Chemicals company SRF Ltd on May 11 said it’s going to sell engineering plastics enterprise to DSM for Rs 320 crore as part of a method to consciousness on core operation. The Gurugram-based SRF is a chemical based multi-commercial enterprise entity engaged inside the manufacturing of industrial and specialty intermediates.
The corporation has entered right into a definitive settlement to promote its engineering plastics business to DSM, the life sciences and substances sciences business enterprise, in an all-coins transaction, amounting to Rs 320 crore.
SRF’s engineering plastics business manufactures more than one grades of engineering plastic compounds, catering to the automotive and electric industries.
“Today marks a huge milestone for our organization, as we take any other step alongside our strategic direction of specializing in our core corporations,” stated Ashish Bharat Ram, Managing Director, SRF.
“While the engineering plastics commercial enterprise has been a profitable and area of interest enterprise for us, we felt that scaling it right into a big commercial enterprise might have taken a great time and in that experience passing it onto a credible player might be logical for everyone concerned,” he added.
The transaction might allow SRF to bolster balance sheet and attention its efforts and assets on growing extra-and-more complex technologies inside the chemical compounds commercial enterprise.
SRF, which was an installation in 1970, has an annual turnover of Rs 5, six hundred crores. It has twelve production flowers in India, in Thailand and one in South Africa.
Avenue Supermarts, the operator of D-Mart shops pan-India, saw a pointy jump in its Q4 revenue. However, its margins contracted surprisingly.
While blessings of omnichannel — a mixture of online and offline retailing — could help D-Mart gain market percentage, economies of scale could be a primary margin driving force in the long term. The stock’s valuation remains heady as of now.
D-Mart operates 176 retail stores with an area of 5.Nine million square toes in regions besides eastern and north-Japanese India. Its product portfolio spans meals, grocery, domestic and personal care, bed and bath linen, bags, shoes, clothing, kitchenware, and toys.
Strong topline increase changed into attributable mainly to shop additions, 17.Eight percent same-save income increase and brief ramp-up of recent stores (ones that had been opened much less than three years ago).
Despite operating efficiencies, margins were flat often due to lower average selling prices. The Ghanaian businesswomen do not hastily jump into any business venture. They undertake market surveys to find out the possibility of registering higher revenue from the proposed business venture. They do this to find a sustainable supply of their tradable items, possible target market, and successful distribution vents. In addition, they carefully choose strategic areas to perch their tents, kiosks or stores. They carry a thorough search to find out clients who ply the area, their preferences, and interests in particular items that register quick sales before starting the business venture. Though they don’t have any well-documented business plans, they have their business structured and well planned.
Interestingly, Ghanaian businesswomen have a unique way of attracting customers. They have extraordinary customer relations. They talk gently and very respectfully to their clients, sometimes using flattery speech to lure clients into forging a lasting business relationship with them. Hardly would they vent their anger on clients. This is unusual of typical Ghanaian business women! They hide their personal embattled pain and agony and wear, as it were, their teeth openly to portray friendliness so as to win clients. They are also quick to apologize and amend goods that customers complain as having industrial faults.
Ghanaian business women also demonstrate exceptional purchasing, supplying and marketing skills. When their items arrive, they single-handedly assist the hired laborers in off-loading them from the vehicles. They would have their small mini books for keeping every little detail of the items received as well as those distributed at the supply joint. Their limited mathematics knowledge would not restrain them from keeping clean and comprehensive records of their business transactions. Even before their goods arrive, they would call their customers and inform them, while keeping track of their inventory of items. The daily deposit their sales at the banks so as not to squander their business capital. When they run at losses, they do not lose hope or stop the business. They quickly solicit for business loans with flexible terms of payment to strengthen their businesses and keep it running.