PHYTO CHEM (INDIA) Share price

PHYTO CHEM (INDIA) LIMITED was incorporated on 11th January1989 as a Private Limited Company by name Phyto Chem (India)Private Limited in the State of Andhra Pradesh vide Certificateof Incorporation no0l-9500 dated 11/1/1989 issued by theRegistrar of Companies Andhra Pradesh. The Company has sincebeen converted into a Public Limited Company vide freshCertificate of Registration dated 22nd May 1992 issued by theRegistrar of Companies Andhra Pradesh. The Company has it''smain objective manufacture of Pesticides Insecticides andrelated products. The Company is selling up the project in twophases. In the first phase the company has already set upfacilities for manufacture of Pesticides such as MonocrotophosEndosulphan Fenvalerate Cypermethrin Quinalphos etc.Facilities for manufacture of Technicals such as Fenvalerate andCypermethryn are at an advanced stage of implementation. Thetotal cost of the first phase estimated at Rs.154.28 lacs isfinanced by Promoters''s Equity of Rs.96.93 Lacs and Term Loan ofRs.57.35 Lacs from The Federal Bank Limited. The Project forformulations was commissioned and the unit went into commercialproduction during the end of November 1993 and the technicalplant is nearing completion and is expected to start commercialproduction in December 1994.In the Second Phase the expansion cum backward integrationprogramme now envisaged the Company proposes to manufacture ofbasic raw materials like Fenvalerate Acid Chloride andCypermethrin Acid Chloride which are essential in themanufacture of Fenvalerate and Cypermethrin Technicals. TheCompany proposes to manufacture Chloropyriphos Technicals andChloropyriphos Formulations by selling up facilities formanufacture of Fenvalerate Technical Cypermethrin Technical andalso Pesticide Formulations such as Chlorpyriphos.During the period from November 1993 to March 1994 Company hada Sales turnover of Rs.9.88 Lacs. The Net Profit as per auditedResults for the 6 Months period ended March 1994 is Rs.0.29Lacs.