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Supreme Industries
BSE: 509930|NSE: SUPREMEIND|ISIN: INE195A01028|SECTOR: Plastics
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Company History - Supreme Industries
YEAR                                                       EVENTS
 1942 - The Company was Incorporated at Mumbai.  The Company
 manufacture
               Industrial and engineering moulded products, storage
 and material
               handling crates, multilayer sheets, multilayer films,
 packaging
               films, expanded polyethylene foam, PVC pipes and
 fittings,
               moulded furniture, sataranj mats, disposable EPS
 containers, etc.
 
 1943 - 2,000 Right Pref. shares issued (prem. Rs 20 per share; prop.
              1:1) to Pref. shareholders.
 
 1945 - Issued 3,000 No. of Equity shares.
 
 1947 - 296 Bonus Equity shares issued in prop. 1:20.  622 Bonus
 Pref.
              shares then issued to Equity Pref. shareholders in prop.
 1:10.
 
 1960 - 3,110 Rights Equity shares issued at par in prop. 1:2.
 
 1972 - In May, 1972, 1,865 Bonus Equity shares issued in prop. 1:5
 in
              Dec. 1972, 11,271 Right Equity shares issued at par in
 prop. 1:1.
 
 1978 - 13,426 Bonus Equity shares issued in prop. 3:5 in May 1978.
 
 1980 - 14,321 Bonus Equity shares issued in prop. 2:5.
 
 1985 - A new factory was established at NOIDA (Delhi) with a capacity
 to
             manufacture 1500 tonnes of industrial products/components
 etc. to
             cater to the North Indian Markets.  All the machines
 were
             installed in January 1988.
 
          - The Company issued 15% non-convertible debentures for Rs
 100
             lakhs to UTI on private placement basis to meet working
 capital
             requirements.
 
          - 40,099 Bonus Equity shares issued in prop. 4:5, during
 February
             1986.
 
 1987 - The working of the packaging and multilayer film division,
               however, was affected by hike in raw material costs
 and
               prevailing excess capacity in the industry.
 
            - With a view to upgradation of technology and
 introduction of
              new products, the Company entered into a collaboration
 agreement
              with Bdr. Schur International, Denmark.
 
           - The PVC pipes and fittings division introduced cable
 ducting and
              bore well pipes during the year.
 
           - The Company converted its existing 4,620 - 6 1/2%
 Preference
              shares of Rs 100 each into 4,620 - 13 1/2% unsecured
              non-convertible debentures of Rs 100 each at par on 15th
 October.
              These debentures are redeemable at the end of 7 years
 from the
              date of allotment.
 
            - As on 1st July, plant and machinery, moulds and dies
 were
              revalued and the net surplus of Rs 18,42,17,354 arising
 out of it
              was credited to revaluation reserves.
 
            - The Company issued non-convertible debentures (C-Series)
 worth
               Rs. 150 lakhs as Rights to augment long term working
 capital
               requirements.
 
             - Pref. shares redeemed on 15th October by allotting
 non-con. debs.
               in lieu.  Equity shares subdivided.  9,02,220 bonus
 shares then
               issued in prop. 1:1.
 
 1988 - The Company embarked upon setting up of the following
 projects.
               (i) expansion of the injection moulding capacity and
 launching of
               moulded furniture at Noida; (ii) expansion of PVC pipe
 and
               fittings capacity at Jalgaon; (iii) debottlenecking of
 multilayer
               sheet capacity at Jalgaon (iv) injection moulding unit
 at
               Pondicherry and (v) multilayer sheet and products unit
 at Daman.
 
            - During September-October, the Company offered
 4,73,666-14%
              secured partly convertible debentures (D-Series) of Rs
 170 each
              as follows: (i) 4,51,110 debentures on rights basis in
 the
              proportion 1 deb: 4 equity shares held (only 4,40,937
 debentures
              taken up) and (ii) 22,556 debentures to the employees
 `Under the
              Employees' Stock option scheme (all were taken up)
 Additional
              10,173 debenture being the unsubscribed portion of the
              shareholders quota were allotted to the employees.
 
