asian paints industrial coatings ltd Management discussions

ASIAN PAINTS INDUSTRIAL COATINGS LIMITED ANNUAL REPORT 2008-2009 MANAGEMENT DISCUSSION AND ANALYSIS Company Performance the Company registered growth of 1% in volume and value soles remained at par with that of previous year (Rs.67 crores) during the financial year under review. Profit before tax is down by 156% over the previous year. The price of major raw materials increased sharply during the first half of the financial year on account of increase in crude oil price, depreciation of rupee against US dollar and overall demand supply gap. However, during the second half of the year under review the basic price of raw materials softened as compared to the first half. During the year, the company continued its efforts to strengthen in-house research & development capabilities, strive to maintain competitiveness and work to develop and launch new, innovative products that will enable if to build sustainable strengths. New production lines which we installed at Sarigam were fully standardized and operational. Overview of the market & Prospects for the Current Year The growth for powder cooling industry is expected to be moderate, under challenging macro economic environment. While, slowing construction activity and 4 cautious view on expansions shad continue to affect a large part of powder consuming industries, positive trend in appliance and automotive sector shall be favoring the demand growth. Your Companys focus shall continue to deliver value addition through sustained focus on in house developmental capabilities.

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9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

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ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

asian paints industrial coatings ltd Management discussions

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Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.

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Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.