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Goodrich is established under the laws of New York State in 1912 and is headquartered in Charlotte, North Carolina. The Company’s common stock is registered and listed on the New York Stock Exchange under the ticker “GR”. The Company is a leading supplier of systems, components and services to the general and commercial aviation markets. The Company also supplies products and systems to the global space and defense markets. Goodrich’s facilities including manufacturing, sales and service is located across the world including Australia, Canada, England, China, France, Germany, Indonesia, India, Northern Ireland, Mexico, Japan, Poland, Singapore, the United Arab Emirates and Scotland.

Goodrich’s services and products are primarily sold in North America, Europe and Asia. The Company markets its product directly though internal sales force and marketing team. The Company employed nearly 15,600 people in the US and nearly 7,800 people in rest of the world as of December 31, 2006.

Goodrich’s direct sales to the US government form the major portion and accounted for 15% of total net sales. This, however, declined from 18% in 2005 and 20% in 2005. The Company’s general and commercial aviation customers include Airbus, The Boeing Company and a number of regional airplane manufacturers. Airbus is one of the largest customers of the Company and accounted for 17% of its direct net sales during 2006, up from 16% in 2005 and 2004. Direct net sales to Boeing accounted for 16% of the Company’s total net sales in previous three years.

The Company has divested several of its non core businesses including the Engineered Industrial Products business in May 2002, the Avionics segment in March 2003, the Passenger Restraints Systems business in 2003 and the JCAir Inc. business, in April 2005.

Till 2006, the Company has organized itself into three business units: Airframe Systems, Electronic Systems and Engine Systems. The Company has restructured its business segments with effect from January 2007. Under the plan the Company has renamed two of its three segments. The new business segments are going to be - Actuation and Landing Systems, Nacelles and Interior Systems, and Electronic Systems.

Financial Performance. The Company’s worldwide net sales increased 8.9% to $5,878 million in 2006 from $5,396 million in 2005. Goddrich’s operating earnings increased 21.0% to $645 million in 2006 from $533 million in 2005. The Company’s operating margin improved to 10.9% in 2006 from 9.9% in 2005. The Company’s net income increased 83.3% to $482 million in 2006 from $263 million in 2005. Goodrich’s net income margin also increased to 8.2% in 2006 from 4.9% in 2005.

Engine Systems
Engine Systems business manufactures products related to aircraft engines, these includes cowlings and components, delivery systems for fuel, and rotating and structural components. Engine Systems includes:

• Aerostructures: Manufactures nacelle systems, such as pylons, and thrust reversers and associated engine housing component.
• Engine control systems: Offers fuel metering controls, afterburner fuel pump, metering unit nozzles and fuel pumping systems; Electronic control hardware and software, engine health monitoring systems and geometry actuation controls.
• Turbomachinery products: Manufactures rotating assemblies such as thermal and metallic barrier coatings for industrial gas turbine engine and aircraft engines.
• Turbine fuel technologies: Offers fuel nozzles, manifolds and valves, and injectors for industrial gas turbine engine and aerospace engines.

Airframe Systems
Airframe Systems business offers components and systems related to aircraft taxi, take off, flight control, stopping and landing, and airframe maintenance. Airframe Systems business includes:

• Actuation systems: Offers actuators for flight control systems which operate ailerons and rudders, elevators, as well as slats and flaps; and systems controlling steering systems for missiles.
• Landing gear: Designs and manufactures landing gear systems for military and commercial aircrafts.
• Aircraft wheels and brakes: Offers brake and wheel systems to OEMs as well as serves the aftermarket for these products.
• Aviation technical services: Offers maintenance of heavy airframe, component overhaul and repair, aircraft painting, certification and engineering services.
• Engineered polymer products: Offers acoustic materials, marine composite structures and fireproof composites.

Electronic Systems
Electronic Systems business manufactures a broad array of components and systems which facilitates flight control and management, flight performance measurements and safety data. Electronic Systems business includes:

• Optical and space systems: Offers surveillance, reconnaissance and intelligence systems as well as electro-optical defense, commercial and scientific applications; and builds and designs engineered optics, electronics and shortwave infrared cameras.
• Sensor systems: Offers a number of sensors for military and commercial aircrafts used in measurement of inertia, mass flow and altitude, position, speed, liquid level, and temperature
• Power systems: Offers constant and variable frequency DC and AC electrical generating systems
• Aircraft interior products
• Fuel and utility systems
• De-Icing and specialty systems
• Lighting systems

Official Website : http://www.goodrich.com

AMETEK, Inc. (AMETEK) provides electromechanical devices and electronic instruments. It has operations in Europe, Asia, South America and North America. AMETEK has two operating segments through it markets it’s various products worldwide. The two segments are EIG (Electronic Instruments Group) and EMG (Electromechanical Group). EIG provides monitoring, testing, display and calibration devices for aerospace, process, power and industrial markets. EMG supplies electromechanical devices. The EMG offers engineered electromechanical devices and connectors for various hermetic applications, various specialty metals, and air-moving motors (brushless), heat exchangers and blowers.

AMETEK was incorporated in 1930, in Delaware. The company has listed on New York Stock Exchange under the ticker “AME”. Net sales of the company were $1,819,290 thousands in 2006 as compared to $1,434,457 thousands in 2005. In 2006, Net income was $181,934 thousands as compared to $136,357 in 2005.

