Jasch Industries Ltd

Jasch Industries Ltd

Engaged in the manufacture of PU foam and laminated products (inst. cap. : 240 tpa; 5 lac mtr pa) Jasch Industries (JIL) has set up manufacturing facilities for PU resin PU synthetic leather and non-woven fabric for captive consumption in manufacturing PU leather. While the installed capacity for PU resins is 3600 tpa that for synthetic leather and non-woven fabric is 36 lac mtr pa each. Production of PU resin and PU leather commenced in 1994 and that of non-woven fabric from 1995. The company has a technical collaboration with Ducksung Chemical Company Korea which has over two decades of experience in the manufacture of PU resin and PU leather. Jasch Plastics a firm managed by the promoters of JIL manufactures PVC synthetic leather. The promoters manage two other concerns which produce PVC foam leather and blowing agents for the PVC industry. During 1997-98 the company has developed in-house and test marketed a product known as Beta/Gamma Thickness Gauge. This product was initially designed to measure the tickness of coated fabric being manufactured by the company. However market enquiries made by the company have revealed that this product has considerable market potential. Therefore the company now plans to produce this product on commercial basis.During the year 1999-2000 the Company has negotiated a package of relief and concessions with ICICI Ltd. resulting in reschedulement of repayment period of the term loan and reduction in rate of interest from 18.5% to 14.5 % which will substantially reduce the interest burden of the Company.During the year 2000-01the sales of the company has registered a growth of 9.20% over the previous year.Operating Profit of the company has also registered a growth of 9.30% over the previous year and this would have been higherbut for the increase in the prices of petro based raw material and fuel oil during the year 2000-01.The interest and finance charges have declined sharply by about 16.00% during the year 2000-01due to full impact of reduction in interest rate from 18.50% to 14.50% on term loan of the financial institutionsrepayment of term loans and better inventory and working capital management.