Thursday, August 4, 2011

Paras Petrofils Ltd................A Penny Stock

Paras Petrofils Limited is incorporated on 20th March 1991, The company is promoted by Mr. Devraj Jain, Mr. Kailash Chand Jain, Mr. Raghubir Singh Jain, Mr. Anand Kumar Jain, Mr. Ashok Kumar Jain & Mr. Des Raj Jain of Paras Group. The promoters of the company have a long experience of 2 to 3 decades in trading of the gray fabrics & processing of the cloths at dyeing & printing mills of their own or getting job work outside & also worked as commission agents in this trade at Surat. In March, 1998 further company came up with its forward integration project of establishing Texturising plant with cost of Rs.552.70 lacs (with capacity of 3080 TPA). In the year 2002 company undertook Expansion envisaging addition of 3325 TPA of Fully Drawn Yarn (FDY) to the existing capacity. Company was the Pioneer in Fully Drawn Production (FDY) production in India. FDY have improved both, the top and bottom line of the company significantly as FDY is a more value added product...Risky investment can buy for 3-4yrs . CMP 0.50paisa .

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