Story:Puneet Resins Limited was incorporated in 1984 in the State of Maharashtra. The company has its Registered Office at Bombay and factory at Satpur MIDC, Nasik.The company is a public limited company listed on the Bombay Stock Exchange. It has received ISO 9001:2000 Certification and has been a pioneer in introducing various grades of rubber compounds in India. Currently its products are exported to various developed markets across the globe.Puneet Resins has been producing high quality products through innovation, development and improvement meeting each customer's requirements.The Company has been manufacturing Rubber & PVC Compounds which have specialised properties such as oil resistance, flame retardancy, ozone resistance, fuel and solvent resistance, etc. These compounds are used to make products such as petrol hose, LPG tubes, footwear, auto parts, protective clothing, seals, conveyor belts, etc.The sales mix of trading revenues to manufacturing revenues varies widely from year to year depending on demand conditions.The company has reported consistent growth in revenues and profits over the last five years.It operated with no net debt.The business is subject to price spikes of its raw materials (PVC, Synthetic Rubber etc.).It is exposed to further weakening in its negotiating power with suppliers as a result of increasing importance of competing (petroleum-based) user industries.It also has apparently little pricing power with its end customers.Still looks a bet to watch out for in the coming years.Provides a cool dividend yield of 5% too.