THE SUMMER TRAINING REPORT ON “EXPORT DOCUMENTATION IN INDIA GLYCOL LTD.


Submitted to GRAPHIC ERA UNIVERSITY In partial fulfillment of the Requirements for the award of Degree in MBA (International Business)

Submitted to : Mrs. Rupa Khanna Programme Coordintor MBA (IB/IT) Faculty of Management Graphic Era University

Submitted by : Arpit Singh Roll No : 1400046 MBA (IB)

GRAPHIC ERA UNIVERSITY
(2008-2010)
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DECLARATION
Hereby declare that the project report entitled “Export

Documentation” under Commercial Department submitted for the degree of Master of Business Administration, is my original work and the project report has not formed the basis for the award of any degree or similar other titles. It has not been submitted to any other University or Institution for the award of any degree or diploma.

Arpit singh MBA (IB)

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CONTENT
Sl. No. Title of the Chapter Acknowledgement Preface Executive Summary Introduction : History Chemical Industries Indian Chemical Industry Internal Component of Indian Economy Company Profile : India Glycol Ltd. SWOT Analysis Quality Through Advanced Technology Product Profile Chemical Performance in Various Industries Raw Material list come from the supplier Customer Oriented R&D support Value addition at every step Reaching in the customer Export Documentation Director Report Year ended March, 08 Quarterly Overview of the company India Glycol get a Prudent push Conclusions Page No. 2 3 4 5 6 12 14 16 20 21 30 52 54 55 57 58 68 79 81 83

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

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ACKNOWLEDGEMENT
It was a great privilege and good practical experience to do an industrial training at INDIA GLYCOL LTD., KASHIPUR. I would like to express my deep sense of gratitude to the staff of Commercial Department of IGL, Kashipur for their timely support during my training period. The guidance, help and co-operation of Mr. N.K. Sharma, Manager, IGL, Kashipur is being a constant source of motivation and giving knowledge about Export Documentation activities in an Organization. I would also like to thank Mrs. Rupa Khanna Malhotra, Coordinator MBA (IB/IT) for her guidance, critical comments, inspirational discussion and helpful support to me in completing this report. I also express my sincere thanks to Mr. Manish Bisht, Dean of Management Studies for providing us great learning environment throughout course duration. I am not able to express my thanks to my parents and family members those always ready to support me morally and give me motivational power to do this work effectively. I also thanks to my friends, who put the germs of idea related to this project and extended their continued inspiration. This training was a good exposure that will definitely help me in my professional career.

Arpit Singh MBA (IB)

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PREFACE

The starting of the road of chemical industry and the status in the Indian market are improving day by day. By some facts and figures you will get to know the contribution of chemical industry in the economic growth of the country. After this India Glycol Ltd. profile come in to picture, Its business strategies by using world class technology different range of chemical products and their performance in different industries. If we talk about global market there are different products which are export from the country with legal export documentation product. It also shows SWOT analysis CSR and R & D support to reach the different customer domestic as well as global. At the end director report will give us a financial internal and external growth opportunities and its present performance. They mainly emphasis are on the Industrial chemical products in all over the globe.

Arpit Singh MBA (IB)

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EXECUTIVE SUMMARY

Playing every stroke of excellence India Glycol Ltd., Kashipur, has set a strong foothold in the chemical industry. With the assistance of a well qualified team, and brought a superlative range of Industrial Inorganic Chemicals and laboratory chemicals etc. Today, IGL is well reckoned as one of the overriding Laboratory Chemicals Manufacturers and as the most preeminent Industrial Chemical exporter based in India. This report will tell you about how “A idle stone could be become a weapon for person who knows its value” that means how chemical transformed into a chemical industry and after a decade it become a part of economic growth of the county. The summer training report entitled “Export Documentation under Commercial Department in India Glycol Limited, Kashipur, Uttarakhand” shows the path of success and building a great valuable product for the development of an industry as well as the presence in the global market. This report provides all the information regarding “How an advice became (India Glycol Ltd.) life of thousands of people”. Status of India Glycol Ltd. in India and global market which produce different chemical products in different industries. The report also highlighted how many products exported globally by the firm and their presence in the global market as a strong chemical player.

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INTRODUCTION GLOBAL BASE CHEMICAL INDUSTRIES HISTORY
Chemical industries can be traced back to Middle Eastern artisans, who refined alkali and limestone for the production of glass as early as 7,000 BC, to the Phoenicians who produced soap in the 6th cent. BC, and to the Chinese who developed black powder, a primitive explosive around the 10th cent. AD In the Middle Ages, alchemists produced small amounts of chemicals and by 1635 the Pilgrims in Massachusetts were producing saltpeter for gunpowder and chemicals for tanning. But, large-scale chemical industries first developed in 19th cent. In 1823, British entrepreneur James Muspratt started mass producing soda ash (needed for soap and glass) using a process developed by Nicolas Leblanc in 1790. Advances in organic chemistry in the last half of the 19th cent. allowed companies to produce synthetic dyes from coal tar for the textile industry as early as the 1850s. In the 1890s, German companies began mass producing sulfuric acid and, at about the same time, chemical companies began using the electrolytic method, which required large amounts of electricity and salt, to create caustic soda and chlorine. Manmade fibers changed the textile industry when rayon (made from wood fibers) was introduced in 1914; the introduction of synthetic fertilizers by the American Cyanamid Company in 1909 led to a green revolution in agriculture that dramatically improved crop yields. Advances in the manufacture of plastics led to the invention of celluloid in 1869 and the creation of such products as nylon by Du Pont in 1928. Research in organic chemistry in the 1910s allowed companies in the 1920s and 30s to begin producing chemicals for oil. Today, petrochemicals made from oil are the industry's largest sector. Synthetic rubber came into existence during World War II, when the war cut off supplies of rubber from Asia. Since the 1950s growing concern about toxic waste produced by chemical industries has led to increased government regulation and the establishment of the Environmental Protection Agency (1972). The leakage of toxic chemicals at the Union Export Documentation in IGL - 8 - Graphic Era University,

Dehradun

Carbide plant in Bhopal , India (1984), was the worst industrial disaster in history and heightened public concern about lax environmental regulations for chemical companies in developing countries. Beginning in the 1980s, U.S. corporations faced expanding competition from foreign producers, including some Third World oil producers who have set up their own oil refining and petrochemical industries. In 1997 the U.S. chemical industry produced about $389 billion worth of products and employed 1,032,000 workers. It exported about $71 billion worth of chemicals.

INDIAN CHEMICAL INDUSTRY

The chemical industry is one of the earliest domestic industries in India, contributing considerably to both the industrial as well as economic growth of the country since it achieved independence in 1947. The industry presently produces around 70,000 commercial products, which range from toiletries and cosmetics, to plastics and pesticides. The wide and diverse range of products can be broken down into several categories, which include inorganic and organic (commodity) chemicals, plastics and petrochemicals, drugs and pharmaceuticals, dyes and pigments, pesticides and agrochemicals, fine and specialty chemicals, and fertilizers. With primary focus on modernization, the Govt. of India has taken an active role in promoting the growth and development of Indian domestic chemical industry. The Department of Chemicals & Petro-Chemicals that has been part of the Ministry of Chemicals and Fertilizers since 1991, is responsible for making policy making, planning, development, and regulation of the industry. In the private sector, several organizations, including the Indian Chemical Manufacturers Association, the Chemicals and Petrochemicals Manufacturers Association, and the Pesticides Manufacturers and Formulators Association of India, all work with the prime objective of promoting the growth of industry and the export of Indian chemicals. For example, the Indian

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Chemical Manufacturers Association, represents a large number of Indian companies, which produce and export a variety of chemicals, which have legitimate commercial applications, but also can be used as precursors and intermediates for production of chemical weapons.

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Overview Growing at an average rate of 12.5%, the Indian chemical industry offers a wide spectrum of opportunities for the investors both from India and the world. The significant market potential, coupled with the existing pool of human resources, and the comprehensive variety of resources in the country make it’s profitable destination in the new millennium. In the world production of chemicals, Indian industry stands at 12th position. Major segments of Indian chemical industry include -

Pharmaceuticals & bulk drugs In terms of volume and value, Indian pharmaceutical industry ranks 4th and 13th respectively. In 2004, industry was valued at over $6 billion, which is growing at an annual rate of 8 – 9 %. The industry can be divided into bulk drugs segment and formulations, and manufactures about 60,000 finished medicines and around 400 bulk drugs that are used in formulations. Agrochemicals One of the most dynamic pesticide producers in the world, India is the second largest manufacturer of agrochemicals in Asia. Out of 145 pesticides registered in the country, 85 of a technical grade are locally manufactured. The

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country has established itself as a global sourcing base for generic agrochemicals. Petrochemicals and organic chemicals The petrochemical sector that primarily comprises polymers, synthetic fibers, fiber intermediates and plastic processing is growing at at an annual rate of 14%. At the world level, India stands 9th in terms of polymer consumption and is expected to be the 3rd largest consumer of polymers after USA and China by 2010. To meet the growing domestic requirement, 9 global size ethylene crackers of 700 kt each would need to be set up by 2011–2012, over and above the Dyes The Indian dye industry is valued at around US$ 3 billion, with exports of about US$ 1 billion. The per capita consumption is very low (50 gms) as compared to average global consumption (400gms). The industry is highly fragmented with 50 players in organized sector and 900 in unorganized sector. (400 gms). The industry has undergone tremendous over the years, starting as an intermediate manufacturing industry to a full fledged industry with huge export potential. At present, India's share of the dye output globally stands at 5%, with a manufacturing capacity of 1,50,000 tons per annum. Specialty chemicals Specialty chemicals comprise fine chemicals and performance chemicals. The Indian fine chemical industry is in a growth phase with an estimated worth of US$ 700 million. The industry primarily caters to the pharmaceutical industry. The Indian specialty chemicals industry is valued at an approximated worth of US$ Inorganic Chemicals Characterized by high degree of fragmentation even across high volume product areas, Indian inorganic chemicals industry account for less than 4.5 % of global market. The sector comprises of production of chemicals, such as 3 billion. present capacity of 2.4 million tons.

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sulphuric acid, phosphoric acid, titanium dioxide, carbon black and chloralkali industry, which forms a major part of inorganic sector. Indian Chemical Industry Exporter History
The chemical industry is one of the earliest domestic industries in India, contributing considerably to both the industrial as well as economic growth of the country since it achieved independence in 1947. The industry presently produces around 70,000 commercial products, which range from toiletries and cosmetics, to plastics and pesticides. The wide and diverse range of products can be broken down into several categories, which include inorganic and organic (commodity) chemicals, plastics and petrochemicals, drugs and pharmaceuticals, dyes and pigments, pesticides and agrochemicals, fine and specialty chemicals, and fertilizers.With primary focus on modernization, the Govt. of India has taken an active role in promoting the growth and development of Indian domestic chemical industry.
• • • •

Total US$30.59 Billion during 2005-2006 . Contributes to 3% of GDP during 2005-2006. One of the fastest growing sectors of Indian economy. Chemical Industry in India is fragmented and dispersed - multi product and multi faceted. Chemicals sold directly to large customers and through distribution channels. Distribution channels mostly consist of stockists and dealers spread all over India addressing small segments and retail market.

