Supreme Tex Mart Limited
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BSE Code:
531934
NSE Code:
SUPREMETEX
Business Profile
Business Profile
Supreme Tex Mart (SUPREMTEX), earlier known as Supreme Yarns, is a Ludhiana-based manufacturer of yarn, fabrics and garments. It is part of the Rs 1.37 billion Supreme group, which has a major presence in the manufacture and marketing of yarn, fabric, and garments. The company was established in 1996 and got its present name on Oct. 8, 2007.
The company manufactures grey cotton yarn, grey acrylic yarn, grey polyester cotton yarn, blended yarn, m?lange yarn, hank-dyed acrylic yarn, knitting yarn, specialty yarn and carpet yarn.; circular knitting and flat knitting; T-shirts, sweat shirts, polo shirts and under garments for men, women and children. The manufacturing facilities including a spinning and dying unit are located in Ludhiana with installed capacities of 72,000 spindles; 720 rotors; 12 tons of fabric a day, 30,000 knitted garments a day; fiber dyeing 7 tons per day, yarn dyeing 20 tons per day (both package & cabinet dyeing), fabric dyeing 15 tons per day, garment dyeing and washing 5,000 pieces per day.
An alliance is in place with Chic-Tex Inc., Canada for the manufacture of hand-knitting yarns. Through group activity, the company has a presence in over 30 countries including USA, UK, Canada, Belgium, Italy, Spain, Turkey and South Korea.
The registered office is located at 424, Industrial Area-A, Ludhiana-141003, Punjab.
Financials
Supreme Tex Mart registered a steep drop of 41.44% in net profit of Rs 15.73 million for the quarter ended December 2007 from a profit of Rs 26.86 million for the quarter ended December 2006.
Net sales declined 18.68% to Rs 280.53 million for the quarter ended December 2007 from Rs 344.97 million for the quarter ended December 2006.
Total income dipped 19.21% to Rs 286.29 million from Rs 354.35 million for the quarter ended December 2006.
The earnings per share (EPS) of the company stood at Rs 0.45 for the quarter ended December 2007.
Recent Developments
12-MAR-09
CARE has assigned a BB rating to the Long-term and PR4 rating to the short-term bank facilities of the company. This rating is applicable for facilities having tenure of over one year.
Future Plans
The company has undertaken a mega project worth Rs 2,260 million. This project will be located at Village Kanganwal, Ludhiana on a plot measuring 9.5 acres. These project will be implemented in various phases and will involve setting up 100% export oriented units (EOU) for spinning and garment knitting. It also involves stepping up and enhancing the existing dyeing and spinning units.