            - Rs 70 of the face value of each debenture was converted
 into 1
              equity share of Rs 10 each at a premium of Rs 60 per
 share on
              the expiry of six months from the date of allotment of
              debentures.
 
           - The non-convertible portion of Rs 100 of the face value
 of each
             debenture would be redeemed at par at the end of 7 years
 from the
             date of allotment of the debentures.
 
 1989 - Steps were taken to put up a new multilayer sheet unit at
 Daman. 
             New range of products were introduced catering to the
 demands of
             high tech plastic products required by various
 industrial
             customers engaged in the manufacture of electronic,
 automobiles,
             air-conditioning and office equipments.
  
           - The Packaging and multilayer films division entered into
 a
              technical collaboration agreement with M/s. Schur
 International
              a/s of Denmark, a manufacturer of packaging film.
 
           - The PVC pipes and fittings division entered into a
 collaboration
              with M/s. Uponor, Finland for manufacture of Ultra Rib
 pipes in
              longer diameters.  These pipes are to replace the
 conventional
             drainage and sewerage system pipes.
 
           - The setting up of new projects include (i) Expansion of
 SWR
              fittings range at Jalgaon (ii) Manufacture of speciality
 plastics
              products at Malanpur industrial area near Gwalior and
 (iii)
              Speciality products in co-extruded and multilayer film
 division.
 
           - The Company is a co-promoter of Supreme Petrochem, Ltd.,
 which
              has taken up a project to manufacture 80,000 tonnes of
 styrene
              monomer and 40,000 tonnes of polystrene per annum.
 
 1990 - The loading on the machines at Andheri and Noida units was
 low
             due to unrest in Northern India.  An injection moulding
 facility
              was installed at Pondicherry to cater to its customers
 in
             Southern India.  The Company launched moulded furniture
 and a
             variety of crates.
 
           - Another unit of 1000 tpa. capacity was to be put up at
 Gwalior.
             The demand in PVC pipes declined due to steep rise in the
 price
              of PVC resin.  Various new types of pipes for different
              applications were launched.
 
 1991 - The following projects were proposed to undertaken: (i)
 expansion
              of the installed capacity of flexible packaging
 materials at
              Taloja and Noida (ii) installation of injection moulding
 machines
               with the capacities of 2,200 tonnes and 1200 tonnes at
 Talegaon
              and Noida respectively (iii) increasing injection
 moulding
              capacity at Pondicherry and Calcutta (iv) installation
 of air
               bubble film manufacturing capacity at Gwalior (v)
 launching of
               foam polystyrene products at Gwalior (vi) increasing
 the range
               of thermoformed polyestyrene products at Daman (vii)
 expansion
               of the capacity of PVC pipes and fittings at Jalgaon
 and (viii)
               expansion of capacity at the technology centre.
 
            - The Company proposed to set up a new industrial
 component
               manufacturing unit at Salt Lake area, near Calcutta.
 
             - In February, the Company offered 11,39,053 - 14%
 secured
               redeemable partly convertible debentures of Rs 200 each
 on
               Rights basis in the proportion 1 debenture: 2 equity
 shares held.
 
            - Another 56,953 - 14% partly convertible debentures of Rs
 200
              each were issued to employees under the Employees' Stock
 Option
              Scheme.
 
            - Pursuant to the terms of the debenture issue, a portion
 of Rs 100
              of the face value of each debenture was converted into
 one equity
              share of Rs 10 each at a premium of Rs 90 per share on
 the expiry
              of 12 months from the date of allotment of debentures.
 
            - The remaining of Rs 100 of the face value of each
 debenture
              would be redeemed at the end of 7 years from the date
 of
              allotment of debentures.
 
            - 11,96,006 shares issued on part conversion of debs. at a
 premium
              of Rs 90 per share (11,79,153 shares on 1.4.1992 and
 16,853
              shares on 27.4.1992).
 
