Originally posted by koolvalue Not only that nanotechnology applications in solar molecules will really question the way power is prodused presently.BASF is one of the pioneer in this field. Engineering plastics are really replacing metals in most applications in a big way.

BASF India sells many applications products of chemicals .I think one of the areas include  engineering plastics , which is also contributing revenues . Regarding nanotechnology  applications , they have mentioned in one of their ARs that they would be launching . Such investments will be fully realizable after 3 to 5 years .

But one thing I found out that BASF Germany has 100% subsidiary in India along with BASF India . But it is not reflected in BASF India 's balance sheet .You need to figure out whether the above mentioned applications like nanotechnology are managed through this 100% subsidiary. 

 


Edited by smarar - 21/Aug/2011 at 11:18pm

AGM      
          BASF India
Parent has no plans to delist the Indian subsidiary


BASF India held its AGM on 26th Aug'11 and was addressed by Mr. Prasad Chandran, CMD

Key highlights
During FY'11, the company merged 3 BASF entities namely BASF Coatings Pvt Ltd, BASF Construction Chem Pvt ltd and BASF Polyurethanes India.
BASF SE, the Parent globally acquired Cognis holding which also has an operation in India. The Indian operation of Cognis has turnover of about Rs 50 crore and has been successfully merged with BASF India from July'11 onwards,
During FY'11, the sales for Agriculture Solution business of the company grew due to higher sales volume of newer products. However margins were affected due to higher sales promotion costs for launching new products whose advantage would continue to occur in future as well.
The performance product business which caters to textile, leather, personal care, paper, refinery and dispersions and pigment industry did well in sales terms in FY'11. However there were significant margin pressure due to higher raw material costs and general sales and marketing costs affecting the margins. Leather chemical business witnessed slowdown during FY'11 due to stringent pollution norms, scarcity of raw material costs etc but the outlook remains positive for FY'12. The textile chemical business after having performed very well in FY'11 is facing challenges in terms of closure of units at Tirupur and other Taxation issues resulting in outlook for the segment to be challenging. The personal care chemical business and Nutrition health business will be aided by new products from Cognis and the outlook remains positive. Paper chemical industry performed well in FY'11 and so is the refinery chemical business and the outlook remains optimistic but higher raw material costs is a worry. If crude prices ease off and the general inflation comes down then the margins can improve.
Plastic business comprising of Expandable Polystyrene, Performance Polymers and Polyurethanes did well during FY'11 due to strong growth in consumer durables, consumer electronics and home appliances. BASF commissioned local manufacturing of some of the polymers at its Navi Mumbai factory. Outlook remains optimistic for FY'12.
BASF India has clearly stated that the Parent BASF SE has no plans to delist BASF India and any new products to be introduced by the Parent in India will be introduced only through this Indian subsidiary.
BASF India pays around 0.5% to 4% of sales on some products as Royalty expense to parent and it totally depends upon the product and when introduced. The Parent globally spends a heavy amount on R&D and thus charges the Royalty. For CY'12, the Parent has plans of capex of about 1.5 billion Euro on R&D.
BASF India capex for FY'11 was about Rs 30 crore and about Rs 30-50 crore is planned for FY'12.

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