CONTENTS

INTRODUCTION OF B. L AGRO
1. Company Profile
2. Vision and Mission
3. Management
4. Products and Services

INTRODUCTION OF INDIAN WOOD PRODUCTS

1. Company Profile
2. Vision and Mission
3. Management
4. Products and services

OBJECTIVE OF STUDY
RESEARCH METHODOLOGY
FINANCIAL STATEMENT ANALYSIS
1. B.L AGRO
2. Indian wood products
BALANCE SHEETS OF BOTH COMPANIES
FINDINGS
CONCLUSION

INTRODUCTION OF THE B.L AGRO OILS LIMITED

With a history that goes back to 50 years, B.L. Agro Oils Ltd. is a company with a simple
corporate objective - to manufacture, package and market the purest possible edible oil that
would offer healthier and tastier solution to millions of consumers. Currently, B.L. Agro is in
the business of Refining, Quality Control, Packaging and Marketing of branded mustard and
other edible oils.
.
QUALITY POLICY
B.L. Agro Oils Ltd. is committed to total customer satisfaction, and compliance with regulatory
bodies at all times and at maximum effectiveness.
We aim to Consistently enhance our understanding of market dynamics and changing customer
needs so as to offer finest quality products that at all times meet our customers' expectations and
the ever changing demands of the market place. Provide a high level of service to our customers
with minimum cause for complaint.
Maintain a healthy & constructive work environment that enables personnel to produce
Optimal output. Continually comply with the requirements of ISO 9001:2000, ISO 14002:2004,
HACCP and other government regulations and continuously improve the effectiveness of our
Quality Management System.

VISION
To be a way of life for every Indian.
MISSION
To be the benchmark in purity and perfection. To achieve a leadership position in the Indian
market and to become the preferred Indian edible oil name globally

MANAGEMENT
The foundations of B.L. Agro were laid half a century ago by its Managing Director,
Shri Ghanshyam Khandelwal - a veteran of the Indian mustard industry. Since then the
management of B.L. Agro has gained an unmatched, in-depth insight of the industry and the
continuously evolving customer needs. The leadership at B.L. Agro has a vision for the future
and their acumen in adapting to the changing times has translated into consistent growth by the
company.
However, the most important attribute of the B.L. Agro leadership is the un-fallible commitment
towards quality, towards customers and towards community at large.
At B.L. Agro 'No Compromise with Quality' is a guiding philosophy. And the management
takes it as their responsibility to not just ensure the highest quality standards of company's
products but also to instill this 'quality attitude' in every member of the B.L. Agro organization.
Another distinctive characteristic of the B.L. Agro management team is their strong belief that
Success and growth do not mean much unless accompanied by trust and respect from the
community. And over the years this belief has ensured that as a corporate citizen, B.L. Agro
Oils Ltd. earns an image of one of the most respected and revered organization in its region of
activity.

Managing Director
A true entrepreneur, Ghanshyam Khandelwal stepped into the mustard oil trading business in
the 1950s when he was still at a very young age. Beginning from Bareilly, he single-handedly
expanded operations and soon transformed Bail Kolhu into one of the most preferred mustard
oil brand in the entire belt of Eastern UP.
A man of foresight and vision Ghanshyam Khandelwal has been the guiding force behind
consistent growth of B.L. Agro Oils Ltd. With an eye on the future, he has, over the years,
displayed a tremendous prowess for anticipating the changing consumer needs and has
repeatedly led the organization to be a winner in a dynamic industry scenario. The mantras of
his success include his unflinching commitment towards quality and his passion for perfection.
An un-doubted achiever, he is a man of undaunted determination and courage along with
exemplary business acumen.
What distinguish Ghanshyam Khandelwal are his philosophies that originate from his
commitment towards the community. A man of values, he strongly believes in business ethics
and corporate social responsibilities.

