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Shervani Industrial Syndicate Limited
Sector:Others Others - Miscella - Others
BSE:526117NSE:NABloomberg:GEEP@INReuters:SHER.BO
Market Lot: 1Face Value: 10ISIN Demat: INE011D01013
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23-May-2014
Business Profile
Shervani Industrial Syndicate (SHERVANI), incorporated in 1948, is engaged mainly in the manufacture of flashlights. Earlier known as Geep Industrial Syndicate, it acquired its present name with effect from May 21, 1999.

Located at Allahabad in Uttar Pradesh and Mysore in Karnataka, the manufacturing units has installed capacities of 5 million flashlight cases, 153 million dry cell batteries, and 6 million miniature lamps and undertakes related job work. In FY08, due to non receipt of adequate orders for production of flashlights, the company suffered huge operational losses and shareholders have approved to dispose off the flashlight and dry-cell battery division. Tara Snacks & Foods is a subsidiary.

The registered office is located at 332, Shervani Nagar, Sulem Sarai, Harwara, Allahabad-211011, Uttar Pradesh.


Financials
The company disclosed fall of 143.06% in standalone net profit on y-o-y basis to Rs 3.10 million, while total income dropped 99.49% y-o-y basis to Rs 0.20 million for the quarter ended March 2014.

Future Plans
Negotiations are on with established manufacturers for revival of business and regular orders on revised rates on account of cost reduction achieved.

In Brief

 
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