Vyapar Industries Limited
Add to watch list to get report alerts
BSE Code:
506142
NSE Code:
Business Profile
Business Profile
Vyapar Industries Ltd, formerly known as Vyapar Holdings Ltd, specializes in embroidery threads, sewing threads and other yarns. It also has an impressive array of tailoring accessories meant specifically for the export market. At the National level Vyapar import/export Yarn and other stock & sell the same under its brandname.The company\\\'s core business is to manufacture twisted and dyed viscose rayon filament yarn as well as all other yarns. Their technical processes call for twisting, doubling,
bleaching, lubricating, dyeing and rewinding of yarns. The company currently imports the yarn from China, Russia, Brazil, and Germany. It also buys yarn from the local market from companies like Indian Rayon and Century Rayon & exports it to various countries in Europe North America, North Africa, South East Asia & the Middle East. Balloon business is the second thrust area of the Company. The Company imports toy rubber Balloons under the Vyapar Brand and thereafter sold in the local and international market after necessary repacking and printing. The work of repacking of toy rubber balloons are carried out at Vyapar\\\'s SEZ unit as per order of the overseas buyers. The company also sells the goods in wholesale Market to a chain of wholesalers who buys it from them, and ultimately sell it on a retail basis. Considering the huge retail market and high profit margins and the past experience of the management in retail trade the company has entered into the foray of retail trade. The company`s registered office is located at Mumbai with branch offices located at Surat, varanasi and Bangalore. Its godowns are located at Mumbai, Surat and Varanasi.
Financials
The company has posted a fall of 94.27% in net profit at Rs 2.01 million for the quarter ended December 2006 as against Rs 35.09 million for the quarter ended December 2005. Net sales declined by 74.39% to Rs 58.02 million from Rs 226.55 million during the quarter.
Net profit of the company rose 146.74% to Rs 158.41 million for the year ended March 2006 as compared with Rs 64.20 million for the year ended March 2005. Net sales increased by 130.41% to Rs 712.88 million from Rs 309.4 million during the year.
Recent Developments
24-DEC-07
The 19.1 million global depository receipts (GDRs) of Vyapar Industries were successfully listed on the Singapore Stock Exchange Securities Trading (SGX) for trading on Dec. 19, 2007.
24-JAN-07
Vyapar Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 23, 2007 has decided to Amalgamate the Company with Rassai Properties & Industries Ltd, which would be feasible and in the best interest of all concerned pursuant to the provisions of Sections 391 to 394 of the Companies Act, 1956, and other applicable provisions.