Sanginita Chemicals
Excellent business, Bright Future
Sanginita Chemicals Limited (SCL) is engaged in manufacturing
mainly metal based inorganic chemicals. At present, SCL manufactures
three major products viz. Cuprous Chloride, Copper Sulphate
and Cupric Chloride. These products are used in various industries
like dyes and pigment, paint, pharmaceuticals, electroplating, metal
extraction and ink, Carbon paper, PVC pipe coating industries etc.
Presently SCL have Installed capacity of about 12200 million tons
per year which has approximate value of about Rs.300 Crores at
present rates. SCL utilizes about 50 % to 60 % of the installed capacity
having its turnover about Rs.170 Crore for the year ending 2016.
Sangini Chemicals is a listed company which is traded on NSE
SME Emerge Platform. The stock has been on solid upmove as it has
given more than 200 per cent return within seven months from its listing.
It had entered into the capital market this year itself in March-
2017. It had issued one share each at Rs.22 i.e. each share having
face value of Rs.10 at premium of Rs.12. It was listed on 10th March,
2017.
Initially, in 2003, SCL had started as a proprietorship under the name
"Sanginita Chemicals" and Mr. Vijaysinh Chavda was the proprietor.
On December 15, 2005 Sanginita Chemicals was incorporated as Private Limited under the
name Sanginita Chemicals Pvt. Ltd by promoters.
SCL had started with very low amount of finance of just 00.15 Cr. from Bank, Gandhinagar
in 2003. Promoters also have invested about 16.59 Cr. of finance as a capital in the
SCL.Financially SCL grown gradually backed by strong Balance Sheet presently.SCL provides
employment to about 150 people regularly.
The philosophy of the SCL is to keep in front customer satisfaction
through continuous consistent quality, superior service and thrust on
changes for improvement. Optimum utilization of resources by value
added activity and surpass the benchmark of the industry on various key
riders is the cultivated working culture of the SCL. All the efforts of positive
action clubbed in the motto of the SCL is
"Surety of Purity & Quality. Every Quest for excellence begins with
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Financial Weekly
Hansaben Chavada : She has been Human Resource Development
deparment. By utmost human approach and reaching to
the employee in need, she has made the company a different
family organization with professional values form others.
Promoters of Sanginita Chemicals
Dineshsinh Chavada : A person with clear
vision and committed for growth is working with
SCL since its inception. Dineshsinh has also
indepth understanding of the system and processes.
Being a retired forest officer, who has
shouldered responsibility of diverse departments
Vijaysinh Chavda : Being a Chemical Engineer
Mr Vijaysinh is developing the product, set
up the processes and ensure optimum productivity
for the market that he has penetrated.
being part of government establishment has hands on experience
of system and processes. He is also acting as Honorary
Secretary in MSME, An Apex Association, Gujarat State Small
Industries Federation of Gujarat State.
BUSINESS & FINANCIAL RESULT UPDATE
Quality, not only in our products, but more so
in our commitments."
"Evidential perfection, consistently Innovative
measures, uncanny combination of man
and instrument, not just business but lifetime
relations."
By following the motto in latter and sprit,
and transmitting the values in the culture of
the organization, SCL have reported continuous
journey of encouraging Growth in terms
of revenue and profit.
The backbone of Sanginita's quality is its
well-equipped Quality Assurance Laboratory,
where all our products are rigorously tested before being dispatched to our various customer locations.
Service of reputed independent laboratories are also utilized as required, to supplement our own
facilities.
Use of standard raw material, vendors and operational procedures guarantee consistent prod-
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Financial Weekly
Sangini Chemicals is a
listed company which is
traded on NSE SME
Emerge Platform. The
stock has been on solid
upmove as it has given
more than 200 per cent
return within seven
months from its listing
SCL was nominated during
Vibrant Gujarat in MSME
competition under Best
Entrepreneur category.
On financial front, the
company is gfowing
rapidly. During September
quarter, its ssales
has increased 40 per
cent and net profit has
jumped 160 per cent
uct quality. No where things are being compromised in quality maintenance.
We analyze customer suggestions for constant improvement of
our products.
SCL is chemical manufacturing company and has Pollution
Control Board NOC & Consent till 2018. Then after it will be renewed.
SCL do not have any technical or administrative issue of
pollution till Day.
SCL has its own Laboratory for Research and Development.
SCL has one site in the same premises for future Demands and
Expansion.
SCL had 538 million tonnes of production during 2006-07 had
the value of about Rs. 11.68 Crore is now reached to 5650 million
tonnes of production having value of about Rs.170 crore.
SCL was nominated among 5 (Five) Fastest Growing Companies
during 2010-11 year in the Survey of CRISIL Ratings, ICICI
Bank and CNBC-18 Business Channel.
SCL was nominated during Vibrant Gujarat in MSME competition
under Best Entrepreneur category.
On financial front, the company is gfowing rapidly. During September
quarter, its ssales has increased 40 per cent and net profit
has jumped 160 per cent. The stock has given more than 200 per
cent return within seven months. The stock is poised for more
upmove after strong quarterly results. As the management of the
company has made strong growth plan, investors can make more
money in this stock.
