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Shree Krishna Paper Mills & Industries Ltd. Company History and Annual Growth Details

1972 - The company was incorporated on 14th September, as a private
limited company in the name of Shree Krishna Paper Products Pvt.
Limited and was converted into a public limited company on 2nd
July 1986. The name was changed to Shree Krishna Paper Mills &
Industries Ltd. effective 22nd October 1986. The company's
object is to manufacture coated, fax papers and others.

- It was promoted by Bishwanath Pasari, Bihay Kumar Pasari and N.K.
Pasari. The company's products viz. single/double side coatings
special purpose coatings are marketed under the brand name
`Silver Cote` and `Sensocote` and super sensocote.

1974 - The company took over a paper unit located at Bahadurgarh from
M/s. Bansal Paper Mills and thereafter undertook a major
modernisation programme. To increase speed and efficiency, the
company undertook an in-house. R&D for modification and
upgradation of existing machines to increase speed, capacity
and efficiency. The capacity over the years was increased to
12000 TPA. The company acquired the complete manufacturing
facilities, including land, factory etc. from M/s. Bhargava
Papers (P) Ltd., Dadri, Ghaziabad, UP from UPFC and PICUP. This
was profitably disposed of to concentrate and undertake
diversifications of the Bahadurgarh units.

1996 - Turnover declined to Rs.31.12 crores due to unprecedented fall
in the price of coated paper causing pressure on the margins due
to abundance of imported coated paper. The company was
successful in reducing the cost of production by adopting latest
technology in coating industry and also reducing production loss
and thus increasing efficiency.

- The company undertook to set up a new plant to manufacture
thermal sensitive paper (Fax paper) with an installed capacity
of 2000 tpa. Land admeasuring 2800 sq. mtrs. was acquired
adjoining the existing land at Bahadurgarh.

- The company entered into an exclusive technology transfer
licencing agreement with M/s. Hensol Paper Co. Ltd., South Korea,
for manufacture of thermal sensitive fax paper for use in G-3
facsimile and for sale in India, Pakistan, Bangladesh etc. The
collaborators were to provide technical assistance know-how etc.
They were to be paid a fee of US $250,000 and a running royalty
of 4% on the net sales for 10 years after start of commercial
production further a cess @ 5% on the remittances was payable to

- 45,16,680 No. of equity shares of Rs.10 each allotted to
promoters. 23,35,000 No. of equity shares of Rs.10 each were
issued at a prem. of Rs.15 per share through a prospectus in July
1995 of which 5,85,000 No. of equity shares were reserved and
allotted to promoters, directors, their friends and relatives.

- Of the remaining 37,000 shares were reserved for allotment on a
preferential basis to employees of Shree Krishna Paper Mills &
Industries Ltd. Balance 17,13,000 shares issued to the public.

-Restructure of Authorised Share Capital from existing Rs 200 million comprising of 20 million equity shares of Rs 10/- each be and is hereby restructured so as to consist of 150 million equity shares of Rs 10/- and 0.50 million preference share of Rs 100/- aggregating to Rs 50 million.

- The Company has been certified as ISO '9001-2000 Company.

-The Registered Office of the Company was changed from 16, India Exchange Place, Kolkata - 700001 (W.B.) to 4830/24, Prahlad Street, Ansari Road, Daiya Ganj, New Delhi - 110002.