Dear Shareholders,
It is my privilege to present before you the 75'" Annual Report of your Company,
celebrating the Platinum Jubilee. The Company has had a long and momentous journey. The
present Management comprising of the members of Shri Surajmal Taparia Family had taken
over the control in August, 1966; they have also completed their journey of 50 years in
managing the company affairs. It is, therefore, a celebratory moment forthe family as
well.
Since being taken over by the present Management, the Company once having an annual
turnover of around Rs. 19 lacs and functioning from two rented small tin shed
establishments at Wadala & Naigaun in Mumbai, with Shareholders' Funds of Rs. 17 Lacs,
has grown to achieve net turnover of Rs. 4470 crores from 25 manufacturing plants in 11
States & Union Territories, with an increase in Shareholders' Funds to Rs. 1553
crores, as on 31st March, 2017, thus registering a CAGR of 22% and 20% respectively. Your
Company, since 1966, has been committed to Plastics & Plastics Processing as its core
business which continues as on date.
Your Company's Mission and Vision are to conduct business with ethical practice and
WALK OUR TALK. Your Company offers consistent products and services with uncompromising
quality, supported by continuous improvements and innovations, thereby exceeding
customers'expectations.
Your Company follows with uncompromising zeal, its strong beliefs in integrity and
honesty when it comes to dealing with all its stakeholders. With focused energy, insight,
creativity and astute business sense, our initiatives have shown tangible results in shape
of a constant ascent in our performance graphs. The pride & glory of Supreme gains a
whole new meaning as we look back on our trail-blazing saga of growth. It radiates with
our path breaking innovations in the shape of products and systems that have truly
redefined the plastics industry and its markets. Always in pursuit of better quality
products and new age designs, every single product rolling out of our state-of-the-art
manufacturing facilities, is a glorious example of the highest standards of quality
excellence.
In tune with its Quality Philosophy, your Company stands committed to seeing this
excellence permeate in every aspect of its operations at every level in the organization.
The larger quality consciousness helps us make superior products, exceed the expectations
of our existing clients and win new customers with confidence.
The Company has always been a customer-focused enterprise and is a pioneer in
introducing many products in India. Your Company has set-up many manufacturing facilities,
introduced several new products thereby increasing the application usage of existing
products, and also exited from products, which were not beneficial to the stakeholders'
interest. The avowed objective of all business decisions has always been to enhance
Shareholders' wealth.
Without resting on past laurels, your Company will continue to build on its strengths
through effective steps. I am grateful to our stakeholders-customers for their belief in
our product quality and services, our suppliers for their unqualified support to supply
quality raw material & components and adhere to delivery commitment, our bankers for
lending funds & providing services at the finest rate, colleagues whom we recognize as
our core asset for their enthusiasm, unstinted devotion and commitment towards the quest
of excellence & efficiently steering the company's resources, our Board Members for
their wisdom and continuous support; and you, our shareholders for your trust and
confidence.
As we all embark on the journey towards the future, we foresee greater challenges and
even greater opportunities. Let's collectively dedicate ourselves to the Supreme vision to
be:
A) An innovative product manufacturer, b) One of the best employers in the
manufacturing segment.
I am confident that the team of your Company with its focused efforts and spirit to
excel, shall achieve this vision.
With best wishes,
| B. L. Taparia |
| Chairman |
| Mumbai |