Trust all is well !
With the new stable Central Government in place I am sure that the overall confidenceand the positive perception for our nation in the mindset of people at large will getrejuvenated. I am confident that with pragmatic Government in centre there will be seriesof proactive economic measures and pronouncements which will put the economy back on thepath of progressive growth and development. I am optimist about the overall vibrantindustrial development scenario and hence the sentiments are bound to improve in times tocome.
We at Adi Finechem have always focused on optimizing the use of natural products bynurturing the nature & environment for achieving dynamic natural growth. The companywork culture and operations are based on the strong core values of transparency ethical& moral practices dedication persistency and integrity. On these strong principlesof best corporate governance practices I would like to ensure that all stakeholders ofthe Adi Finechem family benefitfrom its growth and contribute in nation building.
Your company performed well in the challenging global economic scenario. Yourcompanys initiative such as capacity expansion maintaining optimum utilizationlevel of plant and improved product mix has helped the company in creating a platform fora sustainable value creation in the future.
The year 2013-14 has been a very satisfying year for the company. In terms offinancials total income of the company grew 23% EBITDA grew by 90% and net profit grewby 123%.
During the year 2013-14 your company increased its manufacturing capacity from 18000M.T. p.a. to 25000 M.T. p.a. Going ahead your company plans to increase itsmanufacturing capacity from 25000 M.T. p.a. to 45000 p.a. by the end of the financialyear 2014-15.
In consonance with companys consistent policy it has recommended dividend ofRs.1.50 per equity share and also issuance of Bonus Share of Rs.10/- each in the ratio of1 equity share for every 10 equity shares subject to approval at its Annual GeneralMeeting.
Though next two years seems to be testing time for tocopherols business globally thelong term prospect of your company looks to be encouraging. We would continue to focus onour core competencies and have a mission to become the most valuable admired andprominent company for our product range in India and globally.
I would like to take this opportunity to appreciate all the members of Adi Finechemteam for their tireless efforts and dedication and also all our stakeholders withoutwhose support we would not have achieved our exceptional performance.