Rajratan Global Wire Limited (RGWL) is one of the leading manufacturer of High Carbon Steel Wires in India. The Company is manufacturing Prestressed Concrete Wire and Strends since 1991 and started making Tyre Bead Wire since 1995 .
RGWL’s has a most modern factory at Pithampur, which is 25 Km from Indore, a prominent business city in Central India .The quest for quality , excellence and progress driven by the total dedication of a competent and professional management team is the hallmark of RGWL.
In a short span of time RGWL has achieved leadership position in Tyre Bead Wire business in India having a global scale of operation and export into various countries besides supplying to all Indian Tyre manufacturers.
The Company is committed to supply quality product as per the specific requirement of its customers.
RGWL’s Tyre Bead Wire manufacturing unit is certified for ISO / TS 16949 : 2002 and P.C. Wire and Strands Unit is certified for ISO 9001 (2000) by M/s TUV Rheinland Germany.
products:-
1.tyre bead:
Tyre Bead Wire is a high carbon bronze coated steel wire used in all tyres. The main function of bead wire is to hold the tyre on the rim and to resist the action of the inflated pressure, which constantly tries to force it off. The bead is the crucial link through which the vehicle load is transferred from rim to the tyre. It significantly affects the safety, strength, and the durability of tyres.2.pc wire:
The use of high tensile steel in prestressing concrete results in considerable saving of cement and steel. Prestressed concrete wires and strands have found applications in the construction of bridges, silos, buildings, dams, atomic reactor vessels, stadia, airport hangars, runways, and in the manufacture of mass produced components like railway sleepers, water pipes, electricity poles, beams, hollow and solid (extruded) slabs etc.
from annul report 2007:
PROSPECTS AND OUTLOOK
Barring unforeseen contingencies the performance of the Com- pany in the current year is expected to be better than FY07. We expect to further reduce the conversion cost due to availability of piped LNG during FY 2007-08. As the profitability of tyre com- panies have improved we are confident of passing some price increase to our customers. The threat of cheap imports from China is also reduced due to enough measures taken by Chinese gov- ernment against export of steel products from China.
The project in Thailand will commence production from Sep- tember 07 and we expect that in times to come this synergy will have favorable impact on the performance of the Company. This project of the Company has transformed RGWL from a domes- tic tyre bead wire producer to an international tyre bead wire company with global scale of operation. As and when these addi- tional capacities will come on stream, hopefully by 2009 we will have a total capacity of 55000 MT
The years ahead will have great challenges however the returns will also be rewarding enough.
SUBSIDIARY COMPANY
Rajratan Thai Wire Co., Ltd., Thailand - Wholly owned
subsidiary
In line with the long term vision, the Company has made substantial progress in starting a tyre bead wire manufacturing facility in Thailand for which a wholly owned subsidiary Company - Rajratan Thai Wire Co., Ltd, Thailand was incorporated on 28 November 2006. Since then there is good progress in the project.
The Company has received all the licenses and permissions required to do business, it has also received privilege certificate from Board of Investment of Thailand, which allows duty free import of Plant and machinery and seven years corporate tax holiday etc . The project is at an advance stage of implementation and the first phase will be ready for production in September 07. The total investment planned for the project is USD 13.6 Million which will be completed in next one year.
Copies of the abridged balance sheet, abridged profit and loss account and directors report along with abridged consolidated financial state- ment have been attached with this report.
WIND MILL PROJECT:
Investment made in 5 windmills with a total capacity of 2.25 M.W. has contributed Rs. 126.91 lacs as total gross earning through power generation in FY 2006-07.
it has an equity of 4.35Cr and last year it has posted 1.25Cr for full year .
for first quarter 08-09 it has posted 38.Cr turnover 2.35Cr net profit .
during last quarter workers called off strike and started Thailand operations
i am expecting 10Cr net profit for full year (20eps) current price 135 .buy for one year .it will touch 250rs any way public holds only 20% 4.75 lakS shares only.
No comments:
Post a Comment