so here you go the response
As discussed, PFA herewith press release on the financial performance of the Company for the Quarter and year ended March 31, 2017 for your reference.
For any other query request you to attend Conference Call to be held on Wednesday, May 24, 2017, at 04:00 pm. (Ph.: +91 22 3960 0547)
Thanks & Best Regards,
(Company Secretary Dept.)
Omkar Speciality Chemicals Ltd.
B-34, M.I.D.C., Badlapur (East),
Thane, Maharashtra, India – 421 503.
Questions asked was
1. What is the promoter holding % inclusive of the shares pledged as of Today.
How much % of promoter shareholding is pledged.
Why has the freight charges Declined for the company with increasing sales?
Sales increased from 265cr in FY2015 to 413cr in FY2016, the freight and transportation expense at consolidated level has declined from ?1.71 cr. in FY2015 to ?1.70 cr. in FY2016
4.Increased sales of Iodine and Selenium derivatives, but decreased consumption of Crude Iodine and Selenium metal in FY2016. Why is that?
As per the annual report for FY2016, page 118, the sales of Iodine compounds increased from ?88 cr. in FY2015 to ?118 cr. in FY2016. The sales of Selenium compounds increased from ?16 cr. in FY2015 to ?22 cr. in FY2016:
The consumption of crude Iodine at consolidated level declined sharply from ?82 cr. in FY2015 to ?4 cr. in FY2016. The consumption of Selenium metal powder declined from ?7 cr. in FY2015 to ?5 cr. in FY2016
5.Unit 5 : Status?
As per the annual report for FY2016, page 47, the company received the environment approval for the unit in January 2016.despite the receipt of clear directions/steps to be taken by the company to meet the compliance requirements, the commencement of unit 5 is not yet started why is it?
7) Operating Capacity Mentioned Vs Rated Capacity ? Why is there a difference? why dont we use rated capacity as its the one which makes more sense?
8) What is the plan to bring promoter stake up? Will they bring the holding back to 65+% ? What is the plan ?
9) What is the status on Working Capital loans ? Have we gotten the working capital loan sanctioned ?
10) When are we expected to exhaust the capacity ( assuming Unit V won't start for sometime )