SUCCESS STRATEGIES
Having started as a mustard trading house in 1958, B.L. Agro has come a long way today.
During the course of its journey, 1999 proved to be a landmark year which transformed the
business house from a commodity trading organization to an FMCG company. The year
witnessed the birth of B.L. Agro Oils as a registered company and also marked its advent into
quality control, packaging and marketing of consumer packs of their flagship brand - Bail
Kolhu Kachchi Ghani Mustard Oil. Achieving an astonishing turnover of Rs. 60 crores in the
first year itself, the company has not looked back since.
Expansion and up-gradation has been a continuous process for B.L. Agro. The marketers of a
single mustard oil brand subsequently started rolling out multiple varieties of mustard oil - thus
catering to a much wider consumer base. As the product range swelled, the competencies,
capabilities and capacities were continuously enhanced to meet the growing challenges.
However even with its ever-expanding size, B.L. Agro never lost sight of its ultimate goal that
of providing only the highest product quality - and hence set up its own advanced quality
control systems and packaging facilities.
Later, the company took another stride when being a player in the lone mustard oil segment,
B.L. Agro diversified into Refined Soybean oil and then further to various blended edible oils.
In 2006, B.L. Agro achieved yet another milestone when it established its own state-of-the-art
Refinery.

What Drives Success

The Market and Consumer Insights possessed by B.L. Agro leadership is unparalleled. B.L.
Agro understands that eating habits of consumers are very individualistic and vary from house
to house. And in order to make a long term relationship with the collective base, the company
needs to pack Real Customer Delight in each pack that it offers.
Moreover what has brought laurels to B.L. Agro and awarded it a leadership position is the
company's ability to anticipate and adopt to Market Demand Shifts resulting from either
consumer Living Pattern Shifts or any other reason. At B.L. Agro, change has been one of the
most consistent processes. Be it technological capabilities, be it the strength of human minds or
be it the collective efficiencies, B.L. Agro has always anticipated the changing environment and
empowered itself for the same.
The most important success driver at B.L. Agro is its ability to offer Consistency of Highest
Quality Standards. Pack by pack, batch by batch, consignment by consignment, the products of
B.L. Agro carry exactly the same quality and purity standards for which they have gained
widespread respect.

SWOT ANALYSIS

STRENGTHS

Industry leader in oil manufacturing

Superior product quality
A bunch of qualified professionals
Superior understanding of the market
OPPURTUNITIES

Providing nation wide distributorship

C $ F And distributors

WEAKNESSES

Customers are less aware about new product

Sales being fallen in ghee sector

THREATS
High competition from other companies

Potential Market Dynamics

Overview of Edible Oil Industry
In India the popular cooking mediums include Mustard Oil, Groundnut Oil, Sunflower Oil,
Coconut Oil, Soyabean Oil and Palm Oil.
Mustard, Soyabean and Palm Oil (mainly imported) account for over 75% of total edible oil
consumption.
Only around 16% of the households in India consume branded edible oils.
Among branded oils, refined oils account for 60% of consumption and crude oils
(only filtered) account for the balance.
Branded edible oils have penetrated 31% of households in urban areas and only 9% in rural
areas.
The edible oil sector in India is largely unorganized with only a few organized players.
Edible oil is sold in the country either in consumer packs (less than 5 lt pack sizes), bulk packs
(15 kg/ lt) or as loose oil in tankers or barrels.
Macroeconomic situation Industry growth rates
Indian edible oil economy is world's fourth largest after USA, China and Brazil (India
accounts for 7% of world oilseeds & oil meal production and 10% of world consumption of
edible oil).
2nd largest import bill item for India - favorable government policies for domestic industry by
way of high import duties on imported edible oils.
Increasing health consciousness, preference for packaged products (hygiene factors and
avoidance of any adulteration) and low-saturated fat cooking mediums.

Growth Opportunities
Emergence of branded edible oil as a high growth segment in Indian FMCG industry. With a
huge proportion of total Indian households still not using branded oils but displaying continuous
shift in their using pattern - from loose unbranded oils to packed branded oils, the category of
branded edible oils has emerged as a high growth segment in the Indian FMCG industry.
With an excellent record of adapting to the dynamic trends, B.L. Agro Oils Ltd. is well
positioned and preparing itself to play an important role in facilitating this transition in
consumer behavior.

