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Vasa Retail and Overseas Ltd.

BSE: 535045 Sector: Services
NSE: VASA ISIN Code: INE068Z01016
BSE 05:30 | 01 Jan Vasa Retail and Overseas Ltd
NSE 00:00 | 23 Jun 6.05 0
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Vasa Retail and Overseas Ltd. (VASA) - Company History

Vasa Retail and Overseas Limited was originally formed as partnership firm with the name of M/s Vasa International pursuant to a deed of partnership dated April 04 1994. The terms conditions and clauses of partnership firm was changed including addition and retirement of partners by way of partnership deeds dated April 02 2001 August 29 2016 and September 27 2017. Vasa International was thereafter converted from a partnership firm to a public limited company with the name 'Vasa Retail and Overseas Limited' on October 20 2017. Vasa Retail has been in the business of art materials and stationery products executive bags and bag fabric since the year 1994 in its erstwhile legal status as a partnership firm with Mr. Bhupendra Vasa Ms. Aruna Vasa and Mr. Hardik Vasa as its partners. The Company primarily deals in all kinds of (a) stationery products viz. artistic materials hobby colors scholastic colors scholastic stationery office products drawing instruments writing instruments office stationery adhesives notebooks office supplies and writing instruments books pens pencils erasers files copier paper bags and bottles; (b) procuring paper pulp and supplying the same to paper mills and (c) procuring bag fabric and supplying it to the other bag manufacturers and also using the same for manufacturing its products (school and office bags). These stationery products are essentially used by school going children and offices as a part of their stationary requirements. On the other hand paper pulp is the key raw material for the manufacturing of wide variety of paper. The Company further classifies its range of stationary products into (i) school and education products; (ii) fine art and hobby products; and (iii) office products. Further the Company has exclusive license agreements dated October 01 2014 and June 10 2016 with Oxford Limited to market sell distribute and promote various stationary products under the brand 'University of Oxford' to around twenty six (26) countries spread across Asia Middle East and Africa including India. This arrangement can be renewed for a further period on mutual consent subject to the Company achieving the expected milestones as referred under the license agreement. Since the past two years the focus of the Company has been in developing innovative product range under the brand 'University of Oxford'; entering into arrangements with distributors; tie-up with suppliers; and recruiting a sales team which gives them a launch pad to take them forward. In addition to the above license arrangement the Company also markets and sells its stationery products and bags under its own brand 'VASTA' in the overseas markets. In addition to the above business activities the Company also acts as a supplier of copier paper under the brand 'Trion' to certain paper dealers in the Middle East. The Company distributes its products through a network of approximately seven (07) distributors catering to more than 500 stores by way of modern retail outlets shop in shop traditional retail outlets MBOs and e-commerce platform in India. The Company also sells its products in the overseas markets in countries like Saudi Arabia Kuwait Qatar Bahrain UAE Oman and Mauritius. To cater to the demands of overseas market the company participates in various exhibitions personal interaction and meeting with the customers mass mailing circulation of catalogues by way of social media etc. to market its products.