It is a privilege to write to you again as the Chairman of the Board ofZeal Aqua Limited. This financial year 2019-20 has shown a remarkable growth. The companyhas made a turnover of Rs. 24961.02 Lakh in the financial year 2019-20 and has shown arise by 4.83% as compared to the previous year turnover of Rs. 23811.62 Lakh.
This year could have been more better and shown better results if thisCOVID 19 would not have busted. GOI announced entire Lockdown on 25th March2020 due to which the operations of the company were put to a stop.
In terms of global situation Impacts on aquaculture businesses wereimmediate. Lockdowns subjected the value chain to severe domestic and internationaltransport disruptions for production inputs raw materials for processing and finishedproducts for domestic consumption and export. Strict enforcement of restrictions on themovement of materials and people including workers made farm inputs such as feed andseed unavailable. Small farmers suffered business losses because they could not selltheir harvests or were forced to sell at low prices. Many farmers cannot keep feedingtheir stock for too long without revenue as they must repay loans.
Currently we are exporting to Europe US UAE Saudi Arabia VietnamAustralia Japan Netherlands South Africa China and South Korea. We are also got theBRC certification and HACCP so that we can target different geographies and increase ourfootprints. To support this growth we have alongside embarked on several marketinginitiatives and planning to participate in all major exhibitions.
At Gujarat we have a natural constrain of cultivating only one cropper year so for better control and efficiency we are have started pilot project ofnursery culture for shrimp farming and which the resulted significant growth. Due toimplementation of nursery project production cost has reduced and overall survival ratesand production per unit area than in single-phase grow out systems has increased thusimproving the bottom line of the farmers. We are also in final stage of getting theallocation of 350 Ha of land from government which we will develop in phase manner thusour raw material supply is secured.
With international demand continuing to be significantly strong thanksto changing lifestyles and food preferences we continue to remain optimistic about ourgrowth and success in the industry. Geographical expansion thrust on R & D andforward integration shall augur well for the future growth of your Company and therebymaximize shareholder value.
I would like to specifically thank our valued employees whosecontribution in this journey is immeasurable. I value their dedication and commitment tothe tasks at hand towards the pursuit of our short and long-term goals. Also I would liketo thank all our stakeholders who have shown overwhelming confidence trust and support inus and importantly for our journey as shrimp processor also the encouragement they haveshown us is in the pursuit of our goals.
Thank you all.
|Shantilal Ishwarlal Patel |
|DIN: 01362109 |