CHAIRMAN-CUM MANAGING DIRECTORs ADDRESS TO SHARE HOLDERS
Dear Share Holders
I once again would like to share the development and progress of the company with you.In my last year speech I was optimistic and expected major economic revival in 2014-15which would lead to revival of last economic growth coupled with GDP growth in India.However I am a bit disappointed that we could not give good response of ourselves to theeconomic revival that started with the inception of a New Central Government in India.
At the same time I do agree that due to severe competition from International Playersin Steel Sectors along with slow down in Power Sector the two major sources ofconsumption of our products our growth rate was slow and not at the expected level.
And regard to Machine Tool Manufacturing sector which remained static without anysubstantial growth we could not achieve any substantial improvement in sales even thoughthis is our company's bread and butter segment.
However with persistent effort and hard work of our workers staff and managers wecould achieve a reasonable growth and achieved sales figure of 29.82 crs in 2014-15 incomparison to Rs.25.49.00 crs achieved in 2013-14.
I am sure however that 2015-16 will be different and the team at Cenlub IndustriesLimited will perform to its full capacity and efficiency and achieve a very higher goalthat what we have achieved till date.
I whole heartedly thanks all our share holders the board members the employees havingfaith and patience and for their unstitching support to me as well as to the company.
I wish and request you all to continue in the same spirit in the future also which willbenefit Cenlub Industries Limited and help it achieve greater heights in the coming years.
With warm regards
Chairman Cum Managing Director