PAREKH ALUMINEX LIMITED
ANNUAL REPORT 2011-2012
First and foremost I am highly obliged for having kept faith and invested
confidently in your Company.
It is my privilege to be at the helm of the affairs of a Company which is
progressively taking giant strides and buoyantly exceeding prevailing
industry norms. It is a pleasure to be dealing with everyday challenges as
those challenges not only re-define our limits but also empower us to out-
It gives me immense pleasure to announce that your Company has posted 52%
growth in the top line and 26% growth in the bottomline compared to last
year. The production capacities have increased by 15%. As usual the Company
did not have to contend with any rejections - showing its unique strength
in quality controls. Overall exports grew by 76%. There were zero bad
debts, showcasing the Company's controls.
This year the Company expects to have a topline growth of approximately 40%
based on the Company's order - book size and its execution capacity.
Going by the vectors of the potential and promise, there is a great future
for the products of the Company. Domestically many states are banning
plastic, the best replacement to that is your Company's products. Your
Company's products are 100% recyclable, eco-friendly, aesthetically
appealing, safe, convenient and comparatively cheaper. A further boost to
the product demand comes from changing lifestyle from 2 and 3 tier cities.
Today the issue which the Company is facing is not in respect of sales but
of making the products available to public at large. Until some time back
the Company was catering to Railways, Airlines, Railway Contractors, base
kitchens, flight caterers, restaurants, fast food chains, bakeries,
hospitals, hotels, etc. Now the Company has begun sales to outlets of
Bharti Walmart, Reliance, Big Bazaar etc. The Company wants its presence in
the pan- India's retails shop outlets, so that the Company's products
become household necessity products.
For the said purpose the Company is in the midst of organizing a new team,
logistics, branding and advertisements. Hopefully we should be able to
achieve our goal of starting the retailing of the Company's products early
In the overseas market your Company is acquiring US based American Foils.
The reason is that your Company already makes Rs. 936.98 million sales to
the US. With this acquisition there would be lots of synergies which would
help the Company to augment its sales in the US market by double digit year
on year. For the other markets like the UK and Middle East, the demand is
already rising for your Company's products, but as per the policy, our
first preference is domestic sales, as in India the market is still at a
very nascent stage and there is a huge growth potential on the horizon.
To conclude, I would like to thank all the Investors, Bankers, Financial
Institutions, Employees, customers and vendors who have stood by the
Company and have put in faith and loyalty. Further, being at the helm of
the affairs, I would like to consolidate the Company with a strong
foundation, system driven efficiency, satisfaction to the core for the
employees, trusted product for the mass consumers, and an incremental value
addition in the value chain for Investors, stake holders, and above all for
our clients and consumers.
It will be my endeavour to see that the Company meticulously adheres to the
norms of Corporate Governance, following the rules and regulations of the
land, being eco-friendly as far as possible and o t try to do whatever is
possible for the uplift of the weaker sections of the society.
Chairman and Managing Director
Date: August 25, 2012.