enl commercial limited annual report 2011 - Investing In Africa

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Statement of Directors’ Responsibilities for the year ended June 30, 2010 (continued) ACTIVITIES Rennel is the licensee of Federal Express Corporation in Mauritius since 1st August 1995. This license enables the company to offer its customers the world renowned FedEx service quality. FedEx is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries, including every address in the United States. FedEx provides customs-cleared, door-to-door service to more international locations than its competitors. Rennel through its license with FedEx can tap on a structure comprising of 688 aircrafts and a workforce of more than 142,000 employees worldwide delivering approximately 8.5 million packages. MANAGEMENT TEAM Michel Prefumo – General Manager Jonathan Leung Kai Sen – Finance & Administration Manager Jean Alain Marie-Louise – IT & Operations Manager Josian Gopal – Customs Clearance Manager YEAR REVIEW 48,624 3,406 50,582 4,414 49,975 43,247 (1,531) (923) 50,515 2,945 In the first half of the financial year, sales were down on the previous year. However on the back of a more dynamic market and enhanced product offering, the Company performed better during the second semester and thus posted a satisfactory year end result. The new and more flexible product offering was in line with targeted customer’s demand and led to new market penetration. In addition, investment in the latest FedEx IT facilities namely FedEx Ship Manager (FSM), a state of the art desktop shipping solution enabled our customers in Mauritius to automate and manage their entire shipping process, through timesaving features, enhanced conveniences and renowned Fedex reliability. For the year ended 30 June 2011, Rennel registered an increase in turnover of 13.2% and a profit after tax of Rs 2.4m. PROSPECTS For the next financial year, the dedicated Rennel team will stay focused on cost control and on service quality. Rennel will continue to strengthen its working relationship with its service providers in order to offer its customer base a wider range of sophisticated services with a view to boost sales figures and achieve better bottom line results. 2007 2008 2009 2010 2011 Turnover (Rs’000) Operating Profit (Rs’000) 22 ENL Commercial Limited Annual Report 2011
Statement of Directors’ Responsibilities for the year ended June 30, 2010 (continued) RENNEL LIMITED ENL Commercial Limited Annual Report 2011 23
Page 1 and 2: ENL COMMERCIAL LIMITED ANNUAL REPOR
Page 3 and 4: Dear Shareholder, The Board of Dire
Page 5 and 6: ENL Commercial Limited Annual Repor
Page 7 and 8: Portfolio of operating companies of
Page 9 and 10: Dividend per Share (Rs) 0.80 0.80 0
Page 13 and 14: Directors’ Report (continued) Ass
Page 15 and 16: AXESS LIMITED ENL Commercial Limite
Page 17 and 18: CHARABIA LTD ENL Commercial Limited
Page 19 and 20: COGIR LIMITÉE ENL Commercial Limit
Page 21 and 22: GREWALS (MAURITIUS) LIMITED ENL Com
Page 23: PACK PLASTICS LIMITED ENL Commercia
Page 27 and 28: PLASTINAX AUSTRAL LIMITÉE ENL Comm
Page 29 and 30: ACTIVITIES FRCI specialises in info
Page 31 and 32: Corporate Information June 30, 2011
Page 33 and 34: Corporate Governance Report (contin
Page 51 and 52: Share Analysis Distribution of Shar
Page 55 and 56: ENL Foundation (continued) 3. Eradi
Page 57 and 58: ENL Foundation (continued) Breakdow
Page 59 and 60: Other Statutory Disclosures (Pursua
Page 61 and 62: Other Statutory Disclosures (Pursua
Page 63 and 64: Company Secretary’s Certificate (
Page 65 and 66: Independent Auditors’ Report to t
Page 67 and 68: Statements of Financial Position Ju
Page 69 and 70: Statements of Comprehensive Income
Page 71 and 72: Statements of Cash Flows Year ended
Page 73 and 74: Notes to the Financial Statements Y
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Notes to the Financial Statements Y
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Proxy Form ENL Commercial Limited I
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Notes ENL Commercial Limited Annual
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ENL Commercial Limited 7 th Floor S
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