A STUDY ON FINANCIAL ANALYSIS WITH RESPECT TO

TEXO DYES & CHEMICALS, MUMBAI .

[Submitted in partial fulfilment of requirements for
the degree of Bachelor’s in Business Administration]

by:
Devansh Lapasia
Roll no. 31010720043

Guide: Fayeza Sonkachwala

 Certificate

This is to certify that Mr. DEVANSH LAPASIA has worked and duly
completed his Project Work for the degree of Masters of Commerce in
Accounting and Finance under the Faculty of Commerce and Business Studies
in the subject of ACCOUNTING AND FINANCE and his project is entitled,
“(A STUDY ON FINANCIAL ANALYSIS WITH RESPECT TO TEXO
DYES AND CHEMICALS)” under my supervision.
I further certify that the entire work has been done by the learner under my
guidance and that no part of it has been submitted previously for any Degree or
Diploma of any University. It is his own work and facts reported by his personal
findings and investigations.

SIGNATURE

Email: [email protected]
 Declaration by the learner

I, the undersigned DEVANSH LAPASIA hereby declare that the work

embodied in this project work titled “A STUDY ON FINANCIAL ANALYSIS
WITH RESPECT TO TEXO DYES AND CHEMICALS” forms my own
contribution to the research work carried out under the guidance of FAYEZA
SONKACHWALA MADAM and is a result of my own research work. This
work has not been previously submitted to any other university for any
degree/diploma to this or any other University.
Wherever reference has been made to previous works of others, it has been
clearly indicated as such and included in the bibliography. I, hereby further
declare that all information of this document has been obtained and presented in
accordance with academic rules and ethical conduct.

Name and Signature of the learner -

 To whomsoever, it may
concern

It is our pleasure to inform you that Devansh Lapasia has worked with
us for the tenure of two months. He has worked with us for the
position of Finance Trainee from 13/07/2022 to 29/09/2022.
During the tenure mentioned above, Devansh Lapasia has remained
involved with his duties and responsibilities assigned to him. We
found her competent and active with sincerity and determination. He
is professionally sound and hard-working whose dedication in taking
contribution and initiative for the organization has proven helpful in
the establishment repeatedly.
We respect his decision to terminate with the services with us and
wish him all the best in his future endeavors.
Sincerely,
 Acknowledgment
To enlist who all those who have helped me is difficult because there
numerous of them and the depth is enormous.
I would like to acknowledge the following as being idealistic channels
and fresh dimensions in the completion of this project.
I take this opportunity to thank the Somaiya Vidyavihar University
for giving me chance to do this project.
I would like to thank my director providing the necessary facilities
required for completion of this project.
I would also like to express my sincere gratitude towards my project
guide, Fayeza Sonkachwala whose guidance and care made the
project successful. I would like to thank my College Library, for
having provided various reference books and magazines related to my
project.
Lastly, I would like to thank each and every person who directly or
indirectly helped me in the completion of the project especially my
Parents and Peers who supported me throughout my project.
 INDEX

No. Content
1. INTRODUCTION TO THE COMPANY

2. VISION AND MISSION OF THE COMPANY

3. Values

4. Management Team

5. PRODUCT PORTFOLIO

6. Research and development

7. Sectors of chemical industry

8. Product category breakdown

9. India’s chemical industry

10. Chemical markets in India

11. 6 KEY SEGMENTS OF CHEMICAL MARKET

12. Major sector of Chemical Supply

13. Recent developments

14. Key Trends to Impact the Chemical Enterprise in the Near

Future
15. My internship work at the company

16. My role

17. FINANCE ANALYST OF TEXO DYES & CHEMICALS

18. Stock analyzing

19. Stock of Sun Pharma

20. Stock of Reliance Industry

21. Stock of Adani Wilmar

22. Specimens of bills

23. Conclusion
INTRODUCTION TO THE COMPANY

Texo Dyes & Chemicals was first incorporated on March 1975. It had 2 partners
but now is a sole company. Earlier it was named as JM Chemicals but after
2010 it was re-named as Texo Dyes & chemicals. It is involved in
Manufacturing and Trading of Basic Chemicals.
Texo Dyes & Chemicals is an organization who deals in trading of certain types
of chemicals and has a supply chain all over India. This company supplies
chemicals through-out Maharashtra and in certain parts of Gujarat. Our business
was started in the year 1975 at Bhiwandi (Thane Dist.), ever since this company
has been supplying chemicals.
This company mainly focuses on Textile chemicals or the chemicals which is
used in Food products. The chemicals that the company manufactures and
trades are:
- Sodium Hydrosulphite
- Sodium sulphoxylate
- Phosphoric acid
- Polyacrylamide
And some other chemicals are
- Liquid Cleaning Agents
- Fatty Acid Ethoxtlates
And many more.

The company’s main focus is to sell more and more chemicals and to
earn more and more profit.
 VISION AND MISSION OF THE COMPANY
This company ”TEXO DYES & CHEMICALS” believes in healthy
competition as it provides us opportunity of demonstrating the superiority.
Competition also motivates us to take on the challenge and mould the future of
the business in the right direction. It also ensures Quality, Health, Safety and
Environment during the business. Its main aim is to diversify the Company’s
product and service offering to meet regional and international market demands.
Texo Dyes & Chemicals has been in business for over 15 years, and their
mission statement has evolved with the industry.

VALUES

SUSTAINABILITY

 We operate our business in a sustainable manner, consider the impact of our

activities on our local environment and seek to contribute to community and
society
 We place the highest priority on the Health and Safety of our employees and the
longevity of our operations

INTEGRITY

 We are committed to the highest ethical standards in our dealings with

customers, suppliers and other stakeholders

CUSTOMER FOCUS

 We listen to and understand our customer requirements. Our innovation and

company development is driven by meeting those needs

TEAMWORK

 We believe that teams consistently outperform and provide a working

environment of trust, support and cooperation
 RESPECT

 We treat all employees with respect and work to a comprehensive equal

opportunities policy.

