1. Ladies & Gentlemen
It gives me great pleasure in welcoming all of you to the 16th AnnualGeneral Meeting of your Company. The Annual Report for the year ended 31st March 2016 hasbeen 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 underreview
Your Company delivered another year of strong financial performance with compare tofinancial year 2014-15.Your Company earned profit after tax of Rs.8.98 lacs duringfinancial year 2015-16.
The Company was not doing well in Financial Year 2015-16 comparable financial year2014-15 But future we sure that Company will grow fastly. Now we should be able to posteven better results next year as we are all set to strongly focus on taking our businessto higher levels of operational excellence and growth. This gives me the confidence to saythat with God's blessings team's hard work and your support; we shall be able to reportstellar results for the next year.
Indias textiles sector is one of the oldest industries in Indian economy datingback several centuries. Even today textiles sector is one of the largest contributors toIndias exports with approximately 11 per cent of total exports. The textilesindustry is also labour intensive and is one of the largest employers. The industryrealized export earnings worth US$ 41.4 billion in 2014-15 a growth of 5.4 per cent. Thetextile industry has two broad segments. First the unorganized sector consists ofhandloom handicrafts and sericulture which are operated on a small scale and throughtraditional tools and methods.
The second is the organized sector consisting of spinning apparel and garments segmentwhich apply modern machinery and techniques such as economies of scale. The textileindustry employs about 40 million workers and 60 million indirectly. India's overalltextile exports during FY 2015-16 stood at US$ 40 billion.
The Indian textiles industry currently estimated at around US$ 108 billion isexpected to reach US$ 223 billion by 2021. The industry is the second largest employerafter agriculture providing employment to over 45 million people directly and 60 millionpeople indirectly. The Indian Textile Industry contributes approximately 5 per cent toIndias Gross Domestic Product (GDP) and 14 per cent to overall Index of IndustrialProduction (IIP).
The Indian textile industry has the potential to reach US$ 500 billion in size. Thegrowth implies domestic sales to rise to US$ 315 billion from currently US$ 68 billion. Atthe same time exports are implied to increase to US$ 185 billion from approximately US$41 billion currently.
4. Corporate Social Responsibility
Company's approach to social responsibility extends well beyond business and financialconsiderations. The Company has been set up to create economic and social opportunitiesfor those at the bottom of the pyramid and particularly aims to create awareness amongwomen 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 tofocus on enhancing the knowledge base through Learning & Development initiatives andare working on strengthening the management bandwidth. I am also pleased to inform youthat industrial relations at all units were cordial during the year under review and onbehalf of your Directors; I acknowledge the co-operation and contribution of the entireworkforce.
On behalf of the Board of Directors and the Management I would like to place on recordyour Companys sincere appreciation of the support extended by the Central &State Government and their agencies term lenders & working capital bankers and thecontinuing patronage and support of all stakeholders.
I welcome your feedback and suggestions on what we can do to improve Anisha ImpexLimited as a company.
Feel free to send me your thoughts and comments email@example.com@anishaimpex.com.
|Warm Regards |
|Sunil Kumar Malik |
|Managing Director |
|Din: 00143453 |
|159 Gagan Vihar |
|New Delhi |