While the accumulated loss of the company with 50 workers was Rs seven crore, it had a Rs 3.28 crore paid up capital and Rs 2.82 crore free reserves. It had also invested Rs 4.16 crore in plant and machinery. It also appointed IFCI as the operating agency (OA) to examine the future prospects of the company and submit a report for its revival.

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First Published: Feb 23 1998 | 12:00 AM IST

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