Ventron Polymers Limited was incorporated on 15th June, 1993 in the
 State of Maharashtra as Public Limited Company under the Companies
 Act, 1956 with its Registered Office at Bombay and obtained
 Certificate of Commencement of Business on 2nd July, 1993.
 
 The Company proposes to set up a project to manufacture cable filling
 compounds for normal and optical fibre cable with absorbing properties
 in technical collaboration with CHEMISCHE FABRIK STOCKHAUSEN GMBH,
 Germany. The products to be manufactured are 5400 TPA of Normal
 Jelly, 1080 TPA of Synthetic Jelly, 450 TPA of Jelly for Optical
 Fibres, 450
 TPA of Splicing Compounds.
 
 Though the Company was incorporated during June 1993, the project
 could not be implemented immediately. The Company earlier identified
 the location at Ankleshwar but later on decided to set up the project
 at Silvassa to avail various tax benefits offered by the Government.
 The Company prepared the project report and approached financial
 institutions for term loan.  Simultaneously, the company identified
 the collaborators and finalised the tieup for collaboration.
 Subsequently, appointment of key personnel was finalised and steps
 were taken for various infrastructure facilities. The project is
 expected to be
 implemented as per the schedule mentioned elsewhere in the
 prospectus.
 
 The products proposed to be manufactured by the Company falls under
 the Category of SPECIALITY CHEMICAL INDUSTRY. The growth in the
 telecom sector industry due to massive installation of communication
 network throughout the country also helps technology oriented growth
 of telephone cables (jelly filled and optic fibres) industry,
 throughout
 the country. There are 14 telephone cable manufacturers and 4 optical
 fibre manufacturers in the country. With recent liberalisation policy
 and economic reforms, Government has also declared its new telecom
 policy, according to which Department of Telecommunication (DOT) is
 centrallised further into local units, encouragement to private
 sector
 in both distribution and installation of telecom network. At present
 there are no manufacturers of the filling compound with the similar
 properties which the Company proposes to manufacture, and hence in
 near future Company does not foresee any competition from other
 Companies.
 
 SUBSIDIARY COMPANIES
 
 The Company does not have any subsidiary Company.