It is to be noted that low Soyabean output since the last two years has been one of the major reasons for the current depleted fundamentals of the company (apart from the GDR fiasco).
Meanwhile, Rasoya Proteins Limited, which has a debt of over Rs.100 crore, had been classified as a NPA this April (2015) by a consortium of Banks, led by State Bank of India (SBI)--Bank of Baroda (BoB) is also having a share in the loan. However, during the last quarter, the company duly lodged Insurance Claim of Rs.34 Cr with the insurer towards Soyabean Stock Destroyed/Damaged due to fire which is yet to be realized.
During the June 2015, the company came out with a slightly better standalone results, speaking sequentially.
The main activity of the company--Solvent extraction has not been carried out during the entire June, 2015 quarter due to non availability of Agro based Raw Materials, Soyabean Seed. As a consequence the Refinery and Captive Power Plant operation remained closed during that period. However, the plants for Value added products, viz. Fish Feed and Powder Lecithin are in operation.
The company's full Product Range Includes:
- Soya Flakes / Grits :- Soya DOC, Soya Hi-pro DOC, Soya Full Fat Soya DOC / Meal - Enzyme active, Soya Grits Untoasted, Soya Flakes - Toasted - Food grade, Flakes MPDI, Full Fat Grits,
- Soya Flour - Toasted / Untoasted, Food grade / Feed Grade, Hi-pro flour,
- Soya Lecithin : Liquid and Powder,
- Soya Textured Protein,
- Soya Refined Oil,
- Fish Feed.
- Cert ID NON GMO certificate,
- Kosher certificate,
- ISO 22000:2005.