Polar Industries Ltd Company Summary

Established in 1982 and promoted by Anil Agarwal, Polar Industries (PIL), the flagship of the Polar group, is primarily a ceiling-fan producer, but has re-fashioned itself into an electro-mechanical syndicate by diversifying into synergical products like fractional horse power (FHP) motors and water/chemical lifting pumps. PIL which has four divisions - fans (cap. ; 15 lac), FHP motors (cap. : 6 lac), pumps (cap. : 3.6 lac) and electrical stampings (cap. : 2940 tpa) - has also added domestic appliances to its fold. It launched a wide range of domestic appliances under the Sheffield brand name, which received a good response.The takeover of Sumach Electricals by the company stregthened its ceiling fan segment. The introduction of hi-speed presses and de-carbonisation and re-crystallisation plants in the lamination division increased PILs installed capacity. The company has expanded its motor divisions capacity to 6 lac pa.The fans are being exported to countries like the UK, Germany, Holland, France and other European countries, besides west Asian countries and Bangladesh; while motors are being exported to Russia and other European countries.The company has achieved a major milestone by becoming an ISO 9002 in all the product lines. It has expanded its product range through introducing new models like `Windchill,`Winchester,`Edison-M.X.,`Edison Sunflower Yellow, etc. During 2000-01,the company took a timely decision to merge a group company,Polar Fan Industries Ltd(PFIL) with Polar Industries Ltd(PIL).PFIL is an existing profit making company, is been engaged in the manufacture and marketing of Fans of various types. The Honble High Court of Kolkata has also approved the scheme of merger and issued orders on 02.07.2001 for merger of both companies.

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Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

Polar Industries Ltd Company Summary

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.

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ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.