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11/12/2010 Harpreet Singh A23
Production facilities spread over an area of 30 acres. .Century Textiles Introduction • • • • One of the Asia's largest Composite 100% Cotton Textile Mill. Located in the heart of Mumbai formerly Bombay. Production of 14 Million Kgs / year of cotton yarn utilised to manufacture 100 Million square metres / year of world class fabric. the financial capital of India.
Agrawal President (Corporate Finance) & Secretary Shri U. Dobby & Slub Dress Materials Shirtings in 40s & 50s 2/100s x 2/100s Shirtings Extra Superfine Elite Shirtings in 2/140s & 3/140s . Mulls.K. U. Lawns & Voiles Duck fabrics Drills. Works 24 hours a day. Drills. International Textile Mill award from The Textile Institute. Accredited to IS/ISO9001:2000 Quality system.C. Possesses balanced blend of modern. Twills. Practising of TPM A green field project viz. in the first ever contest. Dobbies. through world class automated processing with eco friendly and non toxic dyes and chemicals. The plant is having captive power plant using gas turbines with a capacity of 30 MW and a Biological Effluent Treatment plant with Zero discharge to recycle waste for keeping the production environment friendly. Annual turn-over US $ 95 million. sophisticated machinery with highly skilled. Garg Executive President (Purchase & Projects) Shri R. Twills.000 spindles with latest compact technology and 300 Airjet looms capable of manufacturing all kind of fabrics like.• • • • • • • • Processing capacity of 50 million sq.K. anti bacterial etc. 7 days in a week and 351 days in a year. The plantis equipped with world class mechanical and chemical laboratory to test fabrics as per international norms and has a facility of Pilot sampling for providing quick services for development of samples. yarn dyed with Innovative fi nishes like wrinkle free. meter per year. Somani Vice President Finance FABRIC VARIETIES Sheetings & Poplins Cambrics. dedicated workforce.K. It is also equipped with in-house design studio. in bleached. It is equipped with over 100. research and development centre for continuous innovations of designs as per latest international trend Shri R. Manchester. Satins & Gaberdines Suitings & Tussors Plain.C. Oeko-Tex certificate from Germany for entire product range.the-art. “Birla Century” with the state -of. easy care. Panwar Joint President (Marketing) Shri Sanjay Khimesra Senior Vice President (Yarn & Denim) Shri S. Satins. solid dyed.K. ultramodern Textile production facility is stepping ahead towards fulfilling customer’s need of premium products. Structured etc. Dalmia Senior President Shri D.
The Company was incorporated on 20th October. tyrecord. Pyjama. 1968 . The textile mills are equipped to do bleaching. Trousers. T-Shirts. organising. 1960 .The company signed a technical collaboration and know-how agreement jointly with Alemene. 35. Ties.In May. Sweaters. rayon grade wood pulp and writing and printing paper. 1:8. Pullovers. Jackets. block printing and amiline dyeing. rayon yarn. cement.050 Bonus Equity shares in the prop. caustic soda and allied chemicals. dyeing. History 1897 . embossing. 1967 . Belts. Kurtas.The Company obtained a licence for a rayon grade caustic soda plant of the capacity of 30 tonnes. The Company Manufacture textile fabrics. pre-shrinking.V. Wallets. Kunstzigde Unie N. salt. of Holland and Verinigts Glazstoff-Fabriken AG of Germany to set up a super two tyre yarn and a cord plant with capacity of 6 1/4 tonnes per day. The company also carries on Shipping business. 1961 . Nightwears. at Mumbai. Shorts. Socks.Furnishing Fabrics Towelling Fabrics Apparels Shirts. printing.
