VALUE THROUGH INNOVATION

Message from Finance
Balancing Economic Values
Strong and sound financial management and risk mitigation are
crucial for the sustainable performance of an organisation both in
short as well as in long term. Accordingly, we have adopted some of
the best practices in the industry. One such practice is sustainability
risk identification, mitigation and continuous monitoring. Acute
labour shortage was one of our key risks and to mitigate this, we
have recruited labour from Myanmar, trained them and engaged
them. This process is being continuously improved upon for better
performance.
Overall market looks better than last year. In FY 2015, our revenues
galloped to 48.65 Million USD from 39.26 million USD in FY 2014. We
have taken many actions such as reducing overhead costs reducing
packaging expenses, and investing in process improvements to
improve process efficiency as well as our bottom line. Our Debt:
Equity ratio is well under 0.50 which shows the strength of our
Balance Sheet.
This way, we have been able to gain the trust of our bankers too.
Innovation in process is a continuous activity in our company
which gives us better operational efficiency year after year. Our
performance targets have been recently revised upwards challenging
our employees and creating a passionate environment to excel in
performance.
Guided by our business strategy and periodic updating of risk matrix,
we identify areas and projects for improvement, assess feasibility
and prioritize the projects. After careful consideration, as per priority,
projects are taken up and implemented. While selecting such projects,
sustainability aspects are duly and diligently considered.
We give utmost importance to total compliance and take steps
proactively even if administration of a certain regulation is weak in
a geography.
INDO THAI SYNTHETICS SUSTAINABILITY REPORT 2016 | 17