SPL INDUSTRIES Share price

History and Corporate Structure of the CompanySPLIL was incorporated as Shivalik Prints Private Limited in 1991 with the main objective of carrying on the business of manufacturing and export of apparel. The name of the company was changed to SPL Industries Limited in 1994. TheCompany?s plants are located 30 km away from Delhi in the industrial township of Faridabad.SPLIL established its first textile unit named ?SPL processing house? with a focus on printing and dyeing of cloth with a capacity of 100000 meters/day. SPLIL planned to become a major supplier of printed and dyed cloth in northern India.In July 1992 SPLIL expanded its operation by installing new equipment and increased its capacity to 150000 meters/day.In March 1995 the company set up a vertical integrated plant for apparel manufacturing which had the facilities for knitting dyeing processing cutting and stitching with a capacity of producing 100000 pieces of knitted garment permonth. Due to a growing customer base and demand for its products SPLIL increased its capacity by another 150000 pieces per month i.e. a total of 250000 pieces per month.In 1999 SPLIL sold off the printing unit. In 2000 SPLIL decided to further diversify its operations and and a started sweater division with a capacity of 120000 pieces per month.In 2000 SPLIL established another knitwear unit with capacity of 250000 pieces per month and 100000 pieces per month of Home Furnishings. Thus the total capacity reached 500000 pieces per month of garments. Later in 2002 SPLIL opened another Knitted Garment unit with capacity of 250000 pieces per month which increased the capacity to 750000 pieces per month.The Company has a well equipped design studio. SPLIL employs a team of designers who design and develop the products as per the requirements of the customers. They regularly visit International fairs like Piiti Fillatt Expofil andPremier vision. These fairs determine the latest trends in yarn / fabric and colours for the following season. The design team regularly interacts with the customers which helps it to keep pace with their expectaions.SPLIL exports knitted apparels to USA Europe Canada and Japan. Almost 95% of the total production is exported. The major customers of the company are GAP J-C.Penny Kohls Haggers Sears Arrow PVH etc. The company adheres tointernational standards as required by the customers.SPLIL also manufactures Home Furnishings which include Bedsheets Curtains pillows etc. these products are exported to Middle East and USA.The company?s total income for the year ended March 31 2004 was Rs. 15388.45 lakhs with a profit after tax of Rs.429.24 lakhs and for the 9 months ended December 31 2004 total income was Rs. 12074.09 Lakhs with a profit aftertax of Rs. 633.11 Lakhs.The vision of the company is to become a global leader in apparel manufacturing by continuously excelling its quality service customer satisfaction and employee satisfaction using the best technology processes and people.Major Events of the Company Year Events Achievement 1991 Company incorporated in the name of Shivalik Prints Pvt. Ltd. for process and printing of Woven Fabrics1994 Company changed name from Shivalik Prints Private Ltd. to SPL Industries Ltd.1995 Setup new factory for Knitted Garments2000 Setup cotton sweater plant2001 Setup two new factories for Knitting Garments to enhance the capacity of Knitting as well as Dyeing2002 Factory for Value added items like computerized embroidery2003 Enhance capacity for Knitting Dyeing and Garments2003 Setup unit for manufacturing home furnishing items like Bed sheet curtains pillows cushions etc.2003 Amalgamation of SPL Machine to SPL Industries Ltd. As per Delhi High Court decision2005 Accorded the status of Two Star Export House in accordance with the provisions of the Foreign Trade Policy 2004-09.AwardsYEAR AWARD 1997 5 Star Award for outstanding service in the development of Federated Department Stores 1997 Award for outstanding performance in export by Government of Haryana (Department of Industries)1998 5 Star Award for outstanding service in the development of Federated Department Stores 1999 5 Star Award for outstanding service in the development of Federated Department Stores 2000 5 Star Award for outstanding service in the development of Federated Department Stores 2000 Award for outstanding performance in export by Government of Haryana (Department of Industries)2001 5 Star Award for outstanding service in the development of Federated Department Stores 2002 5 Star Award for outstanding service in the development of Federated Department Stores 2004 Appreciation of your outstanding contribution to Faridabad industries by Chief Minister of Haryana YEAR Awarded by Govt./Buyers1997 Federated Merchandising Group1997 Government of Haryana1998 Federated Merchandising Group1999 Federated Merchandising Group2000 Federated Merchandising Group2000 Government of Haryana2001 Federated Merchandising Group2002 Federated Merchandising Group2004 Faridabad Industries Association