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Prism Foods Limited (PFL) originally incorporated in thename of Maruti Dairy Products Limited on 28th July 1995 asa public limited company vide Certificate of IncorporationNo.01-21262 and obtained certificate of commencement ofbusiness on 11th August 1995. Subsequently the name waschanged to Prism Foods Limited and a fresh Certificate ofIncorporation consequent on change of name was issued bythe Registrar of Companies Andhra Pradesh Hyderabad on18th March 1996The company proposes to setup a plant for manufacturing andprocessing of Milk and Milk Products with an installedcapacity of 9000 LPD and Processing of Mineral Water withan installed capacity of 20000 LPD.The company proposes to manufacture Toned milk Whole milkTable Butter Ghee and Mineral Water and market the same inKrishna Guntur and Prakasam Districts of Andhra Pradeshand adjacent towns and villages. Prism Foods Limitedproposes to market its products under its own brand name.The proposed plant will come up in Karamchedu villagePrakasam District A.P. The Company has already acquired anarea of 2.84 acres. The site is situated about 30 Kms awayfrom the Calcutta - Madras National Highway. The site isideally located in a milk surplus area.Karamchedu village is located in the heart of a MILKSURPLUS BELT which will facilitate the Company to get theraw material easily. The climatic conditions prevailing inthe region are suitable for buffallo breeding which in turnincreases the yield of milk.(SOURCE : APPRAISAL REPORT OF THE CATHOLIC SYRIAN BANKLIMITED)The Company does not have a brand name and would decide onthe same closer to the commencement of commercialproduction.There are no backward area benefits available to theCompany.The promoters have brought in Rs. 126.55 lacs and Rs.104.27 lacs has been deployed in the project as at February29 1996. The significant accounting policies are :i) Unallocated Pre-operative expenditure pendingcapitalization will be allocated to Fixed Assets oncommencement of Commercial Production.