The Company was incorporated as a Public Limited Company and obtained certificate of commencement of business. The Company entered into an agreement with the Partnership firm M/s. Fischer Inorganics & Aromatics, Chennai to take over the partnership business as a going concern without any break as per agreement dated 19th January 1994. To fully exploit the vast potential and growth prospects available for the various grades of laboratory chemicals particularly after the delicensing of the industry, the promoters have thought fit to put up a larger capacity project so as to achieve the economies of scale of production and marketing._x000D_ _x000D_ The partnership firm has been engaged in the processing/Manufacturing of Laboratary Grade Chemicals, for about 10 years._x000D_ _x000D_ The Company has already engaged in the manufacturing of certain grades of Laboratory Chemicals in its plant situated at Aminijikarai and Palavakkam, near Chennai City (taken over from the partnership firm M/s Fischer Inorganics and Aromatics). These Grades of Laboratory Chemicals are broadly clasified as SALTS._x000D_ _x000D_ The company changed the product mix tailored to specific endusers and bulk customers. The company is planning to change its name to 'Fischer Chemic Limited' and it is in the stage of approval._x000D_