You are here » Home » Companies » Company Overview » Alps Industries Ltd

Alps Industries Ltd.

BSE: 530715 Sector: Industrials
NSE: ALPSINDUS ISIN Code: INE093B01015
BSE LIVE 09:27 | 09 Dec 8.65 0.15
(1.76%)
OPEN

8.75

HIGH

9.10

LOW

8.65

NSE LIVE 09:42 | 09 Dec 8.60 0.15
(1.78%)
OPEN

8.65

HIGH

8.75

LOW

8.40

OPEN 8.75
PREVIOUS CLOSE 8.50
VOLUME 2500
52-Week high 9.10
52-Week low 3.70
P/E
Mkt Cap.(Rs cr) 33.83
Buy Price 8.40
Buy Qty 685.00
Sell Price 8.75
Sell Qty 2000.00
OPEN 8.75
CLOSE 8.50
VOLUME 2500
52-Week high 9.10
52-Week low 3.70
P/E
Mkt Cap.(Rs cr) 33.83
Buy Price 8.40
Buy Qty 685.00
Sell Price 8.75
Sell Qty 2000.00

Alps Industries Ltd. (ALPSINDUS) - Chairman Speech

Company chairman speech

Annual Report 1999-2000 ALPS INDUSTRIES LIMITED CHAIRMAN'S STATEMENT For all of us in India, the last decade has brought both good news and bad news. The bad news has to do with the destructive consequences of mankind's relentless, unthinking assault on the environment. The other day I came across a headline that stopped me in my tracks. It said, "From Haryana to Hawaii, Global Warming Disrupts Weather." The rest of the article painted a frightening picture of what it called the "shadow of drought" looming over not just India but over the United States, Australia, Canada and the Middle East. The drought, the article argued, is a direct catastrophic consequence of a short sighted, uncaring attitude towards the environment. In a scenario such as this, it seems to me that corporate houses have a clear cut responsibility: they need to take the lead in creating eco-friendly products and systems, so that the environment that sustains us all is in turn sustained by us. The good news has to do with the momentous shift in the economic policies of the country. With the opening up of the market, Indian economy has become a part of the global economy. This has brought about profound changes in our life-style, with technological innovations shaping us and our world in remarkable new ways. Naturally, the fashion world has not been unaffected by the spirit of the times. Old certainties have lost ground in the face of innovations and experiments. Change has become the rule rather than the exception. The end result is that the Indian consumer, always a value seeker, has now a much larger choice - and it is obvious that only brands that are tailored to "value delivery proposition" will survive in the long run. The year which saw the dawn of the new millennium has been a momentous one for us as well. Your Company was in an ideal position to take full advantage of emerging trends. As you know environmental care has been our core value all along. It has shaped our decision at every step. Today, our ongoing eco-initiatives have won us the trust of environment conscious consumers, ensuring for us a very healthy growth rate. Also, believing as we do in setting trends rather than following them, we were able to take full advantage of favorable factors like the liberalized foreign policy and a stable Government at the centre. The turn over of the Company has increased by more than 26% for the year ended March 2000 in comparison with the same period in the last financial year. TRIUMPHANT OPERATIONS In the past year our brands have not only consolidated their leading positions in the domestic market, but have also established themselves in the international market. Our products, comprising of venetian blinds, vertical blinds. awnings, drapery rods, window accessories and aluminum false ceilings continue to enjoy market leadership. The laminate wooden flooring, launched in the domestic market and Pashmina shawls launched in the USA and Europe under the brand name of Eco - Pashmina have been very well received by the discerning consumers. Our home furnishings, bed linen and upholstery fabrics marketed under the brand name Vista Home Fashions are doing exceptionally well in the domestic market, as also in the Middle East where the brand has been launched recently. Our eco-initiatives have made our exports grow by leaps and bounds. TRIUMPHANT INITIATIVES We are in the fashion Industry and our main strength lies in the fact that instead of following trends we set them. Additional uses for natural dyes are being constantly researched. Your Company is already at an advanced stage of talks with Coir Board for application of these dyes in coir mattresses; also with National Chemicals Laboratory for their application in pharmaceutical products. Other dynamic initiatives include the setting up of additional capacity for the manufacture of dyed cotton fibre made from our natural dyes. Investments have also been made in two units manufacturing printed and processed fabrics. This will help ensure complete in-house control over both supplies and quality. Operations are expected to commence in May - June 2000. You'll be happy to learn that the work on the ambitious Vertical Portal is progressing smoothly and we expect to go live later this year. The Portal will comprehensively cover the interiors industry. CORE COMMITMENT I have no hesitation in asserting that our success is rooted in the eco- friendly policies that your Company has consistently followed. Our total and sincere commitment to this core value has been appreciated by the increasingly environment conscious customers. In the final analysis it is their trust and faith that has served as a never ending source of inspiration for us. Today, your Company is probably the only one in the country with a fully integrated unit that not only produces natural dyes, but also dyes cotton fibres, spins them into yarns and eventually converts the woven fabrics to finished home-furnishings, all under one roof. Your Company has also launched a Rs. 4.25 crore research project on extraction, purification and standardization of natural dyes. We will continue with our intensive research in the field of eco-friendly natural dyes. We also intend taking out as many patents as possible. Internally, your Company hopes to achieve a major breakthrough in dyes later in the year which could give us a quantum jump. TRIUMPHANT MOMENTS The year also saw your Company winning international recognition for putting into place processes and systems which will ensure that our future will continue to be as bright and as illustrious as has been our past. I am happy to tell you that this year we were awarded the KPMG ISO 14001 for implementing the Environment Management System. We were also found to be ISO 9002 compliant for maintaining highest possible standards not just in quality, but also in plant maintenance, in resource utilization and in human resource management. RICHLY HUMAN At the end, it remains for me to acknowledge that it is only the "togetherness" of our people that has fuelled our remarkable growth. On behalf of the board, I take this opportunity to thank all our staff for their commitment and enterprise. I would also like to thank our customers, principals and all of you for your invaluable support. I would also like to extend my gratitude to the financial institutions & banks, business collaborators and various government agencies for their support. Very specially, I would like to thank IIT, New Delhi and also Technology Information Forecasting & Assessment Council (TIFAC), Department of Science & Technology, Government of India, for giving us the rare honor of officially classifying our Company's self-sustaining, eco-friendly project as a subject of national interest. K.K. Agarwal Chairman and Managing Director

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard