Uma Converter Limited (“Company” or “Issuer”) was originally incorporated as ‘‘Uma Converter Private Limited’ on June 18, 1999 as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Pursuant to a special resolution of its Shareholders passed in the 19th annual general meeting held on August 29, 2018 the Company was converted from a private limited company to a public limited company and consequently the name of the Company was changed to ‘Uma Converter Limited’, and a fresh certificate of incorporation dated September 27, 2018 was issued to the Company by the Registrar of Companies, Gujarat at Ahmedabad.

The company was incorporated as a private limited company in 1999, with the business to manufacture flexible packaging material in its manufacturing unit situated at Gandhinagar, Gujarat. The company is engaged in manufacturing flexible packaging material which is multi-functional and caters to the packaging requirements of various industries. The company’s products are crafted out of an extensive range of industry approved materials such as polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, bio-degradable films, etc. Since, flexible packaging material predominantly consists of plastic as a major raw material, it aims to manufacture its products sustainably by aiming towards “Reuse, Recycle and Upcycle”. In order to ensure that its manufacturing operations remain sustainable, it has executed various memorandums of understanding with third parties for collection, segregation, transportation, recycling and disposal of plastic waste. The company has also executed a service agreement with Ambuja Cements Limited for disposal of plastic waste in an environmentally friendly manner in the cement kiln process at high temperatures and long residence time, while simultaneously manufacturing cement of desired quality. It has obtained necessary licenses and approvals and have made applications seeking approval for using plastic in its manufacturing process in both its manufacturing units.

The company’s integrated business model provides all packaging solutions to its customers by researching and developing suitable packaging material, creating designs suitable to the nature of the product and manufacturing the final packaging material. The company’s Research and Development division (R&D Division) is equipped with the necessary facilities to carry out all necessary trials to develop and devise packaging material suitable to the nature of the product and the requirement of the various domestic and international packaging regulations and standards. The company’s team of experts employed in the R&D Division carry out various tests in its in-house R&D laboratory on the nature and reactivity of the packaging material to ensure the quality of its products and compliance with the customer requirements and regulatory standards.

Business area of the company

The company has been the leading manufacturer and exporter of quality Flexible Packaging Material offering wide range of customized packaging solutions for various industries such as food, beverages, pharmaceuticals, personal care and many more. The company’s product portfolio largely consists of multi-color pouches, stand-up pouches, zip-lock pouches, vacuum pouch, paper bag, e-commerce bag, etc. Over the years, it has offered cost effective and customized flexible packaging solutions in accordance with the standardized sizes, designs of the customer requirements, coherent with the latest technological advances within the industry. It manufactures packaging material suitable for packaging products manufactured in food and beverage industry, e-commerce industry, pharmaceutical industry, hygiene and personal-care industry, household industry and agricultural industry. The company’s customers are mainly manufacturers functioning in the aforementioned industries.

Awards and Accreditations

• 2008: Received a certificate of registration from Alcumus ISOQAR certifying that the management system applied by the Company in Unit-I has been approved by Alcumus ISOQAR and is compliant with the requirement of ISO 9001:2015.
  
• 2008: Received a certificate of registration from Alcumus ISOQAR certifying that the food safety management system applied by the Company in its Unit-I has been approved by Alcumus ISOQAR and is compliant with the requirement of ISO 22000:2005
  
• 2020: Received a certificate from SGS United Kingdom Limited certifying that manufacturing of printed and laminated flexible packaging material in roll and pouch form in Unit - II meet the requirements of ISO 9001:2015.
  
• 2020: The Company was awarded with the ‘IFCA Star 2019’ award in recognition of excellence in packaging of ‘Real Namkeen Ratlami Sev 400 grams’ in the category of graphic design.
  
• 2020: The Company was awarded with the ‘IFCA Star 2019’ award in recognition of excellence in packaging of ‘Real Namkeen Ratlami Sev 400 grams’ in the category of innovation/ graphic design.
  
• 2020: The Company received a certificate of appreciation from Britannia Industries Limited for its collaborative partnership and immediate response during the COVID-19 pandemic crisis.
  
• 2021: Received a certificate from SGS United Kingdom Limited certifying that food safety management systems applied in Unit - II meet the requirements of FSSC 22000.
  
• 2021: Received a certificate from SGS United Kingdom Limited certifying that blown film extrusion, rotogravure printing, lamination, slitting, pouching of PE/PP/PET/paper based flexible laminate rolls and pouches for food and non-food packaging applications manufactured in Unit - II meet the global standard for packaging materials.
  

Major Events and Milestones

• 2000: Commencement of commercial production of flexible packaging material in the manufacturing unit situated at Block number 868 and 871, Near CNG Petrol Pump, Santej Road, Village - Santej, Taluka - Kalol, Gandhinagar, Gujarat, India (“Unit -I”) with an installed capacity of 720 metric tones per annum.
  
• 2006: The Company commenced its export operations.
  
• 2007: Increase in manufacturing capacity of Unit-I from 720 metric tones per annum to 2,400 metric tones per annum.
  
• 2008: Increase in manufacturing capacity of Unit-I from 2,400 metric tones per annum to 3,600 metric tones per annum.
  
• 2011: The sales revenue of the Company during the financial year 2010-2011 increased by 39% and the profits earned by the Company increased by 155%.
  
• 2015: During the financial year 2014-2015, the Company achieved a milestone turnover of Rs 8516.49 lakh.
  
• 2016: During the financial year 2015-2016, the Company surpassed its milestone turnover and achieved a net turnover of Rs 8709.95 lakh.
  
• 2018: Setting up of an additional unit to increase its manufacturing capacity by acquiring land situated at Block Number 291, 294, 295 and 296, Village Timba, Dascroi, Ahmedabad , Gujarat, India (“Unit-II”).
  
• 2018: The Company reported a net turnover and net profit after tax and depreciation of Rs 9014.05 lakh and Rs 358.39 lakh, respectively.
  
• 2019: Commencement of commercial production in Unit-II.
  
• 2019: Increase in manufacturing capacity of Unit-I from 5,400 metric tones per annum to 6,000 metric tones per annum.
  
• 2019: The Company reported a net turnover and net profit after tax and depreciation of Rs 10,439.09 lakh and Rs 429.31 lakh, respectively.
  
• 2020: The Company commenced export operations in Unit - II.
  
• 2020: The Company implemented Flexibiz Gold ERP in all offices and manufacturing units.
  
• 2020: The company started the E-commerce packaging for brands such as Amazon, Myntra and Zoom.