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Prag Bosimi Synthetics Ltd.

BSE: 500192 Sector: Industrials
NSE: PRAGBOSIMI ISIN Code: INE962B01011
BSE 00:00 | 16 Sep 2.46 0.09
(3.80%)
OPEN

2.45

HIGH

2.48

LOW

2.45

NSE 05:30 | 01 Jan Prag Bosimi Synthetics Ltd
OPEN 2.45
PREVIOUS CLOSE 2.37
VOLUME 15696
52-Week high 3.45
52-Week low 1.38
P/E
Mkt Cap.(Rs cr) 18
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2.45
CLOSE 2.37
VOLUME 15696
52-Week high 3.45
52-Week low 1.38
P/E
Mkt Cap.(Rs cr) 18
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Prag Bosimi Synthetics Ltd. (PRAGBOSIMI) - Company History

Incorporated on 31 Jul.'87 Prag Bosimi Synthetics (PBSL) was promoted as a joint venture between Assam Industrial Development Corporation (AIDC) and Bombay Silk Mills (BOSIMI). The company came out with a Rs 27.1-cr public issue in Feb.'92 to part-finance the manufacture of 15000 tpa of polyester filament yarn (PFY) establishment of downstream facilities of draw texturising and draw twisting of yarn and to meet for working capital requirements. The total project cost was estimated at Rs 188 cr. The company manufactures polyester yarn. It has introduced different varieties of yarn like 30 denier 50 denier 75 denier twisted and dyed assortments. The company has a technical collaboration with EMS Inventa Switzerland to produce POY/PFY.Textile division commenced commercial production in 1993. The last phase of the project (installation of 6 direct spinning lines) which was expected to be completed in Aug.'95 is delayed due to various reasons including indifferent law and order conditions lack of infrastructure and skilled manpower etc. The Project is expected to be completed during the year financial institutions have sanctioned additional short term finance by way of redeemable convertible preference shares to the extent of Rs 30.96 cr.During the year 1999-2000 the net loss was Rs.983.13 lacs and the State Bank of India has sanctioned the rehabilitation and restructuring proposal and 40% of the working capital requirement of the company.

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