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Sanraa Media Ltd.

BSE: 531312 Sector: IT
NSE: N.A. ISIN Code: INE889C01022
BSE 05:30 | 01 Jan Sanraa Media Ltd
NSE 05:30 | 01 Jan Sanraa Media Ltd

Sanraa Media Ltd. (SANRAAMEDIA) - Chairman Speech

Company chairman speech

SANRAA MEDIA LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT LETTER TO SHAREHOLDERS Dear Shareholders, It gives us great pleasure in communicating with you at the end of this eventful and successful financial year. Outlook for the Industry: Global Market: We are in the midst of unprecedented economic upheaval, triggered by the sub-prime mortgage crisis happened in United States. The global economy entered its critical phase during September 2008 following the collapse of international large financial institutions. It has thrown its cascading effect into almost all segments of the global economy irrespective of the country. Despite, the global Media and Entertainment (M&E) industry is experiencing a steady growth, and is estimated to increase at 6.6% compound growth rate (CAGR) to $1.8 trillion in 2010, according to Price water house Coopers' 'Global Entertainment and Media Outlook: 2006-2010' report. The U.S. remains the largest E&M market, growing at a CAGR of 5.6% reaching US$ 726 billion in 2010. Video games and the Internet will be the fastest-growing segments, with compound annual increases of 8.9% and 8.4% respectively. Canada is projected to expand at a 5.9% CAGR to US$ 41 billion in 2010. Indian Market: The year 2008-09 showed growth for the Media and Entertainment industry as a whole except for the last quarter which was impacted by the economic slowdown and liquidity crunch. The Indian M&E industry stood at INR584 BILLION IN 2008, a growth of 12.4 per cent over the previous year. Overthe next five years, the industry is expected to grow at a CAGR of 12.5 percent to reach the size of INR 1052 billion in 2013. (FICCI-KPMG Media & Entertainment Industry Report) Our Achievements: Sprucing up for a brighter future You would be happy to note that during the year your company has under taken the following measures to take the operation of the company to its pinnacle: As stated in previous year's letter to shareholders, your Company has changed its name to 'SANRAA MEDIA LIMITED' with effect from 23rd October 2008, in pursuant to the members' approval in the 12th annual general meeting. * Your company has successfully struck a 2 million-pound co-production deal with Endemol UK PLC, London for the production of the 3D Animated Series - 'The 99' which is termed as 'a landmark co-production deal' by THE HINDU. * Your company, apart from the regular product development and web solutions, successfully engaged in various projects, the major among them are, 'the 99' and an ASEAN Based Project. Your company has made significant growth in trading of media content during this year. Infrastructure: Your company has developed a new facility across a sprawling area that can house around 500 people, at Perungudi, situated at the IT corridor of Chennai. The facility was launched by Honorable Minister for Information Technology, Government of Tamil Nadu Dr. Tmt. Poongothai Aladi Aruna, amidst representatives and enthusiasts of Gaming, Animation and Production businesses. British Deputy High Commissioner, Mr. Mike Connor was the Guest of Honour at the function. The existing facility situated at Ekkattuthangal is equipped with latest state-of-the-art technology. The Road Ahead: We believe our efforts will enhance the Shareholder value of the Company further in the near future. Your Company with its ever growing and glowing team of talents looks ahead to enter into the next phase of growth and to place itself as a global entity in the field of media and entertainment industry. The Board is confident that the quality content of your company's products and services will set a new paradigm in the Media & Entertainment Industry. The Board and the employees are looking forward to the challenges of this task. We thank you for placing the faith in the Company. We look forward to a continued support from you to steer the company to great heights. For and on behalf of the Board Place: Chennai Date : 4th September 2009 A. Venkatramani Chairman