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सिम्प्लेक्स कास्टिंग्स

बीएसई: 513472  |  NSE: SIMPLEXCAS  |  ISIN: INE658D01011  |  Castings & Forgings

खोजें सिम्प्लेक्स कास्टिंग्स कनेक्शन Mar 16
अध्यक्षीय भाषण साल : Mar '18

Dear Shareholders,

It gives us immense pleasure to present to you your Company’s Annual Report for the FY 2017-18.

FINANCIAL AND OPERATIONAL PERFORMANCE

The financial year 2017-18 was an exciting year for the overall economy with implementation of Goods and Service Tax (GST). While GST & Demonetization for our country is a welcome step yet its implementation in Industry had several teething issues that took industrial recovery a few months to accustom.

We have seen robust domestic demand in last year & trend shows its most likely to continue with several favorable policy decisions for Industry. We focused on cost optimization, value added services as well as products portfolio as well as automation that has helped your Company to deliver profitable performance and consequently the Company’s profitability improved during F.Y 2017-18.

Revenue From Operations for the F.Y. 2017-18 stood at Rs 22442.04 Lacs against the Rs 23676.33 Lacs of previous year. However Net Profit after tax for the F.Y. 2017-18 was Rs 335.47 Lacs, an increase of 50.10% over the previous year of Rs 223.51 Lacs. EBIDTA for the F.Y. 2017-18 Rs 2735.70 Lacs as compared to previous year Rs 2281.55 Lacs, an increase of 19.91%.

During the year, Company has been awarded orders from Nippon Steel & Sumikin Engineering Co Ltd Japan, Concord Engineering GMBH, several repeat orders including global corporations like GE India Industrial Pvt ltd, HMT Hyderabad and TATA steel etc.

Our Casting products range for key clients includes manufacturing of Checker Supporting System, Coke Oven Components, Transom Castings, large size Column Castings for Defense Machines and Non-Recovery Type Door of their Coke Oven.

NEW PRODUCTS

We have embarked on journey of innovation with proprietary designed products. Its first time in history where we have utilized professional product management practices to design Checker Support in SG Iron. The second line of product launch that went through serious design skills of our talented engineers & staff is Upper & Lower Doors in CG Iron.

With this, we are to position our company not only in services sector but also in proprietary designed products.

FUND RAISE

During the year, Company raised Rs 32Cr. through Preferential issue to non-promoters and received Rs. 7.97 Crores (25% of the issue price) from the allotment of Convertible Warrants. This was the first fund raised in the history of Company after Initial Public Offer in 1994. The proceeds of convertible warrants have been utilized for procurement of raw material and components along with routine expenses of working capital requirement of the company.

IMPLEMENTATION OF SAP

The Company has implemented SAP-Hana, a leading ERP solution with effect from 1st April, 2018 by switching over from existing custom ERP system. While, implementation of any system brings efficiency, we have taken this activity in highest professional standards by introduction of key projects like procurement cost savings strategy, process optimization in areas of production, manpower management & prediction techniques with data analytics.

With our units connected on real-time, we now have complete transparency in procurement, production, manufacturing as well as dispatch. Like every business automation, our teams invested additional hours to ensure that our processes are well defined in SAP. It has been a time taking exercise for us. We intend to stablise this initiative in FY 2018-19 thus envisioning ourselves a fully IT enablement organization.

This truly transforms our business with enhancing productivity & improving efficiency of the processes.

Your Directors and We thank our shareholders and other stakeholders-employees, customers, partners and Government for their continued trust and support. We remain committed in acting as trustee to create long-term value for all our stakeholders.

With Best Wishes

Ketan Moolchand Shah Sangeeta Ketan Shah

Chairman Managing Director

स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `585 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `890 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `483 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `172 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `151 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `388 Cr की बिकवाली की
  • CS ON BHEL : Outperform रेटिंग, लक्ष्य `88/Sh
  • CS ON CADILA HEALTH : Neutral रेटिंग, लक्ष्य `251/Sh
  • CS ON PIDILITE IND : Underperform रेटिंग, लक्ष्य `1245/Sh
  • MACQUARIE ON BHEL : Neutral रेटिंग, लक्ष्य घटाकर `58/Sh

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