BANARAS BEADS Share price

The Company was incorporated as a Private Limited Company on the10th April 1980. Subsequently it became a Deemed Public LimitedCompany by virtue of Section 43(A) (1) of the Companies Act1956 and obtained the Certificate of Change of Name to BanarasBeads Limited from the Registrar of Companies Kanpur on the 1stof July 1988 and on 26th October 1994 the company was convertedinto a Public Limited Company.The Company initially commenced its operations with manufactureof glass beads & imitation jewellery and then diversified intowoollen products. The activities of the company were initiallycarried out at Varanasi. The Company later in the 1980''scommenced their operations from New Delhi. The Company startedto handle a wider range of products from its Delhi Office withthe inclusion of handicrafts silk & silk fabrics fashionaccessories garments etc. Due to increasing volume of businessat Delhi the Company acquired a large showroom at Janakpuri todisplay its entire range of products. The Glass beads andCarpets divisions function from the work sites located atIndustrial Estate Varanasi and later with expansion of theCarpets division the Company acquired land and constructed afull fledged workshop at TADIA to carry out the finishingactivities of the Carpets divisionThe Company started its exports since early 1970''s and sincethen received a number of awards for excellence in exports. TheCompany was accorded the Government Registered Trading Housestatus in August 1994.MAIN OBJECT OF THE COMPANYThe Main Object of the Company as set out in the Memorandum ofAssociation are set out below:1. To Promote Manufacture produce process develop designbuy sell exchange alter improve assemble import export orotherwise deal in all kinds of handicrafts inclusive of Beadsmade from glass wood brass plastic ivory and block glassglass rod glass tubing glass wares and or such other kinds asmay be deemed necessary or expedient for the Company toundertake and develop.2. To manufacture design develop engineer process sellexchange alter improve manipulate prepare import export orotherwise deal in any and all kinds of silicate sodiums andother chemical products or other components.3. To establish carry on extend alter or develop the businessof manufacturing buying selling distributing importingexporting exchanging altering converting or otherwise deal inmaterials required by rugs and carpet industry handicraftsfor pilo leather goods plastic works brass works fruits dryfruits and eatables silk artificial silk and everydescription of cloths or carrying on forward and ready businessfor immediate or further order.4. To carry on the business of exports in all forms andbranches of commodities articles products and merchandise ofany kind or nature whatsoever and in that connectiona. To establish promote manage control and maintain exporthouses and branches and sales offices organisations andfacilities in India and abroad.b. To undertake establish provide promote procure andmaintain all and any service and facilities for export andimport of goods and merchandise of every nature and descriptionincluding market surveys and studies; andc To undertake promote and develop exports and to advise uponall matters relating to the promotion developmentdiversification and rationalisation of exports including theforms and methods relating to production packing storage andmarketing of goods.PRESENT BUSINESS OF THE COMPANYBBL is engaged in manufacture & export of Glass beads &Imitation jewellery Woollen Products and Handicrafts. While themanufacture export of glass beads and Woollen Products arehandled by Varanasi divisions the handicrafts are being handledby the Delhi works. Glass Beads & Imitation Jewallery DivisionThe glass beads and the imitation jewellery divisions form thebackbone of the operations of BBL. Having initiated thisIndustry in the Indian scene fifty four years ago the Companyhas developed an infrastructure which is unique given thenature of its operations. It has about 200 ancillary units invillages surrounding the factory for manufacturing beads bymanual process which employ nearly 60000 people. The Companyhas provided basic equipment and training for these ancillaryunits and supplies the raw materials for beads as well.BBL at present makes over one lakh varieties of beads out ofglass bone shell horn MOP silver terracotta woodceramics venetian chevron brass white metal etc. and therange is considered the best collection available anywhere inthe world. It also manufactures costume and imitationjewelleries using beads and other materials worthy for exportmarket.Handicrafts DivisionBBL is dealing in a wide range of handicrafts and at present hasa network for manufacture and export of over one hundredthousand varieties of handicrafts from the artisans of Northernand Western regions of India. BBL also has plans to trade inhandicrafts of South India the North-East and Jammu & Kashmirand increase its product range.Woolen Products DivisionThe company manufactures and exports a wide variety ofhand-woven woollen carpets Abusan carpets Silk and Art silkcarpets of Jaipur and Kashmir origin Indo-Nepalese andIndo-Tibetan origin 30 count 4Ply/3 Ply durries of assorteddesigns and sizes. The company is one of the leadingmanufacturers and exporters of hand-made Woollen Carpets fromIndia.Taxtiles Leather Silk and other ProductsBBL also deals in leather jackets leather bags silk goodssilk sarees and other silk made ups cotton and canvas bags etc.The Company procures these items in finished forms and exportsthem.