financial report of nacl
Post on 10-Apr-2018
220 Views
Preview:
TRANSCRIPT
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 1/32
A
PROJECT REPORT ON
“FINANCIAL REPORT”
NATIONAL ALUMINIUM COMPANY LIMITEDSMELTER PLANT,ANGUL DIVISION
PROJECT SUBMITTED BY
KIRAN BALA PATRA
For the partial fulfillment of the Degree of B.COM(Acct.)
P.N Autonomous college, Khurda
Project Guide Institute Guide
B.K. Dash
B.Padhiary
Senior Manager,Finance
(NALCO) P.N Autonomous College, Khurda
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 2/32
CONTENTS:-
1. CHAPTER-1:INTRODUCTION
a. Introduction.
b. Need for a study.
c. Objectives.
d. Details.
2. CHAPTER-2:General profile of company
General profile
a. Nalco company
b. Origin & history
c. Location of company
d. Nalco product
e. Objective
CHAPTER-3:Finding analysis and interpretation
4. CHAPTER-5:Summary
a. Suggestion
b. Conclusion
c. Bibliography
d. Annexure
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 3/32
Preface
Finance as a subject of study has received wide spread support from both the
academic and business segment people.
The topic “Inventory Management” in National Aluminium Company Limited
was selected as to understand the inventory needs and importance with
special reference to National Aluminium Company Limited ,Angul Division .
As the Inventory Management refers to the administration of all aspect of Raw
material ,Work in progress ,Finished goods and the Spare parts. The mainreason of this study is to know how the organization is managing ,planning
,organizing and controlling the inventory.
Even efforts have been made to collect relevant information about the
topic.The present study of “Inventory Management” in NALCO,Smelter Plant
Angul Division is based in Finance and Stores Department of NALCO.
This training attends me an opportunity to make a study and analyse the
system adopted by the Organization. It enables me to build the practical
knowledge acquired during the class study with practical training received
during my project study.
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 4/32
DECLARATION
I do here by declare that I have under gone by a
project on “FANANCIAL REPORT” under the guidance of Mr. B.k.
Dash,Senior Manager finance ,National Aluminium Company
Limited, Smelter plant division Angul.This report is submitted by
me in partial fulfillment of B.COM(Acct.) cource from P.N
Autonomous College, Khurdha. The report is exclusively prepares
and; conceptualized by me. All the information and, data given
here in this project are as per my fullest knowledge collected
during my study and from the various websites. It has not been
published any where before.
Thanking
you
Date:
Place:
Signature
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 5/32
Acknowledgement
I have pleasure to express my sincere gratitude and appreciation to our
respected Faculty member ,Mr.B.Padhiary for giving me such project of Nationl
aluminium company limited and giving me the opportunity to work under such
a respected organization and to complete such a challenging in my career.
Finally ,I have the pleasure to express my gratitude and appreciation to
Mr.B.K. Dash,senior finance manger Nationl Aluminium Company Limited .For
giving such a challenging and vital project to accomplish. Moreover I am very
thankful to him for the precious advice and guidance given in the context of this summer training project.
KIRAN BALA PATRA
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 6/32
Chapter-1
INTRODUCTION
INTRODUCTION
Finance is the life blood of any business. Inventory Management is
the process of identify the inventory need for the organization like the Raw
material, Work in progress, finished goods and the spare parts for a
organization. What are the techniques used for the inventory management for
the development of the organization like the ABC analysis, XYZ Analysis or the
economic order quantity for the development of the organization.this is also
carried out by establishing different types of relationship among different
items i.e. the inventory conversion period.
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 7/32
NEED FOR STUDY
Inventory management is needed to study to know the better
management of inventory. Inventory is the most important thing for an
industry. Without Inventory there is no place of a company. How much of
inventory is needed for what and what amount of inventory is needed for a
plant or Industries that is the most important thing for a firm.
By inventory management we can know how much of raw material is
required for a plant. Because if we purchase excess amount of raw material
then the working capital is spent. And the money is idle and idle money means
no profit. Working capital is required for the day to day expenses.
We also know about the work-in-progress, finished goods and the
spares. Spares are the necessary thing for a plant. We also know which are
the vital or most important items for a plant and which product in what
amount we also know by the inventory management. So inventory
management is needed for the better management of the raw material to the
finished goods.
OBJECTIVE OF THE STUDY
The project report is prepared considering the following objective:-
(1)The study on profile of National Aluminium Company Limited.
(2)To study the inventory management of NALCO.
(3)To know the technique used by NALCO for inventory management.
(4)To know the current ratio of NALCO.
