JAYANT AGRO ORGANICS LIMITED

Registered Office :
AddressAkhandanand, 38, Marol Co-op. Industrial Estate, Off. M V Road, Saki Naka, Andheri (East) Mumbai 400059, Maharashtra, India
Tel. No.91-22-66970470 / 56970470/ 40271300
Mobile No.91-9821030185 / 9821097989
Fax No.91-22-66970474 / 56970474/ 40271399
Area8000 sq. ft.
LocationsOwned
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SUMMARY
Incorporated 1992/05/07
Registration No. 11-66691
No. of Employees 210
Line of Business Manufacturer and Exporter of Castor Oil and Castor Derivatives.
Status Company is a well-established and reputed concern having satisfactory track records. Directors are reported as experienced and respectable businessmen. Trade relations are reported as fair. Business is active
Payments Regular
Litigation Clear
Banking Reputation Satisfactory
Auditors
Name :Ostwal Desai and Kothari, Chartered Accountants

FACTORY WAREHOUSE
Factory 1Plot No. 602, 625, 627, Behind G.A.C.L., Post Petrochemicals, Dist. Vadodara 391346, Gujarat, India
Tel. No.91-265-2230350/ 2232112
Fax No.91-265-2230958/ 2230956
LocationOwned
Factory 2Plot No. 624, 627 Behind G.A.C.L., P.O. Petrofils, Dist. BARODA - 391347 India
Tel. No.91-265-2230350
Fax No.91-265-2230958



LEGAL FORM
A Public Limited Liability Company. Companys Shares are Listed on Stock Exchange.

DIRECTORS

DIRECTORS
Name :Mr. Vithaldas G. Udeshi
Designation :Chairman
Date of Birth/Age :1931/04/20
Qualification :B.Sc. from St. Xavier College, Bombay University
Specialised Expertise :Experience over five decades in manufacture and export of Castor Oil and Castor Oil Derivatives
Date of Appointment :1992/05/07
Directorship in other companys incorporated in India.Ihsedu Agrochem Private Limited Jayant Finvest Limited Gokulmani Real Estate Development Private Limited
Name :Mr. Hemant V. Udeshi
Designation :Managing Director
Date of Birth/Age :1957/09/20
Qualification :B.Sc. (Chemistry/ Physics) from Bombay University. B,S. (Industrial Engg.) MBA from University of Houston.
Specialised Expertise :General Management in the field of manufacturing, marketing, sales personnel management, Central Excise Procedures, Pollution related rules and regulations, since inception of the Company.
Date of Appointment :1992/06/09 as Director; 1993/07/01 as Managing Director
Name :Mr. Gordhandas H. Mulani
Designation :Executive Directors
Date of Birth/Age :1939/01/24
Qualification :Diploma Holder in Oils, Soaps, and Paints Technology from the Gujarat Technical Education Board, Gujarat State
Specialised Expertise :Qualified Oil Technologist and has over 35 years of industrial experience in Project Planning and execution.
Date of Appointment :1994/09/07
Name :Mr. Sudhir V. Udeshi
Designation :Executive Directors
Specialised Expertise :Specialised in Plant Engineering related to Oil and Oleo Chemical Manufacturing
Qualification :B. Tech (Chemical Engineer) I. I. T.,Kanpur, M.S., M. Phil(USA ) in Chemical Engineer
Date of Appointment :2002/06/01
Directorship in other companies incorporated in India.Varun Leasing and Fin. Private Limited Enlite Chemical Industrial Limited Gokulmani Real Estate Development Private Limited
Name :Mr. Abhay V. Udeshi
Designation :Executive Directors
Specialised Expertise :Marketing and Sales of Castor Oil and its Derivatives
Qualification :B.E. (Chemical Engineering) with 1 St Class Distinction From M. S. University, Baroda.
Date of Appointment :2002/06/01
Directorship in other companies incorporated in India.Varun Leasing and Fin. Private Limited Enlite Chemical Industrial Limited
Name :Dr. Subhash V. Udeshi
Designation :Executive Directors
Specialised Expertise :Research and Development of new products and process for Castor based, Oleochemicals
Qualification :B. Tech (Chemical Engineering), I. I.T ..Mumbai, Ph.D. (Chem. Engg. )Rugters University, New Jersey, USA.
Date of Appointment :2002/06/01
Directorship in other companies incorporated in India.Enlite Chemical Industrial Limited Innovative Micro System Private Limited
Name :Mr. Jayasinh V. Mariwala
Designation :Executive Directors
Name :Mr. Vijay Kumar Bhandari
Designation :Director
Date of Birth/Age :1943/10/14
Qualification :B.Com.(Hons.) C.A. (FCA)
Specialised Expertise :Vast experience in banking Industry in various capacities including as Regional Manager/AGM/ DGM/Zonal Manager at various offices of Central Bank of India in the country for the last 35 years. Last position held as Genera! Manager incharge of Credit, International Banking, Treasury, Merchant Banking Divisions. Retired as General Manager on 31st October, 2003.
Date of Appointment :2005/10/27
Directorship in other companys incorporated in India.Hindustan Sanitaryware and Industries Limited, KolkataGNA Enterprises Limited
Name :Mr. Mukesh C. Khagram
Designation :Director
Date of Birth/Age :1959/11/24
Qualification :B. Chem Engg. from Dept. of Chemical Technology, (University of Bombay) M. S. Chem. Engg. (from State University of New York at Buffalo) Masters in Financial Management (from the Jamnalal Bajaj Institute of Management Studies, University of Bombay.
Specialised Expertise :Pioneer in the field of Filtration/ Seperation, Pollution Control and Mass Transfer Equipments in India - 2 decades experience.
Date of Appointment :2005/10/27
Name :Mr. Deepak V. Bhimani
Designation :Director
Date of Birth/Age :1939/08/31
Qualification :Graduation and Post Graduation from Lowell Technological Institute, Lowell, Massachusetts in USA, In the field of Textile Chemistry.
Date of Appointment :2005/10/27

