Industry Structure and Development
Our Company in the business of manufacturing of industrial valves since years together
and is exploring the industry. A valve is one such device that is known for regulating,
directing or controlling a fluid flow. It opens, closes or partially obstructs different
passageways. Technically these are fittings. The modern control valves are regulating
pressure and flow downstream as well as operating on well-known automation system. Valves
are also of great use in military as well as transport sectors. There are many new
Companies coming up the market who show great interest of investing in the valve
manufacturing business. Valve suppliers in Asia have their ranks increased. Within the
countrys flourishing economy, these Companies are able to meet the fast growing demand
for industrial valves. The global Valves market size is expected to gain market growth in
the forecast period of 2021 to 2025, with a CAGR of 1.3% in the forecast period of 2021 to
2025.
Chemtech Industrial Valves Limited started its operations from manufacturing general-
purpose valves. Over the years, the Company has continually gone a step ahead of the needs
of emerging markets and developed high value-added products, advancing from manually
operated shut-off valves to automated control valves, and from single valves to complex
modular products. Our strategy is to be a navigator for our clients as they ideate, plan
and execute on their journey.
In addition, the Company works actively on technological development that has less
impact on people and the global environment such as engineering methods, development of
materials and material procurement. For the development of materials, in particular, we
focus on product development.
Opportunities & Threat:
Fully Integrated Manufacturing Facility
Our manufacturing facility is fully integrated and self-sufficient. The raw materials
and consumables are readily available. Further, all other utilities like fuel, power and
human resources have posed no hurdle till date. All the equipment required for
manufacturing the products are in place.
Experienced Management Team
The Company is managed by a team of professionals led by Chairman, Mr. Harsh Pradeep
Badkur, who has over a decade of experience in this business. We believe our growth
strategy in combination with managements demonstrated ability to consistently meet the
customers high expectations for quality and reliability, serves as a foundation for
future revenue growth and stable operating profit. The Promoter and Senior Management team
of our Company has significant industry experience and has been instrumental in the
consistent growth of our Companys performance.
Continuous focus on developing innovative products
For any Company, innovation and technical progress are key factors for its success in
the long term. Our Company constantly encourages its people to innovate and develop new
products for catering to demands of our customers. We are in constant touch with our
clients in order to assess their requirements for increasing their process efficiency.
This has helped our Company to become a Solution Provider and not just a manufacturing
concern.
Strong Customer-Base
We have long-standing relationships with our customers for whom we have executed repeat
orders over an extended period of time, which we believe have been established and are
strengthened by the dedicated infrastructure and our ability to meet Clients requirements
for customized products. Our customers include leading steel plants, government companies,
engineering companies and EPC contractors.
In order to strengthen our relationship with our customers, we have appointed
authorized representatives/ channel partners of the Company at most of our major
client/consultant locations for handling day to day activities at their respective
location. We also have representatives at various major cities. These representatives
channel partners are responsible to generate business from their respective geographical
region, liaising with existing customers, solving their queries and providing after sales
service to the client. All the activities are taken place in close co- ordination with the
client. Necessary technical help is provided to our representatives for conducting
business onour behalf.
Technical expertise and industry experience
The promotor and the promotor group are experienced in our line of business. Further we
have employed professionals having technical and commercial backgrounds. Our Company feels
that the strength of any successful organization lies in both, the experience and guidance
of its team leaders and the efficiency and technical capability of the staff.
Quality Assurance and Standards
Our company believes in imbibing stringent quality standards in all our processes and
products. Our company has been accredited with ISO 9001-2008 certification. Our company is
dedicated towards quality of our products, processes and inputs. We adhere to quality
standards as prescribed by our customers, which enable us to maintain our brand image in
the market.
Segment wise performance
The Operation of the Company predominantly relates in two business segments i.e.
"Manufacturing of lndustrial Valves" and "Trading of various items for
project sales". Business segments have been identified as separable primary segment
in accordance with lndian Accounting Standard l08" Operating Segments" as
prescribed under Companies (Accounting Standards) RuIes, 2006, taking into menu the
organizational and internal reporting structure as well as evaluation of risks and returns
or these segments. The performances of both segments are well-tuned and the management is
confident about achieving better performance for coming financial years.
