It gives me immense pleasure to write to you at the end of another landmark year forMohit Industries Limited. I am pleased to inform you that your company has completedsuccessfully financial year 2018-19 with Net profit after Tax for the year recordedRs.68.39 lakhs. During the year under review your Company has recorded net revenue fromoperations as Rs.19147.00 lakhs against revenue recorded of Rs.15791.06 lakhs in theprevious year.
During Financial year 2018-19 Your Company's export turnover has recorded Rs.10062.95lakhs has increased at 45.25% against last year's figure of Rs.6928 lakhs. Your Companyis successfully exporting DTY Yarn with a brand name to South Korea Thailand CzechRepublic Guatemala Bulgaria Indonesia Japan and many more Countries.
Introduced in 2017 GST was one of the most anticipated tax reforms in India and hashad far-reaching implications on how businesses will operate in the country it had a hugeimpact on the supply chain and associated mechanisms for the industry. Details of ourgrowth Strategies and your company' performances during Financial Year 2018-19 have beenelaborated in the Directors' Report and Management Discussion Analysis Report Section ofthis Annual Report. Your Company has been able to drive strong growth inspite ofchallenging Environment. All this would have not possible but for the untiring efforts ofour highly committed and dedicated employee force.
I extend my sincere thanks to all our consumers Suppliers who are directly orindirectly associated with the company for their support and commitment and our loyalhardworking and committed employees for their unstinted support which helped us to reachwhere we are now.
I would like to thank our shareholders for their trust and encouragement and assure toserve strong and Profitable and Sustainable Growth.
With Warm regards
Mohit Industries Limited
Mr. Narayan Sitaram Saboo