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BIL Continental > Company History > Textiles - General > Company History of BIL Continental - BSE: 530841, NSE: N.A

BIL Continental

BSE: 530841|ISIN: INE151F01012|SECTOR: Textiles - General
Dec 10, 16:00
BIL Continental is not listed on NSE
Company History - BIL Continental
 Bholanath International Ltd. was incorporated as a private limited
 company in the name and style of Bholanath Carpets Pvt. Ltd. on 21st
 July 1973 and was converted into a Public Limited company on 25th
 September 1989.  The name of the Company was subsequently changed to
 Bholanath International Ltd. w.e.f. 23/9/1994 ano Fresh Certificate
 of incorporation has been obtained from Registrar of Companies, Uttar
 Pradesh, Kanpur.  With the objective to diversify in export of
 products other than Carpets, the name of the Company was changed to
 Bholanath International Limited to represent the true nature of
 business of the company.
 In view of competition in carpet, BIL through its own  R & D,
 concentrated to develop its own design and colours and colour
 combinations switched over to higher knottage quality carpets and
 established its place in the international market due to
 exclusiveness of its product range.  
 The company initially started to manufacture and export of carpets,
 and subsequently covered all items of floor  covering, i.e. Dhurries
 rag-rugs, Jute mats, Rubber mats etc.  Through its own R & D efforts,
 concentration in developing own designs, colours & colour combination,
 inhouse facilities, it has established its place in the International
 market due to exclusiveness of its product range, with more than 100
 customers in 23 countries to its strength.
 The main objects of the company as set out in the Memorandum of
 Association are:
 1. To purchase or otherwise acquire and take over as going concern
 and carry on business of rugs and carpets, artificial silk,
 ready-made garments, brassware leather goods, ivory, handloom or
 handicraft products, printing and processing of every description of
 cloth and general merchant, exporters, importers, Brokers and Agent
 in these
 2. To establish, carry on, extend, alter or develop the business of
 manufacturing, buying, selling, distributing, importing, exporting,
 exchanging, altering, converting, materials required by rugs and
 carpets industry, handloom, handicraft, leather goods, brass wares,
 silk artificial silk and every description of cloth.
 3. To acquire. take over and to carry on in India or elsewhere the
 business of buying and selling carpets, handloom, leather goods and
 ivory handicrafts and commission agents, of carrying on forward and
 ready business for immediate or future order in wool, silk either
 raw or finished and other allied products.
 4. The business of buying and selling either on account of the
 Company or on account of and for any other person, firm or company
 cleaned or uncleaned wool, hemp, jute, silk and other fibres,
 piece-goods, cloths of various description- yarn and also to carry on
 forward business in wool or raw  wool or silk or artificial silk yarn
 and all kinds of 
 hessian, hemp, jute and jute twine, dyes, chemicals, coal and packing
 materials etc.
 5. The business of advancing money on silk or artificial silk wool or
 raw wool or other fibres, other produce brought into the Company's
 factories for purpose of manufacturing, selling and buying, entrusted
 to the Company.
 The Company has a subsidiary Company named Bholanath Industries
 Limited in which the company is holding 91.67% of the share capital. 
 Bholanath Industries Limited was incorporated in the year 1992 and is
 engaged in the manufacture and exports of handtufted Carpet.
 - Bholanath International Ltd has appointed Mr. Harish Baranwal and
 Mr. Vivek Baranwal as additional directors of the Company.
 -Company has changed its name from Bholanath International Ltd. to
 BIL Continental Ltd.      
 -The name of the company changed from BIL Continental Ltd. to Shri
 Bholanath Carpets Ltd.    
Source : Dion Global Solutions Limited
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