SUVIDHA INFRAESTATE CORPO Share price

The Company was incorporated as a Public Limited company on the 21st January 1992 with the Registrar of Companies Gujarat Dadra and Nagar Haveli at Ahmedabad. The Certificate of Commencement of Business was obtained on the 29th January 1992.Meanwhile Polson Limited a Company which is well-known for the dairy products filed a case against the Company over the use of its trade name. A temporary injunction was passed by the Delhi High Court thereby restraining the Company from entering the capital market under its former name. The Company has now changed its name to Dairyfield Limited and the temporary injunction has been vacated by the Delhi High Court vide its order dated the 26th October 1994. A fresh Certificate of Incorporation was obtained by the Company in the name of Dairyfield Limited on the 21st October 1994.The change of name has been approved by the Government of India Ministry of Law Justice and Company Affairs Department of company Affairs vide their letter No. 16978/TA/93-94 dated the 1st October 1994.The Company proposes to set up a Dairy for processing of 2 lac litres of milk per day and for the manufacture of cheese butter skimmed milk powder Ghee and Shrikhand.PAST FINANCIAL PERFORMANCE (Rs. in lacs)------------------------------------------------------------ 1994-95* 1/4/95 TO F.Y 31.3.95 15/5/95------------------------------------------------------------Sales 25.50 46.88PBDIT 2.78 6.66Interest 3.80 4.08Depreciation 1.85 1.88PBT (2.88) 0.69Tax -- --PAT (2.88) 0.69Share Capital 324.45 324.45Reserves -- --Share Appt. Money 153.43 164.18EPS -- 0.12Book Value per Share (Rs.) 10.00 10.00Capacity utilisation 3.66% 4.05%Litres processed 330590 365125------------------------------------------------------------* The Company has commenced processing of milk in February 1995.MAIN OBJECTS OF THE COMPANYThe main objects of the Company as laid out in the Memorandum of Association of the Company are as under:"1. To carry on the business as dealers in and purchasers of dairy farm and to produce all kinds and in particular milk cream butter Ghee cheese poultry eggs fruits vegetable oils vegetable ghee artificial ghee table delicacies loaves bread and manures."SUBSIDIARIES:The Company at present does not have any subsidiary.