JAGJANANI TEXTILES Share price

History and Major EventsJagjanani Textiles Limited is a Public Limited Company incorporated on 1st April 1997 under Companies Act and Registered with ROC Jaipur vide incorporation No.17-013498 and obtained certificate for commencement of Business as 7th May 1997. The main objective of the Company is to manufacture/trade-yarn/textile. The registered office of the Company is at S-25 Shyam Nagar Ajmer Road Jaipur and works at E-228 RIICO Industrial Area Bagru Jaipur. Keeping in view the object of the Company the promoters decided to set up a quality yarn Production Unit with latest state of art facilities. The Company acquired land for this purpose in November 1997 and took effective steps for installation of spinning plant at a total cost of Rs. 1650 lakhs. The plant was partially commissioned in March 1999 and completed by February 2000. Further there was addition of one AutoCoro machine with 192 Rotors was purchased in the FY 2003-04.The existing project is situating at RIICO Industrial Area Bagru Jaipur on a plot of 9875 Sq. mts. The site is 25 kms from Jaipur (on NH-8 Jaipur Ajmer Road) and RIICO has provided all infra structural support like Roads Water Electricity etc.The project envisaged installation of 4 Auto Coro machines with 768 Rotors. As planned 2 machines were commissioned in March 1999 with 384 rotors and after watching the performance of the equipments and market response remaining 2 machines with 384 Rotors were commissioned in February 2000. The Company has selected Open End spinning machines keeping in view the higher speed of yarn production and lower involvement of labour. Moreover in this process no separate winding machines are required. In house power generating facilitieshave been installed for ensuring quality and continuity of power for production. The manufacturing process comprises cleaning of Cotton (Blow Room stage) elimination of short fibres (Carding) parallelization of fibres (draw frame) and Spinning (Rotors 768 in number). The unit is equipped to manufacture yarn in the count range of Ne 3 to Ne 30 depending upon the market requirement. The machines installed by the Company ensure on line quality monitoring. Due to better quality standards Company?s products enjoy patronage from all leading fabric manufacturers in India and abroad. Company supplies yarn to Arvind Mills Ashima Raymond K G Denim Vardhman Group Soma Textiles Malwa Industries of Oswal Group Rainbow Denim etc. Yarn is also regularly exported to HongKong China Pakistan Egypt Dubai and Bahrain.MAJOR EVENTS IN THE HISTORY OF THE COMPANYYear Events1997 Incorporation under the Companies Act 19561999 Commissioning of two nos Auto Coro Machines completed and Commenced Production of Cotton yarn2000 Commissioning of all four Auto Coro machines with preparatory as per project.2000 First Export order executed2001 Production of Hosiery Yarn for Knitting on O E machines2002 Production of Polyester Cotton Blended Yarn for work wear fabrics for export.2003 Major thrust in Export Market (Export turnover USD 13 67286/-)2004 Addition to capacity by installing one number Auto Coro machine and other balancing equipments.2004 Achieved highest production ? 3536 MT and sales 3535 MT of yarn.2005 Introduction of 100% Viscose Yarn ? Ne 30 for exports. Export House eligibility.