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Wim Plast Ltd.

BSE: 526586 Sector: Industrials
NSE: WIMPLAST ISIN Code: INE015B01018
BSE 11:33 | 26 Apr 546.00 -1.90
(-0.35%)
OPEN

542.55

HIGH

556.95

LOW

542.50

NSE 05:30 | 01 Jan Wim Plast Ltd
OPEN 542.55
PREVIOUS CLOSE 547.90
VOLUME 423
52-Week high 1119.45
52-Week low 511.60
P/E 15.97
Mkt Cap.(Rs cr) 655
Buy Price 546.00
Buy Qty 3.00
Sell Price 550.00
Sell Qty 20.00
OPEN 542.55
CLOSE 547.90
VOLUME 423
52-Week high 1119.45
52-Week low 511.60
P/E 15.97
Mkt Cap.(Rs cr) 655
Buy Price 546.00
Buy Qty 3.00
Sell Price 550.00
Sell Qty 20.00

Wim Plast Ltd. (WIMPLAST) - Company History

Jointly promoted by the Cello and M G Shah groups as a private limited company in Oct.'88, Wim Plast (WPL) was converted into a public limited company in Jul.'93. WPL came out with its initial public offering in Aug.'94, to part-finance the project at Daman to manufacture 2020 tpa of injection-moulded plastic furniture like chairs and tables. The cost of the project, as appraised by IDBI, was estimated at Rs 10.85 cr. The company went into commercial production from 1 Dec.'94. The main products of the company are injection-moulded plastic furniture like chairs, tables, etc. The range selected by the company are the latest and contemporary European designs having distinct features like vivid colour combinations, ergonomically designed for maximum physical comfort, light-weight, 100% termite resistant, low maintenance cost, easy stackability and low cost. The product is marketed to households and institutional users. It will be marketing its products under the popular and well-established Cello brand name. The company has imported moulds from Italy at concessional customs duty under the EPCG scheme, wherein it has an export obligation. The company's products, from the initial response received from the market, are gaining increased acceptance from customers. During 1998-99, it has increased its Plastic Moulded Articles installed capacity from 7810 MT to 11489 MT. It has also acquired four additional injection moulding machines from local & seven additional moulds for chair & teapoys from international market. The Company's new unit-3 at Daman was successfully commenced in December, 1999. The Company has tied up with M/s National Plasto Products Pvt Ltd., Calcutta to manufacture "Cello" brand moulded furniture. The company decided to float JV Company named Cello-GQ Industries Ltd in Bangladesh and the new company will be for manufacturing and marketing the Company's plastic moulded furniture.