It gives me pleasure to inform you that your company is now 25 Years
old and during these 25 years, for first time, JFL has crossed gross
turnover of Rs. 200 crores. This has given all of us a reason to
celebrate silver jubilee year. Your company was established in April
1985 with one unit one product and now after reconstruction of the
business model, it has three units and a basket of products. In its 25
years of time your company has seen various ups and downs,
revolutionary invention in the applications of plastic packaging, up
gradation in technology. We have now acquired an experienced age and
image to successfully confront any type of challenges.
Another celebrating concern for all of us is that there has been a good
growth in all sectors of the Indian economy and recoveries across the
globe post one of the worst financial crisis of 2008. The government
of India has projected GDP growth rate of 8% plus forthe year 2010-11.
Your company continues its focus to invent new and advance applications
in packaging solutions and therefore we continue to add to our list new
products which benefit our customers in terms of their requirements of
low cost and effective packaging. Today with increased competition from
organized/unorganized domestic and overseas players who are working at
low margins, our focus has moved towards obtaining economies of scale
by increasing production, efficiency and reducing wastage and downtime.
Maintaining its hold in the domestic market, the company is now focused
to expand its overseas market resulting in an increased export turnover
every year. Despite the recession in the countries where your company
exports, the export turnover was Rs. 358.06 lakhs during the year
2009-10; registering growth of 153.30% compared to previous year.
We are expecting a much stronger year ahead in terms of both, revenue
and margin growth. This is backed by successful execution and
implementation of our business strategy and plan.
I would like to thank you for placing your faith in the company. I wish
to thank all members of the Jhaveri Flexo team and all our business
associates for their contribution to the success of Jhaveri Flexo in
achieving 25 years confidently. I trust to get constant support from
all the stakeholders, employees, workers and our business associates
forthe future times to come.
With Best Regards,
Rajul Sandeep Jhaveri