Dear Members , the growth is a guiding principle at Bhandari Hosiery Exports Limited. We have always attempted to take your company one step ahead of where it was in the previous year. Going with this principle; your Company has concluded yet another eventful one year i.e. year 2006-07. During this year the Company’s Turnover, Exports, Orders in hand and Profitability in the current year has grown substantially and sufficiently as compared to last two years. The Company has touched the approximate turnover level of Rs. 65 crores during the year 2006-07 as compared to Rs. 39 crores of year 2005-06 and Rs. 23 crores of year 2004-05. The Company has a good quantum of export orders in hand and the turnover and profits of the Company are expected to grow further.

I can confidently say that we are geared up for strong growth in the future and with plans taking shape, I am optimistic that your Company will continue to outperform its previous records . To support this growth our Company is taking appropriate measures to enhance the overall productivity of the organization and towards taking it to a higher degree of professionalism.

We are thankful to all the Financial Institutions/ Banks, Our esteemed customers, suppliers/buyers/business associates and large family of investors and all other business constituents for their continued support to the Company.

Thank you