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Chemiesynth (Vapi) Ltd.

BSE: 539230 Sector: Industrials
NSE: N.A. ISIN Code: INE829R01018
BSE 05:30 | 01 Jan Chemiesynth (Vapi) Ltd
NSE 05:30 | 01 Jan Chemiesynth (Vapi) Ltd

Chemiesynth (Vapi) Ltd. (CHEMIESYNTHVAPI) - Director Report

Company director report

Dear Shareholders

Your Directors present the 31st Annual Report and Audited Financial Statements of thecompany for the year ended 31st March 2017. Your company is focusing on its core strengthand putting its efforts to improve its financial position.

FINANCIAL RESULTS

During the year under review the financial results on the operations of the Companyare as under:

(Amount in Rupees)
Particulars: This Year (2016-17) Previous Year (2015-16)
Gross Income 33641870 51457389
Profit /(Loss) before Depreciation (199) (3418236)
Less : Depreciation (1777704) (2019628)
Profit (Loss) before Tax (1777903) (5437864)
Less Provision for Tax : Current Tax
: Deferred Tax
Profit (Loss) for the year (1777903) (5437864)

DIVIDEND

In view of the loss incurred by the Company during the financial year Directors regrettheir inability to recommend any dividend to the shareholders for the year.

DEPOSITS :

The Company has not accepted any public deposits under chapter V of the Companies Act2013.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS AND OUTGO:

The company accords high priority to control environment and conservation of energywhich is an on going process. The Company has planted trees to control and maintainenvironment surrounding of the factory. As required by the provisions of Section 134(3)(m)of the Companies Act 2013 read with Companies (Accounts) Rules 2014 are given inseparate statement attached here to and forming part of the report (Annexure B).

SAFETY AND HEALTH

The Company gives highest priority to safety and occupational health. The workersofficers and other staff members of the Company are given training from time to time todeal with any safety and health related emergency situations. The factory buildingsmachineries and intellectual information properties are maintained in safe condition.Process operations and handling of chemicals at the factory are reviewed frequently forsafety. Adequate safety equipments are given to workers for safe guard.

PARTICULARS OF EMPLOYEES

Pursuant to the Companies (Appointment and Remuneration of Managerial Personnel) Rules2014 statement of particulars of employees is annexed. (Annexure C).

AUDITORS:

M/s. Manoj Shah & Co Chartered Accountants statutory auditors was appointed at29th Annual General Meeting for the term of two year and his appointment expires at the31st Annual General Meeting. The Audit Committee of the Company has recommended M/s. MilinJ. Jani & Co. Chartered Accountants (Firm No.: 106396W) for the office of StatutoryAuditors. The Board of Directors of the company pursuant to Section 139 of the CompaniesAct 2013 propose to the shareholders to approve the appointment of M/s. Milin J. Jani& Co. Chartered Accountant for the office of Auditors for the term of Five (5) yearsfrom this AGM till the conclusion of 36th AGM.

ANNUAL EVALUATION BY THE BOARD OF ITS OWN PERFORMANCE ITS COMMITTEES AND INDIVIDUALDIRECTORS

The Board of Directors of the Company has initiated and put in place evaluation of itsown performance its committees and individual directors. The Board of Directors isfurther making efforts to enhance the performance.

PARTICULARS OF LOANS INVESTMENTS AND GURANTEES UNDER SECTION 186 OF THE COMPANIES ACT2013

The company has not given any loan or guarantee nor made any investment under section186 of the Companies Act 2013.

DECLARATION OF INDEPENDENCE BY THE INDEPENDENT DIRECTORS

Pursuant to Section 149(6) of the Companies Act 2013 Independent Directors of theCompany have made a declaration confirming the compliance of the conditions of theindependence stipulated in the aforesaid section.

RISK MANAGEMENT POLICY/ COMMITTEE

The Management evaluated various risks and that there is no element of risk identifiedthat may threaten the existence of the Company.

