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Faze Three Ltd.

BSE: 530079 Sector: Industrials
NSE: FAZETHREE ISIN Code: INE963C01033
BSE 11:56 | 21 Jan 372.00 1.55
(0.42%)
OPEN

361.20

HIGH

383.00

LOW

361.20

NSE 05:30 | 01 Jan Faze Three Ltd
OPEN 361.20
PREVIOUS CLOSE 370.45
VOLUME 10976
52-Week high 413.00
52-Week low 52.55
P/E 22.95
Mkt Cap.(Rs cr) 905
Buy Price 371.00
Buy Qty 49.00
Sell Price 372.00
Sell Qty 181.00
OPEN 361.20
CLOSE 370.45
VOLUME 10976
52-Week high 413.00
52-Week low 52.55
P/E 22.95
Mkt Cap.(Rs cr) 905
Buy Price 371.00
Buy Qty 49.00
Sell Price 372.00
Sell Qty 181.00

Faze Three Ltd. (FAZETHREE) - Chairman Speech

Company chairman speech

FAZE THREE LIMITED ANNUAL REPORT 2006-2007 CHAIRMAN'S REPORT CHAIRMAN'S COMMUNIQUE Dear All, This is a special time in the history of Faze Three Limited as today I am reaching out to you from a Rs.100 Crore young and dynamic Organisation. The Company in the passing year clocked a turnover of more than Rs.100 Crores, thus achieving another milestone. The passing year marked one more milestone when the Company got listed on Luxembourg Stock Exchange with its USD 8 Million Foreign Currency Convertible Bonds (FCCBs) offering. The U.S. Marketing office of the Company was made fully functional during the year under review thus facilitating smooth liasoning and co-ordination with the U.S. and global customers. The achievement of these milestones testify to the robustness of your Company's strategy and augur well in terms of future value creation for shareholders. The focus on nurturing strategic capability is rapidly positioning the business to garner a growing share of the exciting market opportunities unfolding in global market's customers. The progress outlined above reflects our conviction to follow a path less traveled and the commitment to go the extra mile to redefine the limits of possibility and capability for world-class execution. Your Company has made substantial investments in technology, processes and systems and innovation, which is aimed at acquiring international competitiveness in terms of quality and cost in each of its products. I am pleased to inform you that during 2007 your Company entered in a Tie-Up arrangement with an Indian Company called MP-81 sit so as to develop and produce a yarn named 'Eazyl n' which is used for making Bathmats and a trademark application for the same has already been made in U.S. The rewards of Management's commitment to substantial investment in expansion plans are evident in the rapid strides being made in terms of growing demand for the products of the Company and hence the increased market share. A platform has thus been shaped for embarking on the next phase of aggressive marketing that would unveil the finest home-textile business and a sound infrastructure to support rapid growth. Gearing up for the future, we have the key success factor's necessary to withstand the winds of change. The encouragement provided to build a highly skilled and creative Design and Production team, which is reinforced by tire state-of-the-art infrastructure, our vibrant market presence with a strong product range, which draws its strength from technical prowess, high quality production and cost effectiveness that will guide us to bring greater efficiency in the future. The road ahead is very exciting and challenging and on this occasion I further seek your unstinted support in our shared journey to be a leader in the Global Home Textile business. Warm regards Ajay Anand Chairman & Managing Director
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