Avon Corporation Ltd Share Price

Summary

Avon Weighing Systems Pvt Ltd was incorporated on 04/03/1999. The main objects of the Company in brief were to 1) to acquire the business of Avon Enterprises and 2) to carry on the business of manufacturing, assembling all kinds of weighing instruments etc.In the year of 1995, a young first generation entrepreneur Mr. Pankaj Saraiya promoted a partnership firm (Avon Enterprises). During its first year of operations Avon Enterprises was engaged in the dealership of Sartorius (Germany) range of weighing balances mainly used in Diamond industries. Sartorius is one of the major manufacturers of various kinds of electronic weighing balances/systems in the world. In the beginning of 1996, A&D Company Japan (A&D), one of the major weighing systems producer in the world, appointed Avon Enterprises as itsIndian distributor.Avon is the authorized dealer and one of the distributors of Tanitas weighing systems in India. M/s A&D Company Ltd. (A&D), Japan and Tanita Corporation (Tanita), Japan both are weighing scale manufacturers in the world in their range of products. A&D balances are particularly used in industries where precision weighing is critical; e.g. gems and jewellery, pharmaceuticals and chemicals, research and development laboratories, defense, etc. Presently Avon is also carrying assembly work as per clients requirement after importing all the parts from A&D and Tanita. To improve the margin, the Company now proposes to enter into the business of manufacturing of weighing sy
Read More