S B & T International Limited
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BSE Code:
513583
NSE Code:
SB&TINTL
Business Profile
Business Profile
SB&T International (SBNT), is engaged in the business of manufacturing and exporting studded jewelry. Incorporated on Oct. 14, 1986, the Mumbai-based jewelry maker, is a 100% export-oriented unit (EOU).
The company has a fully-computerized jewelry portfolio of over 30,000 designs with manufacturing facilities at SEEPZ in Mumbai. It has technical, marketing, and financial collaboration with S.B. & T. Gem Imports Inc. USA with a buy-back commitment of at least 75% of the company`s production till 2012. The company acquired Soft Touch Jewellers LLC (STJ), a chain of retail jewelry stores in the Middle East located in the leading hypermarket, Carrefour, which has a widespread presence in the Middle East after its takeover of the Continent chain of retail stores. The company has a joint venture company SB&T (UK) with Gerald Ratner and Gary O`Brien to cater to the UK markets.
SB&T International has developed a web-based shopping center and exports products to USA, Europe and the Middle East. Other subsidiaries of the company include SB&T Designs, and SB&T Holdings. In 2007, the company acquired Mimansa Jewellery, which operates in the high end jewelry market, and later amalgamated it with itself.
The registered office of the company is located at Shreeji Chambers, 1st Floor, Road No. 2, Opera House, Mumbai-400004.
Financials
SB&T International registered a profit of Rs 1.46 million for the quarter ended September 2007.
It recorded a net sales of Rs 149.1 million for the quarter.
Total income was Rs 152.7 million for the quarter ended September 2007.
The diluted earnings per share (EPS) of the company stood at Rs 0.09 for the quarter ended September 2007.
Recent Developments
05-APR-07
On April 4, 2007, the board approved the scheme of amalgamation between Mimansa Jewellery with the Company.