मैट्रिक्स
 
 
नितिन स्पिनर्स > कंपनी इतिहास > Textiles - Spinning - Cotton Blended > कंपनी इतिहास का नितिन स्पिनर्स - बीएसई: 532698, NSE: NITINSPIN

नितिन स्पिनर्स

बीएसई: 532698  |  NSE: NITINSPIN  |  ISIN: INE229H01012  |  Textiles - Spinning - Cotton Blended

कंपनी इतिहास - नितिन स्पिनर्स
The Company was incorporated as a private limited Company on 
 15th October, 1992 under the Companies Act, 1956 in the state of 
 Rajasthan having the name Nitin Spinners Private Limited. 
 Subsequently, The Company was converted into a public limited 
 company on 15th November, 1994 and the name was changed to 
 Nitin Spinners Limited. The individual Promoters of our Company are 
 Mr. R. L. Nolkha, Mr. Dinesh Nolkha and Mr. Nitin Nolakha.
 
 The Company is presently engaged in the manufacturing of cotton 
 yarn and knitted fabrics.It has grown by undertaking expansions 
 at regular intervals to reach at our present capacity of 27216
 spindles, 
 1872 Rotors and 15 knitting machines. It has installed Plant & 
 Machineries imported from known textile machinery manufacturers like
 
 Rieter (Switzerland), Savio (Italy), Mayer & Cie (Germany), Elitex 
 (Czechoslovakia). It has  also installed Plant & Machineries
 purchased 
 locally from manufacturers like Laxmi Machine Works.
 
 The first unit was set-up in the year 1993 at Hamirgarh, Bhilwara
 (Rajasthan) for manufacturing coarse cotton yarns. It installed two 
 open-end spinning machines with 192 Rotors each aggregating 384 
 Rotors which were acquired from Elitex, Czechoslovakia under EPCG 
 scheme. The total capital outlay towards the project was Rs. 285.50 
 Lacs, which was financed by way of a Term Loan of Rs. 150 Lacs from 
 RIICO, Equity Share Capital of Rs. 86 Lacs from Promoters, Unsecured
 
 Loans of Rs. 14.50 Lacs from Promoters and State Subsidy of Rs. 35 
 Lacs. The commercial production of this project was commenced in
 November 1993.
 
 Subsequently in the year 1994, it undertook our first expansion 
 project involving installation of one Autoconer Machine of 216 Rotors
 
 from Schlafhorst AG & Co., Germany and increased the number of 
 Rotors to 600 . The total capital outlay towards this project was 
 Rs. 400 Lacs, which was financed by Rupee Term Loan of Rs. 84 
 Lacs and Foreign Currency Loan of DM 905,000 equivalent to Rs.185 
 Lacs from ICICI, Equity Share Capital of Rs. 20 Lacs and Rs. 56 Lacs
 
 from RIICO and Promoters respectively and Internal Accruals of Rs. 55
 
 Lacs. The commercial production of this expansion project was 
 commenced in May 1995. 
 
 It undertook our second expansion project  in the year 1996-97. The 
 expansion project involved acquisition of two  Autoconer open-end
 spinning 
 machines of 240 Rotors each from Schlafhorst AG & Co., Germany, 
 increasing our capacity to 1080 Rotors. The total capital outlay
 towards this 
 project was Rs.1,100 Lacs, which was financed by Foreign Currency
 Loan
 of DM 13,50,000 equivalent to about Rs.324 Lacs & Rupee Term Loan of
 
 Rs. 336 Lacs from IDBI, Equity Share Capital of Rs. 200 Lacs from
 Promoters 
 and Internal Accruals of Rs. 240 Lacs. The project was implemented
 ahead 
 of schedule and commenced commercial production from 05th October,
 1997 
 as against the expected schedule of January 1998.
 
 It undertook the company's r third expansion in the year 1998-99. The
 expansion 
 scheme involved two open end spinning machines of 384 Rotors from
 Elitex, 
 Czechoslovakia. The total capital outlay of the project was Rs.190
 Lacs, 
 which was financed by way of Term Loan of Rs.140 Lacs from RIICO, and
 
 Rs. 50 Lacs from Internal Accruals. The expansion was carried out
 mainly for 
 balancing of excess capacity available at preparatory stage. The
 machines 
 were installed in September, 1998.
 
 Based on growth in export performance, The Company was converted into
 100% 
 Export Oriented Unit (EOU) from 15th January 1999. It has been
 awarded 
 export house status by Government of India in the year 1999.
 
 It undertook our fourth expansion project in the year 1999. This
 expansion 
 project involved installation of 14,112 spindles to produce combed
 and carded 
 cotton yarns of 20s to 40s count. At this expansion phase, it also
 went for 
 forward integration programme by installing 7 knitting machines. The
 total capital 
 outlay of the project was Rs. 5,018 Lacs. The project was financed by
 way of 
 Rupee Term Loan of Rs.3,601 Lacs from the following banks: IDBI -
 Rs.1665 
 Lacs, IOB - Rs.775 Lacs, OBC - Rs. 608 Lacs and PNB - Rs.553 Lacs;
 Equity
 Share Capital of Rs.850 Lacs from Promoters, Unsecured Loan of Rs.50
 Lacs
 from Promoters and Internal Accruals of Rs. 517 Lacs. The entire
 project was 
 financed under Technology Upgradation Funds Scheme (TUFS) of
 Government 
 of India. The commercial production of this expansion project was
 commenced 
 on 1st April 2002. In order to augment long-term working capital
 requirement of 
 our Company arising due to this expansion project, IDBI sanctioned
 financial 
 assistance of Rs.150 Lacs by way of subscription to 1,50,000 13.5%
 Cumulative 
 Redeemable Preference Shares of Rs.100 each, which was subsequently
 reduced to 10.25% on 1st June 2004.
 
