With a warm welcome and the news that the world citizens are slowly getting back tonormal life after the pandemic I am delighted to present the 29th AnnualReport 2020-21 of Ram Ratna Wires Limited.
At Ram Ratna Wires Limited keeping in line with the expectations of the shareholderswe always put in our best efforts. Even in these challenging times your company deliveredremarkable performance. The Revenue was Rs.1387 crores and EBDITA Rs.53.80 crores for FY2020-21. This against Rs.1255 Crores and Rs.56.41 Crores respectively for FY 2019-20
In these pandemic times the phrase "Change is Constant" has never been morerelevant than it is any time before. Waves of infections lockdowns and unlock-downs havechanged the way the world lives.
World is undergoing a 360-degree transformation in all spheres of business - Right fromcost optimization to efficient deliveries. End to End solutions with continuallyincreasing product portfolios under a single umbrella have become inevitable. Focus onevery little business nuance plays a part in strategic decision-making. In the new normalthe success of any business depends on quick adaptability to constant changes.
Your Company analysed and strived to adopt the best of working methods to match theever-changing business scene. We did our best to establish a virtual factory model inthese times to facilitate advance decision making. To provide updated information to themarketing and sales teams we interacted with our work force on a daily basis to face andhandle the rising challenges. Your company kept a close watch on the financial health ofour suppliers and customers to maintain a rational business continuity.
Over the years Ram Ratna Wires Ltd. has widened its product basket to expand itsfootprints in the electrical industry. In continuation of the trend your Company now alsomanufactures Brushless DC (BLDC) motors. For this your Company has entered in to a Jointventure named "EPAVO ELECTRICALS PRIVATE LIMITED" with ENNOV Techno ToolsPrivate Limited ("ENNOV") in the sharing pattern of 74:26. The management ofENNOV comprises of Mr. Ajay Singhania and Mr. Sanjay Singhania who are also promotors ofE- Pack Polymers Private Limited. These BLDC motors are small have high power densitygood speed-torque characteristics high efficiency wide speed ranges and low maintenance.BLDC Motors are widely used in Submersible machines Air Conditioners E-bikes CNCmachines Washing Machines & Computers.
Amidst a very adverse health situation each and every team member gave his/her best toachieve the organizational goals. During the pandemic waves quite a few of our colleagueswere infected with COVID and we lost some of them. In support your Company initiated anemployee benefit plan under the name "RR CARES" for the family of deceased. RRCARES provides 24 months CTC to the deceased employee's legal heirs Job assurance tocompetent family members on merit basis and Education expense up to Graduation level forup to 2 children.
To conclude I would like to extend my heartfelt thanks to all Board members forbringing in synergy through their professional inputs and to the Shareholders for theircontinued faith in us. Last but not the least a big thanks to all the dedicated andcommitted team members who have given their sweat and heart to bring this Company to thelevel where it is today.
|With Warm Regards |
|Tribhuvanprasad Kabra |