Financial Survy

Meghmani Finechem Ltd.
BACKGROUND OF THE COMPANY

It was in 1986, when Gujarat Industries was established as a partnership firm in
Gujarat, India to manufacture pigments. High productivity and profitability
transformed Gujarat Industries to a joint stock company, under the name of
Meghmani Organics Limited, by 1995. Since then Meghmani Organics Limited has
diversified its business interests to include a range of pesticides and other
pigments products as well.
Today, Meghmani Organics Limited is leading manufacturer of pigments and
pesticides products in the country and is the recipient of several prestigious
awards in recognition of its outstanding business performance.
Meghmani group of industries today is one of the leading exporters of dyes and
pigments from the India. Meghmani group of industries consist of:-
HOLDING COMPNEY
Related Companies
Magmani organics limited
Maghmani finechem limited
Ashish Chemicals
Meghmani Pigments
Meghmani Industries Limited
Matangi Industries
Meghmani Dyes & Intermediates &

Meghmani Industries Limited
Matangi industries
Mansi chemicals
Other related company

Meghmani Europe BVBA
Meghmani Energy Ltd
Meghmani Organics Inc. USA
PT Meghmani Indonesia
Chemtech Ltd
Ashish Chemicals
Ashish Chemicals (EOU)
Alpanil Industries
Meghmani Infrastructure
Vidhi Global Chemical Ltd
MFL, DAHEJ.
In 2008, MOL set up a subsidiary chlor-alkali project at Dahej with an

investment of US$125 million with part investment made by the International
Finance Corporation Limited to manufacture caustic soda/chlorine under
Meghmani Finechem Limited banner.
The plant, with a manufacturing capacity of 1,10,000 tpa of caustic soda

is located at Dahej in Gujarat. The unit also houses a 40 MW captive power plant.
The project has been funded with equity of Rs 185 crore and a debt of Rs 370
crore provided by a consortium of State Bank of India.
Sited in a 161-acre piece of land in Dahej, the proposed plant will be set
up under a special purpose vehicle (SPV), Meghmani Finechem Limited (MFL),
employing the latest membrane cell technology to provide a ready and captive
source of basic chemicals as the Group consumes significant quantities of caustic
soda, chlorine gas and derivatives of chlorine gas for our pigments and
agrochemicals operations.
FORM OF ORGANISATION
Meghmani Finechem Ltd. is the public limited company.
Project description
Meghmani Organics Limited (MOL or the sponsor), a manufacturer of specialty
chemicals in Gujarat, India has set up a new company - Meghmani Finechem
Limited (MFL or the company), which will construct and operate a 110,000 tons
per annum (tpa) chlor-alkali plant together with a 40MW captive power plant,
both at a greenfield site at Dahej, Gujarat. The proposed project supports the
efforts of MOL to improve its competitiveness by partial backward integration of
its operations while using environment-friendly membrane cell technology. The
chlor-alkali plant is expected to become operational in CY2009.
MOL views MFL as the vehicle for the future investments and growth which will
build on MOLs technical expertise and existing operations. After the project,
which represents Phase I, is complete, the shareholders hope to move into Phase
II, which would focus on downstream chlorine derivatives such as PVC, ECH,
mono-chloro acetic acid, cyanuric chloride, aluminum chloride, calcium chloride,
methyl chloride, hydrogen peroxide and others.
Project sponsor and major shareholders of Project Company

MOL, the project sponsor (initially named Gujarat Industries Limited) was
established in 1986 by Mr. Jayanti Patel, Mr. Ashish Soparkar, Mr. Natu Patel, Mr.
Ramesh Patel and Mr. Anand Patel (known as the Promoters). MOL established its
first manufacturing facility for pigments at Vatva in Gujarat. Subsequently, three
other plants were also established in Gujarat: in 1995 an agrochemical plant in
Chharodi, in 1998 a pigment plant in Panoli, and in 2003 an agrochemical plant in
Ankleshwar. MOLs products are divided into two segments, each accounting for
about half of its sales:
- agro-chemicals and pesticides manufactured in the Ankleshwar and Chharodi

plants and
- color pigments, manufactured in Vatva and Panoli plants. For the fiscal year
ended March 31, 2007, MOL reported sales of $108 million and net income of
about $9 million.
MOL is 48.8% owned by the controlling shareholders and their families. The rest is
owned by the public and by private equity investors through Singapore
Depositary Shares (30.1%) and through direct listing in Bombay Stock Exchange
(21.1%). MOL first became a publicly listed company on the Singapore Stock
Exchange in 2004 and was listed on the NSE/BSE in June 2007.
Total project cost and amount and nature of IFC's investment

The project, which is expected to cost about $125 million, will be financed with
about $40-42 million in equity and $82-85 million in long-term debt. IFC is to
provide financing of up to $30 million, including about $8-10 million in equity and
up to $20 million in debt.
Location of project and description of site

MFL will construct a 110,000 tpa chlor-alkali plant and a 40 MWH captive power
plant at a Greenfield site at Dahej, Gujarat. The success of the chlor-alkali plant
will largely depend on the economic availability of salt and power. Dahej is one of
the largest producers of salt in Gujarat. Coal, the key source of fuel for the captive
power plant, can be easily imported through Dahej port.
Anticipated development impact of the project

The project will help establish international standards of environmental and social
performance for MFLs facilities using the environmentally friendly membrane
cells technology. The benefits can be expected to have a positive demonstration
effect on its competitors, thus encouraging other Indian chemical companies to
improve competitiveness in the global markets and at the same time adopt the
modern technology and environment-friendly operating standards. In addition,
the project is expected to have the following measurable developmental benefits:
- Once operational, the project is expected to create about 500 new jobs on
permanent basis which would be available for locals. Indicator: number of jobs at
the plant starting at 2010.
- During construction period, the project is expected to create 200 to 1000

temporary construction jobs depending on the construction phase. Indicator:
number of construction workers employed 2009.
- The project generate downstream economic impact in the local economy as the
company will planning to source its main feedstock (raw salt) from local
producers, primarily SMEs, in Dahej area. Indicator: value of raw materials
sourced from local producers.
10
Environmental and social issues - Category B

This is a Category B project according to IFCs Environmental and Social Review
procedures because a limited number of specific environmental and social
impacts may result which can be avoided or mitigated by adhering to generally
recognized performance standards, guidelines or design criteria. Mitigation
measures for the potential environmental and social impacts are identified and
incorporated in the Environmental and Social Action Plan (ESAP).
11
VISION AND MISSION STATEMENTS

