GINNIFILAMENTS Share price

HISTORY AND CORPORATE STRUCTURE OF THE COMPANYThe Company was incorporated as Ginni Filaments Limited (Regn. No. 35130) vide certificate of incorporation dated July 28 1982 issued by the Registrar of Companies West Bengal. Certificate for commencement of business was obtained on September 10 1982. The Company shifted its registered office from the state of West Bengal to Uttar Pradesh. GFL is currently registered with Registrar of CompaniesUttar Pradesh and Uttaranchal vide Registration No. 12550.The Company set up a unit at Chhata Distt. Mathura for manufacture of Cotton Yarn with 26208 spindles in 1990. The Unit has been expanding and diversifying since then and presently the Unit has 54432 spindles for manufacture of spinning yarn 960 rotors for manufacture of Open End yarn and 27 Knitting Machines to produce single Jersey Inter Lock Rib Terry and Lycra Fabrics. A forward integration project for Dyeing & Bleaching of knit Fabric was implemented and commenced production in May 2005.GFL is a 100% Export Oriented Unit (EOU) and entered the capital market with its maiden public issue in 1990. GFL is managed by Dr. Rajaram Jaipuria along with his son Mr. Shishir Jaipuria. GFL is in the business of manufacture and export of textiles since 1990. Its present activities can broadly be classified as:* Yarn & Knitted Fabrics* Dyed & bleached Knit FabricThe above activities are carried out in two manufacturing units. Both manufacturing units are located at Chhata District Mathura in the state of Uttar Pradesh. GFL is an ISO 9002 certified Company.Major Events:Year Event 1982 * Company incorporated on 28th July as a public limited company registered at RoC West Bengal promoted by J.K. Bhagat * Obtained Certificate of Commencement of Business on 10th September * The main objective of the Company's to manufacture cotton yarn1990 * Shifting of registered office from West Bengal to Uttar Pradesh * Installation of 26208 Spindles (Unit I at Chhata Mathura UP) * Public Issue by the Company: Listed on DSE BSE CSE and ASE * Management control taken over by Dr. Rajaram Jaipuria.1993 * Rights Issue by the Company * Expansion of installed capacity to 36288 Spindles1994 * Private placement of shares on preferential basis1995 * Expansion of installed capacity to 54432 Spindles * Entry into Knitting : (Have installed 27 Knitting Machines till date) * Company's shares were listed on NSE 1999 * Workers affiliated to All India Textile Mazdoor Janta Union strike work for XX days. 1998 * Expansion into Open End Spinning of Cotton Yarn : Installation of 960 Rotors 2003 * Shares delisted from Uttar Pradesh Stock Exchange2004 * Shares delisted from DSE BSE & Ahmedabad Stock Exchanges2005 * Shares delisted from CSE * Setting up of Dyeing and Processing Plant (Unit II at Chhata Mathura UP) Awards YEAR AWARD1998-99 `Samman Patra' for valuable contribution to the Customs and Central Excise Revenue.1999-2000 First winner for excellence in `Cost Reduction' alongwith a cash award of Rs. 2 Lacs.2001 -02 `Star Export Award' for achieving excellence in the field of Textile Exports.YEAR Awarded by 1998-99 Govt. of India Ministry of Finance Dept. of Revenue 1999-2000 ICMF's Birla Economics and Textile Research Foundation2001-02 Govt. of Uttar Pradesh