These are the values of our company which is being respected everyday.
 MANAGEMENT TEAM
We consider ourselves fortunate to be backed by a diligent and highly
experienced management. Our promoters are sharp technocrats, holding rich
knowledge of the industry. With the support of management staff, we are
operating on the economies of scale and have become one of the largest firms in
India. Our management team includes educated & skilled personnel who are
committed towards completing the tasks of productivity, cost-efficiency and
delivery in a commendable manner. Every year we invest a huge amount of
money in proper training of the workers.

There are many departments that are being operated, they are
1) GENERAL MANAGEMENT
This department develops and executes overall business strategies. The team
responsible for improving efficiency and increasing departmental profits
while managing the company's overall operations. They oversee several
elements in a business, including hiring staff, operating budgets, and
launching price promotions that could attract more customers.
2) OPERATIONS DEPARTMENT
They oversee operational activities at every level of an organization. Their
duties include hiring and training employees and managing quality
assurance programs. An operations manager also strategizes process
improvements to ensure everyone completes their tasks on schedule.

3) FINANCE DEPARTMENT
This department is responsible for the overall financial health of the
organization. They produce financial reports, direct investment activities,
and develop strategies and plans for the long-term financial goals of their
organization.

4) SALES DEPARTMENT
This department is responsible for the overall sales health of the
organization. Without sales the company doesn’t last. This department
makes a proper sales strategy so the other companies think as the best
prices of the products and ensures to buy the products
5) TRANSPORT MANAGEMENT
Transportation of purchased products is necessary. Therefore this
department handles the transportation of company. This department
ensures that the products reach the warehouses in proper date and proper
time.

6) PURCHASE DEPARTMENT
Identify business requirements for goods, materials, and services. Find
reliable suppliers to meet these requirements. Negotiate prices, build
quality, and delivery terms. Set up the order quantities and making bid
requests on supply contracts.
 PRODUCT PORTFOLIO
SAFOLITE
SAFOLITE is the Sodium salt of Hydroxymethanesulphinic Acid. The key uses
of this product are, as a discharge agent in textile printing, as redox catalyst in
polymerisation process for manufacturing polymer/synthetic rubber such as
ABS, SBR, NBR, and as an antioxidant in drug formulations.

PHOSPHERIC ACID
Phosphoric acid is a colourless, odourless phosphorus-containing solid,
and inorganic compound with the chemical formula H3PO4. It is commonly
encountered as an 85% aqueous solution, which is a colourless, odourless, and
non-volatile syrupy liquid. It is a major industrial chemical, being a component
of many fertilizers.
The compound is an acid. Removal of all three H+ ions gives
the phosphate ion PO3−4. Removal of one or two protons gives dihydrogen
phosphate ion H2PO−4, and the hydrogen phosphate ion HPO2−4, respectively.
Phosphoric acid forms esters, called organophosphates.[15]
The name "orthophosphoric acid" can be used to distinguish this specific acid
from other "phosphoric acids", such as pyrophosphoric acid. Nevertheless, the
term "phosphoric acid" often means this specific compound; and that is the
current IUPAC nomenclature.
GMS POWDER
GMS Powder also known as Glycerol Monostearate is a food additive used as a
thickening, emulsifying, and anti-caking and preservative agent. GMS is used to
add body to dessert like ice-crème and whipped crème. It can also be used as
preservatives or as a protective coating. Composition. GMS is a non-ionic ester
of glycerol and stearic acid. It is soluble in ethanol at 122°F (50°C) but
immiscible with water. It often consists of a mixture of mono, di, and triesters
of fatty acids occurring in food oils and fats.

SODIUM HYDROSULPHITE
Sodium hydrosulfite - sodium hydrogen sulfite (NaHSO3), sometimes
erroneously referred to as sodium hydrosulfite, see Sodium bisulfite.
Sodium dithionite (also known as sodium hydrosulfite) is a
white crystalline powder with a sulfurous odor. Although it is stable in dry air,
it decomposes in hot water and in acid solutions. This chemical is used for
Oxygen scavenger for synthetic rubbers; vat dyeing of fibers and textiles;
stripping agent for dyes; reagent; bleaching of sugar, soap, oils, and
groundwood.
Sodium hydrosulfite/sodium dithionite (Na2S2O4) is also known as hydrose, is a
toxic chemical and has harmful effects on living system especially in
adulterated food.
Other products are
 Acid Thickeners for HCL for toilet Bowl Cleaner
 N P Ethoxylates
 P Ethoxylates
 S P Ethoxylates
 L A Ethoxylates
 C A Ethoxylates
 RESEARCH AND DEVELOPMENT

In order to easily survive and grow in the today's challenging market, we are
supported by our research and development department. The expert of this
department is totally committed dedicated and focused towards developing new
molecules, bringing continuous product development and process improvement
for cost efficiency. Further, our R&D tasks also help us in knowing the market
dynamics and clients’ suggestions.
Under the scheme, the Ministry of Food Processing Industries has been
extending financial assistance to undertake demand driven R&D work for the
benefit food processing industry in terms of product and process development,
efficient technologies, improved packaging, value addition etc. with commercial
value along with standardization of various factors viz. additives, colouring
agents, preservatives, pesticide residues, chemical contaminants,
microbiological contaminants and naturally occurring toxic substances within
permissible limits. Chemists involved in research and development apply their
academic knowledge to real-world problems. They develop products that meet a
specific need, while factoring in business considerations.
Why is chemical research important?
Chemistry is essential for meeting our basic needs of food, clothing, shelter,
health, energy, and clean air, water, and soil. Chemical technologies enrich our
quality of life in numerous ways by providing new solutions to problems in
health, materials, and energy usage.
The in-house Research & Development (R&D) team at DMCC focuses on three
thrust areas –

 Improvement of current manufacturing process

 New product development
 New application for existing products

In today's competitive scenario, DMCC realizes the importance of building our

store of intellectual property and our R & D team is a key player helping us
develop and patent new products. From literature surveys, through laboratory
and pilot trials and all the way to commercial production, the R&D team is
actively involved. At different stages, relevant stakeholders are involved such as

 Customers
 Production personnel
 Marketing personnel
  Projects Teams
 Safety & Environment personnel

According to recent studies Chemical business opportunities are not only

profitable but also have big potential in export. In terms of volume of
production, the Indian chemical industry is the third-largest producer in Asia
and the sixth-largest in the world. The Industry is contributing around 6-7%
of the Indian GDP.