Vision:
To become a global leader in the chemicals and allied industries
Mission:
We will lead by:Empowered work environment speed of decision making honoring
commitments focusing on result innovation and efficiency.
Values:
A carrying member of the society an equal opportunity provide fair to our
stakeholder and a preferred source for our invaluable customers.
INVESTMENT IN PLANT AND MACHINARY

The investment in plant & machinery is Rs. 555 crores. [US$191.3million]
12
MFL BOARD OF DIRECTOR

PROFILE
PHOTO
Mr Jayanti Meghjibhai Pate1 is the Executive Chairman of our
Company. Together with our Managing Director Mr Ashish N.
Soparkar, our Managing Director Mr Natwarlal M. Pate1 and our
Executive Directors Mr Ramesh M. Pate1 and Mr Anand I. Patel,
he was a co-founder and partner of MIS Gujarat Industries, which
was subsequently converted to our Company in 1995. He
currently oversees the international marketing of our Company
and is responsible for all major policy decisions.
Mr Jayanti M. Patel has more than 29 years experience in t he
dyes and Pigments industry, and more than 10 years experience
in the Agrochemicals industry. Mr Jayanti M. Pate1 was appointed
as our Executive Chairman since the incorporation of our
Company in 1995.
Mr Jayanti M. Pate1 holds a Bachelors of Chemical Engineering
degree fkom Maharaja Sayajirao University, Baroda.
Mr Ashish Natwarlal Soparkar is the Managing Director of our

Company. Together with our Executive Chairman Mr Jayanti M.
Patel, our Managing Director Mr Natwarlal M. Pate1 and our
Executive Directors Mr Rarnesh M. Pate1 and Mr Anand I. Patel,
he was a co-founder and partner of M/s Gujarat Industries, which
was subsequently converted to our Company in 1995. He was
responsible for pioneering the export division of our Company. He
currently oversees the corporate affairs and finance matters of
our Company.
Mr Ashish N Soparkar, has more than 29 years experience in the
dyes and Piments industry, and more than 10 years experience in
the Agrochemicals industry. Mr Ashish N soparkar was appointed
as our Managing Director since the incorporation of our Company
in 1995.
Mr Ashish N. Soparkar holds a Bachelors of Chemical Engineering
degree fkom Maharaja Sayajirao University of Baroda.
13
Mr Natwarlal Meghjibhai Pate1 is the Managing Director of our

Patel, our Managing Director Mr Ashish N. Soparkar and our
Executive Directors Mr Ramesh M. Pate1 and Mr Anand I. Patel,
was subsequently converted to our Company in 1995. He
currently oversees the technical matters of the Agrochemicals
divisions, as well as the international and domestic marketing of
our Agrochemical products.
Mr Natwarlal M Patel, has more than 27 years experience in the
dyes and Pigments industry, and more than 13 years experience
in the Agrochemicals industry. Mr Natwarlal M Pate1 was
appointed as our Managing Director since the incorporation of
our Company in 1995.
Mr Natwarlal M. Pate1 holds a Masters of Science degree from
Sardar Pate1 University Gujarat.
Mr Ramesh Meghjibhai Pate1 is the Executive Director of our

Patel, our Managing Directors Mr Ashish N. Soparkar and Mr
Natwarlal M. Pate1 and our Executive Director Mr Anand I. Patel,
was subsequently converted to our Company in 1995. He was
appointed as Whole time Director in 1995 and redesignated as
Executive Director in 2004. He is currently in charge of overseeing
purchases made by our Company (including domestic purchases
and global imports) and is responsible for all liaisons between our
Company and government authorities or other regulatory bodies.
Mr Ramesh M. Pate1 has 27 years experience in the Pigments
Industry and 9 years' experience in the Agrochemicals Industry.
He was appointed as our Executive Director since the
incorporation of the Company in 1995.
Mr Ramesh M. Pate1 holds a Bachelors of Arts degree from
Saurashtra University.
14
Mr Anand Ishwarbhai Pate1 is the Executive Director of our

Patel, our Managing Directors Ashish N. Soparkar and Mr
Natwarlal M. Pate1 and our Executive Director Mr Ramesh M.
Patel, he was a co-founder and partner of MIS Gujarat Industries,
which was subsequently converted to our Company in 1995. Mr
Anand I. Pate1 was appointed as Whole time Director in 1995 and
redesignated as Executive Director in 2004. He currently oversees
the manufacturing of Pigments as well as the domestic marketing
of Pigments.
Mr Anand I. Pate1 has 20 years experience in the Pigments
Industry. Mr. Anand I Patel, was appointed as our Executive
Director since the incorporation of our Compa ny in 1995.He holds
a Bachelor of Science degree from the Gujarat University.
Mr. Chinubhai Shah, 69 years, was appointed as a Director of our

Company on April 13,2000 and has been on our Board since then.
He holds a Masters degree in Arts and a Masters degree in Law.
He also has a Diploma in Labor Practice and Diploma in Taxation
practice, both from Gujarat University. He is a fellow member of
the Institute of Company Secretaries of India and fellow
membership for life was also conferred on him by All India
Management Association, New Delhi. Mr. Chinubhai Shah was
twice elected as the President of the Institute of Companies
Secretaries of India. He was also elected as the President of All
India Management Association. He was a visiting professor and a
member of the Board of Governors of the Indian Institute of
Management, Ahmedabad. He was the President of the Gujarat
Chamber of Commerce and Industry and was also a membe r of
the Comvanv Law Advisow Committee in the Government of
India. He is presentiy a-member of th;secondary Market Advisory
Committee of SEBI. He has had more than 42 years experience in
the areas of management, finance and accounting. Mr. Chinubhai
Shah headed Torrent Pharmaceuticals and Torrent Exports
Limited of Torrent Group as Executive Director in charge of
finance and Corporate affairs from 1991 to 1998. From 1999 to
2000 he was the Managing Director of Ahmedabad Electricity Co.
Limited (presently Torrent Power Limited). His last assignment
was with Torrent Investment Limited as Executive Director in
charge of finance matter. He is on the Board of Directors of
leading business groups like Adani, Cadila, Nirma, Tata and
others.
15
Mr. Balkrishna Thakkar, 69 years, was appointed as a Director of

our Company on April 13, 2000. He holds a Bachelor of Commerce
degree from Gujarat University and is also a fellow member of the
Institute of Chartered Accountants of India. Since 1974, after
qualifying as Chartered Accountant, he started his own practice.
He is currently practicing as a Chartered Accountant in the name
and style of Ballcrishna Thakkar & Co., a sole proprietorship that
he founded in 1975, and his primary practice areas are audit and
taxation.
Mr. Jayaraman Vishwanathan, 49 years, was appointed as a

