It gives me great pleasure to update you on Visco Trade Associates Ltd's steadyprogress. This is hereby 34Th Annual Report of Your Company marked anothermilestone in trading history. It gives me immense pleasure to communicate to my fellowshareholders for another year and this time pleasure is more to inform you that yourcompany has delivered yet another inspiring performance in F.Y 2015-16 across variousfinancial and operating indicators. This has been made possible by "Team Visco"backed by meticulous strategic planning; thought through implementation of it. YourCompany has taken message from the desk of MD steps to create vibrant dynamic andflexible organization capable of enhance opportunities at the market place and respondswiftly to changed situation to overcome and respond the market challenges. This reportcomes with theme "Driven by Trust- Inspired by financial services as well asInvestment
Maintaining and enhancing trustworthiness has been our founding motivation an enablerto maintain and enhance it. Driven by trust and inspired by investment and financialservices we continue preserve our goodwill in the market and enhance our operatingresilience to stay ahead of the curve.
I had expressed my optimism for a better year in FY 15-16 as well as reposed faith inour company's stead fast commitment to overwhelming challenges and serving our clients tothe best of our abilities. I am happy to inform you that FY 15-16 was a year of regainingmomentum for our company
Our focus is to align with overall improvement in the global and Indian economy.Through our investment and financing solutions we help our customers to look forward to awell planned future with confidence.
The company's vision is to be the most respected financial services company in Indianot necessarily the largest and most profitable.
In the recent past it was observed that big corporation facing huge challenges anddespite all resources available on their side they failed miserable in theirperformances. In my believe this is due to creating rigid organization Annual Report 2016over a period of time. Your company is of the firm believe that Change is enviable and itcan throws lots of Challenges and also opportunities management should have capacity toChannelize its resources to overcome it or capitalize on it. Since last years the globaleconomy has gone through the turbulent time ever before and this has resulted intocollapse or near collapse of big corporation banks and financial institutions. In themidst of this global crisis Indian economy able to show its resilience and delivered amoderate growth of GDP. This was possible due to the strong economic fundamentals of theIndian Economy. The year under review was a lot better than the preceding year in terms ofeconomy where the signs of revival and growth were prominent all around the globe. Theyears ahead are going to be quite promising in terms of growth and your company isequipped to make the most of the opportunities available. NBFC sector play a very crucialrole in a country's economy. It provides significant contribution to various sectors likeInvestment youth empowerment generation of employment alleviating poverty and providingof various items of utility at low and affordable costs are some of the major features ofthe NBFCs.
VISCO's Vision to become a key player to provide finance need of every sector and thusacting as catalyst towards the infrastructure and economic development of the country.
Your company is in a position to provide innovative tailor made financial solutions tofinance sector. From last few years the position of Visco became stronger. This becamepossible due to the commitment and the consistent efforts shown by the entire team of diecompany that helped establish itself during the year gone by.
Finally I would like to take this opportunity to thank all investors businesspartners vendors bank and financial institutions for their continued support during theyear. I also thank the government and regulatory authorities for their support. I alsoappreciate the commendable teamwork dedicated and wholehearted efforts of team Viscowithout which your company's consistent growth would not have been possible.
For & behalf of the company
(Chairman & Managing Director)