R. M. Mohite Group started in 1983 with the establishment of R. M. Mohite & Co., a partnership firm with our Promoters as partners, for undertaking projects in infrastructure construction sector viz-earthen dams, small and medium irrigation projects. Some of the projects completed by RMMC include: * Medium Irrigation project at Basaapachiwadi in Sangli district * Bhira Tail race Hydro-Electric project in Raigad district * Wana Left Bank Canal * Patgaon dam and Kumbhi dam in Kolhapur district * Jangamhatti medium irrigation project in Kolhapur district. * M.I. Tank at Chorgewadi in Sindhudurg district After strengthening Group's position in construction sector, our Promoters went for diversification and diversified into textile sector with the establishment of R. M. Mohite Textiles Limited in the year 1991. In 1993, our Promoters had incorporated Abhishek Cotspin Mills Limited (now known as Abhishek Mills Limited) and set up a spinning unit in the year 1999, subsequent to their dissociation with R.M. Mohite Textiles Limited in the year 1998 in lieu of family understanding,. Our Company Our Company was incorporated as Abhishek Cotspin Mills Limited (ACML) on September 1, 1993. Subsequently, on November 14, 2005 name of our Company was changed to Abhishek Mills Limited (AML). The Registered Office of our Company was changed from Shiv-Parvati 17-E, Nagala Park, Kolhapur - 416003 to Nashte Complex, 252, Assembly Road, Kolhapur-416001 w.e.f. November 28, 1994. The Registered office of our Company was further changed to Shiv-Parvati, 17-E, Nagala Park, Kolhapur-416003 w.e.f. April 1, 1999 and then to the present address w.e.f. December 1, 2005. Our Company, which is a 100% export oriented spinning unit, is promoted by Mr. Ramchandra M. Mohite, our Chairman, Mr. Anasaheb R. Mohite, our Managing Director and Dr. Anjali A. Mohite from Kolhapur, Maharastra. Our Company set up modern manufacturing facilities for 100% combed cotton yarn at Kolhapur with initial capacity of 13104 spindles in 1999 financed through term loan of Rs 455 lacs from The United Western Bank Limited and balance from Promotors own funds. In the year 2003 we expanded our capacities to 25920 spindles including 2016 spindles of compact spinning with value added facilities like Autoconer, TFOs, Singeing. This expansion of Rs 3500 lacs was financed through term loan of Rs 2302 lacs from the Indian Overseas Bank and balance through internal accruals/Promoter contribution. Our Company initiated another expansion in its spinning capacity by 7200 spindles in 2005, and commercial production of which commenced from April 2006. The cost of above expansion of 7200 spindles was Rs. 1300 lacs which has been financed through term loans of Rs. 1137 lacs by The United Western Bank Limited and balance through internal accruals/Promoter contribution. We ventured into construction business in the year 2000 and undertook job work for Morbe dam (earthern) project on Dhavri River, from M/s. R.M. Mohite & Co., our group firm, which is a category Class IA registered contractor with PWD, GoM and pursuing government contracts for last 30 years. This diversification was considered necessary to overcome maximum ceiling on contracts that can be performed by any registered contractor for several state corporations in Maharashtra. Our Company, with more than 3 years experience in construction activity, became eligible and applied for registration as category Class IB registered contractor with PWD, GoM. On obtaining this registration, we will be eligible to bid for various infrastructure projects directly. With our experience to cater to the premium segment of the fine yarn export market, we now intend to set up an integrated yarn dyed shirting fabric project to tap its growing domestic and overseas market. Further, Our Company is also planning to increase its spinning capacity by adding another 12000 spindles to meet additional requirement of yarn for captive consumption. Key Events in the History of the Abhishek Mills Limited 1993 Abhishek Cotspin Mills Limited, incorporated for undertaking the business of manufacture of cotton yarn 1999 Start of manufacturing facilities for cotton yarn at Kolhapur by ACML 1999 Started exporting high quality cotton yarn at competitive prices 1999 Company was designated as 100% EOU 2000 Our Company ventured into infrastructure construction 2003 Expansion of capacity from 13104 spindles to 25920 spindles. 2006 Expansion of capacity from 25920 spindles to 33120 spindles. 2006 Applied to PWD, GoM for registration as Class IB contractor. 2007 -E-mail ID for Investor Complaints:investors@abhishekmills.com 2008 -Members of are hereby informed that the name of Abhishek Mills Ltd shall be changed to Abhishek Corporation Limited and the trading symbol of the company be changed from AML to ABHISHEK w.e.f. June 26, 2008.