Future Strategy & Growth Plans

Expansion in geographic reach and newer markets - The company has already extended its
distribution network covering almost entire North India and is now poised to further expand in
newer markets.
To meet the challenges of growing demands, B.L. Agro is preparing for capacity enhancement
and expansion of manufacturing capabilities.
The company has an ambitious plan for setting up an Integrated Oil Complex for which it has
already identified the locations. With comprehensive facilities available within this complex,
the company will be able to provide integrated solutions and enhance its competitive pricing

power.
In addition to the existing facilities, the proposed complex will include Solvent Extraction
Plant, Rice Bran & Sunflower Refinery and Mustard Crushing Facilities.
To make its procurement processes smooth and cost effective B.L. Agro oils is also
contemplating setting up of Rack Facilities connecting its Oil Complex to various Port.
With the addition of Mustard Crushing Facilities, the company plans to consolidate as well
as increase its market share in the mustard segment.
Increase in brand power B.L. Agro Oils Ltd. has planned widespread promotional and
consumer connect campaigns to achieve an increase in its brand power.
The company is working to expand its product and brand portfolio through extension of the
existing lines as well as through diversification into other edible food items.
Through ensuring a substantial market share in the mustard oil as well as other segments, B.L.
Agro aims to obtain better pricing power.

Corporate Social Responsibility

As socially responsible citizens, the promoters of B.L. Agro are committed to contribute their
bit in the nation building process and work towards the betterment of the society.
The Khandelwal family actively participate in and support various community service programs
like Blood Donation camps, Plantation Drives, Service for
Physically Disabled etc.
As an environment sensitive industrial house, B.L. Agro takes various voluntary measures in
addition to the mandatory steps to ensure environment conservation.
These include
Effluent Treatment Plant for Water Pollution Control as well as Water Conservation.
Installation of advanced equipments for Air Pollution Control.
Use of only Agriculture Bio-Mass for steam generation; and many more such measures.

PRODUCTS OF B.L AGRO

BAIL KOLHU
Bail Kolhu Kachchi Ghani Mustard Oil is the flagship brand of the company. This is a Grade A
Mustard Oil and due to its unique taste and ideal pungency, it enjoys a tremendous consumer
preference throughout the states of UP, Uttaranchal and Delhi.
Bail Kolhu is a clear market leader in most of its distribution territories and commands almost
monopolistic leadership position in many of the markets. Bail Kolhu also enjoys a very high
level of brand recall and brand loyalty amongst a vast consumer base.

MOHAN DHARA

Mohan Dhara
Mohan Dhara is a well-accepted brand in the Refined Soyabean Oil segment.
BALANCE LITE

Balance Lite
this is a fast growing brand that has facilitated the advent of B.L. Agro in the Refined Vegetable
Oil segment.

AVIRAL DHARA

Aviral Dhara is a multi-product brand of Mustard Oil, Palmolein Oil, and Vegetable Oils.
Having gained instant acceptance in the market, the brand is on a steady growth chart.

NOURISH DELITE

Nourish Delite is a Dream Project of B.L. Agro management that promises to enhance the
image as well as scale of company's operations.
First product to be offered under this brand will be Premium Soyabean oil followed by Premium
Mustard Oil. The line will be further expanded to multiple food products that will even extend
beyond edible oils and include products like Atta, Besan, Pulses on one hand and Packaged
Drinking Water on the other. At B.L. Agro, the vision is to make Nourish Delite India's biggest
and most trusted Food Brand and the company is planning and preparing to make this dream a
reality.

INTRODUCTION OF INDIAN WOOD PRODUCTS

The Indian Wood Products Co. Ltd. was promoted by Mr. H.N.Gladstone, Mr. Bateson, Mr.
E.H. Bbray of London and others in the year 1919. The Company was limited by shares under
the Company's Act, 1913 with the sole object to manufacture Katha and Cutch at Izaatnagar,
Bareilly (UP) India. The manufacturing activities started in 1920 and the Board of Directors
Appointed M/s. Gillianders Arbuthnot & Co. Ltd., as the Managing Agents who would look
after the daily activities of the company. Up till 1962, the company was under the Director of
Industries, Kanpur (UP) And it was only in 1963 that the company was granted an Industrial
Licenses By the ministry of Commerce and Industry. With the abolition of Managing Agency
System by the Companies Act, M/s.Gillanders Arbuthnot & Co. Ltd. ceased to act as the
Managing Agents of the Company. Thereafter the control and management of the company
Vested with the Board of Directors consisting of Directors of Gillanders Arbuthnot & Co. Ltd.,
And their associate companies. In 1980 the present management acquired The controlling
Interest in the Company by transfer of share. At present, Mr. K.K. Mohta (Chairman) control
the entire operations of the company and deputed at the registered office of the company
whereas Mr.K.K. Damani (Executive Director) resides and deputed at works supervise. And
control the entire operations and productions of the Company. However, The total supervision
and strict control rests with the Board of Directors of the company.

