Super Sales India Ltd share Price

Super Sales Agencies (SSAL), an associate member of the Lakshmi Machine Works group, was incorporated on 18 Sep.`81. Initially it commenced the business of erection of textile machinery. Later on, it started marketing textile machinery manufactured by Lakshmi Machine Works (LMWL), in collaboration with Mori Seiki, Japan. SSAL is also engaged in leasing of generators to meet the requirement of small-scale industries during power cuts. In Jan.`85, the company purchased a spinning mill with an installed capacity of 31,104 spindles and since then it is operating the said spinning mill. In Jan.`92, SSAL came out with a rights issue of 15.75 lac equity shares, at a premium of Rs 40, aggregating Rs 7.88 cr. The proceeds of the issue were utilised to part-finance a Rs 11-cr project to establish a new spinning mill with 14,400 spindles at Pollachi, Tamilnadu. This unit started production in 1994. The yarn produced by this unit is of a very high quality and commands a good price in the market. SSAL has increased the installed capacity of Rotors by 216 Nos. The sales in the Textile Machinery was effected during the year, due to general recession in the textile industry and also due to lesser restrictions in the import of second hand textile machinery. The Agency Division has taken up Agency for sale of Textile machinery manufactured by M/s Textool Company Ltd during the year 2001. The company is focusing on productivity,quality and cost reduction to bring about an improvement on the working of this division as well. Out of the three units under Textile Division,two are engaged in manufacturing of grey yarn,and one of its unit at pollachi had a optimum capacity throughout the year and the company expects a healthy performance in the coming years when compared to previous year.