Trust Stamp for SHAH ALLOYS LIMITED


	SHAH ALLOYS LIMITED

Registered Office

Address	5/1 Shree House,5th Floor M.J. Library ,Ashram Road,Ahmedabad-380006,Gujarat,India
Tel. No.	917926578030/26578046/26578058/55308100
Office Tel. No.	91-79-66629100
Plate Division Tel. No.	91-79-66629133
Round Division Tel. No.	91-79-66629135
Purchase Division Tel. No.	91-79-66629123
Export Division Tel. No.	91-79-66629151, 66629152
Fax No.	917955308110/55308120/55308150/ 66629110, 66629120, 66629150
Area	1,200 sq. fts
Location	Owned

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SUMMARY

Incorporated	1990/11/23
Registration No.	014698
No. of Employees	Around 686
Line of Business	Manufacturing of Alloy Steel Products.

Status

Company is an old & established concern.

Payments

Slow

Litigation

Clear

Auditors

Name :	Address :
Parikh & Majumdar, Chartered Accountants	204-5-6 Harsh Avenue, Navjeevan Press Road, Opp. Gujarat High Court,Ahmedabad 380 014, Gujarat, India
Name :	Address :
Talati and Talati, Chartered Accountants	Ambica Chambers, Near old High Court, Navrangpura Ahmedabad 380 009,Gujarat, India.

FACTORY WAREHOUSE

Factory	Block No. 2221 / 2222 Shah Industrial Estate, Sola Kalol Road, Santej, Taluka Kalol, District Mahesana - 382 721, Gujarat, India
Tel. No.	91 2764 286525 / 286545 / 286616
Fax No.	91 2764 286615
Area :	35,285 sq. fts.
Location :	Owned

BRANCH

Located at :
PURCHASE OFFICE FF/4, P. K. House, 1st Floor, Behind M. J. Library, Ashram Road, Ahmedabad 380 006, Gujarat, India
Tel. No. 917926575081
Fax No. 917926575110

LEGAL FORM

A public limited liability company. The companys shares are listed on the Stock Exchanges.

DIRECTORS

DIRECTORS
Name : Mr. Rajendra Vijaykumar Shah
Designation : Chairman and Managing Director
Date of Birth : 1955/09/19
Profile : He is the Chairman and Managing Director from a modest beginning with acquisition of rolling mill in 1976, graduating to steel production in 1990 with installed capacity of 15000 T/annum steel at company. This has transformed Shah Alloys Limited, as giant in stainless steel making with his foresight, technical skills and personal involvement. He has demonstrated the true quality of a leader and leads the organization from front. The company is the 2nd largest stainless steel producer in the country aiming for the top spot.
Name : Mr. S. N. P.
Designation : Joint Managing Director
Name : Mrs. Ragini R. Shah
Designation : Director
Date of Birth: 1961/01/11
Name : Mr. Jayesh V. Shah
Designation : Director
Date of Birth: 1969/05/28
Name : Mr. S. T. Shah
Designation : Director
Date of Birth: 1927/08/02
Name : Mr. G. M. Shaik
Designation : Director
Date of Birth 1940/07/30
Qualification: Chartered Accountant
Name : Mr. Mahendra K. Shah
Designation : Additional Director
Name : Mr. Atul P. Pandya
Designation : Executive Director
Date of Birth: 1958/04/20
Name : Mr. Girishchandra Bhatt
Designation : Director
Name : Mr. Ashok Sharma
Designation : Director
Name : Mr. Sandip A. Mistry
Designation : Director
Name : Mr. Bhagwant Singh Rawat
Designation : Jt. Managing Director
Name : Mr. K.S.Kamath
Designation : Director (Marketing and Logistic)
Name : Mr. Yogesh N Thaker
Designation : Director (Human Resources and taxation)
Name : Mr. N.D.Shah
Designation : Director
Name : Mr. Dilipkumar Sinha
Designation : Director
Name : Mr. Harshad M. Shah
Designation : Director

KEY EXECUTIVES
Name : Mr. Bhupendra Jha
Designation : Vice President
Name : Mr. Sandip A. Mistry
Designation : Company Secretary and Sr. Manager (Finance)
Name : Mr. Kirit Kanjaria
Designation : Company Secretary

MAJOR SHAREHOLDERS

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN AS ON 31.03.2008
Names of Shareholders No. of Shares Percentage of Holding
Indian Public 4452742 22.49
NRIs 38395 0.19
Nationalised Banks / Insurance Company 1776724 8.97
Domestic Companies 2770763 14.00
Promoters 10590370 53.49
Directors & their relatives 168546 0.86
Total 19797540 100.00

