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Orosil Smiths India Chairman Speech
BSE:531626 | IND:Diamond Cutting/Precious Metals/Jewellery | ISIN code:INE628B01034 | SECT:Gems and Jewellery
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You can view the entire text of Chairman's speech of Orosil Smiths India Ltd.
Chairman's 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
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
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Stock Summary
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Half Yearly Results
Capital Structure
Chairman's Speech
Company History
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Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
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