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 8/32
DETAILS
The data have been collected to classify the tabulation forms,appropriately statistically technique have been used to analyze the data to
derive at meaningful results.
The data has been collected from the primary sources. Separate personal
interviews were made with the staff attached with cash, stores, and account
section. Questionnaire were given to executives of the finance department of
the company with a request to supply data regarding the procedure and
techniques adopted by them for inventory control. Interaction was also held
with the G.M (Finance) in order to supplement the information received. These
data have been analysed with a view to arrive at conclusions by the
management for effective control of inventory.
Further from the various method and technique available for analysis
ratios, percentages and graphs are used for the above study. The data has
been collected from secondary sources like Annual report, journal, monthly
news, letter etc.
LIMITATIONS
The study of the solely depends upon reliability of the data and information
collected from the secondary sources. It is not possible to collect information
on all activities taken over the year, thus the study incorporates on limitations
that are inherent in the available published information.
1. The analysis is both theoretical and mathematical in nature and ignores
management factor like motivations.
2. Time being a constraint; it was not possible to go still deeper into the
topic.
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 9/32
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 10/32
CHAPTER-2
GENERAL PROFILE
OF COMPANY
ABOUT NALCO
INTRODUCTION TO NALCO:-
National Aluminium Company Ltd. is the largest Aluminium Company in
India. Nalco is considered to be turning point in the history of Indian
Aluminium Industry.NALCO was established in 1981 with technology
collaboration of Aluminium refinery of France. Today it is India’s Fore-most
Alumina-Aluminium producer and exporter. It owns and operates the largest
integrated Bauxite –Alumina-Aluminium complex in Asia.
NALCO exported it’s product in January 1988 with a Shipment of 76000
tones of Alumna, since them the company has never look back.
Nalco is the first Indian Company to be registered in London metal
exchange. The Company has also received ISO 9002, OHSAS-18001 COMPANY
and 14001(certified for excellence in environment management) for all its
units viz. mines, Alumina refinery, Aluminium Smelter and Power Plant. Nalco
products are sold in about 30 countries including U.K., U.S.A., France, Norway,
Switzerland, Belgium, Brazil, Russia, Australia, China & Japan.NALCO
,India’s2nd largest Aluminium maker, is an appealing target for any metals
company company anxious to go through acquisition according to industry
analysis.
On Panchapatamali hills of Koraput District in Orissa ,a fully mechanized
open-cast mine of 48,00,000 tpa ,serves feedstock to Alumina.Refinery
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 11/32
located down hill ,through a 14.6 k.m. long single-flight multi-curve cable belt
conveyor.Presently the capacity is being expanded to 63,00,000 tpa.
The Govt. which owns 87% of NALCO plans to sell a 30% stake by next
April through American depository receipts, Global Depository receipts and the
domestic market.
IT is one of the world’s lowest cost producers of aluminium ,has good
quality plants, strong bauxite reserves and capacity for browed field
expansion.
NALCO produced Aluminium for $1025 per tonne ,less than the $1200 per
tonne at ALCON and other big foreign producer’s.
PERFORMANCE HIGHLIGHTS
26th annual report together with the audited account,s for the year ended
31st march 2007. Nalco Has achieved the highest ever income of Rs. 6354
crore ,as against the income of Rs. 5122 crore during the previous year and
also the highest ever profit after tax at Rs. 2381 crore as against Rs. 1562
crore in the previous year ,thus registering a growth of 24% income and of
52% in profit .Nalco has achieved highest ever export earning of Rs.2585
crore. The main contributing factor for increase in the income and the profit is
better sales realization both in domestic and in export markets.
Physical Performance
production Unit 2006-07 2005-06Bauxite MT 46,23,278 48,54,253Alumina
Hydrate
MT 14,75,200 15,90,000
Aluminium MT 3,58,734 3,58,954Electricity(Net
)
MU 5,968 5679
There was drop in production of bauxite in comparison to the previous year
due to unprecedented heavy rainfall near the mines which affected the
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 12/32
meaning operation. The target for production of Alumina could not be
achieved due to technical snag in cooling tower in refinery which has since
been shorted out.
