Jumbo Bag Chairman Speech

TO SHAREHOLDERS



Nothing defnes a Company as distinctly as its employees and

shareholders, and the element of a Company that best encapsulates a

society''s values and beliefs are its shareholders. As promised last

year the company has been looking towards new fronts to develop and

spread its wings into new forte. There has been increased production

from the Clean Room, the modern generation bags with higher cleanliness

and hygiene.



Being with your company for the past twenty years I would frst like to

place my sincerest regards with those who have traveled this journey

along with the Company, and have sailed along during the troughs and

highs. As a human passes through various cycles of aging, so does a

Company, the past few years though have not been very fruitful but the

company has done its best to fght the turbulent situations. The

environment with the ever changing interest conditions, the highs and

further highs of infation and with the entire economy hit by the

financial crisis, the environment can be termed as turbulent. The other

factors such as the power shortage suffocating the Companies especially

in Tamil Nadu along with the labour shortage has impinged on the

Company''s bottom line. The Reserve Bank of India raised its repo rate

for the tenth time since March 2010 and said it will persist with its

battle against infation, even as growth slows in Asia''s third-largest

economy.



We at Jumbo Bag know that slow growth persists in India nevertheless

the Company is trying and making sure that it leaves no stone unturned.

It is believed that the strongest of fames and hardest of hits makes

the best of swords. We at Jumbo Bag, by Jumbo Bag I am referring to the

management and to the employees who are the two strong pillars of the

Company, believe that tumultuous environmental conditions and diffcult

internal conditions shall, when faced, lead to ultimately making the

Company the best of its kind. To make itself better with every step,

there are collective preparations to face the risks, and your Company

has equipped itself such that all the risks that are inherent in the

industry could be diversifed. It has been a diffcult decision for the

Board of Directors of your Company to make regarding declaring no

dividends, however the financials of the Company with an increased top

line owing to the fuctuating cost of materials has the managements

hands tied. The Company''s order positions are good. Your Company has

private power purchase plans in place to curb the non availability of

power. These factors would certainly lead to a better performance from

the Company in the coming years. Having its feet frmly fixed for a year

now as the Del-Credere Associate cum Consignment stockist for Tamil

Nadu, Pondicherry and Kerala for Indian Oil Corporation Limited the

Company expects good returns from this endeavor too.



Finally I would like to request all the Shareholders to avail the

opportunity and to attend the Annual General Meeting of your Company.



Yours truly,



G.P.N.Gupta

Managing Director