KEY EXECUTIVES
Name :Mr. Vikram V. Udeshi
Designation :Chief Financial Officer
Name :Mr. G. K. Shastri
Designation :Company Secretary
Name :Mr. Dinesh M. Kapasia
Designation :Company Secretary



MAJOR SHAREHOLDERS

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN (As on 31.03.2008)
Names of ShareholdersNo. of SharesPercentage of Holding
Promoters / Associates / Directors751890854.13
Private Corporate Bodies11597798.35
OCB6000004.32
NRI409060.29
Mutual Funds76000.06
Indian Public456280732.85
Total6000000100.00



PRODUCTS DETAILS

Products:
Item Code No. (ITC Code)Production Description
151620.03Hydrogenated Castor OH
151530.00Castor Refined OH
151911.0012 Hydroxy Stearic Acid/Fatty Acid


EXPORT DETAILS

Exports to :
Products :Castor Oil, Castor Derivatives



PRODUCTION DETAILS

PRODUCTION STATUS
ParticularsUnitLicensed CapacityInstalled CapacityActual Production
Castor oil & its derivatives Including refined Castor oil, Oxidized, Dehydrated,Blown, Polymerised etc.M.T.50400.00043000.000
Hydrogenated Castor OilM.T.15600.00018720.000
Fatty Acid and its Salt, Easters, AmidesPolyamides, Polyols and its allied productsM.T.38340.00027000.000
Castor OilsM.T.
DerivativesM.T.
By ProductsM.T.
OthersM.T.



