This is a special time in the history of Faze Three Limited as today I
am reaching out to you from a Rs. 100 Crore young and dynamic
Organisation. The Company in the passing year clocked a turnover of
more than Rs 100 Crores, thus achieving another milestone.
The passing year marked one more milestone when the Company got listed
on Luxembourg Stock Exchange with its USD 8 Million Foreign Currency
Convertible Bonds (FCCBs) offering. The U.S. Marketing office of the
Company was made fully functional during the year under review thus
facilitating smooth Masoning and co-ordination with the U.S. and global
The achievement of these milestones testify to the robustness of your
Companys strategy and augur well in terms of future value creation for
shareholders. The focus on nurturing strategic capability is rapidly
positioning the business to garner a growing share of the exciting
market opportunities unfolding in global markets.
The progress outlined above reflects our conviction to follow a path
less traveled and the commitment to go the extra mile to redefine the
limits of possibility and capability for world-class execution.
Your Company has made substantial investments in technology, processes
and systems and innovation, which is aimed at acquiring international
competitiveness in terms of quality and cost in each of its products. I
am pleased to inform you that during 2007 your Company entered into a
Tie-Up arrangement with an Italian Company called MR-81 srl so as to
develop and produce a yarn named Eazylon which is used for making
Bathmats and a trademark application for the same has already been made
The rewards of Managements commitment to substantial investment in
expansion plans are evident in the rapid strides being made in terms of
growing demand for the products of the Company and hence the increased
market share. A platform has thus been shaped for embarking on the next
phase of aggressive marketing that would unveil the finest home-textile
business and a sound infrastructure to support rapid growth.
Gearing up for the future, we have the key success factors necessary to
withstand the winds of change. The encouragement provided to build a
highly skilled and creative Design and Production team, which is
ceinforced by the state-of-the-art infrastructure, our vibrant market
presence with a strong product range, which draws its strength from
technical prowess, high quality production and cost effectiveness that
will guide us to bring greater efficiency in the future.
The road ahead is very exciting and challenging and on this occasion I
further seek your unstinted support in our shared journey to be a
leader in the Global Home Textile business.
Chairman & Managing Director