UB ENGINEERING LIMITED
ANNUAL REPORT 2010-2011
I extend hearty welcome to you all at the 40th Annual General Meeting of
It gives me immense pleasure to report that your Company is getting
strength by strength with continued growth since last year.
The projected growth in world economy in 2011 and 2012 is estimated at 4.4%
to 4.5%. The rising commodity prices, global crude oil prices and
inflationary pressures have afflicted the growth not only of the global
economy but the Indian economy as well.
With Government of India's continued focttson infrastructure 7 power in
recent budget 2011-12, increased budgetary outlays there is tremendous
growth potential. The company has carry forward order book of Rs. 11867
Million as on 31stMarch,2011 and further orders are in pipeline.
.Considering huge potential for pre-fabricated steel structures, your
company is in the process of construction of fabrication unit at
Chhattisgarh on the land allotted %'CSIDC. The commercial production is
expected by the end of the current fiscal.
UB Infrastructure Limited, Wholly Owned Subsidiary of your company is now
poised to undertake the projects for construction of roads, highways,
Your Company is also exploring the avenues for overseas business ventures
and has now established Joint Venture Company UB OSTAN (India) Private
Limited for manufactureof injection moulds, injection moulding components
During year under review turnover of the Company has increased from Rs.5268
Million to Rs.6108 Million. However increased interest burden on loan funds
and depreciation have pulled down the profits of the Company.
With a view to conserve the resources far working capital, no dividend is
recommended for the year under review.
I am sure you will continue to support in my endeavor in consolidating and
strengthening the growth of the Company both horizontal and vertical.
I wish to record my sincere thanks to you all, UB Group, my colleagues on
Board, banks, suppliers, employees for their warm support from time to