Annual Report

Topics: Cotton, Textile, Knitting Pages: 97 (26265 words) Published: April 22, 2013
Sangam (India) Limited • Annual Report 2011-12

Sangam (India) Limited

Forward-looking Statements
The report contains forward-looking statements that involve risks and uncertainties. When used in this discussion, the words like ‘plans’, ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, or other similar expressions as they relate to Company or its business are intended to identity such forwardlooking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The Company’s actual results, performance or achievements could differ materially from those expressed or implied in such forwardlooking statements. The Company undertakes no obligation or responsibility to publicly amend, update, modify or revise any forward-looking statements, on the basis of any new information, future event, subsequent development or otherwise.

What Inside?

Tailored to excel Key operational highlights Revenue analysis Investor highlights Unveiling our new identity

2 7 8 10 11

Chairman’s review Management Discussion and Analysis Directors’ report Corporate Governance report Financial section

12 22 30 36 44

You cannot tailor make the situations in life, but you can tailor make the attitudes to fit those situations before they arise. Zig Ziglar


to excel

2011-12 was an eventful year for us at Sangam. While the challenges ensured that we work harder; the achievements enabled us to relax for few moments in an otherwise busy year. So our denims were put to good use – it helped us deal with the tough times and yet made us look good. Like it, we too never lost our shine and shaped ourselves in the face of adversities. As some would say, our fighting spirit truly lies in our jeans! Our spirit to imbibe the change and grow against all odds also resulted in some achievements: we successfully doubled the capacity of our Denim unit our strategic investments in infrastructure services business enabled us cushion the impact of a sombre year in core business we continued to improve our brand recall through aggressive marketing initiatives




Each challenge in-turn proved to be a motivation. We worked harder on each and every critical aspect of our business – from warehouse to the boardroom to the shopfloor. In doing so, our zeal, like our suits never wrinkled or simply never went out of fashion! At Sangam India, we believe that what we make, shapes us, steers us and defines us. We are a young and energetic company that loves to dress up India – from boardrooms to malls; parties to seminars and from power lunches to candlelit dinners. Our integrated business model, having presence from yarn to branded apparels, empowers us to provide superior quality, finishes and affordability to a broad spectrum of customers ranging from aspirers to achievers. We are Sangam India and we are tailored to excel.




we are

Established in 1984, Sangam India Limited is the flagship Company of Sangam Group. The Company holds business interests across diverse sectors, namely textiles, steel, infrastructure, power and energy. Sangam India represents the textiles vertical. It was established by Mr. RP Soni, the Group patriarch, a first generation entrepreneur and presently the Chairman of the Company. Reputation We are among the leading textiles companies in India with presence in PV (polyester viscose) dyed yarn and fabrics. Leaders in PV dyed yarn segment with 25% market share in India. Fully integrated – from yarn to branded garments Have forayed into denim and suiting fabrics. Initiated comprehensive branding initiative. Products portfolio Yarns: PV and Cotton Woven fabrics Branded suiting Denim fabric Texturised yarn Wind power

Division Spinning (Ring Spinning) Spinning (Open End) Synthetic Fabric Denim Fabric Fabric Processing...
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