SHAKTI PRESS Share price

Shakti Press Limited a new company incorporated on 10th May 1993 as a Private Limited Company & subsequentlyconverted into Public Limited Company by passing a SpecialResolution Dtd.23rd March ''1994 and obtained a certificateof change of name on 7th April 1994 from ROC Bombay. Itproposes to set up a unit with Offset printing facilitiesfor the manufacture of labels wrappers cartons with or without corrugation etc. to be used in packaging ofvarious consumer durable needing effective packaging atU-116 MIDC Area Hingna Rd. Nagpur Dist. Nagpur. Theinstalled capacity of the unit would be 321 millionimpressions of printing per annum based on 2 shifts and 300working days.The Company also proposes to set-up Varnish Coating Foil Stamping and Embossing facilities along with the printing facility to meet various requirements of customers.The Company has already acquired Land and the civil works have been completed to the extent of 90%. The Company has started trial production and the income for the year upto 15th October 1994 is Rs.16.44 lakhs.The progress made and status of the project as on October 94 is as under1. Land : Already acquired2. Building : Completed3. Site Development : Completed4. Tying up of means of Finance : Completed5. Pollution Control Board approval : Obtained6. MSEB Power Sanction : Obtained7. MIDC Water Connection : Obtained8. Placement of Machinery orders : Balance Machinery to be ordered9. Procurement of Raw Material : Already started10. Recruitment of Personnel & Staff : Already started; to be completed by Jan.9511. Commercial Production : Expected by Jan 95