SALES
The system of entering into annual MoU with domestic customers for sell of
Aluminium metal from plant and stockyards by providing benefits and
incentives has helped NALCO achieved a growth of approximately 2.1% of
sales in domestic market over the previous financial year.NALCO signed MoUs
with 118 domestic customers in 2006-07 as compared to 112 customers in
previous year.
sales uni
t
2006-
07
2005-06
Alumina-Export MT 7,73,57
3
8,62,616
Alumina-Hydrate-
domestic
MT 10,920 12,994
Aluminium-Expot MT 93122
2,63,49
4
95,747Aluminium -domestic MT 2,58,09
43,56,61
6
3,53,841
Electricity MU 421 322
Sale of 5374MT special Hydrate and 2,858MT Special Aluminium during the
year are the highest volumes sold surpassing the previous highs of 5,354 MT
AND 1,126 MT respectively set in 2005-06.Nalco has also started export of
rolled products from September ,2006 and a favorable feedback has been
received from the customer.
FINANCE
The summarized financial results as compared to previous year are
furnished below.
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 13/32
Particulars 31.03.200
7
31.03.200
6Net sales 5,940Other income 414Total income 6,354
Gross margin 3,941321
2,811381
Less: interest &
depreciationProfit before tax(PBT) 3,620provision for tax 1,239PROFIT AFTER TAX(PAT) 2,381Appropriation:
(a) general reserves 1,800(b)dividend including
dividend tax
556
Earning per share(in rs.) 36.96
Nalco continued to remain a “zero debt” company for the third consecutive
year. The company has a surplus cash balance of Rs. 3563 crore as on
31.03.2007 which has been placed in short term deposits to finance the
capital expenditure on expansion ,which is under progress.
GROWTH
Expansion:-
The company has embarked on an ambitious growth plan under 2nd phase
expansion project at an estimated cost of Rs. 5,003 crore (at march,2007 price
level)
The present capacity of the various project segments and the capacity after2nd phase expansion is given below.
Project segment present capacity
After 1st phase
Expansion
Capacity after
2nd phase
expansio
n
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 14/32
Bauxite mine 4.8 min TPY 6.3 min TPYAlumina
refinery
1.575 min TPY 2.1 min TPY
Alumina
Smelter
3,45,000 TPY 4,60,000 TPY
Captive power
plant
960 mw 1200mw
The progress of the work has gained momentum and by the end of june ,2007
orders have been placed for 76 packages for refinery ,93 packages for smelter
and 19 packages for cpp involving financial commitments of Rs. 3,305 crore
and actual expenditure is Rs. 891crore upto 30.06.2007.The project is
scheduled for commission in December ,2008.
OBJECTIVE OF NALCO
1. To maximize capacity utilization.
2. To optimize operational efficiency & productivity.
3. To maintain higher international standards of excellence in product
quality, cost efficiency and customer service.
4. To provide a steady growth in business by technology up gradation,
expansion a diversification.
5. To have global presence and earn foreign exchange.
6. To maintain leadership in domestic market.
7. To instill financial discipline at all levels foe achieving cost and
budgetary control, optimize utilization of working capital and effective
cash flow management.
8. To maximize return on investment.
9. To development a strong R & D base and increase businessdevelopment activities.
10. To promote a result oriented organizational ethos and work culture that
empowers employees and helps realization of individual and
organizational goals.
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 15/32
11. To maximize internal Customer's satisfaction.
12. To foster higher standards of health safety and environment friendly
products.
13. To participate in peripheral development of the area.
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 16/32
ALUMINIUM INDUSTRY IN INDIA
Name of
thecompany
Present
capacity (InMT)
1999-
00
2000-
01
2001-
02
2002-
03
2003-
04
NALCO 345000 21263 230516231674244708 298208
BALCO 100000 94352 86670 70095 95485 97269
INDAL 79000 43459 43760 44156 51231 65063
HINDALCO 345000 248930252897263001266837 324134
MALCO 40000 18500 29000 29394 31084 32624
TOTAL 90900061
7940
42650
4
64284
3
63832
0
68934
5
81729
8
60006200
6400
6600
6800
7000
7200
7400
7600
7800
8000
2003-04 2004-05 2005-06 2006-07
East
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 17/32
EXPORT TURNOVER
The Board needs regularly and is responsible for the proper direction and
management of the company. All the directors have access to the advice of
the company secretary, who is responsible to the Board for ensuring that
Board procedures are followed and all the applicable rules and regulations are
compiled with. During the financial year ended March 31st, 2005 ten Board
meetings were held. The maximum time gap between any two Board meeting
was not more than two calendar months.
