Kings Infra Ventures Share price

The Company was incorporated on 23rd November 1987 as a PublicLimited Company with the Registrar of Companies Kerela atErnakulam and obtained the Certificate of Commencement ofBusiness on 15th February 1988. The Company is member of theKings Group of companies who are one of the major exporters ofmarine products. The Company was set up as part of the Group''splans for backward integration. The Company was amongst thepioneers in promoting the concept of Aquaculture in the countryand has by its experience developed a proven technology ofAquaculture suitable to Indian conditions.The Company had in 1988 set up an aqua farm and a shrimphatchery of 50 Million frys per annum spread over 126 Acres ofland at Ottapidaram Taluk. Pattanamaradur village Tuticorin.The Commercial production at the aqua farm commercial began inMarch 1990. The Company has achieved a production levelaveraging 8 tonnes/ha/crop. The financial performance of theCompany for the last 3 years as per the Audited Accounts of theCompany is as under:MAIN OBJECTS OF THE COMPANYThe main objects of the Company as stated in the Memorandum ofAssociation are as under1. To purchase breed raise produce or otherwise acquireinvest in own hold use lease mortgage pledge sellassign transfer or otherwise dispose oftrade deal with andpurchase manufacture produce make deal in and deal with anyand all articles or things manufactured produced resulting orderived in whole or in part from marine products whether to beused in breeding or as food or in commerce manufacture thescience the arts or otherwise.2. To setup lease take or let on hire Shrimp farms shrimphatcheries fish feed plants marine products processing andfreezing facilities.PRESENT BUSINESSThe Company is at present engaged in aquaculture operationsspread over an area of 126 acres at Tuticorin Tamilnadu with awater spread area of 70 Acres. The commercial production at theaqua farm commenced in March 1990. Using aquaculture thecompany produces Shrimps which are exported to various countriesusing the marketing network of the group companies. The Companynow proposes to expand the operations by adding another 50 acreswith a water spread area of 35 acres (14 Hectares).