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Sundaram Multi Pap Ltd.

BSE: 533166 Sector: Services
NSE: SUNDARAM ISIN Code: INE108E01023
BSE LIVE 15:55 | 17 Nov 4.18 0.69
(19.77%)
OPEN

3.47

HIGH

4.18

LOW

3.47

NSE 15:59 | 17 Nov 4.20 0.70
(20.00%)
OPEN

3.50

HIGH

4.20

LOW

3.45

OPEN 3.47
PREVIOUS CLOSE 3.49
VOLUME 1540355
52-Week high 5.94
52-Week low 2.55
P/E 24.59
Mkt Cap.(Rs cr) 114
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.18
Sell Qty 106416.00
OPEN 3.47
CLOSE 3.49
VOLUME 1540355
52-Week high 5.94
52-Week low 2.55
P/E 24.59
Mkt Cap.(Rs cr) 114
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.18
Sell Qty 106416.00

Sundaram Multi Pap Ltd. (SUNDARAM) - Chairman Speech

Company chairman speech

SUNDARAM MULTI PAP LIMITED ANNUAL REPORT 2010-2011 CHAIRMAN'S REPORT As I look back on the year gone, I am convinced in my belief that India will take its rightful place in the world as a global superpower. Despite crisis and challenges, India's resilience to withstand and weather these adverse challenges is commendable. Having embarked on the journey towards economic development, we must face all challenges and obstacles to ensure that our rightful place in the World should not be compromised. India's GDF performance continues to be strong and encouraging. The Indian economy is the eleventh largest economy in the world by nominal GDP and has the second largest GDP on PPP basis among emerging economies i.e. USD 3.5 trillion. India is the 4th largest economy in the World with a population of over 1 billion, land area of 3.29 million square kilometers and GDP Growth of 8.5% has opened up new business opportunities to the world in all segments of business. Sundaram posted good results during financial year 2010-11. Sundaram achieved the net sales of Rs. 191.91 crores as against Rs. 150.29 crores of the previous year, registering a growth of over 27.69%. The profit after tax has been higher at Rs. 865.25 lacs registering a growth of over 37%. It gives me great pleasure to mention that your Company has recommended a dividend of Rs. 0.20 per equity share of face value of Rs. 1 for this year. The growth of the paper stationery products directly depends upon the paper industry and the growing demand for education. Indian Paper Industry has welcomed the Union Budget Proposal for the year2011-12 and also expressed its thanks to Mr. Pranab Mukherjee, Hon'ble Finance Minister for presenting a growth oriented budget, which will definitely fuel growth in the manufacturing sector when is now on the path of economies revival from the earlier worse economic recession. The Indian education sector is estimated to be at USD 28bn in size, and is expected to be USD 47bn over a period of 5-6 years. Private final consumption expenditure on education is on rise. This shows that with an increase in per capita income, people are willing to spend more on education once their basic needs of food and clothing are satisfied. Exciting prospects lie ahead for the Indian Education sector. These are the growth engines of paper and stationery industry. The increasing demand for the quality education and massive government allocation for education segment, K-10 segment is one of the fastest growing segments comprising of approximately USD40billion Indian Education Market. It gives me immense pleasure to announce your Company through its wholly owned subsidiary, namely Sundaram Edusys Pvt. Ltd., has successfully created a Audio-Visual, Animated 100 % syllabus for students of 1 to 10 of Maharashtra SSC Board English, Marathi and Semi English medium. Because of special user friendly features of e-class and through rigorous marketing strategy, the Company has successfully penetrated the e-class into the market and the e-class has received an overwhelming response from private schools, Government Educational Institutes, coaching classes, students and parents. The Company commenced its commercial sales from February 2011 and made a total sale of Rs. 2.50 Crores upto the month of 31st March 2011. My only mission is to provide quality education to every emerging bud of this nation. Education is every child's birth right and I focus that every child of our Country should get equivalent quality education irrespective of geographies and economic backgrounds. Before I conclude I would like to thank all staff members of your Company for their support and continuous commitment which is enabling us to navigate through the bad and good times. I would also like to express my gratitude to my colleagues, our customers, business associates, shareholders and member of the Board for their valuable assistance. We will continue to work for enhancement of stakeholder's value and remain committed to justify the faith and trust you have reposed on us. With warm personal regards, Amrut P. Shah Chairman & Managing Director