IFB Agro Industries Ltd
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BSE Code:
507438
NSE Code:
IFBAGRO
Business Profile
Business Profile
IFB Agro Industries (IFBAGRQ) has business interests in Indian made foreign liquor (IMFL), industrial alcohol and marine products. It was incorporated as a private limited company on Feb. 19, 1982 and became a public limited company with the present name on Apr. 03, 1986.
The company operates through its alcohol and marine divisions. Besides rectified spirit, the alcohol division has its strategic business unit of IMFL, which has operations existing in West Bengal, Orissa and The North East with a portfolio of nine brands. It has its manufacturing and bottling plants located in West Bengal. The Noorpur distillery has an installed capacity of 50,000 liters per day based on molasses and started commercial production of grain spirit in September 2007. The company facilities have been approved by Mohan Meakins for their Old Monk and Solan No. 1 brands.
The marine division caters to both the domestic and export markets. It supplies marine products like shrimps, ready-to-fry products including Prawn Pops, and has feed trading activities. The processing unit is located in Kolkata, West Bengal with an installed capacity of 2,520 MT of marine products. In FY07, the company increased its export sales by 35% and the domestic business by 42%. The company meets the HACCP and USFDA norms and exports to Japan, Europe, USA, Australia, UAE, and Thailand among other countries.
The registered office of the company is located at Plot No.IND-5, Sector-1, East Calcutta Township, Kolkata-700107, West Bengal.
Financials
IFB Agro Industries registered a profit of Rs 35.62 million for the quarter ended September 2007.
It recorded a net sales of Rs 581.77 million for the quarter. Total income was Rs 588.84 million for the quarter ended September 2007.
Recent Developments
07-SEP-07
The company started the commercial production of grain spirit at its plant in Noorpur, South 24-Parganas, West Bengal with effect from Sept. 07, 2007.