Mardia Samyoung Capillary Tubes Company was incorporated as a public company on October 19, 1992 with the registrar of companies, Maharashtra. The certificate of commencement of business was obtained on November 5, 1992. The company has been jointly promoted by Mardia Extrusions, Mardia Tubes and Sam Young Jung Kwan Company, South Korea.
The company’s net worth had completely eroded in 1999 and a reference was filed with the Board for Industrial & Financial Reconstruction (BIFR), which ordered liquidation against which the company filed a writ petition in the Mumbai High Court.
Subsequently, several positive developments have taken place including repaying of dues owed to secured creditors. In view of this, the matter was remanded back to the BIFR, which has appointed an operating agency for further submitting a rehabilitation scheme.
The registered office of the company is located at J 55 MIDC Industrial Area, Tarapur, Boisar-401506, Maharashtra.
Business area of the company
The company is engaged in setting up a project for the manufacture of 1,800 tpa of thin-walled small diameter brass, stainless steel, copper and other copper alloy tubes.