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Manugraph India Ltd.

BSE: 505324 Sector: Engineering
NSE: MANUGRAPH ISIN Code: INE867A01022
BSE 00:00 | 24 Jan 16.43 -0.86
(-4.97%)
OPEN

16.43

HIGH

16.43

LOW

16.43

NSE 00:00 | 24 Jan 16.15 -0.80
(-4.72%)
OPEN

16.20

HIGH

16.25

LOW

16.15

OPEN 16.43
PREVIOUS CLOSE 17.29
VOLUME 3150
52-Week high 33.65
52-Week low 12.30
P/E
Mkt Cap.(Rs cr) 50
Buy Price 16.43
Buy Qty 700.00
Sell Price 16.43
Sell Qty 2506.00
OPEN 16.43
CLOSE 17.29
VOLUME 3150
52-Week high 33.65
52-Week low 12.30
P/E
Mkt Cap.(Rs cr) 50
Buy Price 16.43
Buy Qty 700.00
Sell Price 16.43
Sell Qty 2506.00

Manugraph India Ltd. (MANUGRAPH) - Chairman Speech

Company chairman speech

ANNUAL REPORT 2000-2001 MANUGRAPH INDUSTRIES LIMITED CHAIRMAN'S SPEECH Ladies and Gentlemen I welcome you all to this 29th Annual General Meeting of the Company. The Directors' Report and the audited Accounts of the Company have been with you for some time now, and with your consent, I will take them as read. Current year's operation: The Net sales and income from operations were at Rs. 101.55 Crores for the year ended March 2001 though two of the main units at kolhapur were on strike for 90 days from 15th December 2000 to 15th March 2001 on account of the Wage Agreement. The new agreement has now signed till March 2004. The 9months achievement of Rs 101.55 crores when annualized shown an increase of 21% as compared to Rs. 111.58 Crores for the corresponding period of the last year. The domestic market sales increased from Rs. 68.25 crores to Rs. 70.67 crores for the year ended 31st March 2001. The Profit before tax for the year ended 31st March 2001 was at Rs. 4.32 crores as against Rs. 2.57 crores in the corresponding period in 2000. This is the reflection of the efforts to reduce the Employee related expenditure by the Two VRS offered in the past and reduction in Interest cost. Future Performance: Activities at Unit 3, which is exclusively engaged in supply of components parts to a leading Overseas manufacturer, has to be suspended due to cancellation of future business. Compensations were paid to 65% of the work force which resigned and the balance 35% were absorbed in unit 1 and Unit 2. The First UNISET 60, the next generation machine obtained through the license agreement through MAN Roland is to be installed by January 2002. The first sale through the historic agreement is expected to move out of the factory around October/November 2001. Inspite of adverse conditions, the Company was able to achieve a moderate performance due to Customers acceptance of our hi tech machines with add on features and computer controls. Our ongoing policy to control cost has come in handy to retain the market. The company's first four months' performance is approximately Rs. 33.36 crores which is at par compared to Rs. 33.70 crores which is at par compared to Rs. 33.70 crores in the corresponding period in the last year. The order booking, despite the hostile market forces, continues to be satisfactory for both export and domestic markets. With this our Company is confident of achieving atleast the anticipated targeted of Rs. 125 crores for the current year. The Board of Directors have recommended 12 % dividend. In order to increase the Shareholders value we are proposing the buy back of our equity shares to the maximum extent of 25 % as permitted by SEBI at price not exceeding Rs. 30 per shares initially through the . We will be approaching you soon with this agenda as per the guidelines laid down by SEBI. Acknowledgement : I take this opportunity to thank all our employees and workers for their continued whole hearted support and co-operation and extend my sincere thanks to my fellow Board Members, Bankers, Financial Institutions for their support and valuable guidance from time to time.