The Board of Directors of Precision Pipes and Profiles Co. Limited (PPAP) has recommended 30% dividend for the year 2007-08. The dividend is on enhanced capital base of Rs. 1400 Lacs and will result in a payout of Rs. 420 Lacs.

The total income of the Company has registered a growth of 16% compared to the previous year from Rs.10973.36 Lacs to Rs. 12741.96 Lacs. The Net Profits have grown by about 39% to Rs. 1938.63 Lacs compared to the previous year. The significant improvement in the Net Profits of the Company is on account of effective utilization of raw materials and decrease in manufacturing expenses on account of better utilization of resources.

While the Auto business division of the Company contributed around 92% of the Company, White Goods division, electrical and construction division contributed the remaining 8 % of the Turnover. During the year the installed capacities of the Company increased from 47.50 Lakh KG to 59.00 Lakh Kg mainly on account of setting up of Electrical Mainline Division at Badarpur New Delhi. This division has received its first commercial order from its Australian Collaborator and deliveries against these have started from the month of January, 2008.

During the Financial year 2007-08 the Company was awarded for Outstanding Performance in the category of Cost by Honda SIEL limited. Toyota Kirloskar Motors Limited gave the Best Vendor Award to the Company in the Category of Cost, Quality, Zero PPM and Best Quality Supplier (Delhi Region).

The New Plant at Surajpur Industrial Area, Greater Noida, UP for which funds were raised through an IPO during the year, is in advanced stage of implementation and commercial production at this plant is expected by September, 2008

PPAP is a leading manufacturer of high quality automotive sealing systems and exterior products in India. The company has six state of the art manufacturing facilities, which are located in New Delhi and Noida UP. All the plants are TS 16949, ISO 14001 and OHSAS 18001 certified. PPAP’s core competence is in Plastic Extrusion and Injection molding.

In association with Tokai Kogyo Co. Ltd. (Japan), the Technical Collaborator of the company, today PPAP is the single biggest supplier of Automotive Sealing Systems, Profiles And Extrusions to Maruti Udyog Limited (The Biggest Automobile Manufacturer in India), Honda SIEL, Krishna Maruti, Toyata Kirlosker, TS Techson, Fiat India And General Motors India Limited. The automotive product range includes Weather-strips, Body Side Moldings, Roof Trims and Moldings, Windshield Moldings, Quarter Window Trims, Door Opening Trims and Fuel Hoses.

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