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Company Information

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E-LAND APPAREL LTD.

20 December 2024 | 12:00

Industry >> Textiles - Weaving

Select Another Company

ISIN No INE311H01018 BSE Code / NSE Code 532820 / ELAND Book Value (Rs.) -103.88 Face Value 10.00
Bookclosure 26/09/2019 52Week High 16 EPS 0.00 P/E 0.00
Market Cap. 63.97 Cr. 52Week Low 7 P/BV / Div Yield (%) -0.13 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Mudra Group

The Mudra Group started operations in 1986. We have facilities for manufacture of fabrics and garments, processing, design development, sampling etc. The Mudra group is promoted by Mr. Murarilal B Agrawal, Mr. Ravindra B Agarwal, and Mr. Vishwambharlal K Bhoot.

The Company

Our Company was incorporated as Bombay Fine Fabrics Private Limited on March 31, 1997. Subsequently name of the company was changed to Mudra Textiles Private Limited w.e.f. October 10, 2001. On December 1, 2005 our Company was converted into a public limited company. Name of the company was further changed to Mudra Lifestyle Limited w.e.f. December 2, 2005. In October 2004, with a view to consolidate business of our Group, East Coast Polytex, a Partnership Firm in the Group engaged in the business of weaving and two other Partnership Firms viz Mudra Exports (India) and Mudra Impex engaged in the business of Garmenting were taken over by our company. Further w.e.f April 01, 2005 Picanova Fabrics Private Limited, Mudra Synthetics Private Limited and Venus Processors Private Limited were amalgamated with our Company.

Consolidation of Our Business

The Mudra Group started its operations in 1986. Subsequently, other companies were incorporated and partnership firms were formed within the Group to carry on various aspects of the business like manufacture of fabric, sale of fabric in domestic and overseas markets and manufacture and sale of garments. The following table gives a summary of our Group:

Sr.
No.   Name                             Date of Incorporation/formation      Nature of Business

1       Olive Tex Silk Mills              December 23, 1986                 Manufacture of Fabrics
2       East Coast Polytex              February 28, 1993                    Manufacture of Fabrics
3       Mudra Exports (India)          April 04, 1997                           Manufacture of Garments 
                                                                                                       & Fabrics
4       Mudra Synthetics Pvt Ltd   September 24, 1997                 Manufacture of Fabrics
5       Mudra Lifestyle Limited       March 31, 1997                        Manufacture of Fabrics
6       Picanova Fabrics Pvt Ltd   April 23, 1998                           Manufacture of Fabrics
7       Olive Silk Mills Pvt Ltd        March 15, 2000                        Manufacture of Fabrics
8       Venus Processors P Ltd     April 30, 1992*                          Processing, Dyeing, And 
                                                                                                      Printing.
9       Mudra Impex                      April 3, 2001                              Manufacture of Garments 
                                                                                                      & Fabrics
10     Western India (Impex)        August 18, 2001                        Export of Fabrics
* Venus Processors Private Limited was bought by our promoters on January 29, 2001

Key Events in the History of the Mudra Group

Year Key Events

1986 The Group commenced the business of woven fabric 1993 East Coast Polytex was formed to start manufacturing facilities for woven fabric at Daman 1997 .. Mudra Exports (India) was formed to export woven fabric and garment. .. Mudra Lifestyle Limited was incorporated for undertaking business of woven fabrics. .. Mudra Synthetics Private Limited was incorporated for undertaking business of woven fabrics at Sonale in Thane District. 1998 Picanova Fabrics Private Limited was incorporated for undertaking business of woven fabrics at Sonale in Thane District. 2001 .. Mudra Impex was formed to start manufacturing facilities for garment at Daman and export the same. .. Acquisition of Venus Processors Private Limited engaged in Processing, printing and dyeing. 2004 .. Takeover of partnership firms by Mudra Lifestyle Limited .. Start of Garmenting Unit at Bangalore. 2005 Awarded contract to Gherzi Eastern Limited for technical appraisal of the Expansion Project 2006 .. Consolidation of group companies .. Company sales cross Rs. 100 Crores

2007

-The Company has received an order of Rs.25 Cr. (Approximately) from ELBECO INC, U.S.A. for supply of one million garments per year.

-Mudra Lifestyle received an Export Order worth Rs 150 Million & Domestic Order worth Rs 200 Million.

2008

-The company recommended dividend of 10% on Equity Shares for the year.

-The Company appointed Dr. G P Nair as an additional Director (Independent Director) of the Company.

2009

-Recommended divided of Rs 0.60 Per Equity Share having face value of Rs 10/- each.

2010

-The Company recommended dividend of Rs. 0.60 per equity shares i.e. @ 6%.

-The appointment of Mr. Shin, Eung Kyun, as an Additional Director of the Company.

2011

-Appointment of Mr. Yoo, Yang Weon as the Managing Director of the Company.

2012

-Approval of the CDR Package and Issuance of LOA.

2014 -Mr. Kyoung Hur has been appointed as the Additional Independent Director on the Board of Directors of the Company. -Mudra Lifestyle Ltd has approved to change the name of the Company from "Mudra Lifestyle Ltd." to "E Land Apparel Ltd." 2015 -The Company's Registered office of the Company has been shifted within the local limits of same city to Office No. 404, 4th Floor, Western Edge - I, Western Express Highway, Magathane, Borivali East, Mumbai - 400066.