1st December, 2008

BALAJI AMINES LIMITED

52 week high - 240

52 week low - 65

CMP - 74

Mkt Cap       50.42   
P/E               2.60  
Div              15.00  
EPS (TTM)   27.60
B/V:             87.34    
Mkt Lot         1.00    
FV               10.00

Balance Sheet   
Total Share Capital  6.48
Net Worth               56.60
Total Debt              83.41
Net Block               70.61
Investments             1.32
Net Current Assets  56.93
Total Assets          140.00

Income   (Sep '08)   (Mar '08)
                  Quarterly  Annual
Net Sales      71.58  217.82
Other Income     0.15  0.93
PBDIT            13.04  30.73
Net Profit          6.68  13.01

The Company:

BAL was promoted by the KPR Group in 1988  at Solapur, Maharashtra for the manufacture of speciality  Chemicals Products, viz. Methyl Amines and Ethyl Amines.  This venture marked their entry into a high technology area  and these products were being manufactured with indigenously developed technology for the first time in  India. The plant was successfully commissioned and the  Company has declared dividends from the first full year of  operations.

Products:

BAL has a capacity of 18, 000 tpa of methyl amines, 3, 000 tpa of Ethyl amines and 13, 000 tpa of intermediates and 5000 tpa of choline chloride (solutions & solid).

BAL has recently developed and launched two new products namely NMethyl-2– Pyrrolidone (3,000 tpa) & Morpholine (2,000 tpa). Both the products are import substitutes, which are being manufactured first time in India.

BAL addresses to the needs of API’s, Agrochemicals, Rubber chemicals, Water treatment chemicals, Oil refineries and other industries in the Domestic & Global markets. Exports constitute nearly 25% of sales. BAL has been consistently adding capacities and fine tuning process toprovide quality products at lowest cost to the customers.

Compelling reasons for investing:

Amine technology is a closely guarded process with only a few companies having access to such technology in the whole world. BAL for the first time in India tested on an indigenously developed technology and developed it further over a period of time.

BAL‘s products are accepted in international markets and have gained the distinct export quality status, which makes it one of the few companies in India having the potential to match the stringent international quality standards apart from continuous orders from global majors for its product range.

Captive power generation
BAL has established captive power plant of 2.5 MW from October 2008, which will save in cost of power & fuel by around Rs 3 crore per annum.

Finanacials: