Sri Nandaa Spinners Ltd - Stock Valuation and Financial Performance

White House Cotton Industries Limited established in 1989, was promoted by Shri.Abdul Bari, Shri. Mohammed Elyas & Shri. Mohammed Mukthar, the promoters of White House & White House Process Pvt. Limited, well known Madras based companies which are established names in the field of processing of knitted fabric. WHCIL was originally incorporated as a Private Limited Comp. On October 27, 1989, under the name of White House Cotton Industries Private limited. It was converted into a Public Limited Comp. on July 29, 1994 & the name was changed to the present one.

White House, a partnership firm established in 1961, is engaged in the manufacture, trading & export of knitted, & woven fabrics garments & silk fabrics. It has facilities, with state-of-the-art technology to manufacture 15 lakh pieces of garments per annum. The unit caters to the top strata of export market in France, Singapore, Malaysia, Germany, Saudi Arabia & Sri Lanka. It has been enjoying the status of Government recognised Export House for last 12 years. Apparel Export Promotion Council [AEPCs] has adjudged White House as one of top hundred exporters in the country. White House has also bagged the 'Outstanding Export Performance' award from the Indian Silk Export Promotion Council for its excellent export performance.

White House also acts as a selling agent in India for a number of foreign suppliers of Knitting & Knitwear processing machinery, fike, Dyeing and Finishing Machine of Dilmenler, Turkey, Knitting Machine of Cingillar, Turkey, Calender/Compactor Machines of Ferraro, Italy, Slitting Machine of Corino, Italy & Process Control Equipment of Eliar, Turkey.

White House Process Private Limited, incorporated in 1992, has set up a modern knitted fabric process house, with imported dyeing & finishing equipment from Germany & Switzerland, with an installed capacity of 3.5 tpd. WHPPL is one of modern knitted fabric process houses in the country with the latest technology in bleaching, dyeing, printing & shrinkage range controls.

The Comppany has set up a spinning unit of capacity of 12,096 spindles for manufacture of 30s combed cotton hosiery yarn. The unit caters partly the requirements of White House [40% of productions] & the balance [60% of productions] is exported. This provides the group with the twin advantage of backward integration as well as taking full advantage of business contacts [particularly in the export markets] developed over the years for related/allied activity.

The plant set up at Kolambakkam Village, Maduranthakam Taluk. Chengai MGR District, Tamilnadu. Full commercial operations commenced on 22-8-1996. The quality of product has been well accepted in the overseas market such as Hongkong, Singapore, Korea and Malaysia.