I am delighted to connect with you through this annual report of the
First, I take this opportunity to thank our Customers, Partners,
Bankers and Shareholders for reposing their confidence in the Company
and providing their unstinted support. My thanks to the management team
and all employees of the company for having their enthusiasm and
dedication towards the company.
As you are aware that the trading of shares of the company was under
suspension. With its continuous sincere efforts the Company was able to
get the revocation of suspension of its shares. I am very happy to
inform you that the trading of shares resumed w.e.f 07th July, 2011.
The trading of equity will provide a continuous liquidity to the
shareholders of the company which in turn helps broaden the shareholder
base. The company is fast emerging and steadily overcoming the
bottlenecks of the past.
The company is a market leader in the field of rubber & bituminous
products, the company has captured substantial share in the market by
maintaining high quality, reliability and customer satisfaction.
I urge you to read the details of the developments and performance of
the various business in the chapter on Management Discussion and
Analysis. We are confident of contributing the growth story backed by
good performance across businesses.
I am pleased to inform you that after pioneering and crossing 200,000
ton marks last year in field of rubber modifier, CRMB & PMB production,
we have now entered into manufacturing of quality bitumen Emulsions at
our Panipat central plant where we have installed a state of the art
plant. This fully computerized sophisticated plant is capable of
producing 12 TPH Bitumen Emulsion of very high quality was imported
from Europe from the world leaders in this technology.
Poor maintenance of roads costs the country about Rs. 35,000 Crore
annually and erodes some 40,000 km of rural roads, and 10,000 km of
secondary roads as per report prepared by the national transport
development policy committee of RBI. Poor roads reduce life of
vehicles, increase traveller freight time, push up consumption of fuel
and raise maintenance costs of automobiles.
Most central banks in emerging economics, like the Reserve Bank of
India (RBI) reached to high inflation by adopting a hard line in terms
of monetary policy. Consequently, interest rates have increased by
several basis points in these emerging economies, including India. High
interest rates may hinder investment future growth. These are worrisome
and may affect growth in the near terms even in India, but I do believe
that the macro-economic fundamentals and the demographic
characteristics are well in place to foster growth momentum in the long
I would like to express our delight at presenting you the financial
result of your company. Over the years, we have built a sizeable
business in India and with renewed focus on bitumen industries as an
independent entity, we aim to accelerate our growth into global
We stay committed to deliver value to our shareholders and renew our
promise to constantly focus on exceeding customer''s expectations by
providing world class product and services.
Thank you for your participation in the evolution of the company so
Best Wishes & Regards,