The 5-year analysis of Tuni Textile Mills Ltd's performance infers:
We analysed the performance of Tuni Textile Mills Ltd share prices over the last 10 years. Here is what we found out:
Tuni Textile Mills was incorporated as a private limited company on July 6, 1987 and was converted into a public limited company by passing a special resolution under section 31 of the Companies Act, 1956, on March 25, 1992 and certificate dated August 6, 1992 was obtained from Registrar of Companies, Maharashtra to that effect.
The companyâ€™s Murbad unit is not functioning up to the mark, and work in the Dadra plant has been suspended since December 2003.
The company was declared
The company was declared as sick industrial undertaking in 2002, under the Sick Industrial Companies (Special Provisions) Act of 1985, and a rehabilitation/settlement scheme is under consideration with State Bank of India, its operating agency.
The registered office of the company is located at Mumbai and plants at Murbad in Thane district of Maharashtra and Dadra (Silvassa) in Dadra & Nagar Haveli.
Business area of the company
The company is engaged in the business of manufacturing and marketing of synthetics fabrics and also deals with texturised yarn. The main products of the company being grey fabrics and polyester texturised yarn, the raw materials used are yarn and POY.