Associated Alcohols & Breweries Share price

Associated Alcohols & Breweries Limited was incorporated withRegistrar of Companies West Bengal Calcutta on 7th July 1989at Calcutta as a Public Limited Company under the CompaniesAct1956 and obtained the Certificate for commencement ofBusiness on 31st August 1989. The Company took over M/sAssociated Distilleries a partnership firm from April 1990.The Company is at present engaged in the manufacture of potablealcohol and has a modern Distillery in District Khargone MadhyaPradesh. The Company is at present manufacturing all kinds ofpotable liquor and blended liquor which are being well receivedin the domestic and export markets. The Company entered theexport market last year and in 1993-94 its very first year ofexports registered an export revenue of Rs. 38 million. Atpresent the Company is exporting IMFL mainly to Russia.Besides AABL is also the leading supplier of country liquor tothe Govt. of Madhya Pradesh for more than decade and is runningBottling Plants and Warehouses at twenty different centres inMadhya Pradesh. The Company has franchise manufacturingfacilities in Maharashtra. The Company also manufactures andsells Rectified Spirit and Extra Neutral Alcohol in loose formto other manufacturers in the country. The present expansionproject is to increase the ENA and IMFL manufacturing capacityof the plant as well as to install a Grain Based AlcoholManufacturing Facility. The Company has a present capacity of27OLPPA out of which it manufactures 28.8 LPPA of ENA and 3.9lakh cases of IMFL. The Company proposes to increase theproduction of ENA and IMFL to 86.4 LPPA and 9.5 lakh casesrespectively.* LLPA : Lakh Proof liters per annumMAIN OBJECTS OF THE COMPANYThe main objects of the Company as set out in its Memorandumand Articles of Association interalia are as follows:1] To undertake and acquire by purchase or otherwise or toestablish works for the business of brewers distillers andmanufacturers of and merchants and dealers in beer winesspirits aerated waters and liquors of every description whetherintoxicating or not and to carry on the business of bottlerscanners preservers coppers dehydrators melstersmanufacturers dealers merchants of fruits of herbsvegetables plants and liquors of every description includingIndian Made Foreign Liquors country liquors by productstherefrom tonics vilemine beverages flavoured drinksnectars punch vinegar acetic acid glucose portermaltshops carbonic acid gas mustard pickles sauces and all orany other commodity and things which may be conveniently used ormanufactured in conjunction with any of the above business andto take over the business of M/s. Associated Distilleries andexisting firm situated at village Khodi Post. Barwaha Dist.Khargone (M.P.) subject to an agreement or otherwise enteredinto with the said firm incorporation of the Company.