Foreign Trade :India was a net importer of chemicals in early 1990s , but has now become a net exporter due to reduction in Imports because of implementation of many large scale petrochemical plants like Reliance etc. and also because of tremendous growth of exports in sectors like bulk drugs and pharma, pesticides, dyes and intermediates. Exports by the basic chemical sector in 1995-96 surpassed the target of Rs 6,742 crore by reaching a figure of Rs 7,979.30 crore and showing a massive growth of

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24% over the preceding year's figure of Rs 6,403.90 crore. During 1994-95 exports totaled Rs 6,403.90 crore against the target of Rs 5,504.60 crore, while in the preceding year shipments reached Rs 4,904.40 crore against the target of Rs 4,584.00 crore. The drugs and pharmaceuticals and the organic/inorganic/agro-chemicals contributed as much as 63% of total exports. This has been a herculean task, which has been achieved by competing with big multinational corporations of the world. Turnover for the year ended 1998-99 is close to Rs.15,000 crores. The chemical industry comprises the companies that produce industrial chemicals. It is central to modern world economy, converting raw materials (oil, natural gas, air, water, metals, minerals) into more than 70,000 different products. Polymers and plastics, especially polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, polystyrene and polycarbonate comprise about 80% of the industry’s output worldwide. Chemicals are used to make a wide variety of consumer goods, as well as thousands inputs to agriculture, manufacturing, construction, and service industries. The chemical industry itself consumes 26 percent of its own output. Major industrial customers include rubber and plastic products, textiles, apparel, petroleum refining, pulp and paper, and primary metals. Chemicals is nearly a $2 trillion global enterprise, and the EU and U.S. chemical companies are the world's largest producers. The largest corporate producers worldwide, with plants in numerous countries, are BASF, Dow, Shell, Bayer, INEOS, ExxonMobil, DuPont, and Mitsubishi, along with thousands of smaller firms. This article does not cite any references or sources. ... Polypropylene lid of a Tic Tacs box, with a living hinge and the resin identification code under its flap Micrograph of polypropylene Polypropylene or polypropene (PP) is a thermoplastic polymer, made by the chemical industry and used in a wide variety of applications, including food packaging, ropes, textiles, plastic parts... Polyethylene terephthalate (aka PET, PETE or the obsolete PETP or PET-P) is a thermoplastic polymer resin of the polyester family and is used in synthetic fibers; beverage, food and other liquid containers; thermoforming applications; and engineering resins often in combination with glass fiber. ... Polystyrene (IPA: ) is a polymer made from the monomer styrene, a liquid hydrocarbon that is commercially manufactured from

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petroleum by the chemical industry. ... Polycarbonates are a particular group of thermoplastic polyesters. ... In the U.S. there are 170 major chemical companies. They operate internationally with more than 2,800 facilities outside the U.S. and 1,700 foreign subsidiaries or affiliates operating. The U.S. chemical output is $400 billion a year. The U.S. industry records large trade surpluses and employs more than a million people in the United States alone. The chemical industry is also the second largest consumer of energy in manufacturing and spends over $5 billion annually on pollution abatement. In Europe, especially Germany, the chemical, plastics and rubber sectors are among the largest industrial sectors. Together they generate about 3.2 million jobs in more than 60,000 companies. Since 2000 the chemical sector alone has represented 2/3 of the entire manufacturing trade surplus of the EU. The chemical sector accounts for 12% of the EU manufacturing industry's added value. The chemical industry has shown rapid growth for more than fifty years. The fastest growing areas have been in the manufacture of synthetic organic polymers used as plastics, fibres and elastomers. Historically and presently the chemical industry has been concentrated in three areas of the world, Western Europe, North America and Japan (the Triad). The European Community remains the largest producer area followed by the USA and Japan. The traditional dominance of chemical production by the Triad countries is being challenged by changes in feedstock availability and price, labour cost, energy cost, differential rates of economic growth and environmental pressures. Instrumental in the changing structure of the global chemical industry has been the growth in China, India, Korea, the Middle East, South East Asia, Nigeria, Trinidad, Thailand, Brazil, Venezuela, and Indonesia.

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INTERNAL COMPONENT OF INDIAN ECONOMY Chemical industry is an integral component of the Indian economy, which contributes around 7 % of the Indian GDP. It touches our lives in several different different ways. Whether it is thermoplastic furniture we use, or a synthetic garment we wear, or a drug we take – we are inextricably associated to it. The industry is integral to the development of agricultural and industrial development in India and has key linkages with various other downstream, such as automotive, consumer durables, engineering, food processing and more. Globalization posses many challenges to the industry, which has predominantly developed in a protected environment. With World Trade Organization assuming an increasing role in global economics, there is an inevitable move towards an inter-linked international economy. However, there have been cases where particular segments of the industry, such as pharmaceuticals and biotechnology have performed exceedingly well even at the world level. During 2005-06, the industry contributed 17.6% of the manufacturing sector. However the country continues to be a net importer in 2005-06, with exports of US$ 5.95 billion and imports of US$7.92 billion. The worth of Indian chemicals industry during 2005-06 was US$30.59 billion, which reflected a growth of 10.23% over the previous year and a CAGR of 8.68% during the last 3 years. Future Forecasts A decade of economic reforms has resulted in major changes in the way the Indian chemical manufacturers work and operate. Individual enterprises have realized their strengths and weaknesses and are gearing up to face the new challenges. Success stories in dyes and agrochemicals have boosted the

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confidence of Indian manufacturers to take on global competition squarely. Some of the advantages of Indian chemical industry include •

Due to its low cost infrastructure, the country has huge export potential. According to a recent report, India's chemical exports have the potential to rise US$ 300 billion by 2015. This defines an investment of US$ 50 billion in chemical industry alone.

The country has the capacity for high value addition being close to Middle East. This is a cheap and ample source for petrochemical feedstock.

In some categories of chemicals, India does have the advantage for exports (dyes, pharmaceuticals and agrochemicals) by establishing strategic alliances with countries like Russia. With the expertise and know-how available in the country, there is a tremendous export potential in dyestuff and agrochemical market.

Availability and abundance of raw materials for titanium dioxide and agro-based products, such as castor oil provide an opportunity to yield significant value addition. This, however, would require substituting their exports in raw form by producing high value derivatives.

The major challenges are pursuit for feedstock and knowledge management. The naphtha-based crackers that have been providing feedstock to the industry traditionally, have now been replaced by new gas-based crackers. Along with China, India pose a stiff competition to the Middle East due to the vibrant exports and huge unexplored reserves of oil and gas. The Govt. of India is acting as a facilitator by establishing LNG terminals and acquiring equity interests in overseas proven oil reserves. This will fuel the fast growth in chemical industry. The govt. is

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also engaged in the development and formulation of a National Policy on Pharmaceuticals and mega-industrial chemical estates.

INDIA GLYCOL LIMITED : COMPANY HISTORY 1983 - India Glycols Ltd was incorporated at New Delhi on 19thNovembe as a public limited company as u.p.glycols limited obtained the Certificate of Commencement of Business on 3rd February; 1984.The Company was promoted by Vam Organic Chemicals Ltd. The company manufactures monoethyleneglycol (MEG) , diethylene glycol (DEG) and triethylene glycol (TEG). - The company entered into a technical know-how agreement with `Scientific Design Company Inc., USA (SD) for the supply of process know-how only for the conversion of ethanol into MEG as the promoter VAM agreed to advise free of cost on the conversion process of molasses into ethanol. - The company also entered into an agreement with Toyo Engineering India Ltd., for implementing the project within guaranteed cost and time limit. 1986 - The name of the Company was changed to `India Glycols Limited' Effective from 4th September. 1988 - 70 shares subscribed for by the signatories to the Memorandum of

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Association.244,99,930 shares then issued at par of which 84,69,930 shares to promoters, directors, etc., and Vam Chemicals Ltd., and its wholly owned subsidiaries and 25,00,000 shares to shareholders of Vam Organic Chemicals Ltd., Ramgang Fertilizers Ltd., and Hindustan Wires Ltd., were reserved and allotted. Out of the remaining 135,30,000 shares, the following shares were reserved for preferential allotment: (i)15,00,000 share to UTI, (ii) 7,50,000 shares to SBI Capital Markets Ltd. (iii) 30,00,000 shares to NRIs on repatriation basis, (iv) 2,50,000 shares to business associates, (v) 10,00,000 shares to farmers and rural investors and (vi) 12,25,000 shares to employees/workers of the company as also of the Vam Organic Chemicals Ltd. (Except 12,01,100 shares of the employees quota all shares taken up.) The balance 58,05,000 shares along with 12, 01,100 shares not taken up by employees were offered to the public in July 1988. - Additional 33,82,500 shares allotted to retain oversubscription (7,50,000 shares to NRIs, 62,500 shares to business associates,8,12,500 shares to farmers and 17,57,500 shares to public). 1990 - The Company received approval for expanding the MEG capacity upto 60,000 MT per annum. The Company proposed to diversify into the field of Ethylene Oxide (EO) derivatives and had received letter of intent for the manufacture of 1000 MT per annum of EO derivatives. 1991 - Steps were initiated to undertake diversification programmed to manufacture Ethylene Oxide condensate/derivatives. The Company undertook the expansion of effluent treatment and Biogas generation facilities. 1992 - The Capacity of MEG was enhanced to 25,000 tones per annum.

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1995 - The company had tied up with Sanyo Chemical Industrial Surfactants Covering major industries like textiles, toiletries, pharmaceuticals, agrochemicals, paper, lubricants etc. - The Company also proposed to set up facilities for chlorosulphation to produce other specialty chemicals to maintain better quality standards. 1996 - The Company was implementing cholorosulphation project. 2003 -The Board of Directors at their meeting held on December 4, 2003 have approved the merger of wholly owned subsidiary company CDS International Ltd with the company. The Board of Directors at their meeting held on December 4, 2003 has approved the merger of wholly owned subsidiary company CDS International Ltd with the company. On Novembers a public limited company as `U.P. Glycols Limited' and obtained the Certificate of Commencement of Business on 3rd February, 1984. The company was promoted by Vam Organi Chemicals Ltd.The company manufactures mono-ethylene glycol (MEG), diethylene glycol (DEG) and triethylene glycol (TEG).

SWOT ANALYSIS
Strength IGL is uniquely positioned as a petrochemical manufacturer through the organic route, and is probably the largest player in the world in its segment. Though the gross block of the company is Rs9.7bn, its replacement cost is estimated to be ~Rs32bn. This along with technological know how, would act as a strong barrier for entry, thereby offering competitive safety for the company. The Kashipur unit is fully integrated one, thereby ensuring operational smoothness. The company is altering its mix in favour of EO derivatives. This

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offers higher realisations with stability in outlook and prices. Improving product range (180 at present) would also enhance realisations and consequently better margins. IGL has the ability to switch its feedstocks, between molasses, ethanol and sugarcane. Thus, it can procure molasses or ethanol at the start of a season (Oct-Nov) and rationalise its raw material costs. Its storage facility also enables it to manage inventories on a higher scale. Weakness IGL’s margins could face pressure if MEG prices continue to fall vis-avis hikes in prices of molasses and ethanol. While IGL is integrating backwards to reduce the price volatility in its raw materials, the same cannot be eliminated and hence would continue to dog the operations of the company. Newer capacity expansion being undertaken in the M. East (Saudi Arabia & Iran) has the potential to lower the landed cost of imported MEG in India and to impact realisations. Currently, POY/PSF industry accounts for ~70% of MEG consumption in India and ~35% of IGL’s revenues. This imparts high sensitivity to an industry and any slowdown in that sector has the potential to impact IGL’s earnings. Opportunities IGL has flexibility in using ethanol or molasses as its feedstock for MEG/EO manufacturing, which can help optimise its raw material cost. By setting up co-generation plants, IGL will be able to lower its power costs (12% of net sales in FY08) to 8% of net sales in FY10. Expansions in the polyester industry (Indo Rama, JBF, Reliance and Garden Mills) will ensure offtake of IGL’s incremental capacity. IGL is diversifying its revenue stream through venturing into Nutraceuticals, CO2 and Real Estate, which are expected to account for ~10% of revenues by FY10.

