BASF INDIA Share price

BASF India Limited was incorporated in Bombay on 13th May1943 under the Indian Companies Act of 1913. The Companywas originally incorporated under the name "R.A. ColePrivate Limited" as a Private Limited company. The namewas changed to Indoplast Limited on January 9 1963 andthereafter to BASF India Limited on September 23 1967.BASF India Limited (hereafter referred to as "the Company")is a Public Limited Company with 50% of its shareholdingheld by its collaborator. BASF Aktiengesellschaft (BASFAG) Germany. The Sales of the BASF Group worldwide is over43 billion DM with business operations in 180 countries. In the early 1950s the Company produced Thermocole fromimported Styropor. The Company commenced manufacture ofStyropor in 1963. In 1966 the Company entered intotechnical know-how agreements with BASF AG for themanufacture of Styropor and synthetic tanning agents. TheCompany has maintained continuous interaction with BASF AGand has been receiving on an ongoing basis technicalinformation guidance and support from BASF AG.The Company is registered with the Registrar of CompaniesMaharashtra having their office at C/o Fancy CorporationLtd. Hakoba Compound 2nd floor Dattaram Lad MargKalachowkie Bombay 400 033.Present manufacturing facilities include two factories -one at Turbhe (Maharashtra) and the other at Bokaro SteelCity (Bihar). A site has been acquired in MangaloreKarnataka for setting up a third factory the constructionwork of which is in progress. C) PRESENT ACTIVITIES AND BUSINESS OPERATIONS OF THECOMPANYThe Company is presently engaged in the business ofmanufacturing and marketing of Expandable PolystyreneTanning Agents Leather Chemicals and AuxiliariesPesticides Oil & Well Chemicals. It also deals inchemicals including marketing of dyestuffs and relatedtextile auxiliaries and rendering of technical services tovarious industries.The Company has the following divisions namely LeatherChemicals Agrochemicals Colours & Dispersions Plastics &Fibre Intermediates and Chemicals.Leather Chemicals The Leather Chemicals division manufactures and markets theentire range of high value leather chemicals required formaking good quality leathers-synthetic tanning agentsauxiliaries fat liquors binders lacquers and lacqueremulsions pigments and dyes.AgrochemicalsThe products manufactured and marketed comprise of a rangeof pesticides including insecticides fungicidesherbicides and plant growth regulators.Colours & DispersionsThe products manufactured and marketed include specialitychemicals textile auxiliaries sizing agents metal complexdyes dispersions microcapsules biocides and oil & wellchemicals.Plastics & Fibre IntermediatesStyropor (Expandable Polystyrene) manufactured by theCompany is the raw material for Expanded Polystyreneproducts. In addition to styropor made locally productsfrom BASF AG''s wide range of Plastics and Intermediates areimported from Group Companies for the Indian industry.Styropor is supplied to over 100 processors located allover the country who manufacture and market ExpandedPolystyrene. These processors interalia cater to therequirement of : - Consumer durable manufacturers and electronic industryfor their packaging- Cold Storage for food preservation exported marineproducts and fruits- Industrial refrigeration for low temperature process andstorage in fertilizers petrochemicals pharmaceuticals andother chemical factories.ChemicalsThe Chemical division is engaged in the business of dealingin chemicals indenting on behalf of the Indian industryinvolving import of a wide range of products from BASFGroup Companies and other sources and rendering technicalservices to various industries. It also assists in sourcingraw material requirement of BASF AG and Group Companiesfrom India.