AMETEK has acquired CAMECA SAS, in August 2007. It provides analysis systems for high-end element that used in laboratory research, nanotechnology applications and semiconductor. In June 2007, AMETEK has completed the acquisition of the Hamilton Precision Metals, Inc. It produces specialty metals. AMETEK also has acquired two aerospace businesses, in June 2007, that serve jet, various regional jet, helicopter markets. In April 2007, AMETEK has completed the acquisition of Seacon Phoenix, which provides undersea interconnect electrical subsystems to international submarine market. AMETEK also acquired SCR (Halmar Robicon silicon controlled rectifier) and related products and Systems technology for Power Control of “Siemens Energy & Automation”, in April 2007. In February 2006, the Company acquired Pulsar (Pulsar Technologies, Inc.) from “Hyde Park Capital Advisors, LLC”. In May 2006, AMETEK acquired Pittman (PennEngineering Motion Technologies), which is a part of Penn Engineering & Manufacturing Corp. In November 2006, AMETEK acquired Precitech. It manufactures machining systems (ultra-precision) for various markets, such as nanotechnology, defense, ophthalmic and military. AMETEK SAI acquired Southern Aeroparts, Inc. in December 2006. It is a Tulsa, Oklahoma based company that provides maintenance to third-party, overhaul and repair services to aerospace industry.

The company has following business segments:

EIG
EIG consists of various differentiated businesses. This segment applies specialized technology and market focus to manufacture various instruments that used for various testing, calibration and monitoring for the aerospace, industrial, process, and the power markets. It serves various specialized markets such as engine sensors for aerospace, instrument panels for heavy-vehicle, analytical instrumentation, measurement products for various level, pressure gauges and power instruments. The segment also has various joint ventures in Japan, Taiwan and China. EIG has about 40 manufacturing units: 27 in United States, 1 in South America, 11 in Europe, and 1 in Canada. In Mexico, EIG also shares its manufacturing unit with EMG.

About 64% of sales of EIG are coming from various instruments for analytical and process measurement and analysis. This includes moisture, combustion, liquid and oxygen analyzers, spectrometers, and transmitters, emission monitors, and electronic and mechanical pressure sensors, devices for radiation measurement; devices for level measurement; pumping systems, materials testing and force-measurement instrumentation. EIG focused on process industries, such as oil, petrochemical and gas refining, special gas production, power generation, waste and water treatment, distribution of natural gas, and various semiconductor manufacturing.

AMETEK designs, manufactures and services instruments for atomic spectroscopic that used in analyzing various elemental composition in liquids and solids. The company provides these services through SPECTRO (SPECTRO Beteiligungs GmbH), which is a holding company and a subsidiary of SPECTRO Analytical Instruments GmbH & Co. KG. Solartron ISA (acquired by AMETEK) manufactures and designs devices for flow measurement, for gas and oil industry. Precitech (acquired by AMETEK) manufactures and designs ultra-precise, multi-axis and single-point machining systems for diamond turning those applications requires nanometric accuracy.

The Company’s Solartron Group has three businesses that are, Solartron Analytical, Solartron ISA and Solartron Metrology. Solartron Analytical offers measurement instruments for analytics and various softwares for materials characterization. Solartron Metrology produces analog and digital gauging probes, various displacement transducers, and associated instrumentation that used to measure form and size of fabricated or machined parts. The Solartron ISA produces devices for flow measurement, for gas and oil industry.

EMG
The EMG served in various specialized markets such as engineered motors, heat exchangers, fans, blowers, connectors and various other electromechanical systems or products for military and commercial aerospace applications, medical equipment, defense, computers and business machines and various other industrial and power applications. EMG has about 31 manufacturing units, 21 in United States, 3 in United Kingdom, 2 in Italy, 2 in Mexico, 1 in China, 1 in Brazil, 1 in Czech Republic.

The EMG segment businesses include microelectronics and interconnect packaging businesses, systems businesses and technical motors businesses. AMETEK also provide specialized strip, wire, metal powder, and the bonded products. The company manufactures nickel clad and stainless steel alloys, cobalt, stainless steel, and various others alloy powders, electronic wire, metal strip, and metal matrix components used in thermal management. EMGs products utilize in appliance, telecommunications, and automotive, general and marine industrial applications.

EMG is also in specialty motor and floor care markets. EMG offers motor-blowers components for various products in floor care.

Official Website : http://www.ametek.com

Gardner Denver, Inc. (“Gardner Denver”) manufactures, markets and designs vacuum and compressor products and various other products for fluid transfer. The Company in addition manufactures highly engineered blowers and air compressors for various industrial applications. The Stationary type air compressors are widely used in process and manufacturing applications and handling materials, and various power air equipment and tools. Blowers are widely used in wastewater aeration, pneumatic conveying, and vacuum systems engineering.

The Gardner Denver also offers compressors and pumps for OEM (original equipment manufacturer) applications including gasoline vapor, medical equipment, refrigeration recovery, packaging, printing, and equipments of laboratory. Apart from these products the Company also manufactures, markets, designs, and services to various adverse groups of jetting systems for water, pumps, and related market parts, which are used in well drilling for natural gas and oil, production and servicing and in several industrial maintenance and cleaning. Gardner Denver also produces loading arms, couplers, valves, swivel joints, protection of fall and access equipment that used to unload and load ships, rail cars and tank trucks.

The manufacturing of petroleum and industrial equipment of the Company was begun in year 1859. In 1859 Robert W. Gardner reengineered governor of fly ball to provide control of speed, for various steam engines. After that Gardner Company started to expand its products such as air compressors that have vertical high-speed and steam pumps. In 1927, two companies were merged namely Gardner Company and Denver Rock Drill. The Denver Rock Drill was a producer of various equipments for mining, oil wells and construction and after the merger it became Gardner-Denver Company.

