INDUS TUBES LIMITED
ANNUAL REPORT 2008-2009
MANAGEMENT DISCUSSION AND ANALYSIS
The Current global crisis has no parallel after the great depression of
1930, which shook the world economy. The Financial System across the World
got disrupted leading to severe contraction in demand, steep fall in prices
, heightened risk aversion. The Steel Industry could not also could not
keep itself detached from the reeling economic turmoil for long time and
with the onset of second half of the year, it suffered severe dent globally
thereby breaking the long rally witnessed by the Indian steel Industry.
With steep decline in the demand for infrastructure, construction, housing
and automobile sector during the later half of the year , from where the
steel sector derives most of its demand, steel was the worst hit. In spite
of this turbulence and turmoil, your Company has achieved Sales and other
Income of Rs 124.22 Crores in comparison to the previous year figures of
Rs. 106.60 Crores. Whereas the Profit before Tax and Depreciation (PBTD)
has increased to Rs. 1.49 Crore in comparison to the previous year figures
of Rs. 1.37 Crore.
Your Company has a policy to adopt stringent quality norms for its
production and made all out efforts to ensure the quality of its production
for which it has been awarded ISO 9002 by INTERNATIONALLY renowned BUREAU
VERKTAS QUALITY INTERNATIONAL, LONDON.
Your Company has created brand image of its product in the market and is
starving hard to maintain the same for future. Major clients of your
Company are satisfied with the performance and quality of production of
your Company. Your Company is always open to adopt innovative new
techniques of product management at one hand and on the other it is
impressing upon to improve its supply line. The production of the Company
is mainly supplied to Government/Semi Government Departments/Undertakings/
Boards and other corporate entities. Your Company has poised itself to an
unassailable position to capture a larger share of the expanded steel
market which is likely to offset the impact of the global slowdown in the
demand to a great extent.
Your Company has not accepted any Fixed Deposits from the Public during the
year under review in violation of the RBI guidelines.
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