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ISIN No
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INE464H01015
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BSE Code / NSE Code
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531282 / VIRPOLY
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Book Value (Rs.)
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66.43
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Face Value
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10.00
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Bookclosure
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30/09/2024
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52Week High
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4
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EPS
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6.82
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P/E
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0.16
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Market Cap.
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0.37 Cr.
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52Week Low
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1
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P/BV / Div Yield (%)
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0.02 / 0.00
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Market Lot
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1.00
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Security Type
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Other
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The company history sections lists out major chronological events that happened to the company.
| M/s. Virgo Polymers (India) Limited (VPIL) was established in the year 1985 as Virgo Polybags (P) Limited. The company established the factory at SIDCO Industrial Estate at B-48 Maraimalainagar, Chengai MGR Dist, Tamilnadu. The original promoters of the company were unable to bring in necessary finance to run the company viably.
The company was taken over by the Promoter of the Project Shri A. Rammdass in June 1990. At the time of take over, the company had one manufacturing unit as mentioned above with the capacity to manufacture 180 tpa of PP/HDPE Woven Sacks. The present promoters initiated steps to put up the unit on a viable basis.
The manufacturing unit was revamped by improvement and additions to the key items of the machinery. With this modification/addition to machinery, the manufacturing capacity of the unit increased from 180 tpa at the time of take over to 345 tpa by November 1990.
The company had established satisfactory quality of its product. Firm orders from consumers like Associated Cement Company Ltd, Fertilisers and Chemicals Travancore Ltd, Mysore Cements Ltd, Orissa Cement Ltd for supply of PP/HDPE Woven Sacks were being received on a regular basis. Owing to limited capacity. the unit was finding it difficult to cater to the growing demand and orders from its clientele. A need was, therefore, felt for increasing the capacity for manufacture of PP/HDPE Woven Sacks.
A second manufacturing unit was established at A1-A, MMDA Industrial Estate, Chengai MGR Dist, Maraimalinagar in August 1992 at a site close to the existing unit. The project was implemented as per schedule and there was no delay. The second unit was put up at a total cost of
Rs.177.98 lakhs and was financed as under:-
(i) Term loan from The Lakshmi Rs. 45.00 lakhs
Vilas Bank Ltd
(ii) Fresh equity contribution Rs. 75.92 lakhs.
(iii) Internal cash accruals Rs. 49.48 lakhs.
(iv) Lease for Land from MMDA Rs. 7.58 lakhs.
Total Rs.177.98 lakhs.
2007
-Virgo Polymer has designated E- mail ID for Investor Complaints:
Virgoshares924@yahoo.com
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