Dear Shareholders Greetings!
I am delighted to present the Annual Report of your Company for the Financial Year2017-18.1 have been at the helm of affairs of your Company for more than two decades.Events of last year have reinforced my belief that rate of change in technologydemography pattern of education requirement of skill awareness towards environment andquality of life is much faster. I am filled with deep sense of pride & satisfactionthat your Company has stood firm against the pressures of business life to emergestronger more capable and more profitable.
The Financial Year 2017-18 has registered marginal decline in top line but bottom-linehas increased from Rs. 186 Lakh to Rs. 308 Lakhs. EPS is also improved from 0.24 to 0.39.1am confident that the year ahead wi 11 bring more cheer to our stakeholders.
During the Financial Year 2018-19 we have secured orders of Rs. 32.98 crore (for FiveYears) for 1172 schools Rs. 11.87 Crore (for Five Years) for 303 schools and Rs 37.48crore (for Five years) for 525 schools totalingto Rs. 82.33 crores.
Out of these orders your company will receive 90% payment of executed orders of Rs.44.85 crores in the First two quarter of the Financial Year 2018-19. This will improveTopline bottom-line and cash flow of your Company despite the fact that a few on-goingproject will also be completed duringthe Financial year2018-19.
Since the Hospitality and Tourism industry has emerged as one of the key driver of thegrowth among the service sector and it is expected that in the next five years this sectorwill grow at least 10% annually hence as promised last year we have started implementinga Hotel Project having financial outlay of Rs. 25 crores. It is going to be operational inthe First quarter in the Financial year 2020-21. The management of your Company has alsodecided to venture into agro food processing industry as well as tourism relatedactivities in the next two years.
We have reduced the quantum of debtors and improve the return ratio. The rating of yourCompany hasalso improved from BBB-to BBB +.
I have faith that the best is yet to come. The adversity of the past and rapid changecan prove to be the best friend of your Company.
I would like to personally thank all the members of the staff and management team fortheir hard work and sincerity. I would also like to place on record my deepest gratitudeto our investors bankers stock exchanges State and Central Govt administration forextending their continued support and encouragement.
With warm regards***.
Surendra Kumar Surana
Managing Directorand CEO