Greetings from Team Cerebra.
I am very happy to get another opportunity to address all of you this year. Your Company has consolidated its position from that in the previous year and and is growing rapidly. The new gleaming E waste plant is up and running. It is long cherished dream which came true this year and we are sure it will become the mainstay of your Company in the years to come. This is completely an environment friendly plant and very much needed for the one and all. We are sure this will become the pride of Karnataka in the years to come. A few photographs of the plant are also available for your viewing in this report.
Your Company achieved a turnover of Rs. 25197.46 Lakhs and a proﬁt of Rs. 1124.96 Lakhs for the year. Our Dubai Subsidiary is also doing very well with a market coverage of the entire MENA region with over 170 resellers covering the entire region. We also have established a small base in Qatar and will soon be setting up an ofﬁce in Saudi Arabia. Mr. Asit Ahuja, CEO for the region has explained in greater detail in this report.
We are expanding the SMT division by adding two more lines and this expansion programme is currently underway and should be ready by end of this year. We are adding more customers and the facility will be the latest in technology and will be capable of handling all materials and will have an inspection facility which you all can be proud of.
E waste as mentioned earlier is going to be the mainstay and my personal focus is on this division. We have established offices and warehouses in Mumbai and also in Chennai. We have already appointed quite a lot of collection agents across the country and will very soon have regional offices who will be working very closely with our collection agents. We have started an aggressive media campaign and have started approaching all the major E waste producers, OEMs across the country. Cerebra has an unique advantage i.e., we have worked with all these companies and some of them very regularly.
The hardware division is doing steady business and is on a growth path this year. We are again looking at a nationwide presence here and have started our services division also to take up AMCs which will work very cohesively with our E waste venture.
We take this opportunity to thank you all Shareholders,employees,vendors, bankers, advisors, Government of Karnataka and the Government of India for their continued support.
With warm regards,