I present to you the 22nd Annual Report of the Company. Your Company
had seen several rounds of the upsides and downsides of growth over a
span of 22 years. The business environment in the last few years has
been very challenging, as it may be for many.
Now, I would like to share with you, the performance of the Company and
its future in a spirit of confidence and hope.
Your Company''s core business segment is exports of Agro Commodities
which were adversely affected in financial year 2014-15. The price of
Agro Commodities in Domestic Market ruled higher than the price of Agro
Commodities in International market, due to Minimum Support Price (MSP)
hence rendered exports un-remunerative. As a result, Indian Exports of
Agro Commodities, including wheat, soyameal and corn registered
negative growth, and noted decline by 37% in financial year 2014-15.
For the financial year 2014-15, your Company has on a standalone basis,
registered total revenues of Rs. 761 Crores as compared to Rs. 1526
Crores in the previous year, reflecting a substantial decline and has
incurred a Net Loss of Rs. 78.90 Crores as compared to the Net Profit
of Rs. 2.40 Crores in the previous year. The performance of the Company
should be considered in terms of depressed situation for export of Agro
Commodities in financial year 2014-15.
Keeping in view of the improve business sentiments, the economy showing
signs of better growth in the coming years. Going forward, we are
optimistic about the performance and result oriented approach
subsequently your Company now looks to expand its basket of products to
rebuild its core business i.e export of Agro Commodities.
Before concluding I would also like to thank all stakeholder for their
kind and Whole hearted support to the Company and place my sincere
gratitude to my colleagues on the Board, who spared considerable time
and participated actively in the deliberations of the Board with their
in depth knowledge and guidance on various issues which greatly
contributed in taking appropriate decisions.
Chairman & Managing Director