SIRCA PAINT INDIA Share price

HISTORY & BACKGROUNDThe company was originally incorporated at New Delhi as “Sircolor Wood Coatings Private Limited” on 19th January 2006 under the provisions of the Companies Act 1956. Thereafter the Name of the Company was changed to “Sirca Paints India Private Limited” vide fresh certificate of incorporation dated 3rd May 2017 issued by the Registrar of Companies Delhi. Consequently the name of the Company was changed to “Sirca Paints India Limited” vide fresh certificate of incorporation dated 17th January 2018 issued by the Registrar of Companies Delhi.The Foundation of the company was laid down by Mr. Sanjay Agarwal Mr. Apoorv Agarwal and Mr. Gurjit Singh Bains in the year 2006 with a vision to have a distinct global presence in Paint Industry by providing high quality coatings and technical assistance which leads to as healthy customer relationship. After establishment OurCompany started import of Polyurethane Polish (PU) products from Italy and wall paints & Abrasives from Korea and selling them in India as a first step of Journey. the company is the first Company to launch wood filler in India and opened its wholly owned branches in Mumbai and Chennai.The company is in marketing and trading/distributor of paints and allied products after repackaging the same. the company use to procure the products majorly from SIRCA SPA ITALY through Import and selling them in India through its Distributors. In additional the company also procure the products (Thinner Abresives and BuffingCream) from other suppliers based in India. Except Thinner and Abresives which are purchased from domestic suppliers all other 100% Purchases are made from Outside India and the products which are purchased from domestic suppliers and sold out in India Only.MAJOR EVENTS AND MILESTONES:2006- Incorporation of the Company in the name and style of “Sircolor Wood Coatings Private Limited”2017-The Name of the Company was changed from “Sircolor Wood Coatings Private Limited” to “Sirca Paints India Private Limited”2018- Conversion of the Company from Private Limited Company to Public Limited Company and adoption of new set of Memorandum of Association of the Company and Change of Name of the Company from “Sirca Paints India Private Limited” to “Sirca Paints India Limited”.- The company entered into a Distributorship Agreement with M/s Sirca SPA Italy.- The company entered into a Manufacturing License Agreement with M/s Sirca SPA Italy for manufacturing Paints NC Paints AC Thinner and Sealer PU.- The company Signed a Share Subscription and Shareholders Agreement with M/s Sirca SPA Italy dated 19th February 2018.