Director of our Company on July 17,2003. He has more than 22
years of experience in industry, banking, private equity and
entrepreneurial related assignments, both in India as well as in
other countries. He was the Director and the Head of Direct
Investments in Jardine Fleming India Securities Limited ("JF
Electra") (now Electra Partners Asia Limited "Electra Asia") from
December 1995 to July 1999 and has rejoined Electra Partners in
February 07,2005. He holds a Bachelors of Commerce (Honours)
degree from the University of Delhi, India. He is also a qualified
Chartered Accountant and also a Management Accountant from
the Chartered Institute of Management Accountants, London,
United Kingdom.
Mr. Foo Meng Tong, 64 years, was appointed as a Director of our

Company on March 5, 2004. Prior to joining the private sector in
1993, he was with the Economics Development Board ("EDB") for
26 years from 1963 to 1993. His last appointment was as Director
(Industry) and concurrently General Manager, EDB Investment
Pte. Limited where he was involved in industrial planning and
development as well as venture capital investment. From 1994 to
1997, he served as the Ambassador in Paris, accredited to France
and concurrently to Spain, Portugal, Switzerland (from 1994 to
1996) and Israel (from 1996 to 1997). He holds a Diploma in
Electrical Engineering from Singapore Polytechnic. He was
awarded the Public Administration Medal (Silver) in 1986 and the
French Government conferred him as a Chevalier in the Order of
the Palmes Academiques in 1998. He is a fellow member of the
Institute of Engineers in Singapore.
16
Mr. Pankaj Shah, 59 years, was appointed on March 28, 2005, as

an Additional Director on our Board. Prior to joi ning our Board, he
served for 3 1 years primarily in the senior executive positions in
business management, marketing and operations. He served as
Chairman and Chief Executive of Du Pont India Limited from
1998- 2004 and as Regional Managing Director of Du Pont
Automative business at Seoul, South Korea from 1996 - 1998. He
holds a Bachelors of Science (Chemical Engineering) degree from
Banaras Hindu University, India. He also holds a Master of Science
(Chemical Engineering) degree from University of South We stern
Louisiana and also Masters in Business Administration from the
University of Northeast Louisiana USA.
17
AWORD AND ACHIVEMENT OF MEGHMANI

Year
Award
1994-1995 National export award from the President, Government of India
Award from Basic Chemicals, Pharmaceuticals & Cosmetics Export
Promotion Council (CHEMEXCIL), Mumbai
Certificate of merit for outstanding export performance from the
Ministry of Commerce, Government of India
Award for excellent export performance from the Government of
Gujarat
1995-1996 National export award from the President, Government of India.
Export award from Gujarat Dyestuffs Manufacturers' Association
(GDMA), Ahmedabad
1996-1997 Award for excellent performance in exports by the Federation of
Indian Export Organization, Government of India
Trophy for export performance from GDMA, Ahmedabad
Certificate of merit for outstanding export performance from the
Ministry of Commerce, Government of India
1997-1998 Award for direct export of self manufactured dyes by GDMA,
Ahmedabad
Award for export performance from GDMA, Ahmedabad
2000-2001 Award for excellent performance from CHEMEXCIL, Mumbai
Award for appreciation of export performance from GDMA,
Ahmedabad
Six Sigma award from General Electric
2002-2003 Award in appreciation of export performance from GDMA,
Ahmedabad
18
2002-2003 "First Award" for outstanding export performance from Chemexcil,

Mumbai
2003-2004 Certificate of Excellence - the Niryat Shree award in the Chemicals,
Drugs, Pharma and Allied products - Non-SSI Category, from
the Federation of Indian Export Organisations (FIEO) for its
outstanding export performance
2003-2004 Certificate of Excellence - the Niryat Shree award in the Chemicals,
Drugs, Pharma and Allied products - Non-SSI Category, from
the Federation of Indian Export Organisations (FIEO) for its
outstanding export performance
2004-2005 Silver Trophy - the Niryat Shree award in the Chemicals, Drugs,
Pharma and Allied products - Non-SSI Category, from the Federation
of Indian Export Organisations (FIEO) for its outstanding export
performance
2005
Certificate of Appreciation for Safety Records rom the Gujarat Safety
Council (Ankleshwar site)
2006
SIAS Investors Choice Award for the most transparent company

SIAS Investors Choice Award for the most transparent company
19
MLESTONES SINCE INCEPTION

Year
1995
Description
MOl company set up its faculty at chharodi, ahemdabad, to
manufacture insecticides, agrochemicals
1996
J F Electric (Mauritius) limited (JFE), now known as electra

partners Mauritius limited invested Rs.200 million
Along with pisces pte limited investing Rs.180 million and our
promoters investing Rs.57 million.
1996
Company expanded its pigment business by purchasing land at GIDC,

panoli near ankleshwar.
1998
Commencements of commercial production of pigment blue at the

panoli plant.
1999
Company was awarded the ISO 9001-2000 certification for the

achievement of the quality assurance in production, purchasing,
marketing and distribution in relation to vatva, panoli and chharodi
plant.
2003
Comapney acquired assets of unit II from rallis india limited(Rallis)

situated on plot no. 5001/B at GIDC ankles war for expansion o
agrochemical production and started commercial production of
agrochemicals at the ankleshwar
2006
Expansion of cyper methric acid chloride (CMAC) plant at the

ankleshwar unit with an investment of Rs. 180 million and
commencement of commercial operation of the palnt.
2008
MOL company set up meghmani finechem ltd at dahej.
20
PRESENT PROFILE
COMPANY NAME
MEGHMANI FINECAHEM LIMITED
PLANT LOCATION:-
Plot no. CH1/CH2,

Dahej GIDS industrial estate
Opp. Luna chemical , dahej
Dist. Bharuch 392 130
Gujarat, india.
REGISTERED OFFICE:-
Plot no. CH1/CH2,

Dahej GIDS industrial estate
Opp. Luna chemical , dahej
Dist. Bharuch 392 130
Gujarat, india.
BOARD OF DIRECTORS:-
Mr. Jayanti M Patel

Mr. Ashish N Patel
Mr. Natwarlal M patel
Mr. Ramesh M Patel
Mr. Anand I Patel
Mr. Chinubhai R Shah
Mr. Balkrishna T Thakkar
PRINCIPAL BANKERS:-
ICICI BANK
SBI BANK
BANK OF MAHARASTRA
BANK OF INDIA
21
FUTURE EXPANSION PLANS