The chemical industry comprises the companies that produce

industrial chemicals. Central to the modern world economy, it converts raw
materials (oil, natural gas, air, water, metals, and minerals) into more than
70,000 different products. The plastics industry contains some overlap, as some
chemical companies produce plastics as well as chemicals.
Various professionals are involved in the chemical industry including chemical
engineers, chemists and lab technicians
Chemical industry is a vast industry that incorporates all different types of
product producing industries whose generation is based on heavy use of
chemicals. Usually, industries that are involved with industrial chemical
generation are broadly known as chemical industry.
 Sectors of Chemical Industry
Fundamentally, the chemicals industry can be divided into two sectors;
commodity/basic chemicals and specialty chemicals. Commodity chemicals are
manufactured by many different companies however the end product is
generally the same with very little variations. There exist other segmentations
for this industry as well. Understand the main sectors of the chemical domain.

Sales of the chemical business can be divided into the following broad
categories/sectors:

 Basic or Commodity Chemicals - Approximately 35 to 37 percent of the dollar

output
 Life Sciences- Approximately 30 percent of the dollar output
 Specialty Chemicals - Approximately 20 to 25 percent of the dollar output
 Consumer Products- Approximately 10 percent of the dollar output

Fundamentally, the chemicals industry can be divided into two sectors;

commodity/basic chemicals and specialty chemicals. Commodity chemicals are
manufactured by many different companies however the end product is
generally the same with very little variations. Specialty chemicals are typically
made to suit the needs of a specific customer and are generally only available
from a few suppliers. These chemicals are often protected by patents.

Basic/Commodity Chemicals:
They are also called basic chemicals, are typically inexpensive and include
polymers, bulk petrochemicals, basic industrial chemicals, inorganic chemicals,
and fertilizers. Polymers make up the largest segment of this sector. Commodity
chemicals are generally made in large volumes.

Specialty Chemicals:

They are also called fine chemicals; include industrial gases, adhesives,
sealants, industrial cleaning chemicals, coatings, and electronic chemicals. A
Specialty Chemical is a chemical produced for specialized use. They are
produced in lower volume than bulk chemicals, of which petrochemicals, made
from oil feedstock, are the most common. However, both are produced in a
chemical plant. Some examples of specialty chemicals are adhesives, additives,
antioxidants, corrosion inhibitors, cutting fluids, dyes, lubricants, pigments, etc.
These chemicals are generally more expensive than commodity chemicals.
Chemicals are made from elements and every element has a unique set of
physical and chemical properties. Specialty chemists understand how to
combine certain elements that result in a chemical with the required properties.

Product category breakdown

Sales of the chemistry business can be divided into a few broad categories,
including basic chemicals (about 35 to 37 % of the dollar output), life sciences
(30 %), specialty chemicals (20 to 25 %) and consumer products (about 10%).

Basic chemicals are a broad chemical category including polymers, bulk

petrochemicals and intermediates, other derivatives and basic industrials,
inorganic chemicals, and fertilizers. Typical growth rates for basic chemicals
are about 0.5 to 0.7 times GDP. Product prices are generally less than fifty cents
per pound. Polymers, the largest revenue segment at about 33 percent of the
basic chemicals dollar value, includes all categories of plastics and man-made
fibers. The major markets for plastics are packaging, followed by home
construction, containers, appliances, pipe, transportation, toys, and games. The
largest-volume polymer product, polyethylene (PE), is used mainly in
packaging films and other markets such as milk bottles, containers, and pipe.

Polyvinyl chloride ,another large-volume product, is principally used to make

pipe for construction markets as well as siding and, to a much smaller extent,
transportation and packaging materials. Polypropylene, similar in volume to
PVC, is used in markets ranging from packaging, appliances, and containers to
clothing and carpeting. Polystyrene, another large-volume plastic, is used
principally for appliances and packaging as well as toys and recreation. The
leading human-made fibers include polyester, nylon, polypropylene, and
acrylics, with applications including apparel, home furnishings, and other
industrial and consumer use. The principal raw materials for polymers are bulk
petrochemicals.

Chemicals in the bulk petrochemicals and intermediates are primarily made

from liquefied petroleum gas , natural gas, and crude oil. Their sales volume is
close to 30 percent of overall basic chemicals. Typical large-volume products
include ethylene, propylene, benzene, toluene, xylenes, methanol, vinyl chloride
monomer , styrene, butadiene, and ethylene oxide. These chemicals are the
starting points for most polymers and other organic chemicals as well as much
of the specialty chemicals category.

Other derivatives and basic industries include synthetic rubber, surfactants, dyes
and pigments, turpentine, resins, carbon black, explosives, and rubber products
and contribute about 20 percent of the basic chemicals external sales. Inorganic
chemicals (about 12% of the revenue output) make up the oldest of the chemical
categories. Products include salt, chlorine, caustic soda, soda ash, acids such as
nitric, phosphoric, and sulfuric, titanium dioxide, and hydrogen peroxide.
Fertilizers are the smallest category (about 6%) and include phosphates,
ammonia, and potash chemicals.

