Mr. Aditya Kaushik Chairman & Managing Director
With great pleasure I welcome you to the First (1st) Annual General Meeting of ourCompany.
Our Company erstwhile Partnership firm was founded in the year 2010 with an object ofmanufacturing of Automobile Parts. After that our Company was incorporated in the year2017 by conversion of Partnership firm "M/s. Techno Engineering Corpn." into theCompany as "Inflame Appliances Limited" under the provision of Companies Act.Thereafter the Company has been listed on SME Platform of BSE Limited through the initialpublic offer. Hence the shares of Company are listed on SME Platform of BSE Limited.
Today I am proud to be at the helms of the Company that is run by the team ofenthusiastic and dedicated employees who have led the Company to newer heightssuccessfully. In the year 2017-18 your company has crossed the turnover of Rs. 32.12crore. The year 2017-18 is one of great year of your Company with crossing the new targetin terms of turnover and in term of order receive from various client which will boost ourturnover and profit in coming years.
Despite a very competitive and challenging environment the overall performance of theCompany has been significantly positive. With appropriate strategic and effective measuresin place your company is well on course to improve its performance.
Your Company has been continuously focusing on all round cost reduction in differentareas of operations to achieve savings and gains that has significantly contributed to theabove performance. Continued focus on providing that high quality world class new andinnovative products with a clear vision on keeping the customer's need in mind willalways hold the Company in good stead and positively enhance the Inflame brand value andcontribute significantly towards a stronger financial performance. Additionally roadahead is filled with so many challenges as well as opportunities and we are ready to faceall the challenges from Market and to grab the opportunities in the best interest of yourCompany.
To proceed the Board believes that the Company will need to follow a very sharpbusiness strategy so that it will possible for the Company to compete with others andfulfil the needs of the society. The endeavour of the Company's management is alwaysstriving towards the optimal results and strengthening the relationship with the society.With your support I am confident of leveraging opportunities and overcoming challenges toreport exciting success in the coming times as well.
At the close I would like to thank the entire team at Inflame Appliances Limited foran outstanding year which is reflective of their efforts dedication and commitment tosuccess.
I would like to place on record my sincere appreciation to the Board of Directors fortheir guidance. I would like to express my gratitude to all our stakeholders for theirfaith in the Company and I look forward for their support trust and confidence.
Wish best wishes
Chairman & Managing Director
August 28 2018