Indofil Industries Limited Unlisted Shares
(i) Indofil Chemicals Limited was incorporated in 1962 as a subsidiary of Rohm and Haas Company, US. In 1985, the Company was merged with a listed company called Modipon Limited (MPL) and operated as a division of MPL till 2006. Thereafter, in 2007, Indofil was separated from MPL and transferred and vested with Indofil Organic Industries Limited (IOIL). Further, in 2010, IOIL was rechristened as Indofil Industries Limited (Indofil).
(ii) Indofil Industries Limited (Indofil) is a fully-integrated, multi-product chemical company, part of the K. K. Modi Group of Companies. Its expertise lies in the manufacturing, distribution, and marketing of agrochemicals and specialty chemicals.
(iii) Indofil provides high-quality crop care products to farmers and plays a significant role in helping them implement best practices in crop protection. Indofil has been able to augment growth with a focus on Research and Development (R&D) based product development and structured business, coupled with appropriate technologies and distribution network.
(iv) Over the years, Indofil has provided best-in-class chemicals, both to the domestic and international markets. The products are accredited with international quality standards such as ISO 9001, OHSAS 18001 and ISO 14001. A consistent focus on innovation drives Indofil’s ambition to create an enterprise value of 2 billion dollars in the next three years.
Key Indicators
1. R&D Investment of 45 Cr.
2. No. of Products Brand 100+
3. Geographical Presence of 96+ Countries.
4. No. of Employees 1080.
5. No. of Patents held = 8
SUBSIDIARIES OPERATIONS
A large portion of the Company’s future growth is expected to be driven by the Company’s International business. The Company already has a sales presence in more than 95+ countries through its distributors, commissioning agents, etc.
In the last 2-3 years, the Company has extensively invested in its key international markets like Europe, Brazil and some AsiaPacific markets with an objective to:
a) Come closer to some of its key markets and customer.
b) Provide better client service to its customers.
c) Engaging in Value Added Distribution (VAD) activities by replicating its successful domestic distribution model in these countries.
d) Expanding its registration portfolio which requires local presence in these markets.
| Name of the Subsidiary Company | Country of Incorporation | Principal Activities | Proportion of Equity Interest (%) |
| Indofil Industries (Netherlands) B.V. | The Netherlands | Marketing & Distribution of Agrochemicals |
100% |
| Indofil Bangladesh Industries Pvt. Ltd. | Bangladesh | Marketing & Distribution of Agrochemicals |
100% |
| Indofil Costa Rica S.A. | Costa Rica | Marketing & Distribution of Agrochemicals |
100% |
| Indofil Industries DO Brasil Ltda | Brazil | Marketing & Distribution of Agrochemicals |
100% |
| Indofil Philippines, Inc | Philippines | Marketing & Distribution of Agrochemicals |
100% |
| Indofil Industries (International) B.V | The Netherlands | Holding Company | 100% |
| Good Investment (India) Ltd. 100% | India | Investment | 100% |
| Quick Investment (India) Ltd. India | India | Investment | 100% |
JOINT VENTURE OPERATIONS
The Company had entered into a Joint Venture with Shanghai Baijin Group, China for the manufacture of Carbon – Di –Sulphide (CS2) as part of its backward integration strategy for key raw materials. The Joint Venture has ensured uninterrupted supply of this important raw material to Company, thus eliminating the need for import of CS2 and saving on foreign exchange outflow.
MANUFACTURING PLANTS
1. THANE, MAHARASHTRA , 20,000(TPA)
2. DAHEJ UNIT 1, GUJARAT , 31,000 (TPA)
3. SYNTHESIS PLANT, DAHEJ UNIT 2, GUJARAT ,4,000(TPA)
New Capacities
1. EBDC PLANT, GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION (GIDC), DAHEJ, GUJARAT, 35,000(TPA).
2. INNOVATIVE SOLUTION PLANT, GIDC, DAHEJ, GUJARAT, 35,000(TPA)
The Company drives 50% of the revenue from the International market.
