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Company under Corporate Insolvency Resolution Process

   
About Us - History
   
 
Our Company was incorporated on April 29, 2004 as a public limited company under the Companies Act, 1956 bearing No. U 32300 MH 2004 PLC 145995 having its registered office at Boston House, Ground Floor, Near CineMagic Theatre, Suren Road, Chakala, Andheri (E), Mumbai –400 093, Maharashtra, India.

Our Company started its first manufacturing plant for the production of Compact Disc Recordable (CDRs) and Digital Versatile Disc Recordable (DVDRs) in the year 2005 at Taluka Bhachau, Dist- Kutch, Gujarat, which  began its commercial operations on April 04, 2005.The process for production of CDRs involves in a row drying of raw materials, injection moulding, cooling, dye coating, edge washing, marking, scanning of defects, drying, metallization, lacquering, ultra violet curing, printing and packaging of the CDRs. This chain of process is available in one line and our Company initially had five such lines out of which four lines were manufacturing 2 lacs CDRs per day and 720 lacs CDRs per year running at 82% capacity with production of CDRs on four lines. The fifth line was manufacturing 20,000 DVDRs per day making it 72 lacs DVDRs per year. In view of huge demand in CDRs, the DVDR manufacturing line was converted to CDR manufacturing line in August 2006.

After successfully operating five such lines, the company expanded by adding another five lines in the second half of 2006. The production in the expanded 5 lines started in the January 2007.There are now 10 manufacturing lines and current capacity of the plant is 5 lac pieces of CDRs per day and 1800 lac pieces per year. Currently the plant is running at 100% capacity with production of CDRs. The lines are interchangeable and can be converted DVDR lines at any time.

Our Company has set up jointly with our Group Company Euro Ceramics Limited, lignite based 10MW Captive power plant. Presently, the entire power requirement of the unit is met by the Captive Power Plant. Our Company has incurred one fifth of the Capital costs and is eligible to produce and consume 20% of the total installed capacity.

Our Unit also enjoys exemption from excise duty under the provisions of notification No.39/2001-CE, dated July 31, 2001 giving five years excise free holiday for units in Kutch District of Gujarat and Sales tax exemption under the provisions of G. R.No.INC/10200/903/7 dated 09-11-2001 as amended from time to time up to a maximum limit of Rs.4167.15 lacs or for a period of seven years whichever is earlier.
   
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