Unick Fix-A-Form And Printers Share price

Unick Fix-a-Form and Printers Limited was incorporated on18th March 1993 as a Public Limited Company in the Stateof Gujarat under the name Unick Fix-a-Form and Lables Ltd.The certificate of commencement of business was obtained on24th March 1993 Two Private Limited Companies of the samegroup namely i) Unick Fix-a-Form Private Limited and ii)Unick Labels and Print Private Limited were amalgamatedwith the company with effect from 1st April 1993.Subsequently the name of the company was changed to UnickFix-a-Form and Printers Ltd. on 12-10-94 U/S 21 of theCompanies Act 1956.Unick Fix-a-Form and Printers Limited manufacturesFix-A-Form which is an internationally patented product.The company is the sole licencees for manufacture ofFix-a-Form in India. Fix- a-Form is a unique packagingconcept based on state of art printing and alliedtechnology. The Company also manufactures printingmaterials of various types for product packaging. On thecompletion of the proposed expansion the Company will beable to manufacture business forms computer stationery andother printed product packaging materials. The presentinstalled capacity of the company is 180 Lacs pieces. Atpresent the Company is having all inhouse facilities formaking Fix-a-Form as well as product packaging materials.The Group company Unick-Fix-A-Form Pvt Ltd wasincorporated in 1984 with an object of manufacturingFix-A-Form. The Company is having a consistent record ofprofitability. The other group company Unick Labels andPrint Pvt. Ltd was incorporated in 1988 with an object ofhaving inhouse printing facilities. The Company is alsohaving a consistent record of profitability.The company proposes to expand its operations substantiallyas the product has high growth prospects and demand thisis substantiated by the market survey conducted by ABCConsultants Pvt. Ltd.SCHEME OF AMALGAMATIONUnder the Scheme of amalgamation approved by Gujarat HighCourt on 11th July 1994 224 shares of Rs. 10/- each ofUnick Fix-a-Form and Printers Limited were issued for every1 share of Rs.100/- each of Unick Fix-a-Form PrivateLimited and 129 shares of Rs. 10/- each of Unick Fix-a-Formand Printers Limited were issued for every 1 share ofRs.100/- each of Unick Labels & Print Private Limited.