1. Ladies & Gentlemen
It gives me great pleasure in welcoming all of you to the 18th Annual General Meeting of your Company. The Annual Report for the year ended 31st March 2018 has been circulated so, with your permission, I shall take it as read.
2. Review of Performance
I would like to start by highlighting operational achievements during the year under review
Your Company delivered another year of financial performance with compare to financial year 2016-17.Your Company earned profit after tax of Rs. 8.07 lacs during financial year 2017-18.
The Company was doing well in Financial Year 2017-18 comparable financial year 2016-17. Now, we should be able to post even better results next year as we are all set to strongly focus on taking our business to higher levels of operational excellence and growth. This gives me the confidence to say that with God''s blessings, team''s hard work and your support; we shall be able to report stellar results for the next year.
Indian textiles industry is a well-established with showing strong features and a bright future. In fact, the country is the second biggest textiles manufacturer worldwide, right after China. Similar force is demonstrated in the cotton production and consumption trend where India ranks just after China and USA. The textiles manufacturing business is a pioneer activity in the Indian manufacturing sector and it has a primordial importance in the economic life of the country, which is still predominantly based on the agro-alimentary sector. Employing around 35 million people, textiles industry stands as a major foreign currency revenue generator and further proves it in its 14% share of industrial production and the 16% of export revenues it generated.
The country is also significant textiles fiber and yarn manufacturer on the world scene, taking on its own a 12% share of the world''s production volume. India ranks on the second place as regards in production of silk and cellulose fiber and yarn whilst standing on the fifth position when it comes to synthetic fiber and yarn.
Indians have well understood the importance of staying one step ahead of developments in the world economic environment. The industry is now preparing itself to take share of opportunities expected to arise out of the market freed from quota restrictions and other trade barriers. Industry operators are increasingly moving towards modernization and expansion as encouraged by the so-designated Textile Upgradation Fund Scheme implemented by Government.
4. Corporate Social Responsibility
Company''s approach to social responsibility extends well beyond business and financial considerations. The Company has been set up to create economic and social opportunities for those at the bottom of the pyramid and particularly aims to create awareness among women and children about health, sanitation and education.
5. Human Resources & Industrial Relations
The dedication and commitment of our people has been a key strength. We continue to focus on enhancing the knowledge base through Learning & Development initiatives and are working on strengthening the management bandwidth. I am also pleased to inform you that industrial relations at all units were cordial during the year under review and, on behalf of your Directors; I acknowledge the co-operation and contribution of the entire workforce.
On behalf of the Board of Directors and the Management, I would like to place on record your Company’s sincere appreciation of the support extended by the Central & State Government and their agencies, term lenders & working capital bankers and the continuing patronage and support of all stakeholders.
I welcome your feedback and suggestions on what we can do to improve Anisha Impex Limited as a company.
Feel free to send me your thoughts and comments at firstname.lastname@example.org,email@example.com.
Sunil Kumar Malik
159, Gagan Vihar,