You are on page 1of 62

ABOUT US

OVERVIEW
Siyaram Silk Mills Limited is the flagship company of the prestigious Rs. 1000 Cr. Siyaram Poddar Group. From its humble beginnings in 1978, we have grown into one of India's largest manufacturers of textiles. We came into

existence in its current form of Siyaram Silk Mills Limited on the 16th of April, 1980. Our success is based on the pillars of passion, commitment and professionalism. Today we stand tall as the largest manufacturer of blended fabrics in India, producing over 30 million meters of suitings and shirtings annually and providing employment

opportunities to over 2500 people. We have covered the length and breadth of the country, and our fabrics are available in over 40,000 retail counters in India. Today, Siyaram is a trusted name in Suiting, Shirting's and fashion fabrics, giving consumers a choice of variety and range at an

affordable cost. The Siyaram Poddar Group has diversified interests in coated duplex boards, automobile tyres for agricultural and industrial products and processing of blended fabrics and is one of the largest producers of bicycle tyres and tubes. We invite you to browse our website and travel through the world of fashion.

VISION AND MISSION


VISION
TO BE A GLOBAL LEADER IN FASHION FABRICS AND DELIGHT THE CUSTOMER BY CREATING PRODUCTS THAT OFFER UNMATCHED SUPERIORITY. MISSION
1. To Achieve Total Customer Satisfaction 2. To Remain Globally Competitive by

a. Focussed Attention in Conversion Cost b. Attaining International Productivity Levels c. Minimizing Wastage d. Leveraging Economies of Scale
3. To continue to invest in technologies to keep

ourselves future ready


4. To continuously invest in Human Resource

Development
5. To upgrade and invest aggresively in IT Systems

HISTORY
SIYARAM SILK MILLS LIMITED promoted by SIYARAM PODDAR GROUP was incorporated on 29th June 1978. Initially, company was engaged in trading activity of suiting and shirting. Over the period of time, the company has expanded, diversified and integrated its facilities substantially and presently has facilities for manufacturing and marketing of suiting, shirting, texturising, dyeing yarn and ready-made garments. The company was incorporated as a Private Limited Company and in 1980 it was converted into a Public Limited company through a Public issue of Rs. 50 Lacs which was oversubscribed. The proceeds of the issue were utilized for setting up of a weaving Plant in Tarapur, Maharashtra. The said unit was further expanded in1984. In1985, a texturising/dyeing/weaving unit was set up at Patalganga in the State of Maharashtra. The Project was financed by a mixture of foreign currency loan and issue of

Right Equity Shares and Non-Convertible Debentures. The Plant was equipped with modern twisting and texturising machineries, including yarn dyeing facilities. In 1986, the weaving capacity was further expanded by inducting imported Sulzer Projectile Shuttless Looms at Murbad in Maharashtra. In addition to Sulzer Looms, Water Jet Looms imported from Japan were also installed there. In 1989, encouraged by demand of texturised yarn, additional manufacturing facilities for texturising/twisting was setup at Silvassa. With a change in the trend in fashion market readymade garments have become very famous. To cater quality products to this growing segment, Siyaram forayed into the Ready-made Garment Market with brand name of OXEMBERG, a brand that has been extremely well received in the market. Along with firmly establishing its brand image, a major expansion-cum-modernization prgoramme was undertaken
5

at the Tarapur weaving Plant during the year 1992-93. Under this programme, old generation looms were replaced with new Dornier looms of latest technology. The said expansion cum modernization programme increased the production capacity by a substantial margin. In the year 1995, Siyaram's entered into a tie-up with J.Hampstead, a well reputed and 125 years old company of England to supply most sophisticated high premium fabrics of Marino wool. This put Siyaram's offerings on par with the leading high premium brands in the country. The company has shown uninterrupted growth in sales as well as in profitability. The company enjoys excellent reputation in the fiercely competitive textile market and it has a proven track record of continuous growth, so far untouched by recession and intense competition.

