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Orient Press Limited
Sector:Printing and Stationery Printing and Stationery - Printing and Stationery
Market Lot: 1Face Value: 10ISIN Demat: INE609C01024
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Business Profile
Orient Press (ORIENTPR) is into the business of printing and distributing public issue stationery and other commercial printing. It was incorporated as a private limited company on Jan. 02, 1987 and converted into a public limited company on Feb. 05, 1991.

The ISO 9001:2000 certified company offers products for the printing and packaging industries including railway tickets, certificates and checks; flexible and paperboard packaging products, and smart cards. It deals in offset as well as gravure printing. Manufacturing units are located in Mumbai, Chennai, the Union Territory of Silvassa, and the Thane district of Maharashtra with annual installed capacities of 6,265 MT, 36 million printing impressions, 204 million paper cartons, 1,592 MT paper boards, 3,000 rotogravure printing cylinders, and 42.1 million other products.

Holograms have been developed for Reliance Industries, Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Indian Oil Corporation, Industrial Development Bank of India and others. The company caters to the railways, capital markets, FMCG and various other sectors. In FY07, it increased its export turnover by 10.59% and is looking to further consolidate on the performance of the flexible packaging segment, which recorded a 35.57% increase in turnover as compared to the previous year. It is under the purview of the Board of Industrial and Financial Reconstruction (BIFR) as a sick company but has been successful in negotiating with the majority of its secured creditors for one-time settlements.

The registered office is located at Plot No L-31 MIDC, Tarapur Industrial Area, Boisar, Thane-401506, Maharashtra.

The company announced rise of 246.43% in standalone net profit on y-o-y basis to Rs 3.83 million, while total income rose 6.59% y-o-y basis to Rs 445.55 million for the quarter ended March 2014.

Recent Developments
Ramvilas Maheshwari, Maheshwari Prakash Ramvilas, Navin Ramvilas promoters of Orient Press has announced of offer for sale (OFS) to divest 15.08% stake in the company to meet SEBI's guidelines on minimum 25% public shareholding.

In Brief

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