FROM RESEARCH DESK:

Many of the blog visitors have invested in Glory Polyfilms Ltd on my suggestion in the past and recently; many have also averaged the scrip, when it came down to some abnormal levels. However, many investors do not know fully what the company is into, so let us take a scoop at it once again:

Glory Polyfilms Ltd is a part of the Praksh Kela Group of Industries which has over 25 years of expertise in multilayer polyfilms manufacturing. Glory Polyfilms has a state-of-the art Imported and Indian machines to manufacture high barrier and speciality films and laminates at Daman.

Group of Companies:

(i) Tristar Industries - Daman

(ii) Immense Packaging - Chennai

All the group companies of Glory is in to manufacture of multi layer co-extruded PE films for the MILK packaging sector. Most of its clients are Government Dairies in the different states in India.

Why Glory ?

1. It has a very specialized experienced team of dedicated professionals for marketing,manufacturing, business development and technical services .

2. While its H.O serves the business interests in the west and also controls the all India business, the company has its offices in Delhi, Kolkata, Chennai and Hyderabad.

3. Extrusion Machine : 5 layer 5 extruder machine with Automatic thickness control optifil P2K System from Windmoller & Holscher - Germany

4. Most Modern 8 color printing machine with fully auto registration systems and turrets.

5. The latest modern set up for solvent based/ solventless lamenation machine with pouch making facility as required by packing industry.

6. Modern Quality Control Assurance facility. 

Glory mainly caters to the food industry and the FMCG sectors as well as some industrial sectors. Our products find use in the following end use applications :

(i) Confectionary items

(ii) Coffee, tea, milk, milk-powder, cheese and soft-drink concentrates,

(iii) pop-corn, besan, rice, edible oil, ghee, vanaspati, hair oil and cereals,

(iv) Shampoos, cosmetics, buiscuits, chocolates, etc.

In  February, 2010 the Company came out with the first issue  of  35,00,000 Global Depository Receipts (GDRs) through the Luxembourge Stock Exchange at a  price of US$ 1.0246 per GDR and raised USD 3.58 million pursuant to  the Offering  Circular dated 18th February, 2010 and GDRs are listed  on  LuxSE and  are  traded on the Euro MTF. Each GDR represents two equity  share  of Rs.10 each. The underlying equity shares are listed with NSE and BSE.


Issue of Promoters Warrants: In 2010, the Company has approved issue and allotment of  15,00,000 warrants  to promoters on preferential basis at an issue price of Rs.24 per  warrant convertible into at par number of equity shares  and  received 25%  of issue price aggregating to Rs.90.00 lacs. Further the  Company  has applied to Stock Exchanges for their in principal approval and the same  is pending before the exchanges.

The promoters have been accumulating shares from the market since the last few months. Some of the statistics have been given in the site of BSE. During FY11, high quality, value added and cost effective multilayer films & laminates preferred by the consumers were developed. Rapidly growing Indian economy is resulting in rising demand for plastic packaging products in India and abroad. Mushrooming of malls in India in both tier I cities and tier II  cities due  to  the emergence of the organized retailing where  leading  companies have entered the retailing sector is also positive for the company. 
It  is  also observed that a mere 20% of the  population  in  India consumes  80% of the packaged  production whereas the  remaining  80%  of  the population have an access to only 20%  of  the packaged  production. There exists an exceptional gap in India between  the necessary and actual demand for packaging of essential commodities and this is one of the major reasons why the growth of flexible packaging is not  an alternative here but is rather an imperative. 
THE COMPANY IS COMING UP WITH RESULTS ON 30TH MAY, 2011. If the results of the company are good the scrip of Glory Polyfilms Ltd should move up. A "Great Pundit" who said he had earlier predicted many such results before hand (his ID probably is singhania or something like that....search MMB you would probably get that....) in MMB has written that the company would come up with a loss of around Rs.19.10 Cr (if I could remember correctly) in Q4FY11--let us see if that "Great Analyst" is correct or not!!