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Vaarad Ventures Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 1ISIN Demat: INE418B01048
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Business Profile
NHN Corporation (NHNCORP) is engaged in processing and marketing packaged drinking water. It was incorporated in 1993.

The company has its processing plant located in the Union Territory of Daman with an installed capacity of 15.33 million liters of water. The water is marketed under the brand name Brilliant for the bulk and retail segments and conforms to the standards of USFDA, WHO and IBWA. It also manufactures packaging material for the bottled water industry like SGS-approved 20 liters polycarbonate bottles, spill free caps for 20 liter bottles and PET bottles.

Undertaking turnkey projects for implementing complete water processing plants for other organizations, it supplies process design and layouts and supplies, erects, installs and commissions plant and machinery with complete operational and procedural training, marketing support, product development, quality and maintenance audits, troubleshooting assistance, after sales service and upgradation of existing plants. The net worth of the company has completely eroded and it has become a sick industrial company as per the provisions of The Sick Industrial Companies Act, 1985 (SICA).

The registered office is located at 6A, Lalwani Industrial Estate, 14, GD Ambedkar Road, Wadala, Mumbai-400031.

The company disclosed fall of 98.31% in standalone net profit on y-o-y basis to Rs 0.03 million, while total income fell 29.22% y-o-y basis to Rs 2.35 million for the quarter ended December 2012.

Recent Developments
Vaarad Ventures announced that its board of directors has recommended dividend of Rs 0.01 or 1% per share of Rs 1 each.

Atco Corporation today announced that its board of directors has approved to invest into equity capital of these companies: Atcomaart Services, eDesk Services, Innovamedia Publications, a new company to be floated for bottle water business activity and a new company to be floated in Dubai in free trade zone for industrial product services under the proposed name of Atcomaart DBX LLC.

Atco Corporation announced that a meeting of the board of directors will be held on Dec. 03, 2009, to consider investing in and or acquiring businesses and to nurture, mentor and manage them as one of the core business of the company.

In Brief

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