Asian Films Production and Distribution Ltd. Company History and Annual Growth Details

The Company was incorporated as Public Limited Company
under the name Galaxy Appliances Limited on 6th December,
1995 under the Companies Act, 1956 and Registered with the
Registrar of Companies, Gujarat at Ahmedabad and obtained
the certificate of commencement of business on 8th December
1995. The company has been promoted by Shri Ashish V
Patel, Shri Vipul V Patel and Smt. Rekhaben J Patel for the
purpose of carry on the business to manufacture, market,
sell, export of house hold appliances, white goods etc. as
fully described in the prospectus.

The main objects of the Company are fully set out in the
Memorandum of Association of the company is stated
else-where in the Prospectus. The immediate object of the
company is to set up facilities for the manufacturing of
following products:

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Name of Product Capacity in Nos.
------------------------------------------------------------
Mixers - Grinders 72,000
Tea/Coffee Maker Machines 72,000
Portable Blenders 96,000
Soda Maker Machines 24,000
Ice Cream Maker Machines 24,000
Electronic Gas Lighter 3,60,000
------------------------------------------------------------

The proposed project will be located at Block No. 2423/1,
Village Limbasi, Tal : Matar, Dist.: Kheda a notified
Category II backward area eligible for sales tax benefits.

The Company has obtained acknowledgement for Industrial
Entrepreneurs Memorandum filed by it with the Department of
Industrial Development, Secretariat for Industrial
Approvals (SIA), Ministry of Industry, Government of India,
New Delhi vide their Acknowledgement Letter No.
6251/SIA/IMO/95 dated 15-12-95 for the manufacture of
Coffee or tea Makers, Mixer Grinder, Soda Makers, Portable
Blenders, Ice Cream Makers, Electronics Gas Lighter.

The land is having a non agricultural permission vide
letter No. LND/NA/SR/65/VSHI/299-305/992/93 dated
23.02.93.

The Company has applied to Gujarat Electricity Board vide
its letter dated 10/01/96 for sanction of 200 KVA Power.

The process does not generate any type of hazardous and
effluent, however the company has obtained the NOC from
Gujarat Pollution Control Board vide its letter no.
PC/NOC/KH-404/11512 dated 26.04.96.

Under the new industrial policy the Company shall be
eligible for sales tax benefit available to a unit located
at a Category-II backward area.

The process does not generate any type of hazardous,
effluent, however application has already been made to
Gujarat Pollution Control Board for NOC vide letter dated
09.01.96.

MAIN OBJECTS OF THE COMPANY

The Main Objects of the Company to be pursued by it on its
incorporation are:-

1. To carry on the business of manufacturing, buying,
designing, fabricating, repairing, maintaining, assembling,
selling, importing, exporting, consigning, distributing,
agents and dealing of domestic, electronics, mechanicals,
engineering machineries, instruments, appliances,
equipments, accessories and other relevant spare parts,
accessories, gears, made from metal and plastic casting,
alloys and other household and engineering industries,
precision parts and which is used for purposes of industrial
agriculture, domestic industries.

2. To buy, sale, import, export, manufacture, assemble,
repair and maintain, design and to deal in all types of
domestic, electric electronics, engineering equipments
including mixers grinders tea and coffee maker, soda maker,
ice cream maker, water and air coolers, refrigerators,
water and room heaters, washing machines, geysers, voltage
stabilizers, air conditioners, pressure cooker, cooking
range, ovens, non stick kitchenware, fans, iron, gas stove,
electronics gas lighters, bulbs, and tube light dryers,
electric slavers, mini generators, calculators and clock
intercoms and all other allied domestic items and any parts
used therein.

The Main Object Clause of the Memorandum of Association of
the company enables the company to undertake the activities
for which the funds are being raised for the present issue
and also the activities which the company has been carrying
on till date.

PRESENT BUSINESS OF THE COMPANY

The company has yet not commenced any of the commercial
operations/activities Presently it is engaged in the
implementation of the proposed project as fully described
in the prospectus. The company has upto 01.07.96 deployed
total Rs.210.50 lacs towards implementation of its
proposed project.

2008

- Company name has been changed from K C Bokadia Films Ltd to Asian Films Production and Distribution Ltd.

- The Company has splits its face value from Rs10/- to Rs1/-.

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