Bisil Plast Ltd share Price

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• Incorporated in Sep.`86 as a private limited company, Bisil Plast was converted into a public limited company in May `92. It was promoted by Sanjay S Shah, Surenderbhai T Shah, Shilaben Shah and Ritaben Shah. The company was set up with the object of manufacturing PVC bottles. However, during the initial years, the company could not produce bottles due to various reasons like shortage of trained experienced personnel to run sophisticated machines at Chhatral, Gujarat, no definite market for the PVC bottles at that time, etc. Hence the demand for the PVC bottles was not substantial. The delay in the disbursement of term loans aggrevated the problems and it started slipping into losses. Over the years, Chhatral started developing and with the availability of necessary infrastructural facilities and improvement in the market for the product, the company started regrouping its limited resources to make concentrated efforts to minimise financial crisis. Sensing the increase in the demand for the PVC bottles, the company decided to expand its capacity at its plant located in Chhatral. It came out with a public issue in Feb.`96 to part-finance its expansion programme. The company has marketing arrangements with Kothari Beverages, manufacturers of Yes brand mineral water, for a supply of 10 lac bottles pm for a period of 12 months. The bottles manufactured by the company, would be filled by mineral water by outside agencies on job-work basis. It has also received orders from Vishal Plast Enterprise on behalf of their overseas principal. The Company has implemented a project of forward integration for Aqua Water (Mineral Water) with capacity of 4,500 litres per hour using Reverse Osmosis Membrannes and Ultraviolate Sterilizer technology. The Company has installed Plant & Machinery with Desalination Systems Inc and Aquafine Corporation, U S A. The company has ventured into the projects of PET Bottles mainly used for bottling liquor, products having gaseous contents. Due to the commencement of new activity of manufacturing and sale of PET performs, the turnover of the company increased to Rs.128 lacs during the year 1999-2000 as compared to 105 lacs in the previous year.