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Threats MEG capacity expansion in M. East may dampen IGL’s offtake. Additional capacitiesmay impact global prices which will impose margin pressure. Also, any changes in custom duties on MEG (7.5%) and swing in Rs/USD rates have the potential to dampen realisations and margins. Currently the Reliance group, which is the largest domestic manufacturer of MEG, consumes majority of its production in-house. Any sharp scale up in its merchant sales can upset the business prospects of IGL. After Shakumbari expansion, there would be another factor influencing the costing structure of IGL namely sugarcane. We have drawn our estimates on cane prices of Rs 125/qntl. Thus, any unfavourable change in the pricing or availability of cane can substantially impair the earnings of the company . IGL is undertaking capex of Rs4.9bn over the next 2 years. There is also a shutdown of 25-35 days envisaged at its MEG facility. Any derailment or delay of the same could impact its earnings substantially. Exports constitute ~14% of its revenues and any adverse movement in exchange rate can depress margins. In a scenario where petrochemical companies are experiencing supply shortage and rise in prices of feedstocks, green route (Biomass) players have become competitive. In this backdrop, its capacity expansion by 20% and foray into value added products augurs well for IGL’s revenue and margins. Its recent acquisition of Shakumbari has afforded italternatives (making sugar and/or ethanol), thereby enabling it to capitalise on market conditions. IGL is also setting up co-generation power plant in Shakumbari and Kashipur that will reduce the power cost to <Rs 1perunit. Thus, we estimated power and Fuel cost as a % of net sales to ease to ~8% in FY10 from 12% in FY08. Besides reducing the cost, IGL is also focusing on high margin EO derivative business where prices are more stable and competition minimal. We estimate this business to register a CAGR of 19% from FY08-10 and attain a size of

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Rs8.5bn by FY10. The revenue flow from other streams i.e. Nutraceuticals, CO2 plant, property lease and sugar will also help augment by FY10. With inclusion of guar gum powder and industrial gases, revenues from other streams will be ~10% of total revenues by FY10 (v/s 3% in FY08). In FY10, we estimate net revenues of Rs17bn (CAGR 13% from FY08-10), OPM of 27% (+200bps from FY08) and net profits of Rs2.9bn (v/s Rs1.8bn inFY08). - The company entered into a technical know-how agreement with `Scientific Design Company Inc., USA (SD) for the supply of process know-how only for the conversion of ethanol into MEG as the promoter VAM agreed to advise free of cost on the convers process of molasses into ethanol.

- The company also entered into an agreement with Toyo Engineering India Ltd., for implementing the project within guaranteed cost and time limit. First and only company in the world to produce Ethylene Oxide (EO) / Mono Ethylene Glycol (MEG) from renewable agro route based on molasses, since 1989. Leading manufacturers of Glycols, Ethoxylates, Performance

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Chemicals, Glycol Ethers & Acetates, Guar Gum and Potable Alcohol. Completely integrated state - of - the - art manufacturing process with emphasis Son superior quality by deploying internationally proven technologies, innovative R&D and customized approach.

Largest Ethoxylate, Glycol Ether producer and thus leader in Ethylene Oxide Derivatives/Surfactant business in India.

Global player meeting international specifications and norms, exporting to South East Asia, Middle East, Europe, Australia and USA. Catering to more than 1,000 customers in various end-use industries such as Textile, Agrochemical, Oil & Gas, Personal Care, Pharmaceuticals, Brake Fluids, Detergent, Emulsion Polymerization & paints etc.

Offer customer specific products to meet their performance / technical requirements. Customer base includes large MNCs, Public Sector Undertakings and large as well as medium & small Indian organizations.

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QUALITY THROUGH ADVANCED TECHNOLOGY India Glycol ltd is one of the leading manufactures of glycol, ethoxylates and specialty chemicals. Our continued emphasis on superior quality through the latest technologies available worldwide, makes us a pioneer in our field. Our belief in providing the desired products with the help of the best technology is in our manufacturing facilities. Our state-of-the-art glycols manufacturing plant at Kashipur, Uttar Pradesh has the distinction of being the only one in the world to have commercialized the production of ethylene oxide from molasses, a renewable resource. This plant was commissioned in 1988, in technical collaboration with M/s scientific design Inc, U.S.A.to manufacture glycols. In 1995, we diversified into the production of high purity ethylene oxide {EO}, once again adopting the scientific design technology.

20,000 MTPA production capacity deploying the latest 2nd generation loop reactor from PRESSINDUSTRIA Italy for minimum free EO and Dioxane content.

• State-of-the-art computer controlled system from ROSEMOUNT FISCHER, U.S.A. for consistent quality. Strategic alliance with SANYO CHEMICAL INDUSTRIES, Japan for specialty chemicals. We have the largest ethoxylation facility in India, using the 2nd generation loop reactor technology from Pressindustria, Italy. The vapour-vapour phase reaction of this technology ensures minimum residence time of unreacted EO and faster reaction late. This result in ethoxylates of high purity, low colour and odour, low aldehyde, minimum free EO and dioxane content thus eliminating any interference in subsequent applications.

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In a major leap forward, we tied up with Sanyo Chemical Industries, Japan , to set up a state-of-the-art 10,000 MTPA specialty Chemicals Plant to introduce a wide range of products and meet the diversified needs of various end use industries. PRODUCTS PROFILE : MEG / DEG / TEG

We manufacture MEG / DEG / TEG in state-of-the-art plant in technical collaboration with Scientific Design Inc., USA.

Supplying to major Polyester / Chemical customers by meeting their stringent specifications.

MONOETHYLENE GLYCOL (MEG) is a colorless, odourless, nonvolatile liquid. It is completely miscible in water and many organic solvents.

DI-ETHYLENE GLYCOL (DEG) is a stable, high boiling, odourless, hygroscopic liquid completely miscible in water.

ALKYL PHENOL ETHOXYLATES

Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA' loop reactor which is currently the largest alkoxylation facility in India.

The plant is operated through a fully automated DCS system, which ensures consistent quality.

• •

Internationally proven technology with high purity, low colour & odour. Large capacities to meet bulk requirements.

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They are excellent Oil/Water soluble detergents, emulsifiers/ coemulsifiers, wetting / cleaning & dispersing agents, intermediate for sulphation and find application in various industries such as Textile, Detergent, Agrochemical, and Emulsion Polymerization & Paints.

Wide range based on Nonyl Phenol, Octyl Phenol, Card Phenol & Styrenated Phenol under the brand name of ALPHOX series.

Product Range: Nonyl Phenol Ethoxylates (4 to 30 moles), Octyl Phenol Ethoxylates (10, 20 moles etc), Styrenated Phenol Ethoxylates (20 Moles etc.), Card Phenol Ethoxylates (5 to 30 moles).

We can tailor make specific moles & products as per customer requirements.

POLYETHYLENE GLYCOLS

Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA' loop reactor which is currently the largest alkoxylation facility in India.

The plant is operated through a fully automated DCS system, which ensures consistent quality.

Internationally proven technology with high purity, low colour & odour meeting Indian, International Pharmacopea, IP / USP / NF specifications.

• •

Large capacities to meet bulk requirements. Products are essentially non-toxic, stable & versatile solvents find various applications:

Pharmaceuticals - as bases for ointments & suppositories, liquid preparation & tablet manufacturing.

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Cosmetic - aids in soap production, fixative for perfume oils in deodorant, evaporation retarders in nail varnish, pre or after shave lotions.
o o o o o o

Oral Care - adjust consistency in tooth paste formulation. Automotive - in manufacturing of Brake Fluids. Textile Paints & printing inks Resins & plastics Ceramics

Wide range of products (PEG-200 to 4000) under brand name of POLYMEG series.

We can tailor make specific moles & products as per customer requirements.

EO / PO COPOLYMERS

Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA' loop reactor which is currently the largest alkoxylation facility in India.

The plant is operated through a fully automated DCS system, which ensures consistent quality.

Internationally proven technology with high purity, low colour & odour meeting Indian, International standards.

• •

Large capacities to meet bulk requirements. They find application mainly in anti-foam formulations, as emulsifier in water treatment, paint & oil field chemicals.

Product Range : EO-PO Co-polymers under brand name of EPOXEL series.

We can tailor make specific moles & products as per customer requirements

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FATTY ALCOHOL ETHOXYLATES

Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA' loop reactor which is currently the largest alkoxylation facility in India.

The plant is operated through a fully automated DCS system, which ensures consistent quality.

• • •

Internationally proven technology with high purity, low colour & odour. Large capacities to meet bulk requirements. Fatty Alcohol Ethoxylates mainly find application as cleaning & scouring agents, detergents and emulsifying in textile and other industries.

Tridecyl Alcohol Ethoxylates : 3 to 10 moles under brand name of IGSURF series.

Lauryl Alcohol Ethoxylates are used as a major raw material for manufacture of Sodium Lauryl Ether Sulphate (SLES) for shampoo and detergent.

Ceto Stearyl Alcohol Ethoxylates find application as an emulsifier in Pharma & Cosmetic applications such as ointments and creams.

Product Range : Lauryl Alcohol Ethoxylates - 2.0 to 11 moles under brand name of LARYDET series and Ceto Stearyl Alcohol Ethoxylates 10, 20 moles under brand name of CETODET series.

We can tailor make specific moles & products as per customer requirements.

FATTY ACID ETHOXYLATES

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Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA' loop reactor which is currently the largest alkoxylation facility in India.

The plant is operated through a fully automated DCS system, which ensures consistent quality.

• • •

Internationally proven technology with high purity, low colour & odour. Large capacities to meet bulk requirements. Fatty Acid Ethoxylates such as Stearic Acid, Lauric Acid etc. find application mainly in textile formulation and manufacture of spin finishes.

Product Range : Stearic Acid Ethoxylates, Lauric Fatty Acid Ethoxylates, Coco Fatty Acid Ethoxylates, under brand name of STEXEL series.

We can tailor make specific moles & products as per customer requirements.

FATTY AMINE ETHOXYLATES

Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA' loop reactor which is currently the largest alkoxylation facility in India. The plant is operated through a fully automated DCS system, which ensures consistent quality.

• • •

Internationally proven technology with high purity, low colour & odour. Large capacities to meet bulk requirements. Fatty Amine Ethoxylates based on coco-amine, lauryl, oleyl amines etc. find major application as dye levelling, wetting agents in textile formulations & detergents.

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• •

They are also used an emulsifier in pesticide formulations. Product Range : Oleyl Amine Ethoxylates, Coco Amine Ethoxylates, under brand name of AMINOX series.

We can tailor make specific moles & products as per customer requirements.

NATURAL OIL ETHOXYLATES

Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA' loop reactor which is currently the largest alkoxylation facility in India.

The plant is operated through a fully automated DCS system, which ensures consistent quality.

Internationally proven technology with high purity, low colour & odour meeting Indian, International Pharmacopea, IP / USP / NF specifications.

• •

Large capacities to meet bulk requirements. Based on Castor, Soya and Groundnut, Hydrogenated Castor oil, these products find application mainly as emulsifier for agro & textile formulations, leather, paints etc.

Product Range : Castor Oil Ethoxylates - 20 to 55 moles under brand name of CASTROX series.

We can tailor make specific moles & products as per customer requirements.

OTHER ETHOXYLATES

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Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA' loop reactor which is currently the largest alkoxylation facility in India.

The plant is operated through a fully automated DCS system, which ensures consistent quality.

• • •

Internationally proven technology with high purity, low colour & odour. Large capacities to meet bulk requirements. Product Range : Sorbiton Ester Ethoxylates under brand name of SORBOX series, Tri-decyl Alcohol Ethoxylates under brand name of IGSURF series.

We can tailor make specific moles & products as per customer requirements.

GLYCOL ETHERS

Manufactured with know-how from M/s Sulzer Chemtech, Switzerland, which is the largest Glycol Ether Plant in India and the only continuous process Glycol Ether plant in India ensuring consistent quality.

Meeting stringent international specifications of markets in Europe, South East Asia, Middle East.

Our focus is to manufacture Ethyl Glycol Ethers which finds application in Paint & Coating, automotive brake fluid industry.

We can manfacture other grades of Glycol Ethers such as Methyl Glycol Ethers, Butyl Glycol Ethers, Phenoxy Ethanol, which also find application in various industries such as anti-foam agent, perfumery, paints & coating etc.

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Wide range under brand name of IGSOL and IGTOL series.

GLYCOL ETHER ACETATES

Manufactured with know-how from M/s Sulzer Chemtech, Switzerland, which is the largest Glycol Ether Plant in India and the only continuous process Glycol Ether plant in India ensuring consistent quality.

Our Ethyl Glycol Ether Acetates meets the international specifications which finds application mainly in paint & coating industry.

• •

Wide range under brand name of IGACE series. Other Glycol Ether Acetates can also be considered and made as per customer requirement.

BRAKE FLUIDS & ANTIFREEZE COOLANT Brake Fluids

Manufactured with know-how from M/s Sulzer Chemtech, Switzerland, which is the largest Glycol Ether Plant in India and the only continuous process Glycol Ether plant in India ensuring consistent quality.

We manufacture both DOT-3 and DOT-4 grades of brake fluid as per international specifications and approved by ARAI, Pune, a leading automobile research institute in India.

Product Range : DOT-3, DOT-4 brake fluids under brand name of IGDOT series and components for brake fluids such as PEGs, DEG, Higher Glycol Ethers are also available.

