Our Company was incorporated on April 29, 2004 as a public limited company under the Companies Act, 1956 bearing No. U 32300 MH 2004 PLC 145995 having its registered office at Boston House, Ground Floor, Near CineMagic Theatre, Suren Road, Chakala, Andheri (E), Mumbai 400 093, Maharashtra, India.
Our Company started its first manufacturing plant for the production of Compact Disc Recordable (CDRs) and Digital Versatile Disc Recordable (DVDRs) in the year 2005 at Taluka Bhachau, Dist- Kutch, Gujarat, which began its commercial operations on April 04, 2005.The process for production of CDRs involves in a row drying of raw materials, injection moulding, cooling, dye coating, edge washing, marking, scanning of defects, drying, metallization, lacquering, ultra violet curing, printing and packaging of the CDRs. This chain of process is available in one line and our Company initially had five such lines out of which four lines were manufacturing 2 lacs CDRs per day and 720 lacs CDRs per year running at 82% capacity with production of CDRs on four lines. The fifth line was manufacturing 20,000 DVDRs per day making it 72 lacs DVDRs per year. In view of huge demand in CDRs, the DVDR manufacturing line was converted to CDR manufacturing line in August 2006.
After successfully operating five such lines, the company expanded by adding another five lines in the second half of 2006. The production in the expanded 5 lines started in the January 2007.There are now 10 manufacturing lines and current capacity of the plant is 5 lac pieces of CDRs per day and 1800 lac pieces per year. Currently the plant is running at 100% capacity with production of CDRs. The lines are interchangeable and can be converted DVDR lines at any time.
Our Company has set up jointly with our Group Company Euro Ceramics Limited, lignite based 10MW Captive power plant. Presently, the entire power requirement of the unit is met by the Captive Power Plant. Our Company has incurred one fifth of the Capital costs and is eligible to produce and consume 20% of the total installed capacity.
Our Unit also enjoys exemption from excise duty under the provisions of notification No.39/2001-CE, dated July 31, 2001 giving five years excise free holiday for units in Kutch District of Gujarat and Sales tax exemption under the provisions of G. R.No.INC/10200/903/7 dated 09-11-2001 as amended from time to time up to a maximum limit of Rs.4167.15 lacs or for a period of seven years whichever is earlier.
Aim / Vision / Mission
Our vision is to make EML a trusted brand name by:
Creating a distinct status for our self in the CDR DVDR business and Solar Photovoltaic business.
Driving growth through both organic & inorganic initiatives.
Keeping shareholders’ interests at the core of business and put customer satisfaction on top of the agenda.
Year of Establishment
Nature of Business
Posted on: [11-JAN-10]
Happenings / News / Press Coverage
Euro Multivision Limited (“EML” or the “Company”), the second largest company engaged in the manufacturing of CDRs and DVDRs (Source: Optical Disk Manufacturers Welfare Association), has filed the Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”) to enter the capital market soon with an Initial Public Offering (“IPO”) of 88,00,000 equity shares of Rs 10 each for cash at a price (“Equity Shares”) to be decided through a 100% Book-Building Process. The Issue will constitute 36.97 % of the post issue paid up capital of the Company.
The Issue comprises a Net Issue to public of 86,00,000 Equity Shares of Rs 10 each and a reservation of upto 2,00,000 Equity Shares of Rs 10 each for the employees. The Company is considering a pre-IPO placement (“Pre-IPO Placement”) subject to a minimum Net Issue to the Public being 25% of the post Issue paid-up capital of the Company. The Equity Shares are proposed to be listed on Bombay Stock Exchange Ltd. (“BSE”) and National Stock Exchange of India Ltd. (“NSE”).
EML proposes to build a photovoltaic solar cell manufacturing unit with a capacity of 40MW per year at a total cost of Rs 16,756 lakh at Taluka Bhachau, Kutch, Gujarat. The Company proposes to set up this photovoltaic plant in a Special Economic Zone to be developed by them. The Company proposes to meet this fund requirement through the proceeds from this Issue and the term loan component.
Incorporated in the year 2004, the Company has set up a plant for the manufacture of Compact Disc Recordables (CDRs) and Digital Versatile Disc Recordables (DVDRs). It commenced commercial production in April 2005 with five manufacturing lines having an installed capacity of 720 lakh units of CDRs and 72 lakh units of DVDRs a year. After successfully operating five lines in the first year of its commercial operation, the Company expanded its capacity by adding another five manufacturing lines in the second half of financial year 2006-07 taking the total to 10 manufacturing lines with a total installed capacity of CDRs to 1,800 lakh units a year. These lines are interchangeable and are convertible to manufacture DVDR as and when the requirement arises. Also these lines are compatible for manufacturing of pre recorded CD’s and DVD’s. In the same financial year, the DVDR manufacturing line was converted into CDR manufacturing line. The CDR production is fully stabilized and is operating on full capacity.
EML’s manufacturing facility is situated at Taluka Bhachau, Kutch, Gujarat, which ensures international quality standards with optimum utilization of installed capacities. The major parts of the manufacturing facility are procured from VDL ODMS B.V, Netherlands, which is one of the leading suppliers for CDR manufacturing technology. Further, the manufacturing facility operates in Class 10000 (class 10,000 clean rooms, which enable it to produce clean, sterile, aseptic and dust-free products and components) environment with antistatic work stations. The manufacturing facility is completely powered by a captive power plant for uninterrupted supply.
The Book Running Lead Manager (“BRLM”) to the Issue is Anand Rathi Securities Limited.
Best Regards, Jatin Chandan For S.H.Bathiya & Associates.
Euro Multivision Ltd.http://www.indiamart.com/euromultivisionltd/
Boston House, Ground Floor, Suren Road, Chakala, Andheri (E),, Mumbai - 400093, Maharashtra, India