Annual Report
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
Tailored
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
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
Tailored
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