Euro Multivision Ltd - Stock Valuation and Financial Performance

Euro Multivision Limited, an Euro Group company was incorporated on April 29, 2004 as a public limited company with a vision to tap the vast potential of the Indian market place for CD-R’s and DVD-R’s.

The Euro Group has witnessed a meteoric rise since inception above 18 years back. Setting its feet first in the plywood business with the brand Euro Ply, it later broadened its horizons considerably to offer an array of products. It is one of the leading Group in India engaged in the manufacturing and trading of various interior and exterior building materials, FMCG products, Retail outlets, Malls, and others , such as : Vitrified Floor Tiles, Wall Tiles, Agglomerated Marble, Sanitary Ware, Tile-O-Bond, Aluminium Panels Sheet, Plywood, Mica Sheets, Veneer, Prelam Boards, Canfor (Imported Finished Woods Panels), High Pressure Seamless CNG Cylinder, CD-R & DVD-R, Dry Battery Cell, Photovoltaic Cell, Solar Power Farm, Imported Furniture Mall, Sponge Iron , Wooden Flooring, Aluminium Section, High End Lighting Solution

Euro Multivision started its first manufacturing plant for the production of Compact Disc Recordable (CDRs) and Digital Versatile Disc Recordable (DVDRs) in the year 2005 at Taluka Bhachau, Dist- Kutch, Gujarat, which began its commercial operations on April 04, 2005. The process for production of CDRs involves in a row drying of raw materials, injection moulding, cooling, dye coating, edge washing, marking, scanning of defects, drying, metallization, lacquering, ultra violet curing, printing and packaging of the CDRs. This chain of process is available in one line and our Company initially had five such lines out of which four lines were manufacturing 20 Lacs CDRs per day and 720 Lacs CDRs per year running at 82%capacity with production of CDRs on four lines. The fifth line was manufacturing 20,000 DVDRs per day making it 72 Lacs DVDRs per year. In view of huge demand in CDRs, the DVDR manufacturing line was converted to CDR manufacturing line in August 2006.

After successfully operating five such lines, the company expanded by adding another five lines in the second half of 2006. The production in the expanded 5 lines started in the January 2007.There are now 10 manufacturing lines and current capacity of the plant is 50 lac pieces of CDRs per day and 1800 lac pieces per year. Currently the plant is running at 100% capacity with production of CDRs. The lines are interchangeable and can be converted to DVDR lines at any time.

The Company has set up jointly with its Group Company Euro Ceramics Limited, lignite based 10MW Captive power plant. Presently, the entire power requirement of the unit is met by the Captive Power Plant. The Company has incurred one fifth of the Capital costs and is eligible to produce and consume 20% of the total installed capacity.Euro Multivision Ltd. is embarking upon Photo Voltaic (PV) electricity generation with one 40 MW complete inline Solar PV Cell manufacturing plant to be expanded to 240 MW capacity.

Product range of the company includes:

Compact Disc Recordables (CDRs) 

• CD - R 80 Min
• CD - R 90 Min
• CD - RW 80 Min
• Mini CD - R 24 Min

Digital Versatile Disc  Recordables (DVDRs)

• DVD + RW 4.7 GB
• DVD -R 4.7 GB
• Mini DVD - R 1.4 GB
• Mini DVD - RW 1.4 GB

Milestones:

• April 2004- Incorporation of the Company
• April 2005- Commencement of commercial production of CDR
• December 2005 - Regitration of our Trade mark “Eurovision”
• April 2006 - CDR Production stabilized at 100%
• May 2006 - Certified as ISO 9001:2000 (Quality Management System)
• January 2007 - Capacity expanded from 5 lines to 10 lines
• July 2007 - ISO 14001: 2004 Certificate Received (Environmentally Certified)
• July 2007 - OHSAS 18000: 1999 Certificate Received (Safety Certified)
• August 2008 - Certified as 18001:2007 Manufacture & Supply (Domestic and Export) ofCDRs & DVDRs (Safety Certified)
• April 2009 - The Land for the PV Cell Project notified as an SEZ in the Gazette of India
• June 2009 - Certified as ISO 9001: 2008 (Manufacture and supply of CDRs and DVDRs)

Awards/Achievements

• May 2006 -  ISO 9001:2000 Certificate Received (Quality Management System)
• July 2007 - Certified as ISO 14001 : 2004 (Environmentally Certified)
• July 2007 - Certified as OHSAS 18000 : 1999 (Safety Certified)
• August 2008 - Certified as 18001:2007 Manufacture & Supply (Domestic and Export) ofCDRs & DVDRs (Safety Certified)
• April 2009 - The Land for the PV Cell Project notified as an SEZ in the Gazette of India
• June 2009 -Certified as ISO 9001 : 2008 (Manufacture and supply of CDRs andDVDRs)