The 5-year analysis of Ramasigns Industries Ltd's performance infers:
We analysed the performance of Ramasigns Industries Ltd share prices over the last 10 years. Here is what we found out:
Rammaica India, incorporated on March 31, 1981. Earlier known as Ram Decorative and Industrial Laminates, it got its present name on July 13, 1992. The company's registered office is at Goregaon (West), Mumbai.This company belongs to RAMS group of companies and has been promoted by Ramabtar Jhunjhunwala alongwith his family.
RMIL, with effect from April 1, 1993 has taken over the activities of its group company, Ramglas (India) Limited, engaged in the manufacturing and marketing of
RMIL, with effect from April 1, 1993 has taken over the activities of its group company, Ramglas (India) Limited, engaged in the manufacturing and marketing of Decorative Fibre glass reinforced sheets under the brand name RAMGLAS.
It has been in the business of manufacturing and marketing decorative laminates. Paper-based laminated decorative sheets, paper laminated industrial boards, acrylic sheets and copper clad laminates are manufactured at the company`s works at Tarapur in Maharashtra with installed capacities of 10,000 sq. m. industrial laminates and 3,000 MT decorative laminates.
Manufacturing operations of the company are suspended since December 14, 1995. On account of this, losses have been accumulated, and a court receiver was appointed by the Mumbai High Court to resolve a recovery suit. This matter is now with Debt Recovery Tribunal, Mumbai, for final disposal.
Maharashtra Laminates and Hanuman Laminates (India) are its subsidiary companies.