I am happy to present to you the 34th Annual Report of your company Calcom VisionLimited. With this we reinforce our drive for long-term value creation by focusing onprocess improvement people engagement and most importantly corporate governance. Forus governance is a philosophy rather than a compliance discipline. It enables bettercorporate performance and long-term value creation for our shareholders and otherstakeholders.
It gives me great pleasure to share with you all your Company's performance for theyear 2018-19. The fiscal 2018-19 posed a challenge for electronics manufacturers in termsof depreciating rupee value and hardening commodity prices in the first half of the yearin the domestic market. Post the arrival of the festive season the industry saw an upwardtrend.
Nevertheless with discrepancies in global trade India is expected to emerge as amajor electronic manufacturing hub globally giving opportunities to manufacturers. Whilecertain macro-economic factors might have dampened the overall economic growth but yourCompany presented a strong set of financial and operational performance. This evidencesthe robustness of our strategy and the soundness of our business model.
We continue to focus on fostering internal growth and seize market opportunities inconsumption and technological up gradation. On the technological side we have installedSAP to drive efficiency and improve the information flow in the organization. Investmentsfor improving the quality of our products with an aim to achieve zero defects have beencontinuous and remain solid.
Moving on you will be pleased to note that your Company continued to make strides in2018-19 in its growth journey. Some of the high points are:
In the year under review we saw a growth of 104.06% in revenue from operationsto Rs. 5232.28 lakhs from Rs.2564.10 lakhs in the previous fiscal year. We recorded ahealthy EBIDTA of Rs. 480.00 lakhs in 2018-19 from Rs. 232.89 in 2017-18 registering agrowth of 106.11%.
The company's strategy to focus on LED Battens and High Wattage Bulbs paid richdividends. The revenue has doubled from the last year with improved operational efficiencyand higher market penetration.
During the year the company added two new customers in domestic market.
The Company also tied up with an export customer in United Kingdom (UK) forexport of lighting products. The company also introduced five new products in ProfessionalLighting Category.
In July Company Deployed SAP B1 ERP went live after 3 months Parallel Run inSAP and legacy systems.
We look forward to many more years of innovation rewarding experiences and greateroperational efficiencies and as one of the leaders in our industry space we shallcontinue to invest in R&D and scaling-up our business. We are making steady progresstowards our goal and remain determined for the actions needed to realize these ambitions.We remain committed to driving our growth positively enhancing our margins andinstitutionalizing our organization for a sustainable future.
On behalf of the Board I would like to take this opportunity to express our heartfeltappreciation to all the employees of Calcom for their invaluable contribution to thecompany's success. I would also like to thank the Board and the Board members for theirwisdom guidance support and dedicated efforts. Board present their deep condolence onthe sudden death of Mr. Hamidullah Kabir Khan and thankful to his vision and guidanceduring his tenure. The Board pleased to share that Mr. Anurag Goel was appointed as anIndependent Director of the Company who brings his expertise and competence in the growthof the Company.
I would also like to extend my vote of thanks to our shareholders business partnersand other stakeholders for their ongoing engagement and support.
With Best Wishes
Sushil Kumar Malik
Chairman and Managing Director