EXTRACT OF ANNUAL RETURN

Pursuant to Section 134(3)(a) of the Companies Act 2013 read with Rule 12(1) of theCompanies (Management and Administration) Rules 2014 the extract of annual return (MGT-9)is annexed herewith and forming part of the report. (Annexure D).

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirements of Section 134(3) (c) of the Companies Act 2013 and alsoon the basis of discussions with the Statutory Auditors of the Company from time to timewe state that: (a) in the preparation of the annual accounts the applicable accountingstandards had been followed along with proper explanation relating to material departures;(b) the directors had selected such accounting policies and applied them consistently andmade judgments and estimates that are reasonable and prudent so as to give a true and fairview of the state of affairs of the company at the end of the financial year and of theprofit and loss of the company for that period; (c) the directors had taken proper andsufficient care for the maintenance of adequate accounting records in accordance with theprovisions of this Act for safeguarding the assets of the company and for preventing anddetecting fraud and other irregularities; (d) the directors had prepared the annualaccounts on a going concern basis; and (e) the directors had laid down internal financialcontrols to be followed by the company and that such internal financial controls areadequate and were operating effectively; and (f) the directors had devised proper systemsto ensure compliance with the provisions of all applicable laws and that such systems wereadequate and operating effectively.

NUMBER OF MEETINGS OF BOARD OF DIRECTORS

The Board of directors have met 7 times and Independent Directors once during the yearended 31st March 2017. Meetings of Board of Directors held during financial year 2016-17are as follows:

1 15th April 2016
2 28th May 2016
3 12th August 2016
4 26th August. 2016
5 11th November 2016
6 13th February 2017
7 11th March 2017

The Board as on 31st March 2017 comprises of five Directors out of which fourDirectors are Non-Executive Directors and one Director is Managing Director who isresponsible for the day-to-day management of the Company subject to the supervisiondirection and control of the Board of Directors. The Chairman of the Company isNon-Executive Director. The remaining Two Directors are Independent Directors comprises40% of the total strength of the Board. Detail of attendance at Board Meeting is asfollows:

Name of Director No. of Board Meetings held during financial year 2016-17 No. of Board Meetings attended Number of Membership in Boards of Other Companies* NO. of Membership/ Chairmanship in Other Companies*
Mr. Satish B. Zaveri 7 6 NIL NIL
Mr. Sandip S. Zaveri 7 6 NIL NIL
Mr. Bhanurai N. Mehta 7 5 NIL NIL
Mr. Minesh Jayshukhlal Shah 7 7 NIL NIL
Mr. Rushabh Mehta 7 7 NIL NIL

*Excludes directorships in Private Limited Companies Section 25 Companies ForeignCompanies. Membership/Chairmanship in Committee of Directors includes Audit Committee andStakeholders' Relationship/Grievance Committee of Directors only. This does not includeMembership/Chairmanship in Committee of Directors of Chemiesynth (Vapi) Limited.

All directors were present on 30th AGM held on 26th September 2016.

DETAILS OF COMMITTEE OF DIRECTORS (AS ON 31ST MARCH 2017)

A. AUDIT COMMITTEE

The composition of Audit Committee consists of two independent directors and a ManagingDirector.

The terms of reference stipulated by the Board to the Audit Committee are as per theCompanies Act 2013 and SEBI (LODR) Regulations 2015. Attendance of Committee membersduring 2016-17 is as follows:

Name Chairman/ Member No. of Audit committee meetings No. of Audit Committee meetings attended
Mr. Minesh J. Shah (Independent Director) Chairman 5 5
Mr. Rushabh Mehta (Independent Director) Member 5 5
Mr. Sandip Zaver (Managing Director) Member 5 4

Audit Committee meeting were held 5 times on the following dates during the year2016-17:

28th May 2016 12th August 2016 26th August 2016 11th November 2016 and 13thFebruary 2017. The recommendation by the Audit committee as and whenever made to Boardhas been accepted by it.

