Binny Mills Limited is engaged in the business of warehousing and storage, and trading of textile materials. The Company operates in four divisions: Warehousing, Showrooms, Agencies and Bintex. The Warehousing division has rented its warehouses and is deriving rental income from it. The Showrooms are engaged in retail selling of textile materials. The Agencies division is engaged in the business of selling Tarpaulin, rain coats and bags. The Bintex division is engaged in selling textile materials, particularly uniform materials, bed spreads, and other textile varieties. The Company derives rental income by letting out on rent, its warehouses situated in Perambur, Chennai, to various tenants. The Company buys and sells textile materials (trading in textile), including retail sales to customers, from its textile division at Chennai and from the showrooms in Bangalore and Kolkata.