Galaxy Surfactants was originally incorporated as â€œGalaxy Surfactants Private Limitedâ€, under the provisions of the Companies Act, 1956, vide certificate of incorporation dated May 20, 1986 bearing registration number 39877, issued by the RoC. Subsequently, pursuant to a resolution...
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Galaxy Surfactants Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Galaxy Surfactants Ltd. should be analysed on a Consolidated basis
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1. Is Galaxy Surfactants Ltd. a good quality company?
MoneyWorks4Me analysed the past 10-year performance of Galaxy Surfactants Ltd. and arrived at the following conclusion:
Past 10 year's financial track record indicates that Galaxy Surfactants Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.
2. Is current market price of Galaxy Surfactants Ltd. a good price to buy it?
Data is not available for this company.
3. What is Galaxy Surfactants Ltd. share price return in the past 10 years ?
Data is not available for this company
Galaxy Surfactants was originally incorporated as â€œGalaxy Surfactants Private Limitedâ€, under the provisions of the Companies Act, 1956, vide certificate of incorporation dated May 20, 1986 bearing registration number 39877, issued by the RoC. Subsequently, pursuant to a resolution passed at the meeting of the board of directors held on December 12, 1994, and a special resolution of the shareholders of the company at the EGM held on January 24, 1995, the company was
Galaxy Surfactants was originally incorporated as â€œGalaxy Surfactants Private Limitedâ€, under the provisions of the Companies Act, 1956, vide certificate of incorporation dated May 20, 1986 bearing registration number 39877, issued by the RoC. Subsequently, pursuant to a resolution passed at the meeting of the board of directors held on December 12, 1994, and a special resolution of the shareholders of the company at the EGM held on January 24, 1995, the company was converted into a public limited company and the name of the company was changed from â€œGalaxy Surfactants Private Limitedâ€ to â€œGalaxy Surfactants Limitedâ€ and a certificate for change of name was issued by the RoC on March 13, 1995.
The company is one of the leading manufacturers and marketers of surfactants and specialty chemicals in India for the Personal and Home Care (â€œPHCâ€) industry. The company produces a range of vital cosmetic ingredients including active ingredients, UV protection and functional products. Its products cater to some of the largest global brands in the FMCG sector and find applications in skin care, hair care, oral care, body wash, sun care, household cleaners and fabric care segments. From a modest beginning in 1980 with two products by its promoters, the company has today transformed its business into a value based, technology driven, environment conscious and customer oriented organization with a portfolio of 66 products and with sales spread over 70 countries.
The company is certified supplier and preferred vendor for leading companies in the field of personal and home care. Few of its global customers are Beiersdorf, Colgate Palmolive, Ecolab, Henkel, Diversey, Lâ€™Oreal, Reckitt Benckiser and Unilever. The companyâ€™s domestic customers include Ayur, CavinKare, Dabur, Emami, ITC, Marico, Procter & Gamble Home Products Limited to name a few. The companyâ€™s growth has been aided by its approach of strategic partnership with its customers. Customer intimacy, innovation and competitiveness form its value triangle.
The companyâ€™s registered and corporate office is located at TTC Industrial Area, Pawne, Navi Mumbai. It has regional offices in New Delhi, Thailand and USA. At present, it has three manufacturing units at Tarapur, two manufacturing units at Taloja, Maharashtra and one manufacturing unit in USA. Both the units at Taloja are continuous process plants and one of the units is a 100% Export Oriented Unit (EOU). The manufacturing facility in USA is owned by its 100% step-down subsidiary Maybrook Inc. All its existing manufacturing units in India are certified for ISO 9001:2008 Quality Management Systems by Bureau Veritas Certification (India) Private Limited and have also obtained TPM awards from Japan Institute of Plant Maintenance.
Further, it is in the process of setting up manufacturing units at Jhagadia, Gujarat which will be operational by May 2011 and at Suez, Egypt through its 100% step down subsidiary GC Egypt which will be operational by August 2011.