Life sciences (about 30% of the dollar output of the chemistry business) include
differentiated chemical and biological substances, pharmaceuticals, diagnostics,
animal health products, vitamins, and crop protection chemicals. While much
smaller in volume than other chemical sectors, their products tend to have very
high prices—over ten dollars per pound—growth rates of 1.5 to 6 times GDP,
and research and development spending at 15 to 25 percent of sales. Life
science products are usually produced with very high specifications and are
closely scrutinized by government agencies such as the Food and Drug
Administration. Crop protection chemicals, about 10 percent of this category,
include herbicides, insecticides, and fungicides.

Specialty chemicals are a category of relatively high valued, rapidly growing

chemicals with diverse end product markets. Typical growth rates are one to
three times GDP with prices over a dollar per pound. They are generally
characterized by their innovative aspects. Products are sold for what they can do
rather than for what chemicals they contain. Products include electronic
chemicals, industrial gases, adhesives and sealants as well as coatings, industrial
and institutional cleaning chemicals, and catalysts. Coatings make up about 15
percent of specialty chemicals sales, with other products ranging from 10 to 13
percent.

Consumer products include direct product sale of chemicals such as soaps,

detergents, and cosmetics. Typical growth rates are 0.8 to 1.0 times GDP.

Every year, the American Chemistry Council tabulates the U.S. production of
the top 100 basic chemicals. In 2000, the aggregate production of the top 100
chemicals totaled 502 million tons, up from 397 million tons in 1990. Inorganic
chemicals tend to be the largest volume, though much smaller in dollar revenue
terms due to their low prices. The top 11 of the 100 chemicals in 2000 were
sulfuric acid (44 million tons), nitrogen (34), ethylene (28), oxygen (27), lime
(22), ammonia (17), propylene (16), polyethylene (15), chlorine (13),
phosphoric acid (13), and diammonium phosphates (12).
 INDIA’S CHEMICAL INDUSTRY
India’s chemical story is one of outperformance and promise. A consistent value
creator, the chemical industry remains an attractive hub of opportunities, even
in an environment of global uncertainty. Worldwide trends affecting the global
chemical industry could lead to near-term opportunities for chemical companies
in India. How chemical players prioritize and tap this value-creating potential
could shape the future of the industry in India as well as the country’s trade
performance.
India is an attractive hub for chemical companies. The chemical industry is
a global outperformer regarding total returns to shareholders (TRS), and
this has resulted in high expectations for sustained, continual growth. The
macro perspective on India indicates that while the short-term outlook is
challenging, the country’s long-term-growth story remains positive.

Until 2014, TRS growth was primarily underpinned by an increase in top

line. Over the last five years, the triple effect of margin expansion, an
increase in multiples, and continued revenue growth has raised TRS .

Between 2006 and 2019, the compound annual growth rate (CAGR) in
TRS for India’s chemical companies was 15 percent—a figure much higher
than the global chemical-industry return, with a CAGR of 8 percent, and
the overall global equity market, with a CAGR of 6 percent. Even between
2016 and 2019, when India’s economy faced headwinds, the chemical
industry maintained a CAGR of 17 percent.

CHEMICAL MARKETS IN INDIA

▪ Chemicals industry in India covers >80,000 commercial products.
▪ India has one of the largest global chemical markets and is ranked sixth in the
world and fourth in Asia in terms of global sale of chemicals. India accounts for
2.5% of the world’s global chemical sales.
▪ Specialty chemicals constitute for 22% of the total chemicals and
petrochemicals market in India. Demand for specialty chemicals is expected to
register 12% CAGR in 2019-22.
▪ The industry is expected to reach US$ 304 billion by 2025 at a CAGR of
9.3%, driven by rising demand in the end-user segments for specialty chemicals
and petrochemicals segment.
▪ The Indian dyes and pigments market is projected to reach US$ 63 billion by
2022, accounting for about 16% of the global dye production.
▪ The petrochemical demand is expected to record a 7.5% CAGR between 2019
and 2023, with the demand for polymers growing at 8%.
▪ Specialty chemical companies are seeking at import substitutions while
exploring export opportunities to accelerate their business.
▪ Specialty chemicals account for 20% of the global chemicals industry's US$ 4
trillion, with India's market expected to increase at a CAGR of 12% to US$ 64
billion by 2025. This gain would be driven by a healthy demand growth (CAGR
of 10-20%) in the export/end-user industries.
▪ India is the third largest polymer consumer in the world and is expected to
consume 60 million tonnes by 2040.
▪ Chemicals and Chemical Products gross bank credit grew at 7.1% in October
2021.

▪ The agrochemicals market in India is expected to register 8.6% CAGR to

reach US$ 7.4 billion between 2021 and 2026.
The Indian chemicals industry stood at US$ 178 billion in 2019 and is expected
to reach US$ 304 billion by 2025 registering a CAGR of 9.3%. The demand for
chemicals is expected to expand by 9% per annum by 2025. The chemical
industry is expected to contribute US$ 300 billion to India’s GDP by 2025.

An investment of Rs.8 lakh Crore that is US$ 107.38 billion is estimated in the
Indian chemicals and petrochemicals sector by 2025. The specialty chemicals
constitute 22% of the total chemicals and petrochemicals market in India. The
demand for specialty chemicals is expected to rise at a 12% CAGR in 2019-22.