 1992 - The PVC pipes division introduced a new range of plumbing
 pipes
              and fittings which was well received in the market.  The
 Company
              has become a regular supplier of crates to Coco Cola.
 
            - 34,74,112 shares issued as bonus shares in prop 1:1.
 
 1993 - A.K. Structural Foam Ltd., was merged with the Company as per
 the
              formalities of amalgamation, the Company offered to the
 erstwhile
              shareholders of AKSF Ltd. shares on rights basis in the
 ratio of
              one SIL share for 35 AKSF Shares and also partially and
 on the
              same terms and conditions.
 
           - The Company allotted 8,78,110 No. of equity shares of Rs
 10 each
              at a premium of Rs 190 per share and 17,41,254 - 15%
 secured
              partially Convertible Debenture (`H' series) of Rs 450
 each for
              cash at par on Rights basis to employees.
 
 1994 - The profit margins were however affected due to fire in the
              Andheri godown adjacent to manufacturing facility and
 due to hike
              in raw material costs in the furniture division.
 
            - The injection moulded products group entered into a
 tie-up with
               M/s. Manducher of France for upgradation of auto
 components
               business.  This would lead to introduction of a large
 number of
               plastic components.
 
             - From the Hosur plant, cross linked polyethylene foam
 products
               were launched.  In PVC pipes, the Company launched
 355mm/400mm
               pipes.  Also pipes with DIN/BIS/ASTM specification
 were
               introduced to cater to the export market.
 
            - The Company launched new varieties of fabricated
 products to 
               complete the piping system.
 
             - 13,393 No. of equity shares issued 26,786 shares issued
 in part
               conversion of A and H series debentures.  Preference
 shares
               issued during 1996.
 
 1995 - The has tied up with Schoeller International of West Germany
 for
               its technology of new generation bottle crates.  In
 furnitures,
               the Company launched one piece moulded two seater sofa
 in the
               market.
 
 1998 - The company intends to introduce 15 more new models to the
 already
              existing 55 models of furniture.
 
           - During the year several new products viz. Hygience
 Quality Products
              were launched in the food service products division. 
 
          - Premier Lighting Industires Ltd. has become the subsidiary
 of the company.
 
          - Pondy II Plant to manufacture furniture was commissioned
 in August
            1997.
 
         - The company acquired the assets of M/s Camphor & Allied
 Products
            Limited at Nandesari manufacturing Protective Packaging
 Products.
 
         - The business of Andheri Moulding shop has been shifted to
 various
            other units of the company.  Taloja capacity has been
 shifted to
            Khopoli.
 
          - Entire Flexible Packaging Division is relocated at
 Khopoli.
            Manufacturing facilities of Packaging Films at Noida,
 Malanpur and
            Taloja have been shifted to Khopoli.
 
          - Multilayer Sheet Division at Daman has been closed and the
 entire
             production capacity of Multilayer Sheet Division is
 converted to
             Manufacture Food Serviceware products i.e. FSW products.
 
          - The existing facilities of Noida and Talegoan to
 manufacture moulded
             furniture have been relocated at Pondy II.
 
          - Taloja premises have been partly converted into a Private
 custom
             bonded warehouse.   It is partly also used for stocking
 raw material to
             give the benefit of logistics in distributing imported as
 well as local
             raw material to various manufacturing units.
 
          - The company has converted 59,945 MT of various types of
 Polymers into
             products against 46,513 tons in 1996-97 showing a growth
 of nearly 28%
             in volume terms.
 
          - The profit margin was affected due to loss on account of
 Foreign
             Exchange borrowings, compensation on VRS for closure of
 Andheri and
             Taloja units, loss of production due to shifting of
 machines from one
             plant to another plant and inventory losses due to
 continuous fall in
             raw material prices throughout the year.
 
          - Margins were also affected due to lock out at Nandesari
 unit during the month
            of April/May 1998 for 33 days and due to fire at Pondy II
 unit on 27th May 1998.
            This fire resulted in loss of production for 4 days.
 