R&D programmes is key to successful innovation in the business. The companyâ€™s R&D Centre is recognized by the Department of Science and Technology, Government of India. Its R&D efforts are driven by its â€˜Consumer-to-Chemistryâ€™ strategy. This involves understanding the changing consumer trends and tuning its R&D efforts in line with its customerâ€™s product development initiatives. It has a well-equipped R&D centre at Navi Mumbai to develop new products, technologies and applications for the personal and home care industry. The companyâ€™s R&D efforts also comprise of standardizing new analytical methods and identifying substitutes for certain raw materials.
Subsidiaries of the company
Galaxy Chemicals Inc. USA
Galaxy Holdings (Mauritius) Ltd. Mauritius
Galaxy Chemicals (Egypt) S.A.E. Egypt
Rainbow Holdings GmbH Germany
Tri-K Industries Inc. USA
Maybrook Inc. USA
OTC GmbH Germany
1986 - Incorporation of the company
1995 - Acquisition of Galaxy Chemicals
1995 - Conversion of the company from private to public company
1995 - Amalgamation of GOPL with the company
1997 - First sulfonation plant set up at Taloja
1999 - Launch of first international office in Bangkok, Thailand, for serving Asia-Pacific Region
2001 - Amalgamation of GOIL with the company
2003 - GC US became the companyâ€™s subsidiary
2004 - Setting up of first EOU at Taloja
2008 - GHML became the companyâ€™s subsidiary
2009 - GC Egypt became the companyâ€™s Step down subsidiary
2009 - Rainbow Holdings became the companyâ€™s step down subsidiary
2009 - A joint venture was formed in June 2009 by Gerd Dahms, Sebestian Dahms, Andreas Jung and Rainbow Holdings GmbH acquiring shares of OTC GmbH and TRI-K.
2009 - TRI-K became the companyâ€™s step down subsidiary
2009 - Maybrook became the companyâ€™s step down subsidiary
2010 - Share Purchase and Transfer and Settlement Agreement was executed by and between Gerd Dahms, Sebestian Dahms, Andreas Jung, OTC GmbH, Deutsche Immo Invest GmbH, Rainbow Holdings GmbH, the company, Galaxy Holdings (Mauritius) Limited, and TRI-K in order to terminate the joint venture and settle the mutual claims and obligations incurred during the term of the joint venture.
Awards, Achievements and Certifications
2001 - The company was certified as â€œApproved Supplierâ€ of Sodium Lauryl Ether Sulphate by Hindustan Unilever Limited and has been assessed and found to be in accordance to the quality requirement as per Hindustan Lever Limited standards.
2003 - The company was certified as â€œPreferred Supplierâ€ of Sodium Lauryl Sulphate by Colgate - Palmolive (India) Limited
2003 - The company was accorded â€œTPM Excellence - First Categoryâ€ by Japan Institute of Plant Maintenance, Japan, for the companyâ€™s unit situated at Taloja.
2008 - The company was accorded â€œSpecial Award for TPM Achievementâ€ by Japan Institute of Plant Maintenance, Japan, for units situated at Taloja and Tarapur.
2009 - The company was accorded a Certificate of Appreciation from Lâ€™Oreal India for outstanding performance based on Lâ€™Oreal evaluation tool.
2009 - The company was accorded â€œCertificate of Merit 2008 - Manufacturing Categoryâ€ in the IMC Ramkrishna National Quality Award 2008.
2009 - The company was accorded Certificate of Appreciation for presentation in the competition organised on â€œBest HR Practicesâ€ by National Institute of Personal Management, Raigad.
2009 - The company has been recognised as â€œTrading Houseâ€ by the office of Zonal Joint Director General of Foreign Trade, Ministry of Commerce and Industry, Government of India.
2010 - The company has been certified as â€œISO 9001: 2008â€ by Bureau Veritas Certification (India) Private Limited for the companyâ€™s Registered Office and units situated at Taloja and Tarapur.
2010 - The company has been accorded â€œGold Awardâ€ under the Large Scale Sector, Chemicals Panel, for outstanding export performance for the year 2007 - 2008 by CHEMEXCIL.
2010 - The company has been accorded â€œLong Term Associationâ€ Award by Hindustan Unilever Limited (HUL) in the Oils and Chemicals Category.