Goldcoin Health Foods Ltd

Goldcoin Health Foods Ltd

Goldcoin Health Foods was incorporated as a private limited in Mar.'89 and was changed to a public limited company in Mar.'95. It was promoted by Devang P Shah Kishor J Shah and Rakesh R Sheth. The company which has its manufacturing facilities at Vasana Gujarat with an installed capacity of 1050 tpa manufactures biscuits. Commercial production commenced only in Mar.'94 due to dealy in the installation of plant and machinery.The biscuits are marketed under the Amit and Biskis brand names. In 1995-96 it proposed to go in for an expansion to increase the capacity from 1050 tpa to 4200 tpa which includes the manufacture of value-added therapeutic biscuits alongwith normal short dough hard dough biscuits and crakers. After the expansion the capacity for normal biscuits is 3150 tpa and that of high-protein biscuits is 1050 tpa. The company made a public issue in Dec.'95 to part-finance the expansion project and to meet the margin money of working capital requirements.The company has an established clientele in Gujarat Maharashtra Rajasthan and Madhya Pradesh. It also has an agreement with Sonal Exports a merchant exporter for an order of 40 tpm of biscuits.