B. NOMINATION AND REMUNERATION COMMITTEE

Composition of Nomination and Remuneration Committee:

Mr. Rushabh Mehta - Chairman
Mr. Minesh Shah - Member
Mr. Bhanurai Mehta - Member

During the financial year 2016-17 Nomination and Remuneration Committee met two times.The meetings were held on 28th May. 2016 and 26th August 2016. All committee members werepresent at both meeting except Mr. Bhanurai Mehta was absent in Nomination andRemuneration Committee meeting dated 26/08/2016.

C. SHAREHOLDER/INVESTORS GRIEVANCE COMMITTEE

Composition of Shareholder/Investors Grievance Committee is as under:

Mr. Rushabh Mehta (Independent Director) - Chairman
Mr Minesh J. Shah (Independent Director) - Member
Mr. Sandip Zaveri (Director) - Member

 

Compliance Officer: Mr. Bhupendra N. Hatkar
Email: bhupenhatkar@gmail.com
bhupenchemiesynth@gmail.com
Contact No. : +91 9033 490 471

 

Number of shareholders' complaints received : NIL
Number not solved to the satisfaction of shareholders : NIL
Number of pending complaints : NIL

D. SHARE TRANSFER COMMITTEE

The Board of Dirctors in its meeting dated 28th May 2016 had consituted Share transfercommittee for approving transfer request received from Registrar & Share TransferAgent. Composition of the committee is as follows:

A. Sandip S. Zaveri - Chairman
B. Satish B. Zaveri - Member
C. Bhanurai N. Mehta - Member

Share transfer committee met three times in FY 2016-17 and all members were present inthe meeting.

PARTICULARS OF CONTRACT OR ARRANGEMENT WITH RELATED PARTY

The company has sold various finished products and/or intermediate products inordinary course of business at ARM LENGTH PRICE to related parties in which directors areinterested. Further some of machineries from time to time were sold to related partyduring the financial year 2016-17 at current market price and after proper valuation ofmachineries. The board of directors has approved the transactions from time to time. (Listof transactions is attached. (Annexure E))

SECRETARIAL AUDIT REPORT

A Secretarial Audit Report for the year ended 31st March 2017 in prescribed form dulyaudited by the Practising Company Secretary Mr. Nitin Sarfare Partner of M/s. HSAssociates Company Secretaries 206 2nd Floor Tantia & Jogani Industrial premisesSitaram Mills Compound J. L. Boricha Marg Opp. Lodha Excelus Lower Parel [E] Mumbai -400 011 is annexed herewith and forming part of the report.

COMMENTS ON SECRETARIAL AUDIT REPORT

The board of directors are in process of appointment of Internal Auditor and willcomply with section 138 of the Companies Act 2013. Further company has appointed Womandirector with effect from 26 May 2017. Dematerialisation of the promoters shareholdingare in process. Other remarks of the Secretarial Auditor is self-explanatory.

CORPORATE SOCIAL RESPONSIBILITY POLICY

The company is not falling within the criteria of Section 135 of the Companies Act2013. Board of Directors will formulate the policy once it comes within the provisions ofSection 135 of the Companies Act 2013.

KEY MANAGERIAL PERSONNEL

There is no change in Key Managerial Personnel of the Company. The following is list ofKey Managerial Personnel of the company.

Mr. Sandip Satish Zaveri - Managing Director
Mr. Parimal A. Desai - Chief Financial Officer
Mr. Bhupendra N. Hatkar - Company Secretary

DIRECTORS

There were no changes in the composition of the board of directors during the year.

POLICY ON DIRECTORS' APPOINTMENT

Policy on Directors' appointment is to follow the criteria as laid down under theCompanies Act 2013 and the Listing Agreement with Stock Exchanges and good corporatepractices. Emphasis is given to persons from diverse fields or professions.

POLICY ON REMUNERATION

Guiding Policy on remuneration of Directors Key Managerial Personnel and employees ofthe Company is that Remuneration to unionised workmen is based on the periodicalsettlement with the workmen union. Remuneration to Key Managerial Personnel SeniorExecutives Managers Staff and Workmen (non Unionised) is industry driven in which it isoperating taking into account the performance leverage and factors such as to attract andretain quality talent. For Directors it is based on the shareholders resolutionsprovisions of the Companies Act 2013 and Rules framed therein circulars and guidelinesissued by Central Government and other authorities from time to time.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company has put in place a Whistle Blower Policy to provide an open and transparentworking environment and to promote responsible and secure whistle blowing system fordirectors and employees of the Company to raise concern. The Policy provides adequatesafeguard against victimisation of director(s) / employee(s) who raise the concern andhave access to Chairman of Audit Committee who is entrusted to oversee the whistle blowermechanism. The Policy is available on the website of the Companyhttp://www.chemiesynth.com.

