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Hindustan Flurocarbons Ltd.

BSE: 524013 | NSE: | Series: NA | ISIN: INE806J01013 | SECTOR: Petrochemicals

BSE Live

Sep 22, 16:00
9.75 -0.25 (-2.50%)
Volume
AVERAGE VOLUME
5-Day
4,830
10-Day
4,116
30-Day
5,611
1,988
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  • Open Price

    9.52

  • Bid Price (Qty.)

    9.75 (310)

  • Offer Price (Qty.)

    9.77 (77)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
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Hindustan Flurocarbons is not listed on NSE

Annual Report

For Year :
2015 2014 2013 2012 2011 2010 2008 2007

Chairman's Speech

Dear Shareholders, - extend my hearty welcome to you to this 32nd Annual General Meeting of your Company. I am sure, you must have received The Directors'' Report and Audited Annual Accounts of the Company for the year ended 31st March, 2015 and with your permission I take them as read. - now proceed to share with you briefly the performance of the company and our activities. 1. OPERATIONS AND OVERALL PERFORMANCE Your Company has made Net loss of Rs.377.46 lacs from operations as against the net loss of Rs. 2482.47 lacs of the previous year. During the year, the sales turnover (net) was Rs.2915.07 lacs as against Rs.2788.92 lacs in the previous year. This is mainly due to decrease in sales realization of main product PTFE. During the year under report production of PTFE was 107 MT as against 184 MT in the previous year. During the year, 726.58 MT of CFM-22 was sold in the market against 555.17 MT in the previous year and balance quantity was used as feed stock to manufacture various products including Fluoro Specialty Chemicals and PTFE. Quality of all company''s products continued to be well accepted by our customers. Company has achieved 88% capacity utilization was achieved as against 86% in the previous financial year. In spite of better physical performance, financial performance was badly affected due to the reasons mentioned above. 2. FUTURE OUTLOOK DIVERSIFICATION: In consistence with vision company is making continues efforts to make Fluoro Specialty Chemicals. Accordingly it is expected that TFE Consumption for Fluoro Specialty Chemicals expected to increase in the current year. In addition to this some special grades of PTFE is developed. 3. SAFETY, ENVIRONMENT & ISO CERTIFICATION'' The company continued to lay emphasis on the consciousness about safety among the employees and periodic reviews of safety measures have enabled the company once again to maintain safe operations during the year. Management is maintaining strictly all the required environmental norms and quality systems as per ISO 9001:2008 4. INDUSTRIAL RELATIONS Employee relations continued to be cordial throughout the year. Company continued to follow Govt. policy of reservation in recruitment of SC/ST/OBC. During the year there were no strikes or lock outs affecting the production/profitability. 5. CORPORATE GOVERNANCE Your Company lays emphasis in conducting its affairs with in the frame work of policies and guidelines set by the Government in a transparent manner. It is the endeavor of the Company to build trust between share holders, Employees and Customers based on the basic principles of Corporate Governance. The detailed Report on the Corporate Governance as well as Management Discussion Analysis Report is enclosed as a part of the Director''s Report. This Report analyses in brief the potentialities of the Company as well as the focus of the Company''s business 6. ACKNOWLEDGEMENTS : I place on record my appreciation and gratitude to all the employees and others who had extended their support and co-operation during the year to achieve the targeted goals of the Company. In particular I am grateful to various officials of the Govt. especially from the Ministry of Chemicals & Fertilizers, Department of Chemicals & Petro Chemicals, The Finance Ministry, Ministry of Environment & Forestry, Government of India, Government of Telangana, Promoter Company i.e. HOCL and Board Members. I would like to convey my sincere appreciation to our valued customers, suppliers, Statutory Bodies, Investors, our bankers State Bank of Hyderabad, Statutory/Govt Auditors, etc for the continued support. In conclusion I am fully confident that with the continued support from all of you my urge to place your Company in the pedestal of success will not be unrealistic. We on our part would continue our efforts to take your Company into the future by meeting the challenges, grabbing the opportunities in our endeavor in the path towards turnaround. We look forward to your continued support in this ongoing process. In conclusion I am optimistic that the company would attain significant profits in the near future. Thank you all once again. Sd/- (V B RAMACHANDRAN NAIR) Chairman