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

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TATA DAVY-Revival Plan

MODI XEROX has moved out of the red and earned a gross profit of Rs 4 42 crore for 1986-87 as against a trading loss of Rs 4.48 crore in the previous year following increase in revenue from Rs 29 83 crore to Rs 58.49 crore. After depreciation, there is a net profit of Rs 1.45 crore against a net loss of Rs 6 crore previously. The profit has been utilised to reduce the carried forward loss to Rs 4 90 crore. The management is confident of wiping out this loss in the current year The company has already begun to make an impact on the international scene, with exports to UK, USSR, Poland, Holland, Spain, Bulgaria, Czechoslovakia and Zimbabwe. Exports during the year exceeded Rs 8 crore FOB value Despite foreign exchange fluctuations and the rising Yen, the company has already exceeded its commitment to the government, with expoits of 44 75 per cent of its cost of production against a commitment of 30 per cent. The order book continues to be strong with exports worth Rs 6 crore in hand. The plan for the current year is to cross Rs 17 crore in FOB value. The company has commenced commercial production of toner and developer and photo receptors at its Rampur plant.

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