TEXMO PIPE & PRODUCTS Share price

Our Company started as a partnership firm under the name Shree Mohit Industries on May 13 1999.The constitution of the partnership firm was changed from time to time and in the year 2008 thepartners as on that date viz. Ms Rashmidevi Mr. Sanjay Agrawal Mr. Vijay Prasad Pappu Mr.Mohanlal Shah Mr. Rajesh Agrawal Mr. Mehmood Khan and Mr. Ananda Nago Umale agreed toconvert the business of the firm into a public limited company under the name and style of TexmoPipes and Products Limited under Section 566 of the Companies Act 1956. A fresh certificate ofincorporation and Certificate of Commencement of business was issued on July 3 2008 and July 282008 respectively by Registrar of Companies Madhya Pradesh & Chhattisgarh.To consolidate our operations we have signed Business Transfer Agreement (BTA) on August 5 2008and August 6 2008 for purchase of specified assets and liabilities of our three promoter group entitiesviz. Shree Balaji Industries Shree Venkatesh Industries and Shree Padmavati Irrigation PrivateLimited. The salient features of this Agreement are disclosed on page no. 81 of this Red HerringProspectus.Shree Mohit Industries started its operations in the financial year 1999-2000 with manufacturing ofPVC pipes viz. rigid PVC pipes PVC casing & screened pipes and caping and casing pipes. In thefinancial year 2001 it started manufacturing riser and plumbing pipe conduit pipe and PLB HDPECable Duct. Subsequently in the year 2003 they started manufacturing suction & delivery hose pipeelastomeric sealing ringfit PVC Pipe (Gasket Pipe) SWR Pipe HDPE plain pipe sprinkler pipe anddrip irrigation system.Presently we are engaged into manufacturing of wide range of PVC HDPE and suction hose pipesviz. suction & delivery hose pipe rigid PVC pipes elastomeric sealing ringfit PVC Pipe (GasketPipe) PVC casing and screen pipes SWR pipe riser and plumbing pipe conduit pipe caping casingstrips column pipe HDPE plain pipe sprinkler pipe PLB HDPE cable duct and drip irrigationsystem. The pipes manufactured by our Company suits the requirements of application inagriculture potable water supply schemes sewerage and drainage systems construction industrytelecom industry bore well for underground water suction etc. ranging in sizes from 20 mmdiameter to 315 mm diameters in all pressure ratings.Major events of our CompanyFinancial Year Event1999- 2000 Started as a partnership firm under the name Shree Mohit Industries. The partnership deed was signed on May 13 1999 between Ms. Rashmidevi Agrawal Mr Sanjay Agrawal and Master Mohit Agrawal Started manufacturing Rigid PVC pipes PVC Casing and Screen pipes and caping casing pipes The partnership deed dated May 13 1999 was dissolved and a new partnership deed dated August 1 1999 was signed between Mr. Sanjay Agrawal Ms. Abhadevi Ms. Rashmidevi Agrawal and Master Mohit Agrawal.2000- 2001 Received our first ISI licenses from The Bureau of Indian Standard to use the standard mark i.e. ?ISI?. 2001- 2002 Started manufacturing Riser and Plumbing pipe Conduit Pipe PLB HDPE Cable Duct The partnership deed dated August 1 1999 was dissolved and a new partnership deed dated April 1 2001 was signed between Ms. Rashmidevi Agrawal Mr. Sanjay Agrawal and Master Mohit Agrawal Accredited with ISO-9001:2000 certification in respect of our quality management systems from SGS United Kingdom Limited2003- 2004 Our permanently lubricated HDPE were approved by Bharat Sanchar Nigam Limited Bangalore. Started manufacturing suction & delivery hose pipe elastomeric sealing ringfit PVC Pipe (Gasket Pipe) SWR pipe HDPE plain pipe sprinkler pipe and drip irrigation system2005- 2006 Maharashtra Jeevan Pradhikaran enlisted our firm as an approved supplier of specified PVC pipes2006- 2007 Government of Maharashtra enlisted our firm for supply of specified pipes for Jalswarajya Project2007- 2008 Gujarat Water Supply and Sewerage Board approved our Company as the approved manufacturer (vendor) for supply of UPVC Casing and Screen pipes. The partnership deed dated April 1 2001 was dissolved and a new partnership deed dated June 25 2008 was signed between Ms Rashmidevi Agrawal Mr. Sanjay Agrawal Mr. Vijay Prasad Pappu Mr. Mohanlal Shah Mr. Rajesh Agrawal Mr. Mehmood Khan and Mr. Ananda Nago Umale2008- 2009 Converted into a Public Limited Company under the name Texmo Pipes and Products Limited on July 3 2008 Received Certificate of Incorporation Received the Certificate of Commencement of Business on July 28 2008 Taken over the specified assets and liabilities of Shree Balaji Industries Shree Venkatesh Industries and Shree Padmavati Irrigation Private Limited through Business Transfer Agreement Commissioning of Unit 2 at Bahadarpur Road Buharanpur Madhya Pradesh