Financial Information for CRODA International Plc Essay

Financial Information for CRODA International Plc - Essay Example Industrial specialties- which includes base chemicals, home care, polymers and coatings, additives for polymers, lubricant additives, lubricants and processed vegetable oils. (www. investing.businessweek.com). Consumer care division which includes international business in health care, personal care, and crop care – engaged in all markets throughout the world with a thumbing need for sustainable ingredients and innovations. Further, Croda has an enterprise technology division (R&D) which recognizes and assimilates new technology into Croda’s international business set up. (www.croda.com). Croda was able to post pre-tax profits of 10.5% during the year 2008 in spite of the serious international economic recession. However, due to stable focus on new markets, product innovation and recession mingled with the instant reduction in cost have facilitated Croda to accomplish one more year of pre-tax revenue growth in spite of the worst scenario in the international economy. (Chairman speech, AR 2009). The salient feature of the business model of Croda is the capacity to offer a variety of products to a variety of customers all over the globe. Croda’s persistent focus on originality in specialties has offered them the capacity to derive the true value for their products. (CEO Speech AR 2009). Croda is in a true sense a really global company as it is having only just 7% sales in the homeland of U.K. All of its subsidiary company around the world has targeted sales, operating margin, profit growth targets that form fundamental to their strategic plans and budgets. Croda’s report their progress annually against five major financial performance parameters. According to Croda’s annual report 2009, Croda International Plc has prepared its financial reports as demanded by the Companies Act, 2006 of U.K and as provided by the U.K accounting.