POLICIES OF THE COMPANY

The Board of Directors has formulated the following policies which are available on website of the company http://www.chemiesynth.com.

1. Code Of Business Conduct For Directors And Senior Executives

2. Nomination and Remuneration Policy

3. Vigil Mechanism / Whistle Blower Policy

4. Insider Trading - Code of Conduct

5. Code of Fair Disclosure CSL

6. Preservation of Documents and Archival Policy

7. Policy on Determination of Materiality of Events/Information

SUBSIDIARIES AND ASSOCIATE COMPANY'S

As on 31st March 2017 Company has no subsidiaries and associate companies.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management's Discussion and Analysis Report for the year under review is annexed tothis report (Annexure F).

CORPORATE GOVERNANCE

The company falls under the criteria 15(2) (a) of the Listing Obligations &Disclosure requirements (LODR) Regulations 2015 as the Paid up capital of the company wasbelow Rs. 10 Crores and net worth was below Rs. 25 Crores as on the last day of theprevious financial year. Hence compliance with Corporate Governance provisions as perListing Obligations & Disclosure requirements (LODR) Regulations 2015 are notapplicable to company.

ACKNOWLEDGEMENT

Your Directors wish to place on record their appreciation for the whole hearted andsincere co-operation the Company has received from its banker Bank of Baroda and variousGovernment agencies. Your Directors also wish to thank all the employees for theirco-operation.

For and on behalf of the Board of Director
Place: Vapi Sd/- Sd/-
Date: 28th August 2017 Mr. Sandip S. Zaveri Mr. Satish B. Zaveri
Managing Director Director
DIN: 00158876 DIN: 00158861

Annexure. A

Detail of All Directors including those seeking Appointment/Re-appointment at theAnnual General Meeting.

1. Mr. Satish Bhogilal Zaveri.

Date of Birth Date of Appointment Qualification DIN Number of Shares held in the Company
25/04/1938 24/04/1986 B.E. (Chemical Engineering) 00158861 1094760
Directorship Held in other companies (excluding foreign companies) Membership/Chairmanship of committees of other company
1. CS Specialty Chemicals Private Limited NIL
2. CS Performance Chemicals Private Limited

Expertise in specific functional areas:

He has more than 47 years experience in chemical industry as a technocrat entrepreneur.With the experience earned in the varied areas of business activities and strategicplanning Mr. Satish Bhogilal Zaveri developed using commercially viable business modelsto stimulate and sustain the social change in the Company.

2. Mr. Sandip Satishbhai Zaveri

Date of Birth Date of Appointment Qualification DIN Number of Shares held in the Company
07/11/1969 30/06/2001 BE MS Chemical Engineering 00158876 360500
Directorship Held in other companies (excluding foreign companies) Membership/Chairmanship of committees of other company
1. CS Bio - Sciences Private Limited NIL
2. CS Specialty Chemicals Private Limited
3. CS Performance Chemicals Private Limited

Expertise in specific functional areas:

He has more than 20 years experience in chemical industry as a technocrat entrepreneur.With his experience in the business activities and strategic planning he is helpful indecision taking in the business of the Company.

3. Mr. Bhanurai Nagindas Mehta

Date of Birth Date of Appointment Qualification DIN Number of Shares held in the Company
12/10/1937 02/11/1994 Automobile Engineer 00158885 242500
Directorship Held in other companies (excluding foreign companies) Membership/Chairmanship of committees of other company
1. CS Specialty Chemicals Private Limited NIL
2. Solid Quality India Private Limited

Expertise in specific functional areas:

He has more than 42 years experience in insurance industry as Surveyor and investor.His views and suggestions are quite helpful in the business activities and decision makingin the company.

