Atul Ltd 2014-15

27 1.3 Foreign exchange earning and outgo 1.3.1 Export sales: activities, development initiatives and future plan The Company sells its products in 68 countries, directly and through its subsidiary companies in the USA, the UK, China and Brazil. Sales outside India * increased by 11% from ` 1,045 cr to ` 1,163 cr. It has established Atul Middle East FZ- LLC to grow its sales. * Free On Board (FOB) value 1.3.2 Total foreign exchange used and earned ( ` cr) Particulars 2014-15 2013-14 Used for Import of raw materials, books and periodicals, payment of dividend, travel expenses, etc 411.38 447.41 Loan repayment 64.35 111.44 Earned from exports FOB value 1,163.41 1,045.26