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Radha Madhav Corporation Ltd.

BSE: 532692 Sector: Industrials
NSE: RMCL ISIN Code: INE172H01014
BSE LIVE 15:44 | 08 Dec 28.10 -0.05
(-0.18%)
OPEN

28.45

HIGH

29.20

LOW

27.95

NSE 15:51 | 08 Dec 28.10 -0.05
(-0.18%)
OPEN

28.05

HIGH

30.00

LOW

27.60

OPEN 28.45
PREVIOUS CLOSE 28.15
VOLUME 217719
52-Week high 41.10
52-Week low 16.70
P/E 112.40
Mkt Cap.(Rs cr) 186
Buy Price 0.00
Buy Qty 0.00
Sell Price 28.10
Sell Qty 250.00
OPEN 28.45
CLOSE 28.15
VOLUME 217719
52-Week high 41.10
52-Week low 16.70
P/E 112.40
Mkt Cap.(Rs cr) 186
Buy Price 0.00
Buy Qty 0.00
Sell Price 28.10
Sell Qty 250.00

Radha Madhav Corporation Ltd. (RMCL) - Chairman Speech

Company chairman speech

RADHA MADHAV CORPORATION LIMITED ANNUAL REPORT 2007-2008 CHAIRMAN'S REPORT The Chairman speaks 'An idea that is developed and put into action is more important than an idea that exists only as an idea.' - Lord Buddha. This quote, I believe, is what has been the essence behind the journey of this unforgettable year. It has been a year as we used implementation as the key to stay ahead in our business. This year your Company recorded a turnover of Rs. 163.95 Crore which was higher by 81% as compared to last year. There was increase in sales due to the production by new unit which was set-up by the Company in Daman. In this year your Company saw price of US$33/barrel in Ql and US$100/ barrel in Q4. As a reflection of the same, our operating profit was 24.66% in Ql which deteriorated to 14.69% in Q4. The year under review was a year of Project Implementation including Greenfield Uttaranchal Project and a Substantial expansion in Daman. Your Company is in active discussions with various overseas potential clients. Your Company is focussing specially on various markets in America, Europe and Middle East. Your Company will continue to thrive on the basis of its high end technologies, competencies to grow indigenous products of world class standards. We want our people to enjoy their work, be proud of their work while underlying their personal growth. We continue modernization and upgradation of our manufacturing process and product range. I believe Indian consumer is becoming more aware of safety and health need and is more discerning and demanding. The year 2007-08 also witnessed intensive efforts from the Management to strengthen the total workforce of the organization. We look forward to serious challenges in coming year and delivering improved result and growth., I am confident that the Company would meet those challenges with strength. I have no doubts about the great future which lies ahead for the Company and its shareholders. People who have not just invested money but faith as well in our success, we owe it to them and to ourselves to keep the momentum going. We aim not to restrict ourselves to only manufacturing of packaging products, but rather work towards developments of new products, their applications and provide holistic solutions in the arena of packaging. I conclude this note by taking opportunity to warmly thank our People, our Shareholders, our Board of Directors, Customer, Suppliers and Business Associates for their efforts, kind support and encouragement. Anil Agrawal Chairman