Hindustan Organic Chemicals  Ltd. ( HOCL)

 

1.

Name of the company

Hindustan Organic Chemicals Limited(HOCL)

2.

Date of incorporation

12th December, 1960

3.

Registered office

PO Rasayani, Distt. Raigad,  Maharashtra–410 207

4.

Corporate office

81, Maharishi Karve Marg Harchandrai House, Mumbai–400 002

5.

Telephone, Fax

022-22062149,   022-22059533

6.

E-Mail / Website

hoclras@bom3.vsnl.net.in / www.hoclindia.com

Production Units

Unit with Location

Year of Commission

Products

Installed capacity

Rasayani Unit

District Raigad
Maharashtra
Pin - 410207

1971

Nitro products, Aniline, Acids, Formaldehyde, Caustic Soda etc.

239110 TPA

Cochin Unit

Ambalamugal District Ernakulam Pin - 682302

1988

Phenol, Acetone, Propylene, H202

152865 TPA

.

.

.

Total : 391975 TPA

Equity pattern (as on 31.03.2007)
(a) Authorised Share Capital  Rs.3,200 million
(32,00,00,000 equity share of Rs.10 each)
(b) Paid up Share Capital      Rs. 672.6 million

Shareholding pattern
(i) Upto March, 1992
100% Government Shareholding
(ii) April, 1992 to October, 1994
80% Government Shareholding (20% shares disinvested by the Government in favour of 8 Mutual funds /UTI/Banks)- amount realised by Government on disinvestment works out to Rs. 561.8 million (face value Rs.98.7 million)

(iii) From November, 1994 till date
58.61% Government Shareholding

Consequent on public issue of equity shares to the extent of Rs.963.5 million including premium (face value of Rs.180 million) raising the paid up capital of the company from Rs.493.5 million to Rs.673.6 million and thereby reducing Government of India holding from 80% to 58.61%. During AGM for the year 2005-06 the authorized share capital of the company was increased to Rs. 3200 million to accommodate the preference shares of Rs. 2500 million to be issued to Govt. of India.

Details of equity shareholding as on 31.03.2004

  .

No of
holders

No.of Shares

% of equity

(i) President of India Nominee

  1

39481500

58.61

(ii) Bodies Corporate

1136

  5202082

  7.81

(iii) Banks

  4

   589854

 0.88

(iv) Mutual Funds

15

     11300

  0.02

(v) Foreign Institutional Investors (FIIs)

  4

        1900

  ---

(vi) Indian Financial Institutions

  4

 1542000

 2.28

(vii) NRIs

3597

 1056354

  1.57

(viii) Employees (HOCL/HFL)

1291

   250800

  0.31

(ix) Individual Shareholder

50939

19170310

 28.47

(x)  NSDL in transit

Total

 ---

 

56993

   ----

 

67366100

  ----

 

100.00

Fixed Assets (As on 31.03.2007)

(a) Gross Block Rs. 6655.14 million
(b) Net Block    Rs. 2384.08 million

Composition of Board of Directors (As on 31.3.2007)

As per Articles of Association of the Company, the minimum of three and maximum of 15 Directors can be appointed on the Board of the company. The present composition of the Board of Directors of the company is as under : (I) Full time Directors -  Two (2) - (i)  CMD (ii)  Director (Finance) (II) Government nominee - (i) Joint Secretary (Shri K. C. Misra) (ii) Addl. Secretary & Financial Adviser (Dr. J.S. Maini) (III) Non-official Directors - 0

Performance during the last ten years :

Year

Production
(MT)

Turnover
(Rs. in million)

Net Profit/Loss(-)
(Rs. in million)

1997-98

353325

 4043.4

(-)50.9

1998-99

340713

 3499.6

(-)230.7

1999-2000

323202

 4211.8

(-)1050.2

2000-01

161462

 4081.1

(-)390.5

2001-02

200810

3010.3

(-)626.8

2002-03 278399 4672.1 (-)431.2
2003-04 320956 4147.6 (-)1646.1

2004-05

342670

6475.5

(-)64.0

2005-06 239202 3860.4 (-)566.1
2006-07(prov.) 143515 5060.2 (-)8.6

Number of employees (as on 31.03.2004) – Rasayani & Cochin Units

Groups

Rasayani

Cochin

A

 295

133

B

 296

 42

C

 392

210

D

   4

  48

Total

987

433

GRAND TOTAL:   1420

 

 

Hindustan Fluorocarbons Limited

M/s Hindustan Fluorocarbons Limited (HFL)    is a subsidiary company of M/sHindustan Organic Chemicals Ltd.. HFL was incorporated on 14.7.1983. The Regd. office of the company is located at No. 1402, Babukhan Estate, Bashir Bagh,Hyderabad. The company is engaged in the manufacture of Poly Tetra Fluoro Ethylene (PTFE) and Chloro Di. Fluoro Methane (CFM22). PTFE is extensively used in chemical, mechanical, electrical and electronic industries and has strategic applications in the defence and aerospace sectors.
The factory is located at Rudraram, District Medak, Andhra Pradesh.

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