Polycon International Ltd. (PIL), is a Public Ltd company incorporated
 on October 17th, 1991. The company belongs to the Baid Group of
 Rajasthan which has a successful track record in various diverse
 fields of business.  The company was promoted with a view of
 establishing a composite manufacturing unit for production of variety
 of plastic
 goods and its processing machineries. The company is presently
 engaged in manufacture of lids for water storage containers, self
 watering plastic pots for plants, pipe fittings, machineries, dies
 and moulds for plastic processing, master batches etc. at its plants
 at RIICO Industrial Area, Heerawala Village, Bassi Dist.Jaipur. The
 company sells its products under the famous brand name of Polycon. At
 present the installed capacity of injection Moulded articles is about
 150 tonnes and for master batches is about 600 tons and the capacity
 of manufacturing
 machines, dies and moulds is not restricted as the same can be
 increased substantially just by increasing the volume of inputs. In
 addition, the company has also been doing market promotional
 activities for marketing of LLDPE water and chemical storage tanks.
 The company is having franchisees at various places in India who are
 manufacturing water and
 chemical storage tanks, under the brand name of Polycon, under the
 technical guidance and supervision of the company. PIL is also
 assisting such franchisees in marketing of the product and also in
 the supply of
 essential raw materials. In addition, the company is engaged in
 export of plant and machinery used in the manufacturing of water &
 chemical storage tanks. Also, it exports lids for the storage tanks
 to countries like Abu Dhabi (UAE) and Jedah.
 
 The company has obtained the right to use the brand name POLYCON from
 the brand name owners M/s. Baid Rotomoulders Private Limited (formerly
 Baid Industrial Corporation) vide their agreement dated January 2,
 1995. As per the terms of the agreement the licensor has agreed not
 to give the right of using the brand name it owns to any third party
 and that
 this right of sub-licensing the brand name to any third party rests
 only with the licensee i.e. PIL. Since the brand name 'Polycon' is
 being owned by Baid Rotomoulders Pvt Ltd., they will continue to use
 it for its products. In consideration for use of the brand name PIL
 has paid a
 lumpsum deposit of Rs.1 crore which is adjustable in payment of
 Royalty. Also, the company has to pay Rs.0.10 per litre of the total
 capacity of tanks manufactured and marketed by it and its
 sub-licensee under the licensed trade mark in the licensed teritory.
 It shall be calculated
 at the end of every quarter and shall become payable within next
 fifteen days. The licence is initially valid for 5 years subject to
 extension by mutual consent. However, the initial deposit of Rs 1.00
 cr shall be adjusted towards the amount of royalty payable which will
 be in the range of 4%-5% of the selling price of the tanks.
 
 Note: Attention of investors is drawn to the fact that the company
 has paid a lumpsum of Rs.1 crore as deposit to acquire the right for
 using the brand name of POLYCON from Baid Rotomoulders Pvt Ltd. in
 which
 Directors/Promoters are interested. This deposit is adjustable
 against the royalty payment which will be in the range of 4%.-5% of
 the selling price of the tanks.
 
 The company obtained its certificate of commencement of business on
 31st December, 1991. The company commenced its commercial activity
 from August, 1992 by export of machinery to UAE. There has been no
 closures/labour problems or delays etc in commencement of commercial
 production in the past.
 
 In order to manufacture and market its wide range of water and
 chemical storage tanks in the middle east countries under the brand
 name of Polycon, the company had set up a joint venture company with
 Awlad Naseer Corporation, Abu Dhabi (UAE) in the year 1991 under the
 name of Polycon Gulf United. The company has an equity participation
 of 25% in
 the venture. The products of the joint venture company have been very
 well accepted in the market and it declared a maiden dividend of
 37.50% for the year ended 31.12.94. The financial performance of the
 joint venture company is as under :
 
 MAIN OBJECTS OF THE COMPANY
 
 The main objects of the company as contained in the Memorandum and
 Articles of the Association of the company are as under :-
 
 1. To manufacture, trade, export, import, process, mould, design,
 refine, produce, manipulate, fabricate, erect, provide, technical
 know how, design and otherwise deal in plant and machinery, turn key
 projects of Roto moulded water storage tanks, PVC tanks, PVC
 structural elements and other allied material and to collaborate,
 participate, finance, manage, hold or otherwise be associated in any
 capacity in projects, industries, joint venture projects dealing in
 these articles.
 
 2. To become vested with by change of constitution from partnership
 firm to a Public Ltd company and continue the business, so far being
 carried on in partnership under the name and style of POLYCON
 INTERNATIONAL by the first Directors of this Company including all
 its assets, rights,
 benefits, titles, interest, approvals, registrations, permits,
 facilities, concessions, sanctions, privileges, licenses, debts,
 liabilities and obligations of the said partnership business and in
 connection there with the said firm will cease to function on the
 incorporation of the Company.
 
 3. To manufacture, process, mould, design, refine, produce, import,
 export, purchase, sell or to otherwise deal in all kinds of products,
 goods and merchandise made of HDPE., LDPE.,. poly-propline,
 polytheline, PVC, plastic, including containers, section, drums,
 bottles, packing materials, biogas holders, doors, windows, cabins,
 pipes, furniture, fixtures, gates, parts and accessories.
 
 2008
 
 -The company has designated E-mail ID for Investors Complaints:
 petjar@bsnl.in