Management
Chairman: Mr. Krishna Kumar Mohta
Executive director: Mr. Krishna Kumar Damani
Company secretary: Mr.Anup Gupta
Chief financial officer: Mr. Raj Kumar Agarwal
Secretarial officer: Mr.A.K. Acharya
Compliance officer: Mr.k.k.mohta, chairman
Director corporate planning and Strategy and whole time director-Mr.BharatMohta
MARKETING Head: Mr. Rajiv Mundhra
Registrar & Share transfer

Agent:
NICHE TECHNOLOGIES PVT.LTD.
D511,BagreeMARKET
71, B R Basu Road,
Kolkata70000emen

MISSION AND VISION

Mission
Indian wood products co. ltd is committed to build world class Katha based on its philosophy
that great products help builds successful companies. This is designed to drive customer
satisfaction, trusted, supportive and quality products to clients.
Vision
Indian wood product vision is to become the recognized industry leader and provide best katha
to our business partners. Building growth-oriented, process-driven, and people-centric
organization.
VALUES OF THE COMPANY
Committed to Stakeholders
We all are committed to meet the expectations of our stakeholders by optimizing our
performance and sustaining our commitment to the task at hand.
Dynamic
We are sensitive to the changing business environment. Therefore, our actions as individuals
and as an organization will be geared towards meeting stringent benchmarks and norms in order
to sustain and further strengthen our leadership in the industry.
Service
Seek to empower and enable our clients. Consider ourselves successful not when we
deliver our client's final product but when the product is launched and meets success.

 Trust & Transparency

Trust & Transparency is one of our strongest values which have been one of the decisive
elements in the faith that our global customers have in us. We are committed to sustaining our
ethical best-practices and move up the leadership matrix as a very customer-friendly
organization in the industry.

PRODUCTS AND SREVICES

Catechu
Manufacturing Process: Good quality of Khair Tree (Acacia Catechu) is procured from various
parts of India. Each log is manually stripped & made free from Sapwood. The heartwood is
mechanically chipped into small pieces and cooked under pressure. The liquor obtained
contains Catechu which is concentrated in multistage evaporator. On chilling the concentrated
liquor crystals of Catechu are produced. Crystals are carefully filtered in controlled conditions.
The filtered mass is mashed and cut into Biscuits and slowly dried at low temperatures.
Specifications: Commercially the Catechu (Katha) is valued on the basis of its texture, paste
value (810 times) and smell. However, detailed analysis of a typical sample is given
CUTCH
Cutch is a natural source for Tannins (for tanning of leather). It creates variety of colors with
metals and are useful as dyeing agent for natural fibers. It is also used as a mouth freshener.
Medicinal uses similar to catechu are also known. It has application in Oil drilling, Printing ink
pigments, adhesives etc.
Catechins
Manufacturing Process: We offer Epicatechins (L & DL type) from Acacia Catechu and
DCatechins by solvent Extraction of Gambier. We can also offer Gambier alkaloids (like
Gambir Tannine, Oxogambirtannine etc.) Shortly we shall introduce Teacatechins (Epigallo
Catechins).Specification: In view of rapid transformation of LEpicatechin to its isomers, At
present we can offer limited quantity of 85% pure Epicatechins (L&DL). High purity (99%+ )
DCatechins (Hydrate),are being used by local manufacturers of mouth
freshener.

Quality Assurance & Research

Achieving ultimate customer satisfaction is the prime outlook of IWP. To materialize this, the
organization has adopted stringent quality control tests from intermediate stages of input of raw
materials till output of finished products. To achieve this, we have qualified team of 20
engineers & chemists who monitor the operation and the quality. We are well equipped with
laboratory facilities and modern equipments such as HPTLC, GLC, Polari meters, TLC,
Spectrophotometer, Moisture meter, Hygroscopes beside Kjeldahl extractor etc. The company
also owns a research Lab having plant & equipments for Pilot Plant scale research for
improving quality& research.

Objective of the study

The main objective of the study was to do the FINANCIAL STATEMENT ANALYSIS OF
B.L AGRO AND INDIAN WOOD PRODUCTS WITH REFERENCE TO TURNOVER
RATIOS.

