SOMI CONVEYOR BELT. Share price

SOMI CONVEYOR BELTINGS LIMITED (SCBL) is a closely held Public Limited Company. It is into manufacturing of Rubber Conveyor Belts. Our Company wasincorporated on 16th June 2000 as Omi Conveyor Beltings Limited and itcommenced its business from 12th July 2000. The name of our Companywas subsequently changed to Somi Conveyor Beltings Limited w.e.f. 31.10.2000.Our Company started its commercial production from February 2002. Initiallyour Company began with a manufacturing capacity of 72000 meters perannum (MPA) of Rubber Conveyor Beltings. Our Company initiated a capacity expansion in 2004. At present SCBL can manufacture beltsup to 1200-mm width.The Promoters of our Company are Mr. Om Prakash Bhansali Mr. Vimal Bhansali and Mr.Gaurav Bhansali. Mr. Om Prakash Bhansali is the key promoter andChairman cum Managing Director of our Company.Our Company markets itsproducts under the brand name "SOMIFLEX". Our Company has installed state-of-the-art plant and machinery and other equipments to make mostefficient use of available resources as well as to maintain highest qualitystandards.Major events in the history of Our Company:2000 - Incorporation of our company2001 - Factory Unit at 463-466 H2 Sangaria Industrial Area Jodhpur commenced trial production in November 2001 and commercial production in February 2002.2003 - Our company launched SOMIFLEX special utility belts "SEHR-36" andTIGER-M-27 which can resist high temperatures upto 250 Celsius and highabrasion.2004 - Our company increased its production capacity by 100% by installingnew production line in the existing unit.2004 ISO 9001:2000 Certification issued to our company in relation to "Quality Management System".2005 - Supply of Rubber Conveyor Belts to the Andhra Pradesh PowerCorporation Limited a Government of Andhra Pradesh undertaking.2006 - Supply of Rubber Conveyor Belts to the Karnataka Power Corporation Limited a Government of Karnataka undertaking.2007 - Secured an order worth Rs.308.00 Lakhs from Andhra Pradesh Power Generation Corporation Limited a Government of Andhra Pradeshundertaking.2007 - Secured an order worth Rs.342.00 Lakhs from South Eastern Coal field and order worth Rs.175.00 Lakhs from Western Coal FieldsLimited subsidiaries of Coal India Limited2008 - Secured an order worth Rs.55.00 Lakhs from Madhya Pradesh Power Generation Corporation Limited a Government of MadhyaPradesh undertaking and order worth Rs.66.00Lakhs from BharatCooking Coal Limited Dhanbad a subsidiaries of Coal India LimitedMain ObjectsThe main objects of our company as set forth in the Memorandum of Association of our company are as follows: To carry on the business of manufacturers buyers sellers contractorsmaintenance agents designers importers exporters buying and sellingagents fitters repairers installers assemblers of and dealers in all typesof products of conveyor beltings pulley legging jointing materialconveyor beltings maintenance products including cold vulcanizing self vulcanizing patches belt-o-cleaner and other allied products for material handling. To carry on the business of hotel restaurant boarding and lodging housecafé club casino health club gymnasium fast foods center ice creamparlor bar carting services event management and other allied services.