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Tulive Developers Ltd.

BSE Live

Jan 14, 16:00
198.80 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
2,020
10-Day
1,019
30-Day
2,628
50
  • Prev. Close

    198.80

  • Open Price

    198.80

  • Bid Price (Qty.)

    198.80 (5)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Tulive Developers is not listed on NSE

Annual Report

For Year :
1998

Chairman's Speech

Sales for the year ended 31st March, 1998 were Rs. 412.14 lakhs as compared to Rs. 455.54 lakhs in the previous year. The profits before tax were Rs. 17.27 lakhs as against Rs. 41.09 lakhs. The performance for the year could have been better but for the shortfall in orders for standard products due to the recession in the engineering industry. Project orders have however helped to sustain the position. In view of the lower profit, the Board of Directors has recomended a Dividend of Rs. 2.50 per share. For some considerable period the economic situation in the country has been declining. The capital goods, engineering and automobile industries are particularly affected. As Kerry Jost caters to these industries, it has been a difficult year for the Company. Orders have been slow in coming, customers are unable to take delivery because of their own financial situation and others have been slow in paying their dues. The Company is taking steps to meet this situation. Sales efforts in all the product lines in which the Company operates are being intensified, a major thrust is being made to collect outstandings, and an economy drive is being initiated to cover all variable expenses. In addition, customers are being identified for projects where special skills have been developed by the Company in process engineering. The ISO-9001 Qualification that was referred to last year is an additional feature that is benefitting the Company in negotiating these special orders. It is expected that these negotiations will be successful shortly and would help the Company to show improved results in the current year. Politicians, economists and industrialists have all realised that some positive steps need to be taken to revive the economy. Should these intentions be implemented, this would further help to improve the prospects of the Company. We are optimistic that these difficult times would soon change. The long-term prospects are good and better results should follow. We thank our employees, customers, shareholders, bankers and suppliers for their continued support, with which we hope to achieve better results in the future.