for permission to participate in a joint venture project in Malaysia for palm oil 3.In December. the Company's proposal for establishment of a thermal power station with 400-500MWs capacity to be operated as base load station. 1977 .The Company obtained a letter of intent for the establishment of cement plant at Maihar in Satna district of Madhya Pradesh for the manufacture of portland cement with an annual installed capacity of 7.Rajasthan Govt. A letter of intent in this respect was received in 1979. 2:22.214.171.124.P. accepted in principle. sanctioned mining leases of limestone areas.Government's approval was received to set up a composite textile mill in Indonesia. Japan.882 Bonus Equity shares issued in prop. A Company under the name of P. South Korea. to Rajasthan State Electricity Board has been received. etc. 1969 . 1:2.An application was made for an industrial licence to set up another cement plant at Manikgarh in Chandrapur district of Maharashtra with an annual capacity of 10 lakh tonnes. 39. 1980 . Hongkong.50..000 tonnes. During October. effective steps were taken to install a 10 MW captive power plant at Manikgarh. 1:2 in January. With a view to introducing Pozzolana portland cement.64.54.432 Bonus Equity shares issued in the prop. Elegant Textile Industry was established in Indonesia as a joint venture for the Indonesian project.T. the Company proposed to install an additional cement mill incorporating the latest technology.1:8.10.The Company acquired a salt manufacturing unit at Jamnagar in order to ensure continuous supplies of good quality salt to the caustic soda plant.882 Bonus Equity shares issued in the prop. 1971 . the Company offered .646 Bonus Equity shares issued in prop. Formal sanction by way of draft licence by Rajasthan Govt. Govt. 1973 .323 Bonus Equity shares issued in prop.The Company entered new markets such as Taiwan. 1972 . 1986 . 1978 . The Company installed 84 Air jet looms in replacement of old auto looms and 49 ring frames during the year The name of the company was changed to the present one from the Century Spinning & Weaving Company Ltd.54. 1:1.The Company made an application to Indian Govt. During the year. M. 1987 .
the Company applied and obtained approval of Govt. With the acquisition of four more vessels.With the acquisition of four more vessels.3 MW were commissioned during the year. The company developed several new shades of dyed yarns particularly for furnishing and tapestry industry. two in the range of 15-25000 DWT.During the year the Chemical division obtained from the Govt.Three D. granted licence for establishment for the Thermal power station with a capacity of 400-500 MWs.The aggregate deadweight capacity of the fleet having reached 1.829 DWT against the MRTP sanction of 2 lakh DWT. sets with a total capacity of 3. 1990 .000-14% secured redeemable non-convertible debentures of the face value of Rs 100 each on rights basis in the ratio of two debentures for every one equity share held.The Rayon plant had a lock-out for 70 days.35)year from the date of allotment.53.Rajasthan State Govt. 52 ring frames and one auto coner winding machine. All were taken up. 35). 1989 . to 5th August.G. the Company owned a diversified fleet of 12 vessels with an aggregate deadweight capacity of 2. one in range of 25-45000 DWT and one product carrier of 25-35000 DWT range.00. permission to introduce the membrane cell technology in the caustic soda plant. These debentures were redeemable at a premium of 5% at the end of 7 years from the date of allotment i.All were taken up. chemical and product tankers. 7th (Rs 30 + Rs 5 premium) and 8th (Rs. .. Permissions were received from Govt. 1991 .000-14% secured redeemable non-convertible debentures of the face value of Rs 100 each on rights basis in the ratio of two debentures for every one equity share held. timber carriers.Production was adversely affected from 1st June. 15th December. the Company's fleet increased to nine vessels inclusive of bulk carriers. due to lock-out following the failure of talks on wage agreement.50. .270 DWT. for acquisition of 3 more bulk carriers.e. to further increase the tonnage to 5 lakh DWT. Directions were issued to Rajasthan State Electricity Board to enter into an agreement with the Company for purchase of total energy supplied by it. the Company offered 50.During June. 9 Ruti-C wider width looms.29. . These debentures were redeemable at a premium of 5%at the end of 6th (Rs.Steps were being taken to expand the Cement plant capacity from 8 lakh tonnes to 10 lakh tonnes by technological upgradation modernisation and by adding balancing equipment in different sections of the unit and by installing a pre-calcinator to increase clinker production.00. 1988 .The Major additions for the machinery in Textile Mills division included 52 Air jet looms.
