KANDAGIRI SPINNING MILLS LIMITED was incorporated in
1976 by Sarvashri. S.P.Ratnam, S.P.Sambandam, S.P. Rajendran and
K.R. Manicka Mudaliar who had been doyers in Textile Business
at Salem. Due to their strenuous efforts over decades, the company
has flowered into a major industrial concern presently boasting
of a total spindleage of 50,588 and 336 OE Rotors in two units,
first at Udayapatti, Salem (25,100 spindles) and another at Seshanchavadi
(25,488 spindles). There has been a continuous expansion and modernization
at these units. The Company manufactures
Carded, Combed, Auto coned, TFO, Ring Doubled Yarn. It is making
large profits and declaring sizable dividends year after year.
The related figures indicating its progress for the past 5 years
are given below:
Three months ended 31.03.05 Unaudited:
ITEM |
YEARS |
Description |
Rupees in Lakhs
|
| |
2001-02
|
2002-03 |
2003-04 |
2004-05 |
2005-06 |
| Sales |
4975 |
5483 |
6204 |
7106 |
7440 |
| Profit before tax |
128 |
325 |
335 |
524 |
607 |
| Profit after Tax |
83 |
250 |
180 |
289
|
433 |
| Dividend (%) |
20 |
35 |
35 |
35 |
50 |
The Company Presently
is headed by Sri. R. Selvarajan, S/o. Sri. S.P. Ratnam,
Founder. He has four decades of experience in yarn trade/manufacture.
The Joint Managing Director Sri. S. Vijayshankar, a management
graduate, son of Sri. R.Selvarajan. They are very much involved
in running the Company successfully with a closely knit team of
qualified, youthful and skilful team of technical and other managers
and workforce. Importance is given to adherence to quality systems
and schedules. Customer requirements awareness is indicated to
the good root level workers.
The Company went
for Public Issue in January 1995 as a Premium Issue which
was a roaring success; it was over subscribed 9 times. The Company’s
paid up capital consists of 38,49,250 shares of Rs. 10/- each.
The Company’s shares are listed in Mumbai, Chennai and Coimbatore
Stock Exchanges.
As stated
earlier, Kandagiri Spinning Mills Limited is a significant member
of the Sambandam Group of Companies. It strives for excellence
in every sphere of its activities. Quality, best services, customer
friendly and steady development are its policies. The Company
is committed to Corporate Governance in fulfilling its quest for
achieving significant growth with profits. The award of ISO 9001:2000
& EMS 14001:2004 Accreditation to the Company is a fitting
testimony in this regard.
|