It is this time of the year when we at Cerebra grab the opportunity of
interacting with all of you, the owners of Cerebra. I would welcome you
all to the 18th Annual General Meeting of your Company.
Recessionary trends continued globally; exceptions were few. I am
delighted to report that Cerebra is one among them. Isn''t it really
heartening to achieve a topline of Rs. 16525.09 Lakhs(97.20% rise) and
a bottom line of Rs. 298.06 Lakhs (106.31% rise) recording year on year
significant improvements for the past five years? You will recall that
your Company has the following verticals in its pursuit of business
i. Enterprise Solutions Division
ii. EMS, Contract Manufacturing Division
iii. Software-Enterprise Mobility Solutions
iv. Subsidiaries-Cerebra LPO, Cerebra ME FZCO, Geeta Monitors
With immense pride, let me announce that all divisions of your Company
have operated profitably during the past year with each division
contributing to the growth and profitability. We have been able to
manage the operations without recourse to any borrowings despite the
quantum jump in revenue and your Company remained debt free for one
more year. However, with the aggressive plans of growth in all its
verticals and in the subsidiaries, at some point in time, we may avail
banking facilities to optimise the funding needs. The division wise
progress is covered in detail by your Directors in charge of their
particular divisions respectively in the Directors'' Report.
The subsidiaries continued to perform as per expectations. Although
little belated, Cerebra Middle East has performed quite satisfactorily
and I do have strong belief that with the tie ups that Cerebra ME
entered into in the recent past with Fujitsu, Cannon, various potential
enquiries will get translated in to commercials. Geeta Monitors
continued to perform quite to the plans made in the beginning of the
Your Company has been looking at overseas acquisition very seriously
and should conclude something very soon. We have identified
acquisition as a strategy to grow and also to have global presence.
As reported last year, E-Waste and LPO continue to be our focus and
very soon you should have a world class E-Waste plant in Bangalore. The
land acquisition process is completed and registered thanks to the
Government of Karnataka. We have started business in E-Waste collecting
raw materials and have also done pilot projects in different sectors
and the profit % is in line with what we had envisaged.
Whilst our aim is to have growth of over 50% for the coming year, we
are fully conscious of the current rough business environment; despite
this, we hope to achieve the same.
It is mainly thanks to devoted and passionate shareholders like
yourselves that we have been able to achieve all these and we
anticipate your support in the days to come as well .
We have made it a practice to send a quarterly news bulletin to all
shareholders. In case you are not receiving them, please send us your
email id to email@example.com.
We take this opportunity to thank all shareholders, employees and the
Governments for lending us their invaluable support.
Wishing all of you a very Happy and Prosperous New Year 2013!
Thanks once again