you are here:

Mayur Uniquoters Ltd.

BSE: 522249 | NSE: MAYURUNIQ |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE040D01038 | SECTOR: Plastics

BSE Live

Oct 27, 16:00
433.85 -8.75 (-1.98%)
Volume
AVERAGE VOLUME
5-Day
10,210
10-Day
7,569
30-Day
31,866
1,925
  • Prev. Close

    442.60

  • Open Price

    448.35

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Oct 27, 15:51
434.40 -8.20 (-1.85%)
Volume
AVERAGE VOLUME
5-Day
46,585
10-Day
50,869
30-Day
87,129
28,006
  • Prev. Close

    442.60

  • Open Price

    442.65

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2017 2016 2015 2013 2012 2011 2010 2008

Chairman's Speech

Dear Shareholders, In spite of low growth in domestic Auto Sector, your company''s growth was 10-12%. There is huge scope in automobile sector as predicted by 2025, India will be manufacturing 8 million cars. The biggest change is so far is that very low quality of synthetic leather was used, now automobile companies has upgraded their products and now they are more focusing on premium product therefore average sales realization is increased significantly . Since your company is supplying premium product in USA to major customers like Ford, Chrysler etc therefore your company got dual advantage of volume growth as well better margin for order from GM India and Ford this will increase realization substantially. We are in talk with Fiat India. Fiat India will start using the same premium quality product, since your company is in the premium product segment therefore it is two way benefit to the company in terms of volume growth as well as better margins. Export to USA and OEM: Management will be happy to inform that your company has been already awarded new vehicle program with annual turnover of Rs. 25 crore approximately and company will start the production for the same by October 2015,3 more vehicles program are in process which will be probably awarded to your company which will add another Rs. 50 crores turnover per year in 2016 & 2017 General Supply: Your company is extensively working in general export to USA, Europe, Mexico, South Africa, Middle East and Gulf countries. Your company has achieved a 30% growth over last year and we expect to achieve growth rate 40-50% in 2015-16 Auto Replacement: This market is regained by increase demand and Your company is supplying to India''s top 5 Seat manufacturer fulfilling 70%-80% of their requirement. This market is also expected to grow further by 20-30% Footwear: Although footwear demand is increasing but there is huge competition. Your Company''s clients are branded footwear makers like Bata, Paragon, Relaxo, lancer etc which are looking for good quality and innovation. Although this year demand was subdued but now from March 2015 onward demand is picking up therefore, we expect a good growth in this segment also. Economic Situation: Fiscal Year 2015 was a year of hope and optimism. The outlook of Indian economy has turned distinctly positive. RBI has reduced the rates two times and Banks has started positive step toward reduction of interest rates which will definitely help the industry. However continuing inflationary pressures have been a constraint in reducing interest rates further. In the medium term, the economy stands to benefit by further government initiative like goods and services tax, land bill, tax reforms etc. and this would help greatly to boost investor confidence. These developments on the domestic front have a positive effect on your Company''s growth and end-results. The global economic situation showed signs of strengthening, with US economy speeding up. India''s economy is expected to grow by 7.8 per cent in 2015-16. This is lower than the official estimate of 8.1 -8.5 per cent, but higher than China''s estimated growth of 7.2 per cent in 2015 Creation of Wealth to Shareholder: It was a good year for Mayur. We, at Mayur, aspire to be a company that performs with passion to delight customers and create value for all stakeholders. Delivering consistent return and ensuring wealth creation to shareholder is unwritten rule of Mayur. Mayur''s net worth during the financial year 2014-15 increased to Rs. 22,324 lacs. Book value per share value has increased to Rs. 51.55 Market capitalization stand as on 31 March 2015 is Rs. 1,96,586 lacs Which is 276% increase from last year. Research and Development: We are continuously upgrading our R&D center by investing huge amount which is showing the result. Since your company is financing 10-15% of profit to R&D activity to maintain its product innovation and customer requirement. We apply our breadth of expertise and experience to unveil industry-leading initiatives and innovations. We believe innovation is about applying technology to solve real-life problems. Our products are sensitive to customer aspirations, geared to address their changing requirement, at a price more attractive than ever before. To support high growth phase, we have developed an integrated business model spanning the entire value chain from fabric development to manufacture of the synthetic leather. The backward integration is driving cost reduction and improved quality On Financial Front: Your Company in the Fiscal year 2015 has shown the good performance with the total revenue of Rs. 51225.78 lacs and Profit after Tax (PAT) of Rs. 6590.10 lacs reflecting the growth of 8.68% on year to year basis. Export turnover has decent growth @ 18.56% as compared to last year. Company has so far declared Interim dividend @ Rs. 2.25 pershare Capacity Expansion: Company''s expansion plans are on track and your company has increased the production capacity to 3.05 million linear meters per month. During the current fiscal year, Company has issued 14,86,000 Compulsory Convertible participating preference shares {CCPPS} and the same has been converted into 29,72,000 equity share of Rs. 5/- face value each. The object of the above issue was to augment the resources of the company for general corporate and capital expansion including setting up of PU Plant or such other purposes permitted by law and approved by the board of directors of the company Customer Demand and Business in New Geography: Customer demand is increasing continues and having a preferred supplier status from large customer like Bata, Mahindra & Mahindra, Maruti, Ford etc. company will able to utilize expended capacity. The company is making the strong move to enter into the unexplored markets as well as entering into the new segments to fill the expanded capacity. During the year. We have added 6 new geography and 12 new Customers in our business. Future Growth: The year ahead, I believe, we will be able to achieve the growth rate what we have achieved in recent years. We have plan to increase capacity by 6 lacs Im per month by the end of 2016. The business environment will always remain challenging and your company is adapting to the changing environment to maintaining its competitive edge with the best quality product, the best of talent pool available, the eye on the new customer''s and geography, we are confident of the future. Corporate Social Responsibility: At Mayurwe define Corporate Social Responsibility as the way a company balances it''s economic, social and environmental objectives while addressing stakeholder expectations and enhancing shareholder value. Mayur''s commitment to its corporate social responsibility and sustainable development issues making these an essential part of the business goals for the company. Our approach to sustainable development is proactive and to create value for all stakeholders. Our emphasis is to preserve our environment and natural resources, conversation of energy, water stewardship and awareness about the health and safety among the society. Rewards and recognitions: I am pleased to share you that we received some recognition during the year which are the souvenir for our hard work and efforts that we have made. 1. Incorporation India Innovative 100 Award 2. Best Employer - Certificate of Excellence 2013 from employer association of Rajasthan 3. Business Leadership Award 4. Cll 5S excellence award 5. Productivity Excellence Award 2011-12 6. Udyog Ratna Award to Shri Suresh Kumar Poddar and Excellence Award to the company from Institute of Economic Studies (IES) Acknowledgment: You, as our shareholders have always supported us, and I am sure that we will continue to win your trust in the future. On behalf of the company, I take this opportunity to convey our sincere thanks to our shareholder, customer, employees, bankers, suppliers and to the government. I look forward to your continued optimism. Thankyou andjai Hind Best Regards Sd/- Suresh Kumar Poddar Chairman and Managing Director DIN:00022395 Jaitpura,Jaipur 12thJune, 2015