Ganga Papers India Share price

Kasat Paper & Pulp Ltd (KPPL) is an existing profit makingcompany engaged in the manufacture of different types ofkraft paper including special quality kraft paper and highgrade kraft paper. Kraft paper is used for the manufactureof corrugated cartons and boxes.KPPL was incorporated as a Private Limited Company on 11thMarch 1985 in the state of Maharashtra under the name ofKasat Paper & Pulp Private Ltd. Subsequently vide specialresolution passed on 5th December 1992 it was convertedinto a Public limited Company and the Registrar ofCompanies Maharashtra issued a fresh certificate ofincorporation on 1st January 1993.The company commenced commercial production in the year1987 with an installed capacity of 6000 TPA. The projectwas set up at a total cost of Rs. 238 lacs and was fundedby Promoters Equity State incentives and term loans fromSICOM MSFC and Bank of India.In the year 1990-91 the company undertook an expansionproject to increase the installed capacity from 6000 tpa to12000 TPA. This expansion project was undertaken at atotal cost of Rs. 281 lacs and was financed throughinternal accruals of Rs. 187 lacs a term loan of Rs. 69lacs and a subsidy of Rs. 25 lacs from SICOM. (StateIndustrial and Investment Corporation of Maharashtra).In 1993-94 the company further undertook a 3000 TPAexpansion project to increase the installed capacity to15000 TPA. The cost of this project was Rs 110 lacs andwas financed by SICOM to the extent of Rs. 60 lacs thebalance being financed by internal accruals.In September 1993 KPPL established a Joint VentureUnipack Containers & Carton Products LLC (Unipack).Unipack Containers & Carton Products LLC was incorporatedas a company with limited liability in Dubai UAE for themanufacture of corrugated printed cartons sheets & trays.The paid up share capital of Unipack is DHS 13.20 lacs ofwhich KPPL holds 49% stake for which it has contributed byway of supply of Plant & Machinery. This supply of Plant &Machinery was funded by internal accruals. The balance 51%stake is held by Mr. Yousef Mohd. Abdullah Al Marzooqui aU.A.E national.