Nalco Consists Of Five Units
• Bauxite Mines at Pancha Patamali ,Koraput District ,Orissa
• Alumina Refinery at Damanjodi , Koraput District ,Orissa
• Smelter Plant at Angul ,Orissa
• Power plant at Angul ,Orissa
• Port Facility at Bisakhapatnam ,Andhra Pradesh
Products Of Nalco
Product mix of NALCO at this stage Consists of
0
500
1000
1500
2000
2500
3000
2002-03 2003-04 20004-05 2005-06 2006-07
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 18/32
NALCO ProductAluminium Metal
• Ingots
• Sows
• Billets
• Wirerods
• Alloy wire rods
• Cast stripsAlumina & Hydrate
• Calcined Alumina
• Alumina Hydrate
Zeolite-A
Special Products
• Specialty Hydrate/Alumina
(Alumina Chemicals)Rolled Product
• Aluminium Rolled Products
CHAPTER-3:
Finding Analysis And Interpretation
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 19/32
Inventory Position In NALCO
Inventory Position In NalcoAs 0n 31st march 2007
Item name % Of ITEMUniversal Material 3
Raw material 13
Finished Goods 38
Coal and Fuel 7Stores Spares and Others 39
total 100
Graph showing Inventory Position Of NALCO as on 31st march 2007
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 20/32
Inventory Position Of Smelter Plant As 0n 31st march 2007
Item name % Of ITEMUniversal Material 2Raw material 14Finished Goods 50Coal and Fuel 1Stores Spares and Others 33
Total 100
Graph showing Inventory Position Of Smelter Plant As 0n 31st march
2007
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 21/32
Sales Turnover
Sales Turnover (Rs in crore)
Sales
2002-
2003
2003-
2004
2004-
2005
2005-
2006
2006-
2007
Export 1501 1717 2200 2306 2586
Domestic 1239 1632 2220 3018 3929
Total Sales Turnover 2740 3349 4420 5324 6515
Graph showing Sales Turnover (Rs in Crore)
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 22/32
Expenditure Of NALCO
Expenditure Of NALCO As On 31stMarch
Item name% of Expenditure
Raw Material 20
Power & Fuel 32
Employees Cost 14
Repair & Main. & other ManufacturingExp. 14
Admn.S&D & Other Cost 8
Depreciation 12
Total 100
Graph Showing Expenditure Of NALCO As On 31st March
Raw Material
Pow er & Fuel
Employees Cost
Repair & Main. & other
Manufacturing Exp.
Admn.S&D & Other Cost
Depreciation
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 23/32
Income of NALCO As on 31ST March 2007
Graph Showing The Income Of NALCO
Income
Export
Domestic
others
Item % of Income
Export 41
Domestic 53
Others 6
Total 100
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 24/32
Aluminium (In '000 MTs)
Total2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
Production 245 298 338 359 359
Export 107 130 133 96 93
Domestic Sales 135 167 206 258 263
Graph showing Aluminium (in ‘000 MT s)
Aluminium (in '000 MTs)
0
50
100
150
200
250
300
350
400
2002-
2003
2003-
2004
2004-
2005
2005-
2006
2006-
2007
Production
Export
Domestic Sales
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 25/32
Stocks Of Raw Material (Rs in Crore)
Items
31st
march2004
31st
march2005
31st
march2006
31st
march2007
Caustic Soda 145.83 147.07 208 189.94
C.P.Coke 108.85 168.25 177 174.62
C.T.Pitch 53.1 63.21 63.4 106.7
Aluminium Fluoride 30.94 31.98 36.7 47.53
Lime 9.72 11.67 12.1 14.54
Crystal Growth Modifier 5.75 4.97 5.53 4.91
Purchased Anode 27.41 0 0
others 27.44 17.09 19.1 19.35
Total 409.04 444.24 521 557.59
0
100
200
300
400
500
600
31st March
2004
31St March
2005
31st March
2006
31st March
2007
total
3-D Column 2
3-D Column 3
Raw material is one of the important part of the inventory.Without
adequate quantity of raw materials of a unit can’t run a day .Here in the above
amount of raw materials for 31st march 2004 is409.04 (crs) ,2005 is 444.24
crs,2006 is 521crs and 2007 is 557.59 crs.Here the raw material is increasedwith the same level. Which suggest an in inadequate method of material issue
and the materials purchased without requirement.
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 26/32
STOCKS OF FINISHED AND INTERMEDIATARY GOODS(Rs in crore)
0
50
100
150
200
250
31st march 2004 31st march 2005 31st march 2006 31st march 2007
t
Interpretation
Work-in progress and finished goods are another part of the inventory.
Work-in-progress inventories are semi manufactured products. Here in the
above amount of work in progress and finished goods for 31st march 2004 is
143.86(crs) ,2005 is 166.63 crs,2006 is 234.98crs and 2007 is 246.60 crs.Here
the work in progress and finished goods are increased in a same manner.
