The 5-year analysis of VR Woodart Ltd's performance infers:
We analysed the performance of VR Woodart Ltd share prices over the last 10 years. Here is what we found out:
VR Woodart Ltd was incorporated as a Public Limited Company in the State of Kerala on February 3, 1989, it obtained Certificate of Commencement of Business on March 16, 1989.
With the help of term loans from ICICI & KSIDC, the Comp. started establishing a 100% EOU for manufacture of solid laminated boards out of rubberwood which is a substitute for rain forest timber thus helping in conserving our precious National rain forest wealth.
The commercial production was started on 1st
The commercial production was started on 1st August, 1990. The company, the product & the technology being new, the promoters had a lot of hard work to do in respect of developing the right technology for treating & seasoning the rubberwood that would be acceptable in the international market; manufacturing the end products to cater to the quality conscious export market; marketing the products, which are new & produced using a new technology, penetrating the international market. Having established the unit, the Comp. went in for an expansion at a cost of Rs2.64 crore through a Public Issue in October 1992. The commercial production under expanded capacities started in January, 1993.
The Company is presently engaged in the manufacture & export of quality treated seasoned, finger-jointed, glue laminated boards.