Arham Plastics Lmited was originaly incorporated on12-05-1989 with Registrar of Companies Tamil Nadu atMadras as Private Ltd company under the name Hi-TechPlastics P. Ltd and later converted into Public Ltd companyon 14-12-94. Subsequently the company has changed itsname into Arham Plastics Ltd vide frean certificate ofincorporation dt 05-01-1995.The Company was promoted by Mr. Sudershan Parakh who hasover 2 decades of experience in plastic industry and hisassociates. Recently Mr. Bachhral Parakh who has over 40years experience in plastic industry has been inducted intothe Board. Together the promoters of Arham PlasticsLtdare involved in the management of three other concernscollectively forming "NATIONAL PLASTICS MADRAS".The company is presently having one 550 Ton ToshibaInjection Mould ng Machine with the annual productioncapacity of 265 Tons. The company is supplying highprecision plastic components for Televisions TeiecomBatteries Sanitarywares and Plastic Fans. The companys''existing major customers are Solidaire India Ltd CampionPlastic Industries (P) Ltd and Plastic Fans (P) Ltd.YEAR INSTALLED CAPACITY CAPACITY UTILISATION1991-92 265 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 toslump in off-take ol TV Components. Because of thediversification in the product range planned in the currentexpansion programme recession in any particular industryis not likely to affect the company''s overall operations.The present turnover of Plastic Industry as a whole isaround Rs. 4500 Crores which is expected to go upto Rs.15000 Crores by 2000 AD. During the Eighth and Ninth Planperiod the plastic industry is expected to grow alacompounded annual rate of 12% ard 17% respectively. Theplastic components are used in various sectors includingAutomobile Telecom and Consumer Electronics and Durables.The market for white goods industry is expanding manifoldand consequently there is huge reqirement fortheircomponents. Plastic moulded furniture especially chairsare rapidly replacing conventional steel and woodenfurniture mainly due to distinct advantages in terms ofcost and features. This particular segment has beenexperiencing strong growth in demand which is about 25% perannum. (Economic Times Dt 06-04-1994)The key financial pertormance data of the company is givenbelow: (Rs.in Lacs)Particulars 31.03.95 31.03.94 31.03.93 31-03-92Total income 206.32 135.64 76.55 109.77Profit after Tax 17.45 1.38 0.27 2.97Share capital 141.81 78.03 7.65 7.09Reserves and surplus 32.71 23.63 22.31 24.89Gross Block 275.77# 137.52* 65.92 27.46Depreciation 70.91 39.74 28.26 8.79Net Current Assets 204.86 77.60 53.38 59.78* Includes enhancement due to revaluation of one machineryand one mould to the extent of Rs. 62.82 lacs and Rs. 7.56Lacs respectively.4 To carry on the business of manufacturingprccessing orbuying or selling of all ionds of natural and syntheticpolymers and polymer products.5. To manufactureassemble or to deal in as buyers sellersor as agents in all kinds of sparesplant and machineryrequired for processing manufacturingpackaging productspolymer products plastic products and rubber productsancillary and auxiliary equipments mouldstools {{gs.fixtures colours pigments and allied chemicalsSUBSIDIARY COMPANYThe Company has no subsidiary.
Name | Position |
---|---|
Mr. Arihant Parakh | Managing Director |
Mr. Sudershan Parakh | Director |
Mr. Sudhir K Patel | Director |
Mr. Ajit Kumar Chordia | Director |
Mrs. Manju Parakh | Director |