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Fineotex Chemical Ltd.

BSE: 533333 | NSE: FCL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE045J01026 | SECTOR: Chemicals

BSE Live

Jul 10, 11:40
30.65 -1.25 (-3.92%)
Volume
AVERAGE VOLUME
5-Day
171,439
10-Day
99,365
30-Day
55,041
28,734
  • Prev. Close

    31.90

  • Open Price

    32.00

  • Bid Price (Qty.)

    30.60 (112)

  • Offer Price (Qty.)

    30.75 (200)

NSE Live

Jul 10, 11:40
30.75 -1.15 (-3.61%)
Volume
AVERAGE VOLUME
5-Day
1,318,599
10-Day
735,683
30-Day
400,774
194,448
  • Prev. Close

    31.90

  • Open Price

    31.70

  • Bid Price (Qty.)

    30.65 (101)

  • Offer Price (Qty.)

    30.75 (350)

Annual Report

For Year :
2018 2016 2014 2011

Chairman's Speech

Dear Members, I welcome all of you who have become the shareholders of the Company subsequent o the Initial Public Offer made by the Company. The liquidity in the market had suddenly worsened during the week the IPO was open for subscription in the last week of February, 2011. However you have my sincere appreciation since, in spite of the difficult situation, you subscribed to the IPO and became shareholders of the company. Looking back, I am sure you must be happy that your decision in the challenging circumstances has in fact turned to be wise. I assure you that I and my colleagues on the Board would make earnest effort to increase the value to you as well asall other stake holders. The year that went by had been a very challenging one. The cost continued to rise due to global inflationary conditions and high interest economy. The margins continued to be under stress throughout the year. However in spite of the odds, it was satisfying to note that the Company could increase its presence in the market and increase its presence in the market. This was possible due to the dedication of my colleagues on the Board as well as in the Company at all levels. The Company is in production for the last of four year and has been able to grow due to the enterprising and zeal of my colleagues. This year we have to put a lot of effort to consolidate our position. The economy is showings signs of slow down and we have to double or efforts to keep our momentum getting faster. We are looking at various options - capacity expansion and its maximum utilization, trading to complement manufacture as well looking at newer markets round the giobe. Our plans for setting up of additional manufacturing facilities are moving at a slower pace than planned. The property market is declining, but at the same time the sellers are also reluctant to come forward due to the uncertainty in the market. This has forced us to look at new options like taking over other units that would synergize with our capacities to make complementary products to increase our product range as well as reduce the delay that is caused due to selection of land for expansion. The running units would eliminate the gestation period of setting up a plant. Negotiations are on but there has been cautious approach from both sides to complete the deal. This has also led us to look-ai opportunities outside India. We are looking at setting up of manufacturing units abroad or acquirelhem directly or through a Special Purpose Vehicle. The negotiations are progressing well. This would be a two in one type of venture. Firstly it would increase the product range which is both in the nature of complementing and supplementing of our product range with established products and market. This will enable to penetrate new markets. Secondly it would be like a research facility that would help us develop new products. The thrust during the year would be to develop new products and recipes for our clients to stay ahead of our customers'' needs. The pillar stone of our Company is to do business by fair practices which will continue to guide us in future. We would be thrustfull but within the rules of the State. I am sure that as the year rolls on the positive returns would be visibly rolling in. I wish all of you a very rewarding year. Chairman & Managing Director Surendra Kumar Tibrewala 15th June, 2011