IVP Ltd BUY 60.00

IVP Limited : Company Profile

We introduce IVP Limited, an integral and vital part of the Allana Group, is a leading Manufacturer & Exporter of Foundry Chemicals, Castings, & Allied products, having over Eight decades of Experience in the manufacture and export of a wide range of Foundry Chemicals, Castings and Allied products.

IVP's Foundry Chemicals Division has always dedicated itself to the development and manufacture of a wide range of high quality Foundry Chemicals, to enable Foundries to enhance the Quality of their Castings and improve Productivity levels.

IVP Limited : Historical Milestones

YEAR EVENTS 1929 - The Company was incorporated on 5th July at Mumbai. The Company Manufacture vegetable oils & vanaspati Margarine, Plastics Minar Chemicals, Foundry, products, Spark Plugs & Industrial Ceramics.

1930 - IVP commenses operations. production of hardened cooking fat.

1939 - 1,100 Bonus shares issued in the proportion 1:10.

1947 - 6,050 Bonus shares issued in the proportion 1:2.

1954 - 3,025 Bonus shares issued in the proportion 1:6.

1962 - Establishment of Research and Development facilities at the Raey Road Factory

1963 - 3,025 Bonus shares issued in the proportion 1:7.

1964 - Begining of the Factory Chemicals Division

1966 - 4,840 Bonus shares issued in the proportion 1:5.

1973 - 11,616 Bonus shares issued in the proportion 2:5.

1974 - Establishment of Jamshedpur factory for Foundry Chemicals.

1976 - 10,164 Bonus shares issued in the proportion 1:4.

1976 - Establishment of Bangalore factory for Foundry Chemicals.

1976 - Recognition of Research and Development Unit by the Department of Science and Technology, Government of India.

1978 - Diversification into Industrial Ceramics and Spark Plugs with factories at Aurangabad and Hyderabad.

1979 - Establishment of a large capacity Tank farm at the Reay Road Factory in Bombay for bulk storage of vegetables oils.

1979 - Shares subdivided during 1978. 5,08,200 Bonus shares issued in the proportion 1:1.

1982 - 3,38,800 Rights equity shares allotted (Prop. 1:3; Prem. Rs 1.25 per share) on 22.6.82.

1983 - Establishment of a full fledged, modern factory at tarapur in Maharashtra, for Foundry, Industrial and Speciality Chemicals

1983 - The management of IVP Ltd., changed from Forbes Campbell & Co. Ltd. to be the House of Allanas

1984 - The Company revalued its freehold land, buildings, plant and machinery relating to its Mumbai factory as on 31st December.

1985 - 6,77,600 Bonus Equity shares issued in propn. 1:2 and allotted on 9.4.1985.

1986 - During November the company signed technical collaboration agreement with M/s Feldmuhle Aktiengesells Chaft, (Feldmuhle Akg) West Germany for acquisation of knowhow for the manufacture high alumina, Ceramic, textile thread guides using injection moulding technology. The Company enunciated a modernisation-cum-diversification programme.

- Another project was taken up to set up a new unit at Kumbalagudu near Bangalore to manufacture foundry and other industrial chemicals. 

 1987 - The Company issued 2,33,540 No. of equity shares of Rs 10 each at a premium of Rs 10 per share as follows: 1,01,640 shares on rights basis to the existing shareholders of the Company in the ratio 1:20; 1,20,000 shares to financial institutions (UTI), LIC and GIC) and 11,900 shares to employees/workers. 28,385 additional shares were also issued at a premium of Rs 10 per shares to retain oversubscription and allotted as follows: 25,410 shares to shareholders and 2,975 shares to employees.

- The Company proposed to issue equity shares/convertible debentures upto a maximum of Rs 30 crores on a rights-cum-public basis subject to all necessary approvals.

- The Company proposed to issue 68,84,175 bonus equity shares in proportion 1:1.

- 2,61,925 Bonus Equity shares issued (Prem. Rs. 10 per share) in June 1987.

1988 - (15 months) the Company entered into a collaboration agreement with M/s. Industries Magneti Marelli Sp. A of Italy for manufacture of improved types of spark plugs. Also approval was received for technical collaboration, agreement with M/s London & Scandinavian Metallurgical Co Ltd UK for updating its technology in its steel plants.

- It would also enable updating of its ingot casting products such as hot topping tiles, corner pieces etc. and introduce latest products such as Tundish liners, impact pads etc.

1989 - 22,94,725 Bonus Equity shares issued in prop. 1:1.

1991 - The Company had undertaken expansion and modernisation of its industrial ceramics and industrial chemicals division.

- 22,94,725 Bonus Equity share issued in prop. 1:2.

1992 - The Company entered into two technical collaborations for high alumina ceramics with Cerasiv GmbH, Germany, one for the manufacture of high alumina faucet discs, an import substitute item and the second for upgrading and increasing the product range of industrial ceramics division.

1996 - 34,42,088 Bonus shares issued in prop. 1:2.

2001 - Mr. S.N. Bhatri has been appointed Director on the board effective from 29th January.  