In near future maghmani group will invest around Rs.200 crore for
expansion for their business at dahej SEZ Ltd.
PERFIRMANCE GRAPH 2010-11
SALES (IN MT)

10000
9000
8000
7000
6000
5000
SALES (IN MT)
4000
3000
2000
1000
0
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
PRESENT MANPOWER STATUS

PERMENANT
TRAINEE
CONTRACT
TOTAL
11
259
550
STAFF
280
22
ORGANIZATION STRUCTURE
BOARD OF DIRECTOR
MANAGING DIRCTOR
EXECUTIVE DIRCTOR
DEPARTMENTAL V.P
GENRAL MANAGER
DEPARTMENTAL HODs
PRODUCTION
POWER
FINANCE
HRD & AMD
MARKETING
PLANT
PURCHASE
MECHANICAL
QCD
ELECRICAL
INSTRUMENT
SAFETY
23
TYPES OF COMMUNICATION CHANNEL

Communication channel refers to the medium or way through which
different department continuously contract with each for smooth running of
organization activities.
In MFL, both horizontal and vertical communication channel used in both
ways formally and informally.
Medium of exchange:
Notice board
Orally
Telephonic
E-mail
PRESENT PRODUCTION MIX

MAIN PRODUCTION
BY PRODUCTION
CAUSTIC SOD LYE 48%

(NaOH)
CAUSTIC SODA FLAKES 98.5%
(NaOH)
LIQUID CHLORINE
(CL2)
HYDROGEN
(H2)
HYDROCHLORIC ACID
(HCL)
SODIUM HYPOCHLORIDE
(NaOCL)
24
COMPARATIVE SCENARIO
The product manufactured by maghmani finechem Ltd. Are available in
domestic market as well as foreign market and this achieved through an extensive
distribution network of the branch officer and retailers of the company.
OVERALL ORAGANIZATION CULTURE

In Mehghmani finechem Ltd. Employees are abide of the policies of the
company. They strictly follow the rules and regulation. In the return they get good
facilities. Here, employees are co-operative to one another on their duty. The
relationship between superior and subordinate in Meghmani organics Ltd. Is good
productive.
STRATEGIES FOR FUTURE GROWTH AND DEVELOPMENT

To position itself better from increased demand from local market, the
company has increased the production capacity of its caustics and chlorine to
meet the demand of its global customers base, the company is in the process of
introducing new range of high performance caustic and chlorine.
25
DEPARTMENTAL STRUCTURE
V.P (UNIT HEAD)

MR. M. A. HANIA
H.O.D.
(HEAD OF DEPARTMENT)
MR. JITESH VAGANI
MR. NANDLAL
SHIFT INCHARGE
(4 PAERSIONS)
D C S ENGINEER
(4 PERSONS)
SENIOR
SUPERVISOR
OPERATORS
(25 PERSONS)
26
27
ACTIVITIES
Collection of production orders from the marketing department
Analysis for availability & procurement of raw material
Yield & efficiency analysis
Material information reports generation
System development
Co ordination with various department
Planning of manpower for daily operation
Receiving raw material from stores department
Co-ordination with purchase department for purchase of raw material in
case of non availability in stores
Daily planning of production activity
To ensure and maintain production quality
To achieve production target
To ensure optimum utilization of resources
TYPES OF PRODUCT & SPECIFICATIONS

MAIN PRODUCT
BY PRODUCT
CAUSTIC SODA LYE 48%
HYDROGEN
(NaOH)
(H2)
CAUSTIC SODA FLAKES 98.5
HYDROCHLORIC ACID
(NaOH)
(HCL)
CAUSTIC SODA FLAKES 98.5
SODIUM HYPOCHLORIDE
(NaOH)
(NaOCl)
28
SPECIFICATION OF MAIN PRODUCT

CAUSTIC SODA LYE 48%
CONS
COMPOSITION
NaCl
NaClO3
IRON PICKUP
NICKEL PICKUP
TEMPRETURE
48+- .5%W/W NaOH

63 WT PPM MAX
30 WT PPM MAX
1 WT PPM MAX
0.6 WT PPM MAX
45.6 WT PPM MAX
CAUSTIC SODA FLACKS 98.5%

CONS
NaOH 9805% MW TOTAL SOLID
COMPOSITION
NaCl
NaClO3
IRON PICKUP
NICKL PICKUP
SIZE
BULK DENSITY
TEMPERETURE
162 Wt PPM MAX

0.15% Wt PPM MAX
5 Kt PPM MAX
0.8, 1.5 MM
APPROY 0.3-1 CM2
APPROY 0.8-0.9 TON
60C
Liquid Chlorine (Cl2)

Chlorine Content
99.80 min
Moisture
0.01 max
29
RAW MATERIALS USED

SALT (NaCl)
WATER (H2O)
ELECTRICITY (DC)
BARIUM CARBONATE (BaCO3)
ALPHA SALULOSE (FLOCK)
SODA ASH
SODIUM SULPHITE
SULPHURIC ACID 78%
SUGAR
30
31
VP
VICE PRESIDENT
MR. M. A. HANIA
H.O.D.
HEAD OF DEPARTMENT
MR. DHARMESH PATEL
H.R. OFFICER
MR. MILAN MEHTA
TIME OFFICER
MR. KALPESH
GOHIL
SECURITY OFFICER
ADMINISTRATOR
MR. T. J. PARMAR
MR. RAJENDRA
TIVARI
32
33
34
35
36
37
38
39
40
41
42
43
44
DEPARTMENTAL STRUCTURE
(UNIT HEAD)
VICE PRESIDENT
MR.M A HANIA
H.O.D
(DEPUTY MANAGER)
MR. HITESH BHATIA
MARKETING OFFICER
MR. UMESH SHAH
MARKETING ASSISTANS
MR.AMIT
PATEL
MR.LAXMA
N
MR.TUSHAR
CHAUHAN
PADHIYAR
MR.HARDIK
RATHOD
MR. BHAVESH
PATEL
45
Marketing:
Marketing is an activity. Marketing activities and strategies result in making
products available that satisfy customers while making profits for the companies
that offer those products.
MFL Marketing activities:

Marketing activities are numerous and varied because they basically include
everything needed to get a product off the drawing board and into the hands of
the customer. The broad field of marketing includes activities such as:
Designing the product so it will be desirable to customers by using tools
such as marketing research and pricing.
Promoting the product so people will know about it by using tools such as
public relations, advertising, and marketing communications.
Setting a price and letting potential customers know about your product and
making it available to them.
The need of recognition of customer.
Entertaining and materializing their requirement.
Vehicle weighing and physical dispatch of the product.
Identify customer.
Co-ordination with user and distribution channel.
46
MFL market segmentation