4. Mr. Minesh Jayshukhlal Shah

Date of Birth Date of Appointment Qualification DIN Number of Shares held in the Company
06/08/1970 01/11/2014 BE Chemical Engineer 00236300 NIL
Directorship Held in other companies (excluding foreign companies) Membership/Chairmanship of committees of other company
1. Solarson Chemicals Taloja Private Limited NIL

Expertise in specific functional areas:

He has expert knowledge in chemical industry.

5. Mr. Rushabh Mehta

Date of Birth Date of Appointme nt Qualification DIN Number of Shares held in the Company
18/11/1968 01/11/2014 B.Com 00784327 NIL
Directorship Held in other companies (excluding foreign companies) Membership/Chairmanship of committees of other company
1. Felicity Exports Private Limited NIL
2. Royal House Agency Private Limited

Expertise in specific functional areas:

He has expert knowedge in Current market affairs of Real Estate.

6. Ms. Dhara Narottambhai Thacker

Date of Birth Date of Appointment Qualification DIN Number of Shares held in the Company
04/11/1989 26/05/2017 Chartered Accountant 07803293 NIL
Directorship Held in other companies (excluding foreign companies) Membership/Chairmanship of committees of other company
NIL NIL

Expertise in specific functional areas:

She is Chartered Accountact and having depth knowledge of financial statements andlaws. Her expertise in accounting field and her knowledge in regulatory area will help theboard to take sound decision.

Other Information: No remuneration is paid to any director.

ANNEXURE B

Information on conservation of Energy Technology Absorption and Foreign ExchangeEarning and Outgo pursuant to section 134(3)(m) of the Companies Act 2013 read with Rule8 of the Companies (Accounts) Rules 2014. (A) Conservation of energy-

(i) Steps taken or impact on conservation of energy; a) Improving Natural Light byopening Windows studying illumination of tube lights by CFL lamps etc. b) Maintaining oldmachinery in good condition retrofitting or replacing with energy efficient ones. c)Minimising idle running of machinery.

The above measures undertaken have resulted in savings in the cost of production. (ii)Utilising alternate sources of energy: NIL

(iii) Capital investment on energy conservation equipments: NIL

(B) Technology absorption-

(i) Efforts made towards technology absorption: NIL

(ii) Benefits derived like product improvement cost reduction product development orimport substitution: NIL (iii) Imported technology (imported during the last three yearsreckoned from the beginning of the financial year)- NIL

(iv) The expenditure incurred on Research and Development: NIL

(C) FOREIGN EXCHANGE EARNINGS AND OUTGO:

Foreign Exchange Earning NIL
Foreign Exchange Outgo Rs. 715123/-

Annexure. C

DISCLOSURE IN THE BOARD'S REPORT UNDER RULE 5 OF COMPANIES (APPOINTMENT &REMUNERATION OF MANAGERIAL PERSONNEL) RULES 2014