          - Commissioning of Pondy Unit II for manufacture of
 furniture and
             relocating Noida and Talegaon furniture facilities at
 Pondy have given
             economies of scale and faster service to our customers.
 
          - The industrial components business has suffered a set back
 mainly due
             to slowing down of automobile sector.
 
          - The complete closure of Multi layer Sheet business and
 conversion of
             capacity to Thermoformed Food Serviceware products has
 been
             completed. 
 
           - There was a fire at Pondicherry Unit II on 27th May.
 
 1999 - The Company is the largest supplier of bottle crates to
 various
              soft drink and beverages manufacturers.
 
           - The Company has successfully launched PVC plumbing
 systems in the
              country during the year under review.
 
           - Shri S.R. Taparia and Shri N.N. Khandwala, Directors of
 the Company
              retire by rotation and being eligible offer themselves
 for re-election.
 
           - Consequent to acquisition of shareholding from
 collaborator M/s.
              Kalle Pentaplast GmbH, M/s. Supreme Vinyl Films Ltd. 
 (Formerly Klockner
              Supreme Pentaplast Ltd.) has become subsidiary of the
 Company w.e.f. 7.9.1997.
 
 2001
 
 -Board approves merger of its Group Companies M/s Supreme Oriented
 Films Limited (SOFL) and M/s Supreme Vinyl Films Ltd (SVFL) into
 Supreme Industies Ltd. (parent company) w.e.f. April 01, 2001
 
 2002
 
 -High Court approves scheme of amalgamation of  M/s Supreme Oriented
 Films Limited (SOFL) and M/s Supreme Vinyl Films Ltd (SVFL) with
 Supreme Industries
 
 2003
 
 -Siltap Chemicals Limited merged with  Supreme Industries Limited
 
 2005
 
 - Board has recommended payment of dividend @ 90% i.e. Rs 9/- per
 equity share.
 
 2006
 
 - Supreme Industries signs MoU with the Government of Maharashtra
 
 -Supreme Industries has given the Bonus in the Ratio of 1:1
 
 2007
 
 - Board has recommended final dividend @ 50% .
 
 2008
 
 - Board has recommended Final Dividend @ 45%.
 
 - Khushkhera plant Won Award for incoming Quality Improvement from
 Maruti During Vendor Conference for 2008-09.
 
 - Pondy Unit won Best Delivery Performance Award 2008, from Whirlpool
 of India Ltd.
 
 2009
 
 - Export Award to fittings for pipes & hoses (of Plastics) from The
 Plastic Export Promotion Council, mumbai for the year 2008 - 2009.
 
 - Board has recommended Dividend   120% i.e. Rs 12/- .
 
 2010
 
 - Export Award to fittings for pipes & hoses (of Plastics) from The
 Plastic Export Promotion Council, mumbai for the year 2009 - 2010.
 
 - Export Award for Tarapulin from The Plastic Export Promotion
 Council, mumbai for the year 2009 - 2010.
 
 - Best Kaizen Award for Sept 2010 From Whirlpool Cluster for Pondy
 Unit.
 
 - Khushkhera unit Won 1st Award for 7th ACMA Northern Region Quality
 Circle Competition, at PHD House, New Delhi on 9th July 2010. 
 
 - Khushkhera plant Obtained Vendor Performance Award for 2009-10, for
 Manufacturing Excellence from Maruti Suzuki I. Ltd.
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2011
 
 - Board has recommended Final Dividend @ 150%.
 
 - Export Award for Tarapulin from The Plastic Export Promotion
 Council, mumbai for the year 2010 - 2011 .
 
 - Talegaon plant has been honored with a Trophy towards 'Excellence
 in Quality' for the year 2010-11.
 
 2012
 
 - Board has recommended Final Dividend @ 225%.
 
 - Shri Rajendra J. Saboo has been appointed as Sr. General Manager
 (Corporate Affairs) & Company Secretary of the Company.
 
 - Khushkhera unit bagged The ACMA Award for Excellence in Quality and
 Productivity in Silver category.
Source : Dion Global Solutions Limited
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