Skagen Delivers Accessible Minimalist Gittefrom the KlassikCollection

Summerwill mark a major milestone for Skagen as it embarks on a major reimagining of the brand. Gitte from SkagenKlassicwill incorporate inspiration from the natural elements of everyday Danish life and these changes will be visible in the new collection for men and women.

Simplicity and functionality remain the essence of ‘Gitte’ from SkagenKlassic. As Skagen begins to focus more on the culture and lifestyle of Denmark, the new assortment of timepieces will highlight its hallmark simple, clean and minimalist design aesthetic in a way that is universally accessible.

With largestainless steel round cases and expansive color palette, Gittefrom SkagenKlassicrepresents its devotion to embracing accessibilityand the latest lifestyle trends of the season. A simple two-hand watch movement, concave dial structure and athin mesh or leather strap makeGittefrom the SkagenKlassik Collection a must have addition to wardrobes.

SKW2134 has turquoise leather strap and white dial with matte finish, silver stone sticks at all hours which adds extra elegance. SKW2135 has similar features but comes in coral leather strap. SKW2139 comes with a light gray leather strap. The Rose Gold colourdial has brushed finish and the indices match the same combination with rose gold hands and polished rose index.

SKW2140 has a stainless steel mesh strap and brushed silver dial with matching colour hands and indices. The same goes with SKW2141 Polished Gold and SKW2142 which carries an IP Rose Gold plating and premium brushed silver dials.

Priced from Rs.7,995/- The Collection will be available at Watch Station International (WSI), Select Lifestyle, Shoppers Stop, Helios, Ethos, Just In Vogue and other leading watch retailers in the country.

About Skagen Denmark:

Skagen Denmark is a contemporary lifestyle brand, rooted in simplicity, modesty and a sense of purpose. Combining the inspiration of timeless Danish craftsmanship with thoughtful innovation, we create honest, high-quality products that are both functional and elegant.
Inspired by the welcoming spirit of ‘hygge’, the respect for nature and the unmatched ability to create essential beauty, we hope to be a source of inspiration throughout the world. We believe the world needs a retreat from complexity, and a breath of fresh air.

Founded in 1989, Skagen Denmark is now part of Fossil Group, Inc. (NASDAQ: FOSL) with presence in nearly 80 countries worldwide and a global ecommerce presence via www.skagen.com. Our lifestyle collections include watches, jewelry, leather accessories, gifts and home goods.

Reaction of Mr Arun Kumar Jagatramka, Chairman and Managing Director, Gujarat NRE Coke Ltd on the recent election results.

Reaction of Mr Arun Kumar Jagatramka, Chairman and Managing Director, Gujarat NRE Coke Ltd  on the recent election results.

 

I congratulate Shri Narendrabhai Modi and the Bharatya Janata Party for this emphatic victory. The results point at a mandate of an aspiring nation yearning to grow. It has been a mandate for development, decisive leadership and an expectation of economic prosperity and a return of feel good factor. The country has got a decisive mandate after a long gap of around 30 years and the nation would get a truly stable, democratic government capable of taking some bold decisions.

Fossil Celebrates Mother’s Day With Limited Edition Collection

Fossil Celebrates Mother’s Day With

Limited Edition Collection

Fossil begins summer with a special limited edition collection to celebrate Mother’s Day with a basket of offering that are perfect way to express how amazing mom are and the appreciation towards her. This year, one can present a timeless gift that has been curated with love for the mothersin mind and a classic bestowal that will be treasured by her.

Fossil Limited Edition Mother’s Day Collection compliments her vintage collectibles with personal touch to her wardrobeand makes the moment exquisite and memorable. There is a classic variety of watches to convey the message of how special moms are to their families and delight them.Besides, there are loads of pretty vintage accessories, floral prints in purses, handbags, phone cases, e-reader covers and cosmetic bags.

The Limited Edition Mother’s Day watches,available in stainless steel and nylon plasticswith leather or stainless steel straps and quaint dials, are one of Fossil’s most versatile collections yet.The timepieces are striking, modern and simply exude trust that only mom can offer.

The stunning AM4546 is available in a large yet pleasing rose gold case. It comes with patented solid stainless steel and nylon plastic link strap in matching rose gold strap and a contrasting white silver dial. On the other hand, AM4544 features a silver case, matching colour patented stainless steel and nylon plastic link strap. Both come in endearing round shape and matte finish dials. 

The endearingES3536comes in Shiny blue transparent nylon case and genuine leather strap with tanned blue backing, and matching blue index. ES3539 features a shiny pink nylon plastic case and matching genuine leather strap.Both come with oversized vintage square designthat adds a bold punch to sporty mom. ES3514 is set to charm any mother with its shiny rose gold tone casing and matching genuine leather strap. The contrasting white silver dial in sunray finish and rose gold index adds to its exquisite appeal.    