Antifreeze Coolant

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• •

We manufacture Antifreeze Coolant in state-of-the-art plant. Supplying to major Oil Companies / Ministry of Defence by meeting their stringent specifications Ennature Biopharma is the new natural products division of India Glycols

Limited and is in the business of manufacturing natural active pharmaceutical ingredients (API’s), standardized botanical extracts and spice extracts for the beverage, dietary supplement, functional foods, pharmaceutical and cosmeceutical industries. We are using state of the art, toxic-free, high selectivity super critical fluid extraction technology (SCFE) to produce superior quality extracts. Our manufacturing facilities are in the process of being cGMP, HACCP and Kosher certified. We have a strategic advantage of being located in Dehradun, which is an extremely favorable agro-climatic zone for herbal and plant cultivation in India. Also, we have a strong hold over raw material supply through our own cultivation in the foothills of the Himalayas and contract cultivation with farmers in the region. This assures us availability of a variety of desired raw materials at competitive prices. In addition, we have a professionally managed research team to undertake large scale research and development of plant based secondary metabolite products, nutraceuticals, phytopharmaceuticals (active pharmaceutical ingredients- API’s) and their intermediaries along with standardized herbal extracts for the global market. We aim to achieve the highest levels of customer satisfaction by supplying a wide range of high quality, new and value added ingredients. We will be commencing production in May

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Some of the Products those generate revenue in Global Market

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CHEMICALS PERFORMANCE IN VARIOUS INDUSTRIES

OIL & GAS Wide range of additives for oil exploration and refining. • EO/PO blocks co-polymers, high molecular weight resins and polyamine ethoxylates for crude oil demulsification. • Environment friendly, water soluble products for oil spill control. • Pour point depressant to improve flow of oil at lower temperatures. • Glycol Ethers are used during oil drilling. • IGL offers Guar Gum products, which are used in deep oil well drilling, enhanced oil recovery, plugging holes & pour point depressants. IGL's Product Range for OIL & GAS Industry GLYCOLS TRI ETHYLENE GLYCOLS (TEG) OIL & GAS GLYCOL ETHERS & ACETATES ETHYLENE GLYCOL MONO BUTYL ETHER OIL & GAS

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OIL & GAS PRODUCTION PERFORMANCE CHEMICALS OIL & GAS SHALE STABILISER SPOTTING FLUID OIL SOLUBLE DEMULSIFIER WATER SOLUBLE DEMULSIFIER DESALTER DEMULSIFER CORROSION INHIBITOR POUR POINT / DRILLING OIL & GASREFINING LUBRICANT

PRODUCTION

DEPRESSANT (PPD) FLOW IMPROVER FOR CRUDE OIL NON EMULSIFIER DEOILER GUAR GUM INDUSTRY OIL & GAS APPLICATION DEEP OIL WELL DRILLING ENHANCED OIL RECOVERY PLUGGING HOLES & POUR POINT DEPRESSANTS

Performance Chemicals For OIL & GAS Industry

Technical know-how from M/s Sanyo Chemical Industries, Japan.

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• •

Wide range of additives for oil exploration and refining. EO/PO block co-polymers, high molecular weight resins and polyamine ethoxylates for crude oil demulsification.

• •

Environment friendly, water soluble products for oil spill control. Pour point depressant to improve flow of oil at lower temperatures

AGROCHEMICALS

IGL offers a unique blend of IGSURF Series for EC formulations designed for application in multiple toxicants. Highly stable and free flowing broad spectrum emulsifiers. Wetting and dispersing agents for wettable powders and suspension concentrates. Wetting and dispersing agents for wettable powders and suspension concentrates. Range of eco-friendly surfactants for new generation formulations. IGL offers Guar Gum products which are used in tobacco fines recovery.

• •

• •

GLYCOL DI ETHYLENE GLYCOLS (DEG) AGROCHEMICALS NEAT ETHOXYLATES & PEGs Fatty Alkyl phenol ethoxylates alcohol ethoxylates Alkyl Styrenated Lauryl phenol phenol alcohol ethoxylates ethoxylates ethoxylates

Fatty Natural oil ethoxylates amine ethoxy Castor oilSoya oil lates ethoxylates ethoxylates

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Emulsifying Wetting Performance Chemicals For AGROCHEMICAL Industry
• •

Technical know-how from M/s Sanyo Chemical Industries, Japan. IGL offers a unique blend of IGSURF Series for EC formulations designed for application in multiple toxicants.

• •

Highly stable and free flowing broad spectrum emulsifiers. Wetting and dispersing agents for wettable powders and suspension concentrates. Range of eco-friendly surfactants for new generation formulations

TEXTILE

Comprehensive range of products required at various stages of yarn & International technology. A complete range of glycols; MEG, DEG, TEG and PEG's of molecular Emulsifier, wetting agents, dispersing agents, leveling and lubricating

fabric processing based on
• •

weight ranging from 200-4000.

agents, with low PEG content for better surfactancy. IGSURF series of specialty chemicals developed with know-how from M/s Sanyo Chemical Industries, Japan. Low foaming mercerizing agents, unique blends of cationic and nonionic softeners and a range of dye leveling agents for improved fastness of dyed fabrics. IGL's Product Range for TEXTILE Industry GLYCOLS

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MONO ETHYLENE GLYCOLS (MEG)

Polyester Oriented Yarn (POY) Polyster Staple Fibre (PSF) NEAT ETHOXYLATES & PEGs
FATTY POLYETHY LENE GLYCOLS (PEGs) LUBRICATING ADDITIVES WETTING CLEANING DYE LEVELLING SCOURING EMULSIFYING PRINTING & DYEING ANTISTATIC ALKYL PHENOL ALCOHOL FATTY NATURAL OIL ETHOXYLATES LAURYL TDA ETHOXY ETHOXYLATES ACIDFATTY AMINECASTOR SOYA OIL LATES ETHOXY ETHOXY LATES

ETHOXYLATES ALCOHOL

ETHOXYLATES ETHOXYLATES OIL

ETHOXYLATES LATES

GLYCOL ETHERS & ACETATES Ethylene Glycol Mono Ethyl Ether Printing & Dyeing Dye Manufacturing Performance Chemicals For TEXTILE Industry
• •

Technical know-how from M/s Sanyo Chemical Industries, Japan. Emulsifier, wetting agents, dispersing agents, levelling and lubricating

agents, with low PEG content for better surfactancy.

Low foaming mercerizing agents, unique blends of cationic and nonionic

softners and a range of dye levelling agents for improved fastness of dyed fabrics.

Spin finish oil for polyester industry.

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PERSONAL CARE

Nontoxic, free of carcinogenic impurities, polyethylene glycols with minimum free EO and dioxane content. Water white SLES with low salt and dioxane content. Ingredients for manufacture of shampoos, which are skin friendly.

• •

IGL offers Guar Gum products duly approved under U.S. Federal These products are used in toothpaste, cosmetics,

Register as Generally Recommended As Safe - GRAS Category for Food, Feed & Pharma applications. shampoos, hair dyes etc. IGL's Product Range for PERSONAL CARE Industry NEAT ETHOXYLATES & PEGs FATTY ALCOHOLNATURAL OIL

ETHOXYLATES POLYETHYLE LAURYL CETO NE GLYCOLSALCOHOL ES SOLUBILISE R CREAM STEARYL ETHOXYLAT ES (PEGs) ETHOXYLAT ALCOHOL

ETHOXYLATES HYDROGENATE D CASTOR OIL ETHOXYLATES

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BASE FOAMING TAR REMOVAL PERFORMANCE CHEMICALS PERSONAL CARE SODIUM LAURYL SHAMPOO ETHER TOOTHPASTE

SULPHATE SODIUM LAURYL SULPHATE SHAMPOO BASE GUAR GUM APPLICATION TOOTH PASTE & COSMETICS SHAMPOOS HAIR DYES Performance Chemicals For PERSONAL CARE Industry
• •

Technical know-how from M/s Sanyo Chemical Industries, Japan. Water white SLES with low salt and dioxane content.

Ingredients for manufacture of shampoos, which are skin friendly PHARMACEUTICALS • IGL offers a variety of nonionic ethylene oxide condensates that are stable in mild acids and electrolytes. • Nontoxic, free of carcinogenic impurities, polyethylene glycols with minimum free EO and dioxane content which meets the stringent pharmacopia specifications such as IP / USP / BP / NF.

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• Products used mainly in manufacture of ointments, tablets, syrups, etc in the pharmaceuticals industry. • IGL offers Guar Gum products duly approved under U.S. Federal Register as Generally Recommended As Safe - GRAS Category for Food, Feed & Pharma applications. These products are used in tablet binding, viscosifying syrups etc. Our Extra Neutral Alcohol is used for manufacture of bulk drugs and formulations. IGL's Product Range for PHARMACEUTICALS Industry NEAT ETHOXYLATES & PEGs Natural oil ethoxylates Fatty acid ester of Polyethylene Hydrogenated castor sorbitan glycols (pegs) oil ethoxylates ethoxylates OINTMENT BASE SYRUP BSE SOLVENT FOR INJECTION SOLUBILISER GLYCOL ETHERS & ACETATES Glycol Ethers Ethylene Glycol Mono Di Ethylene Glycol Mono Ethyl Ether Pharma Ethyl Ether

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GUAR GUM APPLICATION TABLET BINDING VISCOSIFYING SYRUPS DISTINTEGRATING AIDS SUSPENDING AGENTS POTABLE ALCOHOL Extra Neutral Alcohol Reaction Aid MINING IGL has tailor-made flotation agents meeting customer specific

requirements. We develop specialty products for flotation of iron ores, cleaning of calcite and collectors for different types of silicate flotation IGL is the leading manufacturer of Emulsifier for Emulsion Explosives. IGL offers Guar Gum products, which are used in coal mining, concentration of ores,

IGL's Product Range for MINING Industry GLYCOLS MONO ETHYLENE GLYCOLS (MEG) MINING

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PERFORMANCE CHEMICALS MINING FLOATATION / WASHING AGENT EMULSIFIER GUAR GUM APPLICATION CONCENTRATION OF ORES COAL MINING & COAL SLURRY - FLOWING AID FLOCCULATION & BETTER RECOVERY STICK EXPLOSIVES BLASTIC SLURRIES WATER CONTROL & GELLING AGENT Performance Chemicals For MINING Industry
• •

BENEFICIATION

EXPLOSIVE

Technical know-how from M/s Sanyo Chemical Industries, Japan. IGL has tailor-made flotation agents meeting customer specific requirements.

We develop speciality products for flotation of iron ores, cleaning of calcite and collectors for different types of silicate flotation stick explosives etc. HEALTH CARE & FOOD PROCESSING For HEALTH CARE & FOOD PROCESSING industry, IGL offer GUAR GUM, which is globally used in Dairy & Frozen Foods, Bakery, Canned Foods, Sauces, Beverages and various health care recipes. IGL has State-of-the-art facility to manufacture 10,000 MTPA of Guar Products such as Guar, Treated & Pulverized Guar Gum Powder and Derivatised Guar, set up as an Export-Oriented-Unit.

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Complete process of Guar Gum is operated by a Fully Automatic Plant and packaging of the same is controlled in most ultramodern plant untouched by hand. Capability to produce various viscosity ranges and different mesh sizes as per customer's requirement.

