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August 01, 2015 7:21 PM ET

Chemicals

Company Overview of Zuari Agro Chemicals Limited

Company Overview

Zuari Agro Chemicals Limited manufactures and sells chemical fertilizers in India. The company produces complex fertilizers of various grades along with seeds, pesticides, micro nutrients, compost, organic manure, and specialty fertilizers. It is also involved in trading fertilizers, water soluble fertilizers, pesticides, and seeds. Zuari Agro Chemicals Limited markets its products under the Jai Kisaan brand to farmers through dealers. The company was formerly known as Zuari Holdings Limited and changed its name to Zuari Agro Chemicals Limited in September 2012. Zuari Agro Chemicals Limited was incorporated in 2009 and is based in Gurgaon, India.

Global Business Park, Tower A

5th Floor

M.G. Road

Sector 26

Gurgaon,  122002

India

Founded in 2009

Phone:

91 12 4482 7800

Fax:

91 12 4421 2046

Key Executives for Zuari Agro Chemicals Limited

Non Executive Director
Age: 39
Total Annual Compensation: $4.2M
Director, Member of Stakeholders' Relationship Committee and Managing Director of Zuari Global Limited
Age: 50
Total Annual Compensation: $14.4M
Compensation as of Fiscal Year 2014.

Zuari Agro Chemicals Limited Key Developments

Zuari Agro Chemicals Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014 and Audited Consolidated Earnings Results for the Full Year Ended March 31, 2015

Zuari Agro Chemicals Limited announced audited standalone earnings results for the fourth quarter and full year ended March 31, 2014 and audited consolidated earnings results for the full year ended March 31, 2015. For the quarter, on standalone basis, the company announced net sales or income from operations, net of excise duty of INR 15,338.3 million compared to INR 14,874.3 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 637.6 million compared to INR 858.3 million a year ago. Profit from ordinary activities before tax was INR 179.9 million compared to INR 1,534.3 million a year ago. Net profit for the period was INR 111.6 million or INR 2.65 per basic and diluted share before extraordinary items compared to net loss of INR 1,471.9 million or INR 35.00 per basic and diluted share before extraordinary items a year ago. For the year, on standalone basis, the company announced net sales or income from operations, net of excise duty of INR 55,076.1 million compared to INR 51,759.0 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 2,218.6 million compared to INR 1,823.1 million a year ago. Profit from ordinary activities before tax was INR 207.2 million compared to INR 207.0 million a year ago. Net profit for the period was INR 123.6 million or INR 2.94 per basic and diluted share before extraordinary items compared to INR 261.4 million or INR 6.22 per basic and diluted share before extraordinary items a year ago. For the year, on consolidated basis the company announced net sales or income from operations, net of excise duty of INR 76,353.9 million compared to INR 73,407.5 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 3,221.0 million compared to INR 2,451.7 million a year ago. Profit from ordinary activities before tax was INR 230.7 million compared to loss from ordinary activities before tax of INR 660.0 million a year ago. Net profit for the period was INR 164.5 million or INR 2.12 per basic and diluted share before extraordinary items compared to net loss for the period of INR 565.6 million or INR 10.52 per basic and diluted share before extraordinary items a year ago.

Zuari Agro Chemicals Ltd Recommends Dividend

Zuari Agro Chemicals Ltd. announced that the Board of Directors of the company at its meeting held on May 15, 2015, recommended a dividend of 20%, that is INR 2/- per share. The same will be paid, if declared at the ensuing Annual General Meeting.

Zuari Agro Chemicals Seeks Financing

Zuari Agro Chemicals Limited (BSE:534742) is in the midst of raising up to $900 million to fund its ambitious plan to set up a fertilizer plant in the United Arab Emirates (UAE), two people familiar with the development said. "We are mulling over raising funds for the UAE plant. However, nothing has been finalized. We have started discussions with banks," said a senior Adventz Group Executive, requesting anonymity. The company has initiated talks with financial institutions, confirmed the second person quoted above. "The company plans to raise $600 million in debt, with the rest comprising equity investment from the group and from sovereign wealth funds based in the Gulf," said the second person. The debt component would be raised largely from financial institutions based in the UAE, he said, adding that the fund-raising should be concluded by the third quarter of the current financial year. He, too, declined to be named as he is not authorized to speak to the media.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 22, 2015
--
Merger/Acquisition
August 13, 2014
Nagarjuna Fertilizers and Chemicals Limited
 

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