Research Methodology:
My project report is secondary data base so the secondary data is collect on the basis of
requirement, convenience and availability of data as well as the reliability of data. The sources
through which the data is collected such asNewspaper, Internet, Balance sheets and some other sources of the company.
Research methodology deals with the various methods of research. The purpose of the
research methodology is to describe the research procedure used in the research.
Research methodology helps in carrying out the project report in by analyzing the various
research findings collected through the data collection methods.
In the project I am collecting the data from various website through internet because my project
based on secondary information which is already available somewhere.
Research methodology may be treated as the heart of the projects. Without a proper and well
organized plan it is impossible to complete the projects and draw conclusive and prepare result.

Research methodology is a systematic way which consists of series of action or steps necessary
to effectively carry out research and the desired sequencing of these steps.
The research is processes of involve a number of inner related activities, which overlap and
rigidly follow a particular sequence.

Analysis and Interpretations

Finance and accounts department
Money or capital being a scare as well as crucial resource in the working of any organization
needs to be given prime importance. The financial resources have been planned and controlled
in a proper and continuous manner. As among the most crucial decisions of a firm are those that
relate to finance. Finance and accounts from an integral part of any organization proper and
smooth functioning of this section is very vital for the organization to survive and grow.
Finance functions are of two types:
Managerial finance function
Routine finance function
Managerial finance functions require skillful, planning, control, and execution of financial
activities.
Routine finance functions do not require a great managerial ability to carry them out. They are
chiefly and incidental to the effective handling of the material finance functions.
Role of the finance management
Finance is lifeblood of business thats why the finance function assumes more significance
because it plays important role in successful performance of all operational and managerial
function through there are other basic function also like production, marketing etc.
The industrial development of the last 60yrs or so has made finance and financial management
an indispensable part of business management.

A firms success and even survival, its ability and willingness to maintain production and to
invest in fixed or working capital are to a very considerable extent determined by its financial
policies, both past and present. In fact the financial manger is now being placed at central focal
point of modern corporate organization due to organizational changes and revolutionary
changes in financial management.
Financial management is viewed properly viewed as an integral part of overall management
rather than as a staff specialty concerned with production, marketing and other functions with in
an enterprise wherever decisions are made about the acquisition or distribution of asset.
It is often said that now a days, financial management watches and cases various development
activities liquidity and profitability of the firm.
Few activities to be cased for:
High cost of financial the risky investment due to capital-intensive environment.
Diversification by the firm of various business, markets and products.
A high rate of inflation affecting firms forecast and planning.
Technological changes at high speed & need for more expenditure on R & D.
Flow of information at rapid speed causing the use high-speed computers.
Last but not least, the sound financial decisions not only affect the production and
distribution but also affect the organizations profitability and liquidity.

Financial statement analysis

Financial statement provides a view of the financial position and operation of the firm. The
focus of financial analysis is on key figures in the financial statement and the significant
relationship that exist between them.
The analysis of financial statement is a process of evaluating the relationship between
components parts of financial statements to obtain a better understanding of the firms position
& performance.

RATIOS ANAYLSIS
Ratio analysis is a widely used tool of financial analysis. It may be defined as the systematic use
of ratio to interpret the financial statement so that the strengths & weaknesses of the firm as
well as historical performance and current financial condition can be determined. Here, the term
ratio refers to the numerical or quantitative relationship between two items/ variables, which are
connected with each other in some manner. Ratio analysis makes the related information
comparable.

Ratio may be expressed in either of the following ways:

In proportion: - in this form the amounts of the two items are being expressed in a
common denominator.
E.g.- current ratio as 2:1
Quick ratio as 1:1

In times of coefficient: - in this form, a quotient obtained by dividing one item by another
item.
E.g.- 6times is the ratio between sales & stock.

In percentage: - in this form, a quotient obtained by dividing one item by another is

multiplied by 100 & becomes the percentage form of expression.
E.g.- Relationship between gross profit & sales may be expressed as 25

Calculation of Ratio analysis of B. L. Agro oils ltd.

