It is my immense pleasure and a proud moment to present the Annual Report of "M/sNandani Creation Limited". At the very outset I would like to thank each of ourShareholders who have reposed their trust in the Company during the Initial Public Offer(IPO).
10th October 2016 the penultimate day of F.Y. 2015-16 has become a red-letter day inthe history of "M/s Nandani Creation Limited" due to maiden debut on"National Stock Exchange of India Limited" i.e. NSE Emerge Exchange by gettinglisted.
The Maiden IPO of Rs. 404.32 Lacs received an overwhelming response. I must thank allthe shareholders for the confidence they have shown in the business and the management.
It is always Pleasure and privilege to share with you highlights of the year'sperformance and outlook for the next year.
Our total revenue for the year is Rs. 18.93 Crores as compared to Rs. 14.19Crores in the previous year.
Our Profit before tax was Rs. 85.32 Lacs as compared to Rs. 64.99 Lacs in theprevious year.
Our Profit after tax was Rs. 53.12 Lacs as compared to Rs. 44.83 Lacs in theprevious year.
Our Company "Nandani Creation Limited" has launched its new brand under thename of "Desi Fusion" which is expanding our affordable clothing segment. OurQualitative and customer demand satisfying products helps us to achieve brand recall amongour consumers which strengthens our Brand Equity.
Our Company believes that quality of apparel decides its future. The growth of ourorganization is directly proportional to the quality of our supplies and our Companyattempts to supply qualitative products at competitive prices. I am also thankful to allour Stakeholders for their support and trust to generate value for the Company.
I must acknowledge the immense contribution of the entire team of the Company who pushtheir boundaries rise above challenges and leave no stone unturned to achieve consumersatisfaction. Our Company has always believed in assessing the changing consumerpreferences from time to time and redesigning our products accordingly by continuouslyexploring new designs style etc.
We are paving our paths towards atomization and have invested a handsome amount in thebuilding and development of our new infrastructure set up which will write a story ofsuccess for us.
As we all know India is driven by a young demographic profile and the onlinepenetration is also increasing across its length and breadth and with more people focusingon online market there will be more buying in the coming years through online marketespecially amongst the millennials.
I am thankful to all our Stakeholders our Bankers our Investors our Vendors and mostimportantly our customers for their trust and faith. A special thanks to all the employeesof the Company for their energy and effort in the success of "Nandani CreationLimited".
Chairman & Managing Director