The Cooper Industries, Inc (Cooper) acquired Gardner-Denver Company in year 1979 and Gardner-Denver Company, worked as unincorporated divisions. The two divisions that are Air Compressor and Petroleum Equipment of Gardner-Denver were merged into Division (Gardner-Denver Industrial Machinery Division), in 1985. In 1985, the company purchased OPI pump and it added to Division. Cooper acquired DuroFlow and Sutorbilt blower lines and Joy compressor product line, in 1987; these were also added to the Division. In 1993, Cooper transferred all liabilities and assets of Division to the Company that became Cooper’s fully owned subsidiary. In 1994 company became an independent company.

The company’s shares were traded on New York Stock Exchange under the ticker of GDI. In 2006, the revenues of company were about $1.7 billion.

Since 1994, after becoming an independent company Gardner Denver has acquired following 20 companies.

• Gardner Denver has acquired NORAMPTCO, Inc. in 1996, that renamed as Gardner Denver Holdings Inc
• The Company has acquired the TCM Investments, Inc. in 1996, a Tulsa Oklahoma based company.
• The Company has acquired the Oy Tamrotor Ab (“Tamrotor”), in 1997.
• The Company acquired Champion (Champion Pneumatic Machinery Company, Inc) In January 1998.
• The Company purchased Geoquip (Geological Equipment Corporation) in 1998.
• The Company acquired Wittig Division of Wittig (Mannesmann Demag AG) in 1998.
• The Company has acquired Allen-Stuart (Allen-Stuart Equipment Company, Inc.) in 1999.
• The Company also acquired Butterworth Jetting Systems, Inc., in April 1999.
• The Company has acquired Air-Relief (Air-Relief, Inc) in October 1999.
• The Company has acquired Invincible (Invincible Airflow Systems, Co) in 2000.
• The Company has acquired JSA (Jetting Systems & Accessories, Inc) in April 2000 and CRS (CRSPower Flow, Inc) in July 2000.
• In 2001, the Company has acquired Hamworthy Belliss & Morcom (“Belliss &Morcom”).
• The Company has also acquired Hoffman (Hoffman Air and Filtration Systems) in 2001.
• The Gardner Denver has acquired Chaparral Machine & Manufacturing, Inc, in August 2003.
• The Gardner Denver has acquired Syltone plc (“Syltone”), in January 2004.
• The Gardner Denver has acquired Nash Elmo that had headquartered inTrumbull, in September 2004.
• In June 2005, The Gardner Denver has acquired Bottarini (Bottarini S.p.A.)
• In July 2005, The Gardner Denver has acquired Thomas.
• In January 2006, The Gardner Denver has completed acquisition of Todo.

Compressor and Vacuum Products Segment

Compressor and Vacuum products segment, designs, markets, manufactures, and services reciprocating, rotary screw, centrifugal air compressors and sliding vane, centrifugal, positive displacement and channel blowers, single-piece piston, liquid ring pumps, reciprocating, diaphragm, vacuum pumps and linear compressor that used in engineered systems and OEM applications. Gardner Denver also manufactures, designs, services and markets complementary ancillary components or products, such as access platforms, gearboxes and axles, and power take-offs.

Fluid Transfer Products Segment

Gardner Denver manufactures, markets, services and designs various pumps and the water jetting systems and aftermarket parts that used in well drilling of natural gas and oil, production and servicing and in cleaning and maintenance of industries. Fluid Transfer Products Segment also manufactures markets, services and designs, several other components for fluid transfer and various equipments for petroleum, food and chemical industries.

Official Website : http://www.gardnerdenver.com

Eaton Corporation (Eaton), is a industrial manufacturer that, designs, manufactures, servicing and marketing of electrical components and systems for power distribution, control and quality; fluid power services for aircraft, industrial and mobile equipment; train systems (truck drive) for fuel economy and safety, and air management in automotive engine, solutions for power train and various specialty controls and services for fuel economy, performance and safety. Eaton has four business segments: Fluid Power, Electrical, Automotive and Truck. The Eaton sells its various products in approximately 125 countries.

Eaton was formed in 1916, in Ohio. New Jersey Company was incorporated in 1911 and Eaton was incorporated as successor to the company. Eaton has listed on New York Stock Exchange under the ticker “ETN “. Net sales of the company were $12.370 billion in 2006 and increase of 12% as compared to $11.02 billion in 2005. In 2006 Gross profit was $3.32 billion and increase of 8% as compared to 3.08 billion in 2005.

In 2007, Eaton sold out its Mirror Controls Division to Englefield LLP. In October 2007, Eaton acquired all assets of the Babco Electric Group.

In June 2007, Eaton has acquired Pulizzi Engineering. It is a producer of AC (alternate current) power distribution, redundant power, sequencing of AC power, and power management for remote-reboot. In May 2007, the company acquired, SMC Electrical Products, Inc.’s technology and technology related assets. Eaton acquired the fuel components division of Saturn Electronics & Engineering, Inc, in May 2007. In April 2007, Eaton acquired the Aphel Technologies Limited. Eaton has acquired AT Holdings Corporation, in March 2007. It is a parent company of Argo-Tech Corporation. The company has completed the acquisition of remaining 50% shares in Schreder-Hazemeyer, in December 2006. Schreder-Hazemeyer is a Belgium based company that manufactures medium and low voltage electrical switchgear. Eaton acquired processing technology for diesel fuel and related shares of Catalytica Energy Systems Inc., in October 2006.

In September 2006, Eaton acquired Senyuan International Holdings Limited. It is China-based Company that manufactures switchgear components and breakers for vacuum circuit. In September 2006, the company has acquired Ronningen-Petter, which was a business segment of Dover Resources, Inc. Eaton acquired Synflex, which was a business segment of ‘Saint-Gobain Performance Plastics Corporation’, in March 2006. The company acquired the ‘Marina Power Lighting’, in March 2006. It produces electrical products for marine duty.

