The Comp. was originally started as a partnership firm under the name & style of 'M/s. RAJESWARI GRAPHICS' with its principal place of business at Madras. with a view to expand its business further, it purchased the machineries of offset division of Sri RajaRajeswari Process [along with the pending orderss] & completed the transaction on 1st April 1993.
Consequent to a change in the constitution of firm on 2-4-1993, revaluation of assets & liabilities was carried out so as to reflect the true worth of firm before admission of three new partners. Plant & Machinery having a original cost of Rs. 26.70 lacs was revalued at Rs.77 lacs as per the certificate of Mr. Srinivasan, Chartered Engineer. The surplus on revaluation was credited to the current Acc. of the existing partners.
For the sake of smooth working, better & efficient management improvement & advancement of business, the said firm was converted into a Limited Comp. & incorporated under the Companies Act, 1956 as RAJESWARI GRAPHICS LIMITED on 19th April 1993. The certificate of commencement of business was obtained on 10th May, 1993. The members of Partnership firm were issued equity shares in lieu of shares standing to their credit [to the extent of Rs. 72.09 lacss] by Comp. after the conversion as aforesaid.
The financial highlights of firm before its conversion as Limited Comp. as well as financial highlights of other Associate concerns are given elsewhere in this prospects.
The Comp. has been engaged in Printing of all kinds of materials including Books, Periodicals, Magazines, Leaflets, Advertisement materials, Packaging materials etc. through letter press, Offset, Lithopress & other modes of Printing machines. It is also engaged in the process of Photo typesetting, Composing, Desktop publishing & color scanning for all kinds of printing. The Comp. belongs to a group called 'RAJESWARI GROUP' well known in the printing industry in South India & enjoys extraordinary goodwill for the name 'RAJESWARI' in the industry today.
With the present activities the Comp. has attained a turnover of Rs. 47.64 lacs for year ended 31st March 1994 with a net profit of Rs. 13.40 lacs. The current turnover for six month ended 30th September 1994 is Rs. 20.26 lacs with a profit of Rs. 4.83 lacs.
The present capacity of Comp. is :
Installed Capacity Utilised capacity Impressions in% on Installed cap.
Offset single
colour 22.50 lacs 90% Typesetter 43.20 lacs 51%
EXPANSION PROJECT
The Comp. plans to expand its activities in order to cater to the ever expanding market & customer requirements. It has planned a Rs. 477 lacs expansion project which involves purchase of sophisticated DIGITAL GRAPHIC COLOR SCANNER called Magna Scan from Crosfield Electronics Ltd., U.K, one four colour offset printing machines of Dominant make from Czech Republic & two web offset Mark 62 machines from Manu Enterprises Limited, and one two colour offset [along with necessary ancillary machiness] will mainly cater to the requirements of form printing for public issues & publishing houses.
It projects its turnover for year ended 31st March 1995, at Rs. 78 lacs & the estimated pre-tax profits of company will be around Rs. 21.94 lacs approximately.
MAIN OBJECTS OF THE COMPANY
The main objects of Comp. as detailed in its Memorandum of Association are as follows :
1. To become vested with & continue the co-partnership business now being carried on in the name of M/s. Rajeswari Graphics including all its assets, rights, debts & liabilities and the rights & liabilities of parties hereto in the said copartnership business & in connection therewith.
2. To engage in the process of phototype setting, composing desktop publishing & other modes of typesetting & to engage in the process of colour scanning used for printing of all kinds of Books, Periodicals, Magazines, Leaflets, Advertisement materials, Packaging materials etc.
3. To engage in printing of all kinds including Books, Periodicals, Magazines, Leaflets, Advertisement materials, Packaging materials etc., through Letterpress, Offset, Lithopress & other modes of printing machines.
4. To buy, store, sell or supply, deal in, export or import, tranship & transport all kinds of materials used in printing business whether in wholesale or in retail.
5. To engage in the business of publishing, periodicals, Magazines etc., including buying & selling & import and export of such materials whether wholesale or retail.
SUBSIDIARY COMPANY
The Comp. doesn't have any subsidiaries.
2002- Mr G Babu has resigned from the office of Director[Technicals] from the Board of Directors of Rajeswari Graphics Ltd with effect from November 6, 2002.