Quick Facts
6

About Siyaram:
Siyaram Silk Mills is the market leader in the PV segment, with a reputation of ushering in the latest fashion trends. It is one of the largest players in the market with a weaving capacity of over 25 lakh meters every month. With the ever increasing demand for quality products the focus today is to bring its brand offerings to the Export, Furnishings and Garment Markets.

Locations:
Registerd Office H-3/2, MIDC, 'A' Road,

Tarapur, Boisar, District Thane, Maharashtra 401506 5th Floor, Trade World 'B' Wing Kamala Mill Compound, Corporate Head Quarters Senapati Bapat Marg, Lower Parel, Mumbai 400 013 Tarapur Tarapur Silvasa Tarapur Tarapur Andheri Daman Tarapur

Yarn Dyeing Plant Weaving Plants Processing Plants Cutting and Packing Plant Garments

Furnishings

Employees:
Main Officers Of The Company: Vice Chairman of the Board and Managing Director: Mr. Ramesh Poddar Joint Managing Director: Mr. Arvind Poddar

Senior President, Operations: Mr. Ashok Jalan Financial Summary: For the financial year ending March 31, 2005 Indian GAAP: Total Income : Net profit after taxes : Earning per share : Totalassets: Rs. Rs. Rs. Rs. 339.68 cr 8.12 cr 12.43 229.55 cr

Listings Mumbai Stock Exchange: 503811.BO

Key Milestones:
Started manufacturing activities with 66 indigenous 1978 looms. Achieved Rs. 1 Cr. Turover. 1980 Public Issue 1981-82 Expanded weaving capacity by adding Ruti B looms at

1984 1985 1986

Tarapur Further expanded by adding Laxmi Ruti C looms Set up Texturising and dying plant at Patalganga Inducted Sulzer Ruti Shuttle less / water jet machines installation at Murbad. Set up manufacturing facility for texturised / twisting

1988 plant at Silvassa 1989-90 Started the Export Division 1991 Launched OXMEBERG readymade garments Tarapur plant was modernized and expanded by inducting 1993 shuttleless Rapier machines from Dornier 1995 Launched J.HAMPSTEAD worsted suitings Commisioning of Silvasa Plant catering to international 1997 standards Expanded weaving capacity in Silvassa by adding shuttle 1999 less Sulzer Looms. Further expansion of weaving capacity by adding Toyoda 2000 Airjet Looms. Introduction of the path breaking RF-2000 finish in the 2000 country 2002 Launched MISTAIR premium suitings Further expanded weaving capacity by introducing Picanol 2003 Rapier Looms at Silvassa. Today

10

Management Profile
The Siyaram board brings together a dynamic team of professionals who provide direction to Siyarams' executive management in a dynamic economic and business

environment. The board consists of all active founders, along with external members of the board who are high achievers in business and society. Promoter Directors Shri. Dharaprasad Poddar Shri. Ramesh Poddar Shri. Arvind Poddar Shri. Shrikishan Poddar Shri. Pawan Poddar Smt. Vijaylaxmi Poddar Shri. Ashok Mahansaria Independent Directors Shri. B.L. Sarda Shri. K.P. Gupte Shri. Pramod Jalan Prof. (Dr.) M.D. Teli

Market
The growth of the Indian textile industry right from the
11

1970s has been adversely affected by the quota regime, lack of industry-friendly government policies and technological obsolescence. Yet, the industry thrived because of the assured business under the quota system.

The Multi Fibre Arrangement (MFA) that came to an end on January 1, 2005 has opened up a plethora of opportunities for the Indian textile industry.

To meet the challenges of the post-MFA setup, the Government of India (GoI) established an industry reforms process, which aimed to remove the handicaps arising from small-scale reservation and cumbersome procedures associated with the tax regime in India.

Vision 2010, a plan which was the result of interaction between the government and the industry, has envisaged growth in the textile industry from US$ 36 billion (Rs 1609 billion) in 2003-04 to US$ 85 billion (Rs 3697 billion) by

12

2010, giving an annual growth target of 11-12 percent. Vision 2010 also proposes the creation of an additional 12 million jobs.

