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ISIN No
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INE179C01010
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BSE Code / NSE Code
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514472 / FILAMENT
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Book Value (Rs.)
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-7.67
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Face Value
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10.00
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Bookclosure
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22/08/2008
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52Week High
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5
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EPS
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0.00
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P/E
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0.00
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Market Cap.
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0.42 Cr.
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52Week Low
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1
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P/BV / Div Yield (%)
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-0.11 / 0.00
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Market Lot
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1.00
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Security Type
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Other
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The company history sections lists out major chronological events that happened to the company.
| The company was incorporated as a Limited company in June 1990 by Shri Krishna Gopal Bajoria and Shri Sree Gopal Bajoria for taking over the assets of an Industrial Unit, situated at F-453, RIICO Industrial Area, Bhiwadi - 301019, Dist. Alwar, Rajasthan on sale by auction from RIICO in July, 1990 at a price of Rs. 58.0 lacs. After revamping of the unit the company started commercial production from 1.1.1991. The installed capacity at that time was only 198 MT p.a. Once the production streamlined the management of the company had decided to increase its production capacity.
In the year 1993 the company successfully implemented the expansion project for increasing the installed capacity of PPMFY from 198 MT p.a. to 396 MT p.a. The project was appraised by lRBI and sanctioned vide their Sanction Letter No. IRBI/NZO/4(1)/92/533 DATED 16.11.92. The project was appraised by IRBI at a total cost of Rs.240 lacs out of
which Rs.168 lacs was term loan sanctioned by IRBI and Rs.72 lacs was promoters' contribution. However the company successfully implemented the project at total cost of Rs.235 lacs. This was financed by way of Rs.165 lacs of IRBI loan and Rs.70 lacs as promoters contribution. The
project commenced its commercial production in September 1993. The company has installed its production facilities specially for the PPMFY and PPFDY at one of the lowest comparable capital cost in the industry. Further, the company has targetted specialised fine denier high value
added yarns at its market having an average selling price of Rs.180 per kg. for PPMFY (as compared to Rs.95 per kg. for normal varieties) and Rs.230 per kg. for textured PFY micro and roto filaments yarn (as compared to Rs.180 per kg. of normal varieties).
The company's main line of business is to manufacture speciality products. There is great demand for this product in the market as it satisfy the needs of the customers by giving custom built products. The critical area of the industry is basically the rawmaterial viz. the
PP Chips which is imported and hence any price fluctuations due to demand and supply position in the International market might affect the industry.
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