PRESSURE SENSITIVE SYSTEM Share price

PRESSURE SENSITIVE SYSTEMS (INDIA) LIMITED was originallyincorporated as a Pvt. Ltd. Company on 3rd December 1987 inthe state of Maharashtra and subsequently converted into aPublic Limited Company by passing a special resolution underSection 31 at the Extra Ordinary General Meeting held on 25thOctober 1993 and obtained a certificate for the change of nameconsequent to the conversion of the Company from Private toPublic on 23rd November 1993 from the Registrar of CompaniesMaharashtra Bombay.PRESENT BUSINESSThe Company is presently engaged in manufacture of salt adhesivetapes like Nylon cloth Tapes Rayon Cloth Tapes. aingle sidedcotton cloth Tapes Double sided cotton cloth Tapes and Fibreglass cloth Tapes with a Installed Capacity of 300000 sq. mts.per annum at its factory site at Plot No.6 Village PimpleqaonTaluka Pen Dist. Raigad Maharashtra. Till August 1991 sinceits incorporation the Company was in the process of tying-upthe necessary infrastructural facilities term loan and projectwas under implementation. Hence no operations were carried out.Though the company started commercial production in August 1991for the purpose of getting feedback response about \ theacceptability of the product from market the full fledgedproduction was started only in october 1992. The Company wassanctioned a Term Loan aggregating to Rs. 47.40 Lakhs by M/s.Masarashtra State Financial Corporation and it has been enjoyingworking capital facilities of about Rs. 22.50 Lakhs from IndianBank Matunga Bombay for the present unit. SUBSIDIARY OFThE COMPANYThe Company does not have any subsLdiary.