Indofil Industries Limited Unlisted Shares Details:
| Total Available Shares: | 500 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE071I01016 |
| Lot Size: | 25 Shares |
| Current Unlisted Share Price: | ₹ 800 Per Equity Share |
| Retail Discount: | Bulk Deal (1%) |
Promoters And Management:
Shareholding Pattern:
Financials of Indofil Industries Limited Unlisted Shares:
| YEAR | 2014-15 | 2015-16 | 2016-17 | 2017-18 |
|
EQUITY |
21.35 |
21.35 |
21.35 |
21.35 |
|
FACE VALUE |
10 |
10 |
10 |
10 |
|
BOOK VALUE (PER SHARE) |
511.16 |
442.77 |
751.81 |
775.24 |
| Particulars(lakh) | 2012 – 13 | 2013 – 14 | 2014 – 15 | 2015 – 16 | 2016 – 17 | 2017 – 18 |
| Total Income (Net of E. Duty) | 112977 | 136640 | 149906 | 164430 | 177400 | 197731 |
| E B I D T | 13258 | 23486 | 28114 | 28770 | 36237 | 35327 |
| Depreciation | 2338 | 5416 | 5626 | 3324 | 4692 | 5565 |
| Profit Before Tax | 6261 | 10228 | 15305* | 21156 | 28080 | 24227 |
| Profit After Tax | 6231 | 9095 | 14519 | 16329 | 21804 | 21392 |
| EPS per Share Basic | 44.02 | 44.75 | 69.68 | 76.48 | 102.12 | 100.19 |
| % Dividend on Equity Shares | 35% | 40% | 50% | 60% | 80% | 80% |
| Gross Fixed Assets | 72836 | 81758 | 58365 | 75637 | 86222 | 112556 |
| Net Fixed Assets | 65213 | 68795 | 45240 | 59220 | 65244 | 86226 |
Indofill looks very good in terms of result.is there any chance of listing. .?
No news with us as far as IPO is concerned.
Indofil Industries Ltd announced its Joint Venture with world’s leading polymer additives manufacturing company, Italy-based Reagens on February 13, 2019 titled Indo-Reagens Polymer Additives Pvt. Ltd. (IRPA). Reagens is a Polymer Additives company based in Bologna, Italy founded in 1950. It is a global-scale manufacturer of specialty chemicals for PVC and other thermoplastics. Indo-Reagens Polymer Additives Pvt. Ltd. Is all set to become a new force in the supply of additives to PVC and CPVC sectors in India
The JV will also be constructing a new a state-of-art technology plant in Gujarat Industrial Development Corporation’s Special Economic Zone in Dahej in 2019 to offer all green polymer additives to the Indian Polymer processing industry. Also, this collaboration will offer technical support and services from its regional application laboratory centres based at Thane and Delhi, supplemented by support from existing Reagens’ facilities.
Mr K K Modi, Chairman & Managing Director – Indofil Industries Ltd and Chairman – Modi Enterprises said, “We are very excited about this partnership with Reagens. Both companies have complementary strengths which can be leveraged to bring sustainable solutions and products used in PVC and CPVC polymers. We hope to combine our expertise and talent and take the JV to its best potential”.
Dr Ettore Nanni, Chairman of Reagens added, “Indofil and Reagens will bring together unique assets, deep technical expertise, as well as ability to identify, scale and customize solutions. We will work together to bring cost-effective and sustainable solutions in the heat stabilizers market.”
Indo-Reagens Polymer Additives Pvt Ltd will offer a complete product range including heat stabilizers, acrylic based impact modifiers and processing aids, lubricants, functional fillers, and various specialty additives.
https://unlistedzone.com/indofil-acquires-majority-stake-in-italys-agrowin-biosciences-07-04-2019/
(1) Recognised among India’s Top 10 Best Workplaces in Manufacturing: 2018, as per a study conducted by The Economic Times in partnership with the Great Place to Work® Institute, India.
(2) Won a Silver award in the Coaching and Mentoring Category at the TISS-LeapVault CLO Awards held during the 5th edition of Chief Learning Officers Summit in Mumbai.
(3) Dahej facility awarded the CII-ITC Sustainability Award, 2017, by The Confederation of Indian Industry (CII).
(4) Thane plant awarded Maharashtra Safety Awards for its meritorious performance in industrial safety in the chemicals and fertilisers industry in September 2017 by National Safety Council – Maharashtra Chapter.
(5) Dahej Unit 1 awarded for implementation of 6-S across the site by TUV SUD South Asia Pvt. Ltd.
(6) Dahej Unit 1 received a Certificate of Appreciation from Federation of Indian Chambers of Commerce & Industry (FICCI) for Good Practices in Quality Systems.
(7) Indofil was one among the Promising Brand category, yet again, for the year 2018 in the Brand Book collated by The Economic Times.
(8) Dahej Unit 1 awarded the Platinum category in the Apex India Excellence Award, 2017, by the Apex India Foundation.
(9) Thane plant awarded the Platinum category in the Apex India Environment Excellence Award, 2017, for the chemical secto