Chairman’s Message
Dear Shareholders,
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| Pramod Agarwal |
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
Pramod Agarwal 30.06.2007
Executive Director's Communique
Dear Members,
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| Arun Goel |
I trust that this communication will find you and your family hale & hearty.
At the outset, I wish to convey my heartiest thanks to the Shareholders of the Company, Bankers, Central and State Government, Local Bodies, Customers and the Employees of the Company at all the levels.
The untiring and persistent efforts of the management, coupled with the whole hearted support of all concerned with your company, have profounded its results in the financial year 2006-07 and your Company achieved turnover of Rs. 8478.74 lacs and the profit after tax of Rs. 377.94 lacs. The Management of your Company is further endeavoring all its attempts to retain and sustain its path of success in future as well. Consequent there-to, your Company has further targeted to install one more Tissue/ Poster Paper Manufacturing Machine (MG) to increase it’s production capacity by another 16320 TPA.
To cut down cost of energy and make it available un-interrupted and of good quality, your Company has commissioned its 6 MW Co-generation Project. I am confident that the above highly promotional steps of the Management will give further heights of success to the performance of your Company in the years to come.
I trust that with the continued support and patronage of all concerned, your Company will touch the heights of success in the coming years.
Thank you very much.
With best regards,
Arun Goel 30.06.2007
