My Dear Colleagues,

The year 2007-08 is just over and I thank you for all the hard work you put in throughout the year to make it one of the most eventful and profitable year in the history of the Company.  We crossed a magic milestone of Rs.400 crores revenue this year, which will put us in the reputed position of the  steel service center. I congratulate you all for achieving this.

Some of the most satisfying initiatives we did during the year was to start the Wire Drawing, Plate Processing and washer manufacturing. These activities will now move us to Level 2 and Level 3 Service Centre activities which we always wanted to do and keep ahead of others in the country.  With your help, I am sure, that we will achieve it next year.
The New Financial Year will confront us with many more challenges, different from before, because we will be venturing into new businesses and new competition coming from big companies opening up service centers in the country.  We have achieved excellence in our business, This has to happen and you must help me to make this happen.

I wish your spouses and your family all the best for the next financial year and thank them for the support they have given us (through you) for our achievements. I thank you again for your support to the Company’s performance this year and promise you lots of excitement ahead.

With Kind regards,

Yours sincerely,

Mr. Rajesh Poddar
CMD (LOHA ISPAAT LTD)