Established in **1983**, ABM International Limited is a **Government Recognised Golden Export House** headquartered in **New Delhi**. The company serves as a vital supply chain intermediary, specializing in the import and distribution of industrial plastic raw materials. By sourcing high-quality polymers from global markets, ABM International bridges the persistent **demand-supply gap** in India’s domestic manufacturing sector, where indigenous production often falls short of industrial requirements. --- ### **Core Trading Operations and Product Portfolio** The company’s business model is centered on the strategic procurement and distribution of commodities essential to the Indian infrastructure and manufacturing sectors. * **Primary Product Focus:** The cornerstone of operations is **PVC Resin**. This material is imported on a regular basis to supply manufacturers of **PVC Pipes** and **PVC profiles**, which are critical components of India’s construction and irrigation industries. * **Diversified Commodity Trading:** Beyond PVC, the company has historically traded in: * **DOP (Dioctyl Phthalate)**: A plasticizer used in various industrial applications. * **Urea**: Serving agricultural and industrial needs. * **Finished Leather**: Catering to the export and domestic apparel/footwear markets. * **Global Sourcing Network:** ABM International maintains a robust international procurement network, sourcing materials from **S. Korea**, **Taiwan**, **Europe**, and the **U.S.A.** * **Strategic Positioning:** The company operates as a "Golden Export House," a status that facilitates smoother international trade operations and reinforces its standing as a reliable partner for global suppliers. --- ### **Financial Performance and Capital Structure** ABM International has navigated a challenging fiscal environment characterized by revenue contraction, though recent data indicates a significant improvement in loss management. #### **Comparative Financial Summary** | Metric (₹ in Lakhs) | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :---: | :---: | :---: | | **Revenue from Operations** | **8,019.32** | **9,364.37** | **8,537.33** | | **Profit/(Loss) Before Tax** | **(185.94)** | **(459.32)** | **(877.24)** | | **Profit/(Loss) After Tax** | **(135.61)** | **(342.95)** | **(668.56)** | | **Earnings Per Share (EPS)** | **(1.40)** | **(3.65)** | **(7.11)** | #### **Key Financial Observations** * **Revenue Trends:** Turnover decreased by **14.36%** in the most recent fiscal year, falling from **₹93.64 Crore** to **₹80.19 Crore**. * **Loss Mitigation:** Despite the revenue drop, the company successfully reduced its net loss by **60.64%** (approximately **₹2.08 Crore**) year-on-year through improved operational efficiencies and cost management. * **Capital Reduction & Equity:** Following an **NCLT-approved** petition dated **July 6, 2021**, the paid-up equity share capital was reduced from **₹11.76 Crore** to **₹9.408 Crore**. The current capital consists of **94,08,000** equity shares with a par value of **₹10/-** each. * **Dividend Policy:** Due to persistent losses, the Board has **not recommended a dividend** for **FY 2024-25**. --- ### **Shareholding and Corporate Investments** The company maintains a concentrated shareholding structure and has recently streamlined its investment portfolio to focus on core liquidity. * **Shareholding Pattern (as of March 31, 2025):** * **Promoter Group:** **74.69%** (**70,27,392 shares**) * **Public Holding:** **25.31%** (**23,80,608 shares**) * **Strategic Investments:** The company holds a **49.64%** equity stake in an associate company, **Prisha Promoters Private Limited**. * **Divestment Activity:** In **2022-23**, the company exited its **17.24%** partnership interest in **Divisha Projects LLP**. This divestment was a strategic move to raise funds and offset operational losses. * **Subsidiaries:** The company currently operates with **no subsidiaries** or joint ventures. --- ### **Governance Framework and Leadership Continuity** ABM International is undergoing a transition to strengthen its board oversight and ensure management stability in accordance with **SEBI (LODR) Regulations, 2015**. #### **Executive and Board Appointments** | Role | Appointee | Tenure | Effective Date | | :--- | :--- | :--- | :--- | | **Executive Chairman** | **Mr. Rajneesh Gandhi** | - | **September 6, 2025** | | **Managing Director** | **Mr. Rajneesh Gandhi** | **3 Years** | **December 9, 2025** | | **Whole-Time Director** | **Mrs. Sangeeta Gandhi** | **3 Years** | **October 1, 2024** | | **Independent Director** | **Mr. Harvinder Singh** | **5 Years** | **September 1, 2024** | | **Independent Director** | **Mr. Karan Malik** | **5 Years** | **September 1, 2024** | | **Non-Executive Director**| **Mr. Suresh Singh Rana** | - | **September 26, 2024** | * **Strategic Leadership:** The re-appointment of **Mr. Rajneesh Gandhi** and **Mrs. Sangeeta Gandhi** ensures continuity in executive decision-making. * **Board Refreshment:** The appointment of new Independent Directors aims to enhance transparency and provide objective oversight of the company’s risk management and financial reporting. * **Operational Relocation:** In **July 2024**, the company shifted its registered office to **37, DLF Industrial Area, Kirti Nagar, New Delhi**, centralizing its administrative functions. --- ### **Risk Landscape and Mitigation Strategies** The company’s performance is highly sensitive to global macroeconomic shifts and the volatile nature of the petrochemical industry. #### **Primary Risk Factors** * **Commodity Price Volatility:** Fluctuations in **crude oil prices** directly impact the cost of **PVC resin**. Significant price drops in the global market can lead to inventory devaluations and squeezed margins. * **Regulatory and Competitive Pressure:** The removal of **anti-dumping duties** on **Chinese imports** in **February 2022** has intensified competition. Furthermore, the government’s policy allowing plastic raw materials to be **freely importable** invites stiff competition from other domestic and international traders. * **Currency Risk:** As an import-heavy business, an **erratic foreign exchange scenario** poses a constant threat to profitability. * **Logistics and Operational Costs:** Rising freight and logistics expenses impact the landed cost of imported goods. #### **Management Response and Internal Controls** * **Market Intelligence:** Management utilizes daily data subscriptions and consults with **foreign exchange experts** and **polymer industry analysts** to track price trends and hedge currency exposure. * **Cost Optimization:** The company has launched initiatives to reduce **finance and operating costs** to protect the bottom line during periods of low revenue. * **Internal Audit:** An **Internal Control System** is in place, overseen by the **Audit Committee**, to ensure that all assets are safeguarded and transactions are authorized and recorded correctly. * **Strategic Focus:** By focusing on the **demand-supply gap** in the Indian market, the company aims to maintain high inventory turnover despite competitive pressures.