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ANNUAL REPORT 2018 - 2019

by the Management and approved by the Audit Committee and the Board.These Accounting Policies are reviewed
from time to time.Internal Audit plays a key role in providing assurance to the Board of Directors.In order to maintain
its objectivity and independence,the Internal Auditor reports to the Chairman of the Audit Committee.The Internal
Auditor monitors & evaluates the efficacy of Internal Financial Control system in the Company, its compliance with
operating system,accounting procedures & policies at all the locations of the Company.Based on their report of the
Internal Audit function, corrective actions in the respective area are undertaken and controls are strengthened.
Internal Financial Control Audit has also been undertaken by the Statutory Auditor M/s BDG&Associates,Chartered
Accountants,Mumbai.For the year ended 31st March,2019,the Board is of the opinion that the Company has sound
InternalFinancialControlscommensuratewiththenatureandsizeofitsbusinessoperations.

CREDITRATING :
During the year under review,the Company has obtained Credit Rating from ICRA Ltd.ICRA has assigned ICRA BBB+
(pronouncedICRAtripleBplus)with‘PositiveOutlook’forlongtermcreditfacilitiesavailedbytheCompanyand[ICRA]
A2 (pronounced ICRA A two) for the short term rating.As far as rating from Brickworks is concerned,the Management
has decided to discontinue their ratings at the end of their rating period in view of better rating obtained from ICRA
andcostsaving.

ISOCERTIFICATION :

The Company has an ISO 9001:2015 certification which is valid up to 11th January,2021.Periodic Audit conducted by
DetNorskeVeritas(DNV-GL)issuccessfulforcontinuationofthecertification.ThefocusofQMS(QualityManagement
System)isoncontinualimprovementbyimplementingthestrategictoolsforbusinesstogaincompetitiveadvantage
through products and services that are safe, reliable and trustworthy. Besides this, understanding the needs and
expectations of Interested Parties helps to find ways to improve the quality of products and services offered to
increasecustomersatisfactionandreducebusinessrisks.

Besides QMS (Quality Management System), APL has Environmental Management System (EMS) and Occupational
Health & Safety (OH&S) certifications. The recertification audit as per ISO 14001- 2015 standard conducted by Det
NorskeVeritas(DNV-GL)issuccessfulandISO14001:2015certificationisvalidupto08thApril,2022.ISOhasintroduced
new standard for OH&S in 2018.APL has successfully implemented the new standard ISO 45001:2018 and cleared the
auditconductedbyDetNorskeVeritas(DNV-GL).
ISO 14001:2015 (Environmental Management System) Certification relates to conservation of natural resources
resulting in maintaining clean environment,safe work place,safe operations,commitment to compliance and healthy
atmosphere.Determination of Life Cycle Perspective is a new concept incorporated in the EMS.As such,the Company
iscommittedtoensureminimumimpacttoenvironmentthroughitsoperations.
ISO 45001:2018 (Occupational Health and Safety Management System) Certification gives guidance for its use to
enable to provide safe and healthy workplaces by preventing work-related injury and ill health as well as by
proactively improving its Occupational Health & Safety performance.Various measures have been taken by APL in
ordertoensurecomplianceinitstruespirit.

INSURANCE :

All properties and insurable interest of the Company including buildings,plant and machineries, quipments,storese
andspareshavebeenadequatelyinsured.

INDUSTRIALRELATIONS :

Theindustrialrelationsremainedcordialduringtheyearunderreview.

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BOARDS REPORT