Royal Cushion Vinyl Products Ltd Share Price Royal Cush. Vin.

4.68

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Chairman & Managing Director Mahesh K Shah
Non Executive Director Jayesh A Motasha
Independent Director Avani Jolly Pandit
Independent Director Harsha Mukesh Shah
Company Secretary Nivedita Arun Juvatkar

Incorporated on 21 Nov.83, Royal Cushion Vinyl Products was promoted by the Shah and Motasha families. The companys factory at Baska (Halol), Gujarat, manufactures and markets cushion vinyl floorings with emphasis on multi-colour combinations, contemporary designs and additional properties like sound insulation, and varying thicknesses for temperature differentiation.The companys expansion of production capacity from 44 lac sq mtr to 88 lac sq mtr pa (cost: 8 cr) commenced operations from Sep95. Its diversification into the manufacture of PVC calender products (cost: Rs 54 cr) has started operations. It comprises 2 calender lines, both with different configurations, to produce versatile quality PVC calender products with a capacity of 10,000 tpa for each line. The company made a rights issue of zero-interest FCDs for cash at par in May 95 to augment the long-term working capital for the calender line at Savli and the printing line at the Halol project. The company obtained ISO-9002 certification in 1997 for its plant for manufacturing 2 metre width Cushion Vinyl Flooring (CVF). Company installed & Commissioned new machineries, which was imported from Germany for producing 3-4 Mtr. Cushion Vinyl Flooring (CVF) at Garadhia. In view of the accumulated losses the company made a reference to the BIFR for determining the measures to be adopted for revival of the company. The Board has appointed IDBI as the operating agency and the appraisal in in progress. Since the future for this very bright the company is planning to double the production for export market.

REGISTERED OFFICE

60 CD Shlok Govt Indus Estate,
Charkop Kandivali (West),Mumbai,
Maharashtra-400067

Tell. : +91-22-32655828/28603514
Website : http://www.natroyalgroup.com
Email : deepti.sheth@natroyalgroup.com

REGISTRAR OFFICE

21 Shakil Niwas,
Andheri (E),Mumbai - 400 093
INDIA

Tell. : +91-22-28262920
Website : www.unisec.in
Email : info@unisec.in