PAOS INDUSTRIES Share price

The Company was incorporated as Pvt. Ltd. Company on 18th June 1990 under the Companies Act 1956 in the name of Raj Agro Mills Pvt.Ltd. and registered with the Registrar of Companies NCT of Delhi & Haryana at New Delhi. The Company converted into a Public Limited Company Vide special resolution dated 30th June 1994 and a fresh certificate of incorporation obtained from the office of Registrar of Companies NCT of Delhi & Haryana New Delhi on 6th September 1994.The Company set up a project for the manufacturing of industrial hard oils in 1991 with an installed capacity of 7500 TPA at a cost of Rs. 166 lacs which was financed by way of a Term Loan of Rs. 110 lacs from Punjab State Industrial Development Corporation Ltd. (PSIDC) and Promoters Equity/Unsecured Loan. The Company started earning profits from the very first year of its'' working. The strength of the company can be assessed by the fact that it has exceeded all the projections of capacity utilisation turnover or profitability made by PSIDC for the purpose of granting a term loan from its very first year of actual working. (This can be seen from the table given below) Encouraged by this spectacular success on all fronts and looking into the demand potential for its products the management decided to double the capacity of its hard oil plant from existing 7500 MTPA to 15000 MTPA at an estimated additional cost of Rs. 110.70 lacs which is being financed by way of a term loan of Rs. 5000 lacs from PSIDC a State Capital Subsidy of Rs. 19.00 lacs and balance Rs. 41.70 lacs out of internal accruals itself. This expansion plan has already been implemented and has started commercial production.Realising the company''s position in the Industry consumers faith in its quality products and wide gap in demand supply position of fatty acid the company has now decided to diversify its'' activities by selling up a project to manufacture fatty acids and glycerine with a capacity of 9000 TPA (raw material input) as a backward integration for captive consumption to the extent of 60% of production of proposed units by its associate concern of National Soap Mills. Besides for the Balance 40% of production the Company has firm marketing tie-up arrangements for the first three year''s of production.