I feel happy and honored in presenting the Annual Report of Company for the Fiscal 2019which marked an extremely satisfying performance. The Company performed outstandingly inall its parameters namely capacity utilization Turnover PBDIT and Net Profit. Theproduction rose by 32.13 % to approximately 2500 tones with Gross turnover to Rs.3624.85lacs PBDIT raised by 20.42 % and the Net profit (PAT) of Rs.85.76 lacs for the F.Y2018-19
Due to Technology Up gradation Fund Scheme MSME & Skill Development Rising incomelevels and changing lifestyles driving demand for plastics. Established democracy &stable democratic government with favorable economic policies. Huge growth opportunitiesin India for plastics due to lower per capita consumption as compared to world averageFlexible packaging industry poised for strong growth insulated from the current economicscenario due to huge & diversified consumer base & so many other steps are takenby government will help us in Plastic Industry.
It has been possible because of the leadership of the Managing Director Shri Bharat HGala his competent and sincere team and the encouragement received from the Shareholders.The Board of Directors also made its contribution by guiding the affairs of the companyand by providing needed inputs from time to time.
The Managing Director Shri Bharat H Gala believes in leading the company from the frontand I would like to place on record our deep appreciation for the efforts put in by himhis management team the workers of the Company and above all the moral support andencouragement received from our esteemed shareholders in managing the affairs of theCompany. I wish all of you a great time ahead.
With Best Wishes
Shri Bharat H Gala