AI Champdany Industries Ltd - Stock Valuation and Financial Performance

AI Champdany Industries Ltd (AICIL) , formerly known as ‘The Champdany Jute Co. Ltd’ was established in the year 1873. AI Champdany Industries is one among the several ISO-9000 accredited units of Wadhwa Group. AI Champdany Industries sells its products in over 30 countries spanning all the six continents of the world.

At present, with the farsightedness of the management the Wellington Jute Mill has been extensively modernised so as to produce value-added diversified Jute products aimed at export with the production capacity of 100 tonnes per day.

AICIL has gradually moved from manufacture of traditional Jute products like Hessian, Sacking etc. towards more value-added non-traditional Jute Products like Jute Yarn, Blended yarn made of Jute blended with other natural and man-made fibres like Cotton, Ramie, Viscose, Poly Propelene, Flax, Wool etc. Special Food Grade Jute Bags, Jute blended carpets, Fabrics for soft luggages / shoe uppers / wearing apparels for export markets.

AICIL’s marketing strategy has been to identify special application area which it may be in a position to cater and focus on them. AICIL has thus developed niche market for itself through this strategy.

AICIL is a well established manufacturer-exporter of value-added Jute products enjoying high reputation in the international market for its highest standard of quality.  As an effort to market its products effectively & competitively AICIL has established the self delivery facilities in the U.K after approvals from the Government of India and Reserve bank of India.

Product range of the company includes:

Jute Mattinggs:

• Natural Boucle & Herringbone
• Colour Jacquard Designs

100% linen products:

• Linen / Cotton Blended Fabric
• Linen /Wool Blended Fabric
• Cotton / Wool Blended Fabric

Linen yarns- AI Champdany Industries produces world class linen yarns for weaving and industrial purposes out of best quality of west European flax. AI Champdany makes linen most suitable for traditional and fashionable apparel, furnishing fabric.

AI Champdany manufactures pure linen and linen blends industrial fabrics.

Milestones:

• 1n 1983, the company set up a 100% EOU at the same location for the manufacture of Fine Jute Yarns with a capacity of 35 Tonnes per day
• 1n 1984, it has setup another 100% EOU at Narayanpur, West Bengal for manufacture of Jute &  Jute Blended fabrics with a capacity of 10 Tonnes per day.
• In the Year 1993 a Carpet manufacturing unit with a capacity of 1.5 million Sq, metres per annum and 100% EOU for manufacture of fine Yarn with a capacity of 20 Tonnes per day has been set up at Orissa.
• In 2006 Flax Unit was established to produce 720 MT of Flax item with limited weaving facilities.
• By 2007 Wool Combing Spinning with supporting bleaching dying facilities are being commissioned with capacity 1500 MT to be followed by weaving facilities for entire gamout of weaving different natural fiber yarns produced by the Co. i.e. Linen, Wool, Ramie, Viscose etc. either on their own for each fiber & / or in blends with one or more of them.

Awards/ Achievements:

• AICIL’s firm belief in maintaining timely deliveries & excellence in quality of its products and services has made it possible to achieve continuous growth in Exports and ISO 9001:2000 recognition. With one of its units having obtained ISO 14000 recognition (First and only Jute unit to obtain such recognition)
• The Company’s effort in the export excellence has been well recognized by the Government of India also by way of conferring on the Company the Top Manufacturer-Exporter Award since its inception by the Govt. of India.