The Indian textile industry has the advantages of high operational efficiencies in spinning and weaving, low-cost skilled labour, availability of raw materials and design capabilities.

Siyaram's Share
The Net Turnover and Other Income of Siyaram Silk Mills Ltd. (SSML) for the year ended 31st March, 2005 is at Rs.306.81 Cr as compared to Rs. 287.63 Cr last year. Correspondingly, the Gross Profit is Rs. 22.79 Cr as compared to Rs. 21.12 Cr in the previous year and the Profit

13

after depreciation, current and deferred tax is placed at Rs. 8.44 Cr as against Rs. 7.72 Cr in the previous year. We have been able to marginally improve the operations and maintain the profitability. The Company's operations at Murbad and Masat continue to remain suspended. The consistent growth in the Indian economy on all fronts has resulted into an increasing segment of demanding & choosy buyers with an appetite for quality products at the right value. During the year, we have introduced various new products with good feel and comfort, as well as newer finishes, which have been well appreciated well by the retail purchasers.

Future Expansion
During the year 04-05, we have installed 20 Dornier Rapier Looms at its Tarapur weaving plant and 8 Picanol Rapier Looms at the Silvassa weaving plant.

We have also commissioned a new yam dyeing unit at Tarapur having a dyeing capacity of 2700 tons per annum

14

along with twisting and doubling facility, with state of the art machines. The unit has commenced production activities on 7th September, 2004.

SSML has also expanded its garment stitching capacity at Daman to 12 lacs pieces per annum. All the machines are of latest technology to manufacture quality ready-made garments of latest fashion to meet the global requirements.

The total cost of all the above expansion projects were Rs. 24 Cr, which has been financed byway of term loans from Banks and internal accruals of the Company.

SSML is gearing up to tap the full potential arising from abolition of import quotas in the Western World, which would result into the Indian exports increasing substantially.

We are also expanding our R & D Centre, to enable it to develop new Designs & Products on a massive scale along

15

with having taken steps to set up a modern weaving plant at Tarapur exclusively for 'Home Furnishings' i.e., Upholstery, Curtains, Bed Sheets and Top of the Bed Products.

GROUP COMPANY Balkrishna Industries


Balkrishna Industires is a proud product of the Siyaram Poddar Group. A well-diversified Indian industrial force, thanks to its successful ventures in textiles, garments, rubber products and tyres, the group has a turnover of over US $250 million. We have businesses in Tyres, Paper and Synthetics.This

16

group is most renowned as a manufacturer of pneumatic tyres. The areas of specialisation are: Tyres for Agricultural applications Tyres for Industrial and Construction applications Tyres for Utility and Recreation vehicles (ATVs) Tyres for Lawn and Garden applications Tyres for Earth Moving applications

Govind Rubber
Govind Rubber Limited is a part of the SIYARAM PODDAR GROUP(SPG). The group is engagged in the business of diverse products like Tires,Textiles and Paper products. GRL Tire range in "INTERNATIONAL" brand is reconed for high degree quality consistency.It has earned customer confidence and goodwill in international and domestic markets with prestigious OEM's and in replacement markets,worldwide.The development of new sizes,profiles and special types of Tires is an ongoing in-house activity.

17

The research and development department has its own fully equipped laboratory for conducting checks and controls where stingent tests are conducted and findings can be traced for each batch. GRL's mission is to achieve Industry Leader status in special niche markets by continuously improving on its tires through its fully developed Research and Development Labs, while recognising the requirements in consonance with its customers. The Motto of GRL is to Extend Tire Life,Reduce Down Time,Improve Performance and Safety and thereby reduce the consumers operating cost i.e. "more miles from smiles"TM GRL was founded by late Mr.M.P.Poddar a true visionary who believed in globalization of operations, with reliability of quality, service and on time delivery keeping a constant eye on Research and Development as being the cornerstones of

18

achieving success. As a result GOVIND RUBBER LIMITED has made exclusive and strategic agreements/arrangements in the USA,Europe,Middle East & Far East to cater to its wide customer base. Please browse through the website to know about this company in greater detail. http://www.govindrubber.com

BRANDS
Siyaram's is home to some of the country's leading textile brands. Each of our brands caters to the taste and style of highly evolved customer today.

