BRAWN PHARMACEUTICALS LIMITED
ANNUAL REPORT 2008-2009
lextend hearty welcome to you on the eve of the Annual General Meeting of
At the very outset, I would like to share with all of you my deep sense of
satisfaction over the sterling results achieved by your Company. I am
extremely happy to report to you that despite, all. adverse and challenging
circumstances, your Company has fared very well during this year. Your
company is trying to reduce the debt, increase the profitability and
significantly improve the networth.
The year 2008-09 has been odd year globally for number of significant
reasons. Meltdown of major economies, world wide recession, liquidity
crunch, de-growth in GDPs, unprecedented jobs cuts, near bankruptcy
situation for many corporate giants of the developed countries and
increased threat of terrorism than ever.before impacted the lives of human
India was not immune to these events. However, Indian financial and banking
sector was stable and timely economic stimulants implemented by the
Government brought stability. Further boost was received by peoples mandate
to a stable Government at the centre. Opening up of financial and insurance
sectors to foreign ,investors and thrust given to the growth has helped the
country in maintaining sustained growth and thereby boosting up investor's
confidence in the Indian economy.
While all these events happening around the world, no exception to our
country, your Company has recorded an unprecedented growth in income from
operations and recorded increase in profits before tax to Rs. 41.41 Lacs.
Revenues for the year at Rs. 409.94 lacs were higher by 442.41 % compared
to the previous year.
This was achieved through an increased focus on securing profitable jobs
and implementing a sustained efficiency program across the enterprise ,
which includes working towards improving cash collection, controlling,
expenditure and optimizing its resources wherever possible. These
initiatives are showing visible success in all major financial indicators
of your Company's results for the year.
In view of the increasing profits , your company need to vipe off its
losses accumulated over the years & thus is unable to distribute any
dividends. Still, we hope that if the progress goes on like this, we will
be distributing dividends soon.
I am please to inform that the Bombay Stock Exchange has revoked the,
suspension of trading on the equity shares of the Company with effect from
29th May 2009. Thus the trading of the shares of the Company has started on
Bombay Stock Exchange. Soon the Delhi Stock Exchange is also starting its
Online `trading Platform facilitating trading on the equity share of the
Company at the DSE's trading terminals across the country.
Finally, I wish to record my sincere thanks to Brawn Group for their
unstinted support and contribution in turnaround of your Company. I also
wish to place on record thanks to my colleagues on the Board, shareholders,
suppliers, customers, bankers and employees at all levels for their
B. R. Gupta