1 The Ratio of the remuneration of each director to the median remuneration of the employees of the company for the financial year 2015-16 Director's Name Ratio to mean remuneration
Mr. Sandip Zaveri 0 : 1
2 The Percentage increase in remuneration of each Director Chief Financial Officer Chief Executive Officer Company Secretary or Manager if any in the financial year 2016-17 compared to 2015-16. Director's/CFO/CEO/CS/ Mgr name % age increase in remuneration
Mr. Sandip Zaveri NIL
Mr. Parimal Desai 15.78 %
Mr. Bhupendra Hatkar 3.92%
3 Percentage increase in the median remuneration of employees in the financial year 2016-17 compared to 2015-16. 3.51 %
4 Number of permanent employees on the rolls of the company As on 31.03.2017 As on 31.03.2016
39 39
5 Explanation on the relationship between average increase in remuneration and the company performance Though company is finding hard for better performance Increament to employees are given as per industry trends.
6 Comparison of the remuneration of the Key Managerial Personnel against the performance of the company No significant increment was given to KMP as company is struggling for overcoming its financial situation.
7 Variation in Market Capitalization 31.03.2017 31.03.2016
Price Earning Ratio Not available. Trading on Not available. Trading
Percentage Increase/decrease of market quotations BSE to commence on BSE to commence
Net worth of the Company 20651568 22463851
8 Average percentile increase in salaries of Employees other than managerial personnel During 2016-17 During 2015-16
6% 6%
9 Comparison of each remuneration of the Key Managerial Personnel against the performance of the Company
Name of Key Managerial personnel 31.03.17 31.03.16 % age change Reason against performance of the Company
Mr. Sandip Zaveri MD NIL NIL 0%
Mr. Parimal Desai CFO 501189 432859 15.78% Consedering industry trend and years of service.
Mr. Bhupendra Hatkar 366690 352854 3.92% Consedering industry trend and year of service.
10 Key parameter for any variable component of remuneration availed by the Directors NO
11 Ratio of the remuneration of the highest paid director to that of the employees who are not directors but receive remuneration in excess the highest paid director during the year(except KMP) Employee Salary: Highest paid director

None of the directors has been paid remuneration. Hence it is not comparable.

The Board of Directors of the Company affirms that the remuneration is as per theremuneration policy of the Company. No Employee is in receipt of remuneration whichrequires disclosure as per Rules 5(2) and Rule 5(3) of the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014. Above all information related toremuneration of employees and directors are based on Gross salary (excluding employersContribution to PF and ESIC) earned by them.

Related Party Transactions

Form No. AOC-2

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) ofthe Companies (Accounts) Rules 2014)

Disclosure of particulars of contracts/arrangements entered into by the company withrelated parties referred to in subsection (1) of section 188 of the Companies Act 2013including certain arms length transactions under third proviso thereto:

1. Details of contracts or arrangements or transactions not at arm's length basis: NIL

2. Details of material contracts or arrangement or transactions at arm's length basisduring financial year 2016-17:

(a) Name(s) of the related party and nature of relationship: (b) Nature of contracts/arrangements/tr ansactions: (c) Duration of the contracts/ arrangements /transactions: (d) Salient terms of the contracts or arrangements or transactions including the value if any: (e) Date(s) of approval by the Board if any: (f) Amount paid as advances if any:
CS Specialty Chemicals Pvt. Ltd. Sale of Motors with different capacity of HPs from 2 HP to 10 HP One time Rs. 118963/- 15.04.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of Ms/SS/ Chemical tanks One time Rs. 649221/- 15.04.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of Gear Box One time Rs. 38880/- 15.04.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of MS/SS Reactor One time Rs. 183750/- 15.04.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of MS/SS PRESSURISED NUTH FILTER One time Rs. 261765/- 15.04.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of Different Types of MS/SS Receiver/Chemical Tanks One time Rs. 285473/- 28.05.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of Filter Press One time Rs. 613157/- 28.05.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of SS Reactor 3 Kl Limpet Coil One time Rs. 566266/- 26.08.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of M.S CENTRIFUGE RL One time Rs. 472500/- 26.08.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of SS Condensor Vertical One time Rs. 157500/- 11.11.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of Graphite Absorber With Scrubber One time Rs. 118125/- 11.11.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of 5KL REACTION VASSEL One time Rs. 885938/- 11.11.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of Heat Exchanger One time Rs. 65520/- 11.11.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of Sintex Chemical Tank One time Rs. 177354/- 11.11.2016 NIL
CS Performance Chemicals Pvt. Ltd. Sale of MS Tank 12 KL One time Rs. 123900/- 11.11.2016 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of MS/SS Reactors One time Rs. 977025/- 13.02.2017 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of MS Beams (170 KGS) One time Rs. 6783/- 13.02.2017 NIL
CS Specialty Chemicals Pvt. Ltd. Sale of Goods/processing charges/Business support services Ordinary course of business. Continuous. Rs. 19438700/- NA NIL
CS Performance Chemicals Pvt. Ltd. Purchase of Goods. Ordinary course of business and and one time basis Rs. 26229/- NA NIL