Dear Shareholders,
I feel happy and honored in presenting the Annual Report of Company for the Fiscal 2019
which marked an extremely satisfying performance. The Company performed outstandingly in
all its parameters namely capacity utilization, Turnover, PBDIT and Net Profit. The
production rose by 32.13 % to approximately 2500 tones, with Gross turnover to Rs.3624.85
lacs , PBDIT raised by 20.42 % and the Net profit (PAT) of Rs.85.76 lacs for the F.Y
2018-19
Due to Technology Up gradation Fund Scheme, MSME & Skill Development, Rising income
levels and changing lifestyles driving demand for plastics. Established democracy &
stable democratic government with favorable economic policies. Huge growth opportunities
in India for plastics due to lower per capita consumption as compared to world average
,Flexible packaging industry poised for strong growth, insulated from the current economic
scenario due to huge & diversified consumer base & so many other steps are taken
by government will help us in Plastic Industry.
It has been possible because of the leadership of the Managing Director Shri Bharat H
Gala, his competent and sincere team and the encouragement received from the Shareholders.
The Board of Directors also made its contribution by guiding the affairs of the company
and by providing needed inputs from time to time.
The Managing Director Shri Bharat H Gala believes in leading the company from the front
and I would like to place on record our deep appreciation for the efforts put in by him,
his management team, the workers of the Company and above all, the moral support and
encouragement received from our esteemed shareholders in managing the affairs of the
Company. I wish all of you, a great time ahead.
With Best Wishes
Shri Bharat H Gala
Chairman