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Vibrant Global Capital Ltd.

BSE: 538732 | NSE: | Series: | ISIN: INE761Q01015 | SECTOR: Finance - Investments

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Vibrant Global Capital is not listed on NSE

Annual Report

For Year :
2018 2016 2015

Chairman's Speech

Dear Shareholders,

Fiscal 2018 was a year in which we further consolidated our long term strategy of enhancing focus on the selected growth of our addressed markets. We successfully reinforced the foundations towards becoming an investment-led and niche investor. Although the Company has witnessed a decrease in the revenue due to an insalubrious economy dealing with the impact of demonetisation, however we continued to make significant efforts to strengthen our performance.

Performance of the Company

Our Company got made a transition from BSE SME listing to BSE main board listing on 23 February 2018.

On Standalone Business:

Our Net profit after tax for the fiscal year 2017-18 was INR 48.77 Lakhs as compared to INR 204.10 Lakhs in previous fiscal year. The Company made total revenue of INR 848.49 Lakhs for the fiscal year 2017-18 as compared to INR 1,926.04 Lakhs in previous fiscal year.

The aggregate market value of Investment made by the Company in listed equities increased to INR 4,581.46 Lakhs during current Financial year 2017-18, as compared to INR 2,814.50 Lakhs during previous year FY 2016-17, indicating an increase of 61.43%.

On Consolidated Business:

The Company incurred a Net Loss after tax of INR 55.52 Lakhs for the fiscal year 2017-18 as compared to the profit of INR 98.50 Lakhs for the previous fiscal year. The Company also saw a decline in the total revenue to INR 31,431.60 Lakhs for the fiscal year 2018, as compared to INR 36,707.13 Lakhs in previous fiscal year.

The Company has reduced its unsecured loans by INR 475 lakhs (Standalone) with an intention of making the Company and group companies debt-free.

Investment

Investments that are being made by the Company in liquid stocks remain to be high pedigree growth stocks considering factors such as low debt, dividend track records, high promoter ownership, industry leadership, credit rating, long term track record, capacity utilization and above all undervalued and undiscovered. The Company has built-up Investments on long-term basis under professional guidance.

The Company has invested in unlisted equity in Tapadia Polyesters Private Limited, which has significantly shown its positive turnaround. The Company is exploring other opportunities for growth.

The Company is seeking further investment in Vibrant Global Salt Private Limited (“VGSPL”), subsidiary company. The Company has also received an in - principle approval from the Board for further investment in VGSPL. As result of this Investment, VGSPL will become a wholly owned subsidiary of your Company.

Looking ahead with confidence

We enter FY 2019 with a confident spring in our step. At a macro level, the shift from physical savings to financial savings in India argues well for businesses. The government continues to drive the right initiatives in the investment part. FIIs made a comeback with strong net inflows, after a temporary exodus during the demonetization phase. Even domestic investors have shown continued interest through the equity mutual fund route.

The revival of the IPO market should only bring more quality companies into the listed space. As these broader trends translated into business opportunities, our investments into critical areas give us the ability to capture these opportunities as they in fold further.

Compared to our last round, on this occasion, growth will be on a banking platform with fund-raising capabilities, favourable macroeconomic conditions and an evolved and already profitable model that has been honed over the years. We have a growing ecosystem, a fast-growing economy, a transformative government, and a supportive regulator.

I believe everything is achievable with the right spirit, hard work, energy, commitment, honesty, the right platform and the right strategy.

If there is one thing I would like you to be swayed by, it is the incredible opportunities ahead. Growth is life, and with growth, everyone will have great opportunities. You have been wonderful partners in this progress and have worked night and day since its start-up stage. It is not the time to be concerned; instead, it is the time to be more motivated.

To my colleague Directors, I express my thanks to you for your constant guidance and encouragement. Thank you, shareholders, for your unstinted support over the years.

With best wishes.

Vinod Garg

Chairman and Managing Director