Dear Shareholders,
Dear Shareholders,
It gives me great pleasure to share with you the 2nd Annual Report of Your Company and
share our journey through the last financial year.
Last Financial year was remarkable year for your company as Inflame Appliance Limited
successfully commissioned production at new facility. At the outset, on behalf of board of
directors and the team, we would like to take this opportunity to thank you for your
support and confidence in your company during the growth phase of the company.
It is this trust that encouraged, enabled and inspired us to deliver a strong financial
performance of Rs. 55.11 Crores in turnover clocking a 72% Growth and recorded the Profit
after tax (PAT) Of Rs. 2.06 Crore registered the growth of 66%.This performance has been
possible because of the combined efforts of our people who have worked with a strong focus
and driven many innovative and impactful initiatives in the year gone by.
The macroeconomic scenario of the country remains strong with stable government in
place, FDI inflows remains strong, asserting our attractive position in global scenario,
Combined with some decisive steps for debt overhang resolution in industry this augurs
well for investment climate in the country.
We are now getting ready to brace ourselves for a new tomorrow with the New Products
added in our product basket, New facility and machines.
During the recent years Company bought 12175 sq meter of land on NH73, near Panchkula,
Haryana for setting up new facility where approx 4500 Sq meter of sheds/office blocks are
already Constructed. The Company shifted all its operations from Baddi, Himachal Pradesh
to this new facility in phased manner during this year.
Company Added 15000 numbers per month of production capacity for Electric Chimneys,
5000 numbers per month of production capacity for Hobs and 1000 units per month production
capacity for cooking range. Production Capacity for existing products have also Increased
during last year. Steel Gas Stoves production capacity has also increased from 50000 to
125000 numbers per month and Glass Stoves from 5000 to 20000 pieces per month.
Within a month of completion of production capacity expansion, your company is able to
achieve production of 2500 Pieces per month of Electrical Chimneys and expect to achieve
approx 10000 pieces per month by second half of current financial year.
Average Current Steel Gas Stove Production is 75000 numbers Per Month and Glass Stoves
Production is 4500 pieces Per Month and we expect to achieve production of 15000 pieces
Glass Gas Stoves and 100000 Steel Gas Stoves numbers per month by October this year.
Your Company has Marketing agreements with Oil Marketing Companies to market, sell,
distribute and promote LPG Stoves to domestic consumers using their Distribution channel
which has over 16000 distributors across India. Currently Company supplies its products in
the brand name of "INFLAME" through a network of its 40+ Distributors across
India.
Apart above, your Company is also setting up its own distribution network for open
markets to sell its products under the Brand Name of "INFLAME" in major states
in India. Recently, Distributors Network has been set up in the States of
Maharashtra, Gujarat, West Bengal, Uttar Pradesh, Punjab, Haryana, Jammu & Kashmir
and Himachal Pradesh. In time to come, this distribution network would be spread across
pan-India and complete product range would be offered to consumers through this
distribution network.
Your Company is also involved in manufacturing different models of gas stoves for
Hindware since about 4 years and currently contribute to over 80% of their total demand.
Recently, this partnership is also extended to manufacture chimneys for them. Apart from
Hindware, your company has recently got into an agreement with AKAI INDIA for being
exclusive manufacturer of electrical chimneys, Hobs and gas stoves for them under their
brand. This partnership is expected to generate huge business opportunities for both
companies. Your company has also been selected by BSH Home Appliances (BOSCH SIEMENS HOME
APPLIANCES) to be in their pool of suppliers for Chimney. Recently, your company is also
approved by Sun flame Appliances for supply of chimney under their brand name.
Your Company has completed the process of registering with Railway Coach Factory (RCF)
for supplying of various stainless steel /mild steel components which are used in railway
passenger wagon. Company’s unique facility are able to offer various components for
railway coaches and company looks forward this segment and expect 5-10% of total revenue
from this segment.
Your company started exports of various models of chimneys and gas stoves in nearby
countries and have initiated process of exporting its products to various African
countries. During current financial year, your company expects to achieve 15-20% of total
revenue through exports.
I would like to thank our employees for their efforts, our customers for their trust,
our vendors for their cooperation, our regulators for their oversight and our investors
for their confidence in our abilities. These are the pillars that will drive our success
as we set out to become a better, bigger & stronger organisation.
Thank you.
Yours sincerely
Aditya Kaushik
Chairman & Managing Director
June 03, 2019