.71.Clearance was accorded by the Central Electricity authority in principle and funding of the project was to be tied up only after issue of final techno-economic clearance by CEA. modern ones.Necessary approvals were obtained by the Company for a 100% EOU consisting of 25. for the setting up of a new grass-roots caustic soda/chlorine unit of 100 TPD capacity withan investment of Rs 115 crores.Necessary applications were made to the Govt. were installed.The Company proposed to install balancing equipments apart from undertaking certain modifications in the existing plant. .The Company issued 150. 1992 .000-16. maintaining and operating a 2 x 210 MW thermal powerstation at Pench in the Chhindwara district. During the year. sluggish demand. .During the year.The Textile division could withstand the adverse factors such as hike in input costs.578 DWT.With a continuous research and development.The Company successfully commissioned its new bagasse based paper unit with a capacity of 84. Rs 30 and Rs 35 on the expiry of 6th.15.P.96. . . . etc. A separate unit CenturyPower was established to undertake the above said project. ringframes.600 tonnes of paper per annum.308 DWT was added to the fleet increasing the overall tonnage to 2. .00. . of Switzerland. 7th and 8th year respectively from the date of allotment of debentures. . . warping machines etc. mainly due to improvementsachieved in product quality and due to introduction of new varieties from time to time.Steps were taken to modernise the salt works for securing higher production.The Cement capacity at Maihar was enhanced from 8 lakh tonnes to 10 lakh tonnes by technological upgradation and modernisation. autoconers.One bulk carrier of 42.000-17% secured non-convertible debentures of Rs 100 each on private placement basis to financial/investment institutions. the Company was selected by the MP Govt.During November. . township.969 Bonus Equity shares issued in prop. modernisation and technical upgradation programmes of both paper and rayon pulp plants.The Application for allocation of feedstock for Rs 650 crores synthetic elastomers project was awaiting final clearance from the Petrochemical Ministry. The Company proposed to undertake manufacture of refinededible salt in technical collaboration with Kreb & Co..200 spindles at Satrati in M. for manufacture of cotton/blended yarn for exports.The new caustic soda plant with membrane cells was commissioned in December. .. . various machineries including speed frames. 3:5. etc. An MOU Was signed with the State Govt. . railway siding. 1993 . the Company was able to use an enzyme to give a super silken finish to 100% cotton shirting through a novel technique termed as bio-polishing. for establishing.The Company issued 150.5% secured Non-Convertible Redeemable Debentures of Rs 100 each aggregating to Rs 150 crores on private placement basis. These are to be redeemed at par in annual instalments of Rs 35. .The company proposed to sell some of the ships of the Company and replace them with newer. for procurement of land for plant.00. .
010 DWT. Application was made for mining lease for iron ore.25 to Rs.987.P. . for the setting up of a sponge iron plant with a capacity of 3 lakh tonnes per annum.000 TPA. 2 x 6MW DG genset at the Kalyan factory in view of the uncertainties regarding Naphta availability. the Company issued and allotted 3.a.An agreement was entered into with M/s. 1995 . necessary steps were taken for setting up a bagasse-based paper project with a capacity of 75. .Application was made for necessary approval from Govt.The Company proposed to instal one Thermal captive power plant of 15 MW at Maihar plant. continuous spinning machine for manufacture of 1500 tonnes p. .282. Also. .207.4. steps were taken to increase the installed capacity of rayon grade pulp plant from 20. 1 to increase the clinker capacity by 2 lakh tpa. Snia Engineering S. .The Company undertook to instal a precalcinator system in kiln No.The share price of Century Textiles and Industries Ltd shot up by Rs.2.000 TPA. A new division in the name of Century Iron & Steel was set up to implement the project MECON were to provide consultancy.Italy for supply of 12 nos.Technology tie up was concluded with MECON and a subjective MOU was signed.25 on 28.1994 . .81.000 TPA.A project for manufacture of pulp and writing and printing paper with a total capacity of about 400 tonnes per day at Bhavatgarh was to be set up.a. .S.93.93.One Thermal capative power plant of 15 MW was installed and it commenced generation during the year.Century Textile Ltd has been awarded Textprocil Special Gold Trophy for its highest global exports for the year 1995-96 in Mumbai. . of equity shares of the face value of Rs 100 each at a price of U. 1996 .During the year.The company proposed to set up a paper board plant of a capacity of 300 TPD at Lalkua. . 1997 .p.The Company decided to install in the first phase.Modernisation and diversification schemes were taken up for increasing the installed capacity of writing paper from 20.The Company also proposed to establish another project to manufacture paper and pulp with a capacity of 300 tonnes per day at Aliganj in th state of U. of viscose filament yarn based on 120 denier. .3. . .000 TPA to 25. following the announcement by the company that it would consider the issue of bonus shares at the board meeting on May 6.On 26th Sept. $ 254 per GDR representing one equity shares of the Company.The Company continued its process of modernisation by acquiring one 44000 DWT bulk carriers built in 1994 and by disposing of 35000 DWT bulk carrier Aditya Prabha built in 1982.700 No. The Company's fleet now consists of 10 ships aggregating 2. . .000 TPA to 27.700 shares allotted.
