The present invention relates to a composition based on alcohol. More particularly, the present invention relates to the composition based on ethanol soluble oil modified alkyd resins. Moreover this invention relates to the composition wherein metallic soaps of barium, cobalt, calcium, manganese and zirconium is soluble in ethanol which supports drying of alkyds in air and ethanol soluble hard resin. This invention relates to the process for producing the above composition which has the characteristics of pollution free, and the like and cost effective.
