| Integrated Rubain Exports Ltd., was incorporated on 19th June, 1990. The Company is setting up a project at Aroor, Alleppey, in Kerala for processing and exports of shrimps, fish and other marine products. The Company has obtained Certificate of Incorporation and Certificate of Commencement of Business on 19th June, 1990 and 6th August, 1990 respectively. The project envisages processing and exporting of marine products in cooked, semi-cooked, ready to eat form in consumer packs thereby achieving significant value addition. The total registered capacity is 5760 tonnes p.a.. However for the purpose of working results IFCI has considered the installed capacity as 2560 tpa. The project envisages 100% exports of its production. The project has been appraised by IFCI in 1991 and sanction for term loan was accorded on 4th June, 1991 and reised sanction on 28th October, 1991. The main objects to be pursued by the company on its incorporation are: To carry on business as manufactures, processors and exporters of all kinds of Marine and other foods. The Company does not have any subsidiaries. The Company has been promoted by Mr K. A. Kunjumoideen and his associates, in the assisted sector with equity participation of Kerala State Industrial Development Corporation (KSIDC). Marine products Exports Development Autority (MPEDA) and Risk Capital and Technology Finance Corporation Ltd., (RCTC) are also participating in the equity. |
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