Home | Recommend Us | Contact us | Make NK your default homepage    

Home Astrology Chinese Astrology Numerology Recipes Self Help Photo Gallery Yoga Travel Education Pincodes Baby Names
Top Tamil Movies | Top Tamil Songs | Top Telugu Movies | Top Telugu Songs | Top Malayalam Movies | Top Malayalam Songs

Video News  | Stock Market | Gold/Silver Price | Currency Rate |

  News Channels
 
Kerala News
India News
World News
Business India
Sports News
Cricket News
Travel News
Health News
Technology News
News Reviews
Literature News
Education News
NRI News
Special Features
Entertainment News
Bollywood News
Hollywood News
Malayalam Cinema
Tamil Cinema News
Kannada Cinema
Telugu Cinema News
  Regional News
Andhra Pradesh News
Gujarat News
Karnataka News
Maharashtra News
Punjab News
Tamil Nadu News
West Bengal News
More India News
 
  NEWKERALA.COM BUSINESS SECTION:
 

Search Company   
   Ascending  Descending  
      (* minimum 3 characters required)
 

BSE

Top Gainers Top Losers Top Traded Shares Stock Rates


NSE

Top Gainers Top Losers Top Traded Shares Stock Rates

Home > Business India > Company Profiles: Abhishek Corporation Ltd.

Abhishek Corporation Ltd.
Registered Office & Factory : Gat No. 148 Tamgaon Kolhapur-Hupari Road Taluka Karveer Kolhapur District Maharashtra - 416234 Tel: 2676191
Business Group: Not Applicable Industry Type: Textiles - Spinning - Cotton Blended
Key Officials:
Mr. Ramchandra M Mohite
Mr. Ravi Y Shiralkar
Mr. Shriprakash M Dhopeshwarkar
Mr. Anasaheb R Mohite
Mr. Abhishek A Mohite
Mrs. Rama J Swetta
Chairman / Chair Person
Independent Director
Independent Director
Managing Director
Director
Independent Director
Public Issue Date: 20/02/2007 BSE CODE: 532831 NSE CODE: ABHISHEKEQ
Face Value: 10 Market Lot: 1 ISIN: INE004I01017
Current PE: 4.4447 Current Market Capital: 23.6043
Promoters %: 70.7459
Promoters Shares: 9910417
Institution Investment %: 0
Institution Investment Shares: 0
Auditor:
B J Ingrole & Co.
Banker:
Registrar:
Intime Spectrum Registry Ltd. C-13 Pannalal Silk Mills Compound LBS Marg Bhandup (W)Mumbai 400078 Maharashtra 25960320
Company History: R. M. Mohite Group started in 1983 with the establishment of R. M. Mohite & Co. a partnership firm with our Promoters aspartners for undertaking projects in infrastructure construction sector viz-earthen dams small and medium irrigation projects.Some of the projects completed by RMMC include:

* Medium Irrigation project at Basaapachiwadi in Sangli district

* Bhira Tail race Hydro-Electric project in Raigad district

* Wana Left Bank Canal

* Patgaon dam and Kumbhi dam in Kolhapur district

* Jangamhatti medium irrigation project in Kolhapur district.

* M.I. Tank at Chorgewadi in Sindhudurg district

After strengthening Group's position in construction sector our Promoters went for diversification and diversified into textilesector with the establishment of R. M. Mohite Textiles Limited in the year 1991. In 1993 our Promoters had incorporated AbhishekCotspin Mills Limited (now known as Abhishek Mills Limited)and set up a spinning unit in the year 1999 subsequent to their dissociation with R.M. Mohite Textiles Limited in the year 1998 in lieu of family understanding .

Our Company

Our Company was incorporated as Abhishek Cotspin Mills Limited (ACML) on September 1 1993. Subsequently on November 14 2005name of our Company was changed to Abhishek Mills Limited (AML). The Registered Office of our Company was changed from Shiv-Parvati17-E Nagala Park Kolhapur - 416003 to Nashte Complex 252 Assembly Road Kolhapur-416001 w.e.f. November 28 1994. The Registeredoffice of our Company was further changed to Shiv-Parvati 17-E Nagala Park Kolhapur-416003 w.e.f. April 1 1999 and then to the present address w.e.f. December 1 2005.

Our Company which is a 100% export oriented spinning unit is promoted by Mr. Ramchandra M. Mohite our Chairman Mr. Anasaheb R.Mohite our Managing Director and Dr. Anjali A. Mohite from Kolhapur Maharastra. Our Company set up modern manufacturing facilities for 100% combed cotton yarn at Kolhapur with initial capacity of 13104 spindles in 1999 financed through term loan of Rs 455 lacs from The United Western Bank Limited and balance from Promotors own funds.

In the year 2003 we expanded our capacities to 25920 spindles including 2016 spindles of compact spinning with value added facilities like Autoconer TFOs Singeing. This expansion of Rs 3500 lacs was financed through term loan of Rs 2302 lacs from the Indian Overseas Bank and balance through internal accruals/Promoter contribution. Our Company initiated another expansion in its spinning capacity by 7200 spindles in 2005 and commercial production of which commenced from April 2006. The cost of above expansion of 7200 spindles was Rs. 1300 lacs which has been financed through term loans of Rs. 1137 lacs by The United Western Bank Limited and balance through internal accruals/Promoter contribution.

We ventured into construction business in the year 2000 and undertook job work for Morbe dam (earthern) project on Dhavri River from M/s. R.M. Mohite & Co. our group firm which is a category Class IA registered contractor with PWD GoM and pursuing government contracts for last 30 years. This diversification was considered necessary to overcome maximum ceiling on contracts that can be performed by any registered contractor for several state corporations in Maharashtra.

Our Company with more than 3 years experience in construction activity became eligible and applied for registration as category Class IB registered contractor with PWD GoM. On obtaining this registration we will be eligible to bid for variousinfrastructure projects directly.

With our experience to cater to the premium segment of the fine yarn export market we now intend to set up an integrated yarn dyed shirting fabric project to tap its growing domestic and overseas market. Further Our Company is also planning toincrease its spinning capacity by adding another 12000 spindles to meet additional requirement of yarn for captive consumption.

Key Events in the History of the Abhishek Mills Limited

1993 Abhishek Cotspin Mills Limited incorporated for undertaking the business of manufacture of cotton yarn1999 Start of manufacturing facilities for cotton yarn at Kolhapur by ACML1999 Started exporting high quality cotton yarn at competitive prices1999 Company was designated as 100% EOU2000 Our Company ventured into infrastructure construction2003 Expansion of capacity from 13104 spindles to 25920 spindles.2006 Expansion of capacity from 25920 spindles to 33120 spindles.2006 Applied to PWD GoM for registration as Class IB contractor.

2008

-Members of are hereby informed that the name of Abhishek Mills Ltd shall be changed to Abhishek Corporation Limited and the trading symbol of the company be changed from AML to ABHISHEK w.e.f. June 26 2008.

(Source: RTGSL)


Select The First Character Of The Company Name:
1-0 A B C D E F G H
I J K L M N O P Q
R S T U V W X Y Z


Search Company   
   Ascending  Descending  

(
* minimum 3 characters required)

  Photo News

 

Entertainment Sports Current Affairs
  Best of NewKerala.Com
Self Help Self Help
India Greeting Cards Greeting Cards
India Education India Education
Indian Recipes Recipes
India Travel Maps


 
 
Home | Recommend Us | Contact us | Make NK your default homepage
© 2001-2008 NEWKERALA.COM. All Rights Reserved.