Akzo Nobel India Ltd

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BSE Code: 500710       NSE Code: AKZOINDIA

Business Profile
Business Profile
Gurgaon based ICI India (ICI) was founded in 1911. ICI manufactures and markets decorative and refinish paints, specialty chemicals, adhesives, starch and rubber chemicals. Quest International India which is a JV between ICI India, Quest International BV and Hindustan Lever manufactures and markets fragrances and flavors. ICI Plc. holds 51% stake in the company as on Dec. 31, 2006.

Acquired by ICI in 1997, National Starch and Chemical Company is a global leader in the development and production of adhesives, specialty synthetic polymers, electronic materials and specialty food and industrial starches.

The company through years of divestments has already sold its nitrocellulose and international trading businesses to private equity player CDC and the pharma business to Nicholas Piramal India. It has also sold its majority stake in its explosives business to Indian Explosives.

Financials
I C I India registered a 3.50% growth in net profits to Rs 212.90 million for the quarter ended September 2007 from a profit of Rs 205.70 million for the quarter ended September 2006Net Sales declined 1.92% to Rs 2390.90 million for the quarter ended September 2007 from Rs 2,437.60 million for the quarter ended September 2006.Total income dipped 0.86% to Rs 2,455.6 million, from Rs 2476.9 million for the quarter ended September 2006.The earnings per share (EPS) of the company stood at Rs 5.23 in the quarter ended September 2007 .

Recent Developments
16-AUG-07
The shareholders authorized the delisting of equity shares of the company from Calcutta Stock Exchange.

16-MAR-07
The company has completed the divestment of its Advanced Refinish (2K) Business and has received a consideration of Rs 450 million. In February 2007 the company has signed a definitive agreement with PPG Industries USA to divest a portion of its Auto Refinish Paints Business comprising Advanced Refinish (2K), for a consideration of about Rs 520 million.

02-MAR-07
The company sold its 100% equity share holding in Quest International India to Givaudari (India) Pvt and received Rs 3.20 billion. The Company has also received an interim dividend of about Rs 310 million prior to the said sale of shares.

05-JAN-07
The company has transferred its Uniqema business to Croda Chemicals India Pvt.

Other Information
Annual Reports for Akzo Nobel India Ltd
Annual Report YearDownload Annual ReportDownload Report Preview
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04
2002-03
2001-02
2000-01
1999-00
1998-99
1997-98
1996-97

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