Balaji Galvanising Industries Ltd. कंपनी का इतिहास और वार्षिक वृद्धि विवरण

Balaji Galvanising Industries Ltd. was originally incorporated as a private limited company on 12th December 1989 at Hyderabad. The Company was subsequently converted into a public limited company in terms of special resolution passed on 21st June 1994 and obtained a fresh certificate of incorporation on 4th July 1994 from the Registrar of Companies, Andhra Pradesh.

The Company is engaged in the manufacture of Galvanised Iron wires at their manufacturing unit located at Survey no. 10, Gaddapotharam Village, Jinnaram (M), Medak District, Andhra
Pradesh with an installed capacity of 5,000 TPA. The commercial production for the existing unit was commenced in August 1990.

PRESENT BUSINESS

The Company is already engaged in manufacture of M.S Galvanised Iron Wire of different gauges (upto 1.6 mm) with an installed capacity of 5000 TPA at the existing plant located at
Gaddapotharam Village in Medak district in Andhra Pradesh.

The Company proposes to take up the following diversification programme at the same location:

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Existing Proposed
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Galvanised Iron (GI) Wires 5000 TPA -

High Carbon Bare Wires - 5544 TPA

High Carbon Galvanised Wire (ACSR) - 5544 TPA

Stainless Steel Wire - 1585 TPA
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The financial position of the company for the last four years of
operation are given below:

(Amount Rs.in lacs)
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Particulars March'91 March'92 March'93 March'94 Upto Oct'94
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Installed Capacity 5000 TPA 5000 TPA 5000 TPA 5000 TPA 5000 TPA

Capacity Utilisation 2324% 41.15% 44.46% 60.29% 54.41%

Turnover 86.05 218,39 312.06 529.08 284.29

Job work charge 2.43 15.84 7.41 - -

Other Income 1.78 1.83 0.05 2.12 0.90

PBlD 1.28 12.90 9.23 25.37 13.10

Interest 2.99 9.63 11.68 8.71 5.79

Depreciation 4.23 5.81 5.81 2.61 2.02

Provision for Tax - - - - -

Excess Depreciation - - - 8.64 -

written back

Profit After Tax (5.94) (2.54) (8.28) 22.67 5.28

Share Capital 20.66 20.86 20.86 20.86 26.31

Reserves & Surplus (5.94) (8.48) (16.76) 5.91 11.19

E.P.S. (Rs.) - - - 6.74 3.44

(annualised)
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NOTE:

1. The working for March'91 is for 7 months only.

2. During the year ended March'94 the Company has changed the method of depreciation from written down value method to straight line method and the excess depreciation provided for
earlier years has been written back.

MAIN OBJECTS OF THE COMPANY

The main objects of the Company, as set out in the Memorandum Of Association are as under:

1. i) To carry on the business of manufactures of and dealers in all types of ferrous and non ferrous wire and wire products including galvanised wires H.B wire, M.S. wire .G.l.wire, Barbed
wire, Stay wire, Weldmesh, Chain Links. Wire Nails and other similar wire products.

ii) To manufacture, purchase, sell, export, import and deal in all types of wires insulated wire and wire products in all its branches and departments.

2. To carry on the business of Iron founders, metal moulders, steel makers, steel rollers, non-ferrous metal founders, mechanical engineer and manufacture, suppliers and or dealers in
railway materials, agricultural implements tools, implements, machinery and machinery parts of all descriptions, cables, electrical goods and appliance, wires, hardware of all varieties, metal wire of every description, brass founders, metal worker, Iron & steel coverters, moulders, engineers, and to carry on any other business manufacturing or otherwise, which may seem to the Company capable of being conveniently carried on in connection with the above or otherwise.

SUBSIDIARIES OF THE COMPANY
The Company has no subsidiaries at present.

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