Items
31stmarch2004
31stmarch2005
31st march2006
31stmarch2007
Calcinated Alumina 37.24 32.81 11.16 16.09
Special Grade Alumina 0 0.03 0.04 0.04
Aluminium Standard & Sow ingots 11.47 8.42 0.16 0.09
Aluminium Wire Rods 0.56 1.11 46.98 43.93
Aluminium Billets 0.42 1.89 1.13 0.11
Aluminium Strips 1.52 4.06 30.77 27.29
Rolled Products 0.02 0.04 10.2 14.02
INTRMEDIARY Products
Anodes 34.4 53 55.58 71.03
Anode Butts 0.47 0.59 2.12 1.46
Aluminium Scarps 4.54 4.58 6.51 0.84
Work in progress 53.22 60.1 70.33 71.7
Total 143.86 166.63 234.98 246.6
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 27/32
CHAPTER-5SUMMARY
SUGGESTION
CONCLUSION
ANNEXURE
BIBLIOGRAPHY
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 28/32
SUMMARY
Inventory management is the process of identifying the product which
is must necessary for a plant or firm. And which product is stored how much
and how much of money is spend for purchasing those items. As the primary
objective is to know how to mange the inventory in the plant. Working capital
of a concern is directly concern with the sales. The current assets like debtors,
bills receivables, cash,stock,etc. change with the increase or decrease in sales.
From the Balance Sheet we also know about the current assets and
the current Liabilities. We also analyses the current Ratio.By the inventory
management we can analyse the inventory of a product.
SUGGESTION
The ratio of the company of NALCO is high which indicate high
liquidity of NALCO but at the same time current asset return is less
than fixed assets .So NALCO should reduced the investing in current
assets and being down the current ratio.
Being a old player in the Aluminium sector NALCO sales are less
than the Balco and Hindalco so it should take necessary steps to
over come this competition and increase its both export and
domestic sales.
NALCO should under take some sales promotion activities to
increase its export sales because with compare 2003-04 to 2006-07
the export sales especially for Aluminium is come down.
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 29/32
CONCLUSION
Inventory management is a sensitive area in the field of financial
management. It is the nerve of financial management.
Inventory management is the most vital activity of any
organization. It is a very often noticed that so called profitable companies
have gone out of business due to inefficient management of inventory.
Thus a company should maintain a sound inventory position and
these should be optimum investment in inventory. To get benefit ,itsnecessary to manage inventory in best possible way.
Inventory management includes forecasting of future demand of
the finished products as raw materials, stores and spares, etc.
This study indicates that NALCO’s investment in inventory is
very high and the liquidity position is very low ,as NALCO is growing
organization and for improving in faster in the present business
environment, it should be using more improved technique for inventory
management and maintain a necessary level of inventory.
Since ,now a days the problem of inventory management has
acquired special importance in India,we hope for NALCO that the time will
come when the company,NALCO will show the excellency in management
of inventory among all the India public sectors.
Nalco is remain a “zero debt” company for the 3 rd consecutive
year.NALCO utilized its internal cash generation to meet its working
capital requirement and it had not utilized any working capital borrowing
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 30/32
facility during the year .NALCO has got the navaratna as it maintains the
high quality of management.
In 2006-07 there was drop in production of bauxite in
comparison to the previous year due to unprecedented heavy rainfall near
the mines which affected the mining operation. The target of production
of alumina could not be achieved due to technical snag in cooling tower in
refinery which has since been sorted out.
BIBLIOGRAPHY
1) Financial Management by :I.M. Pandey
2) Financial Management by :M.Y. Khan & P.K. Jain
WEBSITE:
• www.nalco.com
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 31/32
S W O T A N A L Y S I S O F N A L C O
SWOT Analysis of NALCO identifies Strength and Weakness and relates them with
forward looking opportunities and threats.
STRENGTH• Modern Technology.
• High Quality Product.
• Energetic Human Resource (HR).
• IT Friendly Culture.
WEAKNESS• Risk Adverse (Aging).
• Procedural and Bureaucratic.
• Limited Product Mix.
• ‘Disengaged’ HR.
OPPORTUNITIES
• Scope for increased in Aluminum consumption in India.
• New application areas of various Value Added Products.
• Joint Ventures both in India and Abroad.
• Technological Collaboration for R&D.
THREATS
• Competition from substitute materials.
• Fluctuations in LME prices.
• Reduction in Aluminum import tariffs.
8/8/2019 Financial Report of Nacl
http://slidepdf.com/reader/full/financial-report-of-nacl 32/32
BY
top related