TRADING TERMS

Terms :
Selling :L/C Advance Payment
Purchasing :Cash


TYPE OF CUSTOMERS

Customers :
End Users




BANKERS

Bankers :
Central Bank of IndiaFort Branch
State Bank of IndiaOverseas Branch
ICICI Bank
State Bank of Indore
Kotak Mahindra BankCST Road Branch
Oriental Bank of CommerceOverseas Branch

AUDITORS
Name :Ostwal Desai and Kothari, Chartered Accountants

FINANCIAL INFORMATION

[all figures are in Rupees Millions]

PROFIT & LOSS ACCOUNT
Particulars2008/03/312007/03/312006/03/31
Sales Turnover5941.0914504.92713232.513
Other Income131.34945.13440.144
Total Income6072.4404550.06113272.657
Profit/(Loss) Before Tax96.87580.63683.821
Provision for Taxation35.48427.79417.404
Profit/(Loss) After Tax61.39152.84266.417
Earnings in Foreign Currency :
Export Earnings5170.2213870.8559388.100
Total Earnings5170.2213870.8559388.100
Imports :
Chemicals13.14921.23822.405
Capital Goods0.0000.7080.483
Diamonds0.0000.0005069.950
Total Imports13.14921.9465092.838
Expenditures :
Consumption of Raw Materials4570.9113371.7212750.575
Increase/ (Decrease) in Stock(226.161)(110.240)(80.288)
Purchases of Finished Goods940.469634.9589919.754
Personnel Costs45.52133.22129.298
Manufacturing and other Expenses518.248446.684354.106
Interest - Term Loan6.8886.1120.543
Interest -Others98.18168.63641.269
Depreciation21.50818.33313.003
Total Expenditure5975.5654469.42513188.836

QUARTERLY RESULTS
PARTICULARS2008/06/302008/09/302008/12/31
Type1st Quarter2nd Quarter3rd Quarter
Sales Turnover2516.0002602.4002009.400
Other Income30.80054.80037.600
Total Income2546.8002657.2002047.000
Total Expenditure2468.0002586.6001982.300
Operating Profit78.80070.60064.700
Interest40.70033.60033.800
Gross Profit38.10037.00030.900
Depreciation5.6005.6005.600
Tax11.50014.40013.200
Reported PAT21.90017.00012.100




CAPITAL STRUCTURE

Capital Structure

Authorised Capital :
No. of SharesTypeValueAmount
29000000Equity SharesRs.5/- eachRs.145.000 Millions
60000007% Redeemable Preference SharesRs.5/- eachRs.30.000 Millions
TotalRs.175.000 Millions

Issued, Subscribed & Paid-up Capital :
No. of SharesTypeValueAmount
13890000Equity SharesRs.5/- eachRs.69.450 Millions
60000007% Redeemable Preference SharesRs.5/- eachRs.30.000 Millions
Share Warrant MoneyRs.25.065 Millions
TotalRs.124.515 Millions

Of the Above:1. 6000000, 7% Redeemable Preference Shares of Rs.5/- each were allotted in 2003-2004 as fully paid up bonus shares by way of capitalization of General Reserve. These shares are redeemable at par on or before 8th April 2008.2. 6000000 Equity Shares of Rs.5/- each fully paid up have been issued as bonus shares by capitalization of General Reserve. 3.The company has allotted on preferential basis 2400000 warrants during the previous year against which it had received 10% of the price, Rs.6.50 per warrant. Each warrant holder is entitled to, on payment of balance of Rs.58.50 per warrant, I equity share of Rs.5/ each on or before 13th July 2008. Out of the aforesaid warrants. 690000 Equity Shares of Rs.5/- each per share fully paid up were issued to warrant holders on receipt of balance payment.4. The company has allotted on Preferential basis 1700000 warrants during the year against which it had received 10% of the price, Rs.10.50 per warrant. Each warrant holder is entitled to, on payment of balance of Rs.94.50 per warrant, 1 Equity Shares of Rs.5/- each on or before 2nd August 2009.5. During the year, the company has allotted 600000 Equity Shares of Rs.5/- each fully paid up, at a premium of Rs.100/- per share on a preferential basis.




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