 It undertook our fifth expansion project in the year 2003.The total
 capital 
 outlay of this project was Rs. 3,550 Lacs. This expansion project
 envisaged 
 addition of 13,104 spindles and 6 knitting machines. The project was
 financed 
 by way of Equity Share Capital of Rs. 700 Lacs from Promoters;
 Internal Accruals 
 of Rs. 400 Lacs and Term Loan from IDBI, OBC, PNB and IOB aggregating
 
 Rs. 600 Lacs, Rs. 400 Lacs, Rs. 750 Lacs and Rs. 700 Lacs
 respectively. 
 This project, which was expected to be completed by September 2005,
 was
 actually completed before time in November 2004.
 
 It undertook Its sixth expansion project in February 2005. This
 expansion 
 project involved addition of 408 Rotors and 2 knitting machines. The
 capital 
 outlay of this project was Rs.250 Lacs, which was financed from
 internal accrual.
 
 Thus, within span of 12 years,it has increased the company's 
 production facilities from 
 384 Rotors in year 1993 to present production facilities of 27216
 spindles, 1872 
 Rotors and 15 knitting machines.
 
 The company's  products are suitable for applications such as
 apparels, undergarments, Terry 
 Towels, Denims, Medical Fabrics, Furnishing Fabrics and Industrial
 Fabrics. The Company's
 products are presently sold in the domestic market as well as
 exported to various 
 countries like Australia, Bahrain, China, Colombia, Egypt, Israel,
 Italy, Korea, 
 Mauritius, Russia, Poland, U.K., U.S.A., etc. Some of our major
 international 
 customers are Arad Towels and SVAV-OR Ltd. (Israel), EDPA (USA),
 Gobind & Co. 
 and City Styles (LEIC) Ltd. (UK), Emi-Maglia S.p.a. (Italy), Hong
 Kong Shanghai Knit 
 Factory Ltd. (Mauritius), Zheing Feng Weaving Factory (China), OOO
 Transexport 
 (Russia), Sharda Europe SP. ZO.O (Poland), MT Sullivan and Co.
 (Australia).
 
 The company's major Indian customers includes Arvind Mills, Adani
 Exports Ltd., Modern Denim  Ltd., Maral Overseas Ltd., Ginni
 International Ltd., Vanasthali Tex. Ind. Ltd., Datt 
 Mediproducts Ltd., Sheena Textiles Ltd., Lahoti Overseas Ltd. and L.
 M. Sagar 
 Exports.
 
 2009
 
 - Nitin Spinners Limited has informed that: The IDBI Bank Ltd. vide
 its Letter No. SS-1C9.53/596/Nom.8 dated 07-02-09 has appointed Shri
 Saumya Sanker Banerjee, General Manager as Nominee Director of our
 Company in place of Shri B.P. Singh w.e.f. 21-02-2009.
 
 2014
 
 -Dr. R. Chattopadhyay and Smt. Aditi Mehta has joined Board of the
 Company as Additional Director 
 -Nitin Spinners - Financial Closure of Rs. 286 Crore Expansion
 Project
 The Comapny has recommended dividend @ 7.50% i.e. Rs. 0.75 per share
 for the financial year 2013-14
 
 2015
 -Nitin Spinners gets Award for Export Excellence from Rajasthan
 government.
 -Nitin Spinners gets Award for Energy Conservation.
 
 2016
 -Nitin Spinners has been awarded followings by The Cotton Textiles
 Export Promotion Council: *Bronze Trophy for the third Highest
 Exports of Cotton Yarn Counts 50s and below under category II for
 achieving exports turnover of Rs. 434 Crores during the F.Y.
 2015-16.
 *Bronze Plaque for the Third Highest Exports of Grey Fabrics under
 Category I for achieving exports turnover of Rs. 50 Crores during the
 F.Y. 2015-16.
 *Sh. Dinesh Nolkha, Managing Director of the Company received awards
 from Commissioner of Textiles at a function held in Mumbai on October
 21, 2016.
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `436 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `929 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `1244 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `744 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स ऑप्शंस में `137 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `358 Cr की खरीदारी की
  • MS ON WIPRO : Underweight रेटिंग, लक्ष्य घटाकर `230/Sh
  • JEFFERIES ON WIPRO : Underperform रेटिंग, लक्ष्य घटाकर `218/Sh
  • CITI ON ACC : BUY रेटिंग, लक्ष्य घटाकर `2150/Sh
  • CLSA ON ACC : BUY रेटिंग, लक्ष्य `2050/Sh

अभी देखें

आखिरी सौदा

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

Powerful mix of both trader and investor packs with timely expert advice.

Technical

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental

For all investors looking to unearth stocks that are poised to move.