RELAXO FOOT Share price

The company was incorporated on 13th September 1984 as aPrivate Limited Company. The company was subsequentlyconverted into a Pubic Limited Company on 31at March 1993.RELAXO FOOTWEARS LTD. is a marketing company of the RelaxoGroup and at present it is closely held.The Company markets the products of group concerns and in1993-94 marketed 13.25 million pairs an elaborated below : (in million pairs)---------------------------------------------------------- Upto Nov ''94 1993-94 1992-93 (8 month period)----------------------------------------------------------Hawai & Light weight Chappals 9.05 12.22 11.07Canvas & other shoes 0.74 1.03 0.90----------------------------------------------------------Total 9.82 13.25 11.97----------------------------------------------------------The Hawai & Light weight chappal Industry comprises ofabout 30 units in the organised sector and a number ofsmaller units in the unorganised sector. It is estimatedthat both these sectors together produce about 550 millionpairs per annum. The contribution of organised sector isabout 50% in this production.There is a demand and supply gap of about 150 million pairsper annum. In veiw of this the company is selling upmodern plant to manufacture 50000 pairs of Hawai &lightweight Chappals per day on two shift basis under thepresent project. The Company will continue its marketingfor products of group concerns even after commencing itsown manufacturing activities.The Group comprises of five different manufacturing unitswith total factory space of over 120000 sq.ft. over 1100employees in different disciplines and has a network ofover 200 distributors and 20000 dealers. The groupmanufactures Rubber Hawai Chappals Canvas Shoes sportsshoes casual shoes leather shoes and light weightchappals. Its total daily production of all footwear isapprox. 50000 pairs per day of which approximately 90% aHawai & Lightweight Chappals - a segment in which the groupis one of the top manufacturers in India.M/S Relaxo Rubbers which is a partnership firm of Mr. R.K.Dua (HUF) Mr. M.C. Dua (HUF) and Smt. Usha Dua startedits business in 1979. The firm is engaged in manufacturingof light weight rubber chappals and allied rubber products.Relaxo Rubber Ltd. was incorporated in the year 1982 andstarted its'' operation from 1st October 1984. The companyis engaged in the production of rubber footwear.Patel Oil Mills is also a partnership firm of Mr. MukundLal Dua and Mr. Ramesh Kumar Dua which commenced itsoperation in the year 1985. The firm manufactures HawaiChappals Canvas Shoes and allied rubber goods.Looking at the rising demand of leather products RelaxoInternational a partnership firm of Mr. Mukund Lal Dua andMr. Ramesh Kumar Dua was formed which started its'' businessin 1991.Nu-Wave Shoes a proprietorship firm and mainly engaged inmanufacturing of PVC footwears with a small production ofrubber and canvas shoes.Gumber Dyeing & Printing Works a partnership firm of Mr.M.L. Dua & R.K. Dua started its business in 1991. Thefirm is mainly engaged in mixing rubber compounds andpacking the finished goods of Relaxo Rubbers.