AMCO INDIA LTD-$

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BSE Code: 530133       NSE Code: AMCOIND

Business Profile
Business Profile
Amco India (AMCOIND) manufactures PVC leather cloth, aluminum foils, polyvinyl chloride (PVC) films and sheetings. It was incorporated as a private limited company on Aug. 27, 1987, converted into a public limited company on Feb. 7, 1994, and got its present name on July 12, 2003. It is part of the Amco group, which also consists of unlisted private limited companies like AMC Coated Fabrics, AMCO Builtech and Reha Infotech.

The PVC leather cloth unit produces embossed and printed designs which find application in furnishings, sports shoes, goods, belts, wallets, and other areas. The PVC films and sheetings unit meets customer requirements of shower curtains, side door panels, sun visors, stationary, insulation tapes, rainwear, luggage and other products. The aluminum foil division produces 2,400 MTPA foils in various thicknesses from 0.2 mm to 0.007 mm catering to the pharmaceutical, packaging, and automobile industries among others. In FY07, the company developed PVC laminated with non-woven fabric and nylon fabric and PVC rubberized quality for rain coats.

The manufacturing units are located at Bhiwadi in Rajasthan and Noida in Uttar Pradesh. Recently, the company established a flexible laminated foil manufacturing plant in Baddi, Himachal Pradesh with a printing unit to cater to the big pharmaceuticals companies situated at Baddi. In the case of PVC films and sheetings, it has installed a sensor-based inspection machine and is taking initiatives to establish a new lamination unit project which at present is under process. Non-woven machinery has been installed for the production of non-woven fabrics at its Bhiwadi unit.

The registered office is located at 10795, Shop No 7, GF Nabi Karim, Jhandewalan Road, New Delhi-110055.

Financials
The company announced a phenomenal rise in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 3.08 times to Rs 4.99 million from Rs 1.62 million in the same quarter last year. Net sales declined 5.89% to Rs 203.64 million, while total income for the quarter fell 5.27% to Rs 205.42 million, when compared with the prior year period. It posted earnings of Rs 1.21 a share during the quarter, registering 3.02 times growth over previous year period.

Other Information
Annual Reports for AMCO INDIA LTD-$
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