Advanta India Limited

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BSE Code: 532840       NSE Code: ADVANTA

Business Profile
Business Profile
Advanta India (ADVANTA) formerly known as ITC Zeneca, was incorporated in 1994 as a public company. The company is one of the leading international companies in the business of manufacturing agronomic seeds. Operating mainly in India, Australia, Thailand and Argentina, ADVANTA is a global leader in technical plant breeding and in the application of biotechnology to develop new hybrids and varieties of crops and vegetable seed products including, sorghum, canola, sunflower, corn, hybrid rice and hybrid mustard. It is a wholly-owned subsidiary of United Phosphorus, an Indian company in the agrochemical business. The company is based in Secunderabad, India.

The company?s operating subsidiaries are Pacific Seeds operating in Australia, Pacific Seeds (Thai) in Thailand and Advanta Semillas SAIC in Argentina. The international division of Pacific Seeds Australia also has an export business.

In India, ADVANTA manufactures special products such as, sunflower with high oleic content/confectionary types, baby corn (PAC 793), sweet corn, canola (Hyola 401), sweet sorghum (sugar graze) and bajra (PAC 892). The portfolio of Pacific Seeds Australia includes, grains sorghum (MR Buster, MR-43), forage sorghum (Jumbo, Sugar graze), maize (Hycorn 424, Hycorn 675IT), sunflower (Hysun 33, Hyoleic 41), canola (Thunder TT, Hyola 75) and oats (Drover, Taipan). Pacific Seeds Thailand`s main products include sweet corn (Hibrix3), baby corn (PAC 283), grain sorghum (PAC 99), sunflower (PAC 33) and forage Sorghum (Jumbo, Sweet Jumbo). While, Advanta Argentina is in to producing high-quality sunflower products under the VDH, Aguar and Olisun brands.

Another of ADVANTA`s initiative is, an internet portal aimed at empowering Indian farmers and to all those who are interested in Indian agriculture, with easy and free access to information and knowledge on latest agricultural technology.

ADVANTA entered the capital market with an initial public issue of 3,380,000 equity shares of Rs 10. The price band was fixed between Rs 600 and 650 per share. The issue opened on Mar. 26, 2007 and closed on Mar. 30, 2007. The object of this issue is to invest in the subsidiary, Advanta Holding BV.

ADVANTA registered a profit at Rs -54.30 million for the quarter ended September 2007.

It recorded net sales of Rs 64.50 million for the quarter ended September 2007.

The total income registered was Rs 131.90 million for the quarter ended September 2007.

The earnings per share (EPS) of the company stood at Rs 3.26 for the quarter ended September 2007.

Recent Developments
The company through its subsidiary has acquired the sunflower seed business of Limagrain in the USA. This contains mainly the sunflower breeding program, based in Fargo, USA

Advanta India acquired Unicorn Seeds by acquiring 100% shares in the company for a consideration that includes deferred payment based on achievement of performance related milestones. Unicorn has a strong presence in the domestic and export markets of vegetable seeds. Unicorn also undertakes the custom production of vegetable seeds for the customers all around the globe. The revenue size of the business of Unicorn for the last financial year was about Rs 250 million.

Future Plans
The company plans to invest Rs 2,500 million in its subsidiary, Advanta Holdings. The proceedings from the issue shall be utilized by Advanta Holdings BV for the payment of dues of promoter group companies and Bio-Win Corporation in respect of the acquisition of Advanta Netherlands holdings BV.

Other Information
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