Today’s globalised business processes, an intricate chain of activities performed by diverse but independent parties are highly vulnerable to risk.
With the accumulation potential so high and the impact of business events on future sales, costs and profits so hard to predict, an ordinary loss can easily turn into a catastrophe. Nobody will forget 2005 in a hurry puncnated, as it was by shock headlines of fraud investigation, natural catastrophes and petrol market changing events.
From the aftermath of tsunami, the high profile resignation and terrorist attacks, and just as the dust began to settle hurricane season kicked off with consequences we all know too well.
As the dollar lost value against the euro roughly 20% over the past two years, we entered in the time of managing the dollar's decline.
From the beginning of 2007 the world faced crisis of subprime mortgages and thousands of people were in danger of losing their homes, while landers and investors would face enormous losses.
According to the Chinese astrology, year 2008 is the year of the Rat, who is the bringer of material wealth.
With the subprime crisis roiling world markets and the United States teetering at the brink of recession, how much wealth will come to the world, this year and after, is anoyone's guess.
Unfortunately, 2008 was a tumultous year, and we have witnessed a shocking period in finance, yet a range of challenges and difficult questions remain for 2009 and beyond.
We are in 2012 year, four years after the housing - market ruined and knocking on the year of the Dragon, who is the bringer of success and happiness.
Apart from the collapsed financial system and proposed massive bail-out, the World is still waiting for a new course and a new approach to the Middle East conflicts.
But, where there's uncertainty, there's an opportunity for trade and financial executives with strategic acumen.
Despite these concerns offering a combination of financial strength and proven expertise with tried and very experiences and trusted individuals, DRADAR STEEL GROUP is ideally positioned on island of Cyprus, covering various trading activities and services will continue to do so well.
At the end I would like to point that the DRADAR STEEL GROUP boasts an impeccable service which is largely due not only to professional training and experience, but also to the commitment and dedication of long standing staff. In fact, trying to find a company with such a low staff turnover as the DRADAR STEEL GROUP will prove to be quite challenging.
From a total of some 52, almost 45 members of our team have already completed 18 years of service or more — many of them having joined the team from the time when DRADAR STEEL GROUP started operations.
The long-standing loyalty is our greatest asset.
Chairman and CEO
January 4th, 2012.