:: ARROW COATED PRODUCTS LTD ::

Chairman Message

Friends and Partners,

My heartfelt Greetings to all my valued, Shareholders and pattrons. We have successfully completed 16 eventful years of business driven by values and ethics. Your company follows the ethos of producing and marketing products which satisfy the needs of the planet Earth as also all us living-beings settled on it.

Past several years, we have had a very good run, as far as both top line and bottom line is concerned. However, since the Board decided to discontinue the business of Digital machines, Your Company has seen a drastic drop in the business.

However this was necessary and is a very prudent step. This has allowed us to focus on our core business of manufacturing our patented products like, water soluble films and their variants.

The economic down turn also took it's toll on us, besides other external factors had a negative impact on your company's top line and bottom line.

While our focus has always been on Water Soluble Films (WSF) and Bio-compostible films, which are inter alia directly and indirectly linked to Agro-chemical industry, we were simultaneously hit by bad monsoons. This curtailed the sales of weedicides and fungicides, which are the biggest consumers of WSF.

Other big consumers of WSF are Textiles and garments industries, due to downturn in exports of garments, the demand of WSF was affected resultantly. Our sales of Bio compostible films, which are mainly used for high quality garment packaging, also took a negative hit.

All put together, your company did not fare well, inspite of brilliant and dedicated efforts put in by Team Arrow.

Going forward we intend to focus on business which are totally in our control and are protected by various patents. We intend to focus on businesses of our JV partners and market products which are laced with heavy technology. However, our mission will remain the same, we will focus and deal in businesses which help Planet Earth, and secure the lives of teaming millions.

I have directed my team members to focus on their respective SBUs, which were formed during the past years. We are fortifying these SBUs, with energetic human assets, and technical support.

Looking forward, and having conviction in the strong fundamentals of our business, we feel that from hereon, the future looks bright, due to following bright spots.

Arrow Pharma Foray : Taking advantage of the patented technology, your company is in the process of securing partner(s) in the field of Pharmaceuticals and Nutraceuticals for entering into this highly lucrative and IPR sensitive field. Revenue steams include licensing and royalty earnings, earnings from infringement cases, and P2P product sales.

Arrow Agri-care Foray : Arrow proposes to enter crop protection business using a different version of this patented process and patented product. Using our capsule packaging know-how, we intend to leverage our custom made grades of WSF, to enter into strategic alliances with the big players of Agro-chemical industry. These are long term revenue generating areas that your company is targeting, using our patents and knowledge acquired over the years.

Both these ventures will mean additional Capital expenditure and your company is planning this ahead of time.

SBU : I am pleased to inform you that the IPR cell formed under my guidance within your company has got enviable success during the past year, and this has buoyed us for looking for newer, wider business. Till last year we have been granted 16 patents by Indian Patent office. EU Patent Office, Eurasia Patent Office, South African Patent office and Australian Patents Offices. These are in various fields, including Personal Health Care, Pharma, Bio Compostible composites, Security Paper etc. This will mean going forward more revenues to you company in form of royalties, Exclusive Marketing Rights (EMR), Exclusive Production Rights (EPR) etc.

Nagra-Arrow Secure Card Pvt Ltd (NASC), is a joint venture between with Nagra-ID, a Kudelski Group Company, listed on SWX, Switzerland is expected to do well in carrying years. As the UID project will progress, so will the applications based on secure smart cards will progress. NagraID, has some very unique and patented technologies, and proven applications, which will bring revolution in financial transactions businesses and security fields.

We also recognize the urgent need to develop a global cadre of managers to enable us to place our footprints in the global market as a manufacturing base. I assure all stake holders that we are moving in this direction slowly but steadily. I would also like to thank my wonderful and committed team. I would like to thank my partners for their relentless faith in the company.

Shilpan Patel
Chairman & Managing Director


Annual Report or Financials
	Annual Reports
	Annual Report 2008-09	Click here to view
	Annual Report 2009-10	Click here to view
	Annual Report 2010-11	Click here to view
	Quarterly Results (current year)
	Results 31 Mar 2010	Click here to view
	Results 30 June 2010	Click here to view
	Results 30 Sep 2010	Click here to view
	Results 31 Dec 2010	Click here to view
	Results 31 Mar 2011	Click here to view
	Financial Highlights	Click here to view

Performance at a glance		Click here to view

Investor's Information
	Shareholding Pattern(last one year)
	Shareholding 31-03-2010	Click here to view
	Shareholding 30-06-2010	Click here to view
	Shareholding 30-09-2010	Click here to view
	Shareholding 31-12-2010	Click here to view
	Shareholding 31-03-2011	Click here to view
	Registrar & Transfer Agents & ISIN no.	Click here to view
	Dividend History	Click here to view
	Announcements as per BSE site	Click here to view
	Information about Amalgamation of Company	Click here to view

Corporate Governance
	Brief History of Company's director on composition of Board	Click here to view
	Board of Directors, Brief profile	Click here to view
	Code of Conduct

Stock Performance – from BSE site		Click here to view

Archives
	Notice of General Meeting
	Postal Ballot Forms
	Exchange(s) where company is listed	Click here to view
	Nomination facility & form for the same	Click here to view
	Information for transfer on Unpaid Dividend	Click here to view
	ECS (Electronic Clearing System) Mandate
	Copy of prospectus, if any
	Multiple Mailing	Click here to view

Investors Contact
	Details of Compliance officer:
	Mrs. Sandhya Jadhav Tel: 022-26352500 Fax: 022-66923377 E-mail: sandhya@arrowcoated.com
For any assistance regarding share transfers, transmissions, change of address, non – receipt of dividend, dematerialization of shares or any other query relating to shares, please write to:
	Arrow Coated Products Limited
	Mrs. Sandhya Jadhav- Compliance Officer 5-D Laxmi Industrial Estate, New Link Road Andheri West, Mumbai 400053 Tel: 022-26352500 Fax: 022-66923377 Email ID: sandhya@arrowcoated.com
	System Support Services
	209, Shivai Indl. Estate, Near Park-Davis, 89, Andheri Kurla Road, Saki Naka, Andheri East, Mumbai – 400072 Tel: 022 – 28500835 Fax: 022 – 28501438 Email ID: ______________

Printed Cast Water Soluble Film :
A final solution to the problem of packaging of Agrochemicals.