ABOUT KAMARHATTY COMPANY LIMITED DELISTED SHARES
KAMARHATTY COMPANY LIMITED is one of the oldest composite Jute mills in the world. It was established under British Managing Agency in 1877 and is located on the banks of the Ganga in Kolkata. The company is a part of the Kamarhatty Group. The company is now engaged in the business of Jute, Paper, Warehousing, and Power Generation. Kamarhatty Company Limited has attracted over US$ 7 million of investments for setting up a fine yarn unit, bleaching, and dyeing unit, and in scaling up and modernization of existing capacity. The company is primarily in the business of manufacturing packing and packaging materials in the form of various jute products. The product range of the company includes Jute Bags, Hessian, Sacking, Floor Coverings, Rope, Yarn & Twine, Wine Bottle Bags, and Ladies' Bags. The company also produces Kraft paper and has the capacity to produce 30 MT per day. The company manufactures Kraft Papers of quality ranging from 16 – 20 BF from waste paper. The company also owns a warehousing space of more than 0.3 million square feet. This space is given on contractual arrangements for medium-term to third parties.
INCORPORATION DETAILS
|
CIN |
L51109WB1877PLC000361 |
|
Registration Date |
28 September 1877 |
|
Category/Sub-category of the Company |
Limited by Shares |
|
Address of the Registered office and contact details |
16A Brabourne Road, Kolkata - 700 001 Phone:- 91-33-40211917/1901 |
|
Name, Address, and Contact Details of Registrar and Transfer Agent, if any |
MAHESHWARI DATAMATICS PVT LTD, 23, R.N. Mukherjee Road, 5th Floor, Kolkata-700001 Phone - 91-33-22435029/5809 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Jute Products |
131,139 |
95.82% |
|
Paper Products |
- |
4.18% |
BOARD OF DIRECTORS
Ila Sengupta (Independent Director)
A. Dasgupta (Independent Director)
S. Z. Hussain(Independent Director)
S. K. Agarwal (Managing Director)
H. Nahata (Executive Director)
PARTICULARS OF SUBSIDIARY COMPANIES
|
Name of the Company |
% of shares held |
|
Kamarhatty Power Limited |
63.02% |
SHAREHOLDING PATTERN (As of 31-03-2020)
|
S. No. |
Shareholder’s Name |
Number of shares |
% of total Shares of the company |
|
1 |
Promoter Shareholding |
31,29,000 |
55.69% |
|
2 |
Public Shareholding |
24,88,000 |
44.30% |
|
|
Total |
56,17,000 |
100.00% |
INDUSTRY OUTLOOK
India Ranks First in Jute production in the world. The Jute industry occupies an important place in the national economy of India. In India, Jute is mainly grown in Odisha, West Bengal, Assam, Tripura, Meghalaya, and Andhra Pradesh. There are about 170 jute mills in India, of which West Bengal has 60 jute mills. The Jute Industry of India is a labour-intensive industry and provides employment to around 4 lakhs workers in India. Moreover, Jute is the 2nd most abundant natural fibre in the world. Jute is used for handicrafts, carpet backings, curtains, sandals, carry bags, furniture, insulation, ropes, gunny bags, and many more.
The weather condition for the growth of raw jute crop in the season of FY 2021 is expected to deteriorate compared to the previous season and with carrying forward stock from the previous year due to lockdown of 100 days, going forward prices of raw jute is likely to be balancing with an upward bias compared to the previous year.
During the present operating cycle, the demand for ‘B’ Twill bags from the Government Procurement Agencies continued to be decent, in fact, Jute Industry could not fulfil the demand on several occasions as per the delivery schedule mainly because of bunching of orders by the Procurement Agencies and lower capacity utilisation resulting from shortage of manpower.
The Demand for ‘B’ Twill bags from the Government Agencies for packaging of food grains is estimated to be strong consequently there is an opportunity for the Jute Industry to enhance the production as much as possible & fulfil the demand.
With the signing of triparti agreement, minimum wages have increased significantly from Rs. 257 to Rs. 370 per day. Due to the introduction of an attendance allowance, the hike in wages is likely to help in the better availability of the workforce in the coming year.
