ASTRAL Share price

Our Company was incorporated on March 25 1996 as ASTRAL POLY TECHNIK PRIVATE LIMITED under the Companies Act 1956 with the Registration Number 04-29134. The name of our Company was changed toASTRAL POLY TECHNIK LIMITED vide fresh Certificate of Incorporation dated September 29 2006 with Company Identification Number U25200GJ1996PLC029134.Our Registered Office is situated at 901 Parshwa Towers Opp. Rajpath Club Sarkhej-Gandhinagar Highway Ahmedabad- 380 054. Business OverviewWe are a manufacturer and provider of CPVC piping and plumbing systems in India since 1999. We are the first licensee of Noveon USA (formerly known as Specialty Chemical Divison of B.F Goodrich USA) to manufacture and market CPVC piping and plumbing system in India. In order to strengthen our business plans we entered into a techno-financial joint venture with Specialty Process LLC of USA which provided us the required technical expertise for manufacturing our CPVC pipes and fittings for home and industrial application. Over the years we have expanded and enhanced our product lines to provide continually improved services to our customers. As a manufacturer of CPVC pipes and fittings for hot and cold water industrial and pressure systems application we had introduced a new product range in lead free PVC pressure pipes and fittings in the year 2004. With a concept of providing a one-stop source for all the plastic piping systems we also began trading in products such as CPVC and PVC fittings flanges and valves from Spears (USA) solvent cements (adhesive solutions) for joining pipes and fittings from IPSC (USA) underground specialty fittings from Hunter (U.K) and CPVC and PVC plastic pipes of a larger diameter from Harvell Inc. (USA)Our Company has its production facilities at Gujarat and Himachal Pradesh to manufacture plumbing systems from ½? to 8? diameter. Our products include CPVC pipes and fittings for hot and cold water plumbing systems CPVC industrial piping system for transportation of hazardous and highly corrosive chemicals lead free PVC systems for cold water application.Innovative product designs and improvements new technologies and a fully integrated manufacturing system are all a part of ASTRAL?s ongoing commitment to quality satisfaction and service. Our Company has received an ISO 9001:2000 certificate in respect of manufacture and supply of CPVC and PVC pipes and fittings for plumbing systems and industrial piping system. The raw material used by us for manufacturing CPVC products is certified by National Sanitary Foundation (NSF). Our business has grown at CAGR of 45.17% over a period of 5 years from 2002 to 2006 as reflected in the turnover for the year 2006 which was Rs.5165.38 Lacs as compared to Rs.801.42 Lacs in the year 2002. Our Company enjoys countrywide presence through its extensive distribution network comprising of more than 120Distributors and 2000+ retail outlets. The products of our Company are very well accepted in all parts of the country though southern and Western India contributes to more than 75% of its business.Major events in the History of the Company:Year Event1996 Incorporation1995 Entered into a joint venture with Specialty Process LLC by signing an agreement for equity and technical collaboration Entered into the Corzan Processor Agreement with B.F. Goodrich Co. USA1998 Entered into the FlowGuard CPVC Processor Agreement with B.F. Goodrich Co. USA Launching CPVC in the Indian market Commenced production of FlowGuard CPVC products1999 Entered into the Technology License Agreement in continuation of the CPVC Processor Agreement with B.F. Goodrich Co. USA2001 Commenced manufacturing of CPVC fittings Expansion of manufacturing facilities at Santej Gujarat 2002 Setting up of branch offices at Delhi and Mumbai and a sales depot at Bangalore 2003 Received ISO 9001: 2000 Certification Commenced manufacturing of lead free PVC piping systems in India2004 Commenced export sales Revalued land and plant and machinery2005 Setting up our second manufacturing facility at Baddi Himachal Pradesh2006 Received an award from Noveon for crossing the mark of 1000 M.T. CPVC consumption Entered into the BlazeMaster Processor Agreement with Noveon Received an award from Noveon for being nominated as their first licensees for all their brands viz. FlowGuard Corzan and BlazeMaster Conversion to a public limited company