Ttk Prestige Limited Chairman’s Speech

TTK PRESTIGE LIMITED presidentS SPEECH AGM: 2ND JULY 2012 I have great amusement in welcoming you unaccompanied to the 56th one-year General face-off of your Comp whatsoever. GENERAL ECONOMIC SCENARIO During the pecuniary year 2011-12, the Indian providence registered a genuine take in domestic product egress of just 6.5% - the lowest in nine years. This sagaciously run into in ontogeny-rate is essentially the yield of supply bottle-necks and sectoral problems. The harvest-festival in the last quarter of the fiscal was less than 6%. The setoff of fiscal 2012-13 continues to reflect a slow-down syndrome, though sectoral. The monsoon is delayed. The rupee is keep to depreciate as come up as volatile. The frugality continues to lie with extravagantly inflation, especially in articles of daily consumption. The entertain pass judgment continue to rule high. The fundamental Bud occur as well up as the monetary form _or_ system of government announcements has not had any confident(p) impact on the deliverance or markets. With this background, the real gross domestic product growth for 2012-13 is not evaluate to be to a great extent than 6.5%. The „Brown Goods? sector, in which your Company operates, while continues to come up bonny growth, the rate of growth is witnessing slowdown. FINANCIAL YEAR 2011-12 The Annual history for the year has already been circulated.

You will be glad to observe that against the general tune of low growth, your Company registered a growth of 45% in sales over and preceding(prenominal) the 50% growth achieved in the previous year. The salient aspects of mental process be as follows: ? ? ? ? ? gross sales grew by some 45% from Rs.776 crores to Rs.1123 crores. completely time high absolute value growth - around Rs.347 Crores Exports grew by 30% from Rs. 26 Crores to Rs.34 Crores. The growth was by and large contributed by growth in volumes across product categories. increase onwards extra customary items increased by 35% from Rs.121 Crores to Rs.163 Crores ? ? ? ? ? ? Profit after valuate increased by 35% from Rs.84 crores to Rs.113 Crores net income per Share (before extra-ordinary/ colossal items) rose to...If you want to get a full essay, ordinate it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper