ESS DEE Aluminium

This inspirational quote, I believe, is what captures the essence of
 Ess Dees journey during the year. It has been a landmark year as we
 used innovation as the key to stay ahead in our business.
 
 Driven to Deliver
 
 This year, we recorded Net Sales of Rs. 31,694 lacs, a 89 per cent
 growth over the previous year. This was primarily on account of the
 strengthening of our existing business lines, the foray into the FMCG
 space and timely capacity expansions. Our Operating Profits at Rs.
 9,642 lacs translated into 92 per cent growth, a result of enhanced
 operating efficiencies for downstream projects.  The superior
 performance at operating level percolated into a healthy Net Profit of
 Rs. 7,345 lacs, up by 97 per cent.
 
 We are responsible for what we are, and whatever we wish ourselves to
 be, we have the power to make ourselves.  If what we are now has been
 the result of our own past actions, it certainly follows that whatever
 we wish to be in future can be produced by our present actions; so we
 have to know how to act.
 
 Perfect Solutions are not Found, they are Created
 
 During the year, our existing pharmaceutical business contributed
 significantly to our performance as we expanded our horizons by
 clocking higher volumes on a larger customer base. We launched high-end
 pharma packaging products like Cold Form Blister and
 Child-Resistant-blister packaging and with this, we are the first in
 India to manufacture the same. These products are of superior quality
 as they offer complete protection and will go a long way in building
 further credibility with clients and cater to a larger customer base.
 
 We launched high-end pharma packaging products like Cold Form Blister
 and Child-Resistant-blister packaging and with this, we are the first
 in India to manufacture the same.
 
 Our focus remains on tapping the demand fulfilled by the imports
 segment in the laminate markets and the un segment in others. With our
 high-end technology and competent team, I am confident we can achieve
 the same.
 
 The year also marked our entry into the Food and FMCG segments. With
 the enhancement of cold rolling facilities in the plant, we are in a
 position to cater to these segments. Chewing gum wrap, confectionary,
 frozen desserts are some of the areas we have commenced supplies to and
 plan to expand into areas where aluminum is the core substrate. In the
 prophylactics segment, we have made tremendous progress with major
 orders from leading companies.
 
 The Shape of Things to come
 
 Our expansion plans continue to be based on the Hub and Spoke
 business model in both, the domestic markets and internationally. Our
 Daman plant expansions are in place in both rolling and converting
 areas.
 
 Ess Dee along with Madras Aluminium Ltd (MALCO), a Vedanta Group
 Company, will be infusing funds to revive India Foils Limited. We see
 major synergies therein in terms of manufacturing capacities, access to
 export markets and finally, raw materials.  The benefits of this
 initiative will start accruing shortly.
 
 It pleases me to inform you that our company continues to interest
 globally reputed Institutional Investors like Morgan Stanley who have
 picked up an equity stake in our company, reinforcing confidence in our
 ability and prospects.
 
 Beyond Profits
 
 As a responsible corporate citizen, Ess Dee is working on developing
 the process of Carbon Sequestration which entails reducing of GHC
 emissions. With such thoughtful initiatives, we seek to contribute
 towards keeping the environment clean, resultantly benefiting society.
 
 We drive our social initiatives under the flag of the Sudip Dutta
 Foundation, whereby we seek to empower and enrich the lives of those
 who are needy. In this way, we seek to fulfil our societal
 responsibilities.
 
 A Vote ofThanks
 
 I conclude this note by taking the opportunity to thank our employees,
 vendor partners, customers and shareholders for their unflagging
 support l am confident that with this support as our backbone, each one
 of us at Ess Dee will strive hard to not only meet, but also exceed
 expectations in the years ahead.
 
 
 
                                                    Swami Vivekananda