Exports to entire globe under the brand name of IGGUAR. Approved under U.S. Federal Register as Generally Recommended As Safe - GRAS Category for Food, Feed & Pharma applications. IGL's Product Range for HEALTH CARE & FOOD PROCESSING Industry GUAR GUM INDUSTRY Health Care APPLICATION Slimming Regimen Special Dietetics & Diabetic Diets Soluble Fibre and Various Clinical Nutrition Recipes Dairy & Frozen Foods Bakery Canned Foods Sauces & Salad Dressings Beverages & Instant Mixes

Food Processing

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AUTOMOTIVE For AUTOMOTIVE Industry, IGL offers quality BRAKE FLUIDS and ANTIFREEZE COOLANT. Brake Fluids IGL manufacture both DOT-3 and DOT-4 grades of brake fluid with knowhow from M/s Sulzer Chemtech, Switzerland, which are the largest Glycol Ether Plant in India and the only continuous process Glycol Ether plant in India ensuring consistent quality. Our brake fluids meet international specifications and approved by ARAI, Pune, a leading automobile research institute in India. Product Range: DOT-3, DOT-4 brake fluids under brand name of IGDOT series and components for brake fluids such as PEGs, DEG, and Higher Glycol Ethers are also available. Antifreeze Coolant We manufacture Antifreeze Coolant in state-of-the-art plant. Supplying to major Oil Companies / Ministry of Defence by meeting their stringent specifications IGL's Product Range for AUTOMOTIVE Industry GLYCOL MONO ETHYLENE GLYCOLSDI (MEG) AUTOMOTIVE ANTI FREEZE COOLANT ETHYLENE GLYCOLS (DEG)

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BRAKE FLUID FIBRE GLASS NEAT ETHOXYLATES & PEGs POLYETHYLENE GLYCOLS (PEGs) AUTOMOTIVE BRAKE FLUID GLYCOL ETHERS & ACETATES GLYCOL ETHERS AUTOMOTIVE DI TRI GLYCOL MONO ETHYL ETHER AUTOMOTIVE HYDRAULIC BRAKE FLUID DETERGENTS

DI GLYCOL MONO BUTYL ETHER

BRAKE FLUIDS TRI DOT-3 DOT-4 GLYCOL MONO BUTYL ETHER FLUID FLUID

ETHYLENE ETHYLENE ETHYLENE ETHYLENE BRAKE BRAKE GLYCOL MONO ETHYL ETHER

Cost-effective blends for synergistic effect and enhanced performance of detergents when used in combination with anionics such as LABSA. Eco-friendly products for improved fabric care, skin care and higher hard water tolerance. PEGs for manufacturing of Soaps. Specially formulated products can be used in liquid & powder detergents as also detergent cakes. SLES for liquid Detergents.

• •

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IGL's Product Range for DETERGENT Industry NEAT ETHOXYLATES & Pegs FATTY ALCOHOL ETHOXYLATES LAURYL ALCOHOL ETHOXYLATES WASHING PERFORMANCE CHEMICALS DETERGENT / CLEANING SODIUM LAURYL ETHER SULPHATE SODIUM LAURYL SULPHATE NONIONIC & ANIONIC BLEND Performance Chemicals For DETERGENT Industry
• •

Technical know-how from M/s Sanyo Chemical Industries, Japan. Cost-effective blends for synergistic effect and enhanced performance of detergents when used in combination with anionics such as LABSA.

Eco-friendly products for improved fabric care, skin care and higher hard water tolerance.

Specially formulated products can be used in liquid & powder detergents as also detergent cakes.

SLES for liquid Detergents.

Paper
• •

Wide range of surfactants for application in pulp and paper industry. Wide range of defoamers for applications such as:
o

Pulping

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o o o o •

Brown stock washing Paper machine Coating Effluent treatment plant Felt washing and conditioning De-inking chemicals Cooking aid Any other surfactants as per customer's specific requirements.

Various tailor made surfactants such as :o o o o

Strength additives

IGL offers guar gum products which are used in reduction of fines, increasing strength & burst factor, improving rattling etc. IGL's Product Range for PAPER Industry NEAT ETHOXYLATES & PEGs FATTY ALCOHOL POLYETHYLENE GLYCOLS (PEGs) PAPER ANTI CURL AGENT SOFTENING AGENT RESIN REMOVAL FROM WOOD PULP DE-INKING ALKYL PHENOL ETHOXYLATES LAURYL ALCOHOL

ETHOXYLATES ETHOXYLATES

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PERFORMANCE CHEMICALS
Paper Flotation Washing Stock Paper Press Machine Effluent wire treatment plant De-inking chemicals Defoamer Retention drainage aid Felt cleaner Wire cleaning Strength additive Cooking aid Peroxide stabiliser Pulping Coating Bleach ing

machine felts

GUAR GUM INDUSTRY PAPER

APPLICATION WET & DRY END ADDITIVES REDUCTION OF FINES INCREASING STRENGTH & BURST FACTOR IMPROVING RATTLING

Performance Chemicals For PAPER Industry    Technical know-how from M/s Sanyo Chemical Industries, Japan. Wide range of surfactants for application in pulp and paper industry. Wide range of defoamers for applications such as: o o o o o Pulping Brown stock washing Paper machine Coating Effluent Treatment Plant

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Various tailor made surfactants such as :o o o o Felt washing and conditioning De-inking chemicals Cooking aid Any other surfactants as per customer's specific requirements.

 Strength Additives Paints & Emulsion Polymerisation

Wide spectrum of surfactants for application in paint and emulsion industries. Excellent emulsifying and wetting properties in adhesive manufacturing. Comprehensive range for paints and emulsion polymerisation industry. Emulsifiers to achieve fine dispersion of polymers and desired consistency in emulsion polymerisation.

• • •

Glycol Ethers & Acetates acts as excellent solubiliser ensuring uniform application & drying of paints.

IGL offers Guar Gum products which used in adhesives glue & paints.

IGL's Product Range for PAINTS & EMULSION POLYMERISATION Industry GLYCOLS MONO PAINTS & EMULSION ETHYLENEDI ETHYLENE

GLYCOLS (MEG)

GLYCOLS (DEG)

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POLYMERISATION

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NEAT ETHOXYLATES & PEGs EO/PO DEFOAMING EMULSIFYING GLYCOL ETHERS & ACETATES GLYCOL ETHERS ETHYLENE ETHYLENE GLYCOL ETHER SOLVENT PERFORMANCE CHEMICALS PAINTS & EMULSIONPAINT MFR. EMULSION MFR. PAINT GLYCOL ETHER GLYCOL ETHER ACETATES ETHYLENE DI ETHYLENE GLYCOL ETHER ACETATE GLYCOL MONO ETHER ACETATE BLOCK CO-GROUNDNUT ETHOXYLATES OIL

POLYMERS

MONO ETHYLMONO BUTYLMONO ETHYLETHYL

POLYMERISATION ANIONIC EMULSIFIER NONIONIC EMULSIFIER QUASI ANIONIC EMULSIFIER GUAR GUM APPLICATION ADHESIVES GLUE & PAINTS

Performance Chemicals For PAINT Industry

Technical know-how from M/s Sanyo Chemical Industries, Japan.

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• •

Excellent emulsifying and wetting properties in adhesive manufacturing. Comprehensive range for paints and emulsion polymerisation industry.

Emulsifiers to achieve fine dispersion of polymers and desired consistency in emulsion polymerization Some Other Industries

Guar Gum

State-of-the-art facility to manufacture 10,000 mtpa of guar products such

as guar, treated & pulverized guar gum powder and derivatised guar, set up as an export-oriented-unit.

Complete process is operated by a fully automatic plant and packaging of

the same is controlled in most ultramodern plant untouched by hand.

Catering mainly to food, feed & pharma, textile, printing, industries etc.

And specialty products in the area of oil & gas and lubricant.

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Capability to produce various viscosities ranges and different mesh sizes

as per customer's requirement.
• •

Exports to entire globe under the brand name of igguar. Approved under U.S. federal register as generally recommended as safe -

gras category for food, feed & pharma applications. Extra Nutral Alcohol

We have one of the largest distilleries in Asia for manufacture of ena with

capacity of 20 million liters per annum.

Ena plant is based on the principles of multi pressure-cascading

techniques & the process control is by digital distributed control system.

Plant is designed & supplied by alfa Laval (India) ltd.

Ena is used as reaction aid in pharmaceutical and as volatile carriers in flavor & fragrances. Imfl / country liquor We have established separate facilities for blending & bottling of India made foreign liquor (imfl) & country liquor. IGL's Product Range for OTHER Industry

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GLYCOLS MONO PACKAGING - POLYESTER FILMS - PET CHIPS FOR BOTTLES FURNITURE / HOUSEHOLD UNSATURATED RESIN CAPACITORS P.U. ADHESIVES POLY ETHYLENE GLYCOLS Performance Chemicals For OTHER Industries
• •

ETHYLENEDI

ETHYLENE

GLYCOLS (MEG)

GLYCOLS (DEG)

Technical know-how from M/s Sanyo Chemical Industries, Japan. IGL is leading manufacturer of defoamers & anti-caking agent to the fertiliser industry.

IGL have developed tailor-made grinding aids for Cement Manufacturing FERTILISER: IGL is leading manufacturer of defoamers & anti-caking agent to the fertiliser industry.

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CEMENT : IGL have developed tailor-made grinding aids for Cement Manufacturing. CERAMIC : IGL has developed Speciality Chemicals for various ceramic applications such as decorative tiles printing. RUBBER : IGL has developed products for various rubber compounding applications inclusive of antitacking, moisturisation and airtrapping. IGL offers Guar Gum products, which are used in various applications such as air freshner gels, agarbatties & incense sticks, photography, ceramic, construction industry, synthetic resins & pet food Our Extra Neutral Alcohol is used as volatile carriers in Flavour & Fragrances.

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RAW MATERIAL LIST COME FROM THE SUPPLIERS 2-ETHYL HEXANOL ACRYLIC ACID AMMONIUM CHLORIDE BUTYL ACRYLATE BENZOTRIAZOLE CARD PHENOL CETO STERYL ALCOHOL CODEX-4503 ACETIC ACID AMMONIUM SULPHATE ACID SLURRY AMMONIA

SOLUTION BEHNYL ALCOHOL BORAX BUTYLATED HYDROXYCITIRIC ACID TOLUNE CALCIUM HYDROXIDE CARD PHENOL RESIN CHLORO SULPHONIC ACID DIMETHYL SULPHATE CASTOR OIL COCO AMINE DICYNO DI AMIDE DIETHYLENE TRIAMINE PENTA ACETIC ACID FORMIC ACID HYDROGEN

DIETHYLENE TRI AMINE EDTA GLYCEROL/GYLCERINE HYDROGENATED

DIPENTENE FORMALDEHYDE GROUND NUT OIL

PER

OXIDE HYPO PHOSPHROUS ACID LAURYL ALCOHOL2.0%HC METHYL METHACRYLATE MONO SODIUM PHOSPHATE OCTYLE PHENOL PHENOL PROPYLENE OXIDE POTASIUM PER FOSULPHATE PRECIPATED SILICA

CASTORHYFLO SUPERCELL LAURYL ALCOHOL LOW HC METHANOL MONO ETHANOL AMINE NORMAL BUTANOL/ IBA OLEYL CETYL ALCOHOL PINE OIL NAPHTHALENE FORMALDEHYDE CONCENSATE

OIL ISO PROPYL ALCOHOL MALEIC ANHYDRIDE MIXED XYLENE NONYL PHENOL OLEIC ACID PHOSPHOROUS PENTOXIDE POLY ALKYL SILOXANE

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POTTASIUM HYDROXIDE PTSA SODIUM BI CARBONATE SODIUM SUSULPHITE SORBITOL STYRENE SULPHAMIC ACID TRI ETHYL AMINE (TEA) WHITE MINRAL OIL META

PPG 2000 RICE BRAN FATTY ACID SODIUM CARBONATE BISODIUM SULPHITE SOYABEEN OIL(REFINED) SODIUM THIOSULPHATE THIO UREA TRI ETHANOL AMINE TURKEY RED OIL

RED

DYE

(1032

OILRED OB EXTRA SODIUM HYPO CHLORITE SOLVENT CIX /

REREMAX/H.A. STEARIC ACID(INDIGI) SODIUM NITRITE TRI DECYL ALCOHOL TOLUNE DM SILICONE 350 CTSK STANSURF 55%)

OIL

(CABS

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CUSTOMER-ORIENTED R&D SUPPORT In performance chemicals, the optimization of applications needs continuous development efforts. The trend towards higher production capacities and increasing quality consciousness has to be supported by better performing chemicals. This can be achieved only through a regular interaction with the customer. We believe that every customer represents a personalized requirement and need, which is why, our r&d activity is customer driven, emphasing on customer specifications and standards.

