We take immense pleasure by sharing with you about the performance of your company andpresent
the Annual Report for the financial year 2017-18.
We would like to state that your company is progressing to achieve new milestones inits journey towards growth through total excellence. Bohra Industries Limited has pursuedbusiness excellence through passion and its expansion projects have successfully therebyimproved its cost competitiveness and profitability.
Your company is engaged in the manufacturing of Chemical Fertilizers viz. Single SuperPhosphate Granulated Single Super Phosphate Triple Super Phosphate Food gradePhosphoric Acid Nitrogen Phosphorus Potassium(NPK) fertilizers. Over the years we believethat we have established a strong customer base and good marketing setup.
As your Company believes that higher the Customer satisfaction higher will be theCompanys Success. Following this vision the Marketing Department of the Companyendeavors to reach the wider range of Customers and satisfy their wants by providing bestquality products and services. Further our group has sufficient marketing expertise andwide marketing network which is and would be channeled for our business and futureexpansion if any. We have dedicated divisions for marketing different types of productsand for different geographical locations. The sales division and export division areresponsible for marketing of our products. All the divisions have well trained andadequate teams to handle daily activities and are supervised regularly.
We would like to assure that we will continuously seek opportunities and make our bestefforts to
contribute towards the growth and success of the organization.
We extend our sincere appreciation to our colleagues on the board for their wise andmatured counsel for the smooth functioning of the company. We would like to express ourprofound gratitude to all our stakeholders our customers business associates employeesbankers vendors and shareholders who have reposed their trust in us and given us constantsupport.
With warm regards
Hemant Kumar Bohra
Chairman & Managing Director
Chairman & Managing Director's Message
Dear Shareholders 2017-18 was a milestone year for the company when it got listed onthe SME platform of National Stock Exchange on April 05 2017. After running the businessfor over several years the company has share the fruits of its success with the public atlarge. Getting publicly listed has opened a new chapter in the life of the company withnew opportunities and new challenges ahead.
This year has been a dynamic one for India it was really a challenging one for Indiaamidst global crisis and the Indian economy has held its ground firmly due to itsinherent strengths and the policies of the Government. This year various Economic Reformspolicies and Tax reforms were introduced like Goods and Service Tax Pradhan Mantri SahajBijli Har Ghar Yojana Sankalp se Siddhi etc which shaped the global image of ourcountry . The World Economic Forum has said that Indias growth isextraordinarily high and currently India has emerged as the fastest growingmajor economy in the world. This one nation one tax initiative has brightenthe hope of simplifying Indias tax structure broaden the tax base and create acommon market across states and is further expected to bring tremendous benefits to thegovernment to the business and to the consumers.
Indias friendly relations with various nations provide strength and power tofight with various economic crisis like poverty unemployment lack of utilization ofenriched resources available with the country unavailability of high profiled Arms andAmmunitions Artificial Intelligence etc.. We believe a strong relation with the othernations will act as the "backbone" of our country.
FERTILIZER INDUSTRY :
It is heartening to see Agriculture sector returning to higher growth numbers aspolicy push and near normal monsoons boosted sowings and consequent consumption.Agriculture being the mainstay of Indian society closely drives the fortunes of aroundhalf a billion livelihood. As we stand today the Urban-Rural economic divide though lessdistant is still evident. Governments ambitious target towards doubling the farmerincome by 2022 is a positive step forward and Bohra Industries Limited firmly believe andpractice this vision of enhancing prosperity of our farmers. We constantly endeavour andpartner towards driving the agrarian shift from subsistence to commercial nature offarming.
INITIATIVES BY OUR COMPANY:
We are the First Company to introduce multicolored speciality Packaging of BOPPlaminated woven bags in place of ordinary HDPE sac which retains moisture.
We have entered into marketing tie up with large marketers like Rashtriya Chemicals andFertilizers Limited etc in seventeen states across the country. We have been selected byThe Government of Maharashtra for setting up our Unit possessing the capacity of twolakh M.T. of SSP and One lakh tons of Sulphuric Acid. We are in process to introduce twomore products in addition to the existing products i.e Single Super Phosphate Boronated(Powder/Granulated) and Zincated Single Super Phosphate (Powder/Granulated).During thefiscal year 2017-18 total Revenue generation is of Rs. 1254201000 as compared to previousyear figures Rs.1015020000. The Company is continuously improving its fertilizer productsby use of state of art technology to help farming community.
Lastly I wish to thank the shareholders for showing their undeterred support businessassociates for allying through our journey and employees for being Companys growthengine .While the public listing opens up opportunities for us to take the business to newheights it also adds additional challenges for the Company to meet increased expectationsfrom all our stakeholders. We have laid strong foundations over the previous years and weare confident of meeting and exceeding the expectations. We believe we have a compellingstory and we look forward with great passion to the future creating greater value for ourshareholders.