|PHYTO CHEM (INDIA) LIMITED was incorporated on 11th January, 1989 as a Private Limited Company by name Phyto Chem (India) Private Limited in the State of Andhra Pradesh vide Certificate of Incorporation no0l-9500 dated 11/1/1989 issued by the Registrar of Companies, Andhra Pradesh. The Company has since been converted into a Public Limited Company vide fresh Certificate of Registration dated 22nd May, 1992 issued by the Registrar of Companies, Andhra Pradesh. The Company has it's main objective, manufacture of Pesticides, Insecticides and related products. The Company is selling up the project in two phases. In the first phase, the company has already set up facilities for manufacture of Pesticides such as Monocrotophos, Endosulphan, Fenvalerate, Cypermethrin, Quinalphos etc. Facilities for manufacture of Technicals such as Fenvalerate and Cypermethryn are at an advanced stage of implementation. The total cost of the first phase, estimated at Rs.154.28 lacs is financed by Promoters's Equity of Rs.96.93 Lacs and Term Loan of Rs.57.35 Lacs from The Federal Bank Limited. The Project for formulations was commissioned and the unit went into commercial production during the end of November, 1993 and the technical plant is nearing completion and is expected to start commercial production in December, 1994.
In the Second Phase, the expansion cum backward integration programme now envisaged, the Company proposes to manufacture of basic raw materials like Fenvalerate Acid Chloride and Cypermethrin Acid Chloride which are essential in the manufacture of Fenvalerate and Cypermethrin Technicals. The Company proposes to manufacture Chloropyriphos Technicals and Chloropyriphos Formulations by selling up facilities for
manufacture of Fenvalerate Technical, Cypermethrin Technical and also Pesticide Formulations such as Chlorpyriphos.
During the period from November 1993 to March 1994, Company had a Sales turnover of Rs.9.88 Lacs. The Net Profit, as per audited Results for the 6 Months period ended March, 1994 is Rs.0.29 Lacs.
-Delist equity shares from Madras Stock Exchange Ltd (MSE) w.e.f March 07, 2005.