Our state-of-the-art R&D centre is equipped with sophisticated analytical instruments like ftir, hplc, tensiometers and analyzers to test performance for a wide range of applications. This helps our R&D team in developing a customized product to assist our client in achieving high quality standards. The structure activity correlation data generated by our scientists’ further help in developing new cost effective formulations. Having developed the product; our r&d keeps close contact with the customer’s technical team and supports their need to improve the product over a period of time. In addition, a continuous

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technical assistance in product application and performance is provided so that the customer can have full advantage of our quality. VALUE ADDITION AT EVERY STEP

Quality performance and cost effectiveness of chemicals are the factors that have a direct bearing on our client’s objective to produce a quality product of a competitive price. Our endeavor is to provide technical advantage to our client’s products, assist him in achieving set standards and win a confident position in the market in terms of reliability, quality and commitment. Our every activity is directed towards customer satisfaction and no effort is spared in ensuring that our client gets the benefit of the best technology. We were the first company to acquire the sophisticated vapor phased reaction technology of 2nd generation loop reactor from pressindustria, Italy, high purity minimum free EO and dioxane content in surfactants, batch to batch consistency, result in high quality end product.

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Continuous emphasis is laid on innovative and R&D that develops effective proprietary blends, to meet the requirement of performance and cost benefits. Low batch cycle time, high manufacturing capacity, bulk storage tanks for raw materials and finished products homogeneity of products and reliability of supplies. We believe in building relationships with our clients. We achieve this by first identifying constraints being faced by the customer in surfactant application and then, by providing specific solutions and recommending options to achieve desired end results.

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REACHING THE CUSTOMER

Our extensive marketing network has been designed to facilitate a better penetration. With 5 branch offices, 4 sales centers and 30 distributors, we service over 25 major industrial locations, across the country. Our marketing aim is to forget a mutually beneficial long term association with our clients. It is our endeavor to identify needs and respond to them in minimum possible time, keep in constant touch with every customer, provide information on surfactant applications and product development. We recognize the importance of our supply chain operations and understand that a customer, who experiences efficient operations, will always remain loyal to our products. We carry sufficient stocks of all our products to ensure prompt delivery and consistency in product quality, thereby relieving the customer of building high inventory at his end. Supporting the marketing team is a group of industry managers representing each end user industry. With their technical expertise they act as a conduit for information on prevailing trends, product innovation, new formulations and effective usage to the customer. This proactive marketing approach has resulted in our achieving leadership position in the surfactant industry with a short span of time. Our company also focusing on to reach the customer easily with in a less span of time, for that our commercial department play a important role to make export easy because in today’s scenario its important for the company to save time and cost as possible as it can, not to go any other export houses almost all the companies has their own export house. In that commercial department take

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the responsibility of export documentation of the company, there are various documents those are important for the company(INDIA GLYCOL LIMITED) are following-: EXPORT DOCUMENTATION Export is effected through; Sea/Air/Land route/Post/Courier services Documents normally prepared are Invoice, Packing List, Shipping Bill (as per the requirement of availing the benefit either under the Duty Drawback Schemes or DEPB or Duty Free),Marine Insurance cover, Certificate of Origin, Inspection/Test Certificate, wherever required, Airways Bill/Consignment Note, Good Receipt, Postal Receipt, Courier Company Receipt, Bill of Lading, Mate receipt, Invoice duly attested by Customs, Bank Attested Invoice, Bank Certificate of Export and Realization. These documents are required to be prepared carefully and kept properly. Precaution must be taken to keep in safe custody EP Copy of Shipping Bill, Bank Certificate of Export and Realization as these are two important documents on the basis of which incentives, benefits and facilities can be claimed under the Foreign Trade Policy. Export documents have to be prepared for various purposes viz. 1. Declaration of export as per exchange control regulations of his country. 2. Transportation of the goods. 3. Other purpose 4. Customs clearance of the goods.

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Some of the forms preparing documents have been standardized under the Aligned Documentation System introduced w.e.f. 1.10.1991. 1. Declaration forms All exports to which the requirement of declaration applies must be declared on appropriate form as indicated below: GR Form: To be completed in duplicate for export otherwise than by post including export of software in physical form i.e. magnetic tape/discs and paper media. SDF Form: To be completed in duplicate and appended to the Shipping Bill for exports declared to customs offices notified by the Central Government which have introduced EDI system for processing shipping bill. PP Form: To be completed in duplicate for export by post. SOFTEX: To be completed in triplicate for export of software otherwise than in physical form i.e. magnetic tapes/dics and paper media. 2. Documents for transportation of goods a. Airways Bill/Air Consignment Note The receipt issued by an Air line company or its agent for carriage of goods is called Airways bill or consignment note. The airway bill consists of three originals and six to eleven copies. It is a non-negotiable

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document. Original 1 (Green) is retained by the carrier issuing the AWB for accounting purposes. Original 2 (Pink) accompanies the consignment to final destination. Original 3 (Blue) is given to shipper as proof of receipt of the goods for shipment. b. Bill of Lading The bill of lading is a document issued by the shipping company or its agent acknowledging the receipt of goods mentioned in the bill for shipment on board the vessel and undertaking to deliver the goods in the like order and condition as received to the consignee or his order provided the freight and other charges specified in the bill of lading have been duly paid. Bill of Lading is issued in the standardized aligned document format. c. Mate Receipt It is issued by the Chief of Vessel after cargo is loaded and it contain the name of shipper, place of receipt and voyage No., port of loading, port of discharge, place of delivery, marks and Nos., container No., description of goods, gross weight and other details as per the standardized aligned document format. The receipt is of transferable nature and must be presented at the shipping company’s office to be exchanged into Bill of Lading. d. Combined Transport Document Inland Container Depots have been set up at various centers in the country. These dry ports have made it possible to cover the entire movement of goods from ICD to destination under the transport document called Combined Transport Document. 3. Documents for Custom Clearance of Goods

a. Shipping Bill/Bill of Export
Shipping Bill is the main document required by the Custom Authority for allowing shipment. Basically, shipping bills are of four types. The major distinction between one type and another Shipping Bill

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lies with regard to the goods being subject to ; (a) export duty/cess, (b) Free of duty/cess, (c) entitlement to duty drawback, (d) entitlement of credit of duty under DEPB Schemes and (e) re-export of imported Goods. Following documents are required for processing of Shipping Bill: (a) (b) (c) GR Forms in duplicate for shipments to all countries. Four copies of packing list giving contents, quantity, gross and net weight of each package. Four copies of invoices indicating all relevant particulars such as No., of packages, Quantity, Unit rate, total f.o.b./c.i.f. value, correct and full description of goods etc. (One copy of this invoice is to be pasted on the duplicate copy of Shipping Bill). (d) (e) 1. 2. 3. 4. 5. Contract, Letter of Credit, Purchase order. Inspection/Examination Certificate. White shipping bill for export of duty free goods prepared in triplicate in the standardized format. Green shipping bill for export of goods under claim for duty drawback prepared in quadruplicate. Yellow shipping bill for export of dutiable goods prepared in triplicate. Pink shipping bill for export of duty free goods ex-bond prepared in triplicate. Blue shipping bill for exports under the DEPB scheme prepared in seven copies. Where the goods are to be cleared by the Land Customs, Bill of Export is prepared instead of shipping bill. Bill of Export is also of four types i.e. White, Green, Yellow and Pink for the purpose stated above. Appraised by the Custom Authorities

The formats presented for the Shipping Bill are as under:

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The Customs Appraiser/Examines shipping documents and appraises the value having regard to the following considerations : 1. 2. That the value and the quantity declared in the shipping bill is the same as in the export order/letter of credit. That the formalities regarding exchange control, pre-shipment quality control inspection etc, have been duly completed. After examination of documents and appraisement of value, the custom examiner/Appraiser makes an endorsement on duplicate copy of the physical examination of the shipping bill giving directions to the Dock appraiser about the extent of physical examination of the cargo to be conducted at the docks. All the documents, except GR (Original) Form, the original Shipping Bill and a copy of the Commercial Invoice are returned to the Forwarding Agent to be presented to the Dock Appraiser. After taking delivery of documents from the Export Department, Forwarding Agent presents the Port Trust Documents to the Shed Superintendent of the Port and obtains carting order for bringing the export cargo to the shipment. After bringing the cargo into the shed he presents the following documents to the Dock appraiser for conducting physical examination of the Cargo :

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1. 2. 3. 4. 5. 6. 4.

Duplicate, triplicate and export promotion copies of the Commercial Invoice Packing List AR4 (Original) and Duplicate) and Invoice Inspection Certificate (Original) GR Form (Duplicate)

Shipping Bill

Other Documents Other important documents used in export business are: a. Commercial Invoice It is one of the most important documents issued by the seller in the standardized format. The invoice is usually made out for the full realizable amount of goods as per trade term, the exception being the undrawn balance which is shown as a deduction from the full amount. The invoice should be strictly according to the contract of sale and should be on the paper of the seller and must be signed by him or by the person acting on his behalf. b. Consular Invoice Consular Invoice is a document required mainly by the Latin American countries like, Kenya, Uganda, Tanzania, Mauritius, New Zealand, Burma, Iraq, Australia, Fiji, Cyprus, Nigeria, Ghana, Zanzibar etc. This invoice is most important document which needs to be submitted for certification to the Embassy of the Country concerned. The Exporter has top pay to the Embassy Concerned some fees for the certification for this invoice. C .Customs Invoice Countries like U.S.A., Canada etc. need custom’s invoice. It is generally made out on a a special form presented by the customs

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authorities of the importing countries and help for allowing entry of goods in the importing country at preferential tariff rates. The invoice forms are generally available at the consular office of the importing country and are required to be signed and witnessed after duly filling the same. d. Legalised/Visaed Invoice These are the invoice sworn for their genuineness by the seller as being correct before the appropriate consulate/chamber of commerce/embassy as the case may be and they bear the stamp and authentication of the consulate /chamber of commerce/embassy as being in order. A nominal charge is collected by them from the seller for doing this. These invoices are required by some of the Latin American countries. There is no prescribed form of this invoice. e. Certified Invoice At times exporter is called upon to certify on the invoice that the goods are of particular origin or manufactured/packed at a particular place and in accordance with specific contract. When certificates as such appear on the invoice it is called as a Certified Invoice. f. Bill of Exchange/Draft A bill of exchange also known as draft contains an order from the creditor to the debtor to pay a specified amount to a person mentioned therein. The maker of a bill is called the “Drawer”, the person who is directed to pay is “ Drawee” .The person who is entitled to receive payment is called the “Payee” g. Packing List It is a list showing detail of goods contained in each parcel/shipment. It shows item-by-item the contents of the container or parcels shipped to enable the buyer/receiver of the shipment to check the shipment. Packing List has to be prepared in the aligned document form. h. Certificate of inspection

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Inspection certificate, indicating that goods have been inspected before shipment is needed under some contracts or by some countries. This certificate is generally required to be issued by one of the authorized independent agencies/surveyors in the exporter’s country. The certificate is issued in the aligned document form.

i.