redeemable after three years. 1997. 1998 . . 1998.The company had issued on private placement basis 10.The company has attributed the poor performance to the ongoing recession and an `illegal' strike for nearly 68 days by some workers at the pulp and paper divisions. stands increased to Rs 93. pressing their demand for higher bonus as against the minimum bonus payable under the provisions of the Payment of Bonus Act. including the bagasse unit.The production in the pulp. -Century Textiles has decided to shut down its shipping division.The company has allotted bonus equity shares on October 27. .25 per cent cumulative preference shares aggregating to Rs 100 crore on October 29. . -Century Textiles is stepping into branded apparels by leveraging on its brand 'Century' -CTIL.). 1998. 1965.. if the demand is not met. -Century Textile and Industries Ltd has informed BSE that Intel SteamPipeline of 21 M W Turbine has been repaired and Bagasse Paper Plant production has been started.Workers of pulp and paper division had resorted to an illegal strike for two days on October 19 and October 20. therefore.44 million in the quarter ended as compared to net profit of Rs. The workers have demanded for a higher bonus and have threatened to go on strike from November 3. . 2002 -Century Textiles & Industries stops operations at its Bagasse paper plant at Nainital. in the ratio of one bonus share for every one equity share held on the record date (September 26.Century Textiles and Industries Ltd has declared a lock-out in the Century Pulp and Paper division.The net loss has been primarily due to the illegal strike resulting in lock-out at the factories of the pulp and paper division from November 15. an outfit of B K Birla group has forayed into the fast expanding branded ready-to wear segment.05 crore with effect from October 27.88. . -Century Textiles has decided to diversity into value-added readymade garments and accessories under the brand name of 'Cottons by Century'.The lock-out was lifted after a memorandum of understanding was signed with the workers' union and the division resumed functioning from January 22. -Mr Raghu Palat has been appointed as UTI Nominee on the Board of century textiles in place of Shri A P Kurian. .The paid-up equity share capital.The proposed strike by the workers of the pulp and paper divisionof Century Textiles and Industries at Lalkua may dampen the sentiments of the stock. with effect from November 15.The pulp and paper division also commissioned 12 continuos spinning machines. -Century Textiles has decided to refocus on domestic market and to reduce its exposure . 2003 -Century Textiles has posted a net loss of Rs.1 million. 1999 . . . paper division was `adversely affected' on account of the stay-instrike and go-slow tactics adopted by the workers.
South & North America and Western Europe. August 14.2004. Major export markets are North Africa. 2004 -Century Textiles & Industries Ltd has informed that they have received intimation from The Stock Exchange Ahmedabad.e.The Rayon fi lament yarn.f. Tyre yarn is mainly exported to Western Europe and Japan where it is used as a reinforcement material in ultra high performance passenger car tyres. Century Rayon was proud recipient of First Award for export performance in the “LSI Textile Category” for the year 2007-08 .in overseas market due to recession in the foreign market. About 85 % of total production is exported to these destinations. vide letter dated December 29. About 15% of total production is exported to above destinations. 2006. which is used for textiles and apparel application. 2003 that equity shares of Century Textiles & Industries Ltd have been delisted from their exchange wef January 16. 2005 -Century Textiles enters into an agreement for sale of remainin ship 2006 -Century Textiles & Industries Ltd has informed that the equity shares of the Company have been delisted from Calcutta Stock Exchange Association Ltd (CSE) w. has wide spread market base. -Century Textiles all set to acquire land for cement plant Key Areas • Rayon Century Rayon is exporting its products all over the world.
