Tatia Global Venture Share Price Live

.RM77 TATIA INTIMATE EXPORTS LTD. BRIEF HISTORY: Incorporated as a public limited company on 13th January, 1994. Promoted by the Madras based Tatia Group headed by S. Pannalal Tatia, Kamal Chand Parekh and Smt. Sangita Tatia. THE PROJECT: The Company is settng up a Export Oriented Unit for manuacture of ladies intimate garments such as brassiers, bodies and panites usin imported stectchable polyamide lace fabrics. The installed capacity of the project is 75 lakhs pieces. The unit is located at plot no. 3IB in the Ambattur Industrial Estate, near Madras. Proposes to export 75% of its production and the remaining 25% is to be sold in the domestic market through the exclusive retail outlets. This project also includes setting up hosiery knitting unit for captive consumption and five exclusive retail outlets in India. COST OF THE PROJECT & FINANCE: The total cost of the project estimated at Rs. 960 lakhs was to be met by the capital. SCHEDULE OF IMPLEMENTATION: Commercial production expected to commence by April 1995. RISKS AS PERCEIVED BY THE MANAGEMENT: (i) The Company has entered into a license agreement with Tatia Investments (P) Ltd. a group company for lease of land and building, for which it has paid a License Rental Deposit of Rs. 40 lakhs and a License Rental Advance of Rs. 50 lakhs. However, Tatia Investments (P) Ltd. has paid Rs. 20 lakhs only as Licence Rental Deposit for the Leave and licence Agreement entered by it with Opti Products Pvt. Ltd., the owner of the property. Investors are advised to read the para under 'Land and Building for further details; (ii) There has been a delay of 15 months in the project implementation of Tatia Skyline and Health Farms Lted., a Group Company (iii) Tatia Intimo Italiano (P) Ltd. a Group company is engaged in similar line of activity. It has a rental arrears of Rs. 6,20,000 due to Madras Export Processing Zone; (iv) Yet to obtain the No Objection Certificate from Tamil Nadu Pollution Control Board; (v) Yet to tie up its working capital requirements. purchase orders for part of the plant and machinery and miscellaneous fixed assets are yet to be placed; (vi) The Company has not yet taken steps for setting up 5 retail shops proposed as a part of the project; (vii) The Company is yet to obtain RBI approval for import of capital goods; (viii) Changes in Import-Export Policy of the Government may affect profitability of the company. DETAILS OF THE ISSUE: Authorised capital of Rs. 1000 lakh comprise 100 lakh equity shares of Rs. 10 each. 28,17,800 shares of Rs. 10 each issued, subscribed and paid up. 67,82,200 shares of Rs. 10 each now being issued of which 11,82,200 shares of Rs. 10 each now being issued, of which 11,82,200 shares and 10,00,000 shares are reserved for firm allotment to promoters, directors, etc. and NRI/OCBs respectively. Of the ramaining, 5,00,000 shares and 3,44,00 shares are reserved for preferential allotment to Indian Matual Funds and NRIs/OCBs respectively with a provision to add back the unsubscribed protion, if any, to the public issu or 37,56,000 shares.