Mold-Tek Technologies Share price

Mold Tek Plastics is a listed Company on the BombayHyderabad and the Calcutta exchanges.The Company was incorporated in 1985 as private limitedcompany. It started it''s commercial production in 1987. In1992 the company was converted into a Public LimitedCompany and tapped the capital market for the first time onNovember 19th 1993. * It is an existing profit making consistently dividendpaying company enjoying confidence of blue chip clientele.* The company is engaged in manufacturing and marketing ofinjection moulded plastic containers and components. Italso undertakes Precision machining jobs.* The company''s turn over and net profits have recorded aCompounded Annual growth of 68.6% and 140.2% respectivelyfor the last 4 years. It has been paying dividend @ 20% forthe last 4 years.The Company proposes to expand it''s existing capacity toenlarge its existing plastic product range in the PackagingIndustry and manufacture crates and blow and stretchblow (PET) moulded containers. * The Company plans to expand its processing capacity from2400 tpa to 7000 tpa including 415 tpa of PET containers tocater to new high growth fields for the following:- to create facilities for manufacturing 100000 plasticcrates per month - a new range of products - to cater to theanticipated demand from the soft drinks industry dairyhorticulture floriculture and aquaculture segments.- to create facilities for manufacturing a new range ofcontainers for packing Lubricants Enamels chemicals etc.- to set up manufacturing facilities to execute theadditional orders received from M/s. Procter & Gamble andother existing Clientele.- to create facilities for the manufacture of PETjars/containers with an installed capacity of 415 tpa.- to create facilities for additional CNC Tool Room machinefor inhouse manufacture and maintenance of moulds.* The company is also planning to add a 4 colour dry offsetprinting machine for better quality decoration of thesurface of the containers. PRESENT BUSINESS OF THE COMPANY:The company is engaged in the business of manufacturinginjection moulded plastic containers and undertakesprecision machining jobs. * COMPANY''S STATUS: Mold Tek is one of the largest plastic injection mouldingprocessors in South India with a processing capacity of2400 tpa.* FACILITIES: The processing facility comprises 7 Injection Mouldingmachines set up in the first phase between 1987 and 1992and 10 Injection Moulding machines added in the secondphase in the year 1993-94. The Company has an In-house Toolroom facility with 3D-CNC Machines (MIKRON - Switzerland)for the speedy development and maintenance of Moulds. * PRODUCTS: Mold Tek''s main products can be classified into 2 typesthe small size items like Vicks containers Inhaler tubesaccessories small size jars for ointments and a variety oflarge containers ranging from 0.5 litre to 22 litres forpacking various items like paints adhesives lubricantschemicals etc.* CLIENTELE : The Company''s customer profile includes blue chip clientslike Procter & Gamble Goodlass Nerolac Berger PaintsJenson & Nicholson ITC Agrotech Asian Paints HPCLGreaves Foseco Balmer Lawrie IOCL Cadbury''s LotusChocolates Terraco UAE Arabian Liquid Chemicals - DubaiKT Resources PTE Ltd. and CCD Enterprises Ltd. -Singapore Pasupati Paints - Nepal BHEL DRDL etc.* INNOVATIONS & NEW PRODUCTS: Mold Tek has been responsive to the market needs and hasrecently introduced the concept of Air tight and PilferProof containers used extensively in the developedcountries for packing various items like paints lube oilsadhesives chemicals food products and spices.* EXPORTS:The company is also exploring overseas markets and hasalready exported its products to Singapore UAE and Nepal.