It is task of breaking a total market in to the segments. It is the process of
grouping the market in to the segment with common characteristics.
The segmentation can be done on the following base.
Region wise segmentation
Product wise segmentation
Client wise segmentation
Segmentation is required for the following reason.
It help concentrating the each customer
It help in the understanding the individual customer requirement as well as
the problem
It helps in the proper allocation of the resource with the effective as well as
efficient use of the resource.
MFL use the two type of segmentation.
Customer wise segmentation
47

MFL has divides its whole market in to the four segmentation i.e.
a. North zone
b. East zone
c. South zone
d. West zone
Customer wise segmentation

MFL has the many valuable customers which are frequently in the touch with the
company for the purpose of the purchase order. So the company has divide its
whole marketing department on the basis of the valuable customer.
The other reason is that the person who assign for particular customer
consistently in touch with customer on the behalf of the company so it can build
the valuable relationship.
48
Distribution channel
1. Zero level
MFL Company
Customer
2. One level
MFL Company
Retailer/wholesaler
Customer
3. Two level
Wholesaler
MFL Company
Customer
Retailer
4. Three level
MFL
Agent
Wholesaler
Retailer
Customer
Meghmani use above two types of distribution channel (1) zero level and (2) One
level. They are deal B2B marketing. Meghmani majority customer is industrial unit
because they use the MFL chemical product and making their own products.
49
Position of the MFL in product life cycle
50
51
Departmental structure:
V.P. (UNIT HEAD)

MR. M. A. HANIA
H. O. D.
MR. H. M.
PETHANI
ASSISTANT
MR. ALPESH
PATEL
52
Activities:
To keep the record of cash receive & expenses of the company, it is a
responsibility of finance department. That to record all inflows & outflows.
The company head office at Ahmadabad looks over the major income &
expenses.
To tally cash & bank balance of the company. The finance department
employee checks the balance of bank & cash.
To look over the bills of contractors, consumable & receivables.
Head office summarizes the data & prepares the quarterly & annually
report.
Record keeping is the major activity of the finance department. The head
office controls the companys account department. So, the factory level
account department sends the record to the head office.
They have responsibility to pay the salary in time.
Monthly filing of sales tax returns, payments & getting the assessment
done.
Co-ordination between head office & the factory level account is very
important.
53
BUDGETORY CONTROL METHOD/SYSTEM

1. BUDGET MANUAL
In MFL budget means the estimation about cost, here different officer
estimates cost, so the budget is fixed earlier to start the financial year. So
the source of money also supply up to the estimated budget. If the actual
cost increase form budget, the financial officers have to report to its
manager. These are all noted in budget manual.
MFL prepared budget manual by head office.
2. BUDGET PERIOD
MFL budget period is prepared on yearly basis from 1 April to 31st
March.
3. PRINCIPAL BUDGET FACTOR
The factors which the company takes into consideration while
preparing budget are as follows Marketing/Sales
Capacity of the plant
Funds available
Expansion of the plant
Seasonal factors
54
4. BUDGET CENTERS:
Production
Material
Marketing
Finance
Personnel & Administration
ACCOUNTING METHOD/SYSTEM
1. MFL follows mercantile accounting method/system.
55
56
57
LITERATURE REVIEW
Cash flow is the life blood of a business which plays a vital role in an entire
economic life. Cash flows refers to actual movement of cash into and out of an
organization. In other words, the movement of cash inclusive of inflow cash and
outflow of cash. When the cash flow into the organization, it represents inflow of
cash. Similarly when the cash flows out of the business concern, it called as cash
outflow.
In order to ensure cash flows are adequate to meet current liabilities such
as tax payments, wages, amounts due to trade creditors, it is essential to prepare
a statement of changes in the financial position of a firm on cash basis is called as
cash flow statement. This statement depicting movement of cash position from
one period to another.
Cash flow statement is a statement of inflows and outflows of cash and
cash equivalents in an enterprise during a specified period of time. While the
primary objective of the cash flows statement is to provide information regarding
cash receipts and cash payments of an enterprise for an accounting period.
Cash flow statement is additional information to user of financial
statement. This statement exhibits the flow of incoming and outgoing cash. This
statement is one of the tools for assessing the liquidity and solvency of the
enterprise. The cash flow statement is prepared on the basis of AS-3.this standard
applies to the following enterprise.
Which has turnover more than rs.50 crores in a financial year
58
Listed companies-shares of these companies listed in stock Exchange, cash

flow statement of listed companies shall be presented only under indirect
method as prescribed in AS-3.
REQUIREMENTS FOR STATEMENT:

There are following requirements: COMPARATIVE BALANCE SHEET:Balance sheets at the beginning and end of the accounting year indicates
that the amount of change taken place in assets, liability and capital, and balance
sheet of MFL for last 3 years(i.e. 2007-08, 2008-09, 2009-10)
PROFIT & LOSS ACCOUNT:The profit & loss account determine the amount of cash provided in
operations during the accounting period after making the adjustments for non
cash, current assets and liabilities, and profit and loss account for MFL of last 3
years.
ADDITIONAL DATA:Additional data are collected to determine how cash has been provided or
used, and discussing with finance head of the company.
59
PROCESS OF CASH FLOW STATEMENT: First step is to calculate net increase and decrease in cash and cash
equivalent items. It may be computed by comparing these accounts given
in the balance sheet. Cash receipts and payments are responsible for the
increase and decrease in cash and cash equivalent items.
Second step is to calculate net cash flow from operating activities. It may be
computed by analysis of profit & loss account, comparative balance sheet
and additional data.
Third step is to calculate net cash flow from investing and financing
activities. All other changes in the balance sheet item must be taken into
account as the additional information. The effect of cash may be grouped
under the investing and financing activities.
The fourth step is to prepare cash flow statement by classifying all cash
flows and outflows in terms of operating, investing and financing activities.
The net cash flow from each activity may be highlight.
Fifth step is to ensure that net cash flow from operating, investing and
financing activities is equal to net increase or decrease in cash and cash
equivalents.
Last step is to record any significant transaction that did not involve cash or
cash equivalents in a separate schedule to the cash flow statement.
60
COMPONENTS: EXPENSE REPORT:-
Company needs a monthly expense report. This report would include

