Kamar Chemicals and Industries Limited was originally promoted as a
 joint sector company by Mr. Syed Meeran and his father Mr. S H Syed
 Yusuff in October 1983 along with Tamilnadu Industrial Development
 Corporation (TIDCO) for the purpose of setting up a plant for
 manufacture of 70 tonnes per day of Sulphuric Acid and 20 tonnes per
 day of Oleum. After the initial teething problems the company has
 been making consistent profits during the last five years. A dividend
 of 20% has been declared during the last three years. During 1993, the
 company went in for an expansion of Sulphuric Acid plant from 70
 tonnes per day to 100 tonnes per day.  The expanded plant was
 commissioned in March
 1994. An Alum plant of 20 tonnes per day capacity was also set up
 with the above and was commissioned in September 1994.
 
 PAST PERFORMANCE	        1990-91	91-92	   92-93	   93-94	   94-95
 					                                                8 mon.
 Capacity utilisation	      102.9%	91.25%	87.62%	73.95% *	96.35%
 Sales	                     478.79	447.13	363.01	286.44	339.18
 Profit bef.depn.int.& tax  134.55	 93.36	 63.73	 54.37	 87.01
 Interest	                   17.38	 13.48	  7.13	  1.41	 20.17
 Depreciation	             26.23	 29.72	 11.76	  7.08	 11.91
 Taxation                        -        -        -        -       
 -
 P A T	                      90.94	 50.16	 44.84	 45.88	 54.93
 Equity	                   79.35	 79.49	 80.48	 80.54	 81.00
 EPS	                      11.46	  6.31	  5.57	  5.70	 10.17 **
 ** Annualised
 
 Note :
 
 *1. The plant was shut down for 2.5 months to carry out the expansion
 of sulphuric acid plant in 1993-94. Excluding the shutdown period the
 capacity utilisation for 1993-94 works out to 85.62 %
 
 2. Sulphur is the only raw material for both Sulphuric Acid and
 Oleum. The output prices are linked to the price of sulphur.
 Therefore to a large extent, the fluctuations in turnover can, be
 related to the fluctuations in the international price of sulphur.
 
 The per unit cost of Sulphur reduced by 18% for 1992-93 as compared
 to 1991-92 and the per unit realisation of Sulphuric Acid and Oleum
 reduced by 17% and 22% respectively over the corresponding periods.
 This is
 reflected in the change in sales turnover. 
 
 3. The operations for 1994-95 has been on the expanded capacities
 without any consequent increase in overheads, resulting in better
 profit margins. There has been a process improvement also
 contributing to better capacity utilisation levels.
 
 The increase in margins in 1994-95 was also due to commissioning of
 the Alum plant. The Alum plant was commissioned in September 1994.