WATERBASE Share price

The Company was incorporated on 23rd November 1987 at Calcuttawith the Registrar of Companies West Bengal and obtained theCertificate of Commencement of Business on 10.2.1988. TheRegistered Office was shifted to New Delhi in 1990 and subsequently to the factory premises at Ananthapuram Village. NelloreDistrict vide CLB Order No.174/17/94 dated 15th September 1994.The Company''s name was changed from THAPAR WATERBASELIMITED to THE WATER BASE LIMITED and a fresh Certificate ofincorporation dt.12.2.1992 was issued by the Registrar ofCompanies Delhi & Haryana. The Companies manufacturingoperations are at Ananthapuram Village Nellore District.The Company set up a 100% integrated aquaculture export orientedunit consisting of hatchery farm feed mill and process plant in1993. The cost of this project as appraised by Industrial FinanceCorporation of India in December 1991 was Rs.4250 lakhs. Thecompany made a public issue of equity shares of Rs.10/- eachfor cash at par to the extent of Rs.200 lakhs and 15% PartlyConvertible Debentures of Rs.100/- each for cash at par aggregatingRs. 380 lakhs in June 1992. The issue was oversubscribed by 24.6times.The project was to commence production in phases by July 1992.But due to modification of the water intake system there was adelay in commercial production to July 1993 and a resultantadditional cost of Rs.700 lakhs The company has adopted thesystem of direct intake of water from the sea for the farm andhatchery which is the first of its kind in the country.The company commenced trial production in January 1993 anddates of commercial production of the integrated aquaculture unitare as below:Hatchery 01.07.1993Process plant 01.09.1993Feed plant 01.12.1993Farm 01.01.1994The Company commenced its operations in phases as above andat the four operating units have been functioning together from 1stJanuary 1994.PRESENT BUSINESSThe Company is running an 100% integrated aquaculture exportoriented unit consisting of hatchery grow-out farm feed milland process plant. The hatchery is capable of producing 70million prawn seeds per annum The grow out farm has a waterspread area of 110 hectares and climate is suitable forachieving two harvests a year. The process plant has an annualcapacity to process about 1712 MT. of prawns on a single shiftbasis. The feed plant is cap of manufacturing 15000 MT. of feedper annum.SUBSIDIARY COMPANIESThe Company does not have any subsidiary company.