Dear Shareholders,
I am pleased to present the 30th Annual Report 2020-21 of Baroda
Extrusion Ltd It has been a fantastic year of all round performances and achievements and
all our esteemed shareholders and their loved ones are safe and healthy.
During Financial Year 2020-21 your Company achieved a noteworthy growth
of 0.25% in turnover, with net sales going to Rs.5,226.63 lakhs from Rs.5,214.08 lakhs in
FY 2019-20. PAL for the FY 2020-21 was a whopping Rs. 10.10 lakhs, up by a phenomenal 99%
reduced as compared to that of the last financial Year. Our motive has always been to
achieve sustainable growth - both organic and inorganic with right plans in place; we
started to gear-up our volumes from January 2021. Market again started to become
unpredictable from February & March 2021, with the world looking at a very real and
grim possibility of COVID-19 pandemic.
With continual, corrective efforts, we started to witness positives
from the beginning of 2021 itself. With firm, determined & focused planning we ensured
that not only we pay 100% pay all our vendors on time. Not only this, we paid a few of our
vendors before time when they reached out to us with their genuine needs. We were
convinced that with our little effort we would play our part in enhancing circulation of
money and help bail-out our vendors in need.
With financial packages given by the government, we foresee that the
Indian economy will recover quicker than anticipated. We believe that there will be
strengthening of supply and value chains driven by increasing domestic demand and
consumption. With more emphasis on Make in India and becoming ATMANIRBHAR, there is every
reason to look to a promising future for your company and our country.
On this positive note, I would like to thank all stakeholders, our
vendors, customers, bankers, financial institutions, Government bodies, dealers, business
associates and employees, for their continued trust and support. We are committed to
enhance the relationship we have created over the years, to continue to make our business
a win-win proposition for all.