environmental and safety concerns.” A highly qualifi ed quality control team equipped with modern test facilities work round the clock and superimposes itself in every stage of the production process so as to ensure that quality of the rawmaterial and the intermediary product at no stage is compromised towards maintaining a very high standard of quality to our product The state of art technology and upgradation of manufacturing process is a continuous activity in our plant which ensures the best quality product with consistency. we may seem to be yet another player.from Directorate of Industries. etc. • Paper In the World of Paper. Company is committed to provide best quality cement to the consumer and in pursuit of this goal. logistic and transportation are very fast and competition between various brands available is very stiff. Govt. Having been predominantly in the Writing & Printing Segment. SBS. the emphasis of Birla Gold is “Quality & Consistency. This new state-of-the-art board machine will be amongst the best in the world and our products are expected to set new benchmarks for both Indian and International manufacturers of FBBD. a fully integrated state of art. Liquid Packaging Boards. Cup-Stock. our obsession with quality and value creation have created a niche for ourselves amongst the largest paper producers in the country. of Maharashrta . In the era of globalisation where the speed of communication.The new project to manufacture Coated Boards of International Standards will soon be commissioned. XRF-XRD cement analyser equipment has been installed at Maihar Cement Unit which measure very quickly free lime and clinker phases to ensure corrective measures for maintaining quality parameters. This award was given in recognition of Century Rayon’s outstanding achievement in exporting Rayon Viscose fi lament Yarn under Textile category from Maharashtra state • Cement Company is manufacturing and marketing cement under its premium brand “Birla Gold”. Excellence at Century continues to be all pervasive.the foray into Tissue Paper last year was only a stepping stone to our passion to move into other segments. We are known for our ability to provide customer delight through a culture that encompasses creation of value and wealth through promotion of quality. Over the years. In near future Century will be amongst the top fi ve paper and paperboard manufacturers in India and our goal to reach the top will soon become a reality .
woven fabrics.• Revenue And Expenditure • Competitors Bombay Textile Research Association Bombay Textile Research Association. . Little Darlings. cotton fabrics. polyester cotton fabrics. Trend Setters and Women�s Pride. luggage fabrics. Testing and Training Jivan Jyoti Textile Traders Manufacturer and supplier of all types of polyester fabrics . industrial fabrics and tarpaulin fabrics. Natural Clothing Pvt Ltd Manufacturer and exporter of designer fabrics for fashion garments and home furnishings in different types like Forever Collection. International Collaboration is solicited for Contract Research. apparel fabrics. Metallics. Sheer Collections. Gorgeous Gold Collection. nylon fabrics. dyed fabrics. filter fabrics.
This inverse relationship between price and the amount consumers are willing and able to buy is often referred to as The Law of Demand.Persona Furnishing We offer home furnishings accessories. chair cloths. as well as external policies that provided tariff preferences. cotton beddings. printed pillows. pvc carpets. such as the African Growth and Opportunity Act (AGOA). • Factors Effecting Demand Of Century Textile Fashion Income Of Consumers Price Effect Competetion Government policies Taste and Preferences • demand growth and increased prices in global and key SSA export markets. The Consumer's Income . bed sheets. designer cushions. foam mattress. designer curtains. • government policies (domestic and foreign) promoting SSA industry development. including internal policies that created export processing zones and fostered downstream processing. bath towels and door mats . • foreign and domestic investment in new and expanded production capacity. Consumers want to buy more of a product at a low price and less of a product at a high price. and • improvements in general and industry-specific infrastructure. designer blankets. Price of the Product There is an inverse (negative) relationship between the price of a product and the amount of that product consumers are willing and able to buy. decorative bolsters. pillow covers.
