Ceenik Exports (India) Ltd.

Ceenik Exports, having its Registered Office in Bombay, was set up as
 a proprietorship firm in the year 1982 by  Mr.Nanikdas Hingorani
 alongwith his son Mr. Lachman N. Hingorani.  The firm with an initial
 capital base of Rs.1.50 lacs was started with the object of
 undertaking export of readymade garments to United States of America.
 Since inception, export was identified as the thrust area with special
 emphasis on women 5 garments as this segment of the business had huge
 growth potential.  In the export of readymade garments, quality and
 adherence to delivery
 schedules are of prime essence.  With this as its business mission,
 the promoters identified a core group to work exclusively for the
 firm on contract basis.  This aided the company to ensure
 international quality standards and adhere to strict delivery
 schedules.  This went a long way
 in assisting the company to build up its reputation with its overseas
 customers and consolidate its position in the international market.
 
 By 1986, export of ready made garments from India gained momentum
 with the entry of new players.  This led to competition where
 survival was entirely dependent on timely execution and adherence to
 standards.  With a view to exercise control over these factors, the
 Company acquired
 premises admeasuring 2850 sq. feet.  Activities like cutting,
 pressing, finishing and packing were transferred under its fold. 
 This was financed out of the internal accruals of the Company.  This
 shift in activity not only helped it to improve quality but also
 increased its profit margins.  Thus in a decade of its existence the
 firm was
 able to firmly establish its position in the overseas market by
 having its own list of committed overseas customers in United States
 of America and United Arab Emirates.  For the accounting year
 1993-94, the Company
 achieved an export turnover of around Rs.600 lakhs. 
 
 Subsequently, the proprietorship firm was converted into a
 partnership firm in July 1994 by inducting three new partners namely,
 Mr. Lachman N Hingorani (S/o. Nanikdas Hingorani), Mrs. Renu Hingorani
 (W/o. Lachman N Hingorani) and Mrs. Chandra Hingorani (W/o. Nanikdas
 Hingorani).  The
 existing capital of sole proprietorship firm was distributed among
 the new partners in the ratio of 20:20:60 respectively.  In September
 1994 four new partners joined the firm by inducting a sum of Rs. 0.20
 lacs as their contribution towards the capital of the firm.
 
 The new partners were Mrs. Kavita Hingorani (W/o. Narain Hingorani),
 Mr H. R. Teckchandani, Mrs. Vidya R. Teckchandani and Mr. Anil Mishra
 and the profit sharing ratio reworked in proportion to the revised
 capital
 contribution.  Subsequently, the partnership firm was converted into
 a Limited Company under the name and style Ceenik Exports (India)
 Limited vide Part IX of the Companies Act 1956 on January 27, 1995. 
 Thus, the existing assets and liabilities of the partnership firm on
 book value were transferred to the Company.
 
 In the last five years of operation, the turnover of the firm has
 increased from Rs.325.77 lacs in 1989-90 to Rs.1129.84 lacs in the
 year 1994-95 (upto 26.01.95) thus registering a growth of 246%. 
 Similarly, the net profits of the firm have registered a growth rate
 of 1244% increasing from Rs.11.39 lacs in 1989-90 to Rs.153.12 lacs
 in the year 1994-95 (upto 26.01.95)
 
 Since the firm's conversion into a Company on January 27, 1995,
 Ceenik Exports (India) Limited has posted a turnover of Rs.15.63 lacs
 and a net Profit of Rs.2.24 lac for the period commencing from
 27.01.95 to 31.03.95.
 
 2002
 
 -Ceenik Exports India Ltd has informed BSE that in its Board Meeting
 held on July 31, 2002 the Company has appointed Mr Haresh R.
 Teckchandani as a Director with immediate effect. The Company has
 further informed that Mrs Chandra N Hingorani has resigned from the
 Board of Directors with immediate effect.
 
 2010
 
 --Registered Office of the Company has been shifted to 10-A, Jeevan
 Jagruti, Dr. Ambedkar Road, Bandra (W), Mumbai-400050.