Siyaram's is one of our most prestigious brands, and has


been leading the fashion revolution for over two decades. MiSTAiR has a refreshingly new range of fashion fabrics in speciality weaves, finishes and textures, created specially for the new generation. J.Hampstead one of India's most premium brands
19

showcases range of wool and woolen blends for those who seek high quality fabrics. Oxemberg is a readymade line of shirts in cottons, rayons, poly-blends, terrycots and woolen blends. Miniature is Siyaram's offering to enable customers to enjoy hasslefree shopping through its pre-cut trouser and shirt lengths, individually packaged in see-through packaging. Featherz is the world's first "All in One" fabric. It is soft on the skin and easy to maintain. Featherz has the comfort of cotton, the fall of wool and the lustre of silk. It also offers

advanced suppleness and superior crease recovery.

20

Siyaram's
Siyaram's is home to some of the country's leading textile brands. Each of our brands caters to the taste and style of the highly evolved customer of today. Siyaram's is one of our most premium brands, and has been leading the fashion revolution for over two decades.

21

22

23

24

25

26

27

28

Mistair
MiSTAiR is the first of its kind introduction to the textile industry in India. This is the fabric that took the textile world by storm and re-affirmed Siyaram's status as the leading producer of state of the art fabric. MiSTAiR is the fabric that breathes... a characteristic that is woven into it through a unique fabric massage technology using a special mix of air and mist. The finish is so distinctive that it allows the air to flow through it, ensuring enhanced porosity that allows it to breathe easily. MiSTAiR offers a highly versatile range that is ideal for suits, trousers, safaris, sherwanis, jodhpuris, etc. The premium range of MiSTAiR has many special collections including

29

Special Wedding Collection Cool Cottons Wrinkle Free Sweat absorbent Lycra Pure Whites Urban Blacks Microfine and many more that are very attractive and suitable for all occasions and seasons.

30

Hampstead
J.Hampstead is an international worsted fabric brand brought into India by Siyarams in 1995. With a rich heritage and strong base in England & Italy, J.Hampstead was welcomed with open arms

by the Indian consumers who gave them an International fabric near their doorstep and also was much more affordable than any other player in the woolen segment. Rich in texture, J.Hampstead is made from the finest natural fibres like high quality cashmere, kid mohair and rich merino wool. This has been woven together and processed by some of the best machinery available in the world. Luxury has a price to pay and with the policy of giving the international products at Indian prices, J.Hampstead has been steadily growing on the popularity charts and is now available in over 2000 authorized counters across the country. Marketing such a lifestyle driven brand is getting easier in the country as we witness a raising awareness of international brands and the willingness of the Indian consumer to pay for premium products. He is assured of a quality product brought to him by a reputed company and he is satisfied with product performance and durability. With the emphasis being on innovation,

31

J.Hampstead also provides interesting blends, designs and now with its foray into quality chief Value Cotton Shirting fabrics, they are creating a niche in itself. J.Hampstead is one of the most sought after fabrics by anyone looking for the perfect fit, fall & feel. Hugely popular during the wedding season, due to its premium products and rich heritage, it also is an ideal wedding gift aimed at the groom and his immediate family. Class is maintained and new pride acquired with the brides family being viewed as modern and in touch with the current trends. J. Hampstead Theatre List

Oxemberg
Siyaram has launched its own brand of ready-mades in the market under the OXEMBERG brand, which has carried with it the legacy of Siyaram as a premium offering at highly

