SUNGOLD CAPITAL LIMITED
ANNUAL REPORT 2011-2012
Dear fellow shareholders,
Today, SUNGOLD CAPITAL LIMITED is confidently marching ahead to reach the
next level of success. The last five years have been very significant in
terms of growth and presence and the year 2011-2012, in particular, has
been noteworthy for the company.
The company has significantly increased its revenue and there has been
tremendous growth in the overall financial performance. The balance sheet
remains strong and liquid, enhancing investors value and confidence.
The equity of the company has grown; there has been overall increase in the
capital. With the infused capital we plan to carry out new aspiring
initiatives and undertake expansion & Diversification. Our various
investments in different segments have given healthy returns.
The Entertainment segment (SunGold Entertainment) continues to give
positive results. The picturisation of the movie is been completed and also
the dubbing in Hindi. The division has successfully produced and presented
the play 'Gulam raja ne hu' which was appreciated by the audiences open
In coming year SunGold Entertainment is going to produce 3 films in Hindi,
Gujarati and Telugu. Also launch its midyear calendar for 2012-2013.
SunGold Entertainment is poised for stupendous growth in the areas of Media
Mergers & Acquisitions:
We have successfully accomplished the Merger with Magic Touch Infotech
Limited. The Hon'ble High Court of Gujarat by its Order dated 20th March,
2012 has approved Scheme of Merger of Magic Touch Infotech Limited with the
company. Merger has strengthen and consolidated the position of the Company
to develop, concentrate on core competency and expand its business.
With Merger the company has entered into new line of business .i.e.
Software development leading to higher revenues & profitability. It has
created synergy to grow and prosper at a faster pace. The combined
managerial and financial resources have enhanced the capability to invest
in larger and sophisticated projects to ensure rapid growth and will
consolidate the strategic strength.
Our company is in process of acquisition of new Pharmaceutical business by
acquiring proprietary firm 'Onix Pharmaceuticals' and brings a new
invention in pharmaceutical business.
On behalf of the Board, I would like to thank our entire employee &, other
stakeholders for their contribution to these excellent results. Their
commitment and hard work are critical to our performance and ensures we
deliver the quality that underpins our reputation.
Chairman & Managing Director