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Asahi Infrastructure & Projects Ltd.

BSE: 512535 Sector: Infrastructure
NSE: N.A. ISIN Code: INE933C01036
BSE LIVE 14:42 | 24 Jan 1.10 0.02
(1.85%)
OPEN

1.10

HIGH

1.10

LOW

1.10

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1.10
PREVIOUS CLOSE 1.08
VOLUME 1160
52-Week high 1.44
52-Week low 1.00
P/E 4.40
Mkt Cap.(Rs cr) 3.86
Buy Price 1.06
Buy Qty 2000.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.10
CLOSE 1.08
VOLUME 1160
52-Week high 1.44
52-Week low 1.00
P/E 4.40
Mkt Cap.(Rs cr) 3.86
Buy Price 1.06
Buy Qty 2000.00
Sell Price 0.00
Sell Qty 0.00

Asahi Infrastructure & Projects Ltd. (ASAHIINFRASTR) - Chairman Speech

Company chairman speech

Chairman's Letter

TO THE SHAREHOLDERS

Dear Shareholders

I take pleasure in presenting the 26th Annual Report of the Company.

We have just crossed one of the toughest years for the company in recent times. As thedownward spiral of the national economy continued in the absence of a favorableenvironment the housing and infrastructure sector languished. This has affected theperformance of companies in this sector including that of AIPL. However we wereable to protect the profitability of the company’s operations. We have been able toshore up our margins through internal discipline and efficiency improvement programmers.The strategies we put in place have helped AIPL remain stable. The operationalexcellence programmer of your company continued in 2013-14. Under the programmer therewere improvements in the supply chain debottlenecking of process and value engineering.As the infrastructure development and housing sector continues to be stymied by a host ofissues the prospects for execution seems to be on the upswing.

Your company expect bright prospectus in coming time as newly elected govt. having fullmajority affer 30 years have concentrated on infrastructure sector. Not only this theMinistry of Urban Development got allocation of Rs. 4000 /- crore in the current yearbudget to focus on specially affordable housing sector. Your company has got expertise inthis segment since 26 years & now time has come to encasement its 25 years experienceDue to this market conditions in affordable housing sector will boom up. However yourcompany has received several small and medium level project orders the most significantbeing an order from Govt. of Rajasthan at Jhunjhunu (Rajasthan) for construction of 1536Flats for EWS/LIG/MIG under its new housing policy.

Your company has commenced the construction of 1000 flats out of 1538 flats (7 LaceSq.ft) which has already been sold to Govt. of Rajasthan through their Nodal AgencyRajasthan Awas Vikas & infrastructure Ltd. (RAVIL) the beneficiaries has depositedtheir down payment in Escrow A/c maintained by Urban local body i.e. Nagar ParishadJhunjhunu.

Your company has commenced the construction of 1000 flats out of 1538 flats (7 LaceSq.ft) which has already been sold to Govt. of Rajasthan through their Nodal AgencyRajasthan Awas Vikas & infrastructure Ltd. (RAVIL) the beneficiaries has depositedtheir down payment in Escrow A/c maintained by Urban local body i.e. Nagar ParishadJhunjhunu.

BUSINESS DEVELOPMENT:

Housing is one of the basic requirements for human survival. Affordable housing is aterm we use for residential units in India's urban areas which are affordably priced withrespect to households that fall within a specific limited income range. There is no singleset of parameters to define what an affordable housing unit should cost in India. As perGOI 60M BU Area is called affordable House. This is because the pricing and feasibilityto developers of affordable housing is a function of the city location within the cityand type of project being built and also the construction technology employed.

The typical demographic setting of India particularly gets highlighted when we lookinto the trend over the years. A steep rise in population is a major reason for theincrease in demand of residential units affordable homes and basic infrastructuralfacilities. India is the second most populous country in the world and at this point theforemost interest is developing the infrastructural facilities of lodging the primary needof housing for the population. Most of the economist across the world opines that a sharpincrease in the real estate and property prices in India in the coming years. Ourconsistent efforts therefore have been to make first hand insight into the pressingproblems of housing development.

Installation of Slab/Block Manufacturing

Due to MNAREGA scheme high dev in Bihar Chhattisgarh getting laborer for constrictionis difficult day by day. To overcome these problems the company is installing the PrestressPrecast Hollow Core slab plant by German Technology.

It is a good news that your company has working on new precast prestress hollow coretechnology for construction of these houses & govt. agency is RAVIL has in given inprincipal sanction for construction of flats with aforesaid technology.

These finished products will be used (75%) for captive use will result in improvementof bottom line along with quality products & time saving in construction period.

ORGANISATIONAL DEVELOPMENT:

Organizational development depends on Human resources and its management because theyare the most valued assets and the Company believes that people do make a lot ofdifference as human resources individually and collectively contribute to the achievementof the objectives of the business. The Company employs people develops their capacitiesskills attitude utilizing maintaining and compensating their services in time with thejob and organizational requirement. Therefore the Company continues to give primeattention to them and build them as demand for housing activity is growing exponentiallyand to meet the new challenges.

The Company’s major focus continues to be “Dedicated to slum development andservice to poor class people and its Endeavors to create and nurture a long lastingrelationship during the entire period of our association.

ACKNOWLEDGEMENTS:

Your Company remains committed to the underlying values of providing exemplary customerservice achieving business objectives with social responsibility and enhancingstakeholder value.

I look forward to your continued support in the year ahead and wish you the very best.

Thanking You

L.J.RATHI

(CHAIRMAN & MANAGING DIRECTOR)