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Faze Three Ltd.

BSE: 530079 | NSE: FAZETHREE | Series: NA | ISIN: INE963C01033 | SECTOR: Textiles - Spinning - Cotton Blended

BSE Live

Sep 20, 15:43
283.70 2.80 (1.00%)
Volume
AVERAGE VOLUME
5-Day
41,131
10-Day
94,082
30-Day
122,774
24,014
  • Prev. Close

    280.90

  • Open Price

    287.00

  • Bid Price (Qty.)

    279.00 (17)

  • Offer Price (Qty.)

    280.70 (61)

NSE Live

Dec 27, 11:22
17.90 1.90 (11.88%)
Volume
No Data Available
3,415
  • Prev. Close

    16.00

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Faze Three is not listed on NSE

Annual Report

For Year :
2007 2001

Chairman's Speech

Dear All, 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 customers. 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 in U.S. 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. Warm regards, Ajay Anand, Chairman & Managing Director