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Santaram Spinners Ltd. Company History and Annual Growth Details

M/s. Santaram Spinners Limited was originally incorporated
as a Private Limited Company on 17th September, 1983 and
was subsequently converted into a Public Ltd. Company on
20th December '94 . The Company is promoted by Mr. Kalyan
J.Shah. It is an existing, profit making and dividend
paying company and is presently engaged in the manufacture
of coarse Cotton Yarn on open end spinning process of
various counts with an installed capacity of 10.80 lac kg
per annum. The commercial production of the unit started
on 5.1.1988. The plant is located at Survey No. 1433,
Vill. Rajpur, Taluka Kadi, Distt. Mehsana, Gujarat. The
unit had been sanctioned various loans by GSFC,the details
of which are as under:

1. In January 1985 for Rs. 30.00 lacs,

2. In March 1990 for Rs. 29.54 lacs

3. In April 1991 for Rs. 34.01 lacs.

The Unit has been recently sanctioned a term loan of Rs.
228 lacs jointly by GSFC and GIIC. Term loan sanction from
GSFC is under their Gold Card line of Credit.

There was no commercial activity in the company since its
incorporation. The Company started commercial production
from 5.1.1988. Brief performance highlights are given

(Rs. in lacs)
1987-88 1988-89 1989-90

Total Income 8.38 55.74 70.39
PBDIT 3.74 23.74 25.33
Net Profit (13.80) 7.48 8.13
Share Capital 14.25 14.25 14.25
Reserves and Surplus 3.49 4.49 16.26
EPS (Rs.) 9.68 5.25 5.70

The Company has been able to consistently maintain high
levels of capacity utilization, and after establishing
itself in the market, it now proposes to go in for
expansion mainly to make full utilization of the existing
infrastructure, to cater to the unsatisfied demand of the
existing clients, to meet export orders which are normally
in large size and to reap the benefits of economies of