Quality
We are dedicated to delivering the highest standards of quality in every corrugated box we manufacture. We take pride in our attention to detail and strive for excellence in every aspect of our operations.
Summary of Mahip Industries Ltd
Past
We Mahip Industries Limited (Formerly Care Corrupack Ltd) engaged in corrugated box manufacturing since 1996 & were pioneer in the market of corrugated boxes and were enjoying the major stake in the market in supplying to big corporates segments like Textile Industry, Pharma Sector, Packers and Movers, FMCG, Plastic industry and many more alike.
Owing to the demand we planned for expansion and in the year 2011 & we shifted from Manual Plant to Fully Automted plant & created State-of-the Art facility at DHOLKA –BAGODRA highway with area measuring 31000 sq yard as the usable area.
We envisaged latest technology of machineries & imported the same from China and Taiwan and required skilled labourers as well and made enough arrangements to meet all future anticipated demand for the forthcoming growth for this market segment. Upon our erection of automation, as anticipated we started receiving orders from above sectors like MNC’s which were to the tune of Multiple Crores and we were running the Plant at the fullest capacity and even beyond that.
Our banker was Canara Bank since 1997 – 2017.
Their after we used to bank with PNB from September 2017 till September 2023.
Present
Out of our Shock & surprise, In October 2019 we were instructed by the NHAI for acquiring our Factory land for their upcoming dream project of Ahmedabad Dholera Six Lane Expressway, which was completely unforeseen and was never anticipated by us, Having said so we were completely in the situation of SHOCK and had NO DIRECTIONS to move to either sides.
Till then i.e., Till October 2019 the accounts of PNB were regularly served in spite of the Global recession in our industry and due to this unforeseen & unprecedented situation compelled us & diverted our focus from our PRODUCTION MINDSET into THE SAVING OF FACTORY LAND with the NHAI Authorities. Hence, our focus was forcefully diverted from main stream of work to all these unproductive aspects (land acquisition & etc ,) which were not known to us and unfortunately was beyond our Reach & Control.
The prevailing situation resulted into delay in our production, timely dispatches , making with our commitments with our clients & Thus resulted into losing of our major clients & also during the said period one of our major clients / debtors (Sintex industries Limited, ) failed in their payment & slowly & gradually good money started converting into bad debts & doubtful debts due to various factors & situations which were beyond our control.
This resulted into losing of our regular clients , as they took a step back and started searching for new suppliers as they cannot hold their production due to our non supplies in time. Thus, we drowned into major & deeper problems & more set backs faced by us & the regular flow of money was interrupted and day to day management & working capital was disturbed & jeopardize to major extent.
After lot of follow ups & persuasion with the concerned authorities, the compensation amount awarded by NHAI & was released , though not to the extent of our full expectation & Total Claimed amount. However, with the said released amount & upon disposal of some of our fixed assets . We could finally SETTLED the FULL & FINAL LIABILITIES & TOTAL CLAIM of PNB & thus closed the loan account of PNB in FULL & FINAL. Finally we are now completely DEBT FREE company in all regards. Further to this compensation received by NHAI , we do anticipate balance due amount from NHAI which is still under discussion & may be released in the future.
Future
At present, we held only 30% of the land against 100% of land what we used to enjoy before acquisition of land by NHAI. Hence, we need to accommodate all our Production activities with n the Preview of this left land with us. We are making all necessary arrangements & erection of the machinery & all required production processes with in the said land & are very much hopeful of commencing of production by Mid of May 2024. The process of erection, shifting of machineries & and other ancillary shifting is in full-fledged progress as of now. We anticipate monthly sales of Rs. 1.5 cr per month in the initial stage to begin with & gradually we will see the rise in the same. Besides this regular production of our regular business of corrugated boxes, we do study & analyse the possibilities of developing other related products which has good synergy with our production line e.g. : Tissue Paper Industry, Paper Bag Industry, which eventually have larger market & strong possibilities to develop the same in time to come.
Needless to say, now we are DEBT FREE, INTEREST FREE company with NO LIABILITIES status. Hence, We anticipate a handsome margins for time to come.
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Core Values
Customer Focus
Our customers are at the heart of everything we do. We listen to their needs, understand their challenges, and provide tailored solutions that meet their specific requirements. We are committed to building long-term partnerships based on trust, reliability, and exceptional customer service.
Innovation
We embrace innovation as a driving force behind our success. We continuously invest in research and development to stay ahead of industry trends and technological advancements. By adopting new ideas, materials, and manufacturing processes, we bring cutting-edge solutions to our clients.
Sustainability
We are committed to reducing our environmental impact and promoting sustainability throughout our operations. We prioritize the use of recycled materials, implement energy-efficient practices, and explore eco-friendly alternatives. Our goal is to contribute positively to the well-being of our planet and communities.
Integrity
We conduct our business with the highest level of integrity and ethical standards. Honesty, transparency, and fairness are the cornerstones of our relationships with customers, suppliers, employees, and stakeholders.
Continuous Improvement
We believe in continuously improving our processes, products, and services. Through ongoing evaluation, feedback, and learning, we strive for excellence and operational efficiency. We foster a culture of innovation and encourage our team members to pursue personal and professional growth. By embracing our mission, vision, and core values, we aim to be the preferred choice for businesses seeking reliable, sustainable, and customized packaging solutions.