Black list Certificate This is to certify that the ship/aircraft carrying the goods has not

touched a particular country on its journey or that the goods are not of a particular country. This certificate is usually led for where countries have strained political relations with another. j. Weight Note This document is used to confirm that the packets/bales etc. are of a particular weight and not more than the stipulated weight as per contract. It may at times give the gross weight and net weight of the whole consignment. k. Manufacturer’s/Supplier’s quality/Inspection Certificate This is a certificate to the effect that the goods which have been manufactured/Supplied are as per the requirement of the contract of sale. l. Certificate of Origin The EEC member Countries has adopted the Generalized System of Preferences. Under GSP, certain categories of manufactured and semimanufactured goods originating from developing countries including India are entitled for concessional rates of import duties in the member countries, thereby giving benefit to importer’s the GSP Countries. m. Language Certificate Importers in the European Economic Community Countries require a Languages Certificate along with the GSP Certificate in respect

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of handloom cotton fabrics classifiable under NEMEX Code 55.09.The Language Certificate is issued by the Textile Committee against a small fee. n. Manufacturer’s Certificate In addition to the Certificate of Origin, some countries require a manufacturer’s certificate to the effect that goods shipped have actually been manufactured and are available. o. Certificate of chemical analysis To ensure that the quality and grade of items like metallic ores, pigments, etc. is the same as specified in the sale contract, importers may require the exporters to send a certificate of chemical analysis from a recognized analyst. p. Certificate of Shipment Certificate of shipment agent that a certain lot of goods have been shipped. q. Health Certificate When the goods that are exported are foodstuffs, marine products, hide, livestock etc., usually depending upon the goods which are being imported, a certificate from the health/veterinary/sanitary authorities is called for by the overseas buyer or their custom department. This is because the importing country desires to know if the goods are fit for human consumption and are free from any decease which can later on create a problem. r. Certificate of Conditioning Certificate issued by a Competent office in which, on the basis of the ascertained humidity factor, the dry weight of wool or silk is reckoned and certified. s. Antiquity Certificate

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This certificate is issued by the Archaeological Survey of India in the case of antiques. t. Certificate of Measurement Freight can be charged either on the basis of weight or measurement. When it is charged on weight basis, the weight declared by exporter is accepted u. Transshipment Bill This document is used for goods imported into a customs port/airport intended for transshipment. v. Cart/Lorry Ticket This ticket is prepared for admittance of cargo through the port gate. This is also known as ‘Vehicle Ticket or Gate Pass’. This includes the details of export cargo i.e. Shipper’s Name, Cart/Lorry no., mark on packages, quantity and description. w. Short Shipment Form Short Shipment form is an application to the customs authorities at port advising the Short shipment of goods and for claiming the return of the duty and/or cess paid on such short shipping goods. x. Shipping Advice A shipping advice is used to inform the overseas customer about the shipment of goods. The shipping advice is prepared in aligned document. The exporter only advices his importer about the invoice no., bill of lading/airway bill no. and date , name of the vessel with date, the port of export, description of goods and quantity and the date of sailing of the vessels. Company’s Export status

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During the year under review, your Company has achieved total export turnover of Rs. 20465.24 lacs as compared to Rs. 12566.07 lacs last year, registering growth of 63% over last year. Your Company expects Reasonable growth in the overall export sales in the current year. It has been granted One Star Export House status by the Government of India, Office of the Jt. Director General of Foreign Trade. With its improved performance, the Company expects further improvement in this status.

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EXPORTING COUNTRIES:

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DIRECTORS REPORT YEAR END: MAR '08 The Directors are pleased to present the twenty fourth Annual Report together with the audited accounts of the Company for the year ended 31st March, 2008. Financial results (Rs. in lacs) year ended year ended 31.03.2007 31.03.2008 Sales and other income Profit before. depreciation and tax Depreciation and exceptional item Profit before tax Provision for tax Net profit Debenture redemption reserve written back Profit brought forward Profit available for appropriation Which the Directors have appropriated as follows; - Transfer to general reserve - Proposed dividend - Corporate dividend tax Balance carried forward 35213.78 Dividend Your Directors are pleased to recommend a dividend of Rs. 4 (Rupees Four only) per equity share. The outgo on dividend will be Rs. 1304.85 lacs, including tax on dividend. 153867.94 30367.34 6611.18 23756.16 5903.51 17852.65 125.00 23040.98 41018.63 108122.23 10511.46 5286.22 5225.24 1119.93 4105.31 125.00 21789.31 26019.62

4500.00 1115.30 189.55 35213.78

2000.00 836.48 142.16 23040.98

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Performance

Sales and other income for the year have been Rs. 153867.94 lacs, compared to Rs 108122.23 lacs last year, registering a growth of 42%. Profit before depreciation and tax for the year has been Rs. 30367.34 lacs as compared to Rs 10511.46 lacs last year, showing a growth of 189% and net profit after tax for the year has been Rs. 17852.65 lacs. Growth in profit was possible as a result of increased production and productivity volume, higher sales realization, better cost management and operational efficiencies. During the year, your Company produced 122394 MT of MEG compared to 88350 MT last year. Ethoxylates and performance chemicals production have been 32215 MT, compared to 28952 MT last year. Glycols ethers and acetate production has been 40793 MT, compared to 25517 MT last year. The Company has produced 186363 KBL of alcohol at its distilleries at Kashipur and Gorakhpur, which has supplemented ethanol required for production of MEG and has reduced the dependence on purchase of alcohol. The Company has also produced 27529 KBL of potable alcohol.

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The Company has set up a turbo generator of 12 MW capacities. This plant generates power by using high- pressure steam before the same is used at low pressure in the process. This has resulted in substantial power saving. Marketing Sale of MEG has been 121844 MT compared to 96120 MT last year, registered a growth of 27% over the last year. The sale of ethoxylates and performance chemicals has been 31981 MT compared to 30343 MT last year, registered a growth of 5% over the last year. Sale of glycols ethers and acetate have been 41859 MT compared to 24637 MT last year, registering a growth of 70% over the last year. Guar gum During the year, your Company achieved total sales of Rs. 534 lacs of the guar gum products out of which the export turnover was Rs. 525 lacs, compared to total sales of Rs. 1291 lacs out of which the export Turnover was Rs. 1288 lacs last year. The Company is diversifying into the field of guar gum derivatives used for the oil field industry and textile industry. Ethyl alcohol (potable) and extra-natural alcohol During the year, there has been substantial growth in the ethyl alcohol (potable) segment. Your Company registered total sales of Rs. 24617 lacs compared to Rs. 15308 lacs last year. Efforts are being made to Further increase the sales of ethyl alcohol (potable). The segment contributes around 16% in the total revenues of the Company. It has the most modem and the largest captive distillery in Asia. Ennature bio-pharma division (100% export-oriented unit) The Company has set up a 100% export-oriented unit (100% EOU) by the name of Ennature Bio-pharma Division. The Company has taken 47 acres

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land on lease from the Uttarakhand government, where it will grow a wide variety of medicinal plants, etc. It is also setting up a supercritical fluid extraction facility (SCFE) at Dehradun which will be compliant with cGMP. The SCFE at Dehradun will start pilot operation from July 2008 and commercial production from August 2008. This unit will be used for extraction of dietary food supplements, natural colors, health care fruits and vegetables, herbal extracts, fruit flavors and fragrances and spice flavors and extracts. The future thrust is on supplying more refined natural active pharmaceutical ingredients (API) and intermediates to pharmaceutical and natural health product industries. All these are highly value-added products. Since this will be a 100% EOU, this diversification will also provide tax benefit. Industrial gases The Company produced 77246457 NM3 of oxygen and 23226354 NM3 of nitrogen during the year. Both the oxygen and nitrogen were successfully marketed and also used for own requirement. The industrial gases division also produced 1723494 NM3 of argon, which was also marketed at remunerative price. RAB (concentrated sugarcane juice) During the year under review, the RAB (concentrated sugarcane juice) unit was completely operational. The entire production of RAB was consumed captively to supplement the ethanol requirement. Expansion / modernization / diversification plans The Company will further de-bottleneck its MEG capacity by 20%. It will shut down its chemical plant for debottlenecking and change of catalyst. The industrial gases division is diversifying to produce food grade liquid carbon di-oxide (C02) both at the Kashipur and Gorakhpur plants having capacities of 80 MT/day each, to meet the growing domestic market. The

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facilities are expected to be commissioned at the Kashipur plant by the end of May 2008 and at the Gorakhpur plant by the end of June 2008. Your Company is diversifying into the field of guar gum derivative used for the oil field industry and textile industry. It is modifying its existing plant to produce value- added derivatives for the oil field industry, specialty derivatives for the food and paper industry and the textile Industry. The Company is setting up 9-MW turbo generator and slop boiler at the Kashipur Plant for the generation of steam by way of incineration of effluent coming out of the distillery after concentration in evaporator, to optimize the cost of power by replacing essential power of DG set for continuous running of the plant. The power generated through the 9-MW turbo generator will be captively used, which will result in the saving of power cost. The Company is also setting up a 12-MW turbo generator and slop boiler at the Gorakhpur Plant for generation of power through heat energy of distillery effluent incineration in the boiler after concentration. The Company proposes to sell about 7 to 8 MW power generated to the grid. Finance During the year under review, the Company has raised foreign currency loans of US$ 5.83 million and rupee loans of Rs. 47 crore to partly finance the project cost of the ongoing capital expenditure and for Construction of the corporate office. The borrowing cost of funds has increased to over 8.5% as compared to 7.5% last year. The Company has been regular in meeting its obligations towards payment of principal/interest to financial institutions/banks/debenture holders/fixed deposit holders. Listing of securities

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The shares of the Company will continue to be traded at the Bombay Stock Exchange and the National Stock Exchange.

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Subsidiary companies Your Company has also established a subsidiary in Singapore to augment its activities in the South East region and help the marketing of products from the supercritical fluid extraction facility at Dehradun to large buyers in the US and Europe. As required under Section 212 of the Companies Act, 1956, the audited statement of accounts, along with the report of the Board of Directors and the Auditors Report thereon, of the subsidiary company viz. IGL Finance Limited, IGLCHEM International Pte. Ltd. and Shakumbari Sugar and Allied Industries Ltd., for the year ended 31st March, 2008, are annexed. Fixed deposit The amount of fixed deposit held as on 31.st March, 2008 was Rs. 2090.80 lacs. There are no overdue deposits except for unclaimed deposits amounting to Rs. 38.33 lacs. Directors Your Directors at their meeting held on 30th April 2008, expressed their condolence on the sad demise of Shri M.L. Bhartia, the Chairman of the Board of Directors. The late M.L. Bhartia was the founder promoter Director of the Company and the guiding force behind the successful setting up of the state-ofthe-art chemical manufacturing plant at Kashipur in the rich belt of sugarcanegrowing areas of erstwhile Uttar Pradesh. The Board recalled the late M.L. Bhartias outstanding leadership in guiding the Board to steer the Company to its current status as one of the leading chemical manufacturing companies of India. The Board appreciated his strong commitment, deep -dedication and active participation in leading the Company till his last breath. The Board also recalled his visionary leadership, Unstinted efforts and foresight ness in the implementation of the various expansion and diversification plans of the

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Company. It expressed its condolence in silence to commemorate the late Chairman. The Board placed on record its deep appreciation of unstinted efforts of Late M.L. Bhartia in steering the Company to its present position and in providing visionary leadership and directions. Smt. Jayshree Bhartia, Shri Jag Mohan N. Kejriwal and Shri Pradip Kumar Khaitan, Directors of the Company, retire by rotation and being eligible, offer themselves for reappointment. Your Directors recommend the reappointment of the retiring Directors for your approval. The Board of Directors has appointed Shri N. Ramachandran and Shri M.K. Rao as Additional Directors of the Company, who will hold the office till the Annual General Meeting of the Company. The Board has recommended the appointment of Shri N. Ramachandran and Shri M.K. Rao as Directors of the Company, whose period of office will be determined by the retirement of Directors by rotation. Further, Shri M.K. Rao has also been appointed as the Executive Director of the Company w.e.f. 1st May, 2008 for a period not exceeding five years, in accordance with the provisions of the Companies Act, 1956. The appointment of the Executive Director is subject to confirmation at the ensuing Annual General Meeting, which is included as special business item in the Notice for convening the Annual General Meeting. Directors responsibility statement Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors confirm that: In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

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-

Appropriate accounting policies have been selected and applied consistently and judgments and estimates have been made that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Company at the end of the financial year ended 31 st March, 2008, and of the profit and loss of the Company for that period;

-

Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

-

The annual accounts have been prepared on a going concern basis. Management discussion and analysis, a separate report is appended herewith.

