Kabra Extrusion Technik

The Directors are pleased to present the TWENTYFIFTH ANNUAL REPORT and
 the AUDITED STATEMENT OF ACCOUNTS for the year ended 31st March, 2008.
 
 1.  FINANCIAL RESULTS:                               (Rs. in Lacs)
 
 PARTICULARS                                2007-2008       2006-2007
                                         (Current Year)  (Previous Year)
 
 Sales Turnover and Other Income              15055.14       12870.30
 Gross Profit before Interest & Depreciation   2327.18        1393.62
 Less: Interest                                  69.13          49.14
 Depreciation                                   337.36         304.34
 Prof it Before Tax                            1920.69        1040.14
 Less: Provision for Taxation                   425.00         255.00
 Provision for Deferred Tax Liabilities          31.77          58.95
 Net Prof it After Tax & Deferred Tax          1463.92         726.19
 Less : Taxation of Earlier Year                (12.80)           --
 Prof it after above tax                       1451.12         726.19
 Balance b/f from previous year                2219.46        1988.17
 Amount available for appropriation            3670.58        2714.36
 APPROPRIATIONS:
 Transferred to General Reserves                150.00          75.00
 Provision for Proposed Dividend .              478.53         358.90
 Provision for Tax on Proposed Dividend          81.33          61.00
 Surplus balance carried to Balance Sheet      2960.72        2219.46
                                               3670.58        2714.36
 
 2.  DIVIDEND:
 
 Your Directors are pleased to recommend a dividend of Rs. 6.00 per
 share of Rs.10/- each for the year ended 31a March, 2008 (Rs. 4.50 per
 share for the previous year) subject to the members approval.
 
 3.  OPERATION AND OUTLOOK:
 
 The Company has achieved the Operational and Other Income for the year
 under review at Rs. 15055.14 Lacs as against the previous years
 operational and other income of Rs. 12870.30 Lacs, an increase of
 around 17% over previous year. The profit before tax amounts to Rs.
 1920.69 Lacs against the previous years profit of Rs. 1040.14 Lacs, an
 increase of around 85% over previous year. Net Profit of the Company
 after tax, Deferred Tax and tax provision of earlier year amounts to
 Rs. 1451.12 Lacs as against Rs. 726.19 Lacs of the previous year, an
 increase of around 99.83% over previous year.
 
 4.  EXPORTS :
 
 Exports during the year is Rs. 54.95 Crores, as against previous years
 export of Rs.52.10 Crores, an increase of 5% over previous year.
 
 5.  DIRECTORS:
 
 In accordance with the Articles of Association of the Company and in
 view of provisions of Section 255 of the Companies Act, 1956, Shri
 Yagnesh B. Desai and Shri Nihalchand C. Chauhan, Directors of the
 Company retire by rotation at the ensuing Annual General Meeting and
 being eligible, offers themselves for re-appointment. It is proposed to
 re-appoint Shri Satyanarayan G.  Kabra as a Vice-Chairman & Managing
 Director of the Company w.e.f. 1st July, 2008 for a further period of 5
 (five) years and appoint Shri Anand S. Kabra as a Technical Director of
 the Company w.e.f. 1st August, 2008.
 
 6.  DIRECTORS RESPONSIBILITY STATEMENT :
 
 Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors
 hereby confirm that:
 
 (i) in the preparation of annual accounts for the year ended 31st
 March, 2008, the applicable accounting standards have been followed
 along with proper explanation relating to material departures, if any;
 
 (ii) they have selected such appropriate accounting policies and
 applied them consistently, and made judgements and estimates that were
 reasonable and prudent so as to give the true and fair view of the
 state of affairs of the Company as at 31st March, 2008, and of the
 profits of the Company for the said financial year;
 
 (iii) they have taken proper and sufficient care for the maintenance of
 adequate accounting records in accordance with the provisions of the
 Companies Act, 1956, for safeguarding the assets of the Company and for
 preventing and detecting fraud and other irregularities;
 
 (iv) they have prepared the said accounts on a going concern basis.
 
 7.  AUDITORS :
 
 M/s. A.G. Ogale & Co., Chartered Accountants, Auditors of the Company
 will retire from the office of the Auditors at the conclusion of the
 ensuing Annual General Meeting and being eligible offer themselves for
 re-appointment. They have furnished a certificate of their eligibility
 for re-appointment u/s.224 (1 -B) of the Companies Act, 1956 and they
 are not disqualified under amended section 226(3)(e) of the said Act.
 
 8.  LISTING FEES :
 
 The Company confirms that the Annual Listing Fees due to Bombay Stock
 Exchange Ltd., Mumbai and National Stock Exchange of India Ltd., Mumbai
 for the financial year 2008-09 have been paid.
 
 9.  CORPORATE GOVERNANCE :
 
 A separate section on Corporate Governance is included in this Annual
 Report as required under Listing Agreement.
 
 10.  EMPLOYEES RELATIONS :
 
 Employees relations continued to be cordial throughout the year. The
 Directors appreciate the efforts put in by the employees at all the
 levels. As required by the provisions of Section 217(2A) of the
 Companies Act, 1956, read with the Companies (Particulars of Employees)
 Rules, 1975, Shri S. V. Kabra, Chairman & Managing Director is a sole
 employee covered in the statement given hereunder as ANNEXURE A.
 
 11.  CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION :
 
 A Statement giving details of conservation of energy, technology
 absorption and foreign exchange earnings and outgo in accordance with
 the Companies (Disclosure of Particulars in the Report of Board of
 Directors) Rules, 1988 forms part of this report as ANNEXURE B.
 
 12.  ACKNOWLEDGEMENT:
 
 The Board of Directors of your Company place on record their gratitude
 and would like to thank Shareholders, Bankers, Customers, Suppliers,
 Advisors and all employees for their valuable support and co-operation.
 
 
                                      For and on behalf of the Board
 
 Place : Mumbai                              S. V. Kabra
 Date: 14th May, 2008                Chairman & Managing Director