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Sri Lakshmi Saraswathi Textiles (Arni) Ltd. Company History and Annual Growth Details
Sri Lakshmi Saraswati Textiles (Arni) Ltd. is a Madras based company engaged in the manufacture of cotton yarn.
In 1994-95, it earned a sales income of Rs 56.24 crores and profit after tax of Rs 2.08 crores.
Production during the year was 49.84 lakhs kgs as against 48.32 lakhs kgs in the previous year. The quantity and value of sales during the current year were 51.38 lakhs kgs and Rs. 6553.00 lakhs as against 48.30 lakhs kgs and Rs. 6131.47 lakhs respectively in the previous year. The increase in production is 3.15% and increase in sale value is 6.87%. During the year the export sales amounted to Rs. 3129.60 Lakhs as against Rs. 2107.96 lakhs in the earlier year maintaining the increasing trend.
The company has therefore prepared a modernisation scheme to be implemented at an estimated cost of Rs. 552 Lakhs for which IFCI has already sanctioned a Foreign Currency Loan of DM 1,813,237 equivalent to Rs. 400 Lakhs. The scheme envisages acquisition of 2 Cards, 2 Speed Frames, 1 Cheese Winder and 5 TFOs indigenously and import of I Unilap, 3 Combers, 3 Autoleveller Drawframes and 1 Autoconer. Out of the above 1 Cheese Winder and 2 TFOs have already been installed and balance equipments will be received and installed shortly.
-The Company recommended a dividend of 15% on the paid up equity capital of the company.
-The Company recommended a dividend of 15% on the paid - up equity capital.
-The Company has recommended a dividend of 15%.
-The Company has recommended a dividend of 15% for the year.
-The Company created the E-mail ID of the grievance redressal division / compliance officer exclusively for the purpose of registering complaints by investors.
-Sri R Sambasivan has been appointed as a Additional Director of the Company.
-Board has recommended a dividend of 10% on the paid-up equity capital of the Company for the year 2014.