KAYTEE SWITCHGEAR LIMITED
ANNUAL REPORT 2007-2008
MANAGEMENT DISCUSSION AND ANALYSIS
The Companys working has resulted in
for the year ended for the year ended
Rs. in million Rs. in million
Gross profit including
Extra ordinary item
Amounting to 397.191 371.544
Less : Provision towards:
- Deprecation & other Provisions 98.509 225.328
- Taxation 27.500 5.000
Profit for the year 271.182 141.216
During the year under report, your Company has achieved a turnover of
Rs.4042.14 million (previous year Rs.3310.97 million). The turnover has
increased by 22.25% as compared to previous year. The Company has made a
profit of Rs.271.18 million (previous year Rs.141.22 million).
Outlook for the Company is good. The core industrial sectors like steel,
cement, mining, power generation, telecom, railways etc have increased
their capacity utilization which is providing a steady market for the
products of the Company. Further with India being recognized as
manufacturing hub for global supplies there is a scope for increase in
demand for the products of the Company.
Your Company is having orders in hand valued at Rs. 1790.00 million.
Scheme of Arrangement and amalgamation of the Company with Kirloskar
Electric Company Limited.
Your Company proposed amalgamation of the Company with M/s. Kirloskar
Electric Company Limited (KECL). The proposed Scheme is in the larger
interest of the companies, their shareholders, creditors, employees and the
general public. The restructuring would result in unlocking and enhancement
of shareholder value through the integration of your Company with KECL. In
terms of the said Scheme with effect from the Appointed date the Company
shall be amalgamated with KECL.
The Petition filed by your Company pursuant to the provisions of sections
391-394 of the Companies Act, is pending before the Honble High Court of
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