Nuway Organic Naturals India Share price

The Company was incorporated on 10th July 1995 as a PublicLimited Company under the name and style of M/s. MohindraPaper Limited with an object to carry on the business ofmanufacturers and dealers of all kind and classes of paperduplex board pulp and allied products etc. The Companyobtained certificate of commencement of business on 11thJuly 1995. After incorporation of the Company thepromoters analysed various alternatives of putting up theproject in trading of all type of papers Duplex BoardCraft papers Tissue papers Mill Board Wall papersCorrugated Board Grey Board 3-Colour Board Railwayticket Board etc. in the local and International market.The Company has finalised the land at village Gaunspur nearHumbran Distt. Ludhiana (Punjab) and a part of conveyancedeed has been dully executed and registered in favour ofthe Company for the construction of godown out of Octroilimits of Ludhiana. The estimates of all the fixed capitalexpenditures has been obtained. The company has also takenon its board Mr. P.D. Keshri who is having 30 years richexperience in paper industry. The Company has obtainedestimates for construction of godown and office Block fromMr. Radhe Shyam Sharma architect. Mainly The company isplanning to import waste papers which is used by paperindustries as a basic raw material. Waste paper isavailable in Foreign market in abundance as the paperindustry being highly polluting industry and most of thepaper unit in Foreign Countries are being forced to shutdown because of the stringent pollution controlregulations. Because of these reasons the waste paper isnot consumed by the local industry (in Foreign Market) andis lying in abundance and available at highly competitiveprices for the above purpose. One of the NRI director Mr.Ravinder Paul Mohindra who has settled in U.K. will lookafter the procurement and shipment of the waste paper. Mr.Rajinder Paul Mohindra Director of the Company has alsovisited U.K for preliminary discussions with the ForeignSuppliers.The company is also planning to export paper to underdeveloped countries like Bangladesh Sri Lanka MaurtiousIran etc.. The company has already made connections inBangladesh regarding Export of paper and Duplex board.