PRODUCTS DETAILS

Products:
Product Description Code
Grades of Stainless Steel
Utensil Grades
Austenitic Stainless Steel
Martesitic Stainless Steel
Stainless Steel Plate & H. R. Coil
Stainless Steel Bars
Stainless Steel Black Bars
Stainless Steel Wire Rod in Coil
Stainless Steel Bright Bars
Stainless Steel Wires
Stainless Steel Hex & Square
Stainless Steel Flat
Stainless Steel RCS
Stainless Steel Angles
Ingots Of Iron And Steel Other Than High Carbonsteel 72061009
Ingots And Other Primary Formsof Stainless Steel 72181000
Stainless Steel Flat Bars 72281009
Hot Roiled Plate And Other Steel 72269109
Hot Roiled Mssheets And MS / SSC OIS 3211

IMPORT DETAILS

Imports to :
Products : Raw Materials, Capital Goods, Stores
Countries : Germany

PRODUCTION DETAILS

PRODUCTION STATUS AS ON 31.03.2008
Particulars Actual Installed casting capacity (MT)
S.S Flats, bars and Castings, hot Rolled M.S Plates, S.SHR Coil 300000

TRADING TERMS

Terms :
Purchasing : L/C

TYPE OF CUSTOMERS

Customers :
Kesar SAL Hospital and Medical Inst.
SAL Hospital and Medical Inst.
SAL Steel Limited

BANKERS

Bankers :
Union Bank of India
State Bank of India
Bank of Baroda
Axis Bank Limited
IDBI Bank Limited
The Dhanlaxmi Bank Limited
Punjab National Bank
ING Vysya Bank Limited
State bank of Saurashtra
Bank of Maharashtra

AUDITORS

Name :	Address :
Parikh & Majumdar, Chartered Accountants	204-5-6 Harsh Avenue, Navjeevan Press Road, Opp. Gujarat High Court,Ahmedabad 380 014, Gujarat, India
Name :	Address :
Talati and Talati, Chartered Accountants	Ambica Chambers, Near old High Court, Navrangpura Ahmedabad 380 009,Gujarat, India.

FINANCIAL INFORMATION

[all figures are in Rupees Millions]
Particulars 2008/03/31 2007/03/31 2006/03/31
Sales Turnover 9032.566 13635.100 9581.900
Other Income 101.178 191.700 306.200
Total Income 9133.744 13826.800 9888.100
Profit/(Loss) Before Tax (1791.220) 472.600 489.000
Provision for Taxation (602.427) 81.400 141.500
Profit/(Loss) After Tax (1188.793) 391.200 347.500
Earnings in Foreign Currency :
Traveling Expenses 0.566 0.415 NA
Book and Periodical NA 0.020 NA
Commission Earnings 3.536 1.953 NA
GDR Listing Fees NA 0.720 NA
Bank Charges NA 0.027 NA
Total Earnings 4.102 3.135 NA
Imports :
Raw Materials 1082.954 2862.730 NA
Stores & Spares 25.712 8.059 NA
Capital Goods 15.974 30.728 NA
Total Imports 1124.640 2901.517 NA
Export Value 1635.989 5672.725 NA
Expenditures :
Raw Materials 7039.341 9518.000 6212.500
Stock Adjustments 457.915 (194.200) (212.500)
Excise Duty 0.000 1148.300 1256.300
Power and Fuel Cost 0.000 787.900 648.000
Other Manufacturing Expenses 2587.324 939.700 637.300
Employee Cost 0.000 117.000 112.100
Selling and Administration Expenses 0.000 391.700 257.300
Miscellaneous Expenses 0.000 20.800 6.800
Interest and Financial Charges 522.921 407.000 305.300
Depreciation 317.463 218.000 176.000
Total Expenditure 10924.964 13354.200 9399.100

QUARTERLY / RESULTS
PARTICULARS 2008/06/30 (1st Quarter) 2008/09/30 (2nd Quarter)
Sales Turnover 2157.900 2305.100
Other Income 07.100 (43.400)
Total Income 2165.000 2261.700
Total Expenditure 2305.700 2387.800
Operating Profit (140.700) (126.100)
Interest 160.600 149.100
Gross Profit (301.300) (275.200)
Depreciation 84.300 87.300
Tax 00.200 00.300
Reported PAT (328.500) (331.500)

CAPITAL STRUCTURE

Capital Structure

Authorised Capital :
No. of Shares Type Value Amount
35000000 Equity Shares Rs. 10.00 each Rs. 350.000 millions

Issued, Subscribed & Paid-up Capital :
No. of Shares Type Value Amount
19797540 Equity Shares Rs. 10.00 each Rs. 197.975 millions

NOTE: Paid up Capital includes: 20 [P.Y. 20] Equity shares of Rs 10/- each issued on amalgmation of erstwhile company M/s Shah Steel & Industrial Gases Limited 8910020 [P.Y. 8910020] Equity shares of Rs 10/- each fully paid up issued bonus shares by capitalisation of reserve.

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