| Asia Pack Limited was incorporated as a Private Limited Company on the 23rd April 1985 and converted into a Public Limited Company, by passing a Special Resolution in the Extra-Ordinary General Meeting held on the 8th June 1987. The change in name was effected from the 12th August 1987
by the Registrar of Companies, Rajasthan, at Jaipur.
The Company is presently engaged in the manufacturing of PP/HDPE woven fabric/sacks and merchant export activities. The existing manufacturing facilities are situated at H-34 to 39, RIICO Industrial Area, Udyog Vihar, Sukher, Udaipur. The Unit was set up with an installed capacity of 575 MT per annum for manufacturing of PP/HDPE woven fabric/sacks
in 1987. The Unit was financed by way of Equity Capital of Rs. 11.70 lacs, Term Loan of Rs 52.16 lacs from RIICO (including Seed Capital Loan Rs. 9.50 lacs) and Rs. 29.10 lacs from RFC (Rajasthan Financial Corporation) and State Subsidy of Rs. 13.70 lacs. The Company commenced commercial activities in 1987-88.
RIICO, the Lead Institution, together with RFC rescheduled the repayment of term loan granted to the Company by extending the last date for repayment by two years. The reschedulement was granted in view of the mandatory Jute Order 1987, due to which higher incidence of exise duty and scarcity of raw materials had affected the working of the
woven sack industries.
PRESENT ACTIVITIES.
The Company is an established supplier of PP/HDPE woven fabric/ sacks. Its main domestic customers are the Cement Units located in the States of Rajasthan and Madhya Pradesh. The Company has exported PP woven sacks through a Merchant Exporter. The Company has commenced merchant
exports activity from the year 1992-93.
2009
--Registered Office of the Company has been shifted from 3rd Floor, Kriti Plaza, Panchwati, Udaipur - Rajasthan - 313001.to 3rd Floor, Miraj House, Panchwati, Udaipur - Rajasthan - 313001
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