Unique Organics Share price

The company was incorporated as limited company on 13thJanuary ''1993 by Shri Jyoti Prakash Kanodia S.M. Parekhand others for setting up manufacturing facilities forspice oil spice oleorsins and spice powder and has startedtrial production from June ''94 and commercial productionfrom October ''94.The Company intends to expand ifs operations by setting uptwo additional lines as mentioned elsewhere in thisprospectus.For the proposed expansion the Company has taken foflowingeffective steps as on 31.03.951. The Company has sufficient land for expansion at itsexisting unit.2 It has identified the suppliers for plant & machinery andother major equipments and has placed the orders andadvanced a sum of Rs 125 lacs to the suppliers. Some of theequipments have already arrived at site.3. The promoters have brought it a sum of Rs.160 lacs aspromoters contribution towards the Equity Capitaland spenta sum of Rs. 144.88 lacs on the project.4. Term loan of Rs. 25 lacs has been sanctioned by RIICOvide letter no.lDD 1(575) dated 11.01.95.5. RIICO has agreed to subscribe to an extent of Rs. 25lacs the Equity of the Company vide their letter ofsubscription No.IDD 1(575) dated 05.01.95 and 18.01.95.6. Bank of Baroda has inprincipal sanctioned a sum of Rs.108 lacs & 162.82 lacs for working capital requirments for1995-96 & 1996-97 respectively vide their letter No.95/22dt.10.01.95Main objects of the CompanyThe main objects of the Company are fully set out in theMemorandum of the Association of the Company inter aliainclude the following :1. To carry on the business of import export purchasesale production preparation manufacture crushersgrinders processors and dealers of all kinds of spices &that of oil spice oil celoresinsvegetable oil of everytype hydrogenerated dehydrated deodorised or otherwiseand oil seeds oil cakes and other vegetables productsincluding vegetabe productsincluding vegetable ghee alliedproduct by-products and substitute for all or any of themand to treat and utilise any waste arising from any suchmanufacture production or process whether carried on bythe company or otherwise and deal in containers made oftin piastic steel and other substitute for packing of theabove meterials.2. To manufacture import export establish deal purchaseand sell in all kinds and types of spices food and fruitproducts of every description like fast food baby foodsprecooked foods canned fruits and foods canned vegetablespices fruit concentrates fruit pulps fruit jamsjellies fruit drinks beverages beverages concentratesand all other types or preparation from spices andvegetable and all types of packaged and ready to serve foodproducts.PRESENT SUSINESSThe company is engaged in manufacture and export of spiceoil spice oieornisns and spice powder. The commercialproduction started from October 1994 and the company hasstarted exporting its products from December 1994. Thecompany has exported Chilli Oleoresins of the Value of Rs.92.16 lacs by 31st March ''95.