Installation
of De-inking Plant
Paper mills using waste
paper as raw material
faces a major constraint
with regard to low brightness
of paper manufactured
due to presence of ink
in waste paper which originates
from various sources and
which is our prime raw
material. To overcome
this difficulty, the Company
has put up an advanced
fully computerized de-inking
plant from L & T India
and Voith German.
Installation
of Turbine
Uninterrupted Power Supply
is crucial for quality
production. The Company
has set up a steam turbine
of 4.5 MW fully computerized
to ensure uninterrupted
power supply at a lower
cost from known supplier
of Thermax Engineer and
Tiwari Engineer India.
The aforesaid measures
have resulted in improvement
in quality of finished
product and better sales
realization at Lower Cost
of Production.
To continue with its modernization
spree, Magnum Ventures is
undertaking an ambitious
programme for up gradation
and modernization of its
manufacturing facilities
which will result in better
utilization of installed
capacity, cost reduction
and quality improvement.
On the implementation
of the present modernization
programme, the profit
margins of the Company
will further go up through
reduction in cost on one
hand and better sales
realization on the other
hand.
The Company is also planning
to enter the capital market
by offering its equity
shares to the public through
an IPO.
As a vibrant
economy,
higher education become
more easier compare to
last decades besides that
new generation have a
positive and serious attitude
towards having higher
education. The Government
of India has taken several
path-breaking initiatives
for spread of education
in the country. The Government
is mobilizing necessary
resources for this noble
purpose through imposition
of education Cess besides
Free education to girl
child. With the enhanced
allocation of funds to
the education set up demand
for printing and writing
paper will substantially
go up.
National Capital Region
is a happening place in
the country with the Commonwealth
Games stated to be held
in Delhi. There will be
great demand for Luxurious
hotels. Your Company is
seriously contemplating
to enter the hospitality
and tourism sector, and
our Bankers including
Punjab National Bank has
shown their positive confidence
in the Company to participate
in full term loan lending
required for the Hotel
Project.
To implement the stringent
standards of Corporate
Governance, the Board
of Directors of the Company
was strengthened with
the induction of eminent
persons as independent
persons namely:
» |
Retired
Justice Shri Sagar
Chand Jain, Hon’ble
Delhi & Allahabad
High Court. |
» |
Mr.
R. J. Kamath, Former
Chairman & MD
of Canara Bank &
Andhra Bank |
» |
Retired
Lt. Gen. Dr. M.
R. Kochhar, Ph.D,
MBA, B.Tech |
» |
Mr.
B. D. Shah, FCA, FCS,
MBA |
Some of the persons from
the promoters’ family
were also inducted. I extend
a warm welcome to the newly
appointed Directors.
I also thank all our
loyal customers for the
confidence that they have
shown in us.
I would like to express
our gratitude to our Bankers
for their timely support
to Indian Overseas Bank,
Oriental Bank of Commerce,
Syndicate Bank and Punjab
National Bank
At Last, I would like
to thanks all the Staff
members of Magnum, Government
official of various Government
Department for their continuous
supports. I am grateful
to each one of them.
Look forward to your
continued support and
patronage.
With best wishes,
Salek Chand Jain
Founder Chairman
