It is my privilege to present before you the 75'" Annual Report of your Companycelebrating the Platinum Jubilee. The Company has had a long and momentous journey. Thepresent Management comprising of the members of Shri Surajmal Taparia Family had takenover the control in August 1966; they have also completed their journey of 50 years inmanaging the company affairs. It is therefore a celebratory moment forthe family aswell.
Since being taken over by the present Management the Company once having an annualturnover of around Rs. 19 lacs and functioning from two rented small tin shedestablishments at Wadala & Naigaun in Mumbai with Shareholders' Funds of Rs. 17 Lacshas grown to achieve net turnover of Rs. 4470 crores from 25 manufacturing plants in 11States & Union Territories with an increase in Shareholders' Funds to Rs. 1553crores as on 31st March 2017 thus registering a CAGR of 22% and 20% respectively. YourCompany since 1966 has been committed to Plastics & Plastics Processing as its corebusiness which continues as on date.
Your Company's Mission and Vision are to conduct business with ethical practice andWALK OUR TALK. Your Company offers consistent products and services with uncompromisingquality supported by continuous improvements and innovations thereby exceedingcustomers'expectations.
Your Company follows with uncompromising zeal its strong beliefs in integrity andhonesty when it comes to dealing with all its stakeholders. With focused energy insightcreativity and astute business sense our initiatives have shown tangible results in shapeof a constant ascent in our performance graphs. The pride & glory of Supreme gains awhole new meaning as we look back on our trail-blazing saga of growth. It radiates withour path breaking innovations in the shape of products and systems that have trulyredefined the plastics industry and its markets. Always in pursuit of better qualityproducts and new age designs every single product rolling out of our state-of-the-artmanufacturing facilities is a glorious example of the highest standards of qualityexcellence.
In tune with its Quality Philosophy your Company stands committed to seeing thisexcellence permeate in every aspect of its operations at every level in the organization.The larger quality consciousness helps us make superior products exceed the expectationsof our existing clients and win new customers with confidence.
The Company has always been a customer-focused enterprise and is a pioneer inintroducing many products in India. Your Company has set-up many manufacturing facilitiesintroduced several new products thereby increasing the application usage of existingproducts and also exited from products which were not beneficial to the stakeholders'interest. The avowed objective of all business decisions has always been to enhanceShareholders' wealth.
Without resting on past laurels your Company will continue to build on its strengthsthrough effective steps. I am grateful to our stakeholders-customers for their belief inour product quality and services our suppliers for their unqualified support to supplyquality raw material & components and adhere to delivery commitment our bankers forlending funds & providing services at the finest rate colleagues whom we recognize asour core asset for their enthusiasm unstinted devotion and commitment towards the questof excellence & efficiently steering the company's resources our Board Members fortheir wisdom and continuous support; and you our shareholders for your trust andconfidence.
As we all embark on the journey towards the future we foresee greater challenges andeven greater opportunities. Let's collectively dedicate ourselves to the Supreme vision tobe:
A) An innovative product manufacturer b) One of the best employers in themanufacturing segment.
I am confident that the team of your Company with its focused efforts and spirit toexcel shall achieve this vision.
With best wishes
|B. L. Taparia |