Enkei Wheels (India) Chairman's Speech > Engineering - Heavy > Chairman's Speech from Enkei Wheels (India) - BSE: 533477, NSE: N.A

Enkei Wheels (India)

BSE: 533477|ISIN: INE130L01014|SECTOR: Auto Ancillaries
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« Mar 13
Chairman's Speech (Enkei Wheels (India)) Year : Mar '15
Dear Shareholders,
 I would like to begin by expressing my gratitude to Each of you for
 extending your continuous support towards Enkei Wheels (India) Limited.
 During the year under review, your company could get sufficient orders
 for the 4 wheelers & 2 wheelers segment and meet the required
 production with the utilisation of additional capacity of MAP4
 production line. As a result, we could succeed in delivering 2.1
 Million pieces of wheels and achieve net revenue amounting to INR 3840
 million during the year. This marks a 20 % increase in sales over last
 External Controllers
 Considering the external perspective, spurred by the positive change in
 the Indian Government (Modi Government) in Indian General Elections in
 May 2014, India shows signs of economic recovery amidst favorable
 sentiment from within the country as well as across the globe. At the
 same time, the sale of many new models was started by our customers.
 The vigorous changes in the surrounding environment for Indian
 automobile industry hitherto unseen, is quite marked now . This was the
 prime reason for our growth during the year 2014-15.
 As a result, the overall Indian automobile industry posted positive
 3.9% growth (domestic sale) for passenger cars (incl. UV & Van) in
 2014-15 against the previous fiscal year and the 2 wheeler segment,
 posted 8.1% positive growth.
 Internal Controllers
 Internally , we adopted the following types of measures:
 - Exercising Enkei Core Values viz
 Regard for human life, Mutual Trust, Co-existence & co- prosperity
 We have also ensured the continuous practice of Enkei DNA, Level &
 Label up of employees with the help of fundamental tools like 5S
 - We have been continuously practicing the BEP (Break Even Point)
 Management, that is
 1. Increase Value Added Ratio (Implementation of 3 B)
 2. Reduce Fixed Cost (FCRActivity: Fixed Cost Reduction activity)
 3. Increase SalesAmount (Adoption ofProduct Mix strategy)
 - Use of CFT Activity (Cross Function Team activity), Enhancement of
 - Exhaustive practice of Health & Safety measures with the
 commendation of OHSAS 18001 made us more vigilant in terms of
 Environmental Management Backed by these, we could ;
 - Ensure maximum productivity
 - Meet the challenge of competitive pricing and
 - Come up with high quality that would deliver a sense of comfort
 feeling and foster customer''s trust.
 Enkei Parent support & Policy
 It is known and we are proud to reiterate the fact that The biggest
 strength of Enkei Wheels (India) Limited, is that it brings to bear on
 the manufacture 63 years of vast experience of the Enkei Group in the
 field of research & development and manufacturing of aluminum alloy
 wheel.  The ample technical support & cultural exchange from Japan and
 other ASEAN group companies of Enkei, help us to successfully sustain
 the No.1 position for aluminum wheels OEM supplier at present in India
 and we commit to continue the same growth.
 In the current fiscal year 2015-16, consistently, like the previous
 year we will ride on this favorable wind and aim to obtain further new
 orders and ensure stable production. Along with this, we have strong
 intention to put our best foot forward towards making more profit than
 the previous financial year. With the help of our Enkei Group Company
 Motto 2015 SUUJI WO MITE TSUKAU: Numbers do not lie, we aspire to
 see the future by setting up clear goal in terms of the NUMBERS.
 Looking Ahead
 The Indian Government has ambitiously embarked on the concept of Make
 in India  intended to strengthen the manufacturing bases in India.  It
 is our belief that such move will ensure growth in more business
 The recent changes introduced in Indian Companies Act, 2013, has
 enhanced the compliance obligations. We have geared up to ensure full
 compliance thereof. Fair compliance leads to corporate accountability
 and better corporate governance. As a part of an industry, we would
 like to meet these challenges and deliver the value to our stakeholders
 with transparency.
 As a social obligation, we routinely exercise Health & Safety
 procedures, Environmental Management and serve the reason for existence
 in the society.
 At the end of this communication, I would like to express my heartfelt
 thanks to all our stakeholders for taking keen interest in the company
 and giving ongoing support and look forward to receive the same in
 future as well.
                                           Masakatsu Uchiyama 
                                           Managing Director
Source : Dion Global Solutions Limited
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