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Premier Synthetics Ltd.

BSE: 509835 Sector: Industrials
NSE: N.A. ISIN Code: INE940N01012
BSE 00:00 | 08 Aug 25.20 0.60
(2.44%)
OPEN

25.70

 HIGH

27.35

 LOW

25.20
NSE 05:30 | 01 Jan Premier Synthetics Ltd
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OPEN 25.70
PREVIOUS CLOSE 24.60
VOLUME 6526
52-Week high 37.20
52-Week low 19.95
P/E 4.62
Mkt Cap.(Rs cr) 12
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 25.70
CLOSE 24.60
VOLUME 6526
52-Week high 37.20
52-Week low 19.95
P/E 4.62
Mkt Cap.(Rs cr) 12
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Premier Synthetics Ltd. (PREMSYNTHETIC) - Company History

Incorporated in 1969 Premier Synthetics (PSL) manufactures texturised yarn and fabric. Most of the income of the company comes from trading. PSL undertakes trading of yarn fabrics (both grey and processed) suitings shirtings etc. The company has focusing more on trading than to manufacture. It was promoted by the Arya group. Anand Arya is the chairman of the company. PSL went public in May '93 to part-finance its expansion project. PSL expanded its capacity for twisting and also added a rotor spinning unit to manufacture yarn for exports. Commercial production of this project commenced in Jun.'94. The company has undertaken a diversification programme to manufacture cotton yarn at Rakoli Silvassa. In 1995-96 the company has undertaken a diversification programme for the manufacture of cotton yarn in the Mehsana district of Gujrat. The project was apprasied by Industrial Finance Corporation of India Limited (IFCI). The company has invested Rs. 1.70 cr in Premier Equity Limited a Subsidiary Company.During 1999-2000 the net accumulated losses exceeded more than 50% of its peak networth and hence it has become a sick industrial company as per SICA 1985.The company has appealed against the said order of the Hon'ble BIFR before the Hon'ble AAIFR and the same is still pending.

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