It gives me immense pleasure to welcome you to the 19th Annual GeneralMeeting of your Company.
During the year 2012-13 all of us have witnessed a little bit of upturn and faceliftin the global economy which leads to the growing prospects in the jewellery industry aswell. Apart from euro zone problem which is also adversely affecting India s growth storythe prices of precious metals like gold and silver are rising by leaps and bounds sovolatile which has become a concerning issue for the mango people. Looking into thecurrent market scenario our company has introduced the two brands named Kuhjohl andSincere . With the launch of Kuhjohl we are catering to the ever increasing demand ofSterling Silver jewellery made with Swarovski Elements & Swarovski Zirconia which isdelicately crafted to perfection and plated with fine rhodium. Our Sincere brand hassuccessfully fashioned fine quality 14k Gold jewellery made with Swarovski Zirconia(Signity) and 18K Gold jewellery studded with diamond which has now become the firstchoice of the common man because of its excellent quality latest design and affordablecost effective price. The company has already opened its store at Vaishali UP and we aregetting excellent response from the customer s end. We have started getting enormousresponse for the franchisee & dealership for our both brands and hopeful of generatingremarkably good business during this FY 2013-14.
Unlike other developed countries in the world e-commerce has reached at its zenith inIndia as well. Our both the brands have established its strong presence on web also &we are now associated with our various channel partners namely Jabomg Snapdeal.comPepperfry Futurebazaar.com etc which has its excellent online presence.
Your Company is hoping to rise with the industry trend out of slowdown and willdefinitely show the sign of prosperity very soon.
At this note I would like to thank all the stakeholders bankers and businessassociated for having confidence in the Company.
As always I continue to seek your good wishes and support for our vision and goal.
Chairman & Managing Director