Dear Fellow Shareholders
WE WISH TO BECOME THE TEXTBOOK EXAMPLE OF EXCELLENCE FOR SERVING ESTABLISHED ANDEMERGING BRANDS IN THE INDUSTRY. WE WILL MAKE THIS POSSIBLE THROUGH OUR WORLD CLASS DESIGNAND MANUFACTURING BACKBONE AND OUR EXECUTION
I am happy to tell you that we have again delivered outstanding. across ourentire business segment. FY 2017-2018 turned outperformance on both financial andoperational parameters to be watershed year in the history of AVSL INDUSTRIES LIMITED.Emirates.Additionally in the Year 2017 we opened a Wholly Owned Subsidiary in SharjahDubai United Arab I thank and congratulate everyone at AVSL INDUSTRIES LIMITED for thisFeat.Financially we saw our turnover climbing to Rs 7839.23 Lakhs in the Year 2017 and Rs10192.08 Lakhsin the Year 2018. This was largely due to stronger sales performance inIndian as well as Foreign Markets.
FOCUSING ON LONG-TERM GROWTH TO DELIVER SUSTAINABLE RETURNS TO OUR SHAREHOLDERS
Looking ahead even though the global economic climate and plastic industry continuesto be plagued by implemented and gradually stabilizing by the Second half of theyear the economy witnessed upsurge infactors such as political uncertainties tightermonetary policies One Nation One Tax' GST regime being indicatorsinvestmentstooconsumptions howed positiveas welltrends.as governmentThanks tospending.a seriesofIndustrialpolicy initiativesactivity reboundedIndia movedand intoservicesthe world'stop 100 countries in terms ofease of doing business. Ourresilient andhas served us well.business model of providing integrated value-added solutions has been tested and proven tobe should provide the catalyst for us to fortify our business further provided the risksmentioned above doWe envisage that the combination of a positive economic environment anda robust business model not materialize.
For business the longer portfolio termand we expanding will persist our ingeographical pursuing a strategicreach productapproachand ofservicefurtherofferingstodiversificationsolidify ourof our position in the market. Over the Last Four DecadesAVSL Industries Limited has continued to grow and evolve creating value by 4years we made significant investment in new plants thus creating organic growthplatforms for ourbuilding competitive global scale businesses and delivering increasingshareholder value. Over the past 3-energy and material businesses. possible I sincerelythank you on behalf of the company for your support. None of the above would havebeenwithout the enthusiastic efforts & support of all my Board members SuppliersCustomers Bankers various Governments semi government organizations employees& Fellow shareholders. I would like to place on record my sincere appreciation to theBoard of Directors for their guidance. I would like to express my gratitude to all ourstakeholders for their continuing faith in AVSL Industries Limited.
With best wishes
Chairman and Managing Director
Dated: 30thAugust 2018