jindal cotex limited introduction rr presents india’s leading textile brand
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Jindal Cotex Limited
Introduction
RR Presents India’s Leading Textile Brand
Jindal Group of Ludhiana was established in 1977 by Sh. Jagdish Rai Jindal when his sons, Mr. Yash Paul Jindal, Mr. Ramesh Jindal and Mr. Rajinder Jindal joined him in the business.
In 1980, Group entered into manufacturing of Bi-cycle Parts by launching a new partnership concern JINDAL FINE INDUSTRIES, the firm developed Single Speed & Multi Speed Freewheels and now sells complete range of bicycles under the Trade Name “LEADER”
In 1998, Mr. Sandeep Jindal s/o Sh. Yash Paul Jindal completed his Commerce Graduation and entered into family business. This was the point of diversification for JINDAL Group when they entered into Textile Business
Thus Group set up the Jindal Cotex Ltd (JCL) with the objective of manufacture of variety of Yarns from man made as well as natural fiber
JCL is promoted by Mr Yash Paul Jindal, Mr Rajinder Jindal, Mr. Ramesh Jindal & Mr Sandeep Jindal
Brief Overview of Group
Spinning Capacity
Jindal Cotex Limited was incorporated in February, 1998 by the promoters of Jindal Group with the prime objective of manufacture of variety of Yarns. Initially, the company set up 6912 Spindles and reached to the capacity of 52272 spindles in 2010.
Business Overview
Manufacturers Acrylic Polyester, and Polyester-Viscose, Polyester Cotton, combed and carded yarn.
Yarns produced are used for made up in apparels, hosiery and garment Industry
Installed capacity of 52272 spindles for acrylic, cotton blended and polyester yarns with manufacturing capacity of 14000TPA
Enjoys Premium in the Acrylic yarn segment.
Strong Customer base and dealer network in the local and Inter-State Market.
Ensures - Quality with Speed
Modern Technology
Ownership – Shareholding Pattern
Promoter 30.55%
Public25%
GDR 44.04%
2.66%
Shareholding Pattern as on 30.09.2011 (%)Promoter Public GDR FIIs
JCL is a widely held public limited company, listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
Recognition Certificates
Certificate of ‘Star Export House’ by Office of DGFT.
ISO 9001:2008 Certificate by TUVNORD
Business Evolution
Incorporation of Company
Started with 6912 spindles
1998 1999 2006 2008 2009
Reached Capacity of 23472spindles
Raised Rs. 937.50 millions through IPO & shares listed on BSE& NSE
2009 2010 2011
Reached Capacity of 52272 spindles after successful erection of 28800 cotton spindles
2010
Commenced commercial production in JML & JSTL
ISO 9001:2008 Certified
Commissioned 1250 KW wind Mill
Initiated the implementation of technical textile projects in JML & JSTL
Successfully raised US$ 38.75 million through GDR
Brief Financials of JCL
31.03.2011 31.03.2010 31.03.2009(Audited) (Audited) (Audited)
Revenue/Sales 268.86 146.33 138.58
Export Sales (9.37) (1.99) (17.09)
EBIDTA 33.28 13.71 10.14
Interest 10.8 3.1 2.29
Depreciation 9.29 3.08 2.61
PBT 13.19 7.53 5.24
PAT 10.45 7.09 4.25
EBIDTA % 12.38 9.37 7.32
PAT % 3.89 4.85 3.07
Equity Capital (Rs) 45 25 12.55
EPS (Rs) 2.61 3.65 3.39
Net Worth 298.51 119.39 33.16
Particulars
Rs. In crores
* On Stand alone basis
Subsidiaries –Technical Textile projects
JCL diversified into technical textiles and implemented technical textile projects in its wholly owned subsidiaries namely Jindal Medicot Ltd & Jindal Specialty Textiles Ltd.
The total capital outlay of for these projects has been Rs.239.00 crores. Out of which Rs.81.00 crores is funded through proceeds of IPO floated by JCL & balance Rs.158.00 crores is tied up through term loans from banks.
Both the projects have been financed under “Technology Up gradation Fund Scheme” (TUFS) thus term loans entitled for 5% interest subsidy and 10% capital subsidy on cost of plant & machinery
Both the projects are being set up in the textile park promoted by Himachal Textile Park Ltd, Tehsil Amb, Distt Una with the total area of around 65 acres
The projects have been set up with the state of art technology and latest plant & machinery
Both the projects have successfully commenced its commercial production and offer high value addition.
Jindal Specialty Textiles Limited
Integrated Plant for laminated fabrics with the production facilities for fabrics, PVC Film and Lamination
Annual Capacity of 90 million sq meters
Total outlay of Rs.15100 millions
Exclusive Technical know how tie up for a period of 10 years with Wonpoong Corporation, South Korea
Commercial production has been started partially in October, 2011 and will be commissioned fully by January, 2012
Jindal Specialty Textiles Limited
Products to be Manufactured
End-use
PVC Laminated Product
Frontlit Banner Fabric Backlit Banner Fabric
This type of fabrics as used for Outdoor advertising media.
Inflatable Fabric for Boats etc
This product is used for making boats for recreation and army applications
Tent Fabric Used for Outdoor Tents
Truck Siders Used for advertisement in trucks
Thank You
Jindal Cotex Limited
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