It gives me immense pleasure in presenting before you the salient performance andfinancial features of your company for the year ended 31st March 2018. The period hasbeen a satisfying year despite reduced GDP growth and severe competition. We had privilegeof crossing some valuable milestones which will go a long way in enhancing stakeholders'value.
I also take this opportunity to thank our valued customers whose continued patronageand confidence in our products inspires us to extend the best of services and enables usto provide value for their money.
Now I come to specifics and give an account of the work performed during the financialyear 2017-18.
The Net Turnover for the year under review is Rs. 9575.87 Lakhs is 20% Increased of thelast year and Profits before tax of the company are also increased in comparison to thelast year.
The company's diversified chemical division has started production of Sulphuric AcidOleum Chloro Sulphuric Acid & Liquid SO3 in the month of October and since then ithas been operating fully this will add substantially to top as well as bottom line ofyour company.
Being dedicated to manufacturing of BRP SSP GSSP Intermediate dyes and otherchemicals we are committed to meet the demand of our customers through updating ourtechnological capabilities including strengthening of R&D coupled with manufacturinganalysis and automation solutions in line with the world's best while maintainingcontinuous interaction with them to assess their emerging requirement so as to be readywhen the needs arise.
We believe that technology holds the key to food safety energy security access toinformation and economic freedom which are necessary for empowering our further growth.We plan to achieve the goal through our strength - the Employees; I place on record thecontribution made by our employees and seek their continuous involvement in achieving theCompany's objectives.
Your board is quite confident of achieving better turnover as reliance on SSP businesshas come down substantially during the current year to come out with better performance.
I seek continued patronage of our valued shareholders customers cooperation of ouremployees and thank all the well-wishers who have contributed to the growth of theorganization. Being part of "Ostwal Group" we express our hearty gratitude toall
Directors Executives Staff Members & all connected with our group performancewhich has given their support aiming grand success.
With Warm Regards
Chairman cum Managing Director