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Maniyar Plast Ltd.

BSE: 526321 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Maniyar Plast Ltd
NSE 05:30 | 01 Jan Maniyar Plast Ltd

Maniyar Plast Ltd. (MANIYARPLAST) - Company History

Maniyar Plast in the manufactures woven sacks and tarpaulins & has a widest range of plastic moulded furniture in India. In 1994, the company diversified into the production of moulded furniture and crates. The company entered into a technical collaboration with Italtech, Italy, a subsidiary of the Fiat group, to set up a plant to manufacture moulded furniture with a capacity of 2000 chairs per day. Though the project was delayed by six months, the company introduced its range of chairs during the second half of 1995. Company sucessfully launched mow models in plastc moulded furniture which has been instant hit in both domestic market as well as abroad. The company also expanded the production capacity of woven sacks to 4056 tpa from the current level of 2166 tpa. The company's clients for woven sacks include leading cement and fertiliser companies like Rashtriya Chemicals Fertilisers, PPCL, Digvijay Cement, etc. Company's Earning in foreign exchange also increase to Rs.0.98 lakhs as compared with the previous year Rs.0.31 lakhs. Company achieved the Sales turnover Rs.43.02 Crores and Net profit to Rs.2.33 Crores as compared with the previous year Sales turnover Rs.32.25 and Net Profit to Rs.2.22 Crores. Company declared the dividend for the year 1997-98 is 15%.