I look forward to your continued support in the year ahead and wish you
the very best. It gives me great pleasure to welcome all of you at the
19th Annual General Meeting of YOUR COMPANY.
At a time when the Indian economy is experiencing a slowdown due to
global and domestic turbulence and policy formulations aimed at curbing
inflationary pressures having a depressing impact on productivity and
growth the real estate sector too is faced with formidable challenges.
Uninterrupted access to affordable finance is vital for the health of
the urban infrastructure and housing sector. In my view, care should be
taken in formulating monetary policies to ensure that tightening of
credit aimed at combating inflation does not have the unintended side
effect of stunting the growth of the real estate development industry.
It is my firm belief that the housing and construction sector is poised
to become the next big driver of growth in India. The Economic Survey
for 2011 12 credits the housing sector for contributing about 5 percent
to India''s GDP. With linkages to more than 250 ancillary industries,
the housing and urban infrastructure sector has a major multiplier
effect on the entire economy, providing jobs across the spectrum, right
from highly qualified engineers and architects to unskilled labourers,
thereby promoting the cause of inclusive growth.
YOUR COMPANY under trying circumstances was focused on execution and
demonstrated its capability by launching various construction projects.
Company as also ventured into Media Segment where Company has
successfully launched various teen pageants like Fact Universal Teen
Pageant 2, Fact Supermodels 2.
Company has tied up with one of the known production house to produce
movies. Company has completed production of Movie ''Main Krishna Hoon.''
And movie will be releasing soon by Eros International. Company has
also started production of another Movie Kaanch of which first
schedule has already been finished and company will be scheduling next
schedule in coming months and company expected to complete this movie
in next year. This diversification in media industry will give us good
results and returns in years to come.
M/s. Fact Enterprise Limited enjoys excellent relations with its
clients and with numerous institutions in and outside India. The
Company has tremendous financial and managerial capabilities and our
main stream of business is construction. The quality and reliability of
the business has earned the Company an enviable reputation and
goodwill. We believe in successfully completing all the assignments in
a fixed and precise time frame.
Synergy and combination of capital intensive and time extensive
projects gives YOUR COMPANY good profits and value for money. Due to
this unique combination, costs of our projects are very low and the
profits are high.
At the end, I would like to reinforce the uniqueness of our business
model and various strategies will be to focus on executions and create
wealth for shareholders. I take this opportunity to thank all the
shareholders, customers, suppliers, bankers and employees for their
continued support and co operation. We share an everlasting bond with
each other. I thank all my colleagues on the Board for their unanimous
support and immense encouragement.
Your Company remains committed to the underlying values of providing
exemplary customer service, achieving business objectives with social
responsibility and enhancing stakeholder value.
I am sure that with your best wishes and confidence shown in our
capabilities, the Company will achieve new milestones.
With Best Wishes,
Date: 2nd September, 2012.