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Globe International Carriers Ltd.

BSE: 538385 Sector: Others
NSE: GICL ISIN Code: INE947T01014
BSE 05:30 | 01 Jan Globe International Carriers Ltd
NSE 05:30 | 01 Jan Globe International Carriers Ltd

Globe International Carriers Ltd. (GICL) - Chairman Speech

Company chairman speech

Dear Shareholders

It is my pleasure to welcome you all to the 8 Annual General Meeting of the Company andI am extremely delighted to share with you your Company's performance for the financialyear 2017-18. Over the years we have created a legacy of trust; and during the year wecontinued to build on it.The year saw us achieve the exceptional collections anddeliveries of projects.

Globe International Carriers Limited is one of the pioneers in transportation andlogistics business in India. GICL is the First Logistics Company from Rajasthan to belisted on the National Stock Exchange SME Platform. Our journey in the last three decadeshas been a story of innovation excellence and strategic evolution as we expanded ourfootprint across India. We diversified our services portfolio while achieving significantgrowth throughout these years.

At GICL we believe in meeting the needs and expectations of our esteemed customers. Weshall achieve this with the help of a motivated and proactive family of employeescommitted towards innovation and continual improvement. The one reason why we have enduredis in our business the customer came first. We did not just offer services to thecustomer in the expectation of generating an income; we provided services that would takethe customer's business ahead and that made all the difference. We want our clients tobenefit from the solutions we offer our employees to be satisfied with the growth and theopportunities within the organization and our business partners specially our vendors tobe part of our growth. We want our investors to be satisfied that their investment is in asound company that adheres to the highest levels of financial and corporate governance anddelivers a reasonable rate of return on capital employed. The Board remains focused onrobust risk management and endeavors to improve on existing customer service levels. Wealso believe that quality Corporate Governance is critical to achieve our organizationalgoals and set higher benchmarks in our services. The Board members of the Company areeminent individuals with diverse expertise and enough experience to lead the organization.The Board and management of the Company have developed an ethical work environment andestablished good internal practices and procedures which enable the Company to operate ina compliant manner.

We strive to enchantment our customers our partners with our business ethics and moralresponsibility in delivering their valuable cargo as per their needs. We are rankedamongst the most respected and reputed transport operators in the country. A reputationthat has come with persistent and focused hard work over the decades to gain the trust ofour customers and watch them smile. Our company has remarkable and continuous growth byachieving a consolidated turnover of around Rs. 115.03 Crores in FY 2017-18. Overallthere are many positive signs within these numbers and I believe this is an indicationthat our strategy to achieve large scale growth is the right one Our company is alsosimplifying and improving the processes to become a highly connected agile and innovativeorganization where accountability and empowerment go hand in hand. This works together toboost customer trust and brand loyalty. I believe we are far ahead of others in thisspace. As the country's logistics sector enters a new sectoral era I am optimistic thatGICL is attractively placed to climb into a new orbit.

I complement each and every member of the GICL family for their valuable contributionat all levels during the year. I also take this opportunity to thank all the stakeholdersemployees bankers investors customers suppliers government authorities regulatorsand the management team of the Company for their association with the Company and I lookforward to a positive interaction with all in the days to come.

Thanks and Best of Luck!!

SUBHASH AGRAWAL

(Chairman & Managing Director)