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Indo Count Industries Ltd.

BSE: 521016 Sector: Industrials
NSE: ICIL ISIN Code: INE483B01026
BSE LIVE 15:40 | 18 Aug 114.60 -1.20
(-1.04%)
OPEN

117.00

HIGH

117.10

LOW

112.65

NSE 15:59 | 18 Aug 114.40 -1.25
(-1.08%)
OPEN

116.85

HIGH

117.30

LOW

112.25

OPEN 117.00
PREVIOUS CLOSE 115.80
VOLUME 122679
52-Week high 209.90
52-Week low 107.35
P/E 11.32
Mkt Cap.(Rs cr) 2,262
Buy Price 0.00
Buy Qty 0.00
Sell Price 114.45
Sell Qty 200.00
OPEN 117.00
CLOSE 115.80
VOLUME 122679
52-Week high 209.90
52-Week low 107.35
P/E 11.32
Mkt Cap.(Rs cr) 2,262
Buy Price 0.00
Buy Qty 0.00
Sell Price 114.45
Sell Qty 200.00

Indo Count Industries Ltd. (ICIL) - Chairman Speech

Company chairman speech

EXECUTIVE CHAIRMAN’S MESSAGE

Dear Shareholders

It gives me immense pleasure to present to you another record performance on thefinancial front during fiscal ’16.

I am happy to share that despite the challenging gl obal environment your Company hasoutpaced the industry with a revenue of ' 2213 crores resulting in 24% growth duringfiscal ’16. Highest ever EBITDA and PAT have shown a remarkable growth of 51% and 82%respectively. The positive impact of the highest ever financial performance is reflectedin the gradual lowering of Debt.

Debt Equity ratio has reduced substantially from more than 5 at the en d of fiscal’12 to 0.1 at the end of March ’16 and the highest ever Earnings per Share of '67.04.

The Company declared Interim Dividend of 10% and Final Dividend of 10% has beenrecommended on equity shares of the Company. Total Dividend payout is 20%. The market capis around is around ' 3835 Crore.

This performance could not have been achieved without single minded FOCUS on bed linensolutions INNOVATION in product development and marketing and PERSEVERANCE in operationalefficiency.

I am happy to inform that towards development of long term succession plan the Boardapproved appointment of my son Mr. Mohit Anilkumar Jain as a Managing Director of theCompany for a period of 5 years w.e.f. 9th May 2016.

A New Confident Identity

Your Company has taken many strategic initiatives in fiscal ’16 to achieve itsvision of being one of the leading home textile company in the world and to deliver asustainable growth story for all its stakeholders and our vision is to become debt free.

Keeping in view its global ambition and reach your Company has revamped and launched anew branding and communication exercise. The new logo represents the strategic vision ofIndo Count a streamlined process of the development manufacture and performance of ourproducts. The new brand signature represents our brand promise - to bring COMPLETE COMFORTto the world. As we continue to expand into new strategic frontiers of the global beddingproducts space successfully this new brand identity and look would allow us to preciselyrepresent our brand promise to our global consumer base.

In order to meet the rapidly growing demand for high quality bed linen in India yourCompany has developed a detailed strategy for launch of their customised products to meetthe requirements of discerning consumers.

With the successful on - streaming of the augmented capacity we have also put intoaction a two-phase expansion plan to cater to the expected strong demand for home textileproducts. Phase 1 of ' 175 Crores is towards increasing processing capacity fromcurrent 68 million meters to 90 million meters setting up a state- of-the-art RO andwater effluent treatment plant automation of cut and sew and warehousing and Phase 2 of' 300 Crores is towards upgrading the existing spinning facilities Investments inadditional weaving (with specialized looms) and value added equipment for the delivery offashion and utility bedding.

The roadmap for the coming years looks promising as we venture into new segments offashion utility and institutional bedding. The revenue contribution from these newsegments has already touched 10% mark. To bolster your Company’s high-value bed linenproducts and channel portfolio three new lifestyle brands have been launched in the USmarket namely Boutique Living Revival and The Pure Collection with each one catering todistinct consumer segments.

Corporate Social Responsibility

As a responsible corporate your Company visualize its CSR to improve the quality ofthe life of the people living in the villages of rural India. To achieve this vision aseparate foundation i.e. Indo Count Foundation has been established.

Our social initiatives range from Education Healthcare Drinking Water and Sanitationto Woman Empowerment. In Fiscal ’16:

• Contributed to Prime Minister’s Relief Fund.

• We have initiated E-learning programme across 45 schools covering approximately16500 students with Wockhardt Foundation.

• Provided free medicine and health check-up through mobile medical vans in tie-upwith Wockhardt Foundation.

Our future programmes include village adoption etc.

Your Company is extremely concerned about shortage of water throughout the Country andwe are happy to inform that on the environmental front we commissioned an $8 million ROplant that resulted in the re-use of processed water and post-treatment water portability.This has resulted in saving of more than 200 MLD liters of water per year.

Accolades and Awards

You will be happy to know that your Company has in recognition of its achievementsreceived several accolades from leading institutions and media.

• Export Excellence Award in the Top Exporter - Non MSME Trading House Category byFIEO Western Region.

• Silver Trophy from TEXPROCIL for the 2nd highest exports of made- upsin Bed Line/Bed Sheets/Quilts under the category III for 2014-15.

• Among the Top 3 Bed sheet supplier and 11th Largest Homes Textilesupplier to USA. (Home & Textiles Today)

• Our Lead Bank Union Bank of India has recognized the Company as Most PromisingMSME.

• The Company is ranked 235 on net profit (D&B) India’s Top 500 Companies2016.

Credit Rating

CARE & ICRA have assigned credit rating of "A" and "A1" forCompany’s long term and short term bank facilities respectively.

Acknowledgments

All these could not have been achieved without whole-hearted support of loyal partnersoutstanding human capital and committed shareholders.

I thank all customers vendors bankers and employees of the Company for theirunstinted support. I take this opportunity to thank everyone who have contributed todeliver the stellar performance in fiscal ’16 and thank them for their belief.

Yours truly

Anil Kumar Jain