Company Growth

The performance of the Company during the financial year 2006-2007 has been exceptional, as the Company recorded a Sales of Rs.1009.04 Crores, surpassing all previous records, which is a milestone in the history of the Company. The voluminous growth during the year was as a result of qualitative change in marketing strategies over the years besides continued thrust on identifying new product lines. Your Company has drawn out plans to achieve a higher turnover of Rs.1260.00Crores during the current year 2007-2008.

During the year Exports of the Company has aggregated to Rs.590.02 Crsores, which includes third country trade as against the previous year exports of Rs.130.58 Crores

The Company imported goods worth Rs.296.82 Crores during 2006-07 against the total imports of Rs. 211.87 Crores during the previous year.

The domestic sales of the Company aggregated to Rs.122.20 Crores during the year 2006-2007.

During 2007-2008, the Company with the approval of your Board, has programmed to achieve a higher turnover of Rs.1260.00 Crores and enhance its profitability. The Company shall put its best efforts in diversifying its trade and increase its competitiveness in the commodity trade globally.

The Company by having registered its presence in exports and import trade is confident of achieving its corporate goals as well as targeted turnover and profitability.

Profitability and Productivity

During the year the Company earned profit before tax of Rs.18.35 crore representing an increase of 102% over the previous year and profit after tax is Rs.12.00 crores, which is an increase of 101% over the previous year. As a result, earning per share has increased to Rs.800/-from Rs.398/- of previous year.The trading profit of Rs.20.48 crore is also increased by 78% over the previous year trading profit of Rs.11.48 crores.

The profitability of the Company has gone-up exceptionally, surpassing all previous records and as a result, Net Worth over the years successively has increased to the level of Rs.28.69 Crores, thereby enhanced the liquidity position.

In view of improved profitability, the Company has already paid an interim dividend of Rs.167.00 lakhs as per the decision of the Board of Directors in its meeting held on 12.01.2007. The Board recommends an additional dividend of Rs.73.00 lakhs, thus taking the total dividend for the year 2006-07 to Rs.240.00 lakhs, i.e. 160% on Paid-up Capital of the Company which is 20% on Profit After Tax [PAT].