Indias FMCG sector is transforming rapidly driven by the changes in lifestylestastes and preferences of the consumers which led to new opportunities to innovate andmeet this dynamic demand.
It gives me immense pleasure to welcome you all to the 24th Annual General Meeting ofthe Company. The financial year 2014-15 has been another great year of strong performanceexcellence at SANWARIA. Your Company is well on its way of becoming an emerging marketsFMCG leader. Our success can be attributed to the focus on our strategy executionexcellence innovations that delight our customers and a highly efficient and committedmanagement team.
In a developing country like India where at least half of the population is below 30years of age nutrition plays a critical role in the well being and mental development ofthe person. The protein deficiency in food has been a matter of great concern and SANWARIAcontinues and is committed to cater the nutrition needs of young and developing minds ofIndia through focusing on better seed quality productivity healthy and protein rich diet
The Company has witnessed growth in the fiscal year 2014-15. The net revenue stood atRs. 266252.50 Lakhs and the net profit stood at Rs.2503.58 Lakhs.
During the financial year 2014-15 India exported 6.46 lakh tonnes of soybean mealregistering a decline of 77.25% over the previous financial year (2013-14) when soybeanmeal exports were 28.41 lakh tonnes.
Exports of soybean meal during March 2015 were 46670 tonnes compared to 232176tonnes in March 2014 showing a decline of 80%.
With the increase in export incentives in the new foreign trade policy underMerchandise Exports from India Scheme (MEIS) we are hopeful that we will be able toregain some of the lost markets and our exports of soybean meal in 2015-16 will increasesubstantially. Further Pre-monsoon showers and sowing preparations predict a good harvestof grains this year and a promising trends in the Soya industry as compared to last FiscalYear.
The future of the Company looks positive and we will try to achieve sustain and growour market share through partnerships with our stakeholders. We will also try to achieveand generate greater returns and strive to reduce our overheads wherever possible.
Today we stand at the verge of another year that also brings many challenges. I am surethat the I Can and Nothing is Impossible spirit of ourpeople will turn every trial into opportunity and I am sure that the Company will reachnew heights and set new benchmarks for the Industry with the confidence faith and thesupport of the stakeholders.
I would like to take this opportunity to express my sincere and heartfelt thanks to myteam members for making SANWARIA AGRO OILS what it stands today.
Moreover I would also like to extend my deep appreciations to all our businesspartners vendors and all other business associates for their contributions and to allthe various Central and State Government authorities for the support and cooperation thatthey continue to extend.
Last but not the least a sincere and humble thanks to all the stakeholders forshowering their faith interest and encouragement and making SANWARIA what it is today.
| ||Sd/- |
|Bhopal ||Geeta Devi Agrawal |
|14th August 2015 ||Chairman |
| ||DIN: 06582600 |