32

affordable price into the garment industry. The Oxemberg readymades include a range of cottons, rayons, poly-blends, terrycots and woolen blends in plains, stripes, checks, prints and a variety of designer fabric. Current offerings from Oxemberg include Star Range of plain shirts Premium Shirt Range Pure Elegance (Whites) The checkmate range of checks Denims - Shirts and Jeans Premium Trousers Casuals

o o o o o o

Miniature
Siyaram, with the launch of miniature, ushered in the era of international style packaging into the Indian Market. Miniature is tailor made product for the modern era

33

containing conveniently pre-packaged fabric that are ready to stitch. Miniature is the ideal buy be it for personal use or as an exclusive gift. The miniature comes in the variety of:

Suiting - available in cuts of 120-130 ranging from Rs. 220 to Rs. 330 per pack.

Shirting - available in plains, designs, sober checks, stripes and fancy ranges for special occasions.

Duet - A combination of pre-cut, pre-matched shirt and trouser fabric from the Siyaram Design studio.

34

35

Featherz
At Siyaram's, we never stop discovering. Our team of in-house designers constantly innovates futuristic weaves and makes colour forecasting a predictable habit. Our studio keeps pace with international trends to provide our customers with the latest styles and colours. Hence evolved Featherz.

36

37

INFRASTRUCTURE Weaving
iyaram is involved in the manufacture of synthetic yarns and specialized fabrics like Polynosic and Tencel. Equipped with the state-of-the-art weaving machines, Siyaram

ensures that the fabric produced is flawless.

Based in Tarapore, our weaving shed is equipped with over 370 weaving machines. machines performance Our high-tech give and weaving maximum productivity

without affecting the quality. They can weave from coarse as well as fine yarns. They can also weave the most delicate fabrics without any

38

blemishes. With the help of dobby and jacquard weaves, we can design some of the most ornate and intricate patterns into the fabric, keeping at par with the latest fashion trends. Our team of engineers (30 Textile Engineers + 6 Electronic Engineers + 2 Mechanical Engineers) is always present at the shed to ensure that the entire process runs uninterrupted.

After the fabric has been woven it is subjected to a battery of stringent quality checks to make sure that the material which reaches you is nothing short of perfect.

PROCESSING

Siyaram has one of the most modern pro

finishing plants in India. It is equipped w


39

world-class machinery imported from Europe. In fact, it has the distinction of being the only plant which can process various blends like Polyester / Viscose, Polyester / Cotton, Polywool and 100% Polyester, with wide-ranging finishes like mechanical stretch, Teflon coated, stone wash, water and oil repellent, peach skin and specialised fabrics like Polynosic and Tencel. Siyaram's are the pioneers in introducing the revolutionary RF2000 Relaxed Finishing system -with minimal chemical usage and increased reliance on the relaxed tensionless concept at each and every stage, for super feel and
Comfort

Just as you would treat your skin preciously, we treat our fabrics with utmost care and love at every stage of the process. Our fabrics are

40

specially treated in order to enhance their strength and appearance. By treating them to processes like dyeing, bleaching, washing and neutralizing, the fabrics are made even more resilient and supple. As per demand the fabric can be dyed giving it either a solid color or a soft feel look. A lustre can be accomplished by using KD (Key Different) finishing. We are even capable of dyeing Wrinkled Fabric, Polyester, Polysilk and Nylon, as we have Jet Dyeing Machines. Ultra-modern infrastructure and use of sophisticated machinery along with minimal chemical usage enables us to accomplish this in minimum amount of time without any damage to the fabric. The end result -fabric exuberating confidence, spirit and poise to match your attitude.

41

Cutting & Packing


Superior quality is the hallmark of Siyaram's fabrics. Hand-in-hand goes the Packaging Infrastructure at our plants. The well-equipped plants are a hub of activity,

42

performing quality checks at crucial points of packaging, thus, ensuring that the entire package matches the customers' demands and expectations.

Garmenting
Infrastructure Siyaram is one of the pioneers in the Indian fashion industry and after over 25 years in the industry, we are still amongst the top companies.

