Neemtek Organic Products Limited
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BSE Code:
502893
NSE Code:
UNITEDINT
Business Profile
Business Profile
Neemtek Organic Products (NEEMTEK) was incorporated on Sep. 22, 1983 and got its present name on Oct. 21, 2003. It is engaged in the business of neem-based and other organic products. NEEMTEK was formerly known as Ishwar Textiles.
Neemtek Organic Products processes neem oil, neem cake powder and pellets, has a separate manure segment and other organic products. It has a neem extraction plant in the Vellore district of Tamil Nadu and in FY07, successfully stabilized the process parameters and commenced marketing activity for neem extract. The operations in the manure segment are growing and business has picked up.
The registered office of NEEMTEK is located at Mumbai, India.
Financials
Neemtek Organic Products announced that net profit for the year ended in March 2008 is recorded at Rs 0.18 million.
Net Sales steeped up to 29.90% to Rs 13.25 million for the year ended March 2008 from Rs 10.20 million for the year ended March 2007.
Total Income decreased by 29.90% to Rs 13.25 million for the year ended March 2008 from Rs 10.20 million for the year ended March 2007.
The earnings per share (EPS) of the company stood at Rs 0.01 in the year ended December 2007.
Recent Developments
21-AUG-07
On Aug. 21, 2007, the board of directors of the company decided to change the registered office of the company from Unit 307, Solaris Premises II, Saki Vihar Road, Opp L&T Gate No 6, Powai, Andheri (East), Mumbai to 304, Maker Chambers V, Nariman Point, Mumbai.