MANAGEMENT DISCUSSION AND ANALYSIS REPORT
ANNEXURE TO DIRECTORS REPORT
The company is in the field of manufacture of two groups of chemicals:
1. Fungicides, Weedicides and their formulations
2. Barium and Strontium Salts (Carbonates, Nitrates and Chlorides)
A part of the fungicides and respective formulations are manufactured at Tuticorin.
INDUSTRIES STRUCTURE AND DEVELOPMENT
Fungicides, Weedicides and their formulations
The company used to enjoy a premium status in the production of Copper Sulphate, CopperOxychloride and formulations. These products are used as a fungicide in-coffee, rubber andcardamom plantation and in a variety of ground crops such as cotton, rice, chillies etc.
BARIUM AND STRONTIUM SALTS
These products are reserved for small scale sector and are always subject to a pressureon margin on account of competition from this sector. These products find application intelevision glass, ferrites, paints, heat treatment salts, fireworks, tanneries etc.
OPPORTUNITIES AND THREATS
The company is a sick company registered with BIFR and has submitted revival scheme o tthe Operating Agency. Also, the company may not be able to re establish its position inmany of its earlier products.
The company has already restarted production at the Tuticorin and Mettur Units and hastaken effective steps to start operations at Kalamassery unit. As such Directors should beable to report better results next year
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The company had established framework of internal controls for ensuring optimum use ofresources and safeguarding assets.
HUMAN RESOURCES/INDUSTRIAL RELATIONS
The company maintains cordial relations with the employees of the company and no manday was lost due to labour problems. The employee strength of the company as on 31.03.2011stood at 189 nos.
| || ||For and on Behalf of the Board || |
| || ||For TCM Limited || |
| ||Joseph Varghese ||Philomina Thomas ||T S Rajagopalan |
| ||Managing Director ||Director ||Director |
|Place: Ernakulam || || || |
|Date :28.07.2011 || || || |