I would like to express my warm wishes to all the esteemed Shareholders of the Companyand it gives me pleasure to reach you through this Annual Report.
With the philosophy to preserve the ecological cycle in harmony with industrializationby way of effective utilization of renewable resources and producing useful recycledmaterials the Company is continuously moving towards achieving its goals. During thefinancial year 2015-16 the revenue from operations of the Company is improved by 71.67%and stood at Rs. 949.01 Lakhs in comparison to Rs. 552.79 Lakhs in the previousfinancial year 2014-15 and loss in the financial year 2015-16 is stood at Rs. 247.23Lakhs. Detailed financials of the Company is given under the financial segment of thisAnnual Report.
With the efforts of the Management during the year under review for reclaimed rubberdivision the Company has succeeded in supplying unparalleled quality products on regularbasis to many customers in various segments. The Company has established systems andpolicies of raw materials procurement production quality assurance sales and marketingfor systematically business development and growth. The Company has established qualitymanagement system in compliance with ISO 9000:2008 and environment management system incompliance with ISO 9001:2004 certified by TUV NORD. Further the Company is alsotargeting for OHSAS 18000 certification for its Health and Safety ManagementSystems.
The Company has developed its product line in a manner to meet quality stipulations asdirected under the REACH (Registration Evaluation Authorisation and Restriction ofChemicals) which is a pre-requisite to effect supplies to European and to many domesticcustomers who are in turn supplying their end products to European markets. With this theCompany gradually and steadily marching ahead to be an approved and preferred vendor forleading players in automotive tyres conveyor belts and transmission belts industries etc.
The Central Government has taken measures which are aimed to improve thecompetitiveness and capabilities of domestic firms and promoting structuraltransformation. To foster entrepreneurship in the country Central Government has takeninitiatives like "Make in India" a major national initiative designed tofacilitate investment; foster innovation; enhance skill development; protect intellectualproperty and build best-in-class manufacturing infrastructure "Start-up India"an initiative aims at fostering entrepreneurship and promoting innovation by creating anecosystem that is conducive for growth of Start-ups. The objective is that India mustbecome a nation of job creators instead of being a nation of job seekers FDI PolicyReforms with the objective of providing major impetus to employment and job creation inIndia. These initiatives of the government will definitely provide help to the industriesto grow in preferable manner. We at SEPOWER believe that with the Companys mottoof saving earth and its fragile resources Company will also gain from governmentinitiatives for ecosystem of the country.
The Company is focusing on delivering better operational performance by valueenhancement initiatives and economies of scale coming from volume led growth. Howeversignificant fall down of petroleum price and there by virgin rubber prices is the very bighurdle to further sustain and develop the reclaim rubber industry. But the Management ofthe Company have a positive attitude about the future growth and development of theCompany with the change of time and suitable business environment for the reclaimindustry. Further it is needless to say that Companys future growth and successwould be determined by its ability to cater to customers aspiration and needs. It isour confidence that our Company has greater growth prospects and ability to deliverresults to its stakeholders in the longer run.
Moreover stakeholders faith is biggest motivational factor for every Company andits management accordingly I would like to express my sincere appreciation forstakeholders continuous encouragement and support and confident that they will continue toextend their blessings and support to the Company in future.
I would like to thank all our employees for their efforts dedication and commitmentfor moving towards our goals and to set bigger targets. I am confident that our vibrantand dynamic team will drive us towards greater heights and face any challenges that mayarise in future.
Finally I would like to convey my sincere thanks to our promoters shareholdersbankers lenders suppliers auditor government consultants and other stakeholders fortheir support and trust in the Company and its management. I also take this opportunity toexpress my sincere thanks and gratitude to my colleagues for their valuable guidance andadvice in the management of the company.
| ||With warm regards |
| ||Sd/- |
|Date: 13th August 2016 ||Dr. Arun Gopal Agarwal |
|Place: New Delhi ||Chairman |
| ||(DIN 00374421) |