About
R M Drip & Sprinklers Systems Ltd
R.M. Drip & Sprinklers Systems Limited was originally incorporated as a private limited company with the name 'R.M. Drip & Sprinklers Systems Private Limited' on 20th December 2004. Subsequently, it was converted into a public limited company and the name of the Company was changed to 'R M Drip and Sprinklers Systems Limited' on 27th June 2017.
Vijaykumar Kshirsagar, Shubhangi Kshirsagar, Arjun Makani, Lila Makani, Nivrutti Kedar and Sureklia Kedar are the promoters of the Company. Vijaykumar Kshirsagar and Shubhangi Kshirsagar were the initial subscribers to the Memorandum of Association of the Company. Arjuu Makani, Lilaben Makani, Nivrutti Kedar and Sureklia Kedar joined the company and were allotted shares on October 13, 2014.
R.M. Drip & Sprinklers is engaged in the business of manufacture and sale of Micro Irrigation System (MIS) consisting of Drip Irrigation System and Sprinkler Irrigation System, its components, irrigation accessories and allied products.
R M Drip & Sprinklers Systems Ltd
Chairman Speech
Dear Shareholders,
I am addressing you at a time when the Nation as a whole is slowly transiting from the
crisis caused due to pandemic to normalcy while simultaneously gearing itself for a phased
reopening of the economy, and preparing for life beyond Covid-19. The past two years have
been challenging and your Company has been able to withstand the crisis to the best of its
efforts.
Before I begin to share the insights of the financial year 2021-22, first and foremost
I would like to express my gratitude on behalf of the Board of Directors to the entire R M
Drip family including the customers, vendors and other stakeholders for their co-operation
and support and untiring efforts in the exceptional circumstances of last two years and
the trust and confidence reposed in us. I also thank my fellow Board Members for their
invaluable support in guiding the Company and enabling another year of growth.
Highlights:
It has always been a pleasure and privilege to share with you the highlights of the
year's performance and outlook for F.Y. 2021-2022:
-I- Our total revenue for the year is Rs. 18.61 Crore as compared to Rs. 18.65
Crore in the previous year.
-I- We incurred a Loss Before Tax of Rs. (0.53) Crore as compared to profit
before tax of Rs. 0.29 Crore which was incurred in the previous financial year.
-I- We incurred a Loss After Tax of Rs. 0.94 Crore as compared to profit of Rs.
0.11 Crore which was incurred in the previous financial year.
Resilience:
The Company had survived the previous year in the face of crisis caused by the
pandemic. Being an allied Agriculture Industry, and engaged in manufacturing of equipment
and tools for the use by Farming Community, our Company was permitted to carry on the
business after the special permission that was granted by the Government of Maharashtra.
During the financial year under review the Company was hit by inflation of raw material
cost. Secondly, funds due from Government of Karnataka's subsidy department were not
released which affected the Working Capital adversely. Under these exceptional
circumstances, strategy to combat the challenges was a priority. It gives me pride that
the integrated thinking approach and major changes in payment procedures by consumers
helped us to stand upto these challenging times.
Sustainability:
As you all are aware that Company is agriculture-based, and everything we do is for the
benefit of the farming community, as the farming community is the backbone of our economy,
and deserve due support that will constantly aid and guide them towards efficient water
management and help in increasing their crop yields. And for this, we constantly endeavour
to find new technological innovations and work for bridging the gap between our businesses
and the pressing needs of the Farming Community. We as a Company, always try to cater to
the increasing demands of the farming community and try to meet their growing and changing
needs by upgrading the quality and standards of our products. Our Company has utmost
managerial capacity and have experienced staff who always try to excel and achieve the
goals, set for them by the Company.
Our Company, in order to remain competitive in this technologically advanced business
world, and to manufacture, by adopting World Class Technology, the State of the Art
Equipment and to design, supply, distribute, market and otherwise deal in Flat &
Cylindrical Drip Systems, HDPE Sprinkler Pipes with Fittings, and PVC Pipes as a part of
the Irrigation Systems. I must add here that we have commenced manufacturing of PVC Pipes,
which are used in the Drip & Sprinkler Systems. In fact we were purchasing PVC Pipes
from other Vendors, which we have now started Manufacturing in house, saving cost and
increasing the Profit. We believe we have a much longer journey ahead, to serve our
customers with the best-in-class products & services which are so essential to the
future of mankind and the world as a whole.
Way Forward:
We expect the times ahead to throw up more challenges for which we plan the following:
• Develop strategic ways to offset the increase in price of raw material through
alternate cost effective methods
• Enhancing the efforts to increase the demand for our brand
• Plowing investments
• Enhance operations
• Build robust supply chain
Looking ahead, I am very optimistic that the Company will be the most trusted brand in
the field of micro-irrigation. I look forward to your continued support while we remain
committed to brand development.
Thank You,
Best Regards,
Sd/-
Mr. Vijaykumar Hanmant Kshirsagar
Chairman
(DIN:00816360).
  Â
R M Drip & Sprinklers Systems Ltd
Company History
R.M. Drip & Sprinklers Systems Limited was originally incorporated as a private limited company with the name 'R.M. Drip & Sprinklers Systems Private Limited' on 20th December 2004. Subsequently, it was converted into a public limited company and the name of the Company was changed to 'R M Drip and Sprinklers Systems Limited' on 27th June 2017.
Vijaykumar Kshirsagar, Shubhangi Kshirsagar, Arjun Makani, Lila Makani, Nivrutti Kedar and Sureklia Kedar are the promoters of the Company. Vijaykumar Kshirsagar and Shubhangi Kshirsagar were the initial subscribers to the Memorandum of Association of the Company. Arjuu Makani, Lilaben Makani, Nivrutti Kedar and Sureklia Kedar joined the company and were allotted shares on October 13, 2014.
R.M. Drip & Sprinklers is engaged in the business of manufacture and sale of Micro Irrigation System (MIS) consisting of Drip Irrigation System and Sprinkler Irrigation System, its components, irrigation accessories and allied products.