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Debock Industries Ltd.

BSE: 535086 Sector: Engineering
NSE: DIL ISIN Code: INE411Y01011
BSE 05:30 | 01 Jan Debock Industries Ltd
NSE 00:00 | 12 Aug 43.05 -0.60
(-1.37%)
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Debock Industries Ltd. (DIL) - Chairman Speech

Company chairman speech

My Dear Fellow Members

It gives me immense pleasure to communicate with you the 13th Annual Report of theCompany.

In the Financial year 2020-21 your company completed its 13 successful years and thissuccess would not have been possible without the unstinted support and cooperation of allstakeholders and our satisfied customers.

The aim is to recognize our accomplishments during the Financial Year 2020-21 and toshare with you our outlook and plans for the future. I am gratified with the continuedgrowth of market share in the arena of "Agricultural Equipments" and"Hospitality Services" and "FMCG Products". I am more excited aboutthe pace and scale of execution that our Company is undertaking to fulfil our unwaveringaim of creating long term shareholder value.

The starting of this year was marked by the enormously challenging COVID-19 pandemicwhich has fundamentally altered the world and continues to do so. It is difficult toover-state our gratitude for workers and many staff members of the Company. Amidstlockdowns we are moving resolutely to urgently address these challenges. We are confidentthat the progress we made during FY 2020-21 put us on the right path to improve theexecution of our strategy and drive sustainable profitable growth over the long term.

India is deemed to be the hub of the Agriculture Tourism and Consumer Products becauseof its low costs and availability of high-skilled labour. Slow and plagued transportationwas a major reason for inappropriate distribution of agricultural products as well astheir cost. Amid COVID-19 tourism sector is one of the most negatively affected sector andcontinued to be the same till lockdown continues. The FMCG sector survived due to itsquality of essentiality.

We remained robust and resilient in an ever-changing and challenging businessenvironment and stayed focused on our legacy of contributing to the growth of the countryby delivering value to our shareholders. DEBOCK the business recorded its decentperformance during the year with slight decrease in revenue however registered profit asagainst loss during preceding financial year. Product quality and innovation continue tobe a key differentiator. Excellence comes from our superlative quality in all products.Our excellence also comes from stringent quality control processes and manufacturing andoperations which have enabled us to set new standards for quality.

I feel pleasure to share an update of your Company's performance for 2020-21 a year ofdecent achievements wherein we continued to demonstrate our proficiency and determinationin achieving operational excellence and financial soundness. This performance was possibledue to effective cost management of business better price realization and aggressivemarketing.

The performance of the company in FY 2020-21 turned positive in terms of profit. TheCompany registered profit this year due to lower purchse of stock and lesser financeexpemses as compared to loss in previous year:

Our total revenue for the year 2020-21 is Rs. 3077.98/- Lacs as compared to theprevious year 2019-20 of Rs.1866.77/- Lacs .

Our Profit after tax for the year 2020-21 is Rs. 216.34/- Lacs as compared to theprevious year 2019-20 profit of Rs. 86.57/- Lacs

I strongly feel that focus will lead to depth and depth will lead to excellence. Icontinue to act as the Chairman of the Board mentoring and advising the Board for yourCompany's strategy and future road map ensuring highest levels of corporate governance atall times.

The business environment around us continues to remain challenging and competitive andis likely to remain the same. With our diversified product line passionate employees andyour undying support I am confident that we will continue to deliver growth that isconsistent competitive profitable and responsible. I would like to thank all ourstakeholders for accompanying us on the exciting journey ahead. We will continuously seekand strive to do good act better and do what is best for us and society at large.

Before I conclude I am thankful to all our Stakeholders our Bankers our Investorsour vendors and most importantly our customers for their trust and faith and lookingforward to your continued support and best wishes.

Thank you
Sd/-
Mukesh Manveer Singh
Chairman & Managing Director

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