Electrical
Electrical segment produces medium and low voltage power control and distribution products; various circuit breakers, a range of components and assemblies used in distribution and management of the electricity to utility, industrial, light commercial, OEM (original equipment manufacturing) and residential markets. Eaton also produces various operator interface software and hardware for machines interfacing, and various other products for motor control used in protection and control of distribution systems for electrical power; various AC and DC (direct current) UPS (uninterruptible power systems) and software for power management, services for turnkey integration, remote monitoring, and engineering services for control systems and electrical power.

The markets of Electrical segment include industrial, residential and non-residential construction, government, institutional, commercial, and customers of telecommunications. Electrical segment operates globally. But the main customers are in North America, Asia/Pacific and Europe.

Fluid Power
Fluid Power segment produces several variety of hose, adapters, couplings, fittings, and various connectors for fluid power; hydraulic pumps, valves, motors, cylinders, , tube connectors, power steering parts, fittings, transmissions and transaxles; hydraulic and electronic controls; electric drives and motors; fluid evaluation and filtration products, and the services; industrial equipment products; brakes and clutches for machines, precision extruded and molded plastic products and components and golf grips. Eaton also produces aerospace systems and products, including electro hydraulic and hydraulic pumps, and several system packages, electromechanical and hydraulic actuators, slat systems and flap, wheel steering products, cockpit controls, load and power management systems, monitoring products, sensors, integrated panels and displays, relays, illuminated displays, valves, pneumatic systems and sealing for commercial aircraft or regional jets, aircraft engines products, cabin de-icing and air systems, fuel systems, fuel systems for airframe, hydraulic systems, electromechanical actuation, power and hydraulic generation, air ducting, and fluid distribution products for hydraulics, air and fuel.

The markets of Fluid Power segment include OEMs and aftermarket customers for construction vehicles, agricultural vehicles, aircraft, and stationary and industrial equipment.

Truck
Truck segment produces light duty, medium and mechanical transmissions for agriculture; medium and heavy duty automated type transmissions; medium and heavy duty clutches, and various products, such as shafts and gears, transfer boxes, rotors, gearshift mechanisms, diagnostic equipment and product for collision warning and commercial vehicles. The markets of Truck segment are OEMs and various aftermarket customers or clients of passenger cars and trucks.

Automotive
Automotive segment produces engine valves, components for valve actuation, components for engine control; valve train and management systems for fuel to increase fuel emissions and economy; superchargers, cylinder heads, turbo compounding; hydrogen and air management machines for fuel products; locking differentials and limited slip; traction modification electrical devices; performance and the racing differentials; gear forgings; control clutches and services for mirror actuators, mobile refrigeration and actuators for power folding, and other transmission controls. Eaton also offers recovery systems for on-board vapor; senders at fuel level; recirculation valves of exhaust gas for engines; turbocharger waste controls, and the intake of control valves.

The markets of Truck segments are OEMs and the aftermarket customers and clients of passenger cars and trucks.

Official Website : http://www.eaton.com

Danaher Corporation provides design, manufacture, service and the marketing of medical, industrial, consumer and professional products. Danaher Corporation has four business segments such as Professional Instrumentation, Industrial Technologies, Medical Technologies and the Tools and Components.

Danaher Corporation’s (originally DMG, Inc) genesis was started in 1969 when Massachusetts (real estate investment trust) was formed. The company was reorganized in 1978 as Florida Corporation and became a subsidiary of DMI (Diversified Mortgage Investors, Inc). In 1980, it again reorganized and became subsidiary of DMG, Inc, which is a holding company. In 1984 Danaher got the name and in 1986, reincorporated as Delaware Corporation.

In December 2006, Danaher Corporation acquired Vision Systems Limited, and Sybron Dental Specialties and other 9 companies that manufactures and assembles environmental instrumentation, industrial products and medical equipment, in various markets of diagnostics for critical-care, electronic test, water quality, controls and sensors and product identification. Danaher Corporation has acquired ChemTreat, Inc. in July 2007. It provides solutions for water treatment in various industries. The company sold out power quality segment in July 2007, to Thomas & Betts Corporation.

The Danaher Corporation has listed in NYSE under the ticker ‘DHR’. The segment sales were increased 12% in 2006 as compared to 2005. The Operating profits for company’s various segments were 21.5% in 2006 as compared to 20.7% in 2005.

Following are business segments of the company:

Professional Instrumentation
This segment provides various services and products to technical and professional customers. Professional Instrumentation segment has two business units that are environmental and the electronic test. In 2006, this segment reported sales of 47% in United States, 30% in Europe, 14% in Asia and 9% in various other regions.

The environmental unit has two principle markets that are water quality, and the retail or commercial petroleum. Water quality services offer various analytical instruments and related various other consumables and several associated services, which measure and detect chemical, microbiological and physical parameters in wastewater, groundwater, drinking water and the pure water. The unit also provides UV disinfection systems. The products of water quality units have various brands name, including HACH, HACH ULTRA ANALYTICS, TROJAN TECHNOLOGIES and DR. LANGE.

Electronic test unit designs, manufactures, markets various professional compact test tools and calibration equipment or component for electrical, electronic, calibration and industrial applications. Test products and components measure voltage, resistance, current, power quality, pressure, temperature, air quality and frequency. Users of products include electricians, electrical engineers, electronic technicians, maintenance professionals in industries and medical technicians. Apart from these products Fluke Networks business (acquired by company) provides hardware and software products that used for testing, analysis and monitoring of wide and local area networks and copper and fiber infrastructure of networks. The products of electronic test unit have various brands name, such as FLUKE, VISUAL NETWORKS, FLUKE NETWORKS, FLUKE BIOMEDICAL and RAYTEK.

