I am pleased to present the 30th Annual Report 2020-21 of BarodaExtrusion Ltd It has been a fantastic year of all round performances and achievements andall our esteemed shareholders and their loved ones are safe and healthy.
During Financial Year 2020-21 your Company achieved a noteworthy growthof 0.25% in turnover with net sales going to Rs.5226.63 lakhs from Rs.5214.08 lakhs inFY 2019-20. PAL for the FY 2020-21 was a whopping Rs. 10.10 lakhs up by a phenomenal 99%reduced as compared to that of the last financial Year. Our motive has always been toachieve sustainable growth - both organic and inorganic with right plans in place; westarted to gear-up our volumes from January 2021. Market again started to becomeunpredictable from February & March 2021 with the world looking at a very real andgrim possibility of COVID-19 pandemic.
With continual corrective efforts we started to witness positivesfrom the beginning of 2021 itself. With firm determined & focused planning we ensuredthat not only we pay 100% pay all our vendors on time. Not only this we paid a few of ourvendors before time when they reached out to us with their genuine needs. We wereconvinced that with our little effort we would play our part in enhancing circulation ofmoney and help bail-out our vendors in need.
With financial packages given by the government we foresee that theIndian economy will recover quicker than anticipated. We believe that there will bestrengthening of supply and value chains driven by increasing domestic demand andconsumption. With more emphasis on Make in India and becoming ATMANIRBHAR there is everyreason to look to a promising future for your company and our country.
On this positive note I would like to thank all stakeholders ourvendors customers bankers financial institutions Government bodies dealers businessassociates and employees for their continued trust and support. We are committed toenhance the relationship we have created over the years to continue to make our businessa win-win proposition for all.