Transchem
September 7, 2015
Update on Our Multibagger series {22k Investment Plan}
October 15, 2015

HARIA EXPORTS

Dear friends,
Today we have come across a textile sector, readymade apparel stock, which is quite undervalued but changes happening in this company are very realistic and appreciable.
The current market capitalisation stands at Rs 3.27 crore.
The
company management includes Kantilal L Haria – Chairman & Managing
Director, Manish K Haira – Joint Managing Director, Sunil P Mistry –
Director, Nitin V Oza – Director. It is listed on the BSE with a BSE Code of 512604 and the NSE with an NSE Code of HARIAEXPO.
Its Registered office is at 8, Subhash Road,
Vile Parle (East), Mumbai,Maharashtra – 400057

Haria Exports Limited has been incorporated to carry
on the business of manufacturing and exporting of Ready-made Garments
and thus to expand Haria group’s presence in this fast growing market
segment which has a synergy with Haria groups existing operations. The
company is presently engaged in manufacture and exports of Garments.
The manufacturing operations are carried out at Vapi, Kandla, Bhiwandi and in Tirupur.

It has various range of products viz. Apparels and Clothing, Home furnishings i.e. Cushions and Bedcovers,
Napkins, Table linen, Towels etc. Readymade Garments, Uniforms,
Athletic Sportswear, Curtain, Knitted, Industrial Fabrics, Accessories
and Material Supplies, Promotions Caps, T- shirts, Sportswear and
Accessories, Wear For Men, Women and Children.

Its debt has highly reduced in last four years, in march 2011, total debt was 13.15 Cr, which is now reduced to almost debt free of just 0.2 Cr. Further, for last three years, its cash reserves have improved from 7 lac to 36 lac, which is again a positive thing for the small company. 
Currently It is trading @ 2.81, we expect it to touch its fresh 52 week high in coming days.

Note : Use your own mind before investing any of our recos. We are not responsible for P/L of anyone.

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