CHAIRMAN’S  MESSAGE


CHAIRMAN’S MESSAGE

Dear Shareholders,

I am pleased to share with you an update on your company’s performance for 2021-22. I am presenting the 42nd Annual Report of K G Petrochem Limited reflecting on our accomplishments during the financial year 2021-22.

Just a year ago when the World Health Organisation (WHO) declared COVID-19 a pandemic and India imposed a strict lockdown in March. Since then, lives have been lost, surviving life has been disrupted and lifestyles have been fundamentally altered. In India, some areas of activity, especially contact intensive ones, have been deeply scarred. In factory-based manufacturing and institutionalized services, there has been considerable adaptation to pandemic protocols, enabling normalization of work processes quicker than in other sectors.

As far as Indian exports crossed US$ 40.38 billion in March 2022 . India’s merchandise exports in March 2022 were valued at USD 40.38 billion, as compared to USD 35.26 billion in March 2021, an increase of 14.53%.

The Ministry of Commerce, Cotton Raw & Waste exports reached a level of USD 1342.97 million in March 2022 marking a growth of 21.53 per cent against the corresponding month of March 2021, wherein exports were valued at USD 1105.05 million. Exports of Textile yarn Fabric during the period April – March 2022 have shown a decrease of (-) 2.72% reaching a level of USD 163.41 million over the previous year with exports of USD 167.98 million during the period April – March 2021. The decline of 2.72% is mainly because of steep falls in April/May. It may also be noted that exports of cotton have shown positive growth.

However COVID-19 has also impacted the business. The major issue faced were supply interruption of raw material, availability of labour, high inflation rate, high shipping/transportation cost . Results the company data shows decline compare to the last year.

Some Key Features on Company’s Data:

Here are some key data

·         Total  revenue from operation amounts to 35376.70 Lakhs — an increase of 15.73% from that of the previous year.

·         Earnings before interest, tax, depreciation and amortization (EBITDA) is increased by 5.5 %

·         Profit before tax (PBT) before exceptional items up  by 7.2%.

·         Profit after tax (PAT) before exceptional items up  by 10.1%.

In this scenario our aim is to ensure that the employees feel supported and valued. In times like these, it is important to come together and to value health over everything else. With the second wave of COVID-19, we continue to stand in solidarity with every member to ensure their mental, physical and financial well-being, as they navigate through these challenging times

 On this note, I would like to express my sincere thanks to our Board Members for their unwavering support and guidance in these difficult times. I would also like to express my gratitude, towards the cooperation and assistance extended by the Central Government, Government of Punjab, Government of Madhya Pradesh, Financial Institution(s), Bank(s), Dealers and Society at large. Further wants to thank all the shareholders, customers and vendors around the world for their continued trust in Trident. And last but not the least, my heartfelt thanks to all our members, whose dedication and passion remain the biggest driver of the Company’s vision and strategic goals. Best wishes for the year ahead. Stay safe!

I extend my sincere thanks to all our stakeholders including lending banks, shareholders, customers and our loyal, hardworking and committed employees for their unstinted support in shaping and improving the performance of the Company and for inspiring us even in the turbulent time in the recent past.

 

With warm regards,

        Sd/-

Gauri Shanker Kandoi

Chairman cum Whole-Time Director

DIN: 00120330