VALSON INDUSTRIES Share price

Valson Synthetics Ltd (hereinafter referred to as VSL) was incorporated on 2nd June 1983 as a private limited Company and was converted into public limited Company on 27th September 1994 consequent to which Certificate of change of name was obtained from the Registrar of Companies Maharashtra at Bombay on 7th November 1994. The Company has received registration for Texturising Twisting and Conning of Yarn from the Secretariat for Industrial Approval Department of Industrial Development Ministry of Industry Government of India under Reference No. 4333/SIA/IMO/93 dated 27th December 1993 for Silvassa unit and the Company has also received licence from Directorate of Industries. Government of Gujarat no. 24(246)14A dated 5th April 1989 for dyeing facility at Vapi unit.VSL is an existing profit making dividend paying eleven year old Company involved in texturing twisting dyeing and conning of yarns. The Company commenced dyeing and conning operations in Vapi in 1984 and went on for backward integration to set up texturising and twisting unit in Silvassa in 1993. Silvassa was selected for the backward integration plans owing to the tax benefit advantages available to the Company.The Company today has a wide range of polyester dyed yarn with strong market acceptance and a niche position for new shades and grades. The Valson products are marketed under the brand name of VALSON which includes a wide range of exclusive shades introduced in the market by the Company on a continuous basis. The Company has a strong research team for development of new shades in its own well equipped laboratory.The Company is presently planning to expand its capacity for texturising and twisting from 40 tons to 100 tons per month and dyeing and conning capacity from 60 tons to 100 tons per month. This will also balance the in house capacity of the Company for all the four processes. The Company has already set up the texturising plant which went on stream in November 1994.The expansion project has been planned at a total cost outlay of Rs. 626 Lacs which has been part funded by ICICI to the extent of Rs. 200 lacs. The project for expanded capacities is under implementation & would be fully ioperational by October 1995.