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E-Land Apparel Ltd.

BSE: 532820 Sector: Industrials
NSE: ELAND ISIN Code: INE311H01018
BSE LIVE 19:43 | 19 Oct 17.90 0.45
(2.58%)
OPEN

17.20

HIGH

18.40

LOW

17.20

NSE 19:31 | 19 Oct 17.80 0.45
(2.59%)
OPEN

17.60

HIGH

18.45

LOW

17.45

OPEN 17.20
PREVIOUS CLOSE 17.45
VOLUME 24046
52-Week high 33.30
52-Week low 13.50
P/E
Mkt Cap.(Rs cr) 86
Buy Price 0.00
Buy Qty 0.00
Sell Price 17.90
Sell Qty 1810.00
OPEN 17.20
CLOSE 17.45
VOLUME 24046
52-Week high 33.30
52-Week low 13.50
P/E
Mkt Cap.(Rs cr) 86
Buy Price 0.00
Buy Qty 0.00
Sell Price 17.90
Sell Qty 1810.00

E-Land Apparel Ltd. (ELAND) - Chairman Speech

Company chairman speech

MUDRA LIFESTYLE LIMITED ANNUAL REPORT 2010-2011 CHAIRMAN'S REPORT Mudra Lifestyle is an integrated textile Company being managed by a highly experienced management. Mudra has been working with renowned global textile players providing them quality products and timely delivery at competitive prices. M/s. E Land Group has acquired majority stake in your company. E Land group is a very renowned group of South Korea having annual turnover of more than 5 Billion US $ having their presence in Fashion, Retail, Leisure, Construction and Food sectors and this group is having more than 8500 stores worldwide. M/s. E land has big plans for your company which will make the products supply of Mudra Lifestyle enhanced and stabilized and so Mudra Lifestyle will get the benefit of huge institutional orders that the South Korea's largest integrated textile and branded apparel company enjoys. E Land Group will actively promote the operation and productivity of Mudra Life Style to transform into a global textile company. Our working experience with large global corporations, constant research in fabrics designs and proven efforts demonstrate the consistency in quality of our products. Mudra Lifestyle is a multi products, multi fiber and multi market players covering the entire textile value chain at length. With a target market that is a diverse mix of the domestic market, institutional sales, garment export trade and international market (exports) that ensure spread of risk and stability of earning. Over the last 12 months, we have focused on our business growth, stabilization of fabric and garment production and implementation of mega expansion project. I am happy to say that both phase of mega expansion were completed during the year. Full benefit of this will come in next financial year. During the year your Company added new Stenter and printing machine and has also added 470 stitching machines. However increase and very high price volatility in the raw material prices reflected in the performance of the Company in last two quarters and also in current year, we have to take into account the recent economic slowdown globally, unabated inflation and the sharp rise in interest and depreciation cost. Your Company is confident that with increased production from enhanced capacities in weaving and garmenting and value addition due to new capacity in processing, which is at par with any Indian Capacity and with entry of M/s. E land in your company, should be able to pass through this period. At Mudra, we have geared ourselves to contribute towards this challenge and take Indian Industry to an altogether new universe. I sincerely thank all our shareholders, employees and valued customers for sharing our vision and supporting us and foresee a continued support in our future endeavors in wrapping the universe in comfort and style. By order of the Board For Mudra Lifestyle Limited Place: Mumbai Murarilal Agarwal Date : 23rd August, 2011. Chairman and Managing Director