Indian manufacturers have recorded a CAGR of 11% in revenue between FY15

and FY21, increasing India’s share in the global specialty chemicals market to
4% from 3%, according to the Crisil report. A revival in domestic demand and
robust exports will spur a 50% YoY increase in the CAPEX of specialty
chemicals manufacturers in FY22 to Rs. 6,000-6,200 crore that is US$ 815-842
million. Revenue growth is likely to be 19-20% in FY22, up from 9-10% in
FY21, driven by recovery in domestic demand and higher realisations owing to
rising crude oil prices and better exports.
 6 KEY SEGMENTS OF CHEMICAL MARKET
Bulk chemicals

These are chemicals that are made on a very large scale in order to satisfy
global markets – which is why they are sometimes referred to as
commodity chemicals. Organic chemicals are produced by organic
synthesis, which has many different steps and processes involved. Both
inorganic and organic bulk chemicals are manufactured in continuous
process chemicals plants as opposed to batch manufacturing chemical
plants. In the UK specifically, there are 4 main chemical plants that
produced most of the country’s bulk chemicals – near the River Mersey,
on the East coast of Yorkshire, in Grangemouth and in Teesside. The
basic manufacturing goal of bulk chemical plants is to produce bulk
chemicals on a large enough scale that costs are kept as low as possible,
to make the maximum amount of profit. Some notable examples of these
chemicals acetone, acrylic acid, biodiesel, castor oil, glycerine, and white
spirit.

Fine chemicals

Fine chemicals, as opposed to bulk chemicals, can only be manufactured

in small, limited quantities in plants by batch or biotechnological
manufacturing processes. There are, however, many small and
complicated steps in the making of fine chemicals – like chemical
synthesis, biotechnology, extraction, and hydrolysis. These chemicals
were conceived in the 1970s, and have since become an important part of
the chemical industry in the UK. The products, while extremely useful,
usually have to be combined with other chemicals and substances in order
to reach their full potential. Generally, they provide the building blocks
for many different products that no doubt you use every single day. Some
examples of these include pharmaceuticals, biocides, fragrances,
additives, and pigments. Fine chemicals, to sum up, have to be combined
with other substances to create these products. They are much more
expensive to produce than bulk chemicals, due to their complex and
changing the chemistry. Both bulk chemicals and fine chemicals are vital
to the chemical industry, and provide us with everyday items and
products that we don’t necessarily notice, but would definitely miss .

Petrochemicals & polymers

The petrochemical and polymers industry produce materials that are suitable for
use in our daily lives. They are either strong, transparent, adhesive, insulating or
resilient. Or they have more than one of these properties that respond to the
requirements of the end-user.
Petrochemical products include such items as plastics, soaps and detergents,
solvents, drugs, fertilizers, pesticides, explosives, synthetic fibers and rubbers,
paints, epoxy resins, and flooring and insulating materials.

Fertilisers
These provide nutrients for plant growth; are divided into organic/inorganic and
natural/synthetic. Further, these can be broadly classified into phosphate,
potassium and nitrogenous.

Specialty chemicals
These are derivatives of basic chemicals that are manufactured for specific end-
use solutions. The characteristics of these chemicals include high value, high
R&D and low volume.

Agrochemicals
An agrochemical or agrichemical, a contraction of agricultural chemical, is
a chemical product used in agriculture. In most cases, agrichemical refers
to pesticides including insecticides, herbicides, fungicides and nematicides. It
may also include synthetic fertilizers, hormones and other chemical growth
agents, and concentrated stores of raw animal manure. Agrochemicals are
counted among speciality chemicals.
 Major sector of Chemical Supply

 A variety of consumers—such as automakers, manufacturers, and

agricultural companies—depend on the products of chemical companies.
 Approximately 80% of the chemical industry's output is polymer and
plastics.
 Chemical companies keep a close watch on economic trends because
many of their customers are in industries that are sensitive to trends in
consumer demand.
 The chemical industry itself is the largest purchaser of chemical
products.
 Crude oil has a tremendous impact on the chemicals industry because
many plastics and polymers are manufactured from it.
MAJOR AREAS WHERE WE SUPPLY CHEMICALS
 Latur
 Kolhapur
 Pune
 Ichalkaranji
 Surat
 Karnataka
 Gujarat
 And many more

OUR CHEMICALS ARE USED FOR

 Consumer laundry detergents
 Personal Hygiene
 Automotive
 Latex Paint
 Lawn Care products
 For Food products as Jaggery
 RECENT DEVELOPMENTS

Digitization

Advancing technology affects every type of business these days, and the
chemical industry is no exception. There are plenty of digital tools to help
organizations with data collection and analytics. This can help chemical
companies to evaluate their strategies and anticipate any roadblocks in their
processes. In essence, it will help to make businesses more efficient.

Eco-Friendly Practices

The chemical industry interacts with many other sectors, such

as construction and manufacturing. As these verticals respond to demand for
more eco-friendly products and practices, chemical companies have to follow
suit. They must meet the demand for greener solutions and services, which
requires a fair amount of investment and innovation.

New Players

The chemical industry is becoming increasingly globalized, as more and more

Chinese companies enter the fray. While increased competition is good for a
healthy industry, it also complicates things a bit. Chemical companies are more
motivated than ever to innovate and separate themselves from the competition.
This will, of course, require the right talent.

Increased Hiring

As a result of industry growth, there is a higher demand for talented, qualified

candidates within the chemical industry. Additionally, technological
advancements alter the skillset necessary to perform within this market.
Chemical professionals with digital experience or knowledge of environmental
science are especially in-demand.

The competition within the industry reaches hiring practices, as well. Because
the available talent pool is shrinking in relation to demand, it is likely that
candidates will have multiple options and opportunities laid before them.
Key Trends to Impact the Chemical Enterprise in the Near
Future
Challenges
The chemical industry has always been diverse and fragmented. It comprises a
large number of industry groups, such as basic chemicals, resins/synthetic
rubber/fibers, petrochemicals, plastics/polymers, agrichemicals,
pharmaceuticals, biochemicals, paint/coatings/adhesives, cleaning/toiletries,
instrumentation/lab equipment, and many others. Some of the products have
become mature, while others are vibrant with growth potential. Increasing
regulatory requirements, however, cause more scrutiny for new substances, and
their approvals entail more time and money.

