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.

PPAP is also the largest OEM supplier of Rigid PVC Extrusions to all the Refrigerator and Visi-cooler (Commercial Refrigerators) manufacturers in India. In addition the company also caters to the furniture, electrical, building and construction industry. This product range includes refrigerator bottle-shelf and wire-shelf trims, Visi-cooler Door and Thermal Breaker profiles, Chest-freezer Profiles, Rolling Shutter Profiles (Tambour Door profiles), Door Sash, Extruded parts with decorative foil and various other post extrusion processes. In this field again, the company has managed to secure an 'Excellent' quality rating from OEM's such as Carrier, Electrolux, Godrej, Videocon, Voltas and Blue Star etc.

PPAP's export division supplies customized extruded parts to various industries overseas. These products are being exported to many countries such as the UK, Australia, New Zealand, France, Italy, countries in the Middle East etc.

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About Precision Pipes & Profiles

Established in the year 1978 as partnership Firm with the name of M/s Precision Pipes and Profiles Company and converted into a Public Limited Company in the year 1995 with the name of Precision Pipes and Profiles Co. Ltd. (PPAP) (a CRISIL SME1 Rated Company). PPAP is the principalmanufacturer of Specialized Profiles and Extruded Products in India and supplies to Original Equipments Manufacturers (OEM’s) working in association with companies around the world to create products that satisfy a host of customer requirements. T he Company has never looked back since its inception and soon went on to become the largest, single source supplier of Import substitution products for the automobile and white goods industry.

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 Weatherstrips, BodySide Moldings, Roof Trims and Moldings, Windshield Moldings, Quarter Window Trims, Door Opening Trims and Fuel Hoses.