I t is my privilege to report the Annual results for the F.Y. 2015-2010.
During the year total turnover of your Company increased marginally though Managementhad expected much more to be achieved. The Export has 1nereasedt by approx 20% despitedecline in global demand of handmade beads recession in fluctuation in foreign currencyand dumping by China. We hope for betterment in next year.
During the year the shares of your company were being traded in BSE and NSE between Rs.247- to Rs. 657- against book value of around Rs. 63.567-. The board had paid interimdividend of Rs. 2.50/- per shares for this financial year but looking to the scenario didnot recommend any final dividend.
We are still in process to get Government Support for establishing Cluster Scheme inVaranasi t o develop infrastructure skill and technology in Glass Beads manufacturing.The project has been appraised by SIDBI and final approval from government is awaited.
I wan t to record my appreciation for co-operation and support provided by thedirectors auditors internal auditor buyers suppliers bankers artisans employees andassociates of the company in every field of your Company's activities.
With best wishes to all.
Ashok Kumar Gupta
Chairman & Managing Director