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Monday, March 16, 2009

Indo Asian Fusegear Limited:-Management"s guidance

q)Can you throw some light on expansion plan in near term?
ans)In the current financial year we shall be expanding our current manufacturing base to produce bigger volume of our products to keep pace with the growing market requirements in line with the vision of the company. We shall also be investing in setting up manufacturing lines for some new products which compliment and supplement the current range enabling the company to provide a wholesome solution to the consumers at large.

q)What do you think will be the growth driver of the company in the coming years?
ans)We look at the future with great hope and conviction because the electrical sector is set to grow at a rate which will perhaps set a global benchmark. Doubling of the generation capacity in the next 4 / 5 years will open flood gates of opportunity for manufacture of quality electrical distribution equipment. We have a long history of using company’s knowledge of the business and skills set of people to produce high quality products, which will be further fine tuned to perform as per emerging global standards so that we emerge as one of the major beneficiaries in this era of growth.Because of the capability to produce world-class products at affordable prices we also see the global opportunity appearing on the horizon at a very fast rate and hence we are looking at playing a critical role in serving the customers in the domestic and the international market in a big way.

q)The company announced a drop in net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 85.10% to Rs 4.22 million from Rs 28.32 million in the same quarter previous year. What sort of financial performance could we expect for the forthcoming quarter and fiscal?

ans)The entire industry was exposed to extremely difficult period because of slow down in practically all segments of business. The severe reduction in construction industry, automobile industry is not a secret. We were not able to fully justify the promise we had made in the beginning of the financial year because as a policy it was decided that we shall not do any business where the company’s assets are at stake and hence the business results were not as per the expectations thereby the resultant quarterly profits were impacted.Because of the prudent handling of the situation by the Government the business outlook has again started to improve and we shall certainly do much better in Quarter IV as compared to Quarter III and we will strive to improve the business results considerably in the next financial year and try to make up for the shortfall expected by us and the entire industry of which we are a integral part.

q)On a lighter note, what takes up your time besides managing the company?
ans)There is very little time left after the management responsibilities and in times of need as expected we at senior management level do a lot extra to ensure that the organization is protected against the negative impacts of the environment. I must share that this effort is not a burden and for me it is an enjoyment because there is a purpose behind all that we are doing and contributing. It is in the difficult times that one is able to reflect and correct some of the processes so that the company can perform at the optimum level without any flab or wastages.

q)What is your view of the current economic downturn in the industry?
ans)The entire global community recognizes that India is different from rest of the world whereas some economies are talking of shrinking; we are still talking of 6 – 7%growth in the next financial year. I see this as an opportunity for the entire Indian industry to put the act together and realize our dream of overtaking the projected figures. It is this performance which will enable us to make our great nation a financial power which is expected from us and we are on the right path.

q)Any message to shareholders of the company?
ans)It is very satisfying to note that we are in the right industry, at the right time, with the right products, operating at the right locations, and manned by a team of highly dedicated stakeholders. Like in the past we will continue to work and strive to create a very robust business model which will continue to drive the company towards higher successes where we could create the shareholders wealth and thereby honouring the promise which is deep in our heart.

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