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Aquamarine Food Products Ltd.

BSE: 519268 Sector: Others
NSE: N.A. ISIN Code: N.A.
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Aquamarine Food Products Ltd. (AQUAMARINEFOOD) - Company History

AQUAMARINE Food Products, promoted by Vijay Kumar was incorporated in Oct.'90. It has been engaged in the trading (mainly for exports) of frozen shrimps. The company had achieved a turnover or Rs 1.11 cr for the year ended Oct.'92. The company went public with its maiden issue to implement an aquaculture project which includes a farm, hatchery and a processing plant. The major market for shrimps includes U.S., Japan, Western Europe and the Gulf. The market for shrimps in these countries is growing. India, with its vast area of brackish waters, has a natural advantage in serving this growing market. The company has also entered into marketing arrangements with three international agencies to market a major portion of its produce viz. Beaver Street Fisheries (U.S.), Fiesta Mart (U.S.) and Itoman & Co. (Japan). The management of the company was taken over by Rank Aqua Estates in Jul.'94. At the timed takeover out of total ISO ponds envisaged, 43 ponds were completed and another 44 ponds were partially completed.