PRAD – Pradip Overseas Ltd

✘ NOT COMPLIANT

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Home Furnishings | India

Business: PASS

Pradip Overseas Ltd has cleared the Business screen. Its business activity is compliant with the Shariah standard. If you find this result mistaken or questionable, let us know in the comments.

Financials: FAIL

The financials fail all the three standards we check against.

FTSE

AAOIFI

DJIM

Total Analysts: 0

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Pradip Overseas Limited is engaged in manufacturing bed linen products. The Company operates through Textile segment. The Company’s geographical segments include Within India and Outside India. The Company is a manufacturer and exporter of home textile, home decor and home furnishings. Its home furnishing range includes table linen, bed spreads, quilts, cushion covers and curtains. The Company offers a range of products, including bed in a bag, comforters, cotton, flannel, Jersey, micro, readymades, seersucker and towels. Its home textile articles range from 100% cotton sheeting, polyester cotton and 100% polyester satin, jacquard, stripes, from 150 thread count to 1,000 thread count. The Company manufactures a range of bed linen in various designs and finishing. The Company has its own stitching unit equipped with the capacity to stitch/deliver 300,000 sets a month. The Company’s plant is located at Ahmedabad.

✘ NOT COMPLIANT

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