STL GLOBAL Share price

HISTORY AND CORPORATE STRUCTURE OF THE COMPANYThe Company was incorporated on July 22 1997 under the Companies Act 1956 as a Public limited company in the NCT of Delhi & Haryana as "Shivalik Global Limited" and obtained the Certificate of commencement of business dated August 8 1997 with the main objective of carrying on the business of manufacturing of textile fabric and export of apparels.The Company started its operations at its Plant in Faridabad which was acquired from SPL Industries Limited. Initially the plant comprised of only three facilities viz. manufacturing of knitted readymade garment Dyeing Printing & Processing of Woven fabrics and Dyeing & Processing of Yarn. In the year 1999-2000 Company undertook expansion wherein the capacities of knitted readymade garment and manufacturing of woven fabric were enhanced from 12 lakh pieces p.a. to 24 lakh pieces p.a. and 144 lakh metres p.a. to 264 lakh metres p.a. respectively. Also company started its division for Dyeing and Processing of Knitted Fabric with the capacity of 1050 MT p.a. which was further raised to the level of 2000 MT p.a. in the year 2000-01 3000 MT p.a. in the year 2002-03 and finally 4000 MT p.a. in the year 2003-04.Further in the year 2001-02 the Company increased the capacity of manufacturing of woven fabric to 360 lakh metres p.a. and also ventured into the manufacturing of sewing thread with the capacity at 400 MT p.a. Then in the year 2002- 03 Company raised the yarn processing capacity to the level of 825 MT p.a. which was further increased to 1400 MT p.a. in the year 2003-04. The Company also undertook the conception of knitting of fabric with the capacity of 1150 MT p.a. in the year 2002-03.The Company also maintains a Design Studio a library of designs and labs for quality checks.All the expansions till date have been financed from the internal accruals equity participation by the promoters and loans from Banks and Financial Institutions.Milestones achieved by the companyYear Milestones1997-98 Incorporation of the Company as "Shivalik Global Limited" on July 22 1997 in the NCT of Delhi & Haryana1998-99 Commencement of Commercial production in Manufacturing of Readymade Garments Dyeing Printing & Processing of Woven Fabrics and Dyeing & Processing of Yarn 1999-00 Commencement of Dyeing and Processing of Knitted Fabrics and Expansion of Readymade Garments division (from 12 lakh pieces p.a. to 24 lakh pieces p.a.) and Dyeing Printing and Processing of Woven Fabrics (from 144 lakh metres p.a. to 264 lakh metres p.a.)2000-01 Expansion of Dyeing and Processing of Knitted Fabric (from 1050 MT p.a. to 2000 MT p.a.)2001-02 Commencement of Commercial production of Sewing Threads for Readymade Garments. Enhancement of capacity of processing of woven fabric to 360 lakh metres p.a 2002-03 Commencement of knitting of fabric Enhancement of yarn processing capacity to 825 MT p.a. Expansion of Dyeing and Processing of Knitted Fabric to 3000 MT p.a.2003-04 Enhancement of yarn processing capacity to 1400 MT p.a. Expansion of Dyeing and Processing of Knitted Fabric to 4000 MT p.a.