BHAGERIA INDUSTRIES Share price

BHAGERIA DYE - CHEM LIMITED was originally incorporated on12th July 1989 as a Private Limited Company under the nameBHAGERIA CHEM PRIVATE LIMITED with the Registrar ofCompanies Maharashtra. The Company was converted into aPublic Limited Company and the name was changed to BHAGERlADYE - CHEM LIMITED on 14th September1993 and a Certificateto that effect has been received from the Registrar ofCompanies Maharashtra on September 14 1993.The existing Plant of the Company is Located at Plot No.6310 Phase IV G.I.D.C. VAPI GUJARAT which is Asia''slargest Chemical Zone. The Company is at present engaged inmanufacturing Vinyl Sulphone with an installed capacity of540 tones per annum.PRESENT AND PROPOSED ACTIVITIESThe Company is at present engaged in the manufacture of VinylSulphone. It started the commercial production of VinylSulphone in the year 1991-92 with an installed capacity of 540tones per annum. In order to have one time experience.in thefield of civil construction work of chemical/continuous processplant the Company entered into a construction contract worthRs.223 Lacs with M/s. V)kram spat ( a unit of Grasim IndustriesLimited ) and completed the same successfully.Besides manufacturing Vinyl Sulphone the Company now plansto diversify into the manufacture of H. Acid and Reactive Dyes.The proposed production facility would he located at theexisting site at Vapi Gujarat which is an area on Bombay-Gu-jarat Highway. Vapi is an industrial area well developed byG.l.D.C. and completely equipped with all infrastructuralfacilities like communication power transport water etc. It iscredited with a distinction of being Asia''s largest IndustrialEstate.Capacity utilisation by the Company during past three years isas underYearin % of Installed________________Capacity1991-9225.751992-9369.551993-9476.131994-95 (8 Morlths)76.14Annualised.)After completion of diversification plan the installed capacity ofthe Conipany would be as under(in M.T.)ProductExistingProposedTotalVinyl Sulphone540-540H. Acid__600600Reactive Dyes600600The Company proposes to commence commercial productionof H. Acid and Reactive Dyes from July 1995 onwards.MAIN OBJECTS OF THE COMPANYThe main objects of the Company as set out in Memorandumand Articles of Association are detailed hereunder :-1.To carry on business as exporters manufacturers importersbuyers and sellers of and dealers in all chemicals includingwithout prejudice to the said generality and in particular sodaash caustic soda sulphuric acid super phosphate ammoniumchloride Di-Calcium Phosphate Alcohol chlorine products bothorganic and inorganic such as Polyvinyl Chloride carbon-tetra-chloride trichloroethylene Perchlorethylene Ethylene Dichlo-ride Titanium Tetrachloride Alkalis Acids Cordials drugstanins essences and photographical sizing chemical industrialand other preparations and articles of any nature and kindswhatsoever mineral and other waters cements oils paintspigments and varnishes compounds dye stuff organic ormineral intermediates paint and colour.2.To carry on the business of manufacturersdistributors dealersin salts of all kinds chemicals chemical compounds andchemical products of any nature and kind whatsoever and aswhole-sellers and retail chemists drugstaunis carbon-tannineextract essences solvent plastics of all types dyes com-pounds dyestuffs intermediates of all kinds and typessynthetic rubber regenerated fibres or filaments cellophinecolours paints disinfectants fungicides deodrants as well asbiochemical sizing bleaching photographic and other prepara- tions.