Saturday, September 18, 2010

HIMATSINGKA FACTORY VISIT


Srikanth Matrubai with Srikanth Himatsingka

Registration at Regd Office
Factory Gate
Our Buses
Masks for Dust Protection
The Boiler Unit
Getting Company insights from the Executive Director Srikanth Himatsingka
Interaction with the Shareholders
The Huge Factory
Himatsingka Seide is an integrated Export Oriented Unit manufacturing High end furnishing and apparel fabrics. It is a fully integrated company producing silk yarn to high end furnishings and apparels.


Himatsingka Seide has been the leader in the Non-Silk Fabrics.

The Company has had recently set up a Greenfield Project at the Hassan SEZ (about 185kms from Bangalore) to manufacture Bed Linen products. The Total Cost of the Project was about Rs.400 crores. The integrated project has an installed capacity of 60k metres per day of Cotton Fabrics and 8k set per day of Made up Products.
Watch the Factory Visit Video here.................................






The Company recently arranged a Factory Visit for esteemed shareholders.

The Visit was very well organised. About 230 shareholders had booked for the Factory visit and 180 turned up.
The Company had arranged about 5 buses and finally 1 bus had to be sent back. So, finally 4 buses left the Company Office at Bangalore at 7am. Breakfast was arranged at Mayura Hotel, Bellur Cross(90kms from Bangalore).
Breakfast at Mayura Hotel
The bus reached the Hassan SEZ factory at 12Noon. All the Shareholders were warmly welcomed with Roses and Cup of steaming hot coffee and hot tea.
Shareholders welcomed at Hassan Factory
The shareholders were briefed about the facility in the Factory and about the dos and donts once inside the production facility.
The Shareholders were split into Groups and each Group was taken one by one with a company official who guided them inside the production facility explaining the process involved in the production of the Bed Linen.

Explaining to Shareholders
The factory is set up on a Huge 110 acre land.

The machines are all modern and are neatly maintained.

We were told that there were about 3000 employees in the Factory out of which Women constituted about 2800!!!

Talk about Women empowerment. The Women are given training and are even taught to be literate. They are also given hostel facility.

In Between we were taken to the Company Canteen for Lunch. And surprise, the Executive Director, Mr.Srikanth Himatsingka joined us for Lunch.

Lunch
All the company officials too had the lunch in the Canteen. Lunch consisted of Roti, 3 Subzi, Sweet, Rice, Curds. I was informed that the menu is changed every day and that there is a special menu on Sundays. The food served was of high quality and quite tasty too.

I was told that the ED, does regularly drop in to have lunch in the Canteen itself and ensures that the workers feel comfortable about him.

Later on, we were taken to the Effluent Water Treatment Plant and were showed how the Dirty Water is treated and is recycled and used again.

After all this, Mr.Srikanth Himatsingka had a Q&A with Shareholders and answered each and every question patiently. He was open to criticism about the company performance and handled each tactfully.

We left the Factory at 4.30pm and after a Hi-Tea Break at Mayura Hotel, were back in Bangalore by 8.30.

Overall, a Good enlightening visit.

Regards,
Srikanth matrubai



ALSO VISIT
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Menu
Srikanth Matrubai with Srikanth Himatsingka
Women Empowerment
The Executive Director joining us for Lunch

5 comments:

  1. Hi Srikanth,
    So, after seeing the factory and seeing what it offers, do you recommend to invest in Himatsingka seide stock (Now its Rs. 46.20). If so, what is the target price? And please provide your explanations.

    Thanks,
    Ramki

    ReplyDelete
  2. Yes, Ramki....
    I will be writing on the workings of the company and also my views on the stock recommendation of Himatsingka....very soon.

    Watch this space

    ReplyDelete
  3. can u let me know as why you choosed hassan to establish the plant?

    ReplyDelete
  4. This is a very nice article & very informative too. Thanks a lot.

    ReplyDelete
  5. This is really informative and interesting article, I truly appreciate your work. Thanks for sharing this with us.

    ReplyDelete

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