GRAVITA INDIA Share price

Our Company was originally incorporated as Weldtech Private Limited in the State of Rajasthan on August 4 1992 under the Companies Act 1956 vide certificate of incorporation issued by Registrar of Companies Jaipur.. The name of the Company was changed to Gravita India Private Limited with effect from August 2 1996 and subsequently company was converted into Public Limited vide a fresh certificate of incorporation dated 13th August 1996 from Registrar of Companies Jaipur. We started our business with welding and surface coating and were appointed as stockist of Eutectic Division of Larsen and Toubro for state of Rajasthan. Later we entered into arena of manufacturing of Lead products from the battery scrap and set up a manufacturing unit at Jaipur with a capacity of 600 MT per annum. In the year 1996-97 with the objective of forward integration the company diversified into Grey Oxide Litharge and Red Lead. During the year 2000 there was change in the duty structure of import and export of lead products which badly affected the health of the secondary lead producers and we were part of the same. The company had to stall its operation on account non-repayment of dues to banks but revived its operation in the year after the settlement of the same. Since 2005 the Company has taken the adequate measure to diversify the product range and expand its market to insulate itself from changes in regulations and duty structures. Also the strategy to built plants in different locations globally and service local markets as well as source raw material from different parts of the world has created a strong foundation for the Company. Presently we are an ISO 9001:2008 and ISO 14001:2004 certified company and a certified "Star Export House" by Director of Foreign Trade India under Ministry of Commerce and Industry with a wide range of lead products. We also have the ability to set up turnkey plants through our subsidiary Gravita Exim Limited which has gained substantial experience by executing 27 projects in 21 countries. MAJOR EVENTS 1992-93Incorporation of Company as "Weldtech India Private Limited" to start business of welding technology and powder metallurgy of surface coatings 1992-93 Appointed as stockiest for Eutectic Division of Larsen and Toubro for the State of Rajasthan 1994-95 Acquired land in Jaipur and set up of an environment friendly recycling operation of battery scrap to produce remelted lead and poly propylene chips with capacity of 600 MT. 1996-97 Changed its name to Gravita India Pvt. Ltd and then later converted into Public Limited Company 1996-97Ban on import of battery scrap by Government of India 1997-98 Diversified into manufacturing of Pure Lead Installation of new plant for manufacturing of Grey oxide Red Lead and Litharge1999-00Reduction of import duty structure on import of litharge from 35% to 5% made the lead manufacturing environment non-viable First export of the Company 2000-01 Default on payment of loans to bank resulted in Lock Out for five years 2005-06 Settlement of Outstanding with Banks Re-commencement of business operation 2006-07 First Subsidiary of the Company Crossed Turnover of Rs.20 crores 2008-09 Acquired Gravita Exim Limited a group company dealing in turnkey solutions for lead processing plants.2008-09Crossed Turnover of Rs.50 crores 2009-10Crossed Turnover of Rs.100 crores MAJOR AWARDS AND RECOGNITION 2007 Certified ISO 9001:2000 by Bureau Veritas Certification (India) Pvt. Ltd Certified ISO 14001:2004 by United Registrar Systems Limited (India) Gravita Exim Limited awarded Niryat Shiromani Puruskar 2008 Associate Member of the Federation of Indian Chambers of Commerce and Industry Presented Technical paper on battery recycling in conferences of India Lead Zinc Development Association at Hyderabad Mumbai Delhi and Jaipur 2009 Received Certificate of Recognition as "Star Export House" issued by Office of the Joint Director General of Foreign Trade 2010 Certified ISO 9001:2008 by Bureau Veritas Certification (India) Pvt. Ltd.