Gem Spinners India Limited
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BSE Code:
521133
NSE Code:
GEMSPIN
Business Profile
Business Profile
Gem Spinners India (GEMSPIN), established in the year 1994, is engaged in the business of manufacture, export, and trading of cotton yarn and knitted and gray fabric. It is part of the Gem group of companies, which has industrial and commercial business activities in granites, information technology, hotels, and construction, besides textiles. Gem Granites and pronet-system.com are other group companies.
The company manufactures single and TFO-twisted cotton yarn, and knitted fabrics at its plant located in the Kanchipuram district of Tamil Nadu with an installed capacity of 25,960 spindles. It exports its yarn mainly to USA, France, Italy, Turkey, Tunisia, Portugal, UK, Denmark, Peru, South Africa, Korea, and Indonesia.
The registered office is located at 14, Mangalam Village, Maduranthagam Taluka, Kanchipuram-603107, Tamil Nadu.
Financials
Gem Spinners India registered a loss of Rs 16.87 million for the year ended March 2008.
It recorded a net sales of Rs 1,025.35 million for the year ended March 2008.
Total income was Rs 1,060.45 million for the year ended March 2008.
The loss per share of the company stood at Rs 0.41 for the year ended March 2008.
Recent Developments
25-AUG-06
The company re-appointed R Veeramani as the chairman and managing director of the company, for a period of five years with effect from Oct. 01, 2006.