ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Courtesy, Capital Goods Imports

Courtesy, Capital Goods Imports Hansavivek PEICO ELECTRONICS AND ELECTRICALS has received a number of letters of intent, industrial licences, and regulation of capacities covering ia wide range of products. In the electronics components field, it has got letters of intent not only for expansions in a number of existing components manufacture but also for a whole range of new items. Arising from these various letters of intent and industrial licences, the company would have to expand production capacities of variable con- densors, electrolytic capacitors, potentiometers, loudspeakers, and ceramic capacitors in the coming years, in the field of lamp components, the company has received industrial licences for dumet and component wires, which are vitally needed in manufacture of lamps. Reguliarisation of radio capacity in Calcutta, and letters of intent for micro motors, tape desk medianisms, and magnetic heads, have -made it necessary for the company to plan for a major new audio complex in Salt Lake City near Calcutta. Oscilloscopes, frequency counters and timers, and portable diagnostic ultra-sound instruments, (are new letters of intent for the professional electronics equipment factory at Pune. A modern, environmentally-controlled factory has been recently completed at Pimpri near Fune, Receipt of a letter of intent for x-ray diagnostic systems heralds For the company yet another major step. According to C J Seelen, Chairman and Managing Director, a more pragmatic government policy towards capacities and a liberal arjproach to imports of machinery and capital goods has enabled the company to implement its plans to -modernise and expand capacities which could lead to reasonable economies of scale. The company has suffered a sharp setback in its performance in 1983, due to industrial relations in its factories in general and in the Pune factories in particular. There was a prolonged cessation of work and it affected sales and profitability severely. To ensure supplies to dealers and consumers, management procured goods from alternative sources, while safeguarding the company's quality standards. Although sales increased from Rs 162.77 crore to Rs 164.85 crore, gross profit was only Rs 8,24 crore against Rs 15.04 crore in previous year. Net profit also dropped, from Rs 6.15 crore to Rs 1.70 crore. Dividend has been lowered by 2 points to 16 per cent, a half of which is short- earned. Last year's higher distribution was covered 1.33 times by earnings, During latter part of the year, government announced a series of reductions in excise and customs duties and the company passed on the benefits of all these reductions to consumers. These reductions covered the entire range of company's products

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