companys daily payment activities. If company purchases something for business
then company would document the purchase in expense report. Company should
prepare monthly expense report because company can easily record transactions
of that month in expense report.
INCOME REPORT:Company also needs monthly Income Report. This report would include
companys daily receipt activity. If company would sale something for business
then company would document the sale in income report. Company should
prepare monthly income report because company can easily record transactions
of that month in income report.
61
USES OF CASH FLOW STATEMENT
Cash flow statement is a useful tool to the management for taking

important financial decision making. The following are the uses of this statement:
1) This statement is the most useful to the management to prepare

dividend and retention policies.
2) It guides the management to evaluate the changes in cash position.
3) It presents in brief to the management about the performance of
operational, financial and investment activities for effective decision.
4) It helps to how the movement of cash took place and the factors
which caused the changes in cash flows.
5) It guides the management to take decision about short term obligation.
HEAD OF CASH FLOW STATEMENT
Cash flow statement explains cash movement under the following three
different heads namely:
CASH FROM OPRETING ACTIVITIES.
CASH FROM INVESTMENT ACTIVITIES.
CASH FROM FINANCIAL ACTIVITIES.
62
1) OPERATING ACTIVITIES:
Operating activities is revenue producing activities of the enterprises other

than investing and financing activities. They generally result from the
transactions and other events that enter into the determination of net
profit or loss.
Examples of cash flow from operating activities are as follows:
a) Cash receipt from sale of goods and rendering services

b) Cash receipt from royalties, fees commission and other revenues
c) Cash payment to the suppliers for goods and services
d) Cash payment to and on behalf of employees
Some transaction, such as the sale of a plat, may give rise to gain or loss
which is included in the determination of net profit or loss. However, the
cash flow relating to such transaction is cash flow from investing activities.
An enterprise may hold securities and loans for dealing or trading purposes,
in which case they are similar to inventory acquired specifically for resale.
Therefore cash flows arising from the purchase and sale of dealing or
trading securities are classified as operating activities.
63
2) INVESTMENT ACTIVIES:
Investing activities are the acquisition and disposal of long term assets and
other investments not included in cash equivalents.
Examples of cash flow arising from investing activities are,
a) Cash payment to acquire fixed assets (including intangibles).including

capitalized research development costs and cost of self constructed
fixed assets.
b) Cash receipts form disposals of fixed assets including intangibles
c) Cash payment to acquire shares debentures etc. of other enterprises
and interest in joint ventures (other than investment held for dealing
or trading purposes)
d) Cash receipts form disposal of such shares debentures etc.
e) Cash advances and loans made to third parties (other than advances
& loans made by a financing co.)
f) Cash receipts from repayments of such advances and loans made to
third parties.
g) Cash payment for future contracts, forward contracts, option etc.
except when the contracts are held for dealing or trading purposes.
h) Cash payment from such future contracts, forward contracts etc.
64
3) FINANCING ACTIVITIES :
Financing activities are activities that result in changes in changes in the
size and composition of the owners capital (including preference share
capital in the case of co.) and borrowing of enterprise.
Examples of cash flows arising from financing activities are:
a) Cash proceed from issuing shares or other similar instruments.

b) Cash proceed from issuing debentures, loans, notes, bonds and other
short or long term borrowings.
c) Cash
repayment
of
amount
borrowed,
redemption
of
shares/debenture.
65
DISCLOSURE REQUIREMENTS OF SOME ITEMS

1) Interest and dividends:
In cash of non finance enterprises, interest and dividends are not related to
operating activities of the enterprise and therefore, are not shown as a part of
cash flows from operating activities. Cash outflows arising from interest and
dividend paid are excluded from cash flow from operations and are classified as
cash outflows from financing activities. Similarly, interest and dividend received
are classified as none operating and reported as cash inflows from investing
activities. Net profit is adjusted for non operating expenses and incomes to
calculate operating profits.
INTEREST
Interest received
Received from investment. It is in investment activities.
Received from shot-term investment classified as cash equivalents
should be considered as cash inflow from operating activities.
Received on trade advances and operating receivables should be in
operating activities
Interest paid
On loans/debts are in financing activities
capital loan and any other loan taken to finance operating activities
Dividend received
66
For financial enterprises in operating activities.

Dividend paid
Always classified as financing activates.
2) Income tax
3) Extraordinary items
4) Cash flow from foreign currency transaction
5) Non cash transaction
6) Disclosure of cash and cash equivalents
67
CASH FLOW STATEMENT

LIABILITIES
ASSETS
CURRENT LIABILITIES
CURRENT ASSETS
(OPERATING ACTIVITIES)
(OPERATING ACTIVITIES)
NON-CURRENT LIABILITIES
NON-CURRENT ASSETS
(FINANCIAL ACTIVITIES
(FINANCIAL ACTIVITIES)
CASH vs. CASH FLOW:Cash is a ready money in the bank or in the business. It is not inventory, accounts
receivable and property. These can potentially be converted to cash but cannot
be used to pay suppliers or employees. Profit growth does not mean more cash
on hand. Profit is the amount of money you expect to make over a given period of
time, while cash is what you must have on hand to keep your business running.
You cannot spend profit but you can only spend cash.
While Cash flow refers to the movement of cash into and out of a business. Cash
inflows and outflows are the most important part for any business. The outflow of
cash includes payment to suppliers, creditors and employees salaries. The inflow
includes the cash you receive from customers and investors.
68
TYPES OF CASH FLOW:There are two types of cash flow: POSITIVE CASH FLOW:If cash inflow exceeds the outflow, a company has a positive cash flow. A positive
cash flow is a good sign of financial health. Company is in a position to borrow
more and purchase assets and meet its liability.
NEGATIVE CASH FLOW:If cash outflow exceeds the inflow, a company has a negative cash flow. Reasons
for negative cash flow include obsolete inventory and poor collections on
accounts receivable. At this point company can't borrow additional cash. It may
be a sign of serious trouble.
ADVANTAGES OF CASH FLOW STATEMENT: It is an indicator for the cash flows in the future period. It helps the
management in forecasting the future needs and plans.
It helps in efficient management of cash.
It reveals the liquidity positions of the company.
It is very useful in evaluating financial policies and cash positions.
It highlights the trend of the movement of cash.
It helps to compare the present value of the future cash flow of different
enterprises.
69
LIMITATIONS CASH FLOW STATEMENT: Cash flow statement only reveals the inflow and outflow of cash. The cash
balance disclosed by this statement may not be predicting the true liquid
positions.
Cash flow statement cannot be compare with the income statement. An
income statement takes into account both cash and non cash items. Cash
fund does not mean net income of business.
Working capital being a wider concept of funds, fund flow statement
presents a more complete picture than cash flow statement.
DIFFERENCE BETWEEN FUND FLOW STATEMENT & CASH FLOW