As investments, Wall Street expectations of the chemical industry have evolved

since the 1990s. Increasingly, year-after-year growth in revenue/profit is
emphasized. However, the traditional chemical business is more of a cyclical
business and less of a growth business. Many large U.S. corporations have
decreased their emphasis on basic research. Product development is often
incremental, with a shorter-term focus. In this respect, it is helpful that many
innovations take place in academic institutions, start-ups, and small businesses.

Opportunities
According to American Chemistry Council (ACC), several economic growth
drivers in the U.S. remain in place, including strong employment, healthy
household and corporate balance sheets, and solid manufacturing growth. GDP
is expected to grow by 2.8% in 2022 and 2.1% in 2023 after a 5.7% gain last
year. Likewise, U.S. chemical output is robust, with growth across all chemical
enterprises. After a 1.6% gain in 2021, the ACC expects output to grow by 4.1%
in 2022 and expand 2.4% in 2023. Capital spending will jump 12.3% in 2022, to
$34.5 billion, and 5.5% in 2023, to $36.4 billion . In the private sector, venture
capital firms have raised $247B in January – May 2022.

Another source of optimism is that there seems to be strong support for

increased R&D funding. The U.S. National Science Board (NSB) report, Vision
2030, advocates for increased R&D budget, greater collaboration between
academia and industry, and accelerated pace of innovation. Indeed, Congress is
working to reconcile two pieces of legislation: United States Innovation and
Competition Act (USICA), passed by the Senate in June 2021, and America
COMPETES Act, passed by the House in February 2022. If these are passed,
more funding will be available for future research, STEM education, and
sustainability efforts.

Every information related to TEXO DYES & CHEMICALS Pvt Ltd.

has been mentioned in above report. Each and every data has been
analysed by me while I was working within the company.
 My internship work at the company

BRIEF INFORMATON OF FINANCE DEPARTMENT

Department of Finance deals with all matters related to finance in the State
which includes State Budget, Institutional Finance, Pay Revision, Regulations,
Expenditure, Pension. Department of Finance acts as a guide to various
departments in financial matters. It is the part of an organization that is
responsible for acquiring funds for the firm, managing funds within the
organization and planning for the expenditure of funds on various assets. It is
the part of an organization that ensures efficient financial management and
financial control necessary to support all business activities.

It is the unit of a business responsible for obtaining and handling any monies on
behalf of the organization. The department controls the income and expenditure
in addition to ensuring effective business running with minimum disruptions.
Besides the traditional roles of handling the payroll, income and expenses,
finance department responsibilities also include economic analysis to improve
key business strategy

Roles and Responsibilities of a Finance Department

The contributions of finance department to any company and how these

contributions positively affect organisational performance will greatly depend
on factors such as the extent to which the owner/ manager is involved in his
company. The roles and responsibilities of a finance department include:

a. Bookkeeping

This is the most basic function of the finance department. It involves the day-to-
day recording, analysis and interpretation of a company’s financial transactions.
This will include the tracking of all expenses like purchases, payments etc. and
sales of finished products. In some startup companies, this role is often carried
out by a bookkeeper who might be replaced by more specialized payables and
receivables clerks as the company grows or expands its operations.

b. Management of company’s cash flow

It is the duty of the finance department to manage all cash flows into and out of
a company and ensure that there are enough funds available to meet the day-to-
day running of the company. This area also encompasses the credit and
collections policies for the company’s customers, to ensure that vendors and
creditors are paid correctly and on time; and that the company is also paid
correctly and as when due.

c. Budgets and forecasting

In this function, the finance department works with managers to prepare the
company’s budgets and forecasts and also give feedback with regards to the
financial standing of the company. This information can be used to fulfil the
cash needs of each department, plan company’s staffing levels, plan asset
purchase and expansions at minimum cost before they become necessary. The
finance department can also use past records from respective departments to
make better budget and forecast over long-term and short-term time horizons.

d. Advising and sourcing longer-term financing

It is the duty of the finance department to advise companies on the best
financing mix that could yield the company the best profit and also help them
source longer-term financing at the lowest cost such that there is a profit level of
liquidity.
e. Management of Taxes

Running a company involves paying tax, and it is the duty of the finance
department to handle tax issues. This includes creating good corporate
relationships with government by remitting PAYE (Pay As You Earn) to the
relevant authority, and ensuring that implementation of tax matters are done
within the framed policies.

f. Management of Company’s Investments

Apart from analysing and selecting new investments, it is also the duty of the
finance department to manage company’s existing assets. The finance
department should be concerned with current assets apart from fixed assets. The
company’s working capital needs to be managed efficiently in such a way as to
maximize profitability relative to the amount of funds tied up since it has more
implication on the firm liquidity than its fixed asset.

g. Financial Reporting and analysis

Financial reporting and analysis is the function that takes raw accounting entries
and transforms them into meaningful, usable and comparable financial
statements. The finance department contributes to organizational growth by
measuring and reporting on regular bases, key numbers that are vital to the
success of the company. This will likely include a summary of all funding
sources, expenditures and reserves available for future use (excluding those
already committed and budgeted for current period) some non-financial
information. And are usually communicated to managers in a logical and
understandable format.

h. Assist managers in making key strategic decisions

The finance department provides company management with information

necessary to make strategic decisions such as which markets or projects to
pursue, the payback periods for large capital purchases, decision on what should
be given out as dividend out of the company’s earnings and what to plough back
into the business, the best financing mix that could yield the company the nest
profit, decision on how to allocate funds to investment etc., thus, making sure
that money is being used in the best way.

