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केपीआर मिल

बीएसई: 532889  |  NSE: KPRMILL  |  ISIN: INE930H01023  |  Textiles - Readymade Apparels

खोजें केपीआर मिल कनेक्शन Mar 15
अध्यक्षीय भाषण साल : Mar '17

Dear Shareholders,

I am pleased to present the 14th Annual Report of K.P.R. Mill Limited. The Financial Year 2016 -17 has been yet another growth oriented and successful Year for KPR. I wish to share with you some of its highlights:

We grew profits faster than revenue. Effectively managing our business with strong operational execution, delivered profitable growth to our shareholders. The disciplined financial approach resulted in consistent profits, Cash Flows and enjoys a well-capitalized Balance Sheet

Expansion

As regards the expansion in value added segment, I am glad to inform you that

* 36 Mn New garment capacity ramp up is progressing as per plan.

* Eco-friendly Processing Unit 2’commenced its operations.

* Sophisticated high resolution printing division started Commercial operations.

Driving shareholders value

We remain highly focused on superior shareholder value. During fiscal 2017, in order to improve the liquidity of the shares of the Company’s in the stock market and to encourage the participation of small investors by making the shares affordable, the Equity Shares of the Company of Rs. 10/each was split into Two Equity Shares of Rs. 5/- each. In addition, with a view to return our free cash flow to the shareholders, we resorted to buyback of shares by giving an option to all the Equity Shareholders to participate in the same.

Cotton & Power

India is the largest producer, 2nd largest exporter and also a leading consumer of cotton in the World. Remunerative prices in previous year have encouraged farmers to grow more cotton. Given the forecast of a normal monsoon, India’s cotton output in 2017-18 may also rise. The balanced supply and demand situation will lead to stable cotton prices, which may help Indian textile firms in keeping their input costs lower. The rollout of Goods and Services Tax (GST) may also help lower the cost These factors will improve the earnings outlook for textiles. With the support of captive power,KPR has an edge over others in respect of power cost.

Value addition to Human Resource

We always consider that people are the most important asset of an organization. Majority work force of KPR consists of women employees. The value of human assets can be increased substantially by investing in their welfare activities, so as to create efficient, healthy, loyal and satisfied labour force for the organization.The purpose of providing such facilities is to make their work life better and also to raise their standard of living. Employee welfare is an essential part of social welfare. Education is one of the most important, means of empowering women with the knowledge, skills and self-confidence. Acknowledging them as potential human resources, investment is made in developing their capacity in terms of education, skill development through training. As in every year with the best coaching facilities extended through well experienced full - time teachers, this year also our Employees have completed the higher education with flying colors. An employee of KPR, who has scored 1,123 out of 1,200 in the Government’s plus two examinations, says’ I would like to become an IAS officer after completing my college studies’. She is among the 189 girls from KPR who has successfully passed the exam this year. More than 25 employees have scored above 1,000 marks. Over 20,000 women workers have been benefitted so far by the educational facilities. In the Government sponsored skill development programme, around 2000 employees participated during the year. As you are aware, the textile industry is labour intensive and our employee care facilities address our additional workforce requirement with ease.

CSR Activities

On CSR front, we continue to contribute predominantly on promotion of Education which plays a vital role in shaping tomorrow’s leaders. Not only can we become a better nation by acquiring the skills necessary to be productive members of a civilized society but also meet challenges that can produce changes which are productive for attaining business innovations, political and economic objectives.

When parents think about their children’s future, they see collegiate education as vital to their children’s success and when saying so, they most frequently mean an education of high standard. It is with the objective of making high quality education affordable to common public, we are focusing on the same. Towards augmenting green cover, in an ambitious tree planting program, the Company has planted more than one lakh saplings in the villages and our Units.

Acclamation

KPR’s visionary plans & dynamic management continues to crown its Management as one of the ‘Top 100 CEO’s of India’ for the year 2016 successively besides sustained ranking in the ‘List of Top 500 Companies in India’. Overwhelming endorsement and enthused response from the shareholders elevated KPR’s market cap to cross $ one Billion and I wish to thank the Shareholders for their unstinted support.

Future ahead

Globally, India has the second-largest integrated textile manufacturing facility. The textile and clothing sector is strong in spinning and garmenting segments. In the last fiscal, India’s the ready-made garment clothing exports rose 2.31% .35 billion. in which almost 80% are cotton based. Realising that a push in apparel exports can be an engine of growth for the other segments, the Government is keen on incentivizing the Garment sector. However, the Infrastructure challenges, preferential tariffs that neighboring countries enjoy with EU markets, need to be addressed for textile and clothing exports to leap forward. To leverage on the strengths in the spinning and garment segments strengthening of the processing and allied segments have become imminent. The strategic expansion implemented in low capital internship Garment and Processing segments, self- sufficiency in power, focus on value added products, comfortable cash flow are some of the major factors placing KPR in a lucrative position to reap the benefits from the bright prospects.

I thank the entire Management for their invaluable team work to achieve the desired results. I am thankful to the Board of Directors for their guidance and contribution for the growth of the Company. l would like to thank our long-term shareholders as well as those who have joined us recently for their unstinted support and confident.

With best wishes

K.P. Ramasamy

Chairman

स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • BREAKING NEWS LOWER : देश में अब तक 45,24,317 कोरोना टेस्ट हुए
  • BREAKING NEWS LOWER : देश में कोरोना के मामले बढ़कर 2,36,650
  • BREAKING NEWS LOWER : देश में कोरोना के कुल 1,15,942 एक्टिव मामले
  • BREAKING NEWS LOWER : अब तक 1,14,072 कोरोना मरीज ठीक हुए
  • BREAKING NEWS LOWER : देश में कोरोना से अब तक 6642 लोगों की मौत
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