Future Outlook
The Indian Economy is unstable but showing signs of revival in near future. The demand
for valves is witnessing growth in almost all areas. All core sectors of industry require
various types of valves for expansion of capacities, de-bottlenecking or routine
maintenance and repairs of plants for which Valves will be very productive.
The COVID-19 pandemic is a worldwide crisis and has meant that the economies will have
to operate alongside the disease, now as the attention has started shifting from lockdown
to safe reopening. Accordingly, Company is taking effective steps to improve operational
efficiency. Indias stable macroeconomic environment and strong growth outlook stand out
relative to other emerging markets. With Indias ever-growing requirements and addition
planned by the Government through various initiatives, there exists substantial
opportunity for future growth as the Companys products are geared up for the
requirements. However, trade tensions & COVID-19 Pandemic among major economies
impacted global growth prospects and has larger concerns on slowing down of world trade.
The uncertainties associated with the pandemic COVID-19 may have adverse impact on the
demand and supply chain in the short-term and the Company is working to minimize the
impact of such aberrations to sustain the operations and identify new opportunities to
grow. Accordingly, the company is executing the strategies to mitigate the impact of
slowdown of trade.
Internal Control Systems & Their Adequacy
The Company has a sound internal control system commensurate with its size. Internal
Audit reports are discussed by the professionals, members of audit committee &
suitable corrective actions as suggested are adopted by the Board of Directors of the
Company. We have always believed that transparency, systems and controls are important
factors in the success and growth of any organization.
Discussion on financial performance with respect to operational performance
The financial performance is mentioned herein under:
| PARTICULARS |
31st March, 2022 |
31st March 2021 |
| Revenue from operation |
11,49,37,886 |
13,91,58,564 |
| Other Income |
18,14,562 |
13,91,341 |
| Total Revenue |
11,67,52,448 |
14,05,49,905 |
| Less: Depreciation |
1,01,12,968 |
98,74,280 |
| Less: Finance Charges |
1,36,28,509 |
1,35,67,188 |
| Less: Other Expenses |
21,683,023 |
1,81,48,054 |
| Profit/(Loss) before Taxation |
(60, 38,045) |
65,68,025 |
| Less: Provision for Taxation |
(4,30,657) |
(2,70,616) |
| Net Profit/(Loss) after taxation |
(56,07,388) |
68,38,641 |
Material Development on Human Resources / Industrial Relations
The biggest strength of the Company has always been its people. Only with their
participation we have managed to achieve a healthy work culture, transparency in working,
fair business practice and a passion for efficiency. The Company follows a unique, home
grown philosophy of allowing people to set their own targets and give them the freedom to
achieve: I can. This philosophy has spread across all our employees and has been a
constant source of motivation for our people. Further, to enhance their skills and enrich
their experience, the Company provides continuous training. This includes workshops,
courses, seminars and visit to the Companys plants. Of late, we have also started
in-house conferences for various disciplines. Employees from all our offices are invited
to participate. It is a useful forum for sharing experiences, ideas, innovations and
developmental work undertaken in their respective work places. From the beginning, we have
followed a progressive policy of taking keen interest in the well-being and progress of
our people. All of this, we believe, has nurtured a strong sense of belonging among our
people. During the year under review, Industrial Relations were cordial.
Cautionary Statement
Statement in the Management discussion & analysis describing the Companys
objectives, projections, estimates & exceptions may be "forward looking
statements" within the meaning of applicable securities laws & regulations.
Actual results could differ materially from those expressed or implied. Important factors
that could make difference to the Companys operations include economic conditions
affecting demand/ supply and price conditions in the domestic & overseas markets in
which the Company operates & changes in the Government regulations, tax laws &
other statutes & other incidental factors.
| Registered office: |
For and on behalf of the Board of Director |
|
| 105 Hiranandani Indl |
Sd/- |
Sd/- |
| Estate, Opp. Kanjur Marg |
Puneet Pradeep Badkur |
Harsh Pradeep Badkur |
| Railway Station, Mumbai- 400078 |
Chief Financial Officer Chairman & Managing Director |
DIN:00676715 |
| Place: Mumbai |
DIN:07803209 |
|
| Date: 18th July, 2022 |
|
|
+91-9892691696
