* - Tentative Dates
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
A.f. Enterprises Ltd's revenue decreased by -68% and profit after tax (PAT) dropped by -202% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | ||||||||||||||||||
| Assets | 134.68 | 152.64 | ||||||||||||||||||
| Revenue | 9.51 | 29.71 | ||||||||||||||||||
| Profit After Tax | -0.35 | 0.34 | ||||||||||||||||||
| Amount in โน Crore | ||||||||||||||||||||
A.f. Enterprises Limited was founded in November 1983. Its business is the trade and manufacture of plastic mouldings under the brand name "RIDH". The brand "RIDH" is the trademark that stands for the entire product range.
The company is involved in the manufacture and sale of moulded plastic parts. Injection moulding is a shaping production technology, i.e. the material is transformed from an amorphous form into a solid form defined by a mould. Nowadays, almost every plastic part is produced by injection moulding, as it is possible to produce identical parts in large quantities, in a short time and at a very low cost per part.
The company has 35 injection moulding machines weighing between 100 and 850 tonnes, which can produce plastic parts weighing up to 3.5 kg. In addition to the machines, the company also has its own workshop and an R&D team for the development of new products.
The company has become a national entity as it is a complete innovation for its own type of products to be manufactured. They offer a wide range of plastic moulded parts in a systematic manner to ensure easy and accurate selection with the simultaneous advantage of providing the most cost-effective solutions to the customers.