GYSCOAL ALLOYS LIMITED
ANNUAL REPORT 2006-2007
During the current financial year we have focussed our efforts on improving
the performance of our operating plants in order to maintain high quality
performance of our operating plants in order to maintain high quality
standards and achieve growth prospects.
We have taken initiative to utilize 80% of our installed capacity this year
and also plan to establish a new Steel Melting Shop consisting of Furnace,
AOD, & Caster and having melting capacity of 1 Lac Ton p.a. We are also
entering in two products like Black Bar & Bright Bar in this year.
We have also taken initiatives to put systems in place for better the
financial and operational control.
We continue to use the best domestic and international equipment suppliers
for our production/projects.
I would like to take this opportunity to express my sincere gratitude to
our team of professionals for their commitment, dedication and hard work
which had been the key to our growth.
The sales during the year has significantly increased from Rs.3154.66 Lacs
to Rs.6986.98 Lacs. The sales during the year has grown by 121.48% as
compared to last year due to the expansion projects of the company.
The profit of before and after tax has risen significantly from the last
year figures. The profit before tax has increased by 386.55% and Profit
After Tax has raised by 396.06% as compared to last year's profit.
Viral M. Shah