Dear Shareholders It is my honor and privilege to interact with you as the Chairman ofthe Board at Agro Phos (India) Limited.
First of all I wished you all a safe and healthy Life ahead your company is alwaysstands for the help of our stakeholders in this toughest time.
The entire world including our country was witnessed this year to the biggest disasterever in the nature of Second Wave of COVID-19 Pandemic which considered more dangerousthan previous one and ruined the life of many human beings and economy of the manycountries across the world many of our near and dear once have lost their lives andlivelihood and many of small children's were orphan now as in this toughest time we allshould stands for the help of the needy persons and do support to our country in everypossible manner.
As like previous year your company also in this year honestly take care of ouremployees and staff and many others whose livelihood is depending on the company and weare continuously taking steps to ensure better health and safety of our employee staffand visitors as we are having proper sanitization system at plant premise andadministrative office with availability of face masks working arrangement as per socialdistancing norms work with limited force at office and followed govt. guidelines ascirculated from time to time.
I am also very happy to say that in this toughest time and even after many hurdles andobstacles our company was received fantastic support and guidance of top level managementand senior executive and immense hard work by ground level staff which made company'sperformance better as like previous years however due to lockdowns in various districtsof Madhya Pradesh Maharashtra and Chattisgarh the sale of company's product was slightlyaffected but irrespective of the sale your company is earned profit this year.
Your Company has recorded total revenue of Rs. 60.22 Cr. for the year 20 20 -21 ascompared with Rs. 70.05 Cr. for the last year 2019-20 while PAT of company in this yearwas Rs. 3.23 Cr. as compared to Rs. 3.73 Cr. in Previous Year comparatively the overallexpenses of company also reduce this year to as reflected in the last year.
Your company in the last month of F.Y. 2020 -21 have taken a great initiative in theform of marketing agreement with Indian Potash Limited " IPL" for our productsNPK (Granulated) pursuant to whichour product is being sold both on whole sale and Retailsbasis under the Brand Name as "Swaraj" through the Marketing channel of IPL inthe state ofMadhya Pradesh and Chhattisgarh over the financial year 2021-22 andaccordingly during the first quarter of current financial year we have seen a positiveresult on the said initiative and received a tremendous response from customers andfarmers and recorded a bumper sale of our NPK product in the same way we are alsoexpecting positive hike in demands of NPK and increased sales in future.
As per the study of previous years statics we observed that in India the demand of thefertilizers was always higher than it's productions which creates a long lastingopportunity for fertilizers manufacturers or scope in the field of fertilizers businessand your company is striving toward grab this opportunity in Market.
At the last I wish to thank the shareholders for showing their undeterred supportbusiness associates for allying through our journey and employees for being Company'sgrowth engine. We have laid strong foundations over the previous years and we areconfident of meeting and exceeding the expectations. We believe we have a compelling storyand we look forward with great passion to the future creating greater value for ourshareholders.
|Wish you all a healthy and safe life ahead. |
|With Warm Regards |
|Raj Kumar Gupta |