Sah Polymers: We believe in developing the market first and capacity second: Asad Daud, Sah Polymers

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Asad Daud Sah Polymers With respect to your issue could you talk to us about what exactly the business is and since you are going to use this for capacity expansion talk to us a bit more about that with respect to what the strategy is? Asad Daud: But help us understand in terms of how the revenue split is currently because I understand that large part of the sales are actually coming in from domestic while the share of exports is coming down. This is a time when we are hearing a lot about China plus, Europe plus one, etc. What is the reason that you are shifting away from exports and into domestics? Murtaza Ali Moti: If we look at your top 10 clients it contributes quite significant chunk to your entire portion, how are you trying to de-risk that say over the next one or two years? Also wanted to understand if I look at the last three-year performance, there has been quite a bit of improvement with respect to your profitability in the sense that EBITDA margin has improved from 5% to 9%, ROE has gone up from 1% to 16-17%. What is the sustainability of that because the operating cash flow is still negative?