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Krebs Biochemicals & Industries Limited
Sector:Chemicals Chemicals - Chemicals - Others
BSE:524518NSE:KREBSBIOBloomberg:KBC@INReuters:KREB.BO
Market Lot: 1Face Value: 10ISIN Demat: INE268B01013
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26-Aug-2013
Business Profile
Krebs Biochemicals & Industries (KREBSBIO) is engaged in the manufacture of bulk actives, intermediates, active pharmaceutical ingredients (API) and other products. Established in 1991 as a public limited company, the company was earlier known as Krebs Biochemicals and got its present name on Dec. 10, 2003.

The ISO 9001:2000 certified company manufactures Ephedrine HCL, Pseudoephedrine HCL, Lovastatin, Sucralose, Simvastatin, Vitamin-C and other products. It also manufactures sugar and potato chips. The manufacturing units have certification from US FDA and EDQM and total five in number. They are located in the Nellore and Guntur districts, Hyderabad and Visakhapatnam in Andhra Pradesh. A 2.5 MW co-generation power plant has been set up at unit II to meet the in-house steam and power requirements of the process plant.

In FY07, the company entered into a manufacturing agreement with Ranbaxy Laboratories for undertaking a series of exhibit batches for new high value products at its Nellore plant and successfully completed two product campaigns. In January 2008, it signed a manufacturing contract with Germany`s Wacker Chemie AG and also signed a preliminary agreement with it to form a joint venture for the manufacture of various products. The company would hold 49% stake in the joint venture. A co-marketing agreement is in place with Ranbaxy Laboratories to market Lovastatin and Simvastatin in new European and other markets. Tie-ups with major distribution firms in UK, Sri Lanka and India and tie-ups with other private label operations in India and Middle East will boost exports.

The registered office is located at 401/402, Cyber Heights, 4th Floor, Plot No-13, Road No.2, Banjara Hills, Hyderabad-500033, Andhra Pradesh.


Financials
The company disclosed rise of 257.41% in standalone net profit on y-o-y basis to Rs 74.66 million, while total income declined 72.58% y-o-y basis to Rs 11.13 million for the quarter ended June 2013.

Future Plans
Once the sugar unit of the company becomes operational, it would expand into many other organic products based on industrial biotechnology. The demand for bio fuels has enhanced importance of sugar industry. It will increase the turnover and profitability of the company substantially.


In Brief

 
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