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Aadi Industries Ltd.

BSE: 530027 Sector: Industrials
NSE: N.A. ISIN Code: INE563D01013
BSE LIVE 11:15 | 05 Dec 1.45 0
(0.00%)
OPEN

1.45

HIGH

1.45

LOW

1.45

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1.45
PREVIOUS CLOSE 1.45
VOLUME 200
52-Week high 3.17
52-Week low 1.11
P/E
Mkt Cap.(Rs cr) 1.45
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.45
CLOSE 1.45
VOLUME 200
52-Week high 3.17
52-Week low 1.11
P/E
Mkt Cap.(Rs cr) 1.45
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Aadi Industries Ltd. (AADIINDUSTRIES) - Chairman Speech

Company chairman speech

AADI INDUSTRIES LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT Ladies and Gentlemen, It gives me immense pleasure to welcome you all to the 15th Annual General Meeting of the Company. Financial Year 2008-09 has been the first full year of operations of the Company since its takenover by the present management in November 2007. The year has been full of challenges, difficulties and accomplishments, promising better operational performance and profit- earnings during the years to come. Global Economic Scenario: The global economy is struggling to wriggle out of the recessionary forces as evident today. No part of the world is left unaffected by this turmoil, including our national economy which too had to face the tremors resulting from the sub-prime saga. But as rightly said, dawn follows dusk. Considering the latest trends of various parameters, we as a nation are well on the road to economic revival and apparently, have overcome the after effects of the global economic turmoil. The overall business confidence rate is gradually picking up, providing enough symptoms of sustained economic stability and growth being achieved sooner than was expected. Plastic Industry Scenario: The global demand for plastics since 1990 has grown at an average of 5.5 percent annually. The global consumption reached about 200 million tons during 2008, with per capita consumption levels of 30 kilograms. This sector is expected to grow at about 5 percent annually up to 2015, with the highest growth rates in Asia. Rapid urbanization and growth in retail business in populous countries like India will result in high growth performance for the plastic sector. Company Performance: Your Company was exposed to the usual problems related to infancy, the financial year just gone by being its first full year of operations. In spite of nagging difficulties related to liquidity shortage, delay in arrangement for requisite government and local authority approvals, delay in sanction of power supply etc., the Company successfully completed the setting up and commissioning of its unit at Silvassa for manufacturing of Tarpaulins and Plastic Bags with an initial capacity of 24000 MT of Tarpaulins/Wagon Cover and 6000 MT of Shopping/Carry Bags per annum. The Company achieved a Turnover of Rs. 10.12 Croreand earned Profit of Rs.17.13 Lacs. Based on the unaudited Financial Results for the quarter ended June 30, 2009, the Company has achieved Turnover of Rs. 7.06 Crores and Net Profit of Rs. 22.37 Lacs. Based on these indications, we are reasonably optimistic of recording much better performance during the current year. We look forward to your continued support and trust in the new Board of Directors and in turn, we pledge our continued focus, integrity, highest level of corporate governance practices and unrelenting efforts to put the Company on the growth trajectory and achieve sustained better operational results and returns. Thank you Rushabh Shah Chairman

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