Medical Technologies
This segment provides various services and products to doctors, dentists, hospital and various scientific professionals that use these products to enhance their professional skills. In 2006 sales of this segment is 34% in United States, 42% in Europe, 16% in Asia and 8% in other regions. Medical technologies segment has three business units that are dental products, life sciences instrumentation and critical care diagnostics.

Dental products unit designs, manufactures, markets various dental products, such as electric and air hand pieces, digital imaging, treatment units and other magnification and visualization systems, bonding, restorative and impression materials; orthodontic systems and brackets, systems for endodontic and consumables, and products for infection-control. The products of dental products units are marketed under various brands such as KAVO, GENDEX, DEXIS, ORMCO, PELTON & CRANE, TOTAL CARE and KERR.

Critical care diagnostics unit produces various instruments that are Sold and marketed under RADIOMETER brand. These instruments are utilized in measuring gases in blood and related parameters in critical-care.

Life sciences produces laser and optical scanning microscopes, stereo and surgical microscopes, automated instruments for specimen preparation and various related reagents, diagnostic tests in pathology, such as cancer diagnostics. These products are marketed under VISION BIOSYSTEMS and LEICA brands.

Industrial Technologies
This segment produces sub-systems and products that are incorporated by systems integrators and customers into packaging and production lines and by OEMs (original equipment manufacturers) into several end systems and products. Unit also offers support services to products that include helping customers to service and install the products. In 2006, this segment encompassed 2 business units, product identification and motion, and 3 niche businesses that are aerospace & defense, power quality and sensors and controls. In 2006 Sales of this segment, were 52% in United States, 33% in Europe, 10% in Asia, and 5% in other regions.

Tools & Components
In 2006, Tools & Components business segment encompassed 1business that is mechanics’ hand tools and 4 niche businesses that are Delta Consolidated Industries, Jacobs Chuck Manufacturing Company, Hennessy Industries, and Jacobs Vehicle Systems. In 2006 Sales of this segment, were 86% in United States, 3% in Europe, 6% in Asia, and 5% in other regions.

Mechanics’ hand tools unit has several other companies that are operating business as DTG (Danaher Tool Group) and Matco (Matco Tools). DTG produces mechanics’ hand tools for general purpose. Matco distributes and manufactures professional tools, automotive equipment and toolboxes.

Official Website : http://www.danaher.com/

Cummins Inc. (Cummins) is an international power company that designs, manufactures, services and distributes natural gas and diesel engines, systems that generates electric power and component products related to engine, including emissions and filtration solutions, air handling and controls systems and fuel systems. Cummins has four business operating segments such as Engine, Components, Power Generation, and Distribution.

The company was incorporated in 1919 and has headquartered in the Columbus, Indiana. The company has listed on New York Stock Exchange under the ticker of “CMI “. In 2006 Net sales of the company were 11,362 million as compared to 9,918 million in 2005.

Cummins has acquired remaining shares in Tata Holset Limited (from Tata Group of Companies), in February 2007. It was renamed as Cummins Turbo Technologies. Cummins deals in various markets worldwide and have various joint ventures and relationship with several manufacturers such as PACCAR Inc., DaimlerChrysler, International Truck and Engine Corporation, CNH Global N.V, Volvo AB, Tata Motors Ltd., Volkswagen, Ford, Komatsu etc.

Engine Segment
Engine segment produces natural gas and diesel-powered engines for truck, bus, light automotive, agricultural, recreational vehicle, mining, marine, construction, gas and oil and equipment markets for government. Company produces various products that have Displacement to 91 liters and the horsepower from 31 to 3,500. Apart from these products company also provides new services and parts and also remanufactured engines and parts. This segment is largest segment of the company and in 2006 segment has reported 55% of total sales.

Cummins manufactures various diesel engines ranging from 310 horsepower to 600 horsepower Cummins produces ISX and ISM engines. The company manufactures various products of diesel engines for medium-duty that ranging from 200 hp to 400 hp helping customers of delivery truck worldwide. Cummins sells ISC and ISB engines and its components to truck manufacturers and dealers in Europe, South America and Asia. The company also produces ISB, ISL and ISC diesel engines, its fueled counterparts, for transit buses, shuttle buses and school buses worldwide.

Cummins’ heavy-duty, high-horsepower and mid-range engines that provide power to various equipments in agricultural, mining, construction, rail, government, gas and oil, power generation, recreational and commercial marine applications. The company has various OEM customers in Europe, North America, South Korea, China and Japan. The company’s engines are marketed to commercial and recreational boat builders, in Europe, Asia and North America. Cummins produces various products of high-horsepower and high performance engines for applications in mining.

Power Generation Segment
In 2006 this segment has represented 18% of total sales. Power Generation segment provides power generation components, services and systems for customer to fulfill needs for generation power, standby power, and auxiliary power in various applications in specialty mobile.

The products of power generation segment are marketed under Onan and Cummins Power Generation brands, and also include alternative-fuel and diesel electrical generator for institutional, consumer and commercial applications, including office buildings, factories, municipalities, hospitals, utilities, universities, boats, homes and RVs. Cummins also offers auxiliary generator for RVs, recreational marine and commercial vehicles applications. Cummins rental business offers power equipment for prime and standby power purposes, on rental basis.

CGT (Cummins Generating Technologies) operates in various alternator industry. It supplies products internally and to various other generator assemblers.

Components Segment
Cummins’ Components segment produces exhaust and filtration systems for highway heavy-duty components. It also provides filtration products and components for passenger car and industrial applications, small engine exhaust systems equipment and gas turbines silencing systems. Apart from these products, Cummins operates emission solutions unit, to develop exhaust systems and after treatment. In 2006, sales of Components segment were approximately 17% of total sales.