STATEMENT:
Fund Flow statement & Cash Flow statement are two useful tools of
financial analysis and interpretation of financial statements. But at the same time
both the statement differ from each other in the following manner:
1. Fund Flow statement helps to measure the causes of change in

working capital.
Whereas cash flow statement focuses on the causes for the
movement of cash during a particular period.
2. Fund flow statement is prepared on the basis of fund or all financial
recourses.
While Cash Flow statement is based on cash basis of accounting.
70
3. Cash flow statement guides to the management for short term

financial planning.
While fund Flow analysis helps to management for intermediate and
long term financial planning.
4. Statement of changes in working capital is required for the
presentation of Fund Flow statement.
While for cash Flow statement no such statement is required.
1) FUND FLOW STATEMENT

A statement of sources and application of funds is a technical device designed to
analyse the change in the financial condition of a business enterprise between
two dates.- by Foulke.In brief it may be said that fund statement focuses on
flow of funds between the various assets and equity items during the accounting
period. And analysis base4d on this statement is generally called fund flow
statement.
Meaning of fund:
The term fund refers t cash, to cash equivalent or to working capital and all
financial resources which are used in business.
Meaning of flow of fund :
The term flow of funds refers to change or movement of funds or change in
working capital in the normal course of business transactions.
71
2) CASH FLOW STATEMENT

There are two methods used for preparing the cash flow statements. They are as
Follows:-
DIRECT METHOD:Under the direct method cash receipts from operating revenues and cash
payments for operating expenses are arranged and presented in the cash flow
statements. The difference between cash receipts and cash payments is the net
cash flow from operating activities. Under cash flow statement each cash
transactions is analyses separately and the total cash receipts and payments for
the eriod are determined. The data can be obtained from the financial statements
and additional information. Under cash flow statement we convert accrual basis
of revenues and expenses into equivalent cash receipts and payments.
Examples of cash receipts and payments: Cash sales of goods and services,
Cash collected from debtors,
Cash receipts of interest,
Cash receipts of royalties, commission,
Cash payments to creditors.
Cash payments for operating expenses,
Cash payments for wages, taxes, and salaries.
72
FORMAT OF DIRECT METHOD

PARTICULAR
AMOUNT
Cash flow from operating activities
XXXX
Cash receipt from customer
XXXX
LESS: cash payment to supplier
XXXX
Cash receipt from operation
XXXX
NET CASH FLOW FROM OPERATION( A )
XXXX
Cash flow from investing operation
XXXX
LESS: Purchase of fixed assets
XXXX
ADD: sale of fixed assets
XXXX
LESS: Purchase of securities
XXXX
ADD: sale of securities
XXXX
ADD: dividend received
XXXX
ADD: interest received
XXXX
CASH FLOW FROM INVESTING ACTIVITIES ( B )
XXXX
Cash flow from financing activities
XXXX
ADD: Issue of shares
XXXX
LESS: redemption in shares
XXXX
ADD: issue of debenture
XXXX
LESS: redemption of debenture
XXXX
LESS: dividend paid
XXXX
LESS: interest paid
XXXX
NET CASH FLOW FROM FINANCING ACTIVITIES ( C )
XXXX
Net cash or cash equivalent from the activities (A+B+C)
XXXX
ADD: opening balance of cash
XXXX
Closing balance of cash flow
XXXX
73
INDIRECT METSHOD:In this method net profit is used as the base and it convert it to net cash provided
by operating activities. The indirect method adjusts net profit for items that
affected net profit but did not affect cash. Non cash and non operating charges in
the profit and loss account are added back to the net profit while non cash and
non operating credits are deducted to calculate operating profit before working
capital changes. It is the partial conversion of accrual basis profit to cash basis
profit. Necessary adjustments are made for increase and decrease in current
assets and liabilities to obtain net cash flow from operating activities.
PARTICULAR
AMOUNT
74
Cash flow from Operating Activities
XXXXX
Profit made during the year
XXXXX
ADD: NON-OPERATING ITEMS (EXPENSES)
XXXXX
Depreciation on Building
XXXXX
Depreciation on Machinery
XXXXX
Depreciation on Machinery sold
XXXXX
Increase in Provision for doubtful debts
XXXXX
Dividend paid
XXXXX
Transfer to Reserves
XXXXX
Goodwill Written off
XXXXX
Preliminary Expenses written off
XXXXX
Other tangible assets written off
XXXXX
Loss on sale of disposable fixed assets
XXXXX
LESS: NON- OPERATING ITEMS (INCOME)
XXXXX
Profit on sale of investment
XXXXX
Profit on sale of machinery
XXXXX
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES
XXXXX
ADD: Increase in Current Liabilities
XXXXX
ADD: Decrease in Current Assets
XXXXX
LESS: Increase in Current Liabilities
XXXXX
LESS: Decrease in Current Assets
XXXXX
CASH GENERATED FROM OPERATING ACTIVITIES

LESS: Income tax paid(last year)
NET CASH FLOWS FROM OPERATING ACTIVITIES (A)
CASH FLOWS FROM INVESTING ACTIVITIES
ADD: sale of Investments
Sale of Machine
LESS: Purchase of Buildings
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
Purchase of Machinery
75
NET CASH FLOWS FROMS INVESTING ACTIVITIES (B)
XXXXX
CASH FLOWS FROM FINANCING ACTIVITIES
XXXXX
ADD: Issue of share
XXXXX
ADD: Issue of Debenture
XXXXX
LESS: Interim Dividend Paid
XXXXX
LESS: Redemption of Debentures
XXXXX
LESS: Dividend Paid
XXXXX
NET CASH FLOWS FROM FINANCING ACTIVITIES (C)
XXXXX
Net increase/decrease in cash & cash Equivalents(A+B+C)
XXXXX
Cash & Cash Equivalents at the beginning of the year
XXXXX
Cash & Cash Equivalents at end of the year
XXXXX
XXXXX
Description of Cash flow

Every company making Cash flow statement for smooth running of their
organization, like this MEGHMANI FINECHEM LIMITED also preparing Cash flow
statement for them self. Cash flow statement are make using (i) Fund flow
statement (ii) Cash flow statement but most of company using cash flow
statement in which two method are given (i) Direct method (ii) indirect method.
MEGHMANI FINECHEM LIMITED making cash flow statement using INDIRECT
METHOD , that indirect method statement shown in above table, according to
the table MEGHMANI making their Cash flow statement. Now-a-days every big
organization using indirect method for making cash flow statement. It is suitable
for company like MFL, MOL, MIL, MUL etc.
76
RESEARCH OBJECTIVES
1) Operating activity of the company
Cash receipt from sale of goods and rendering services
Cash receipt from royalties, fees commission and other revenues
Cash payment to the suppliers for goods and services
Cash payment to and on behalf of employees
2) Investing activity of the company

