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Calcom Vision Ltd.

BSE: 517236 Sector: Consumer
NSE: N.A. ISIN Code: INE216C01010
BSE LIVE 09:36 | 29 Mar 5.09 0.24
(4.95%)
OPEN

5.09

HIGH

5.09

LOW

5.09

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 5.09
PREVIOUS CLOSE 4.85
VOLUME 1000
52-Week high 5.75
52-Week low 2.25
P/E 5.59
Mkt Cap.(Rs cr) 2.89
Buy Price 5.09
Buy Qty 1000.00
Sell Price 0.00
Sell Qty 0.00
OPEN 5.09
CLOSE 4.85
VOLUME 1000
52-Week high 5.75
52-Week low 2.25
P/E 5.59
Mkt Cap.(Rs cr) 2.89
Buy Price 5.09
Buy Qty 1000.00
Sell Price 0.00
Sell Qty 0.00

Calcom Vision Ltd. (CALCOMVISION) - Chairman Speech

Company chairman speech

CALCOM VISION LIMITED ANNUAL REPORT 2000-2001 CHAIRMAN'S MESSAGE It gives me no pleasure to mention that there has not only been decline in the turnover of the Company by 20% but the Company has also gone into losses. There has been intense competition, which has not only resulted in reducing the sales but also resulted in price reduction of T.V. sets. The Company had to bear the burden of reduction of price on one hand and on the other hand the increase of cost of raw material, sales tax and the introduction of excise duty on B&W T.V. sets. The entire burden could not be passed on to our customers thereby leaving practically no margin on sale of B&W T.V. sets. Our customers have also been badly hit by the stiff market conditions and have resorted to frequent price cutting to maintain their market share. There has been an overall decline in the Black & White TV market which has resulted in drop of sales from 5.5 million to 4.25 million sets. We have thus increased our emphasis on the Colour T.V. sales and launched few new products during the year so as to have more range of product to offer to our customers. We have launched different models of state of art Power Inverter and tie up arrangement are being made to sell them as an OEM supplier. We are hopeful of increasing our turnover by this new range of products. The Company is also making serious efforts in the area of reduction of cost in all area of operation. I can assure you that your Company's management is striving hard and taking all necessary measures to ensure a better performance and the results are already visible form the results of first quarter, there has been an increase in turnover by 69% over the previous year first quarter and the Company has made cash profits. I am sure that your Company will come out of these difficult times and will live upto your expectation. S.K. MALIK CHAIRMAN