About UsParwaz Overseas Pvt. Ltd. was set up in the year 1992 by Mr. Devi Ram Garg and Mr. Hari Chand Mangla with the objective to export commodities like Wheat, Rice and Pulses. After its take over in the year 1994, the Company has been steadily heading towards success under the experienced supervision of Mr. Parvesh Manchanda and Mr. Naval Manchanda, the whole time directors of the Company. Mr. Parvesh Manchanda and Mr. Naval Manchanda are both Graduates from Delhi University who have been born and brought up in the family of rice manufacturers and traders. They carry an experience of 35 years in the field of rice trading and are therefore very sharp at judging the quality of rice and studying the market trends. Under their guidance, the company experienced steady growth in terms of annual turnover and profits. The turnover & profit of the Company for the past 3 Assessment years were: | Turnover | Profit | | 2005-2006 Rs. 166 Million | 2004-2005 Rs. 1.50 Million | | 2006-2007 Rs. 167.4 Million | 2005-2006 Rs. 1.05 Million | | 2007-2008 Rs. 177.63 Million | 2006-2007 Rs. 0.747 Million | The company has its own rice processing unit with a capacity to process 20000 MT rice per annum, at 26/22, Delhi Capital of India. The plant is functioning at 35% of its actual capacity and the company targets to use it optimally, very shortly. Also, the unit is capable of handling installed capacity, on lease. For the present year, the company aims to cross the targeted sales of Rs. 200 million of which more than Rs. 146.5 million have already been achieved. On the basis of market reputation enjoyed by both the directors, the company anticipates to achieve the targeted sales without any hassles. |