Cash receipts form disposals of fixed assets including intangibles.
Cash receipts form disposal of such shares debentures etc.
Cash advances and loans made to third parties (other than advances &
loans made by a financing co.)
3) Financing activity of the company

Cash proceed from issuing shares or other similar instruments.
Cash proceed from issuing debentures, loans, notes, bonds and other
short or long term borrowings.
Cash repayment of amount borrowed, redemption of shares/debenture.
4) Comparison of activities current data with previous data
Analysis of last 3 years data for Growth of MEGHMANI FINECHEM
LIMITED.
77
Comparison of operating activities of MEGHMANI with previous

data
YEAR
OPERATING ACTIVITIES
2007-08
2008-09
(486,575,775)
2009-10
174,000,786
OPERATING ACTIVITIES
operating activities
2009-10
(486,575,775)
174,000,786
2008-09
2007-08
0 (STATING STAGE)
DESCRIPTION OF ABOVE OPERATING ACTIVITIES CHART (finding)

MEGHMANI FINECHEM LIMITED newly started in 2008 at DAHEJ, MFL
company having establish in wide land of dahej to manufacturing chemical plant,
so that at initial stage of stating new plan lots on capital are invested in that
process that why year 2007-08 operating activity of cash flow is 0.
78
Comparison of Investment Activities of MEGHMANI with

previous year.
YEAR
INVESTMENT ACTIVITIES
2007-08
(1,185,365,019)
2008-09
(3,366,368,545)
2009-10
(266,172,330)
(266,172,330)
2009-10
2008-09
(3,366,368,545)
(1,185,365,019)
2007-08
DESCRIPTION OF ABOVE INVESTMENT ACTIVITIES CHART(finding)

INVESTMENT ACTIVITIES of MEGHMANI FINECHEM LIMITED different to other,
and MEGHMANI newly stated company so that operating activates are 0, that
directly affected to the INVESTMENT ACTIVITIES because of that in 2007-08
investment are at -1,185,365,019.
79
Comparison of Financial Activities of MEGHMANI with previous

year.
YEAR
FINANCIAL ACTIVITIES
2007-08
1,466,592,879
2008-09
3,653,395,013
2009-10
22,209,523
2009-10
22,209,523
2008-09
2007-08
3,653,395,013
1,466,592,879
DESCRIPTION OF ABOVE FINANCIAL CHART(finding)

In MEGHMANI FINECHEM LIMITED has stared in financial year 2007-08, and for
that lot of capital are borrowed from outsides the company. When MFL Company
earns enough cash flow in organization so that company has to pay their debts
and interest charging on capital that why in 2009-10 cash flow are so less i.e.
22,209,523.
80
BIBLIOGRAPHY
http://www.meghmani.com
I M Pandey, Financial Management Ninth Edition (Vikas
Publishing House)
Annual Report Of MEGHMANI FINECHEM LIMITED 2007-2010
G.
Sudarsana Reddy,
Financial
Management
(Himalaya
Publishing House)
Ambrish Gupta, Financial Accounting for Management Third
edition (Pearson)
81

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Meghmani Finechem Ltd.

BACKGROUND OF THE COMPANY

Meghmani Finechem Ltd.

Maghmani finechem limited

Meghmani Dyes & Intermediates &

Meghmani Finechem Ltd.

Other related company

Meghmani Finechem Ltd.

In 2008, MOL set up a subsidiary chlor-alkali project at Dahej with an

The plant, with a manufacturing capacity of 1,10,000 tpa of caustic soda

Meghmani Finechem Ltd.

Meghmani Finechem Ltd.

Project sponsor and major shareholders of Project Company

- agro-chemicals and pesticides manufactured in the Ankleshwar and Chharodi

Meghmani Finechem Ltd.

Total project cost and amount and nature of IFC's investment

Meghmani Finechem Ltd.

Location of project and description of site

Meghmani Finechem Ltd.

Anticipated development impact of the project

- During construction period, the project is expected to create 200 to 1000

Meghmani Finechem Ltd.

Environmental and social issues - Category B

Meghmani Finechem Ltd.

VISION AND MISSION STATEMENTS

INVESTMENT IN PLANT AND MACHINARY

Meghmani Finechem Ltd.

MFL BOARD OF DIRECTOR

Mr Ashish Natwarlal Soparkar is the Managing Director of our

Meghmani Finechem Ltd.

Mr Natwarlal Meghjibhai Pate1 is the Managing Director of our

Mr Ramesh Meghjibhai Pate1 is the Executive Director of our

Meghmani Finechem Ltd.

Mr Anand Ishwarbhai Pate1 is the Executive Director of our

Mr. Chinubhai Shah, 69 years, was appointed as a Director of our

Meghmani Finechem Ltd.

Mr. Balkrishna Thakkar, 69 years, was appointed as a Director of

Mr. Jayaraman Vishwanathan, 49 years, was appointed as a

Mr. Foo Meng Tong, 64 years, was appointed as a Director of our

Meghmani Finechem Ltd.

Mr. Pankaj Shah, 59 years, was appointed on March 28, 2005, as

Meghmani Finechem Ltd.

AWORD AND ACHIVEMENT OF MEGHMANI

2002-2003 "First Award" for outstanding export performance from Chemexcil,

SIAS Investors Choice Award for the most transparent company

Meghmani Finechem Ltd.

MLESTONES SINCE INCEPTION

J F Electric (Mauritius) limited (JFE), now known as electra

Company expanded its pigment business by purchasing land at GIDC,

Commencements of commercial production of pigment blue at the

Company was awarded the ISO 9001-2000 certification for the

Comapney acquired assets of unit II from rallis india limited(Rallis)

Expansion of cyper methric acid chloride (CMAC) plant at the

MOL company set up meghmani finechem ltd at dahej.

Meghmani Finechem Ltd.

MEGHMANI FINECAHEM LIMITED

Plot no. CH1/CH2,

Plot no. CH1/CH2,

Mr. Jayanti M Patel

Meghmani Finechem Ltd.

FUTURE EXPANSION PLANS

PERFIRMANCE GRAPH 2010-11

SALES (IN MT)