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Rama Paper Mills Ltd.

BSE: 500357 Sector: Industrials
NSE: N.A. ISIN Code: INE425E01013
BSE 00:00 | 13 Dec 12.39 0.04
(0.32%)
OPEN

11.75

HIGH

12.84

LOW

11.75

NSE 05:30 | 01 Jan Rama Paper Mills Ltd
OPEN 11.75
PREVIOUS CLOSE 12.35
VOLUME 4534
52-Week high 24.85
52-Week low 11.30
P/E
Mkt Cap.(Rs cr) 12
Buy Price 11.75
Buy Qty 12.00
Sell Price 12.85
Sell Qty 50.00
OPEN 11.75
CLOSE 12.35
VOLUME 4534
52-Week high 24.85
52-Week low 11.30
P/E
Mkt Cap.(Rs cr) 12
Buy Price 11.75
Buy Qty 12.00
Sell Price 12.85
Sell Qty 50.00

Rama Paper Mills Ltd. (RAMAPAPERMILLS) - Chairman Speech

Company chairman speech

RAMA PAPER MILLS LIMITED ANNUAL REPORT 2006-2007 CHAIRMAN'S REPORT Dear Shareholders, I wish you and your family in the pink of health and spirit. Your Company has continued its success path by achieving 9.48% increase in the turnover as compared to the previous year. The Management is striving hard for manufacturing quality product and thus to fetch better realization of your Company's product. Moreover, in spite of sharp hike in raw material rates in IInd half of the year could not be responded from the market, your Company succeeded to retain the Profit Before Tax (PBT) to a reasonable extent. These are commendable achievements which, I feel confident, will be better in the coming years. Your Company achieved almost 100% capacity utilization and stagnation in growth. Your Company foresee the market of Tissue/ Poster Paper in India and therefore, the Management has decided to install an imported MG Machine having capacity of 16320 TPA. The Project will cost Rs.23.75 Crore and your Company has been sanctioned term loan of Rs.13.40 Crore from Bank of Baroda. Moreover, your Company also plans for expansion and modernization to enhance the capacities of existing three units. The modernization mainly envisages replacement of old and obsolete equipments by technologically superior, high speed and energy efficient equipments, which will not only increase the speed of the lines but also result in manufacture of better quality paper. Improvement in quality is another main thrust area for undertaking the proposed project. Your company is proposing to produce and market complete range of quality products post expansion. With completion of all the projects the total production capacity would go up to around 80000 TPA. Moreover the Management of your company will carefully inter connect the above expansion and modernization programs in such a way so that each round of capacity expansion starts generating additional output before the next phase is taken up. In that manner, we would hopefully be able to grow capacities without affecting the on going production. Paper prices look to be firm, the comparative higher capacities and save in power cost will enhance sales and profits. Though the full impact of expansion and modernization program will surface in 2008-09 still I believe that 2007-08 will be better year for your company. Last but not the least, I take this opportunity to thank all our employees for their unstinted commitment and valuable contribution to the company and my sincere thanks to all of you for your continuous confidence and interest in Rama Paper Mills Ltd. I also wish to convey my heartiest thanks to Bankers, Central and State Government, Local Bodies and our Valuable Customers. With kind regards Yours sincerely Date : 30.06.2007 Pramod Agarwal