Orosil Smiths India Chairman Speech

Dear Shareholders,



It gives me immense pleasure to welcome you to the 19th Annual General

Meeting of your Company.



During the year 2012-13, all of us have witnessed a little bit of

upturn and facelift in the global economy which leads to the growing

prospects in the jewellery industry as well. Apart from euro zone

problem which is also adversely affecting India''s growth story, the

prices of precious metals like gold and silver are rising by leaps and

bounds so volatile which has become a concerning issue for the mango

people. Looking into the current market scenario, our company has

introduced the two brands named "Kuhjohl" and "Sincere". With

the launch of Kuhjohl , we are catering to the ever increasing demand

of Sterling Silver jewellery made with Swarovski Elements & Swarovski

Zirconia which is delicately crafted to perfection and plated with fine

rhodium. Our "Sincere" brand has successfully fashioned fine

quality 14k Gold jewellery made with Swarovski Zirconia (Signity) and

18K Gold jewellery studded with diamond which has now become the first

choice of the common man because of its excellent quality, latest

design, and affordable cost effective price. The company has already

opened its store at Vaishali, UP and we are getting excellent response

from the customer''s end. We have started getting enormous response

for the franchisee & dealership for our both brands and hopeful of

generating remarkably good business during this FY 2013-14.



Unlike other developed countries in the world, e-commerce has reached

at its zenith in India as well. Our both the brands have established

its strong presence on web also & we are now associated with our

various channel partners namely Jabomg, Snapdeal.com, Pepperfry,

Futurebazaar.com etc which has its excellent online presence.



Your Company is hoping to rise with the industry trend out of slowdown

and will definitely show the sign of prosperity very soon.



At this note I would like to thank all the stakeholders, bankers and

business associated for having confidence in the Company.



As always, I continue to seek your good wishes and support for our

vision and goal.



B.K. Narula



Chairman & Managing Director