akzo nobel chemicals india ltd Management discussions


AKZO NOBEL CHEMICALS (INDIA) LIMITED ANNUAL REPORT 2008-2009 MANAGEMENT DISCUSSION AND ANALYSIS COURSE OF BUSINESS: The performance of your Company for the year 2008-09 was satisfactory. Net Sales up by 23% compared to previous year. This is mainly due to increased sales of Metal Alkyls to pharma customers. Profit before Tax is lower by 17% compared to the previous year mainly due to increase in raw material prices and change in sales mix. Net Profit after Tax is Rs. 105.17 Million. Plant operations were safe and there was no lost time incident. Also, production efficiency was better and expenses of the Company were under control. ORGANISATION AND HUMAN RESOURCES: Employees are fully involved in accomplishing the vision of the Company, which states Significantly Grow the Business by being Low Cost Producer, Market Leader and Global Player. Our employees conduct business activities with a spirited enthusiasm to achieve global standards. Our employees are motivated and perform with excellent teamwork. Information regarding employees in accordance with Section 217(2A) of the Companies Act, 1956 is given in the Annexure to this Report. HEALTH SAFETY AND ENVIRONMENT: Safety, Health and Environment remain our top priority. Awareness training is regularly imparted to employees on Fire Fighting, First Aid and On-Site Emergency Plan. Statutory Rules and Regulations for Safety, Health and Environment are strictly observed.