Shiva Texyarn Limited
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BSE Code:
511108
NSE Code:
SHIVTEX
Business Profile
Business Profile
Established in 1989, Shiva Texyarn (ANNFINA1), a Bannari Amman Group company, is a manufacturer of yarn. The company has diversified into three business segments, namely yarn production, wind power production, and agency business of marketing and management of portfolio of advances made by HDFC Bank for financial commercial vehicles.
The company has an installed capacity of 39,072 spindles of yarns and 16,795 KW of wind farm power per annum. Its wind farms are located in Manduvelampatti, Gudimangalam, Athukinathupatti and Uthukuli villages and Sanganeri in Tamil Nadu. A 100% cotton yarn for knitting is a major area of specialization. ANNFINA1 sources the raw material from select cotton fields in the country and also imports from West Africa, Common Wealth of Independent States and Australian Countries and converts it into high grade yarn on state-of-the-art machinery from Lakshmi Rieter spinning machinery including Autoleveller Drawframes and Autoconers from Schlafhorst.
The company has invested in major testing equipments for testing cotton and yarn. This includes the advanced equipments like Uster Evenness Tester III, Classimate Tester and Ring Data System. Besides the above, ANNFINA1 established a strong brand image in the domestic knitting centers like Tiruppur, Calcutta, Kanpur and Mumbai. ANNFINA1 exports 70% of the production to Israel, Egypt, Singapore, Malaysia, Korea, HongKong, Sri Lanka, Taiwan, Mauritius and non-quota European markets. The product range of the company includes Ne 30/1 combed knitting in 100% cotton yarn, Ne 32/1 combed Knitting in 100% cotton yarn and Ne 40/1 combed Knitting in 100% cotton yarn.
The office is located in Coimbatore and its factory is located in Dindigul.
Financials
Shiva Texyarn posted a net profit of Rs 154.32 million for the year ended Mar. 31, 2007 on an operating income of Rs 992.27 million. Total income for the year stood at Rs 1009.93 million. During the year, the company posted an EPS of Rs 7.14.
Future Plans
The company plans to enter into the manufacture of knitting and other downstream products. With this objective, the company is planing to increase the spinning capacity by about 50,000 spindles.