Ashapura Minechem Ltd. - Company Capsule by ICDResearch

VIEWS: 8 PAGES: 17

More Info
									Ashapura Minechem Ltd.

_________________________________________________________________________________




Ashapura Minechem Ltd. - Company Capsule

Reference Code: BR0108CC
Published Date: April 2011




___________________________________________________________________________________________

Ashapura Minechem Ltd. - Company Capsule                                            Page 1
Ashapura Minechem Ltd.

__________________________________________________________________________________________


Ashapura Minechem Ltd. - Company Overview

Ashapura Minechem Ltd. (Ashapura) is the leading mine owner & exporter of bentonite in India. It is a part of Ashapura
group. The company is principally engaged in the mining and processing of bauxite, bentonite and other minerals like
china clay and calcium carbonate. The products offered by the company include bauxite, bentonite, barites, kaolin,
bleaching clay, calcined bauxite, value added products and geosynthetic clay liners. It also mines and exports minerals,
which are widely applied in industrial purposes. The company has mining and processing facilities located at Kutch and
Bhavnagar in Gujarat. It principally operates in India. The company operates through its subsidiaries in Belgium, China,
Malaysia, Nigeria, Oman and United Arab Emirates. The company is headquartered in Mumbai, Maharashtra, India.


Financial Performance

The company reported revenues of (Rupee) INR 7,189.49 million during the fiscal year ended March 2010, a decrease of
26.22% from 2009. The operating loss of the company was INR 279.61 million during the fiscal year 2010, as compared
to an operating loss of INR 4,175.52 million during 2009. The net loss of the company was INR 430.31 million during the
fiscal year 2010, as compared to a net loss of INR 2,883.97 million during 2009.




Ashapura Minechem Ltd. - Key Facts

Ashapura Minechem Ltd., Key Facts

                                  278, Jeevan Udyog Building,
                                                                    Ticker Symbol, Stock           527001 (Bombay Stock
Corporate Address:                Mumbai, , 400 001, India                                         Exchange)
                                                                    Exchange



Telephone                          + 91 22 56651700                 No. of Employees               1,200



Fax                                + 91 22 22079395                 Financial Year End             March



URL                               www.ashapura.com                  Revenue (in INR Million)       7,189.49



Industry                          Metals and Mining                 Revenue (in USD Million)       147.17



Locations                         China, India, Malaysia, Belgium, Nigeria, Oman, United Arab Emirates

Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Ashapura Minechem Ltd. - Company Capsule                                                                                  Page 2
Ashapura Minechem Ltd.

__________________________________________________________________________________________



Ashapura Minechem Ltd. - Major Products and Services

Ashapura Minechem Ltd. is an Indian mining and processing company. Key products and services of the company
includes the following:

Ashapura Minechem Ltd., Major Products and Services
Products:

Bauxite

Bentonite

Other minerals

Kaolin

Value added products

Bleaching Earth

Geosynthetic Clay Liners

Services:

Ports

Shipping
Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Ashapura Minechem Ltd. - Company Capsule                                                                  Page 3
Ashapura Minechem Ltd.

__________________________________________________________________________________________



Ashapura Minechem Ltd. - Key Competitors

The following companies are the major competitors of Ashapura Minechem Ltd.:

Mahavir Minerals Ltd.

Atlantic Minerals Limited

NMDC Limited

Gujarat Mineral Development Corporation Limited

AMCOL International Corporation




___________________________________________________________________________________________

Ashapura Minechem Ltd. - Company Capsule                                            Page 4
Ashapura Minechem Ltd.

__________________________________________________________________________________________


Ashapura Minechem Ltd. - Key Employees


Ashapura Minechem Ltd., Key Employees


         Name                        Job Title                       Board Level     Since   Age


Navnitlal R. Shah    Chairman                                  Executive Board


                     Chief Executive Officer, Managing
Chetan Shah                                                    Executive Board
                     Director


Dina Chetan Shah     Director                                  Non Executive Board


A. M. Kadakia        Director                                  Non Executive Board


Piyush A. Vora       Director                                  Non Executive Board


Larry Washow         Director                                  Non Executive Board


                     Chief Executive Officer - Bentonite
Geeta Nerurkar                                                 Senior Management
                     Business

                     Chief Executive Officer - International
Hemul Shah                                                     Senior Management
                     Projects & Investments


Jayesh Doshi         Chief Financial Officer - Group           Senior Management


                     Vice President - Resource
Rajnikant Pajwani                                              Senior Management
                     Development


Vinod P Shah         Vice President - Accounts                 Senior Management


                     Vice President - Internal Control &
Dipak Vora                                                     Senior Management
                     Taxation

                     Vice President - Group HR &
Ramesh Balgi                                                   Senior Management
                     Administration

                     Vice President - Commercial and
Manoj Shah                                                     Senior Management
                     Projects


Rajiv Gandhi         Chief Financial Officer - Group           Senior Management     2010


Abhilash Munsif      Director                                  Non Executive Board   2010


Harish Motiwalla     Director                                  Non Executive Board   2010


Vinod P Shah         Senior Vice President - Accounts          Senior Management


                     Senior Executive Vice President -
Dilip Gandhi                                                   Senior Management
                     Corporate Planning

                     General Manager - Business Co-
Michael Rodrigues                                              Senior Management
                     ordination Alumina Project

                     General Manager - Business
Ajay Phalod                                                    Senior Management
                     Development and Co-ordination




___________________________________________________________________________________________

A
								
To top