MY ROLE
There were in total of 4 employees in Finance Department of the company
excluding me. From their team I was the only intern and rest all were the
permanent members of the company since past 25 years. The level of
knowledge they carry with them of working all the years in this company in
finance department did teach me many things and made me grow more interest
in any finance.
While being an Intern in the firm, I was allotted in various segment under
Finance Department. I gained numerous knowledge, skills, shortcuts, as well as
NSE/BSE while working with my colleagues. This helped me open my wind
towards Investment, Future securities and importance of financial planning in
order to cut off waste expenses and increase profits. I was allotted many work
such as
1) Handle money flow via cash or cheque
2) Bank’s work
3) Preparing a Bill
4) Packaging (sometimes)
And many more.

FINANCE ANALYST OF TEXO DYES & CHEMICALS

A financial analyst provides informed guidance to companies or individuals on
business investment decisions by analyzing economic trends, current business
news, and the company’s overall business strategy. A financial analyst helps
make business or investment decisions for companies based on their industry
knowledge and assessments of market trends, business news, and the company’s
financial position.

During my internship period, the company posted me to work under financial

department as finance analyst. I was working under a proper analyst who was
expert in his field. Firstly, we used to collect data of purchase, sales, expenses,
other income, additional purchase of assets, liability and other data of business.
And after collecting all the data we analyse the expenses occurred for business
purposes and compare it to the income that business is generating and find out
whether we as a company are in profit or loss. We even try and find solution
where we can avoid expenses or losses to increase more profit percentage. This
report was generated at the end of every month. I have my a few financial
reports myself. This indeed is a tough job but has a good money in this field.

My Interest In Finance As A Study Field Goes Back To My High School When

I Was Keen On Learning Financial Markets. Although When I Went To
College, I Picked Finance As My Major, My Growing Interest In Financial
Planning Was Reawaken After I Started Pursuing BBA. The Search For The
Right Institute For This Internship Experience Involved A Long Process Of
Updating The CV And Sending The Applications. I Was Looking For An
Institute That Was Dedicated To My Area Of Interest. Hence, Getting An
Internship At Texo dyes and chemicals Was A Great Fit. The Internship At
Texo dyes and chemicals Corresponds Both To My Career Interests As Well As
The Content Covered During My
Graduation Studies. I Had A Chance To Work With Wide Range Of Tasks.
Therefore was able to get Fully Acquainted with the Functioning of Chemicals
& Financial Markets. Indeed, The Internship Was A Worthwhile Experience
Which Helped Me Gain Considerable Professional Knowledge.

During My Internship At The Texo Dyes and Chemicals, My Mentor Was Mr

Yatin L. Who Is Senior Relationship Manager In The Company. In The
Beginning Of The Internship I Formulated Several Learning Goals, Which I
Wanted To Achieve:

• To Understand The Functioning And Working Conditions In An Finance

Company

• To Gain Experience In Working In A Chemical Culture And Enhance

My Communication Skills
• To Apply My Skills And Knowledge Gained While Pursuing Graduation

• To See What Skills And Knowledge I Still Need To Improve In Future.

The Reporting Timing On Day 1 Was 2 Pm. We Were Accommodated In A

Small Auditorium Which Was In Front Of Reception Desk. When I Entered, I
Saw Around 40 More People Like Me Who Were There For The Same
Internship Program. At First We Had To Go To The Office On Alternate Days
Only & Office Was Closed On National Holidays & Weekends. I Was Greeted
By Sir Who Introduced Me To Other Interns .My First Task Was To Send A
One Liner News Daily In The WhatsApp Group. Other Assigned Tasks
Included Content Writing, Individual As Well As Group Presentations. Groups
Were Made To Make Us Understand That We’ll Have To Work With All Kind
Of People In Corporate Culture, Whether We Like It Or Not.
We Were Made To Open Accounts On Our Own Which Helped Us To Know
How Documentation Works.
Many Of Us Were Given Chance To Get Interviewed For Paid Internship As
Well As Full Time Employment.

At Last We’re Assigned With Sales Activity Of Mutual Funds, Demat Accounts
& Insurance.

WHAT IS A DEMAT ACCOUNT ?

A D mat account holds all your securities, just like your bank account holds
your money. The securities are held in electronic or dematerialized form.
Among the financial instruments that your d mat account can hold are
government securities, shares, mutual funds and exchange traded funds (ETFs).
It is no longer possible for you to trade in the stock market unless you have such
an account.

HOW TO OPEN A DEMAT ACCOUNT?

You have to do the following:

Choose a depository participant, such as INVENTURE GROWTH &

SECURITIES LTD (IGSL).

Fill up the relevant form INVENTURE GROWTH & SECURITIES LTD

(IGSL) provides you with and also submit copies of required documents (proof
of address and identity), along with a passport-sized photograph. You should
also have a PAN card and the original documents for verification.

We will verify the details you provide in the form through an in-person
verification process.

After processing your application, we will provide you with a client id. or
account number, which you can use to access your account.

You could also open an account online from anywhere, at your convenience,
and don't have to send any physical documents. Just submit scanned document
copies along with the filled-in form for account opening. We will do the in-
person verification via internet, through video chat.

Alternatively, the electronic Know Your Customer (eKYC) process can be

completed online using your Aadhar number. You provide us with your PAN
and Aadhar information and the details provided for your Aadhar are linked to
your demat account for eKYC.

