I. Global Economy
The economic situation across the globe was displaying steady recovery but resurgence
of the pandemic in certain geographies and the prevailing geo-political tensions have
impacted this recovery. The increasing uncertainties and supply chain pressures have
resulted in a world-wide inflationary environment resulting in tightening of monetary
policies by Central Banks across the globe. As per International Monetary Fund (IMF)
reports, global growth was projected to slow down from an estimated 6.1% in 2022 to 3.6%
in 2023 - 0.8% lower than earlier estimated.
Supply disruptions, rising food, energy and crude prices have pushed the inflation to
record levels and in certain cases to decades high levels. The high inflationary
environment has led the Central Banks to start increasing interest rates along with
partial unwinding of their accommodative monetary policies. On 4 May 2023, the US Fed
hiked the base rates by 50 bps, which was one of the biggest hikes in the last two
decades. According to a World Bank report, the pace of global economic recovery is
expected to slow in the near term as recurring pandemic waves disrupt domestic activity,
supply bottlenecks continue and policy support is withdrawn.
II. Indian Economy
The Indian economy exhibited a strong recovery during 2022. Indian economy was one of
the key drivers of global economic recovery with a healthy growth rate. However, due to
adverse macroeconomic conditions and rising inflationary trends, growth in the Indian
economy is expected to be adversely impacted.
As per IMF reports, the GDP forecast for India has been slashed to 8.2% for FY 2023-24
from 9% earlier. The primary reason was attributed to higher commodity prices. The Reserve
Bank of India (RBI) has also raised the benchmark repo rates by 90 bps in line with the
global trends. The Monetary Policy Committee is now adopting a balanced approach between
growth and inflation control. However, the underlying fundamentals for Indian Economy
appear to be strong and are expected to withstand these turbulent times. The impact on the
long-term outlook should hopefully, be marginal. A strong push for improving
infrastructure coupled with increased invest- ment in manufacturing, is expected to be a
competitive advantage for the domestic economy
III. Corporate Overview
One of the Oldest Pet Bottle and Jar Manufacturers in India. Was Established In 1989
with Its First Plant in Kurali (Dist. Ropar) 25 Km. from Chandigarh .The Second Plant was
commissioned at Surajpur, Greater Noida In 1992. Presently all operations are undertaken
at its Plant in Malpur, Baddi, Himanchal Pradesh.
Realizing the potential of a food grade and recyclable polymer as versatile as PET
(Polyethylene Terephthalate), Jauss Polymers Limited successfully ventured in the field of
manufacturing of all types of PET bottles, containers, jars etc using advanced Injection
Stretch Blow Molding(ISBM) technology.. One of the oldest PET Bottle and Jar Manufacturers
in India. Jauss Polymers Established in 1989 with its first plant in Kurali (Dist. Ropar)
25 Km from Chandigarh.
The Second Plant was started in Surajpur Greater Noida in 1992. We Have 5 ISBM Machines
Of ASB Nissie, Japan, ranging From Model ASB 250 to the latest 70 DPH; We Are primarily
using all injection Molds Of Nissie and a va- riety of blow shell molds to manufacture
different Neck Sizes like 25mm. 28mm., 60mm., 83mm., 100mm.,And 120mm. and in Various
Weight Ranges From 12gm. to 160gm in different Shapes and Sizes. Besides This We Have Been
Pioneers in Undertaking Special Projects Of Weight Reduction in Wide Mouth Containers. For
Joyco we experimented successfully in reducing the Weight Of their 1.5 Litre Jar From
52gm. to 35.5gm. The first Mold was developed at Nissie, Japan and has already delivered
Over 20 Million Jars to the customer. Since 2001 we re-located Our Noida Plant to Baddi
with 5 Machines and Are Fully Dedicated to Supply Joyco (Wrigley) Their Full Requirement
of over 2 million PET Jars per Month.
We are One Of The Oldest Pet Bottle And Jar Manufacturers In India The worldwide
preference of PET resin in manufacturing containers has opened a plethora of packaging
options for almost all industries like pharmaceuticals, beverages, confectionery, personal
care, liquor etc. We work with customers in these industries to create functional,
attractive and cost-effective packaging to meet their needs We Are Also Involved in
Development and Use of PP And PC by Stretch Blow Molding Process on Nissie Machines
VISION
• To change the face of plastics packaging in India.
MISSION
• To exceed our clients expectations with packaging innovation, cutting-edge
technology, proximal manufacturing units, operational excellence and passion for quality.
• To exceed our shareholders expectations with sustainable growth in
profitability and building the company brand in existing and newer markets.
• To exceed our peoples expectations with an exciting work environment,
continuous learning and room for career growth.
