Chromatic India Limited
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BSE Code:
530191
NSE Code:
CHROMATIC
Business Profile
Business Profile
Chromatic India (CHROMATI) was established in 1987 as a sister organization of Blue Rock Dyes and Chemicals at Chiplun, an industrial township located between Mumbai and Goa. The company was formerly known as Chromatic Dyestuff. It operates in the business of manufacturing and trading of S.O. dyes and chemicals. Chromatic India has two factories that have an annual capacity of 1,500 tons of finished goods. They are equipped with the latest model production facilities and equipment like RO filtration system, spray dryers, latest blending facilities, and automatic packing systems. Products include eco-friendly reactive dyes on cotton, viscose, polynosic and other cellulosic fabrics. The factories are located at MIDC, Dombivali (E), district Thane, Maharashtra and Lote Parshuram Industrial Area, taluka Khed, district Ratnagiri, Maharashtra. CHROMATI has two subsidiaries called Arcoiris SA and Blue Rock Dyes & Chemicals. It exports products to countries like Switzerland, Israel, Italy, ..etc. The registered office of the company is situated at Mumbai, India.
Financials
Chromatic India registered a steep drop of 78.21% in net profits of Rs 0.68 million for the quarter ended in September 2007 from a profit of Rs 3.12 million for the quarter ended in September 2006.
Net Sales declined 1.56% to Rs 34.68 million for the quarter ended September 2007 from Rs 35.23 million for the quarter ended September 2006.
The earnings per share (EPS) of the company stood at Rs 0.25 in the quarter ended September 2007.
Recent Developments
22-NOV-07
Chromatic India decided to make a final call on the allotment money remaining un-paid on the equity shares. It has been further decided that company shall waive the interest if the amount is received by the company on or before Mar. 31, 2008. In case payment is not received on or before are Mar. 31, 2008, the shares are liable to be forfeited.
30-AUG-07
Chromatic India has recommended dividend at 10% i.e. Rs 1 a share. The partly paid-up shares will be eligible proportionate dividend.