Cummins produces more than 30,000 products, like air coolant, hydraulic and fuel filters, coolant additives and antifreeze, catalysts, controllers, particulate filters, and various other filtration products to OEMs, distributors and markets for end-user. Cummins Turbo Technologies Ltd is a Cummins’ fully owned subsidiary that designs, manufactures, markets turbochargers used in light-duty diesel and commercial applications.

Distribution Segment
In 2006, sales of Distribution segment were 10% of total sales of the company. Cummins offers service and parts to its various customers, and service solutions, such as maintenance contracts, integrated products and engineering services. Cummins’ distributors are in various key markets, such as India, China, Australia, Japan, United Kingdom, South Africa and Middle East. Cummins distributors develop and serve dealers, primarily OEM dealers, by providing, tools, training, technical support, product information and parts.

The Company have network such as partially owned dealer and distributors, in North America. Internationally, Cummins have network including partially owned as well as fully owned distributors. With the help of these network Cummins offers service and parts to customers.

Cummins have various competitors such as Caterpillar, Inc., Mack Trucks, Inc., Volvo, DaimlerChrysler, Generac, Kohler, Emerson Electric Co., Meccalte, Marathon Electric, Donaldson Company, Inc., Mann and Hummel Group, Clarcor Inc., Tokyo Roki Co., Ltd., Bosch, Tenneco, Honeywell International and Borg-Warner.

Official Website : http://www.cumminspower.com/

Actuant Corporation is a company, which is into manufacturing of range of industrial products and various systems and their distribution. The company has its head quarter in Butler at Wisconsin. It was incorporated in 1910. The two broad strategies of company are to promote branded tools and position/motion control. The company has divided its entire business into two groups namely Engineered Solutions and Tools & Supplies. The company has lot of products which are number one in market and they cater to 80% of total sales.

The company’s net sales reached $1.2 billion which is 23% more than that of net sales registered in year 2005 i.e. $976 million. Net sales increased by $176 million from acquisitions, while actual sales increase was 9% compared to previous year.

The company during fiscal year 2006 acquired BEP (B.E.P. Marine Ltd.), Precision (Precision Sure-Lock), Ricci (D.L. Ricci), and Actown (Actown-Electrocoil, Incorporate). These companies formed the part of Speciality Electrical, Industrial Tools, Joint integrity and Professional Electrical business segment respectively.

The company during fiscal year 2005 acquired following companies:-

• Yvel (Yvel S.A.)
• KCI (Key Components, Incorporate)
• Sperry (A.W.Sperry Instruments, Incorporate)
• HydratightSweeney (Hydratight Sweeney Ltd)
• Hedley Purvis (Hedley Purvis Holdings Ltd)

One out of six KCI frims and Yvel formed part of Truck Actuation segment of business while three out of six KCI companies formed part of other engineered solutions segment. Sperry was taken as part of North American Electrical segment. Hydratight Sweeney and HedleyPurvis formed part of Joint Integrity business segment. While balance two segment of KCI became part of Professional and Specialty Electrical segments.

The company has primarily two business segments namely Tools & Supplies Group and Engineered Solutions Group. Find below description of two business segments.

Tools & Supplies Group:

Industrial Tools

It provides hydraulic tools and various supplies used in industries like oil & gas, industrial, automation market and construction. The company designs, produces and sells tools under brand names of PrecisionSure-Lock, Enerpac and Actuant China Hydraulic. The following are four industrial tools:

Hydraulic tools. The segment produces high-force tools which operate at high pressure of approximately 5,000 to 12,000 pounds per sq inch. These tools have application in mining, construction, steel mill, railway, cement, oil and gas, and general purpose maintenance companies.

Workholding. These products hold parts in particular position while metal cutting which machining is conducted. These products are sold through distributors to various automotive, fixture and machine tool markets.

Customized / Integrated solutions. This segment of company builds customized solution to construction companies or to OEMs. The company works in close collaboration with client to build the product which is specific to customer and industry.

Tensioning products. Precision Sure-Lock business of the company manufactures products which include one-time tool, chucks & wedges, jacks and anchors etc.

Official Website : http://www.actuant.com

Watson Wyatt Worldwide, Inc. (Watson Wyatt) is a global consulting firm that provides employee benefits, technology solutions, human capital strategies and financial and insurance services.

The Company has been in market since 1946. In 1958 B.E. Wyatt and seven other co-founders formed The Wyatt Company in Delaware. In 1995 merger of two companies that are Wyatt Company and a UK based company R Watson & Sons incorporated Watson Wyatt Worldwide. It is a public company and its share was traded on New York Stock Exchange under the ticker “WW “. The company has about 96 offices in 30 countries and has more than 6,600 associates worldwide.

The company has acquired several businesses worldwide some of them are as following.

• Watson Wyatt Netherlands – In 2007 the company acquired Watson Wyatt Brans & Co. (Watson Wyatt Netherlands), its partner in Netherlands.
• Watson Wyatt LLP – In 2005 the company acquired the WWLLP business. Both companies had jointly provided several services since 1995.
• Dr. Dr. Heissmann GmbH – In 2007 company acquired all stocks of Dr. Dr. Heissmann GmbH. It is a Germany based actuarial and human resources consulting firm that also have various subsidiaries in Austria, France, Ireland and Netherlands.
• WisdomNet – In July 2007 company acquired WisdomNet. It is a Denver based consulting and talent management solution firm.

The company has following segments.

Benefits Group

The Benefits Group provides consulting solutions in retirement, group and various healthcare solutions to customers. In fiscal year 2007 the Benefits Group reported approximately 59 % of total revenue. The Company provides various retirements and integrated consulting services for employers.
The Company helps customer on the design, financing, strategy, delivery, ongoing planning, communication, and management of welfare and health programs. The company provides services to various multinational companies.

