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Tijaria Polypipes
BSE: 533629|NSE: TIJARIA|ISIN: INE440L01017|SECTOR: Plastics
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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
 
Source : Dion Global Solutions Limited
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