Notice Statutory Reports Company Overview Financial Statements 21 Rudolf Atul Chemicals Ltd | Annual Report 2018-19 RACL aims to become a leading supplier in the Textile industry and is expanding its product range to cover almost all fibers and quality specifications. The Company will focus on sustainability by offering eco-friendly chemicals and introducing water saving concepts to fulfil stringent regulations and environmental initiatives. A major thrust will be given to provide a complete package for yarn, knits and terry towel processing. The Company will also focus on promotion of perfluorocarbons free chemicals, silicone softeners and products based on renewable resources to meet the increasing demand from brands to comply with zero discharge of hazardous chemicals. At the same time, the Digital and Reactive Printing industry is also growing as per fashion trend, which the Company will cater by offering complete printing package. Fluctuations in foreign exchange and volatility in prices of certain raw materials like Silicones, DASDA, Acrylates, etc may impact sales margins. Internal control systems Internal control systems of the Company are commensurate with the nature of its business and the size and complexity of its operations. These are routinely tested, certified and upgraded whenever required by the Statutory as well as the Internal Auditors covering all key areas of business. Significant audit observations and follow up actions and recommendations thereon are reported to the Senior Management and the Audit Committee for their review. Human Resources The Company continued its drive to institutionalise and upgrade its HR processes, to help build a more robust workforce capable of managing dynamic and growing business needs. The process of identification and review of key initiatives has become stronger and is continuously upgraded. The requisite training was imparted during 2018-19. Employee relations remained cordial.
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