Annual Report 2011-2012 - Bajaj Group

As the Company is in the phase of enhancing its business activities outside India and theCompany is already receiving good response from US Market in view of enhancing its salesactivities in US Market the company formed/ incorporated 100% subsidiary with the nameand style as “BAJAJ CONEAGLE LLC” , A Limited Liability Company vide Namereservation certificate received from Secretary of State of Alabama on April 02, 2012RATING AGAINST BANK FACILITIES :The CRISIL Ltd has further reviewed and rated in respect of Bank facilities of the Company.The ratings are as under :Total Bank Loan Facilities RatedLong - Term RatingRs 82 .00 CroresCRISIL A / Stable (Reaffirmed)Short- Term Rating CRISIL A1 (Reassigned )NEW PRODUCTS LINE :The Company is having distinguished manufacturing facilities in India for Cotton Ginning &Pressing Plants / Machineries. The facilities are equipped with state of art machines withlatest technologies and managed by team of engineers. Moreover, the Company is in theprocess of expanding its business activities by way of expansion plans. Looking against theseasonal nature of Ginning Machines , the Company had successfully developed few newproducts like Cotton Seed Delinting Machines/ Decorticating Machines, Fire Diverter System,Pre-fabricated and Secondary Filter, Fibre Compacter, Bale Ties etc which would cater themarket through out the year.Moreover, the Company is in the process of executing various new projects for wider productrange,value additions and to make its product more competitive.• Delinting & Decorticating Machines (Capacity ranging from 100-800 TPD)• Continental Products based on Continental Eagle Corp, USA Technology