IV. Future Outlook
Growth of pet industry is key to our success more and more product segments are
shifting to pet bottles/jar in spite of all efforts there shall be no replacement of pet
bottles/jars as all others like glass etc. are not cost competitive
However more and more players are entering this industry resulting in cut throat
competition and substantial depletion in margins
V. STRATEGY
1. Cost competitiveness, low manpower, efficient machinery in terms of power
consumption, and judicious use of labor and using automated machines is key to survival
2. To reduce debt burden so as to reduce financial cost. Optimize working capital
requirement
3. Reduce non-essential administrative cost
4. Better product mix with focus on customers giving higher value additions
VI. Threats
1. Competition resulting in price cutting and consequently reduction of margins.
2. Hike in US $ rate and prices of petroleum products has resulted in upsurge in prices
of PET/PP.
Hence PET bottles/Jars companies have to focus on cost reduction strategies/ economic
of scale and bring efficacies so that in manufacturer of PET bottles/Jars continues to
remain as best option.
VII. Human Resource Development/Industrial Relations:
Human Resources are considered to be a form of capital and wealth of the Company. The
growth of the Company and improvement in the systems has been sustained by the active
involvement of the employees with the Management. It has been the focus of the management
to improve and expand the contribution of its human re- sources towards attainment of
organizational goals and values. The technical expertise of the Management has been shared
with the employees at the works, which keeps them motivated to meet and surpass the set
targets.
VIII. Internal Control Systems and their Adequacy
The Company has an adequate system of internal control relating to purchase of stores,
raw materials including components, plant & machinery, equipment and other similar
assets and for the sale of goods commensurate with the size of the Company and nature of
its business.
The Company also has Internal Control System for speedy compilation of Accounts and
Management Information Reports and to comply with applicable laws and regulations.
The Company has an effective Budgetary Control System. The Management reviews the
actual performance with reference to budgets periodically. The Company has a well-defined
organizational structure, authority levels and internal rules and regulations for
conducting business transactions.
The Company has already formed an Audit Committee and has met four times in the year.
Audit Committee ensures proper compliance with the provisions of the Listing Agreement
with Stock Exchanges, Companies Act, reviews the adequacy and effectiveness of the
internal control environment and monitors implementation of internal audit
recommendations. Besides the above, Audit Committee is actively engaged in overseeing
financial disclosures and in reviewing your Companys risk management policies.
IX. Environmental Responsibility
The Company believes that a clean environment in and around the workplace fosters
health and prosperity for the individual, the group and the larger community to which they
belong.
Environmental protection is an integral part of the planning, design, construction,
operation and maintenance of all our projects.
Further, the Company has developed technology for reprocessing mixed plastic waste and
converts them into usable products. In addition to this, the Company constantly works to
reduce consumption of energy, water and petroleum based products and works with its
customers to develop more sustainable and green film and laminate structure.
The overall emphasis is on reducing the carbon footprint and be more environment
friendly and sustainable. All the products of the company are eco-friendly.
X. Employee Engagement
The Company is an equal opportunity employer offering best in industry career growth
prospects and has taken a step ahead to make a positive difference by aligning its vision
of offering equal opportunities of skill and career enhancement to underprivileged
sections of the society; specifically, the youth.
XI. Risk Management
Macro economic conditions do affect the Companys operations. Low demand, economic
slowdown, political instability, higher inflation, natural calamities may affect the
business. Business therefore cannot be risk free. What is therefore important is to
correctly assess the risk area wise and to take steps to mitigate the risk before it
becomes a potential threat. General risk areas are statutory compliances, economy,
financial, government regulations and policies, market related, operational, products and
technology, intellectual property etc.
With the changing and turbulent business scenario, our basic focus is to upgrade the
skill and knowledge level of the existing human assets to the required level by providing
appropriate leadership at all levels, motivating them to face the hard facts of business,
inculcating the attitude for speed of action and taking responsibilities.
The Company has identified potential risks such as business portfolio risk, financial
risk, legal & statutory risk and internal process risk including ERP and IT and has
put in place appropriate measures for their mitigation.
XII. Human Resource Development/Industrial Relations
The Companys Human Resources philosophy is to establish and build a strong performance
and competency driven culture with greater sense of accountability and responsibility. The
Company has taken pragmatic steps for strengthening organizational competency through
involvement and development of employees as well as installing effective systems for
improving the productivity, quality and accountability at functional levels.
XIII. Environment, Occupational Health & Safety
Your Company is committed to conducting its operations with due regard to the
environment and providing a safe and healthy workplace for employees. The collective
endeavor of your Companys employees at all levels is directed towards sustaining and
continuously improving standards of environment, occupational health and safety in a bid
to attain and exceed international benchmarks.
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