Dear Stakeholders,
On behalf of the Board of Directors, it is pleasure to present the 16th
annual report of Tinna Trade Limited, for the financial year ended 31st March,
2024.
In and upto FY24, the company's primary activity has been in trading
agricultural commodities. The agricultural commodities trading business has become more
volatile and challenging over past 2-3 years due to heightened political and economic risk
across the globe. The uncertainty caused to due global conflicts the Russian invasion of
Ukraine, and escalating tension between Iran and Israel, Etc has directly resulted in very
volatile markets making trading activity extremely difficult. Due to such challenging
circumstances, , the company reduced its trading activity which resulted in lower sales in
FY24. However, I am pleased to inform that company made a small profit in fy24 due to the
dedicated work done by our team whose primary focus was to protect Captial in these very
uncertain times.. It is for these reasons and with support of our shareholders decided to
acquire 100% stake in fratelli wines Ltd. The company had been looking for a while for an
alternate business which bets on the India growth story.
In FY25, we got an opportunity to acquire Fratelli wines Ltd., which is
India's finest wine makers and the second largest Indian wine business. The Board approved
this strategic and transformative decision in the business model of the company, with the
acquisition of Fratelli Wines. In light of this move, It is our intent to progressively
wind down the trading operations of trading in
ABOUT THE COMPANY
Tinna Trade Limited (renamed as Fratelli Vineyards Limited) during
FY2025, in compliance with regulatory and legal requirements) was set up in 2009 and is a
part of the well-diversified TINNA GROUP of Companies, established four decades ago. Under
the leadership of Promoter Director Mr. Gaurav Sekhri, the Company has been involved in
the trading of Agri. and Non-Agri. products. The Company deals majorly in:
| Pulses |
Yellow peas, Green peas, Chickpeas, Lentils, Kaspa peas, Toor |
| Grains |
Wheat, Maize, Millet, Barley |
| Oil Seeds and Edible Oil |
Mustard, Soybean, Soyabean oil, Palm Oil, etc. |
| Protein |
Soyabean meal, Sunflower meal/Pellets, etc. |
| Steel Abrasives |
Steel shots, Steel Cut Wire Shots, Steel Wire scrap / Bead
Wire, Steel Grit |
The Company has played a leading role in bringing agricultural produce
directly from producers to end users. In a short period of time, the Company, has carved
an important place in agri-business and has consistently delivered outstanding
performance.
Under a Board approved process initiated during the year under review,
the Company has acquired Fratelli Wines Private Limited, as wholly owned subsidiary,
engaged in manufacturing, bottling, marketing, importing, selling and distributing wines
(hereinafter referred to as 'Product') in India. Fratelli Wines is one of India's finest
wine making company and the second largest Indian wine business.