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0 | Chairman's Speech (Tijaria Polypipes) | Year : Mar '10 |
Dear All, I have pleasure in presenting the 4th Annual Report and the audited accounts for the financial year 2009-2010. I am pleased to announce that the FY 2009-2010, the company has achieved a remarkable success with the growth of 26% in the annual turnover. During the year the company has achieved the turnover of Rs. 11035.49 lacs in the current year as compared to Rs. 8752.25 in the previous year. Profit after tax is Rs. 674.05 lacs as compared to Rs. 325.09 lacs in the previous year which is more than 100% as compared to the previous year. Considering the encouraging performance of the company, I am pleased to recommend a Dividend of 15 % on the paid up equity share capital of the company. Now the Company is initiating towards an expansion cum diversification project with the total capital investment of Rs.10852.00 Lacs. The proposed project shall have State of the Art facilities and shall be first of its kind in the state of Rajasthan as well as one of its kinds in the whole country. The Project is expected to be commenced by April, 2011. We have always endeavored to devise and implement several welfare measures for the employees and their families. I wish to place on record the sincere and dedicated efforts of all the members of the company, who have made it possible to achieve excellent growth. We take this opportunity to extend our sincere thanks to our Bankers, Government agencies, our valued customers, vendors, auditors and the associated people for their continuous support and assistance. The employees of the company continued to display their devotion, cooperation and commitment in pursuit of excellence. I take this opportunity to extend my appreciation of the dedicated work and contribution made by every member of Tijaria Family. I extend my profound thanks to all for their faith and continued support to the endeavors of the company. With best wishes, Alok Jain Tijaria Managing Director |
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| Source : Dion Global Solutions Limited | |
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