Acknit Industries Ltd.

Type of Industry: Textiles - Hosiery/Knitwear


Company Profile: Acknit Industries Limited was incorporated in 1990 in India for manufacturing and export of Seamless Hand Gloves to various countries in the World. Acknit has now emerged as a leading Exporter in India.

Having established leadership in Seamless Hand Gloves and export extended to European, U.S.A. and Canadian countries on the strength of best quality and competitive cost, Acknit has now diversified its product range into divisions, namely Seamless Gloves Division, Leather Division and other leather Products Division and Industrial Garments Division.

• Gloves Division : Producing all types of Seamless Gloves made of different yarn of Cotton, Poly/Cotton, Polyamide, Kevlar, Dyneema.
• Leather Division : Producing all types of Leather Gloves, Jacket, Apron, Leg Guard made from Split, Chrome, Heat Resistance, Water Repellant Leather etc.
• Industrial Garment : Producing Industrial Garments made from 100% Cotton Fabric, Poly/Cotton, Polyester and High Visibility fabrics.

The phenomenal growth of Acknit is due to patronage received from a set of satisfied large customer network in the world who are convinced about consistent quality of Acknit products to their respective requirements and competitive cost with timely delivery. Acknits strength is its Quality Assurance System and Quality Management System practiced by competent, quality conscious and productive work force operating on latest technology under compatible work environment.

The Quality Policy of the organization reflects our reasons of success, attainment of market leadership in manufacturing and export of diverse Hand Gloves with assured quality of utmost customer satisfaction and to improve continually the products as well as development of people's competence on the basics of an internationally recognized Quality Management System.

For detail profile of the company one can visit: Acknit Industries Ltd.

Financials

Acknit Knitting registered a steep drop of 47.73% in net profits of Rs 4.03 million for the quarter ended in September 2007 from a profit of Rs 7.71 million for the quarter ended in September 2006.

Net Sales rose 14.52% to Rs 103.86 million for the quarter ended September 2007 from Rs 90.69 million for the quarter ended September 2006.

Total income rose 15.23% to Rs 106.35 million for the quarter ended September 2007, from Rs 92.29 million for the quarter ended September 2006.

The earnings per share (EPS) of the company stood at Rs 1.60 in the quarter ended September 2007.

Why I am interested in Acknit Industries Ltd. :

As today I shown my keen interest to enter into stocks, when I see Company Listings for Textiles - Hosiery/Knitwear, this company is one of the highest profit maker of the day.

Also read :Textiles - Hosiery/Knitwear