RDB RASAYANS Share price

The Company was incorporated as RDB Rasayans Limited on October 13 1995 under the Companies Act 1956 as a public limited company by the Registrar of Companies West Bengal. The Certificate of Commencement of Business was granted to the Company on October 27 1995. The Company was initially incorporated with the Registered Office situated at 8/1 Lal Bazar Street Bikaner Building 1st floor Calcutta - 700 001.Thereafter it was shifted to 35 Armenian Street Second floor Calcutta - 700 007 w.e.f. January 24 1997. Then on August 01 2001 the Registered Office of the company was shifted to 18 Ezra Street Kolkata - 700 001. Thereafter it was shifted to 3A Auckland Place 8th floor room No.- 8B Kolkata - 700 017 w.e.f. January 01 2003. Thereafter Registered Office of the company was shifted to Bikaner Building 1st floor Suite No. 10 8/1 Lal Bazar Street Kolkata - 700 001 w.e.f May 20 2005. Finally Registered office of the company was shifted to the present address i.e. No.1 Ramesh Mi t ra Road Kolkata - 700 025 w.e. f . January 13 2011. The location of registered office was changed due to administrative convenience. RDB Rasayans Ltd an ISO 9001:2008 certified organization is manufacturer of PP Tape PP woven sacks Woven fabrics Industrial woven fabric PP woven fabrics and PP woven bags. There is a growing demand for PP fabric for packing for different products in the fertilizers cement polymers chemicals textiles machinery automobiles and steel industry etc. The Company is engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners Protective irrigation system Canal Liners etc. The Company has a track record of business in the field of woven sacks and Flexible Intermediate Bulk Container (FIBC) container liners Canal Liners Protective Irrigation Systems which find large scale application in the segments like cement and fertilizer. The manufacturing facility of the Company is located at 126 Basudevpur Haldia -721 602 Dist. Purba Medinipur West Bengal. In the year 1995 the company was incorporated as public limited company and the object clause of the Company was later on altered in 2003 to enable us to carry on the existing business. In June 2003 the company commissioned its Plant at Haldia with the manufacturing capacity of 1800 MTPA. Initially the Company started the manufacturing of small bags and later in the year 2004 the company entered into the segment of manufacturing FIBC (Jumbo Bags). Major Events Following are the key events and milestones achieved by us:1995-96 Incorporation of the Company 1996-97 Equity Share Capital of Rs.18.80 lacs raised by issuing 188000 equity shares. 2001-02 - 2.50 acres of land allotted to the company by Haldia Development Authority for manufacturing of HDPE and PLB ducts at Haldia. Equity Share Capital of Rs.20.50 lacs raised by issuing 205000 equity shares. 2002-03 Equity Share Capital of Rs.141 lacs raised by issuing 1410000 equity shares. 2003-04 The Company had commissioned the plant for manufacturing Woven Sack with production capacity of 1800 MT. 2005-06 - 2.63 acres of land allotted to the company by Haldia Development Authority for manufacturing woven sacks. Equity Share Capital of Rs.630 lacs raised by issuing 1500000 equity shares at a premium of Rs.32 per share. 2006-07 Received ISO 9001:2000 Certification from Moody International Certification Ltd. 2007-08 Received Award of Excellence from Federation of Small & Medium Industries West Bengal for Outstanding Export Performance. 2008-09 Company had increased its installed capacity for manufacturing woven sacks from 1800 MT to 6050 MT. 2009-10 - There was a strike in the factory during June 23 2009 to J u l y 28 2009 b y t h e labour union for the demand of the increase in the rate of the wages. Work at manufacturing unit was resumed w.e.f. J u l y 29 2009. - 9911100 bonus equity shares were issued in the ratio of 3:1. - Company had increased its installed capacity for manufacturing woven sacks from 6050 MT to 7000 MT.