Mitsu Chem Plast Share price

The Company was incorporated as Mitsu Chem Private Limited on September 23 1988 under the Companies Act 1956 with the Registrar of Companies Mumbai bearing Registration No. 048925. The name of the Company was changed to Mitsu Chem Plast Private Limited vide special resolution dated May 11 2016. Also vide the same special resolution the status of the Company was changed to a public limited company. A fresh Certificate of Incorporation consequent upon change of name to Mitsu Chem Plast Limited was issued on June 08 2016 by the Registrar of Companies Mumbai. The Company’s Corporate Identity Number is U25111MH1988PLC048925.The Company Mitsu Chem Plast Limited an ISO 9001:2008 and ISO TS/16494 (Unit – III) certified Company is a polymer based moulded products manufacturing company engaged in the business of manufacture and marketing of technically driven innovative products catering to growing industry segments like Industrial Packaging Solutions Lifestyle Products Automotive Components Healthcare Products Infrastructure related products & Emergency Handling Solutions.The Company was incorporated in the year 1988 and began its first manufacturing unit in Tarapur Maharashtra near Mumbai in the year 1990. Over the years we have expanded the scale and scope of operations and currently we operate three (3) manufacturing units for manufacture of various polymer based products. As part of this expansion in the year 2007 we acquired another plant in Tarapur Maharashtra admeasuring approximately 36597 sq. ft. for setting up an exclusive Blow Moulding unit having capacity for various industrial packing healthcare automotive and other infrastructural products. Keeping in momentum of the expansion in the year 2012 with a view to expand the Blow Moulding Injection Moulding and Custom Moulding product base we acquired a 11000 sq. ft. plant at Rudrapur Uttarakhad (on leasehold basis) and set up the third manufacturing unit mainly dedicated to automotive components for several established automobile companies in India.The Company’s blow moulded product portfolio consists of four major segments viz. Industrial Containers Healthcare Furniture Automotive components Medical Devices and Infrastructure Furniture. The injection moulded product portfolio consists of Medical Devices and Accessories for Industrial Containers Healthcare Furniture and Automotive components.The products are manufactured under the brand “Mitsu” and the same are sold to various intermediary companies who after minor value additions and / or modifications supply to various Automobile companies. For example majority of the automotive components are sold to various automotive OEMs who are suppliers to Ashok Leyland Tata Motors and Man Motors. The industrial packing products like open mouth / wide mouth drums jerry cans bottles and varied size containers are currently the preferred choice of some of the top Indian pharmaceutical companies and are also made of 100% food grade materials adhering to 21 CFR norms as per USFDA standards. The end users include various national and international automobile companies pharmaceutical & chemical companies hospitals and other corporate houses including National Peroxides Ltd. Galaxy Surfactants Ltd. Castrol India Ltd. Thermax Ltd. Cipla Ltd. Emcure Pharmaceuticals Ltd. Mylan India Ltd. Tata Ficosa Ltd. and Tata Autocomp Systems Ltd. to name a few.We have a dedicated research and development department with a clear objective of new products developments and continual innovation and evaluation of various products processes and materials to add value wherever needed. As a result of the constant R & D we have many products pioneered / innovated by us which have been a major contributor to the turnaround of the Company. From innovating Plastic Rings for Industrial Containers pioneering the Hospital Bed parts first time in India obtaining selling rights for Wello Waterwheel for tribal women to Spine Board development are some of the examples of the products that are inspired by innovation. In the year 2004 the Company had obtained a patent for the Plastic Rings which forms part of the open top drums. These drums affix a ring around the mouth for holding the mouth in its proper shape thus preventing spillage which has traditionally been a metal ring. This metal ring is subject to corrosion & leaks and also increases the weight of the container. The Company has pioneered a replacement for this metal ring which is a polymer based injection moulded plastic clamp with the same function. The design patented “Mitsu Plastic Clamps” ensure no corrosion are lighter in weight are environment friendly and at the same time are more economical.MAJOR EVENTS1988 - Incorporated under Companies Act 1956 as Mitsu Chem Private Limited1989 - Acquired Plot No. N-84 at MIDC Tarapur and commenced production of blow moulded and injection mouldedplastic products at Unit – I in Tarapur1990 - Change in Promoters / Management of the Company1995 - Acquired Plot No. N-83 at MIDC Tarapur in the name of one of the Group Company and used the same for manufacturing activities of the Company1999 - Fresh agreement upon transfer of Plot No. N-83 in the name of the Company and fresh agreement of Plot No. N-84 upon submission of certificate of completion entered into by MIDC Tarapur.2001 - Company received its first ISO Certification2004 - Product Patent received for ‘Mitsu Plastic Clamp’ under Design No. 1954022006 - Maiden Bonus Issue of the Company via Capitalizing Rs. 41 lakhs2007 - Acquired Plot No. J-237 at MIDC Tarapur for setting up Unit – II for the production of blow moulded plastic products2012 - Acquired manufacturing premises Khasra No. 60/4 at Rudrapur Uttarakhand (on leasehold basis) for setting up Unit – III mainly for manufacturing of blow moulded and injection moulded automotive parts and health care products.Acquired Office premises at 322-329 Gala Complex Mulund Mumbai for setting up of Registered Office.2013 - Obtained possession of additional manufacturing of PE-14 at Sanand GIDC Gujarat for future expansion of the manufacturing activities.2014 - Received ISO / TS 16949: 2009 for Blow and Injection Moulded Components like Rain Hood Plastic for Air Cleaner and Washer Bottles for Wiper Systems from TUV Rheinland Germany.2015 - Obtained the CE certification from Standards Certification Council for the blow moulded product of Spine Board2015 - Gross Revenue crosses more than 100 crores2016 - Change in the name & status of the Company from Mitsu Chem Private Limited to Mitsu Chem Plast Limited2016 - Sub Division of the Face Value of the Equity Shares from Rs. 100 to Rs. 10 each.