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Commercial Syn Bags Ltd.

BSE: 539986 Sector: Industrials
NSE: N.A. ISIN Code: INE073V01015
BSE LIVE 10:19 | 23 Mar 53.40 -0.60
(-1.11%)
OPEN

52.25

HIGH

53.40

LOW

52.25

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 52.25
PREVIOUS CLOSE 54.00
VOLUME 6000
52-Week high 79.50
52-Week low 28.80
P/E 10.64
Mkt Cap.(Rs cr) 63.12
Buy Price 50.50
Buy Qty 3000.00
Sell Price 56.00
Sell Qty 3000.00
OPEN 52.25
CLOSE 54.00
VOLUME 6000
52-Week high 79.50
52-Week low 28.80
P/E 10.64
Mkt Cap.(Rs cr) 63.12
Buy Price 50.50
Buy Qty 3000.00
Sell Price 56.00
Sell Qty 3000.00

Commercial Syn Bags Ltd. (COMMERLSYNBAGS) - Chairman Speech

Company chairman speech

Dear Shareholders

It is indeed my privilege to present the Annual Report of your Company for theFinancial Year ended 31st March 2016. The last financial year was significantfrom a global local and a company specific perspective. This year marks as a year oftransformation for the Company as we have initiated the process of Initial Public Offeringand I personally feel that one of our dreams came true as we are now the member of India'smost recognized stock exchange.

This is the first Annual General Meeting of the Company after the initial publicoffering and listing of Company's shares on BSE SME platform. Your Company is the firstmanufacturing Company from Indore to get listed. I am happy to share that your company'sIPO was able to change the myth that SME IPOs do not witness large retail or HNIsubscriptions. I would like to place on record my heartfelt thanks to all the investorsfor showing trust and confidence in the Company and its Management.

Your company recorded a stellar performance for this financial year with the growth inrevenues and profits. The export continues to contribute more than 75% of the turnover andour customer base is spread in all the continents except Antarctica. We have also addedflexible packaging to our product portfolio to cater the need of packaging industries andthus we are now in position to offer complete packaging solutions to our customers. We areselling our product Tarpaulin to State Governments Public Sector Undertakings and localmarket with brand name "TIGER" and have BIS certification. We are constantlyexpanding our production capacity and in this line we are planning to expand our businessoperations at SEZ Pithampur by setting up of complete manufacturing facilities for FoodGrade/ Pharma Grade Bags and FIBC. This expansion will add 3400 MT per annum to ourexisting capacity.

We are committed to exceptional standards of productivity quality and willingness toembrace new ideas and learn continuously. We believe in ethical corporate behaviourtowards everyone we work with the communities we touch and the environment on which wehave an impact. The principal "to weave strength thread by thread for a betterworld" inspires the company to produce the best of our products.

The road ahead is filled with so many challenges as well as opportunities and we areready to face all the challenges from Market and to grab the opportunities in the bestinterest of your Company.

At the close I would like to thank the entire team at COMSYN for an outstanding yearwhich is reflective of their efforts dedication and commitment to success.

I would like to place on record my sincere appreciation to the Board of Directors fortheir guidance. I would like to express my gratitude to all our stakeholders for theircontinuing faith in the Company and I look forward for their support trust andconfidence.

With best wishes Sincerely

Anil Choudhary

Chairman & Managing Director