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Bartronics India Ltd.

BSE: 532694 Sector: IT
NSE: BARTRONICS ISIN Code: INE855F01034
BSE LIVE 15:28 | 08 Dec 18.05 1.60
(9.73%)
OPEN

16.80

HIGH

18.05

LOW

16.80

NSE LIVE 15:48 | 08 Dec 18.15 1.65
(10.00%)
OPEN

16.75

HIGH

18.15

LOW

16.75

OPEN 16.80
PREVIOUS CLOSE 16.45
VOLUME 90347
52-Week high 20.40
52-Week low 7.50
P/E
Mkt Cap.(Rs cr) 61.46
Buy Price 18.05
Buy Qty 112811.00
Sell Price 0.00
Sell Qty 0.00
OPEN 16.80
CLOSE 16.45
VOLUME 90347
52-Week high 20.40
52-Week low 7.50
P/E
Mkt Cap.(Rs cr) 61.46
Buy Price 18.05
Buy Qty 112811.00
Sell Price 0.00
Sell Qty 0.00

Bartronics India Ltd. (BARTRONICS) - Chairman Speech

Company chairman speech

BARTRONICS INDIA LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT Dear Shareholders, Good Morning Dear Shareowners, It gives me great pleasure in welcoming you all to the 18th Annual General Meeting of your Company and I thank you all for your gracious presence. It's my privilege to address this august gathering and to share my views on the AIDC industry with you and to discuss the performance of your Company. The Director's report, Auditors report and Audited Accounts with notes thereon are with you for some time, I request your kind permission to take them as read. The year 2008-09 has been an eventful year characterized by a lot of apprehension. The Financial crisis of 2008 became a global phenomenon. Economic activities in the developing and the developed countries fell down alike and that too abruptly. Indian Companies have also been adversely affected by the economic slowdown across industries and the revenues as well as the profits have come down. Despite this your company has performed fairly well for the last financial year. Financial: * Revenue growth of 103.88% * EBITDA growth of over 145.15% * PBT growth of over 66% * PAT growth of over 46.99% Customers, Expansion and Growth: * The Company has been successful in getting big orders from some industry leaders during the year. These will have a positive impact on the performance of the company moving forward. * The Company has expanded its operations globally through its subsidiary companies in USA and Singapore. * The industry continues to grow between 25% and 80% CAGR in the various segments that your company operates in. As you would observe it was a year of progress on all the perspectives and we plan to build upon these successes. This in turn has provided us with multiyear relationships with our clients enabling planned sustainable growth for years to come. Future Prospects: As mentioned earlier, the industry, though growing is at a threshold with the impact of global slowdown on one side and imminent recovery on the other. We believe that once the impact of the economic recovery starts becoming being felt, your company would be in an envious position to exploit the emerging opportunities. Your company fortunately has the right combination of adequate infrastructure, aggressive manpower, a clear vision and understanding which has been built up over the last few years. Given this scenario, it should not be a surprise that Bartronics can look forward to an aggressive growth phase moving ahead. Time and again, the management has shared the future growth plans with you and the media in a transparent manner. For the current year, the outlook is cautious vis-a-vis the performance projections that we have made earlier. From the financial year 2010-11, your company will start getting the real benefits of the current investments. Human Resources: Bartronics, today is a `Vibrant Company' due to the relentless efforts, zeal, dedication, motivation and exemplary team work at all levels of Company's Management & Staff. It has been our continuous endeavour to enhance the skills of employees as we consider our Human Resource to be the most precious resource among all our tangible resources. Apart from a regular training regime which focuses on skill up-gradation on a continuous basis, the company is investing in other HR programmes like Team Building, Customer Service, Communication etc. which are now becoming vital for most of the team members who are increasingly becoming customer facing. In line with the business growth, your company has also gradually streamlined its manpower base with increased manpower deployment over the past one year in overseas markets. As a company, we have also successfully completed the integration process across various business entities of the company. As a result, across the globe, Bartronics employees display the same level of customer focus and emphasis on right solutions to each and every situation that they face. As a fall out, your company is experiencing a strong sales pipeline build up in each of the markets that we now serve and over a period of time we believe that we will be able to develop similar levels of customer loyalty and enjoy a similar premium as we do amongst our customers in India. Directors: The affairs of your Company are being looked after by a professional Board of Directors. The Board of Directors of your Company consists of appropriate mix of Independent, Executive and non executive Promoter Directors. All the Directors of your Company are well qualified and experienced with varied core competencies. Corporate Governance: Your Company's philosophy on Corporate Governance envisages attainment of the highest levels of transparency and accountability in all facets of its operations and in its interaction with all including Clients, Employees, Promoters, Stakeholders and Government. Your Company has been practicing the principles of good corporate governance over the years with the aim of enhancing long-term shareholder value and protecting the interests of other shareholders in line with international best practices. In fact our compliance practices transcend the principles laid down by Statute and the Regulatory Authorities. With the induction of our new auditors M/s Deloitte, who are assisting us in streamlining various processes and control systems, we believe our record keeping would match the best in the world over a period of time. Dividend: Considering that the company is sitting on a threshold of an exciting future, the Board has recommended a dividend of Re. 1/- per Equity Share of the Nominal Value of Rs. 10/- each to the shareholders of the company. This is the maiden dividend for your company and the management hopes that the increased levels of future performance in turn will result in more returns to the shareholders of the company. Acknowledgement: Your Company owes its sustained performance to all those who worked for it with great dedication and sacrifice. Your Company is privileged to have a Board of Directors comprising men of eminence with vast experience and wisdom. I would like to place on record my sincere thanks to all the members of the Board for their wise counsel and assistance. My thanks are also due to the shareholders of the Company, our valuable customers, well wishers, executives, officers and employees in the Company for their continued support and valuable patronage extended to the Company. I am also grateful to the many Governmental and other institutional agencies including RBI, Stock Exchanges, Company's Bankers, Auditors' etc for their valuable support. The last but not the least I profusely thank for the co-operation extended by SEBI, Stock Exchanges, and our Registrars and Share Transfer Agents for their support and services. SUDHIR RAO Managing Director & Chairman of the Meeting

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