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March 2, 2001 | Feedback |
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Sector Focus : PaintsPaints: State of the industry (2000-01) Paints: Tariffs
PAN: Phthalic anhydride Source: CRIS INFAC
Paints: Budget impact Impact factors
Note: Figures in brackets indicate the closing share prices, on February 27, 2001 and February 28, 2001, respectively. pos= positive neg= negative neut= neutral. Source: CRIS INFAC A: The reduction in the customs duty on inputs, such as PAN and titanium dioxide, is expected to have a positive impact on the operating margins of paint manufacturers. Raw material costs account for approximately 65-70 per cent of the cost of production, and about 30 per cent of the raw materials consumed are imported. However, manufacturers who have a very low level of imports, such as Jenson & Nicholson, are not expected to benefit significantly. B: The reduction of surcharge on corporate tax, from 13 per cent to 2 per cent, and the expected decline in interest rates, is expected to have a positive impact on producers. Rediff-CRISIL Budget Impact Analysis
Disclaimer: CRISIL has taken due care and caution in compiling this report. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CRISIL is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of its web site. |