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Kalptaru Papers Ltd.

BSE: 590036 Sector: Industrials
NSE: N.A. ISIN Code: INE783C01019
BSE 05:30 | 01 Jan Kalptaru Papers Ltd
NSE 05:30 | 01 Jan Kalptaru Papers Ltd

Kalptaru Papers Ltd. (KALPTARUPAPERS) - Chairman Speech

Company chairman speech

KALPTARU PAPERS LIMITED ANNUAL REPORT 2010-2011 CHAIRMAN'S REPORT Your Company has completed 22 years in the paper industry. During these years, Company has been through many ups and down. However we have always taken adverse circumstances as milestones and fought with our strong and undying spirit to succeed. The Year 2010-11 has been full of both opportunities and threats, The threat in the form of increased prices of raw material, power cost, unavailability of labour etc but in theses threat there are opportunities to install new machine, improve productivity, improve realization of debtors etc. We were to some extent successful in our efforts. The Company was in red in the year 2008-09 with a loss of Rs. 245.37 Lacs. We put in our best efforts and were able to recover losses but also earned profits of Rs. 63.91 Lacs in year 2009-10 and Rs. 94.23 Lacs in the current year. Growth in paper industry has mirrored the growth in GDP and has grown on an average 6-7% over the last few years. Paper is an essential item of consumption and its increased use reflects the living standard of the Country India is the fastest growing market for paper globally and it presents an exciting scenario. Paper consumption is poised for a big leap forward in sync with the economic growth and is estimated to touch 13.95 million tonnes by 2015-16. The futuristic view is that growth in paper consumption would be in multiples of GDP growth and hence an increase in consumption by one kg per capita would lead to an increase in demand of 1 million tonne. Outlook Your Company has installed Tissue paper machine imported from Canada for manufacturing of light GSM Paper like tissue paper, poster paper, OTC Paper etc . The trial operation has commenced. The Company expects increased production with good quality in coming years. As you are aware that there have been some changes in the Board since the last Annual General Meeting of the Company. In view of increased operation it has been felt for quite some time that there is need for introduction of new talent. The Board has appointed Mr. Arpit J. Gupta as Additional Director, he has been in business of manufacturing and trading of products made from metal and non metal for many years. Mr. Ramesh Chand as Additional Director, as been dealing in business of trading of paper and its allied products for more than two decades. We strongly believe that Company can greatly benefit from diverse experiences of members of the Board Conclusion Dear friends over the years, the Company has maintained sustained rate of growth in spite of increase in prices of raw materials and inputs, cut throat competition and other adverse conditions. With your support and trust, the Company is taking strong steps on the path of growth and prosperity of all. I take this opportunity to thanks customers of Kalptaru Papers, its suppliers, the management team and dedicated work force, who always put interest of the company before their and their soul in all efforts to make dream of the Company come true. Thank You. Jaikishan B. Gupta Chairman Ahmedabad.