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Sanathnagar Enterprises Limited
Sector:Others Others - Miscella - Others
BSE:509423NSE:BAKELHYLAMBloomberg:BKLT@INReuters:BKLT.BO
Market Lot: 1Face Value: 10ISIN Demat: INE367E01033
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14-Jul-2008
Business Profile
Bakelite Hylam (BAKHY), established in 1947, is a manufacturer of decorative and industrial laminates, resins and varnishes, textured wall-covering material, phenolic foam and particle boards. Earlier known as Hyderabad Laminated Products, it got its present name on Feb. 01, 1999.

The company offers single-stage and two-stage phenolic resins in granules, powders and liquids; laminates in a variety of sheet sizes; varnishes used for impregnating electrical coil windings based on know-how from Sterling Technology of UK; surface textures providing a superior alternative to existing interior and exterior architectural surface coatings; plain and prelaminated particle boards with decorative laminates and natural veneers in different thickness; insulation material; and heat-hardening material based on phenolic resins and fillers. Products are marketed under the brand names Decolam, Decolite, Durasurf, Phenotherm, Heritage and Decoboard.

Manufacturing facilities are located at Nacharam, and Jeedimetla in Hyderabad and Balarshah in Maharashtra. The company is in the process of relocating the Sanathnagar production facilities to the new location at Pashamylaram Industrial Estate and to other existing locations in compliance with the orders of the Supreme Court of India on the re-location of polluting industries.

Consequent to the erosion of its net worth, the company has been registered as a sick industrial unit with BIFR since 2001. It has been accumulating heavy losses and development of land at the site of the erstwhile Sanathnagar and other steps are being taken to meet the fund requirement of the company.

The registered office is located at 7-2-1669,Sanath Nagar, P.B. No. 1908, Hyderabad-500018, Andhra Pradesh.


Financials
Bakelite Hylam registered a loss of Rs 365.3 million for the year ended March 2008.
It recorded a net sales of Rs 267.9 million for the year ended March 2008.
Total income was Rs 277 million for the year ended March 2008.
The loss per share of the company stood at Rs 35 for the year ended March 2008.


In Brief

 
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