TURNOVER RATIOS
Turnover ratios are also known as activity or efficiency ratios. The total fund raised by the
company aew invested in acquiring various assets for its operations. The assets are acquired to
generate the sales revenue and the position of sales depends upon the value of assets. Turnover
ratios are expressed in Times.
TYPES OF TURNOVER RATIOS

INVENTORY TURNOVER RATIO

DEBTORS TURNOVER RATIO
TOTAL ASSETS TURNOVER RATIO
FIXES ASSETS TURNOVER RATIO
CAPITAL EMPLOYED TURNOVER RATIO

INVENTORY TURNOVER RATIO

Inventory turnover ratio is also known as stock turnover ratio. It shows the relationship
between the cost of goods sold and the average inventory. This ratio measures how frequently
the companys inventory turned into assets.
Stock turnover ratio = cost of goods sold / average stock
=19307266646 / 142265043
= 13.57 times
DEBTORS TURNOVER RATIO
It is also known as turnover of debtors ratio and accounts receivable turnover ratio. This ratio
attempts to measure the collectability of debtors and other account receivables. It shows the rate
at which the trade debts are being collected. A firm sells goods on credit and cash basis. Debtors
are expected to be converted into cash over a short period and thus, included in current assets.
Financial analysis employee two ratios to judge the quality or liquidity of debtors: Debtors
turnover and average collection period. It measures the number of times the receivable rotate in
a year in terms of sales.
Debtors turnover ratio = sales / average receivable
= 19307266646 / 1518698452
= 12.71 times

ASSETS TURNOVER RATIO

Assets turnover ratio shows the relationship between total assets and sales. It indicates how
well the firmss total assets are being used to generate sales.
Assets turnover ratio = Net Sales/Total assets
=19307266646 / 6144942550
= 3.141 times

Total assets = fixed assets + current assets + investment

= 451232774.11 + 863953120.61 + 14071791.00
= 6144942550

Fixed assets turnover ratio

Fixed asset turnover is also termed as the ratio of sales to fixed assets. Fixed assets shows how
efficiently the fixed assets are used.

Fixed assets turnover ratio = Net sales / Fixed assets

= 19307266646 / 1257112639
= 15.35 times

Calculation of Ratio ANALYSIS OF INDIAN WOOD PRODUNTS

TURNOVER RATIOS
Inventory Turnover ratio= COGS/ Average stock
= 10641.20/2397.34
= 4.4 times
Debtors Turnover ratio= Sales/ Average receivables
= 10641.20/1357.64
=7.8 times
Assets Turnover ratio= Net sales/ Total assets
=10641.20/ 5739.59
= 1.85 times
Fixed Asset Turnover ratio= Net sales/ Fixed assets
= 10641.20/ 1018.41
= 10.44 times

ANALYSIS OF RATIOS
INVENTORY TUROVER RATIO
A high inventory turnover indicates efficient operations. The inventory ratio of B.L.
AGRO is 13.75 which is more efficient and implies that more inventory is sold and
replaced whereas the inventory ratio of IWP is 4.4 which is less efficient.
DEBTORS TURNOVER RATIO

It measures how efficiently the company collects its receivables during the period of
time.
The debtors turnover ratio of B. l .agro is 12.71 whereas IWP IS 7.8.
ASSETS TURNOVER RATIO
This ratio used as an indicator of the efficiency with which a company is deploying
its assets in generating revenue. The asset turnover ratio of B. l AGRO IS 3.141
whereas IWP is 1.85.
FIXED ASSETS TURNOVER RATIO
It indicates how well a company is using its fixed assets to generate sales. The fixed
asset turnover ratio of B.l agro is 15.35 whereas IWP is 10.44

BALANCE SHEET OF B.L AGRO OILS LTD.

BALANCESHEET OF INDIAN WOOD PRODUCTS

FINDINGS

The performance of B.L AGRO has been very good with high turnover in the
market as compared to Indian wood products.
The inventory turnover ratio of B.L agro is also high which means the efficient
utilization of inventory
The debtors turnover ratio and the average collection period ratio have shown
improvement indicating an improved cash flow position of Indian wood products.
The fixed asset turnover ratio has also improved.
The inventory of Indian wood products sold very less as compared to bl agro.
Inventory management in B.L. Agro oils ltd is effective & efficient.

The financial position of B.L.Agro is much better because company earns a good
profit.
To meet the challenges of growing demands, Indian wood products is preparing for
capacity enhancement and expansion of manufacturing capabilities.
Expansion in geographic reach and newer markets - The B.L agro has already
extended its distribution network covering almost entire North India and is now
poised to further expand in newer markets.