HPM INDUSTRIES LIMITED
Established by Veteran Businessman of Delhi Late Sh. Shrikishan Dass Barathi, a renowned name in the wholesale bulk market of Karyana, Dry Fruits, Chemicals, Indian Crude Drugs, Fertilizers, Micronutrients and finally Agro Chemicals. It is an Insecticides Technical and Formulations and is established at Rajasthan Govt approved Industrial Zone for hazardous chemicals at Alwar, which is around 2.30 Hrs. road drive from Delhi airport while also well connected by railways too with many fast, slow and passenger trains both for up and downwards journey from Delhi.
After the sudden accidental death of our founder Chairman along with his wife, the eldest son, Shri Prem Aggarwal, took over the management as CMD of the Company supported by son Mr. Ajay Aggarwal, B.E.Chem., a first-class Chemical Engineer. The present CMD has been associated since inception of this Company and is his brainchild only, nourished and brought up under his expertise and experience of more than four decades in this line of trade who started his carrier as the sole proprietor of HINDUSTAN PULVERISING MILL, which later came to the share of his youngest brother while his remaining brothers are successfully running their own Units under the style of Insecticides India Ltd (run by Shri Hari Chand – eldest younger brother); Jayshree Rasayan Ltd (by nest younger brother Sh. Om Parkash); Crystal Phosphate Ltd (nest younger brother Shri Nand Kishore) and the original Co Hindustan Pulverizing Mills (by the youngest brother Shri Ashok Kumar).
Due to availability & access to the knowledge of advanced agriculture with increased use of fertilizers; Agricultural production increased drastically but brought pests and other diseases too needing Insecticides. Thus there started a mushroom growth of pesticides formulation industries in India, involving (technically) the packaging line as Formulation of Pesticides does not need any critical process, as such of either cooling, heating, curing etc. However, the basic Insecticides manufacturing with availability was confined to only a few MNC’s involving advanced technologies coupled with heavy investments. The installed capacity was not much as compared to the spurt in the size of demand and need was felt to install its own technical manufacturing facilities to meet the captive use besides the market demand.
The existing Unit located in an industrial land area of about seven acres of land was established and came into production of Monochrotophos Technical, an Organic Phosphate Compound, in 1996 under technology from IICT, Hyderabad, which took off in the market with flying colors and appreciated due to its high quality standards which proved better than all other manufacturers all over India including MNC’s. Being seasonal products, the Company wanted to come out with other molecules too needed finance, which unfortunately could not be organized and made available to keep them.
Plant running throughout the year.
In spite of having the available best team in the production, quality, and knowledge of the market, the Company could not grow due to underutilized capacity in spite of its capacities and capabilities due to the paucity of financings. Later dissensions in the family due to the sudden demise of the Chairman followed by partitions in the family, the operations were seized for want of cash crunch and internal competitions. As long terms borrowing financed by IDBI and IIBI were never permitted by the lenders to be re-scheduled, the short term funds of working capital got diverted to repayment of long term borrowings putting further pressure on the already cash-starved company; which ultimately had to seek shelter from BIFR to keep the secured lenders at bay while all limits etc. were already withdrawn while management tried to survive the Company based on the Long Standing Goodwill of the Family but has to ultimately come to a grinding halt in 2008-09. Where after only stray job work was done in a piecemeal basis. The Plant is still maintained and can be re-put to production after doing the required maintenance. However mandatory minimum staffs like watch and ward services along with a Supervising Manager is still maintained by the management with needed labor as per requirements from time to time.
PRESENTLY the Company has already settled and paid all its secured Creditors with no statutory liabilities including workman compensations and/or such other liabilities. As on date Co has already submitted its DRAFT REHABILITATION PACKAGE PLAN to the Operating Agency appointed by BIFR and is under the process of scrutiny. As Company intends to re-start with job work basis contracts if due needed finances for re-vamping of the plant gets organized.
IMPORTANTLY all needed statutory permissions and licenses of the Company are till date valid including Pollution Control Board permissions. As per Insecticides Act of India, the Company holds mandatory CIB Registrations which are more than 210 at present, while more can be obtained but shall be restricted to a limit of only ten products per year. Hence no gestation period is required to enter into this industry.
- NO SECURED CREDITORS
- NO PRIVATE LOANS
- NO OTHER SECURED CREDITORS
- NO STATUTORY LIABILITIES
- NO PENDING WORKMAN COMPENSATIONS
- NO STAFF PAYMENTS PENDING
- NO MAJOR LITIGATIONS AGAINST THE COMPANY
- HAVING VALID CIB REGISTRATIONS FOR MORE THAN 210 PRODUCTS
(WHILE UNDER NEW REGISTRATION GUIDELINES, AN APPLICANT CAN HAVE AND APPLY NOT MORE THAN TEN REGISTRATIONS PER YEAR PROVIDED COMPLETE DATA AS PER REQUIREMENT OF ACT IS MET – HENCE BASKET OF PRODUCTS CAN BE STARTED TO CATER TO THE MARKET)
- COMPANY HAS CURRENTLY VALID ALL FACTORY LICENCES AND CPCB CLEARANCE.
- FACTORY IS LOCATED NEAREST TO THE URBAN METRO CITY OF DELHI WELL CONNECTED BY ROAD HAVING ABOUT 2 HOURS DRIVE FROM AIRPORT AND IS ALSOS CONNECTED BY RAIL.
- INDUSTRY FALLS IN THE HAZARDOUS CHEMICAL ZONE NEAREST TO DELHI.
- PLANT HAS the CAPACITY TO MANUFACTURE 2000 TPA OF INSECTICIDES VARIOUS TECHNICALS BESIDES AMPLE CAPACITY OF FORMULATIONS (ALL KINDS)
- FACTORY IS WELL DESIGNED AS PER INTERNATIONAL NORMS AND ELIGIBLE FOR ISO/USDA APPROVALS & REGISTRATIONS
- AMPLE SPACE AVAILABLE FOR EXPANSION AND DIVERSIFICATION.
- COMPLETE INFRASTRUCTURE FACILITIES OF REFRIGERATION UNIT OF 100 TR, BOILER OF 3.5 TONS AND ALL equipment ARE OF REPUTED MAKE AND SUPPLIERS.
- UNIT CAN BE COMMISSIONED AT A SHORT NOTICE OF 6-8 WEEKS OF THE FIRM DECISIONS.
- UNIT IS IDEAL FOR MANUFACTURING OF OTHER CHEMICALS INCLUDING PHARMA / INTERMEDIATES/ HERBS EXTRACTION AND THEIR FORMULATIONS.
ALL/ANY OTHER INFORMATIONS CAN BE PROVIDED ON SPECIFIC REQUEST.
TERMS AND ARRANGEMENTS:
Any viable suitable mutually agreeable terms can be negotiated and discussed to the mutual suitability of the Investors/Buyers/ Facilitators.