It gives me immense pleasure in communicating with you for the Annual General Meetingand sharing the Annual Report of your company for the year ended 31st march 2016. I wouldlike to take this opportunity on behalf of everyone at OK Play India Ltd to express mydeepest appreciation to our customers employees investors and partners who have believedin us and supported us over the past year.
The year under review has been the one in which your company has passed through avolatile time but we have come out unscathed and have become healthier stronger and moreconfident and have made great progress in our strategic development.
I repeat what I said on the occasion of our last Annual Report that your company hassuccessfully designed and developed a plastic bodied E Rickshaw as per governmentspecifications and which has been approved by Government of India. Now your company hasbeen successful in receiving approvals from most of the State Transport Authorities forplying and sale of your company's E-Rickshaw in the brand name of "eRaaja". Thestrategic manufacturing and distribution model with which your company has successfullyembarked in the sale of "eRaaja" is receiving rave reviews.
Your company has not stopped the buck with the launch of "eRaaja". Yourcompany is continuously in the R & D mode and has developed a plastic body version ofbattery operated loader for which innumerable queries are pouring in. Further your companyis in the process of developing new variants for passenger as well as cargo vehicles.
In the Automobile Sector implementation of Bharat IV emission norms have been deferredtill March 2017 because of this your company's Auto division could not produce the desiredresults. However now the company is confident that with the strategic innovations inplastic fuel tanks being supplied to the Automobile Industry your company will get a bigboost in the coming year.
Your Toys and OPE division has already started looking at far horizons. Your company isin talks with buyers abroad for sale of your company's product which are manufacturedunder customized orders.
Our biggest challenge is not our competition but our ability to grasp the future andmanage ourselves. With our ambitious vision and unique strategies we need professionalattitude from all It's been a big year with considerable progress having been made - butthe race isfar from over. It feels like it's been a long time coming but there are goodearly signs that our products are being accepted in all the markets.
We expect to see further validation and growth in the financial Year 2016-17.
Despite having to face stiff headwinds through the year I must compliment the attitudeand determination shown by the employees of your company to collectively withstand theturbulences during the year. I would also like to place on record my deep appreciation forthe support and loyalty of your company's extended family of customers dealers supplierpartners and Bankers and look forward to their continuing association in the years ahead.
With best wishes Sincerely
Justice (Retd) T.R. Handa
Chairman & Whole time Director