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GEE Ltd.

BSE Live

Jan 21, 16:00
88.00 -3.85 (-4.19%)
Volume
AVERAGE VOLUME
5-Day
45,514
10-Day
50,672
30-Day
25,841
45,496
  • Prev. Close

    91.85

  • Open Price

    90.60

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

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GEE is not listed on NSE

Annual Report

For Year :
2013 2012 2011 2010 2009 2008 2007

Chairman's Speech

Dear Shareholders'''' I have great pleasure in presenting the 52nd Annual Reportfortheyear ended 31 March''''2013. The year 2012 has been extremely challenging for the Indian and Global Economy. Uncertainty has ruled in all sectors across all domains''''be it economical''''financial or political.The manufacturing industry saw this uncertainty translated into unpredictable demand patterns'''' increased credit restrictions'''' and a highly competitive environment driven by general overcapacity in most of the sectors. Inspite of this''''ano thers trong year in 2012 and has continuedwith the positivetrend. Our results reflected the sound execution of our business plans''''centered on expansion and disciplined cost and asset management.Among our achievements'''' we delivered our highest-ever sales'''' made substantial inroads to new markets'''' and continued aggressive launches of advanced new products. As a result'''' the company is well- positioned to reap the benefits whenever there is upsurge in economy. For fiscal 2012-13'''' Gee reported net sales and revenues of 1862.98 million''''a growth of 8%.The net income reported was 46.40 million.The profit margins were adversely affected on account of hike in the material cost and unpredictable movement in the currency market. The Company''s performance affirmed the wisdom of keeping our eyes on the horizon and feet on the ground.That means investing to capitalize on powerful macroeconomic trends'''' while at the same time maintaining a laser-like focus on operational excellence and customer service. The Company continued tostrengthen its financial condition. We gain confidence as the Indian and Global Economy is gaining traction and is expected to perform better in this fiscal. The resurgence of the global growth is crucial for industrial recovery in India. India is tipped for resurgent growth'''' with the reform measures undertaken recently. The measures include liberalization of FDI in multi-brand retail''''amendment of the Banking Regulation Act and expeditious decisions on approvals for implementation of mega projects.The impact of these steps will be felt on macro parameters in the current fiscal.Economic growth is projected to be in the range of 6.1% - 6.7% in 2013-14. We resolve to put in our best to achieve greater heights in the time to come. Yours Sincerely'''' S.LAgarwal Managing Director