some goods are considered to be substitutes for one another: you don't consume both of them together. some of these people may decide to switch to Pepsi instead. they are decreasing the current demand for iPods because of what they expect to happen in the future. We can summarize this by saying that when two goods are complements. Another example is that a person may have a higher demand for an umbrella on a rainy day than on a sunny day. there is an inverse relationship between the price of one good and the demand for the other good. On the other hand. In other words. the demand for the product will decrease. When people decide to wait. For example. if a celebrity endorses a new product. There are all kinds of things that can change one's tastes or preferences that cause people to want to buy more or less of a product. For example.The effect that income has on the amount of a product that consumers are willing and able to buy depends on the type of good we're talking about. what is a substitute good for one person may not be a substitute for another person). an increase in the price of bagels means we want to purchase less cream cheese. when income falls. for some people Coke and Pepsi are substitutes (as with inferior goods. On the other hand. The Price of Related Goods As with income. The Law of Demand tells us that fewer people will buy Coke. We call these types of goods compliments. We call these types of goods normal goods. this may decrease the demand for the product. this may increase the demand for a product. but instead choose to consume one or the other. We summarize this by saying that when two goods are substitutes. the effect that this has on the amount that one is willing and able to buy depends on the type of good we're talking about. for these goods when income rises the demand for the product will increase. you (and other consumers) may decide to wait to buy an iPod until the new product comes out. Think about two goods that are typically consumed together.one's expectations for the future can also affect how much of a product one is willing and able to buy. if you hear that Apple will soon introduce a new iPod that has more memory and longer battery life. If the price of Coke increases. therefore increasing the amount of Pepsi that people are willing and able to buy. For example. If the price of a bagel goes up. we will also want to use less cream cheese (since we typically use them together). Similarly. there is a positive (direct) relationship between a consumer's income and the amount of the good that one is willing and able to buy. For most goods. But if we want fewer bagels. Therefore. For example. bagels and cream cheese. there is a positive relationship between the price of one good and the demand for the other good. The Tastes and Preferences of Consumers This is a less tangible item that still can have a big impact on demand. the Law of Demand tells us that we will be willing/able to buy fewer bagels. this may make Pepsi relatively more attractive. if a new health study comes out saying something is bad for your health. if you expect the price of gasoline to go up tomorrow. The Consumer's Expectations It doesn't just matter what is currently going on . you may .
Rumors started that gas stations would run out of gas. it has been possible to achieve machine utilisation of 99.fill up your car with gas now. managerial. the price-to-book value of the company was 2. It has reported net profit at Rs 66 crore as against Rs 82. leading to long lines and a big increase in the demand for gas. There is not much change in open interest in Century Textiles but what we observed was blend of short covering and fresh formation of long over there. Expect a bigger target but right now would restrict ourselves to Rs 568 and fix a stop loss of 20 points down from the buying price which should be around Rs 498.79. At current value.68. it imparts regular training to all workers and organises refresher courses for Supervisory and Management cadre staff. It has a team of dedicated and experienced workmen. The stock's price-to-earnings (P/E) ratio stands at 15. • Value Addition • Century Textiles has announced its results for the quarter ended September 2010. The dividend yield of the company was 1.With planned and channelised material feeding to machines.09%. As a result. The company's trailing 12-month (TTM) EPS was at Rs 32. • Conclusion Century Textiles is well known for a vigilant and professional management. "We are quite optimistic on the stock from trading perspective. The latest book value of the company is Rs 188. • "Century Textiles is one of the most liquid counter in F&O segment but it is not in limelight as of now but the way cement counters have been moving. This is similar to what happened after Huricane Katrina hit in the fall of 2005. Net sales increased to Rs 1.014 crore. 2010). technical staff and executives. . To promote Human Resource Development. we saw a good amount of move yesterday. many consumers decided to fill up their cars (and gas cans).5% of the installed capacity and manufacture yarn and fabrics of International standard.97 per share.76 on (NSE).06 per share (June. It has cordial relations with workmen and their representative union. So your demand for gas today increased because of what you expect to happen tomorrow. The stock's priceto-earnings (P/E) ratio was 15. would suggest to go long in November futures around Rs 518-520 and the current price is around Rs 522 for November futures." He further added.098 crore from Rs 1. This was all based on the expectation of what would happen.6 crore.
wikipedia.Century stands for energy conservation by process renovation and upgrading of techniques.com www.B.com . Urja Research Foundation.P. In recognition to its outstanding achievement century bagged 4 Gold Trophies and one Sliver Trophy from the "I.com www.centurytextind.L." • References www.google.