It gives me immense pleasure to welcome you all to the 15th Annual
 General Meeting of the Company. Financial Year 2008-09 has been the
 first full year of operations of the Company since its takenover by the
 present management in November 2007. The year has been full of
 challenges, difficulties and accomplishments, promising better
 operational performance and profit-earnings during the years to come.
 
 Global Economic Scenario:
 
 The global economy is struggling to wriggle out of the recessionary
 forces as evident today. No part of the world is left unaffected by
 this turmoil, including our national economy which too had to face the
 tremors resulting from the sub-prime saga. But as rightly said, dawn
 follows dusk. Considering the latest trends of various parameters, we
 as a nation are well on the road to economic revival and apparently,
 have overcome the after effects of the global economic turmoil. The
 overall business confidence rate is gradually picking up, providing
 enough symptoms of sustained economic stability and growth being
 achieved sooner than was expected.
 
 Plastic Industry Scenario:
 
 The global demand for plastics since 1990 has grown at an average of
 5.5 percent annually. The global consumption reached about 200 million
 tons during 2008, with per capita consumption levels of 30 kilograms.
 This sector is expected to grow at about 5 percent annually up to 2015,
 with the highest growth rates in Asia. Rapid urbanization and growth in
 retail business in populous countries like India will result in high
 growth performance for the plastic sector.
 
 Company Performance:
 
 Your Company was exposed to the usual problems related to infancy, the
 financial year just gone by being its first full year of operations. In
 spite of nagging difficulties related to liquidity shortage, delay in
 arrangement for requisite government and local authority approvals,
 delay in sanction of power supply etc., the Company successfully
 completed the setting up and commissioning of its unit at Silvassa for
 manufacturing of Tarpaulins and Plastic Bags with an initial capacity
 of 24000 MT of Tarpaulins/Wagon Cover and 6000 MT of Shopping/Carry
 Bags per annum. The Company achieved a Turnover of Rs. 10.12 Crore and
 earned Profit ofRs. 17.13 Lacs.
 
 Based on the unaudited Financial Results for the quarter ended June 30,
 2009, the Company has achieved Turnover of Rs. 7.06 Crores and Net
 Profit of Rs. 22.37 Lacs. Based on these indications, we are reasonably
 optimistic of recording much better performance during the current
 year.
 
 We look forward to your continued support and trust in the new Board of
 Directors and in turn, we pledge our continued focus, integrity,
 highest level of corporate governance practices and unrelenting efforts
 to put the Company on the growth trajectory and achieve sustained
 better operational results and returns.
 
 Thank you.
 
 RushabhShah
 Chairman