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Sarla Performance Fibers Ltd.

BSE: 526885 | NSE: SARLAPOLY |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE453D01025 | SECTOR: Textiles - Processing

BSE Live

Aug 14, 16:00
16.80 -0.90 (-5.08%)
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NSE Live

Aug 14, 15:59
16.80 -0.75 (-4.27%)
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Company History - Simplex Projects
Our Company was incorporated as Simplex Projects Limited under  the
 Companies Act, 1956 on 31st October, 1990 in the state of  West
 Bengal and registered with the Registrar of Companies,  West Bengal
 vide Certificate of incorporation number 21- 050101 
 with its Registered Office situated at 12/1, Nellie Sengupta  Sarani,
 Kolkata-700087. The Certificate of Commencement of  Business was
 obtained on 6th December, 1990 and the operations were started in the
 year 1992. There is no change of name since 
 incorporation till this date. The Promoters of our Company are  three
 natural persons and four companies. The natural persons  who are our
 Promoter are Mr. Balkrishandas Mundhra, Mr. Raghav Das Mundhra and
 Mr. Sudarshan Das Mundhra. The companies,  which are our Promoters,
 are Simplex Fiscal Holdings Private  Limited, Kirti Vinimay Private
 Limited, Pioneer Engineering Company Private Limited and Bharat
 Gypsum Private Limited.
 Our Company was initially promoted by Late Mr. Madhodas  Mundhra
 along with his three sons viz. Mr. Bithaldas Mundhra,  Mr.
 Shreemohandas Mundhra and Mr. Balkrishandas Mundhra 
 in the year 1990 as part of the Simplex Group with Simplex  Concrete
 Piles (India) Limited (Currently known as Simplex  Infrastructures
 Limited) as the flagship of the Group. Our Company 
 started business by taking projects on subcontract basis from 
 Simplex Concrete Piles (India) Limited (Currently known as Simplex 
 Infrastructures Limited) and moved further by taking contracts
 Soil and Foundation Engineers Private Limited, which was also  the
 part of Simplex Group, was incorporated on 1st April 1991 and 
 registered with the Registrar of Companies, West Bengal with its 
 registered office situated at 12/1, Nellie Sengupta Sarani,
 Kolkata-700087. Soil and Foundation Engineers Private Limited  was
 engaged in the business of construction of pile and pile foundations,
 buildings and bridges. Further, to synergize the operations and
 considering the similar nature of business, Soil and Foundation
 Engineers Private Limited was amalgamated withour Company with effect
 from 31st March 1994, in pursuance of 
 the orders dated 24th April 1995 by the Hon'ble High Court of 
 In the year 2002, there was a division between the three brothers 
 viz. Mr. Bithaldas Mundhra, Mr. Shree Mohandas Mundhra and  Mr.
 Balkrishandas Mundhra. As a result of this separation, our 
 Company came under the control of Mr. Balkrishandas Mundhra  along
 with his two sons viz. Mr. Raghav Das Mundhra and  Mr. Sudarshan Das
 Our Company, under the aegis of Mr. Balkrishandas Mundhra,  started
 activly participating in the various government and private sector
 projects. The scope of the project for which our Company used to bid
 was expanded and we started bidding for diversified projects ranging
 from Multi-storied Buildings, Group Housing complexes, Industrial
 complexes. Currently we have become a well diversified construction
 company and the activities rangedfrom Piling, which is the niche
 segment of our Company, to other civil constructions, which included
 Buildings, Bridges & Flyovers, Factory and Industrial Structures. The
 turnover of our Company 
 in the year 2000-2001 was Rs. 3,397.35 Lacs with the PAT of Rs. 72.10
 Lacs. During the year 2006-2007 our turnover has increased to Rs.
 13575.71 Lacs and PAT has increased to 
 Rs, 1049.21 lacs
 In the year 1999, our Company entered into an agreement with the
 Kolkata Municipal Corporation to install, run and maintain the Multi
 Level Car Parking System in Kolkata on Built Own Operate and Transfer
 (BOOT) basis for a period of 20 years. However, in 
 the year 2000 the business of Installation, Development, Operation
 and Maintenance of Multi-level Automated Car Parking Systems was
 transferred to our wholly owned Subsidiary, Simpark Infrastructure
 Private Limited. Simpark has established the fully automated multi
 level car parking system at Kolkata in the year 2001. Another fully
 automated car parking system at Kolkata, which is below the ground
 level has become operational from April 2007. 
 Simpark is in the process of launching the semi automated version of
 the multi level parking systems to cater the demand of private
 parking space.
 Our Milestones
 Sr.No.   Major Event                                                 
 Year of Incorporation.                                               
 First commercial operation.
 Merger of Soil & Foundation Engineers Private Limited. 
 Housing Project for Simplex Concrete Piles(India) Limited on behalf
 of CGEWHO at 
 Kaikhali in Kolkata on turnkey basis.
 Introduction of Tunnel shuttering Technology in our projects. 
 Awarded Metro Rail Project at Chennai,Tamil Nadu. 
 Awarded office complex project of BPCL at Prince Anwar Shah Road by
 Calcutta           Improvement Trust.
 Awarded Rail bridge at Digha-Tamluk by South Eastern Railway-Value
 Rs.16.00 crores.
 Revival of Star Theatre at Kolkata awarded by Calcutta Municipal
 Awarded 12 nos. of Rail Bridges by Konkan Railway Corporation Limited
 in various parts of 
 Jharkhand state value over Rs.70.00 crores.
 Awarded Flyover Project at Taratala, Kolkata by Public Works
 Annual Turnover crossed Rs.6000 Lacs
 Awarded Road & Rail Over Bridge by M/s.Nagarjuna Construction Company
 Limited            value Rs.88.82 crores at Patna.
 Completed more than 10000 nos. of driven pile for National Buildings
 Construction Corpn. Ltd., Godrej Properties Limited and Bengal 
 Unitech Limited.
 Awarded ISO 9001 by Kvalitet Veritas Quality Association Ltd. 
 The Company has bagged contracts for Piling, Foundation and
 Residential Complex primarily in Kolkata and The total value of the
 project, including the cost of materials, is approximately Rs 115
 Simplex Projects Ltd has received a contract for Development and
 Management of Multi-level Car Parking Project at Salt Lake, Kolkata
 under Built Operate and Transfer (BOT) basis under joint venture with
 Kolkata Metropolitan Development Authority.
 E-mail ID for Investor Grievances: investors@simplexprojects
 The Company has been awarded from Government of Libya, as Public
 Works Contract, for execution of 2000 (Two Thousands) housing units,
 service buildings and related infrastructure on turnkey basis in
 Ghira, Libya. The total estimated value of the project, is
 approximately LD 531,300,000 (Five Hundred Thirty One Million and
 Three Hundred Thousand Libyan Diner only).
 Simplex Projects Ltd has bagged three contracts for earth works and
 constructions of feeder channel and canal works in the region of
 Mahoba, Uttar Pradesh from the Irrigation Dept.and The total value of
 the contracts including the cost of materials aggregates to Rs. 407
 Simplex Projects has signed a Development Agreement for Development,
 Installation and Operation and Maintenance of a multi-level car
 parking facility at Pan Bazaar, Guwahati, awarded by The Chief
 Executive Officer, Guwahati Metropolitan Development Authority
 (GMDA), Bhanagarh, Guwahati, Assam on Design, Build, Finance, Operate
 and Transfer (DBFOT) basis and The Project cost is estimated at Rs. 40
 -Simplex Projects Ltd has considered and recommended a dividend at