Atul Ltd 2012-13

23 Dear Members, The Board of Directors presents the Annual Report of Atul together with the audited statement of accounts for the year ended March 31, 2013. Financial Results ( ` cr) 2012-13 2011-12 Revenue from operations 2,001 1,778 Other income 19 14 Total revenues 2,020 1,792 3URÀW EHIRUH WD[ DQG H[FKDQJH UDWH GLIIHUHQFH 189 134 ([FKDQJH UDWH GLIIHUHQFH ² H[SHQVH _ LQFRPH 12 3URÀW EHIRUH WD[ 192 122 3URYLVLRQ IRU WD[ 56 34 3URÀW IRU WKH \HDU 136 88 7D[ DGMXVWPHQWV IRU WKH HDUOLHU \HDUV - - 3URÀW DYDLODEOH IRU DSSURSULDWLRQ 136 88 Balance brought forward 397 334 Disposable surplus 533 422 Appropriations General reserve 14 9 Proposed dividend 18 14 'LYLGHQG GLVWULEXWLRQ WD[ 3 2 Balance carried forward 498 397 Financial Performance Net sales increased by 12% to ` 1,964 cr. Net sales in India increased by 5% to ` FU ([SRUW VDOHV LQFUHDVHG E\ to ` 977 cr. PBT increased by 57% from ` 122 cr to ` 192 cr. During the year, CARE upgraded credit rating to CARE AA- IURP &$5( $ LQ WKH 3UHYLRXV \HDU IRU ORQJ WHUP GHEWV ZKLOH PDLQWDLQLQJ WRS QRWFK &$5( $ IRU VKRUW WHUP GHEWV ,Q 6HSWHPEHU WKH &RPSDQ\ ZDV GLUHFWHG E\ *XMDUDW Pollution Control Board to close down manufacturing at LWV 9DOVDG &RPSOH[ DQG WDNH PHDVXUHV WR GLVPDQWOH WKH ROG SLSHOLQHV XVHG IRU FDUU\LQJ OLTXLG HIÁXHQWV DFFRUGLQJO\ PDQXIDFWXULQJ DFWLYLW\ DW WKH FRPSOH[ UHPDLQHG FORVHG IRU most of October 2012 with its consequential decrease in sales DQG SURÀW LQ WKH VHFRQG KDOI RI WKH \HDU +RZHYHU WKH &RPSDQ\ GRHV QRW H[SHFW VLJQLÀFDQW ORQJ WHUP DGYHUVH LPSDFW 0RUHRYHU WKH &RPSDQ\ XQGHUWRRN SURMHFWV WR IXUWKHU enhance its performance in the area of environment protection with an investment of ` FU DQG H[SHFWV WR HPHUJH VWURQJHU to face the future. Dividend The Board recommends payment of dividend of ` 6 per share on 2,96,61,733 Equity Shares of ` 10 each fully paid-up. 7KH GLYLGHQG ZLOO HQWDLO DQ RXWÁRZ RI ` FU LQFOXGLQJ GLYLGHQG GLVWULEXWLRQ WD[ RQ WKH SDLG XS (TXLW\ 6KDUH FDSLWDO of ` 29.66 cr. Management Discussion and Analysis Management Discussion and Analysis covering performance of the two Reporting Segments, namely, Life Science Chemicals and Performance & Other Chemicals, is given at page no 25 to 31 . Corporate Governance $ 5HSRUW RQ &RUSRUDWH *RYHUQDQFH DORQJ ZLWK WKH FHUWLÀFDWH from the Statutory Auditors regarding compliance of the conditions of Corporate Governance pursuant to Clause 49 of the Listing Agreements is given at page no 32 to 45. Conservation of Energy, Technology Absorption, ForeignExchangeEarningsandOutgoandEmployees ,QIRUPDWLRQ UHTXLUHG XQGHU 6HFWLRQ H RI WKH &RPSDQLHV $FW UHDG ZLWK 5XOH RI WKH &RPSDQLHV 'LVFORVXUH RI 3DUWLFXODUV LQ WKH 5HSRUW RI WKH %RDUG RI 'LUHFWRUV 5XOHV DQG LQIRUPDWLRQ DV SHU 6HFWLRQ $ RI WKH &RPSDQLHV $FW UHDG ZLWK WKH &RPSDQLHV 3DUWLFXODUV RI (PSOR\HHV Rules,1975, as amended from time to time, forms a part of WKLV 5HSRUW +RZHYHU DV SHU WKH SURYLVLRQV RI 6HFWLRQ E LY WKH 5HSRUW DQG $FFRXQWV DUH EHLQJ VHQW WR DOO WKH 0HPEHUV H[FOXGLQJ WKH LQIRUPDWLRQ UHODWLQJ WR FRQVHUYDWLRQ RI HQHUJ\ WHFKQRORJ\ DEVRUSWLRQ IRUHLJQ H[FKDQJH HDUQLQJV & outgo and the statement of particulars of employees. Any Member interested in obtaining such particulars may inspect the same at the 5HJLVWHUHG 2IÀFH RI WKH &RPSDQ\ RU ZULWH WR the Company Secretary for a copy. Directors’ Report