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ANNUAL REPORT 2018 - 2019

chemical industry is the 3rd largest producer in Asia and 6th in the World. Favorable demographics and strong
economic growth are driving demand for chemicals.External demand and specialty chemicals have also contributed
strongly to the growth of the industry.From 2014 - 2015,India’s chemical industry was valued at US$137 billion,with
overall chemical and chemical product sales of US$147 billion. Bulk chemicals, petrochemicals, and specialty
chemicalsaccountedfor65%oftotalsales.
Despite its apparently large size and significant contribution to gross domestic product (GDP), the Indian chemical
industry accounts for 3% of the worldwide chemical market, valued at US$4.3 trillion. Excluding pharmaceutical
products,itranks14thinchemicalexportsand8th inimports.
India’s chemical industry accounts for about 10% of the country’s manufactured exports.This has remained relatively
constant over the last four years.While the overall Indian chemical industry has grown 10–12% annually,the specialty
chemicalsbusinesshasgrownatabout14%.

COMPANY’SOPERATIONALPERFORMANCE :
During the year under review, the Total Revenue of the Company has increased by 35.12% to 45,848.74 Lakhs as` /-
comparedto 33,930.64/-Lakhs.TheCompany’sProfitafterTaxremainedstableat 1727.99 Lakhs.TheChartdepicts` ` /-
theexportsaleascomparedtototalsalesoftheCompanyoverlast3years.

SALES & EXPORT PERFORMANCE ( in Lakhs)`

50000 Sales
45848.74
Exports
40000
33319.67 32077.07
30000

20000 19334.74
11035.49 11982.85
10000

0
2018-19 2017-18 2016-17

PRODUCTWISE PERFORMANCE :
During the year under review, the Alkyl Alkonolamines and Morpholine Derivatives continue to be the major
contributor in the Company’s total turnover. Alkyl Alkonolamines has higher demand from local market whereas,
Morpholine Derivatives has been more in demand in the international market.On an aggregate,Alkyl Alknolamines
contributes around 70 % of the total turnover, whereas Morpholine Derivatives contribute around 2 % to the Total0
turnover.Boththeseproductshavedifferentvariantsbasedontheirutilityandcomposition.
Duringtheyearunderreview,theQuantativesalesofAlkylAlkolnamineshasregisteredanincreaseandtherealization
was also better as compared to previous year.The Company’s product Alkyl Alkolamines registered major increase in
demand from the Domestic Markets and on the other hand the Company has developed new consumers for
Morpholine Derivatives in the International Market resulting in quantitative and value increase in the exports sales.
Theoilfieldchemicalswerewellacceptedintheinternationalmarketregisteringanincreaseinthequantitativesales.

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MANAGEMENT DISCUSSION AND ANALYSIS