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Sindhu Trade Links Ltd.

BSE: 532029 Sector: Others
NSE: N.A. ISIN Code: INE325D01025
BSE 00:00 | 12 Aug 32.75 1.55
(4.97%)
OPEN

32.75

HIGH

32.75

LOW

32.75

NSE 05:30 | 01 Jan Sindhu Trade Links Ltd
OPEN 32.75
PREVIOUS CLOSE 31.20
VOLUME 27899
52-Week high 55.40
52-Week low 3.17
P/E 136.46
Mkt Cap.(Rs cr) 5,050
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 32.75
CLOSE 31.20
VOLUME 27899
52-Week high 55.40
52-Week low 3.17
P/E 136.46
Mkt Cap.(Rs cr) 5,050
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sindhu Trade Links Ltd. (SINDHUTRADE) - Chairman Speech

Company chairman speech

"Ultimately leadership is not about glorious crowning acts. it's about keepingyour team focused on a goa l and motivated to do their best to achieve it especia l lywhen the stakes are high and the consequences rea l ly matter. It Is about laying thegroundwork for others' success and then standing back and letting them shine"

Dear Shareholders

It is my privilege to write to you as the Chairman of STLL and I feel honoured toaccept the responsibility to Chair the Board. I am happy to present to you the 25th AnnualReport (Silver Jubilee) of STLL for the Financial Year 2016-17.

The one characteristic that has defined the global economy over the last decade or sois "uncertainty" - uncertainty that has brought its share of challenges andopportunities. The year 2016-17 had its share of uncertainty which affected theperformance of the Company:

> The single biggest event that left its mark on each and every sector of thedomestic economy was "demonetisation". The Central Government's decision todemonetise almost 86% of the currency notes in circulation caused severe cash shortage inthe domestic economy which prefers cash as the mode of payments even today. This cashshortage led to a strain on the consumption demand and business activity for a greaterpart of the second half of the year. Stressed loans plaguing the banking sector and thestretched corporate balance sheets continued to be a drag on capital investments whichhave remained much below the trends over the past few years. Low inflation and a largelyaccommodative monetary policy though provided support in an otherwise difficult growthenvironment.

> The new financial year has started on an encouraging note with the Government seenkeenly pushing the implementation of the Goods and Services Tax (GST) from the secondquarter of the financial year. GST is being looked at as the single biggest indirect taxreform and is poised to push India's economic growth forward by creating a single nationalmarket and enhancing the efficiency of inter-state movement of goods and services.However given the wide scale of implementation it is likely to cause some disruptions inthe initial period and the Company will have to face this hurdle as it adapts to this newlandscape.

It gives me great pleasure to share with you an update on the overall performance ofyour Company in 2016-17. It was yet another difficult year for the global economycharacterised by low growth and geopolitical uncertainties. In India the overall marketshowed signs of recovery in the latter half of the year but faced a temporary slowdown inNovember due to demonetisation. In this challenging business environment Sindhu TradeLinks Limited (STLL) delivered a resilient performance in 2016-17.

KEY HIGHLIGHTS OF THE COMPANY'S PERFORMANCE DURING 2016-17

WERE :

• Sales of the company went up by 32.84% to 887 Crore

• EBIT of the Company went up by 1.72% to 146 Crores

• Profit After Tax recorded increase of 0.88% to 76.94 Crore Company's business inlogistics has grown at a rate of 29.46% from last year. The Company has acquired 25 newloading machines from Libherr to strengthen its logistics business.

The Company has also invested through its foreign subsidiary M/s Param Mitra ResourcesPte Limited over $ 72.9 Million in the last 5 years and demonstrated a strong commitmentto building its business outside India. The Company is aiming towards to capture theinternational market's coal mining and the Company' subsidiaries currently own 3 coalmines and has minority stake in 3 coal mines in Indonesia. The company aims to be thelowest cost coal producer in the coming years and using multi-dimensional marketing andend use strategy for coal which will be produced by several mines acquired by the Company.

This year the company' subsidiary Param Mitra Coal Resources Pte Limited through itssubsidiary M/s Dragon Power Investments Limited has entered into an agreement to purchaseanother coal mine in Indonesia which will be completed in the next year 2017-18.

I would like to take this opportunity to thank each and every employee as well as thosewho work with us across the value chain for their unstinting support and hard work in theservice of our Company. I would also like to thank you our shareholders for yourcontinued trust in the business.

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