With the upgradation and modernization, the Company had undergone in the year 2008-09, the Company was able to
increase its turnover by more than 15% from Rs 11246.29 Lacs in the year 2008-09 to Rs 13250.01 Lacs in the year
2009-10.
With expansions coming on stream and severe liquidity crunch seen during the year, both depreciation and interest increased
during the year 2009-10, while depreciation increased from Rs 1837.95 Lacs in 2008-09 to Rs 2282.47 Lacs in 2009-10,
finance charges (mainly interest on Term Loans) increased from Rs 1098.21 Lacs in 2008-09 to Rs 2264.61 Lacs in 2009-
10. Consequently, Loss after Tax increased by 89.27 Lacs to Rs 1926.42 Lacs in 2009-10.
The Company has been successfully running its manufacturing plant for Precipitated Calcium Carbonate (PCC). The main
objective for implementing the proposed project was to achieve excellence and cost competitiveness in paper making
manufactured by the company and to produce better quality of paper and paperboard and more over to provide multi-grade
PCC to other industry.
The Hotel of your Company, which has become operational since 15th February, 2009, is running successfully. It offers 216 spacious guest rooms and suites providing the perfect accommodation for both business and leisure guests.
The Company had entered a Management and Territory License Agreement with Country Development and Management
Services private Limited for using the brand "Country Inn & Suites by Carlson”.
As a part of the Management Commitment towards System implementation, the Company achieved environment management
Certification of ISO 14001: 2004 for the year 2009-10.
I would like to express my gratitude to our Board of Directors for their determination to forge ahead inspite of many challenges.
I am also grateful to all our stakeholder- our customers, suppliers, bankers and employees, who have reposed their trust in
us and stood by the Company through this voyage of challenges and change and given us their constant support. With all
their continued contributions I see the company far ahead.
With best wishes,
Salek Chand Jain
Founder Chairman
