The CommercialCenter, Kolkata
TCC NO.22-29356 of 10.09.06
Name : / Coral Aromatics P Ltd w.e.f. 17.12.1990Dragoco India Ltd w.e.f. 12.5.1994
Symrise Ltd w.e.f. 1.3.2004
Symrise Pvt Ltd w.e.f. 19.8.2004
Symrise Pvt Limited
Formerly
Dragoco India Ltd
- Dragoco India Limited is a joint venture between Dragoco Gerberding & Co. AG, Germany and the Sanmar group, with management responsibility lying with Dragoco Asia Pacific at Singapore..
- Formed in the year 1990 the company manufactures and markets flavours and fragrances.
- Flavours and fragrances are customised blends of natural essential oils with aroma chemicals (natural, nature identical and synthetic)
- Dragoco India currently exports aroma chemicals to Singapore and fragrances and flavours to Sri Lanka and Nepal.
Change of name and disinvestments
SYMRISE Private Ltd, the Indian arm of the global manufacturer of flavours and fragrances, plans to expand its existing capacity to supply markets in West Asia and South Africa.Mr C. Venkat, Chief Executive Officer, Symrise, said that another 3,000 tonnes would be added to the existing capacity of 2,000 tonnes to manufacture global fragrances.
The company also plans to add 1,000 tonnes to the existing 1,000 tonnes capacity to manufacture savoury powder for the food industry. The total project cost is Rs 5.5 crore.
He said that the Rs 130-crore company grew by 30 per cent in 2004 over the previous year. The focus of the company is to develop flavours for ice creams, biscuits, confectionery and beverages industries. The fragrances are used mainly for soaps, shampoos and beverages segments.
Mr Venkat said besides developing fragrances and flavours used by the industry, the creative staff - the ones who develop the flavours and fragrances — also predicts trends for five years in fragrances and flavours.
The company was earlier known as Dragoco India Ltd and was set up in 1994 as a joint venture between the German company Dragoco and the Chennai-based Sanmar Group with the former holding 51 per cent of the equity.
In 2003, Symrise was formed with the merger of Haarmann & Reimer and Dragoco both based in Holzminden, Germany. In February 2004, Sanmar exited the joint venture and the Indian company became Symrise Private Ltd.
The company had shifted its facility in Perungudi to its new office and laboratory in a 10-acre plot in Semmancheri on the Old Mahabalipuram Road, in 2002. It had invested about Rs 20 crore in fixed assets and Rs 20 crore in working capital in the new facility.
The company has an 18 per cent market share in the Rs 1,000-crore fragrances and flavours market. Five major players - IFF (International Flavors and Fragrances Inc acquired Bush Boake Allen), Givaudan, Firmenich, Quest and Symrise - dominate 70 per cent of the market. In India, Symrise is second to IFF, he said.
News clipping
A Rs 18.5-crore plant of Dragoco India Ltd was inaugurated here today. The plant can produce 3,000 tonnes of fragrances and flavours.
In its seven years of existence, the Rs 86-crore Dragoco India was producing fragrances and flavours from its smaller plant at Perungudi, a suburb of Chennai.
From now, the production would be shifted to the new facility, which is some 10 km farther south.
The company is a joint venture between a German company of the same name, and the Chennai-based Sanmar group, which holds 49 per cent.
The products that are made here find application in a variety of fast-moving consumer goods (FMCG) goods such as cosmetics, shampoos, perfumes, beverages, ice creams, bakery and savoury products.
At a press conference here today, Dragoco India's CEO, Mr C. Venkat, said that the fragrances market in India was worth about Rs 350 crore and the flavours market, around Rs 200 crore.
He said that the company intended to focus on hair care and skin care products for growth.
He said that some raw materials could be sourced from India for the Dragoco group's global requirements.
The plant here produces an assortment of fragrances and flavours; there are, for example, chemicals that smell like coconut, milk, lemon and liquor.
The facility also has equipment for making end products such as soaps and detergents, biscuits and candy, for testing the fragrances and flavours produced here.
Address : / 140 Old Mahabalipuram
Semmenchery
Chennai 600119
Tel. No.: / 91-44-24501739
Mobile No.:
Fax No. / 91-44-24501737
E-Mail : /
Website /
FACTORY :
Address : / 140 Old Mahabalipuram RoadSemmancheri, Chennai 600119
Tel. No.:
Fax No.:
BRANCH 1 :
Address : / NEW DELHI:Harsha Bhavan, 2nd Floor, Block ‘E’,
Connaught Place,
New Delhi - 110 001.
Tel : (91) 11-2332 7112
Fax : (91) 11-2332 7152
BRANCH 2 :
Address : / MUMBAI:606, 6th Floor, ACMEPlaza,
Andheri - Kurla Road, Andheri (East),
Mumbai - 400 059.
Tel : (91) 22-2826 2802/3
Fax : (91) 22-2826 2802
BRANCH 3 :
Address : /Calcutta office
10 C Middleton Row 4th FloorCalcutta 700071
Tel (91)33 22294712
Fax (91) 33-22172395
HISTORY
Date / Year of Incorporation : / 17.12.1990Com. Reg. No.: / 20035
IEC No.:
Legal Status : / Pvt. Ltd. / YES / Deemed Pub. Ltd. / Pub. Ltd.