Technology and Administrations Solutions (TAS) Group

TAS Group helps to customer in organizations optimization through human resources solutions and its benefit services. The Company offers administration solutions for retirement, benefits administration for health & welfare, administration for compensation, online communication, benefits portals and call center support. The company also provides administration, outsourcing, consulting and various technology services. In 2007, the TAS Group reported approximately 12% of the total revenues.

Human Capital Group

The Human Capital Group assists clients to make and implement various strategies for retaining, attracting, and motivating its employees. This Group focuses in five key areas: strategic reward, executive compensation, sales management and rewards, data services and organization effectiveness. In 2007, the Human Capital Group reported approximately 12% of total revenues.

Investment Consulting Group

The Investment Consulting Group assists to sponsors of pension plan and other clients of institutional investment that helps him to fulfill their investment goals. It provides various services like asset and liability modeling, asset allocation studies, investment policy development, governance, investment policy implementation, analysis of investment structure, and monitoring. In fiscal year 2007, the Investment Consulting Group reported approximately 9% of total revenues.

Insurance and Financial Services Group

The Insurance & Financial Services groups provide consulting advises to insurance companies and various other financial institutions on financial and strategic issues. The group provides various services such as business strategy for development that includes market studies and several business strategy designs, advice on various issues of financial management, such as value and risk management, statutory reporting, asset liability modeling, embedded value and various market valuations.
The company provides following services.

Communication

Watson Wyatt provides innovative, forward-thinking, award-winning communication solutions to the customers by deriving best out of investment in people, systems and programs. The company uses experts from global network in change management initiatives, communication that is web-based and techniques used in traditional communication.

Compensation

The Company helps its clients to assist in aligning performance based pay plans across organization to enhance value. Its compensation expert helps executives and BOD (Board of Directors) on compensation programs, which include cash and stock, linked incentives. The company also through its global Total Rewards approach assists in mixing non-monetary and monetary rewards and hence provides right pay to relevant people and thus help in alignment of company goals.

Data Services - This service is provided by WWDS (Watson Wyatt Data Services), which is a fully owned subsidiary of WWW (Watson Wyatt Worldwide). The company seeks various data, conducts analysis and publishes on-line survey reports.

Government Consulting - Government Consulting Services provide specialized services to fulfill the customer’s requirements. It combines the human capital practices from private sector with deep experience of government sector to meet customer’s unique needs.

Group Benefits and Health Care - Watson Wyatt is a leader in group benefits and health care segment. It provides consulting, advises to various clients on design, strategy, financing, communication, health management and welfare programs.

Human Capital / Organization Effectiveness - The company provides various human capital consulting solutions including Organization Measurement, HR Transformation, Talent Management and Compensation Benchmarking.

Insurance & Financial Services - Watson Wyatt provides independent and valuable actuarial advice on various aspects of general insurance and life assurance.

Official Website : http://www.watsonwyatt.com

Robert Half International Inc. is a global provider of specialized professional staffing and various risk consulting solutions with above 400 offices network worldwide. The company has various divisions such as Accountemps, Office Team, Robert Half Finance & Accounting, Robert Half Technology, Robert Half Legal, Robert Half Management Resources, Protiviti and The Creative Group.

The Company’s Accountemps, Robert Half Management Resources and Robert Half Finance & Accounting divisions, provides project professionals at temporary and full-time basis in the areas of finance and accounting. Office Team division provides skilled administrative support employee at temporary basis. Robert Half Technology offers professionals in the area of information technology. Company’s Robert Half Legal division provides contract, full-time and project staffing solutions of attorneys and various support employees within corporate legal departments and law firms. Company’s The Creative Group division offers project staffing in various fields like advertising, Web design and marketing. Protiviti Inc. (Protiviti) division offers risk consulting services and various internal audit solutions in business and technology. Protiviti is an accounting firm, which is a completely owned subsidiary of Robert Half International.

Robert Half International Inc was founded in 1948. Before 1986 the company was a franchisor under Accountemps and Robert Half. The company is one of the members of S&P 500 index. The company’s shares were traded on New York Stock Exchange under the ticker “RHI “. The Net service revenue of the company in year 2006 was $4.01billion as compared to $3.34billion in 2005. The net income per share was $2.83 billion in year 2006 as compared to $2.37 billion in 2005.

Accountemps

The Accountemps provides temporary services that helps customers to manage high work loads or uneven work presser for accounting, finance and tax employees that caused by various events like vacations, month-end activities, tax work and various special projects and various unpredictable events like illness and sudden emergencies. The Accountemps paid salary to employees of Accountemps, which are basically temporary workers, and worked on various customer assignments. The company gets the fixed rate payment at hourly basis by the customer. Accountemps customers fulfill its needs of professional employees through Accountrmemps services on trial basis and if customer desired regular positions, it can convert the temporary position to regular. Such conversions required one time fee, paid by client.

OfficeTeam

OfficeTeam division provides administrative and office personnel at temporary or full-time basis including word processors employees to various office managers. Operations and working of OfficeTeam is very similar to the Accountemps division and Robert Half Finance & Accounting divisions. This division was started in 1991.

Robert Half Finance & Accounting

The company’s Robert Half Finance & Accounting section provides the placement services for full-time accounting, tax, and banking and financial personnel. The company gets its payment by the employer after successful placements. The Company never charged any fee to candidates for placement.

Robert Half Technology

The company’s Robert Half Technology division provides contract consultants specialized in information technology and providing full-time personnel in various fields like multiple platform integration systems to end-user. The company also offers placement services to various employees in areas of programming, systems integration, networking, help desk support and database design.

Robert Half Legal

The Company provides placement services to full-time and temporary employees in paralegal, attorney, legal administrative services and legal secretarial by Robert Half Legal division. The requirements of the legal profession are very similar to the Accountemps division.

