Indo Rama Synthetics India : Annual Report 2020-2130-Jul-2021
July 31, 2021 at 03:42 am EDT
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ANNUAL REPORT
2020-21
EVOLVING THROUGH CHALLENGES
Contents
01-05
Corporate Overview
Corporate Information
1
Our Identity
2
Chairman and Managing
4
Director's Message
06-87
Statutory Reports
Notice
6
Directors' Report
31
Business Responsibility Report
47
Management Discussion
56
and Analysis
Report on Corporate Governance
60
89-201
Financial Statements
Standalone Accounts
89
Consolidated Accounts
146
Read more online
www.indoramaindia.com
Forward-looking Statements
In this Annual Report, we have disclosed forward- looking information to enable investors to comprehend our prospects and take investment decisions. This Report and other statements- written and oral-that we periodically make contain forward-looking statements that set out anticipated results based on the Management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as 'anticipate', 'estimate', 'expects', 'projects', 'intends', 'plans', 'believes', and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in
our assumptions. The achievements of results are subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind.
We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Corporate Information
Board of Directors
Om Prakash Lohia
Chairman and Managing Director
Vishal Lohia
Whole-time Director
M. N. Sudhindra Rao
Executive Director
(upto October 29, 2020)
Udeypaul Singh Gill
Non-ExecutiveNon-Independent Director
(upto January 20, 2021)
Hemant Balkrishna Bal
Whole-time Director
(w.e.f. October 30, 2020)
Dilip Kumar Agarwal
Non-ExecutiveNon-Independent Director
(w.e.f. January 20, 2021)
Dr. Arvind Pandalai
Non-Executive Independent Director
Suman Jyoti Khaitan
Non-Executive Independent Director
Ranjana Agarwal
(Woman Director)
Non-Executive Independent Director
Dhanendra Kumar
Non-Executive Independent Director
Corporate Executives
M. N. Sudhindra Rao
Chief Executive Officer
Umesh Kumar Agrawal
Chief Commercial and Financial Officer
Susheel Kumar Mehrotra
Chief Financial Officer
(upto January 13, 2021)
Pawan Kumar Thakur
Company Secretary
Auditors
Walker Chandiok & Co LLP
Bankers
Standard Chartered Bank
The Hongkong and Shanghai Banking
Corporation Ltd.
Sumitomo Mitsui Banking Corporation
Australia and New Zealand Banking
Group Limited
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Indo Rama Synthetics (India) Limited published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2021 07:41:06 UTC.
Indo Rama Synthetics (India) Limited is an India-based company, which is engaged in the manufacturing of polyester. The Company manufactures polyester staple fiber, filament yarn, draw texturized yarn, fully drawn yarn, and textile-grade chips through its integrated manufacturing complex in Butibori near Nagpur in Maharashtra, with a production capacity of 6,10,050 tons per annum. The Company operates through one segment: manufacturing and trading of Polyester goods. The Company operates through two geographical segments: India and other countries. The Companyâs installed capacity at Butibori comprises of 40.0 megawatts (MW) STG facility based on coal and a 31.08 MW DG sets facility based on furnace oil. The Company has a presence in Indonesia, Thailand, the United States, Nepal and Sri Lanka, besides India. The Companyâs subsidiaries are Indorama Yarns Private Limited and Indorama Ventures Yarns Private Limited.