MANAGEMENT
Names of Directors / Age/Date of Birth / Qualification / Exp.(yrs.) / Residence Address
N Sankar / 19.11.1945 / 292 TTK Road
Chennai 600018
Bernd Kirchoff / 22.4.1941 / 30C Swiss Club Road
Singapore
J S Tan / 6.10.1943 / 83 Cairnhill road
08-01-Scotts Towers
Singapore
Rainer Klaus Grimm / 14.3.1952 / Germany
V Sunder / 15.5.1957 / Secretary
Aravind Flats
14 Ellai Amman Koil strteet
Sastri Nagar
Chennai 600020
T K Ramachandran / 25.8.1960 / Managing Director
9 Cheran Street
Plot NO 121
Alwarthirunagar
Chennai 60081
MAJOR SHAREHOLDERS
Names of Shareholders
/ No. of Shares / Names of Shareholders / No. of SharesDragoco Asia Pacific Pte Ltd / 4499994 / J S Tan / 1
Symrise Ltd / 1
HSBC, Chennai / 1
Dr Martin Wolf / 1
N Sankar / 1
Bernhard Kirchnoff / 1 / Total / 45,00,000
Foreign Holding –100%
BUSINESS MATTERS
Nature of Activity : / Manufacturer / X / Trader / Dealer / DistributorExporter / Importer / Others
Product with Brand Names : / Manufacturers of the following products
Flavours
Fragrances
Cosmetic Materials
Aroma Chemicals
EXPORTERS OF / COUNTRY /
TRADE REFERENCES
Flavours and Fragrances / SingaporeNepal
Srilanka
IMPORTERS OF / COUNTRY /
TRADE REFERENCES
Machinery and raw materials used in productionPRODUCTION DETAILS :
Products
/ Installed Capacity / Actual ProductionFlavours and fragrances / 420000 kgs
Production in 2003 / 326597 kgs
Production in 2004 / 770194 kgs
SISTER CONCERNS :
- Chemplast Sanmar Ltd
- Cabot Sanmar Ltd
- Sanmar Sepciality Chemicals Ltd
- Sanmar Shipping Ltd
- Sanmar Properties and Investments Ltd
- Sanmar Holdings Ltd
- AMP Sanmar Assurance Co Ltd
- Indchem Software Technologies Ltd
- Sanmar Engg Corpn ltd
- Arco India Ltd
- BS&B Safety Systems India Ltd
- Fisher Sanmar Ltd
- Flowserve Sanmar Ltd
- Sanmar Engg Services Ltd
- Micropack Ltd
- Sanmar Weighing Systems Ltd
- Sensotronics Sanmar Ltd
- Tyco Sanmar Ltd
- Xomox Sanmar Ltd
BANKERS :
1] / Name : / HSBS Bank30 Rajai Salai
Chennai 600001
Branch Address :
Credit Limit :
2] / Name : / Deutsche Bank
Branch Address : / Chennai
Credit Limit :
AUDITORS :
Name : / S R Batliboi and AssociatesAddress : / TPL House
Second Floor
Cenotaph Road
Teynampet
Chennai 600018
Tel. No.:
Fax No.:
E-Mail :
CAPITAL STRUCTURE :
Authorised Capital :
Equity Capital / Rs.4,50,00,000 / No. of Shares / 45,00,000 / Value : / Rs.10Preference Capital / Rs. / No. of Shares / Value : / Rs.
Issued, Subscribed & Paid-up Capital :
Equity Capital / Rs.4,50,00,000 / No. of Shares / 45,00,000 / Value : / Rs.10Preference Capital / Rs. / No. of Shares / Value : / Rs.
General Comments on history, commercial activities, any future programmes, foreign collaboration, etc.:
Given below is a write up from their website
Dragoco India Limited
Profile
Dragoco India Limited is a joint venture between Dragoco Gerberding & Co. AG, Germany and the Sanmar group, with management responsibility lying with Dragoco Asia Pacific at Singapore
Formed in the year 1990, the company manufactures and markets flavours and fragrances
Flavours and fragrances are customised blends of natural essential oils with aroma chemicals (natural, nature identical and synthetic)
As per the instructions and sequence of the creator, and under defined process conditions, flavours and fragrances of precise composition are processed
Dragoco India currently exports aroma chemicals to Singapore and fragrances and flavours to Sri Lanka and Nepal
Dragoco India has branches at Mumbai, Delhi and Calcutta
Key account managers and executives are based in the branches to service the customers actively
Dragoco India plans to more than double its turnover in the next four years
It aims at furthering its image as a professional, innovative, proactive, progressive and customer-oriented company
Dragoco India Limited
Products
Flavours
Fragrances
Cosmetic Materials
Aroma Chemicals
Dragoco India Limited
Manufacturing Facility
Dragoco India has its manufacturing facilities at Perungudi, 10 kilometres from Chennai, India, with its own creation and application laboratories
An ultra modern manufacturing complex is being set up ten kilometres from Perungudi at Chemmanchery
The new facility, due to be completed by end 2000, will have a built up area of 100,000 sq.ft., and will be one of the largest of its kind in South Asia
Dragoco India Limited
Contact Us For more information, please mail us at
DETAILS OF THE PERSON PARTING INFORMATION :
Name : / Compiled from the ROC Chennai and from their websiteDesignation :
Mobile No.: