Rays of Hope
With great pleasure I am here to present the Annual Report of your company for theFinancial Year2018-19.
The State of Rajasthan has recently experienced Assembly elections in addition toGeneral elections which resulted in slight impediments in ICT projects for almostnine-ten months due to the model Code of Conduct. This has stymied our progress in thisspace a little.
Notwithstanding our top line has improved by 29.14% & bottom line by 45%. EPS hasalso risen by 44.28%.
Financial ratios like current ratio & debt/equity ratio have also remained at 5.01& 0.25 respectively. This shows the great liquidity position of your Company.
Our progress towards venturing into Hotel & Hospitality sector is very good. Theconstruction work of a four star Heritage Hotel would be completed in the next couple ofmonths & the interiors and fittings would be finished in the coming year. We plan toestablish leading standards and practices in this project and have a dedicated team ofexperts working towards it.
We have also made good strides towards securing the IT and IT enabled business fromabroad this effort has also started bringing fruits for your Company and an upsurge in ITand new technology activity is to be expected.
Our Endeavour is to maximize the value creation for all the stakeholders. We will alsobe venturing into commodity trading and food processing business in the Financial Year2019- 20. Parts of these will also be synergistic with the foray in hospitality sector aswe are working towards creating self sustaining supply chains.
Under the CSR initiative your company has yet again been adorned with Government ofRajasthan's prestigious "B HAMA SHAH AWARD" which is a matter of pride for allof us.
With proud privilege I want to place on record my sincere thanks to the staff & mymanagement team for their dedicated work & performance. Our invaluable investorsbankers stock exchanges state and central government administration have always extendedtheir support & encouragement.
With Warm Regards
Surendra Kumar Surana
Managing Directorand CEO