Corporate Governance The Board of Directors supports the broad principles of Corporate Governance. The report on Corporate Governance as stipulated in Clause 49, as amended, of the Listing Agreement with the stock exchanges for the year ended 31st March, 2008, and Auditors Certificate on Corporate Governance are appended herewith. Auditors The Auditors, M/s. Lodha & Co., retires at the ensuing Annual General Meeting and offer themselves for reappointment. They have confirmed that they are eligible for reappointment under Section 224(1 B) of the Companies Act, 1956. Environment, energy conservation, technology absorption, etc. Your Company has taken various measures for energy conservation at its chemical plant, such as synchronization of UPCL with captive power grid, resulting in the reduction of high-cost RFO consumption in DG sets. Additionally, a new bagasse-fired boiler has been commissioned in the RAB unit for steam

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generation from bagasse in place of coal, and TG 12-MW steam turbine has been commissioned for reducing RFO consumption in DG sets. Energy conservation measures have also been taken at the distillery plant, such as use of alcohol scrubbers in distillery fermentation and distillation section for increased alcohol recovery and reduction in steam requirement, The Company is also implementing measures for reducing the consumption of energy such as installation of extraction / back pressure steam turbine with capacity of 8.64 MW; MEG return condensate for Rab boiler deaerator - resulting in increased heat recovery from MEG DM water pre-heater; LP steam saving in T-320 by utilization of steam generated from MEG column condenser; OSBL alcohol pre-heating by using heat of recycled water; reducing the RFO consumption in MEG heater by maximizing the bio- gas in heater; use of MP steam instead of HP steam in all the three new evaporator . Trim reboilers of MEG - resulting in increased power generation from extraction/backpressure turbine; and pre- heating of 12-MW turbine condensate with dehydration steam condensate (exchanger is to be replaced with new exchanger), resulting in more energy saving. Your Company has also taken environmental conservation measures by setting up a bio-composting facility to produce natural manure as a substitution to chemical fertilizers. The Company is also working actively to reduce effluent generation at the source by achieving zero discharge through adopting fertiirrigation, bio- composting, reverse osmosis (RO), concentration followed by incineration to conserve the fossil fuel and other effective and competitive techniques. The Company has installed distillery effluent evaporators at Gorakhpur and the concentrated effluent is burnt in specially designed boilers; the calorific value of the concentrated effluent generates super-heated steam which is utilized in the turbo generator with capacity of 12.5 MW for power generation. The Company proposes selling of the surplus 8-MW power generated to the grid. In

Export Documentation in IGL Dehradun

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the same way, your Company has installed distillery evaporator at the Kashipur plant along with boiler and the super-heated steam produced will generate power in a 9- MW back-pressure turbo generator. The power will be utilised for plant operation as essential power, which is being generated by DG set and the back pressure steam will be utilised for plant operation. In accordance with the provisions of Section 217(1 )(e) of the Companies Act, 1956, and the Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988, the required information relating to conservation of energy, technology absorption and foreign exchange earnings and outgo are annexed hereto and form part of this Report.

Export Documentation in IGL Dehradun

- 88 - Graphic Era University,

Human resources Your Directors wish to place on record their deep appreciation to employees at all levels for their all-round efforts, dedication, commitment and loyal services which helped in achieving satisfactory performance during the year. The required information as per Section 217(2A) of the Companies Act, 1956, read with the Companies (Particular of Employees) Rules, 1975, forms part of this report. However, as per the provisions of Section 219(1 )(b) (iv) of the Companies Act, 1956, the report and accounts are being sent to all shareholders of the Company, excluding the statement of particulars of employees under Section 217(2A)of the Act. Any shareholder interested in obtaining a copy of the said statement may write to the Company Secretary at head office of the Company. Social responsibility Good governance demands adherence to social responsibility coupled with value creation in the larger interest of the general public. Your Company, Directors and its dedicated employees continue to contribute towards the society through several worthwhile causes. Your Company aims to enhance the quality of life of the community in general and has a strong sense of social responsibility. The range of our activities begins in and around Kashipur (Uttarakhand) by organizing regular medical camps (three days a week) so that villagers get medical assistance free of cost. The Company actively participates in organizing blood donation camps, plantation of trees for better environment, facilitating in the constructing roads, bridges, drains and installing street lamps and hand pumps for drinking water, benefiting nearby areas. The Company also extends support to the victims of flood during monsoon, distributes blankets to the poor during winter, promotes sports and socio-cultural activities in the state of Uttarakhand, supports the local administration in fighting and managing fire

Export Documentation in IGL Dehradun

- 89 - Graphic Era University,

accidents and other disasters taking place in proximity to the factory and other noble works in the area surrounding the Factory. Your Company is supporting a community school at Dwarka, New Delhi, through a charitable institution called Nirmal Bhartia Society for education promotion, by making grants. The school is now operational and equipped with modern facilities and robust infrastructure. The School possesses a qualified and experienced faculty, which enable children to make a great future. The Company has also sponsored a faculty position in the Herbal Research & Development Institute, centre of aromatic plants at Dehradun to promote herbal development in the state of Uttarakhand. Your Company is extending educational and on-job training to the students of many professional institutions such as The Institute of Company Secretaries of India, The Institute of Chartered Accountant of India and the professionals of many other management and engineering institutions, helping them to make a new beginning to their future professional career. At the end, your Directors constantly strive to serve the society by implementing other policies which benefit people at large. Acknowledgment Your Directors place on record their deep appreciation of the support extended by the Central Government, states of Uttarakhand and Uttar Pradesh, financial institutions and banks and look forward to their continued support.

Export Documentation in IGL Dehradun

- 90 - Graphic Era University,

QUARTERLY OVERVIEW OF THE COMPANY 1.Net Sales Q1 FY2009: At Rs 2,500.6 million from Rs.2, 712.1 million. 2. PAT Q1 FY2009: At Rs. 121.3 million from Rs. 356.3 million 3. EPS Q1 FY2009: At Rs. 4.35 from Rs. 12.78 million India Glycol Limited (IGL), a market leading player in Ethylene Oxide Derivatives (EOD) announced its performance for Q1 FY2009 today. Quarterly review: Net Revenues in Q1 FY2009 stood at Rs. 2,500.6 million from Rs. 2,712.1 million- this is on account of production losses given the planned shut-down at the Kashipur facility undertaken to carry out a change in catalyst and the stabilization subsequently of the facility. This debottlenecking is resulting in a 20% rise in production volumes for the Company. Other Income in the period was at Rs. 77.3 million as against Rs. 190.1 million. The PBIDT For Q1 FY2009 was at Rs. 427.2 million from Rs. 744.0 million last year. The Interest related expanses was at R. 109.6 million from Rs. 119.0 million. Depreciation related expenditure was at Rs.147.6 million from Rs. 141.6 million. Profit Before Tax changed from Rs. 483.4 million to Rs. 170.0 million in Q1 FY2009 –given the lower Production achieved in the quarter. Net Profit was at Rs. 121.3 million from Rs. 356.3 million-translating into EPS of Rs. 4.35 (Rs. 12.78 in Q1 FY2008). Growth Opportunities • Performance in FY2009 will be driven by a combination of factorsprimarily the increase being witnessed in the Chemicals Facility. Post the change of catalyst at the Kashipur plant, the volume increase is expected to stand at 20%

Export Documentation in IGL Dehradun

- 91 - Graphic Era University,

The market for EOD’s continues to show strong traction. The Company is expected to increase the volume and value contribution from these products strongly in the future.

The overall result will be subject to realization trends within MEG. The macro factors in this business appear good-given the strong demand for polster products. Further the prices of molasses are expected to trend upward given the decline in cane acreage overall. In the meantime, the company is strengthening its flexibility in usage of key input –sugarcane, molasses and ethanol. As the largest plater in the molasses/ethanol market the Company has storage capacities to meet internal requirements for 3-4 months.

India Glycols-Outlook • In fiscal year 2009-10 IGL will see noticeable improvements to revenue and earnings performance owing to:  Volume upsides on account of the 20% increase in production achieved due to catalyst change and de-bottlenecking at Chemicals facility at Kashipur.  Strong product line-up in Chemicals-with higher proportion of turnover from value added, performance chemicals.  Augmented distillery capacities that will result in higher level of captive sourcing of ethanol –thereby benefiting already good performance in chemicals. Power generation from distillery effluents will ramp-up and further enhance profitability.  Strong growth prospects are also in the IMFL and Country liquor business, where the Company has plans to improve the distribution of its range to other market nationally.  The new business initiatives taken by the company i.e. Nutraceuticals and the Co2 can also be expected to show better traction in the same period.

Export Documentation in IGL Dehradun

- 92 - Graphic Era University,

Export Documentation in IGL Dehradun

- 93 - Graphic Era University,

INDIA GLYCOLS GETS A PRUDENT PUSH The bulls have been waiting in anticipation for some time for the Sensex to climb over 8000. But the jinx continued as they were thwarted again. The blame was squarely placed on the government’s decision to hike fuel prices. However, the optimists far outnumber the pessimists at the street and are betting for the index to take the final few steps before the week is over. Right chemistry Prudent Fund has taken a liking to the chemicals stock India Glycols, as evidenced by its purchases at the counter. The stock has been on a vertical climb in the past few weeks and has seen a 79 per cent appreciation in the past month alone to Rs 259. Apparently, what has caught the attention of Prudent is the fact that molasses prices has been falling. To make the connection apparent, India Glycols makes mono-ethylene glycol (MEG), for which it uses molasses as raw material. According to pundits, molasses prices have fallen by more than 25 per cent in the last month and a further fall is expected. Also Prudent feels that the stock valuation at 9x is very low, compared with its growth potential. Going soft Those who have been wondering about the reason behind the rise in stock price of Four Soft got their answers. Close on the heels of many domestic and foreign fund purchases at the counter, came news that the company has signed an agreement to acquire the logistics software business of UK-based DCS Transportation for $19 million (over Rs 85 crore) in an all-cash deal. Apparently, this would make Four Soft the world’s largest transportation and logistics software product company. The buying at the counter had taken the stock price from Rs 45 levels a month back to above Rs 100. Phoenix fund was among the many who had

Export Documentation in IGL Dehradun

- 94 - Graphic Era University,

bought the stock in anticipation of the deal. The buyers were quick to book profits too, which led to the stock tumbling down yesterday. However, domestic operators who have been late to wake up, were back at the counter on Tuesday, resulting in a 2.5 per cent rise in stock price. In other news... The Amtek India stock has witnessed a sustained rise over the past few months. The buzz has been that the company could get merged with Amtek Auto. Pundits have been noting that any such merger is sure to enhance the share value of Amtek India. However, some are already in the mood to book profits at the counter. Uncle Sam for example has decided to book profits at the counter at Rs 502 levels. Considering the fact that the stock has gained more than 90 per cent in the past four months, that seems to be a wise decision. India Glycols buys UP sugar firm In a bid to expand backward integration and get a strategic hold on ethanol costs, the Rs 1,400-crore India Glycols Ltd (IGL), a leading petrochemicals and specialty chemical player controlled by the Bhartia group, has acquired a 96.6 per cent stake in UP-based Shakumbari Sugar & Allied Industries Ltd for Rs 47 crore. India Glycols will invest Rs 180 crore in the acquired company to enhance its distillery, power generation and crushing capacities, the company said in a statement on Sunday.Shakumbari Sugar has a crushing capacity of 3,200 tonnes per day (TCD) along with a modern distillery of 40 kilo-litres per day, which will be increased to 7000 TCD and 250 kilo-litres per day, respectively.Shakumbari Sugar has a captive cogeneration power capacity of 8 megawatts, which would be increased to 40-50 MW. The company intends to sell the surplus power after meeting its captive requirements. “This acquisition is a first step towards attaining a complete backward integration for the company. This would greatly strengthen our position to enable us to operate at an optimum capacity required for a robust growth strategy of ours,” the company said in statement. The acquisition would further help in meeting the company’s requirement for the supply of ethanol to oil companies

Export Documentation in IGL Dehradun

- 95 - Graphic Era University,

for blending with crude-based fuels, besides giving a cost advantage for captive consumption, a company official said. India Glycols is engaged in the manufacture of MEG (monoethylene glycol), ethoxylates and performance chemicals, glycol ethers and acetates, ethyl alcohol (potable) and industrial gases.

CONCLUSION
To work in India Glycol Ltd. under Commercial department was a wonderful experience for me as a trainee. That was just like my non salary based job in which I have learnt a lot. I got the exposure of practical work apart from my learning stage. I have found real working environment where the employees give their best in the job. IGL was a first industry in India which produce Ehtlene Oxide and Mono-ethele glycol as a product and was the largest exporter. In the fiscal year 2009-10 there are a lots of growth opportunities for generating revenue like company move towards the 100% export orientated unit in by the name of Ennature bio-pharma divisioin for extraction of dietary food supplement, natural colours healthcare fruits and vegetables, But due to the establishment of plant in Europe with the same key export product in minimum cost than the India Glycol Ltd. it become down into the International Level so govt. should support the company and provide extra facilities to encourage the export. I found in IGL every employee got the best facilities related to education of their wards, sports, medical, transportation and security, these all facilities make employees to be psychologically relaxed towards their family and loyal towards the organization.

Export Documentation in IGL Dehradun

- 96 - Graphic Era University,

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