The shiny gold toned ES3558 has an attractive genuine leather strap and index in contrasting rose gold and delicate lugs. The oval shaped ES3555 comes with shiny silver tone case, genuine hot coral leather strap complimenting and white silver dial in sunray finish. A contrasting rose gold stick indices makes it stand apart.

Fossil Mothers Day Limited Edition timepieces are available at Fossil, WSI and selectLifestyle, Shoppers Stop, Helios, Ethos, Just in Vogue and other leading watch retailers across India.

After strong performance IFGL Group doubling capacity in two subsidiaries

After strong performance IFGL Group doubling capacity in two subsidiaries

Highest Profit after Tax of Rs. 640 Mn

Kolkata – The Board of Directors of IFGL Refractories Limited (the Company) in their meeting held today has approved audited financial results both on standalone and consolidated basis for financial year 2013-14.

Consolidated Financial performance achieved in brief is as follows:

Rs. Mn	FY14	FY13	YoY Change
Revenue	7,810	6,757	16%
EBITDA	1,130	627	80%
EBITDA Margin%	14.5%	9.3%	519bps
Profit Before Tax	906	413	119%
Profit After Tax	640	282	127%
PAT Margin%	8.2%	4.2%	402 bps

In the financial year ended 31^st March, 2014, Total Revenue is Rs.7,810Mn, grew by 16%, EBITDA is at Rs.1,130Mn, registered growthof 80%, Profit before Tax of Rs. 906 Mn, growth of 119% and Profit after Tax for the year is at Rs.640 Mn, growth of 127% compared to previous year ended 31^st March, 2013. EBITDA margin for FY14 is 14.5%, expanded by 519 bps. Consolidated Earnings per share is at Rs.18.25, more than double as against Rs7.91 in previous year.

Board has recommended payment of Dividend @ 17.5 % on Equity Shares of Rs 10/- each i.e. Rs 1.75 per Equity Share, subject to necessary approvals. Dividend recommended is in accord with Company Policy to distribute profits amongst the shareholders and is higher by 2.5 % i.e. Rs 0.25 per Equity Share, than that paid for previous year.

Company, on a standalone basis, posted revenue of Rs.3,289Mn in FY14, growth of 6.6 % compared to previous year. EBITDA grew by 27.4% year-on-year to Rs.466 Mn and Profit after Tax for the year on a standalone basis, is at Rs.243 Mn, growth of 42.7% as against previous year.  Earnings per share is Rs. 6.79 compared to Rs. 4.69 of the previous year.

During financial year 2013-14, subsidiaries of the Company, particularly in UK and USA, performed strong. Total Income, Profit before Tax and Profit after Tax of overseas operations increased by Rs 690Mn  (18.1%), Rs 287Mn (133.5%) and Rs 244Mn (175.2%) respectively compared to that of the previous year.

Indian subsidiary, IFGL Exports Ltd, also performed satisfactorily inasmuch as Total Income increased  by Rs 309Mn (338.7%). Profit before Tax is Rs 35 Mncompared to loss of Rs 57Mnin previous year. Stabilizing the quality of ISOSTATIC Refractories in a new production facility is very crucial and time consuming and this has been achieved during the financial year.

On a consolidated basis, only about 20% of sales of the Company is from India and going forward, same is likely to increase  substantially with political  stability coming in and increased thrust  on infrastructure to give  required boost to otherwise slackening economy.

The aforesaid strong performance is a result of an all round good performance, including Subsidiary Companies. Rationalisation of Raw Material and major expenses, coupled with a more efficient management of working capital, made the Company more competitive and profitable. Despite following a conservative policy of booking future foreign exchange, the Company still benefited from Rupee depreciation,especially against Euro and Sterling Pound.

Subsidiaries in the USA (EIC) and the Indian subsidiary are taking steps to expand their respective production capacity. Efforts are being made towards improving operations of subsidiaries.

Bio Ceramic business performed better than previous year. Focus on this business and also few more new identified products will be stepped up during current financial year.

For improved investor relations, the Company has taken steps to improve the communication with investors and appointed Strategic Growth Advisors as an Investor Relation Advisor to the Company.

About  IFGL Refractories:

IFGL Refractories is a leading manufacturer of specialized Refractories having manufacturing facilities in China, Germany, India, UK and USA. Krosaki Harima Corporation (a subsidiary of Nippon Steel Corporation, Japan) is the technology provider. Equity Shares are listed both on Bombay Stock Exchange Limited and National Stock Exchange of India Ltd. For more information about IFGL Refractories, please visit www.ifglref.com