design, Bengaluru on 21 st February 2018 at our Association CEO Session by Mr. Albert Demargne, Business Development Manager, Advanced Design Technology Limited, UK. on 21 st February 2018 Sri V. Krishnakumar receiving the Best Manager Award for the year organized by CMA on 21 st February 2018 at Radisson Blue, Coimbatore

66 Awareness Programme on Lean Manufacturing by Dr. S. Jaisankar, Lean Consultant KCT Business School held on 28 th February 2018 Session on Digital Marketing on 24 th February 2018 at KCT Campus Workshop on Standards and Certification changes faced by Industry jointly organized by SIEMA and EEPC India TC Bangalore supported by NABCB on 16 th March 2018 Discussion on Raw Material Price Hike on 22 nd March 2018 Seminar on Business & Export Opportunities of Engineering Products through SUBCON, UK & Automechanika, Dubai on 19 th April 2018 at our Association Mr. M. Murali Krishna, Senior Council, Mr. Akshai Koul, Associate Engineer and Mr. Vinoth, Executive CII Green Business Centre met Office Bearers on 3 rd April 2018 A Workshop on E WAY bill by Sri. T. Ezhilarasan, Certified GST Practitioner, supported by AXN Tally held on 23 rd April 2018

67 Meeting with Smt. Nirmala Sitaraman, Hon ble Union Minister of State for Commerce and Industry on 22 nd June 2017 in Coimbatore Meeting with Chairman, Coir Board during his visit to Coimbatore on 22 nd June 2017 President Sri K.K. Rajan honoring Shri Suresh Prabhu, Hon ble Minister for Railways during Interaction on GST on 3 rd July 2017 at Chamber Session on GST and awareness Interaction with Shri Jayanth Sinha, Hon ble Union Minster of State for Civil Aviation, on 11 th July 2017 Sri K.K. Rajan, President and Office Bearers of Agricultural Machinery Manufacturers Association (AMMA) met Smt. Nirmala Sitaraman, Hon ble Union Minister of State for Commerce and Industry, Government of India during their visit to an exhibition on Asian India Event held in Bangkok, Thailand on 3 rd August 2017 Sri K.K. Rajan, President honouring Mr. Robert G Burgess, US Consul General, Chennai on 26 th April 2018 Sri V. Krishnakumar, Vice President honoring Sri Pon. Radhakrishnan, Hon ble Minister of State for Finance, Government of India on 22 nd January 2018

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