ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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On the Swings and Roundabouts

On the Swings and Roundabouts Hansavivek ZUARI AGRO CHEMICALS has shown an improvement in its performance during 1975-76. It produced 1,85,260 tonnes of ammonia against 1,33,073 tonnes in the previous year, and 3,11,236 tonnes of urea against 2,27,266 tonnes. Production of compound fertilisers of 28 : 28 : 0 analysis was 37,497 tonnes against 624 tonnes in the previous year, and of 19 : 19 :0 analysis 25,830 tonnes against nil. The company's licensed and installed capacity is 2,20,000 tonnes of ammonia, 3,40,000 tonnes of urea, and 1,50,000 tonnes of compound fertilisers of 28 : 0 analysis. An application has been made for endorsement on the licence, to include production of fertilisers of 19 : 19 : 0 analysis. Sales and profits were higher than in the previous year. Net profit at Rs 2.63 crores was used to reduce the accumulated deficit to Rs 10.06 crores. Besides, there are arrears of preference share dividends aggregating Rs 2.32 crores. Auditors, A F Ferguson and Company, were paid Rs 1,72,126 for other services and reimbursement of out-of-pocket expenses, apart from their audit fees of Rs 39,000. One of the notes appended to the accounts shows that advertisement and publicity is included Rs 76,000 as the cost of advertisements in the souvenirs (copies of which are to be received by the company of a political party. No wision has been made for claims aggregating Rs 4 lakhs in respect of compensation which may be payable to cultivators for estimated damages "alleged to have been caused by the company's effluents" as these are still under negotiation. The directors say that

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