Universal Prime Aluminium Ltd - Stock Valuation and Financial Performance

Universal Prime Aluminium was incorporated in 1971 as Sudarshan Engineering to manufacture aluminum collapsible tubes. Later on the company diversified into the manufacture of round and oval tin containers used as packing medium for packing of tooth and talcum powders. The product list of the company includes aluminum collapsible tubes/rigid containers, tin containers and printing including litho printing. The registered office and head office of the company are located at Mumbai with a branch office at Kolkata. Plants of the company are located at Taloja, district Raigad in Maharashtra and Hyderabad in Andhra Pradesh. Installed capacity of the company is 100 million tonnes (MT) of aluminum collapsible tubes/rigid containers, 48 MT of tin containers and 12,000 MT of printing including litho printing. The Company has discontinued its manufacturing activities since May 2007 at Taloja and since July 1999 at Hyderabad in view of considerable fall in demand for aluminum collapsible tubes with the introduction of plastic laminated tubes and oval tin containers.

Milestones:

• 1971 ------

The company was incorporated on the 5th of July, 1971 under the name and style of 'Sudarshan Engineering Private Limited' by Mr. S C Chokani to set up a plant to manufacture 18 million numbers of Aluminium Collapsible Tubes per annum.

• 1974 ------

The management of company was taken over by Prakash Kumar Mohta early in 1974 as the project couldn't be implemented. The company was thereafter converted into a Public Limited company and renamed as 'Universal Cans and Containers Limited'.

• 1975 ------

The company started its manufacturing activities this year at Taloja near Bombay with an installed capacity of 18 million numbers of Aluminium Collapsible Tubes per annum.

• 1978 ------

In order to meet the growing demand, the capacity was increased to 43 million numbers per annum in this year.

• 1983 ------

The capacity was further raised to 100 million numbers per annum in 1983.

• 1984 ------

The company diversified into the manufacture of Round and Oval tin containers used as packing medium for packing of tooth and talcum powders at its existing location at Taloja with a capacity of 48 million numbers per annum.

• 1989 ------

The company set up a unit at Hyderabad to manufacture tin containers by shifting part facilities from Taloja. The existing products of company namely Aluminium Collapsible Tubes are used for filling tooth paste, cosmetics, medicinal creams etc., while Tin Containers are used for packing of tooth powder and talcum powder.

• 2003 -------

Shareholders approved delisting of its equity shares from the Ahmedabad and Delhi Stock Exchanges.

Products:

• Aluminum collapsible tubes/rigid containers,
• Tin containers and
• Printing including litho printing