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All Metal Process Industries Ltd. Stock Analysis

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Metal - Ferrous
All Metal Process Industries (formerly Welplan Construction Company) was incorporated on  February 27, 1985, under the name of Welplan Construction Company. The company was engaged in the construction business. On July 1, 1992 a company named --All Metal Process Industries-- was...

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All Metal Process Industries (formerly Welplan Construction Company) was incorporated on  February 27, 1985, under the name of Welplan Construction Company. The company was engaged in the construction business. On July 1, 1992 a company named --All Metal Process Industries-- was amalgamated with Welplan Construction Company, subsequent to which Welplan Construction Company discontinued its construction business & took over the existing steel processing

All Metal Process Industries (formerly Welplan Construction Company) was incorporated on  February 27, 1985, under the name of Welplan Construction Company. The company was engaged in the construction business. On July 1, 1992 a company named --All Metal Process Industries-- was amalgamated with Welplan Construction Company, subsequent to which Welplan Construction Company discontinued its construction business & took over the existing steel processing activities of All Metal Process Industries.  Subsequently to take advantage of the goodwill created by All Metal Process Industries, name of Welplan Construction Company was changed to All Metal Process Industries with effect from  May 25, 1993.

The key executives of the company are Ashok Kapoor, S G A Safvi,P C Surana and Kanwaljeet Bawa. The Company’s Head Office / Quarters is located at - Gut Nos. 295-300, Village Dhamane Tal Maval, Pune, Maharashtra-410506.

The erstwhile All Metal Process Industries was started as a partnership firm in 1978, under the name All Metal Process Industries, by Ashok Kapoor and Sharat Kumar Lilha. This firm set up a small unit in Bhandup, Bombay, for pickling & oiling of HR strips & coils. The unit was then shifted to Wagle Industrial Estate, Thane in 1979 and  its activities were expanded from pickling & oiling to decoiling, leveling, shearing & slitting of HR strips and  coils. The firm was then converted into a private limited company  in April 1989 & subsequently into a Public Limited company on  25th March 1992. Subsequently, under the scheme of amalgamation All Metal Process Industries was amalgamated by an order dated 31/3/93 with Welplan Construction Company and the erstwhile All Metal Process Industries was dissolved without winding up.

After obtaining the change of name approval from the Registrar of Companies the name of Welplan Construction Company was changed to All Metal Process Industries and a certificate to that effect was obtained from the  Registar of Companies, Maharashtra, Bombay on 25/3/93.  

In order to have all stages of steel processing under one umbrella the company took over a sick unit situated at  MIDC, Taloja on 17th Aug. 1993 which had heating furnace & rerolling facilities.  This sick unit was purchased from  Bee-Jay Non-Ferrous Re-Rollers (P) Ltd. at a total cost of Rs. 65 lacs.

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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