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National Plastic Technologies > Company History > Plastics > Company History of National Plastic Technologies - BSE: 531287, NSE: N.A

National Plastic Technologies

BSE: 531287|ISIN: INE896D01017|SECTOR: Plastics
Dec 02, 16:00
National Plastic Technologies is not listed on NSE
Company History - National Plastic Technologies
Arham Plastics Lmited was originaly incorporated on
 12-05-1989 with Registrar of Companies, Tamil Nadu at
 Madras as Private Ltd company under the name Hi-Tech
 Plastics P. Ltd and later converted into Public Ltd company
 on 14-12-94.  Subsequently, the company has changed its
 name into Arham Plastics Ltd, vide frean certificate of
 incorporation dt 05-01-1995.
 The Company was promoted by Mr. Sudershan Parakh who has
 over 2 decades of experience in plastic industry and his
 associates.  Recently Mr. Bachhral Parakh who has over 40
 years experience in plastic industry has been inducted into
 the Board.  Together, the promoters of Arham Plastics
 Ltd,are involved in the management of three other concerns
 collectively forming NATIONAL PLASTICS MADRAS.
 The company is presently having one 550 Ton Toshiba
 Injection Mould ng Machine with the annual production
 capacity of 265 Tons.  The company is supplying high
 precision plastic components for Televisions, Teiecom
 Batteries, Sanitarywares and Plastic Fans.  The companys'
 existing major customers are Solidaire India Ltd, Campion
 Plastic Industries (P) Ltd and Plastic Fans (P) Ltd.
 1991-92         265 TONS                  81.5%
 1992-93         265 TONS                  64.2%
 1993-94         265 TONS                  84.5%
 1994-95         265 TONS                  94.8%
 Reduction in capacity utilisation during 1992-93 was due to
 slump in off-take ol TV Components.  Because of the
 diversification in the product range planned in the current
 expansion programme, recession in any particular industry
 is not likely to affect the company's overall operations.
 The present turnover of Plastic Industry as a whole is
 around Rs. 4500 Crores which is expected to go upto Rs.
 15000 Crores by 2000 AD.  During the Eighth and Ninth Plan
 period the plastic industry is expected to grow ala
 compounded annual rate of 12% ard 17% respectively.  The
 plastic components are used in various sectors including
 Automobile, Telecom and Consumer Electronics and Durables.
 The market for white goods industry is expanding manifold
 and consequently there is huge reqirement fortheir
 components.  Plastic moulded furniture, especially chairs
 are rapidly replacing conventional steel and wooden
 furniture mainly due to distinct advantages in terms of
 cost and features.  This particular segment has been
 experiencing strong growth in demand which is about 25% per
 annum.  (Economic Times Dt 06-04-1994)
 The key financial pertormance data of the company is given
                                                ( Lacs)
 Particulars           31.03.95   31.03.94   31.03.93   31-03-92
 Total income           206.32     135.64      76.55     109.77
 Profit after Tax        17.45       1.38       0.27       2.97
 Share capital          141.81      78.03       7.65       7.09
 Reserves and surplus    32.71      23.63      22.31      24.89
 Gross Block            275.77#    137.52*     65.92      27.46
 Depreciation            70.91      39.74      28.26       8.79
 Net Current Assets     204.86      77.60      53.38      59.78
 * Includes enhancement due to revaluation of one machinery
 and one mould to the extent of Rs. 62.82 lacs and Rs. 7.56
 Lacs respectively.
 4, To carry on the business of manufacturing,prccessing or
 buying or selling of all ionds of natural and synthetic
 polymers and polymer products.
 5. To manufacture,assemble or to deal in as buyers, sellers
 or as agents in all kinds of spares,plant and machinery,
 required for processing, manufacturing,packaging products,
 polymer products, plastic products and rubber products,
 ancillary and auxiliary equipments, moulds,tools, {{gs.
 fixtures, colours, pigments, and allied chemicals,
 The Company has no subsidiary.
 2001 - The Chennai-based Arham Plastics Ltd., part of the National
 Plastics Group,
              has been awaded ISO 9002 certification by RWTUC Germay
 for manufacture and
              supply of plastic moulded industrial products and
 Arham Plastics Ltd has received the fresh certificate of
 Incorporation for change the name of the Company from Arham Plastics
 Ltd to National Plastic Technologies Ltd with effect from March 18,
 - National Plastic Technologies Ltd has appointed Mr. Ajit Kumar
 Chordia as Additional Director with effect from July 16, 2010.
 -Board recommends Dividend of 10%.
Source : Dion Global Solutions Limited
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