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एबीएल बायोटेक्नॉलजी > कंपनी इतिहास > Pharmaceuticals > कंपनी इतिहास का एबीएल बायोटेक्नॉलजी - बीएसई: 526955, NSE: N.A

एबीएल बायोटेक्नॉलजी

बीएसई: 526955  |  NSE: N.A  |  ISIN: INE707D01016  |  Pharmaceuticals

कंपनी इतिहास - एबीएल बायोटेक्नॉलजी
The company was incorporated as a Private Limited Company in March
 1992.  the company started its operations in August 1993 and exported
 its first consignment of Frozen Sea Food to Spain and Japan during
 December, 1993.  During September 1993, the company diversified its
 operations into infrastructure support services for aquaculture by
 supplying aquaculture equipment and inputs to the numerous Aqua
 farms.  With a view to cater to the evergrowing demands, the company
 has entered into long term
 agreements with several international companies of repute including
 Taiwan Mareden Group (aquaculture equipments), Taiwan, Aurum
 Aquaculture, U.S.A., (for drugs, chemicals, pesticides) M & M
 Supplies Inc., Canada, (for feeds and ingredients, chemicals and
 accessories), Aquacutlure Research and Environmental Associates
 (AREA) Inc., U.S.A (Sand Filters and Hatchery equipment) and Salt
 Creek Inc., U.S.A.,
  (fro Brine shrimp eggs).
 The main points of the agreement are:
 
 1.  Exclusive Agency arrangement for representing the principals for
 all the products manufactured by them in the territory of India. 
 
 2.  The agent (Aquastride) will purchase from the principals on
 mutually agreed prices, products manufactured by them.
 
 3.  Provision for termination of contract on mutually agreed terms
 with advance notice of 2 months during the currency of agreement
 excepting the agreement entered into between the company and Aurum
 Aquaculture which would be valid till February 9, 1997.
 
 The operations of this division is carried out under the name and
 style THE ACQUASHOP.  For this, the company has already identified
 franchises in many areas, notably, Nellore, Kakinada and Bhimavaram
 in Andhra Pradesh, Tuticorin and Nagapattinam in Tamil Nadu, Cochin
 in Kerala, Kumta in Karnataka, Panjim in Goa, Ratnagiri and Bombay in
 Maharashtra, Surat in Gujarat, Behrampur in Orissa and Calcutta in
 West Bengal.  While many of these are already formalised and
 operational the remaining are under advanced stages of finalisation. 
 The company has 6 franchise operational and has plans to have atleast
 40 more in operation
 during 1995-96.
 
 During 1993, the company established its own Backwater Productivity
 Research center at Sheratalai, Kerala.  The company has set up this
 research center over a 15 acre area and focuses at development of
 multiple products in Aquaculture using both freshwater and seawater
 resources and has successfully cultured various varieties of shrimps
 including Penaeus Monodon (Black Tiger), Penaeus Indicus (Indian
 White) and Metapenaeus Dobsoni and has been conducting research in a
 number of areas including Pharmaceuticals, nutrition, predator
 control, Biological control of effluent and disease management.  The
 research center has
 also undertaken various programmes on the control of effluents
 through biological means by using plants and sea weeds.
 
 Aquastride Bio-Tech Private Limited was converted into a Public
 Limited Company in March 1994 and renamed as Aquastride Bio-Tech
 Limited.  During February 1994, the company decided to diversify into
 High Technology Aquaculture and bio-technology research and as a first
 step towards this, the company has established Shrimp Brood Stock Bank
 along with a Nauplii Production Center and Larval Rearing Unit based
 on modified Galveston Technology.  The broodstock bank project is
 estimated at Rs.125.00 lacs and is being funded by IDBI which is
 participating in the equity of the company to the extent of Rs.50.00
 lacs and convertible term loan of Rs.50 lacs, to be converted into
 equity any time during the
 currency of the loan in two phases, one half at par and the other at
 par or the lower of the book value and the CCI formula, whichever is
 higher, at IDBI's option.  The promoters are funding the balance. 
 The company has, through its inhouse R & D efforts, developed a few
 environmental friendly anti-bacterial and anti-fungal chemicals for
 specific use in aqua culture. Two of these products have already been
 launched in the market under the brand names AQS and ALPROCIDE.  The
 past performance of the company is as given below:
 
 2004
 
 -Signs one Time Settlement with Indian Bank
 
 -Acquires Shantha Marine Biotechnologies, a subsidiary of Shantha
 Biotech. Shantha Marine Biotechnologies becomes the wholly owned
 subsidiary of the company
 
 2006
 
 -Abl Biotech launches pharmaceutical division
 
 2011
 -Registered Office of the Company has been shifted To No.71, Nehru
 Nagar Industrial Estate, 2nd Link Street, Kottivakkam, Old
 Mahabalipuram Road, Chennai - 600041.
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • NEWS FLASH EVE : मुनाफा `251 Cr से घटकर `130 Cr
  • NEWS FLASH EVE : NII `7662 Cr से बढ़कर `10,112 Cr

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