LETTER TO THE SHAREHOLDERS....
Alkesh Rameshchandra Patel Managing Director
With great pleasure I welcome you to the 10th Annual General Meeting of Your Company.
We have come along one more year of moving ahead in emerging opportunities in globaland domestic markets. Incorporated in 2007 the Company has come a long way of ten yearsfrom the year of Incorporation to successful completion of SME Listing of two years.
Today I am proud to be at the helms of the Company that is run by the team ofenthusiastic and dedicated employees who have led the Company to newer heightssuccessfully. In the year 2016-17 your company has crossed the turnover of Rs. 19.30Crores with appreciation of 73.43% and Profit before tax of Rs. 3.25 Crores withappreciation of 285% compared to previous year. The Earning per share is also increasedfrom Rs. 3.21 as against Rs. 0.84 from the previous financial year. Further the companyhas received various order from India and Outside India for supply of Vessels and otherEquipments. The years 2016-17 is one of great year of your Company with crossing the newtarget in terms of turnover and profit.
Additionally road ahead is filled with so many challenges as well as opportunities andwe are ready to face all the challenges from Market and to grab the opportunities in thebest interest of your Company.
To proceed the Board believes that the Company will need to follow a very sharpbusiness strategy so that it will possible for the Company to compete with others andfulfill the needs of the society. The endeavour of the Company's management is alwaysstriving towards the optimal results and strengthening the relationship with the society.With your support I am confident of leveraging opportunities and overcoming challenges toreport exciting success in the coming times as well.
At the close I would like to thank the entire team at Loyal Equipments Limited for anoutstanding year which is reflective of their efforts dedication and commitment tosuccess.
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.
Wish best wishes Sincerely
Alkesh Rameshchandra Patel
August 01 2017.