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Pacific Industries Ltd.

BSE: 523483 Sector: Others
NSE: PACIFICIND ISIN Code: INE883C01025
BSE LIVE 15:40 | 17 Aug 148.00 148.00
(%)
OPEN

159.85

HIGH

159.85

LOW

130.40

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 159.85
PREVIOUS CLOSE 0.00
VOLUME 69
52-Week high 170.00
52-Week low 110.00
P/E 101.37
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 159.85
CLOSE 0.00
VOLUME 69
52-Week high 170.00
52-Week low 110.00
P/E 101.37
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Pacific Industries Ltd. (PACIFICIND) - Chairman Speech

Company chairman speech

PACIFIC INDUSTRIES LIMITED ANNUAL REPORT 2010-2011 CHAIRMAN'S REPORT Dear Shareholders, My warm greetings to all of you. Global economy witnessed its own challenges in the year 2011 due to various macroeconomic environment factors. The economy in fact has shown signs of recovery from the unprecedented financial crisis and the recovery is likely to mature over the coming years. The performance of your company is reflective of the sustained investment and development efforts we have put in over a period of time. We are proud to be regarded as one of the biggest quarry owners and processors of Granite of various types in India. Your Company's brand name 'Pacific' is highly respected in the markets and it has build sound reputation in supplying high quality material around the world. We have worked hard to ensure that our brand stands for quality and value and represents collective teamwork of our employees. Our growth strategy has been consistent through this period. Absolute sense of providing satisfaction to our customers is our soul motto. We consciously execute our commitments towards our customers keeping in mind their sensitivity and response towards our products and dealings. In all our business commitments, we invariably stick to our Shipment Schedules. This strict and punctual delivery system has earned us appreciation and admiration off and on. We have more often been applauded and rewarded for this by our esteemed customers. In this challenging environment, your Company achieved an overall growth during the year 2010-11 in which turnover of your Company was 6077.34 lakh as compared to 6726.49 lakh for the last year 2009-10. The PAT was Rs.353.55 lakh as compared to Rs. 798.21 lakh for the last year 2009-10 which was mainly due to increase in Material & Power cost. Your Company is committed to maintain the brand image it has gained over a period of time and it has posed a great responsibility on the Board. Over the years your Company has developed a strong and persistent work culture to operate successfully in diverse business environment by adapting ourselves to new technologies and complexities in different spheres of our work. In conclusion, I wish to reiterate that we are committed to remain competitive, profitable and to achieve sustainable growth. We also believe that the significant longer term opportunity in India will result in a substantial step-up in competitive intensity. Your Company's continued efforts in reducing its cost base has helped to keep moving forward with agility and dynamism. It is obviously one of the most significant factors which motivate your Company to establish a long lasting link and bond with our customers. I take this opportunity to thank you for your continued support and look forward to the same in the future. Sd/- (J.P. Agarwal) Chairman & Managing Director Place: Udaipur Dated: 27.08.2011.