Eurotex Industries and Exports Ltd

Eurotex Industries and Exports Ltd

Belonging to the Patodia group and promoted by PBM Polytex Eurotex Industries & Exports commenced manufacture in 1989. The company manufactures cotton yarn of various counts -- from 30s to 100s. It diversified into the processing of yarn and manufacture of woven and knitted superfine cotton fabric of international standards for which it came out with a rights issue at a premium in Oct.'92.The company a 100% EOU has agency and selling arrangements with various reputed buyers in the UK Switzerland Germany Italy and Japan. It was granted the status of a government-recognised Trading House in Apr.'95. The company also received the Silver Trophy from the Confederation of Export Units for its outstanding export performance. Eurotex commenced production of phase-I of its expansion project of 14112 spindles at the second (new) 100% EOU. The entire spinning plant has been imported from Switzerland and will be the first of its kind in India. During 1995-96 the company has been sanctioned a foreign currency loan of US $ 6.5 million under ECB Scheme.In the years 1997-981998-99 and 1999-2000 it was awarded trophies by Cotton Textiles Export Promotion Council Bombay Confederation of Export Units New Delhi Govt. of Maharashtra for excellence in Exports. It has accredited with ISO 9002 and Oko-Tex Standard 100 certification.To meet the working capital requirements the company had issued 13% Debentures of Rs.500 lacs to UTI Banks in 2001 and the same has been redeemed during the year itself.