Dear Fellow Shareholders,
It gives me pleasure to share with you an update of the overall
performance of your company. Inspite of challenging year for Indian
Exporting Industries, your company performed well and delivered
another year of consistant, competitive and profitable performance. The
Company received best exporter award for overall export performance
during 2018-19 from Council for Leather Exporters, Central Region,
Chennai. In addition to Export Award in overall category, the company
also received the Best Exporter Award in Leather Footwear, Harness
and Saddlery (Non Leather) and 2nd prize for Leather Goods and
Finished Leather.
Your company achieved turnover of Rs.4982.52 millions and export
turnover of Rs. 3901.68 million during the year. The export turnover
contributing 78.30% of the total turnover. The impressive share of
exports is an indicator of the very good demand for the products of the
company across the world.
In spite of overall challenging condition of International Market, The
company earned profit before tax of Rs 24.35 Crores during the year
review as compared to Rs. 29.11 crore earned during the previous
year.
Your company has strong financial to support its ambitious growth plans. Our results reflected sound execution of our
business plans, centered on global expansion and disciplined cost and asset management.
The current pandemic is a big force for all round change. Change is the only rule in current times to constantly assess
and realign the way we work, we socialize and the way we live. This is the only way to stay relevant with what the
future might hold for us. For all of us, there has never been a bigger need to focus on and priorities personal safety
and hygiene.
As a responsible Corporate Citizen your company serves the society in the domains of Education and Healthcare and
environmental. The company contributed Rs. 46.85 lacs towards Corporate Social Responsibility(CSR) activities.
I would like to thank all our customers, suppliers and colleague in India and abroad for their wholehearted support
and valued contribution during 2019-20. Further, we have much to look forward to as we strive to make our company
even stronger and continue to focus on delivering to our customers.
I am grateful to our independent directors who have given their contribution and shares their valuable experience and
knowledge of the management to take the company forward. I also take this opportunity to express my gratitude to all
our stakeholders, who have reposed a trust in us and extended their constant support.
With best wishes
Mukhtarul Amin
Chairman and Managing Director
|
Mr. Mukhtarul Amin
Chairman & Managing Director |
