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Orind Exports Limited
Sector:Engineering Engineering - Refractories
BSE:12616NSE:NABloomberg:ORX@INReuters:ORIE.BO
Market Lot: 1Face Value: 10ISIN Demat: INE165E01015
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05-Nov-2008
Business Profile
Orind Exports (ORINEXP), was incorporated on Aug. 24, 1992, is engaged in trading and application of refractory products. It has been promoted by Orissa Industries, K.P. Jhunjhunwala and R. Jhunjhunwala of the Orind group, one of the largest producers of refractories in the Asia-Pacific region and a leading brand worldwide. The group has five manufacturing units and 16 marketing offices across five continents.

The international market of the company has suffered due to low consumption and it is chalking out a business plan, which includes getting into the mining business.

The registered office is located at No 1, Commercial Area, Civil Township, Rourkela-769004, Orissa.


Financials
Orind Exports registered a 24.59% growth in net profits to Rs 0.76 million for the quarter ended June 2008 from a profit of Rs 0.61 million for the quarter ended June 2007.
Net sales declined 47.73% to Rs 0.46 million for the quarter ended June 2008 from Rs 0.88 million for the quarter ended June 2007.
Total income dipped 18.03% to Rs 1.91 million from Rs 2.33 million for the quarter ended June 2007.
The earnings per share (EPS) of the company stood at Rs 0.05 for the quarter ended June 2008.

Future Plans
The company has chalked out a business plan in the following areas:
-To carry on international trading of refractory products having tie-ups with manufacturers in China.
-To develop total refractory management including supply and maintenance of refractory products.
-To trade in the required raw material required for manufacturing refractories.
-To enter into the mining business. Orissa Industries promoted Magnesite & Minerals, which is in the mining business with a magnesite mine at Pithoragarh. It is a sick company and it is proposed that the company take over its mining business.



In Brief

 
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