The mobile phone number and email address you have registered with Aadhaar
can be used for authentication of the process through a one-time password. You
also have to provide bank account details. In case you don't have a mobile
number or email address linked with your Aadhaar, you have to visit one of
INVENTURE GROWTH & SECURITIES LTD (IGSL)'s branches for finger-
print verifications.
 ANALYSING THREE STOCKS

While working in Texo dyes and chemicals other than the operations and intern
roles mentioned above we also had to analyse 3 stocks for the span of 2 months.
One reason of this was to re-invest the profits to make more money and second
the most important was to learn how stock market works and know about its
volatility. Texo Dyes and Chemicals books its profits majorly from chemical
and dye trades but also believes in re-investment of money to keep it rolling in
the market to make some more possible profits out of it.
And hence we had to compulsorily analyse and invest in 3 stocks of our
choices.
I wanted to select stocks as such that the invested money was at low risk and
also something related to the company’s business.
The first stock I selected was something related to company’s interest and also I
had been looking this share even before joining here as an intern, so to play safe
I selected Sun Pharma.
Sun Pharma: Sun Pharmaceutical Industries Limited is an Indian multinational
pharmaceutical company headquartered in Mumbai, Maharashtra, that
manufactures and sells pharmaceutical formulations and active pharmaceutical
ingredients in more than 100 countries across the globe.
It is listed on : BSE Ltd. , National Stock Exchange of India Ltd. , Uttar Pradesh
Exchange Assoc Ltd. , Delhi Stock Exchange Assoc. Ltd. , Calcutta Stock
Exchange Association Ltd. , Jaipur Stock Exchange Ltd , Bangalore Stock
Exchange Ltd. , Cochin Stock Exchange Ltd. , Hyderabad Stock Exchange Ltd ,
Madras Stock Exchange Ltd., , Over The Counter Exchange Of India Ltd. ,
MCX Stock Exchange.

1983 - The Company was incorporated as a partnership firm by Dilip Sanghvi

& his family to manufacture pharmaceutical formulation at Vapi,
Gujarat. It was converted into a public Ltd. Company effective 1st
March. The was promoted by Dilip Sanghvi. The Company specialises
in selected therapeutic segment to psychiatry, cardiology, neurology
and gastroenterology.

The table below shows the fluctuations in share prices of Sun Pharma in 2
months.
2)Reliance Industries :
India's largest private sector
company, Reliance Industries has
evolved from being a textiles and
polyester company to an
integrated player across energy
petrochemicals, textiles, natural
resources, retails and
telecommunications and operates
world-class manufacturing
facilities across the country.
Reliance's products and services
portfolio touches almost all needs of people on a daily basis, across economic
and social spectrums.
Reliance Industries Limited is headquartered in Mumbai and is growing under
the leadership of Mukesh Ambani, the son of late Dhirubhai Ambani and elder
brother of Anil Ambani after the division of the family business among the two
brothers.
Reliance Group is a conglomerate holding company in India that has a wide
portfolio of business and is the highest taxpayer in the Indian Private Sector. It
accounts for over 5% of the Indian Government's revenues and almost 8% of
the total merchandise exports from India. RIL was the first Indian company to
breach $100 billion market capitalization in 2007 and 2019 it has become the
first Indian firm to cross Rs 9 lakh crore market valuation marks. The company
has ranked 106th on the Fortune Global 500 list of the world's biggest
corporations as of 2019.
The followings are the details of when the share got listed and below table shows the
current prices of Reliance Industries.

IPO Date Jan 15, 2008 to Jan 18, 2008

Listing Date Monday, February 11, 2008

Face Value ₹10 per share

Price ₹405 to ₹450 per share

Lot Size 15 Shares

3)Adani Wilmar:
Third stock I chose is a FMCG stock , it is again a safe play because we know
the worth of Adani group is increasing over the years and now the group stands
at a very good and reputed level.
Last 3 Months: Adani Wilmar Ltd. share price moved up by 2.06%.

Market Capitalization of Adani Wilmar Ltd. stock is Rs 87,390.39 Cr.

52 Week high of Adani Wilmar Ltd. share is Rs 878.00 while 52 week low is Rs
227.00

Who are the peers for Adani Wilmar Ltd. in General sector?

Top 10 Peers for Adani Wilmar Ltd. are Vedant Fashions Ltd., Motherson Sumi
Wiring India Ltd., Delhivery Ltd., Metro Brands Ltd., Piramal Pharma Ltd.,
Campus Activewear Ltd., Nuvoco Vistas Corporation Ltd., Aether Industries
Ltd., Laxmi Organic Industries Ltd. and Tamilnad Mercantile Bank Ltd.
Sep 26, 2022 812.80 819.20 731.00 755.50 755.50 25,658,955
Sep 19, 2022 726.70 841.70 712.20 809.95 809.95 45,276,047

Sep 12, 2022 712.10 744.00 702.35 721.95 721.95 19,397,898

Sep 05, 2022 680.20 715.00 665.00 703.60 703.60 12,339,048

Aug 29, 2022 655.00 702.00 655.00 676.40 676.40 8,655,545

Aug 22, 2022 733.80 740.00 663.95 682.65 682.65 19,945,566

Aug 15, 2022 660.90 761.60 660.90 733.80 733.80 25,420,673

Aug 08, 2022 669.00 680.00 652.00 660.90 660.90 3,487,382

Aug 01, 2022 660.00 724.00 655.00 674.50 674.50 11,193,189

Jul 25, 2022 611.00 665.00 600.00 658.80 658.80 7,265,260

Jul 18, 2022 629.00 635.50 595.20 611.55 611.55 3,553,993

Jul 11, 2022 584.00 667.00 580.00 623.70 623.70 7,664,222

The above table shows the weekly analysis of share price of Adani Wilmar
share from July 11th to September 26th .
 MY WORK

These are some of the bills I made during my internship period in Texo
Dyes and Chemicals
 Conclusion
In a nutshell, this internship has been an excellent and rewarding experience. I
can conclude that there have been a lot I’ve learnt from my work at Texo
Dyes and Chemicals. Needless to say, the technical aspects of the work I’ve
done are not flawless and could be improved provided enough time. As
someone with no prior experience. I believe my time spent in research and
discovering it was well worth it and contributed to finding an acceptable
solution to build a fully financial service. Two main things that I’ve learned
the importance of our time-management skills and self-motivation .