Chairman Message

We believe that there is no top….

                                                                   There are always further heights to reach……….

Dear fellow Shareholders,

Let me start with joy. 2012-13 has been the best year of your Company – much better than even the previous year, which was till the best in the history of NHC Foods. Here are some facts in comparison with previous financial year 2011-12:

(Amt. in Lacs)

• In a record year, net sales and other operating income increased from   Rs. 9326.27 to Rs. 13785.64.
• Exports were at an all – time – high and increased from Rs. 7718.15 to 10670.25.
• Operating profit before tax (PBT) and exceptional items increased from Rs. 75.29 to Rs 239.39.
• Profit after tax and exceptional items increased from Rs.46.32 to Rs. 161.07.

Your Company’s model of a balanced portfolio with strong value added businesses and operational excellence have been the key drivers of this commendable performance. As we continue to meet customers across the world, we remain convinced of the huge potential of your Company in the global market. The key will be our ability to remain relevant to our customers, understand their business needs and perform with rigor to meet those needs. We are also concentrating on marketing new products like Basmati & Non Basmati Rice which is in huge demand world-wide as it is the staple diet of majority of the World’s population. We are also concentrating on marketing Medicinal Herbs and Ayurvedic Products which had good market potential in South Asian and Far East Countries. At present we have launched our own Brand “SAAZ” of Blended Spices in the Indian Market and we are putting in all our efforts to launch our Brand of Blended Spices in the International Market also.

Your Company was recognized by industry, customers and the media for excellence in many dimensions including overall financial performance, human resources, sustainability and individual leadership.

Further, I am happy to inform you that, your Company won prestigious award from the Spices Board (Ministry of Commerce & Industry, Government of India) in recognition of outstanding performance in the Export of Spices and Spices Products for the year 2011-12.

I am grateful to the All Directors, Staff Members, Distributors and all the Stakeholders  for their support and guidance, for which we are able to achieve these commendable performance .

//// If we move forward together then success takes care of itself ////

With Warm Regards,

Sd/-

Apoorva Shah

Chairman and Managing Director