ANAND RAYONS Share price

The Company was originally formed and registered as a partnership firm under the Partnership Act 1932 (-Partnership Act) in the name and style of ?M/s Anand Enterprise? pursuant to a deed of partnership dated July 011987. Subsequently the partnership firm was reconstituted on April 31992 October 8 1999 and March 09 2018. Thereafter the partnership firm was converted in to a public limited company on September 20 2018 under Part I chapter XXI of the Companies Act 2013 in the name and style of ?M/s. Anand Rayons Limited? and received a certificate of incorporation dated October 02 2018 from the Deputy Registrar of Companies Central Registration Center Ministry of Corporate Affairs. The Corporate Identification Number of the Company is CIN: U51909GJ2018PLC104200. The promoter of the Company Mr. Anand Bakshi has more than two and half decade experience in the trading of Yarn. Their relations with suppliers customers and management acumen have been useful in implementing the growth strategy.In 1992 Mr. Anand Bakshi Managing Director of the Company joined the Partnership Firm as a Partner. With his Ideas and Energy Anand Enterprise achieved many mile stones in sales as well as profitability of the Firm. The partnership firm was reconstituted in the year 1999 and all the partners except Mr. Gokul Bakshi and Anand Bakshi had retired from the partnership firm. Initially the partnership firm was doing trading activity in and around surat only. After Mr Anand Bakshi had taken active interest the firm has spread its wings and started trading in other cities and other parts of the Country. The firm also started sales to other cities like Ahmedabad Vapi Daman Varanasi Ichalkaranji Bangalore Erode & Coimbatore Later on Anand Enterprise has taken Dealership of Nylon Yarn from JCT Limited Polyester Yarn from Indorama Synthetics India Limited Garden Silk Mills Limited & Philatex India Limited to expand the business. The Firm has started trading in value added yarns like doped dyed yarns fancy yarns for various applications like weaving of sarees shirting & dress materials yarn dyeing carpets various types of Elastic tap & sizing segments. The promoter with their experience get the better quality of doped dyed yarn after successfully implementing with the master batch with the local person and guide the spinners to get the required yarn. The focus of the firm was on development of market share on fancy and value added yarns. The Firm holds a decent market share amongst the embroidery yarn dyed yarn. The core yarn in value added form is supplied to Jari Manufacturers. The company at present is trading in and around Surat only. Major Events :The major events of the company since its incorporation in the particular financial year are as under:2018-Incorporation of the company "ANAND RAYONS LIMITED" by converting partnership firm "Anand Enterprise in existence since 1987 under Part I chapter XXI of the Companies Act 2013.