At the outset let me thank you for the support extended during the year passed by.

On the business front this financial year we have clocked revenues of Rs.197.96crores up 78.8 % compared to the previous year. On the profits front this financial yearwe achieved a Profit after Tax (PAT) of Rs. 8.22 crs which was up 20.03 % compared to theprevious year. We remain confident and positive of the business and the sector in which weoperate. True to this spirit we have continued our investments to fund growth. Duringthis year we invested in adding capacity (Containers) build & develop our branchnetwork domestically and agency network internationally acquired a new office nowdesignated as the new Registered office of the company explored new sectors andintroduced new products. All our efforts are aimed at being top of competition exceedingcustomer expectations and most importantly to take advantage of the business opportunitiesavailable in this sector. We believe these investments will make us future ready push ourgrowth further and be ready to tap viable business opportunities available.

The constantly changing economic environment both domestically and internationally arelaced with challenges and at the same time provides opportunities. Our company is in asector which has deep interlinkages with trade and growth. Within India the governmentsincreasing focus on the development of the logistics sector is a huge positive which willbring in investments business and consequent growth opportunities. While we remainconfident of our own capabilities to be able to deliver it's important to ensure thatwhile we remain passionate about growth we take calculated risks and strive towardsgrowth which is both responsible and sustainable. In furtherance of this endeavour weremain committed to financial discipline.

As we continue our journey in to the new financial year with the support of ourmembers and our teams I look forward to carrying forward the continuous momentum ofgrowth and grow the company further.

Thank you for your continued faith placed in us.

Sd/-

Abdul Khalik Chataiwala

Chairman and Managing Director