Ashima Limited
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BSE Code:
514286
NSE Code:
ASHIMASYN
Business Profile
Business Profile
Ashima (ASHSYNTE), an Ashima group company, is engaged in the business of textiles.
It was incorporated as a private limited company in 1982 in Gujarat and was subsequently converted into a public limited company on Aug. 26, 1988. The chairman and managing director of the company is Chintan N. Parikh.
The company manufactures product groups like denim, high value yarn dyed shirting and attires. The product range of the company includes open end and ring spun denim It offers 10.5 million meters per annum of denim fabrics in 100% cotton for jeans, shorts and jackets, casual shirts, and kids wear. It also offers fully bleached white, piece-dyed and yarn-dyed shirtings; PFD; piece-dyed and yarn-dyed bottom weights; tubular, open-width and piece-dyed mercerized knitted fabrics etc.
The company markets its products under the brand names Frank Jefferson and Icon. It exports its products to more than 45 countries. Its plants are located at Mehsana and Ahmedabad in Gujarat. The installed capacities of the company are 174,647 spindles, 2,800 rotors, 1,872 looms, 17 million meters of cloth processing and 2,139.05 MT of yarn/fabric processing per annum. Ashima is the first textile company to adopt and get certified for integrated quality and environmental management system ISO 9001:2000 and ISO 14001:2004. The company has two subsidiary companies, namely Ashim Cotton and Ashim Textiles Inc., USA.
The registered office is at 310, Ashima House, Kavi Nanalal Marg, Ellisbridge, Ahmedabad, Gujarat-380006.
Financials
Ashima announced that loss for the quarter ended June 2007 widened to Rs 45.11 million.
Net sales declined 6.94% to Rs 588.15 million for the quarter ended June 2007 from Rs 632.00 million for the quarter ended June 2006.
Total income dipped 7.34% to Rs 590.05 million from Rs 636.77 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 1.53 for the quarter ended June 2007.