Robert Half Management Resources.

The company’s Robert Half Management Resources division provides project professionals at senior level in the finance and accounting fields such as financial officers, senior financial analysts and controllers. This division provides highly qualified professionals to fulfill the task such as conversions of financial systems, reengineering in the area of business process, expansion of business into new markets, and financial consolidation after merger.

The Creative Group

Robert Half International’s The Creative Group division helps clients in various fields of advertising, Web design and marketing. The Creative Group provides professional project consultants in various positions, like creative directors, developers of Web content, graphics designers, Web designers, and specialists in public relations and media buyers.

Protiviti

Protiviti offers risk-consulting services in the area of internal audit and various business and technology. If clients are facing technology and operational related risk within organization or even in systems, Protiviti helps and assists client to manage, identify and measure the risk. It provides various technologies, skills and consulting services for risk management in business and transformation of audit functions within company. Protiviti has approximately 55 offices all aver the world. Protiviti was started in May 2006 and has more than 13,400 full time employees. In 2006 company placed about 242,000 temporary employees.

Official Website : http://www.roberthalf.com

Mueller Industries, Inc. (Mueller) is a global manufacturer and provider of copper, plastic, brass, and aluminum products. These products include copper and brass alloy rod, copper tube and fittings, bar and shapes; aluminum and copper impact extrusions; aluminum and brass forgings, plastic fittings and valves; fabricated tubular products and refrigeration valves and fittings. The Company also in the area of reselling imported brass and various plastic plumbing valves, , steel nipples, malleable iron fittings, faucets and plumbing products.

Mueller has its operations in the United States, and in Mexico, Great Britain, Canada and China. The businesses of the Company are operated in two segments. One is, the Plumbing & Refrigeration segment and the second is, the Original Equipment Manufacturers (OEM) segment. The Plumbing & Refrigeration segment again has three divisions such as SPD (Standard Products Division), Mexican Operations division and European Operations division. The Original Equipment Manufacturers segment has two divisions such as IPD (Industrial Products Division) and EPD (Engineered Products Division). In 2007 company acquired a Michigan based company, Extruded Metals, Inc. (Extruded).

The company was incorporated in October 1990. In 2002, the company sold out its subsidiary Utah Railway Company. The companies share was traded on New York Stock Exchange under the ticker “MLI”.
The consolidated net sales of the company were $2.5 billion in 2006 which is 45% higher than that of $1.7 billion net sales in financial year 2005. The increase has been attributed to high raw material costs and contribution from acquiring businesses in 2005.

The Company has following two businesses segments

Plumbing & Refrigeration Segment

Mueller’s Plumbing & Refrigeration segment includes various divisions such as SPD, that manufactures various copper tubes, in various sizes ranging from 0.125 inches to 8 inches in diameter, and which is used in various coils and straight lengths. Apart from this, Mueller provides a range of water tube in coils and straight lengths used for commercial and domestic plumbing applications in several types of projects. SPD also provides plastic and copper fittings and various other related components and products for plumbing and various heating industry that are used in heating systems, water distribution systems, air conditioning, drainage, waste, refrigeration applications and vent systems. This segment also provides steel pipe nipples and resells plastic and brass plumbing valves, faucets, malleable iron fittings and other plumbing products to plumbing distributors, wholesalers, recreational vehicle industries and recreational vehicle industries. This segment markets its product through own distributions and sales throughout US and in Mexico, Europe and Canada. Products are also marketed and sold by various agents.

In August 2005, Company acquired all stock of KX Company Limited (Brassware). It is an England based distributor and manufacturer of residential heating and plumbing products. In August 2004 Company also acquired Vemco Brasscapri Limited (Vemco). It is also an England based company which provides plumbing products. In 2007 the Vemco and Brassware were combines under the brand name of Mueller Primaflow.

The Company competes with several companies, domestic competitor are Cerro Flow Products, Inc., Wolverine Tube, Inc., Cambridge-Lee Industries (Reading Tube Corporation), Howell Metal Company, NIBCO, Inc, Elkhart Products Company, and Charlotte Pipe & Foundry and several other foreign competitors.

OEM Segment

The Company’s OEM segment includes IPD, which is primarily into manufacturing nonferrous forgings, brass rods and impact extrusions. These are sold mostly to OEMs, which are catering to refrigeration, plumbing, automotive and fluid power industries. They also supply to other manufacturers and distributors. The Company produces bronze, brass and copper alloys of sizes ranging from diameter of 0.375 inches to 4 inches from its Michigan mill in Port Huron. These alloys have application in areas where there is requirement of mach inability of high degree, good resistance to wear & corrosion and also in electricity conductivity. The company also manufactures aluminum and brass forgings. These are used in various types of products, which include automotive components, industrial machinery, brass fittings, valve bodies, computer hardware, and gear blanks.

The company also serves industries like military ordinance, automotive, general manufacturing and aerospace industries through its copper extrusions and cold formed aluminum. In addition, the company also manufactures formed and shaped tube, which is manufactured with high tolerances, for appliances, baseboard heating and medical instruments. This segment of IPD also includes the EPD. It fabricates and manufactures custom OEM products and valves for air-conditioning and refrigeration applications. Both EPD and IPD sell to OEM customers directly.

The main competitors of the company are Chase Industries, Inc and Cerro Metal Products Company, Inc.

The company’s standard products are copper tube, line sets, steel pipe, ABS & PVC DWV fittings, copper fittings, fittings for pressure plastic, drain and sewer fittings, nipples and metallic fittings, valves and faucets and specialties.

The company’s industrial division has products which include brass rod, forgings, refrigeration / Air conditioning and Impact.

Official Website : http://www.muellerindustries.com