PRODUCTS: Foundry Chemicals : Binders In our foundry range of phenolic resins, we have shell-mold resins and organic non-heating self-curing foundry-use resins in a rich assortment of grades. We can provide shell-mold resins to comply with versatile requirements such as high mechanical strength, quick curing, peel-back resistance, low odor, ease of collapse after molding and low expansion. For non-heating self-curing foundry-use resins, we provide resins compatible with the cold-box system which improve curing speed and save energy. Phenol Base Resins Shell Resin (Novalac) for coated sand manufacturing. Phenolic No Bake (Acid Cured). Phenolic No Bake (Ester Cured). Phenolic Urethane No Bake. Coldbox Resin. Hot Box Resin (Phenolformeldehyde or Furfuryl Alcohol base). Furan No Bake Resin. Applications Shell-mold resins (general purpose use, for main mold component, hollow inner core, solid inner core) and resins for the cold box system.  Special Binders for Refractories Thermo-setting resin characteristics ensure high mechanical strength after drying. Fixed carbon rate is high enough to form very tough carbon bonds. Compatible with various aggregates including graphite. Also has superior mixing and kneading properties. In comparison with tar pitch or the like, there are environmental advantages with minimized hazardous substances. Sp. Phenol Base Resin for Refractor (Liquid and Powder). Applications For various unburned bricks such as magnesia carbon brick, alumina carbon brick, and various burned bricks such as magnesia chrome brick. Refractories for continuous casting such as submerged nozzle and plate. Monolithic refractories, such as mud material, gunning refractory. Foundry Chemicals : Coatings When metal is cast into a sand mould or against a core, there may be physical and chemical reactions which can cause surface defects. Improving the surface appearance of the casting will reduce finishing costs, enabling foundries to sell more castings at better prices. Today we offers the most advanced coatings available. They combine the latest developments in Water-based as well as Alcohol based coatings technologies . Water Based Coatings Alumino Slicate / Graphite Base. It is water based mixed refractory coating for cores / moulds made by shell process. Graphite Base. Coating based on graphite aluminum silicate and iron oxide with water as a carrier liquid and has excellent suspension stability and owing to the refractory composition it is able to prevent the formation of finings and scabs The penetration tendency of cast iron melts is reduced as well. A clean and smooth surface finish can be achieved. This coating is suitable for high to medium cast iron castings Zircon Base. Zirconium based mold /core coating with an aqueous carrier is a special combination of inorganic / organic suspenders and binders results in high solids level which ensures rapid drying possible. The result is an extremely compact, abrasion resistant coating. Zircon / Graphite Base. Zirconium and graphite based mold /core coating with an aqueous carrier is a water-based coating with high solid contents for brushing applications. It maintains an excellent coverage and brush ability. It has got superior suspension property and ensures excellent finishing on heavy iron castings.  Alcohol Based Coatings Alumino Slicate / Graphite Base. It is a ready to use Alcohol based mixed refractory coating for cores / moulds made by shell process Graphite Base. It is a coating based on graphite and magnesium silicates. Alcohol is used as a carrier liquid. Owing to its basic materials it is able to prevent the formation of finings and scabs. The penetration tendency of cast iron melts is reduced as well. A clean and smooth surface finish can be achieved. Zircon Base. It is a coating material based on zirconium. Alcohol is used as carrier liquid. A high zirconium ensures a dense layer and thus an excellent protection against penetrations and mould metal reactions. It also maintains a good adhesive and abrasive resistance. Zircon / Graphite Base. Zirconium and graphite based mold /core coating with alcohol as a carrier coating with high solid contents for brushing applications. It maintains an excellent coverage and brush ability. It has got superior suspension property and ensures excellent finishing on heavy iron castings. Magnesite Base. This is the coating based on a high quality magnesite with Isoproponal as a carrier. The coating exhibits excellent flow properties. The refractory filler system performs best on moulding materials such as Olivine (basic refectories). Mould/metal reactions and penetrations are avoided. Foundry Chemicals : Innoculants & Fluxes It is often necessary to modify the composition of iron or steel melts by adding elements such as carbon or silicon, to remove undesirable constituents such as sulphur or oxygen, or to ensure that the casting solidifies with a specific metallographic structure. To meet these needs we supply a number of products, each formulated to give maximum performance efficiency. Innoculants for Cast Iron Industry We are Manufacturing Special cast iron innoculants for Automotive Industries. Barium based Ferro silicon innoculants. Zirconium / Manganese based innoculants. Strontium based innoculants.  All Types of Non Ferrus Fluxes Metallurgical properties have to be controlled during the production of aluminium castings and other non-ferrous alloys, for example: -- Removing hydrogen (a cause of porosity) using a degassing treatment -- Modifying the metal by the controlled addition of alloying mixtures -- Optimising the crystal structure of the cast metal by grain refining -- Protecting the molten metal from oxidation and removing slag using powder fluxes IVP is at the leading edge of industry efforts to improve the metallurgical performance of castings by rpoviding wide range of metal additives. Cover & Cleaning flux for Aluminum / Copper and their alloys. Nucleants and for Aluminum and its alloys. Tailer made non ferrous fluxes for Aluminuim and Copper alloys for special purpose.

	Quarter ended			Year to Date			Year ended
	201503 (3)	201403 (3)	% Var		-	-	201503 (12)	201403 (12)	% Var
Sales	37.95	37.01	2.54	NA	NA	NA	162.92	145.48	11.99
Other Income	0.28	0.43	-34.88	NA	NA	NA	1.41	1.55	-9.03
PBIDT	4.66	1.36	242.65	NA	NA	NA	12.22	5.64	116.67
Interest	0.13	0.07	85.71	NA	NA	NA	0.53	0.26	103.85
PBDT	4.53	1.29	251.16	NA	NA	NA	11.69	5.38	117.29
Depreciation	0.32	0.30	6.67	NA	NA	NA	1.23	1.20	2.50
PBT	4.21	0.99	325.25	NA	NA	NA	10.46	4.18	150.24
TAX	1.34	0.51	162.75	NA	NA	NA	3.53	1.72	105.23
PAT	2.87	0.48	497.92	NA	NA	NA	6.93	2.46	181.71
Equity	10.33	10.33	0.00	NA	NA	NA	10.33	10.33	0.00

Company paid 20% div 

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