Dear Shareholders, It is my honour and privilege to interact with you
as the Chairman of the Board at AgroPhos(India) Limited.
During the year, the Department of Fertilizer is implementing schemes
such as Urea Subsidy Scheme, Nutrient Based Subsidy Scheme (NBS) and Direct Benefit
Transfer (DBT) projects for fertilizer subsidy payments which are implemented on a PAN
India basis for ensuring adequate availability of fertilizers to the farmers. In addition,
the Ministry implemented the One Nation One Fertilizers scheme under the Fertilizer
Subsidy Scheme, which aims to ensure timely supply of fertilizers, as well as eliminate
the dilemma of farmers in choosing one of the many brands available in the market. It has
been decided to convert the existing village, block/sub district/taluk and district level
fertilizer retail outlets into model fertilizer retail outlets during this year. These
shops will act as "one stop shop" for all agriculture related inputs and
services. At the district level, 600 retail shops were converted into PMKSK.
During the year under review Company has entered MOU with The
Maharashtra Agro Industries Development Corporation Limited (Government of Maharashtra)
for Exclusive Supply of SSP of 25000 Ton of SSP under the Brand of Krishi Samradhi.
Company has entered MOU with Brahamputra Valley Fertilizer Corporation
Limited for supply of 25000 Ton of SSP.
Company has also entered MOU with Matrix Fertilizer & Chemical
Limited for supply of 18000 Ton of SSP.
Company has good number of contract in hand and Your Company is hopeful
to fulfil all of them
Direct Benefit Transfer (DBT) project for fertilizer subsidy payment:
Department of Fertilizers (DoF) has implemented Direct Benefit Transfer
(DBT) project for fertilizer subsidy payment with a view to improve fertilizer service
delivery to farmers. Under the fertilizer DBT system, 100% subsidy on various fertilizer
grades is released to the fertilizer companies on the basis of actual sales made by the
retailers to the beneficiaries Sale of all subsidized fertilizers to farmers/buyers is
made through Point of Sale (PoS) devices installed at each retailer shop and the
beneficiaries are identified through Aadhaar Card, KCC, Voter Identity Card etc.
We are happy to share with you that your company was also leverages
such benefits during the year and have recorded better turnover by increase in sale of
Single Super Phosphate "SSP" which is the core product of the company.
Company have recorded a total revenue as 13535.40 Lacs as compared to
the last year 11725.02Lacs and total revenue this year contains 13101.70 Lacs from
operation and rest 33.70 Lacs as other income in the same way company have earned this
year PAT of 500.36 Lacs as compares to 583.11 Lacs in previous year total decrease in PAT
was 83 Lacs as compared to last financial year due to increase in the prices of the
fertilizers. However We are confident that your company as tremendous growth potential for
upcoming year.
On behalf of the Agro Phos (India) Limited, I would like to
wholeheartedly thank my fellow colleagues at the factories and at administrative office as
with the support and guidance of top level management and senior executive and immense
hard work by ground level staff we have ensured another year of successful business
operations.
In the last on behalf of the Board of Directors, I would like to thank
all our stakeholders, including our customers, shareholders, banking partners, channel
partners, and the government for supporting us in our journey. With all your continued
support and the blessings of the almighty, I eagerly look forward to the upcoming year.
Wish you all a healthy and safe life ahead.
With Warm Regards Sd/- Raj Kumar Gupta Chairman