NANDAN DENIM Share price

HistoryThe Company is promoted by Shri Vedprakash D. Chiripal and Shri.Brijmohan Chiripal on August 9 1994 as a Private Limited Company formanufacturing trading and export of textile products. Though it wasincorporated in the financial year (FY) 1994 the actual operationscommenced only during FY 1999. Since then the Company is making profitand growing steadily. The Name of the Company was changed to NandanExim Limited w.e.f January 16 2004.The Registered Office of the Company is Located at Survey No. 198/1203/2 Saijpur-Gopalpur Pirana Road Piplej Ahmedabad - 382405. TheRegistered Office of the Company was earlier located at 283 New ClothMarket Ahmedabad 380 002 and was shifted to the current locationw.e.f. January 17 2004. The Corporate Office of the Company is locatedat "Chiripal House" B/h Arjun Tower 132 Ft. Ring Road ShivranjaniCross Roads Satellite Road Ahmedabad - 380015.The Company is managed and controlled by Chiripals headed by Shri.Vedprakash D. Chiripal who has wide experience in the field ofmanufacturing trading export of textile products. The Board ofDirectors and professionals having experience in their respectivefields duly support him. The Company as a whole has well laid downorganizational structure and delegation of authority at each level.The group is doing reasonably well on account of the quality of itsproducts marketing network as well as the broad customer base createdover the years. With its infrastructure/production facilities at theirgroup companies (Nova Petrochemicals Ltd Chiripal Petrochemicals LtdVishal Fabrics Pvt. Ltd and Shanti Processors Ltd) backed by technicalcompetence the Company is setting up a plant for manufacturingfinished Denim Fabrics and weaving of Grey Fabric (of which 40% wouldbe sold in the domestic market and balance 60% will be converted toBottom Weight Cloth and other processed fabrics at GroupCompany's/outside process houses). The Company proposes to export theentire quantum of Finished Bottom Weight Cloth and other processedfabrics.