Nutech Global Share price

The company was incorporated on the 8th June: 1984 as aPrivate Limited Company with the Registrar of CompaniesRajasthan Jaipur under the name and style of ''NUTECHSPINNING PVT. LTD. The company was converted into PublicLimited Company on 15th December 1994 and the name of thecompany was changed to NUTECH SPINNING LlMITED. The companyhas been engaged in the manufacturing of synthetic suitings& shirtings at E-149 RIICO lndustrial Area Udaipur RoadBhilwara (Raj.) with an installed capacity of 11.51 lacsmeters per annum on (its existing 40 looms.-----------------------------------------------------------The increase in capacity is effectively projected with thehelp of the following table :----------------------------------------------------------- Year Type of Installed Finance Commence- Machinery Capacity of ment of (metres in Commercial lacs) Production-----------------------------------------------------------Original 1988 16 Ruti''B 5.15 Promoters 28.2.88Set up Suiting Looms Contribution and Term loan from RFC1st Expansion 1993 8 Ruti''B 3.09 Internal 1.5.93 Shirting Looms AccrualsIInd Expansion 1994 16 CIIMCO 3.27 Internal 1.1.94 Accruals and Term Loan from RFC-----------------------------------------------------------The Company is going to expand it''s capacity by installing16 Nos. Laxmi Ruti high speed looms at its existing sitewhich will enhance the installed capacity by 6.44 lacmeters per annum. The total installed capacity will be17.95 lac meters per annum. The company is marketing it''sproducts under trade name ''PRIDE''. The Company has a verygood network of 200 Agents dealers and 8000 retail outletsthroughout the country. The company is marketing more thanit''s existing production capacity by getting additionalproduction on job basis from local market.