JOINT VENTURES Raymond Zambaiti Pvt. Ltd SUBMITED TO: - SUBMITED BY: - Mr. Anant Phani Deepanshu Ohlan DFT-VI Introduction > HISTORY OF COMPANY Raymond ~ Since 1925 In early 90's, the Singhania family member, Mr. Wadia setting up a small woolen mill in Thane. The Sassoon’s, a well-known industrialist family of Bombay, soon acquired this mill and renamed it as The Raymond Woolen Mills, At the same time, the Singhania aimed to broaden their business horizons. The family’s sharp business foresight led to the acquisition of The Raymond Woolen Mills, Exports ‘The company exports its Suiting fabric to more than 55 countries, including USA, Canada, Europe, Japan and the Middle East.‘The Raymond Group has already marked its presence in the global arena with partnerships with leading European manufacturers of carded woolens, fine shirting fabrics and specialty denim. In addition, the Group has business interests in readymade garments, designer wear, cosmetics & toiletries, engineering files and tools, prophylacties and air charter operations, JOINT VENTURES Raymond UCO Denim Pvt. Ltd. ‘The manufacturers and marketers of denim fabrics. Raymond Zambaiti Pvt. Ltd A Greenfield facility manufacturing high value cotton shirting, Raymond Woolen Outerwear Ltd. A plant set up to manufacture carded Woolen fabrics and blankets, Gas Apparel Pvt. Ltd. The Joint venture with Grotto S.P.A launched the highly successful 'GAS' brand in india. JAK. Ansell Ltd.There are many joint ventures of Raymond but out off I have focused on Raymond Zambaiti Pvt. Ltd. > Company Information Corporate Identification Number Name RoC Registration Number ‘Company Category ‘Company Sub Category Class of Company Authorised Capital (in Rs.) Paid up capital (in Rs.) Number of Members(Applicable only in case of ‘company without Share Capital) Date of Incorporation Address 1 Address 2 City State Country Pin Whether listed or not Date of Last AGM Date of Balance sheet ‘Company Status (for eFiling) UI7120MH2004PLC149276 RAYMOND ZAMBAITI LIMITED RoC-Mumbai 149276 Company limited by shares Indian Non-Government Company Public Company 900,000,000 870,000,000 0) 27 October 2004 NEW HIND HOUSE NAROTTAMMORARIL MARG BALLARD ESTATE FORT MUMBAI Maharashtra INDIA 400001 Unlisted 24 July 2013 31 March 2013 ActiveRaymond Zambaiti Limited is a Public Company incorporated on 27 October 2004, It is classified as Indian Non-Government Company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 900,000,000 and its paid up capital is Rs. 870,000,000. > Raymond Zambaiti Ltd. ‘A joint venture with the internationally renowned Cotonificio Honegger S.P.A., (part of Gruppo Zambaiti), Raymond Zambaiti Ltd. produces exclusive cotton shirting and bottom weight fabrics. Gruppo Zambaiti is one of Italy's most popular high fashion cotton textile groups known for their design and development. We supply our creations to leading shirt brands the world over. (Our manufacturing facility based in Kolhapur has an installed capacity of 21.6 million meters annually. OUR MISSION To be Asia's leading High Value Cotton Fabries producer and marketer by combining Cotonificio Honegger’s with Raymond's strengths. Image, Products, Creativity, Quality, Service and Relationship. DESIGN AND CREATIVITY ” Zaye ‘The Design and Creativity Organization grants maximum flexibility in the customization of the product being also a precious consultant for customers by supporting them with fashion trends and style proposals.SALES & MARKETING ‘The Raymond Zambaiti Sales & Marketing Strategy is managed by Italian and Indian personals. A dedicated team of professionals from both the countries coordinate in order to capitalize the domestic and international market. On October 24 2005, the US magazine DNR awarded Raymond-Zambaiti as the best JV of the textile sector. > Raymond hikes stake in shirting venture Raymond Zambaiti to 53% ‘The gross revenue of Raymond Zambaiti stood at Rs 296.91 crore in FY13 against Rs 228.98 crore in the previous year.Raymond Zambi Mumbai-based textile and apparel maker Raymond Ltd has invested Rs 5 crore ($0.8 million) in Raymond Zambaiti Ltd (RZL) to hike its stake to 52.87 per cent, as per a stock market disclosure. Post acquisition, RZL has become a subsidiary of Raymond, ZL was an equal equity joint venture between Raymond and Italy's Cotonificio Honegger S.P.A., (part of Gruppo Zambaiti). Last December, Raymond had terminated the joint venture agreement and had exercised its option to purchase all the shares held by the foreign partner in the firm. The latest disclosure means the previous transaction has not been completed. However, with the stake hike, Raymond is now in the driver's seat in the firm. ‘As per a disclosure by Raymond, the break-up of the JV was due to defaults committed by Cotonificio Honegger. It did not share details on the nature of the defaults. RZL produces exclusive cotton shirting fabrics and bottom weight fabrics. Its products are supplied to shirt brands. Its manufacturing facility based in Kolhapur has an installed capacity of 21.6 million ‘meters annually. ‘The gross revenue of the company for the year ended March 31, 2013 stood at Rs 296.91 crore against Rs 228.98 crore the previous year. It clocked profit after tax of Rs 3.5 crore last year, almost the same as the previous fiscal. Its margins were affected mainly by provisioning of Rs 11 crore towards dues receivable from Cotonificio Honegger.REFRENCES > http://archive.is/61Zx LIMITED/U171 20M H2004PLC149276