It is my privilege and pleasure to present the Eleventh Annual Report and
Audited Accounts of Nilkamal Plastics Limited. I am pleased to report that
Nilkamal has once again posted good Financial Results for the year ended
31st March, 1997. In the year under review, your Company witnessed
excellent growth in volumes, inspite of sluggish market conditions. Both
Plants, Sinnar and Silvassa, operated at full capacity with a result, the
Company crossed Rs. 100 crore mark.
QUALITY - ISO 9002 CERTIFICATION THIS YEAR TO SILVASSA PLANT :
You will recall that the Sinnar Plant of Nilkamal had already achieved ISO
9002 last year. This year, TUV BAYERN of Germany have Certified with ISO
9002 for qualtiy systems conforming to International Standards, to Silvassa
Plant. ISO Standards ensure reliable products, manufactured with Quality
GROWTH IN THE NEXT PHASE :
Material handling Crates and Moulded Furniture have excellent demand
potential. In the year under review, the Furniture division of your Company
once again grew over 50 %.
Two new world scale Petrochemical Plants are already operational in India.
Nilkamal enjoys significant competitive advantage of high volumes at low
Further Investments of Rs. 33 Crores are planned for expansion at Silvassa
and new facilities at Noida and Pondicherry. With locational advantages and
benefits of new facilities, your Company is all set to exploit the
potential of both the product lines of the Company. On completion of this
phase, there will be two fold increase in growth in the company's products.
Nilkamal views the future with more optimism and will continuously
endeavour to increase the Shareholders value, year after year.
Vamanrai V Parekh