Siyaram has a wide range of garments-Suitings, shirtings, trousers and more. Only the finest of the fabrics are selected to make the garments. The garments are made keeping in

43

mind the current fads and trends and the comfort of the customer.

Ddesign studio (r & d)


Equipped with high end Filler sample looms for yardage with 5 single end warping machines (1 Suzuler + 2 Hergat + 2 Karl Mayer) our design studio is easily amongst the best in the entire industry. Our 12 highly qualified

designers work in our fully computerized design to come up with trend-setting apparel.

44

All our fabrics are conceptualized and designed in this very studio. Our team of highly skilled and talented designers work together to come up with brilliant eye catching, trend

setting designs setting ablaze the fashion industry all around the world. This has earned Siyaram's the title of "The fastest innovators" in India. With the help of advanced colormatching computers that capture even the slightest of shade variances we make sure we generate the same high quality fabric every time.

They are not just dedicated to creating designs but also to creating new fabrics and materials. Supplied with unlimited resources, the R&D team comes up with some groundbreaking materials-ranging from water & fire resistant fabrics to cloth that lets your skin breathe. We at Siyaram's believe in making your life better, one

45

thread at a time.

KEY FINANCIAL DATA


This section highlights the key financial data from the Profit and Loss Account. You can view

Balance Sheet

46

Balance Sheet

------------------- in Rs. Cr. Mar-01

------------------Mar-05 Mar-04 Mar-03 Mar-02 Sources Of Funds Total Share 6.25 6.25 6.25 6.25 Capital Equity Share 6.25 6.25 6.25 6.25 Capital Preference 0 0 0 0 Share Capital Reserves 99.31 93.71 89.18 83.9 Revaluation 0 0 0 Reserves Networth 105.56 99.96 95.43 90.15 Secured 77.25 85.04 93.81 101.21 Loans Unsecured 46.74 32.97 26.03 33.19 Loans Total Debt 123.99 118.01 119.84 134.4 Total 229.55 217.97 215.27 224.55 Liabilities Mar-05 Mar-04 Application Of Funds Gross Block 197.04 177.84 Less: Accum. 75.1 79.55 Depreciation Net Block 121.94 98.29

6.25 6.25 0 80.59 0 86.84 87.18 35.93 123.11 209.95

Mar-03 Mar-02 Mar-01 164.21 148.14 145.65 71.14 93.07 66.3 81.84 57.75 87.9
47

Capital Work 1.19 in Progress Investments 0.14 Inventories 64.15 Sundry 67.69 Debtors Cash and 0.79 Bank Balance Total Current 132.63 Assets Loans and 14.13 Advances Total CA, Loans & Advances Deffered 0 Credit Fixed 17.23 Deposits Current 35.07 Liabilities Provisions Total CL & 5.41 40.48 33.68 2.31 35.99 31.01 5.9 36.91 27.31 5.87 33.18 25.17 6.84 32.01 16.64 9.32 7.05 11.58 0.1 0 0 0 5.48 0.14 63.37 70.01 1.92 135.3 14.75 0.62 0.07 61.05 84.77 1.37 12.21 0.11 68.53 81.67 0.97 0 0.16 62.14 80.8 0.72

147.19 151.17 143.66 11.23 12.4 10.24

146.76 150.05 158.42 163.57 153.9

Provisions Net Current 106.28 114.06 121.51 130.39 121.89

48

Assets Miscellaneous 0 0 0 0 0 Expenses Total Assets 229.55 217.97 215.27 224.55 209.95 Contingent 2.64 Liabilities Book Value 168.9 3.28 3.26 2.62 2.99 159.94 152.69 144.24 138.94

Profit and Loss Statement

49

Profit and ------------------- in Rs. Cr. Loss ------------------Account Mar-05 Mar-04 Mar-03 Mar-02 Mar-01 Income Sales 339.31 317.7 Turnover Excise Duty 5.9 Net Sales 333.41 Other Income 4.71 Stock 1.56 Adjustments Total 339.68 Income 324.22 326.61 354.47 21.81 9.31 2.02 295.89 314.91 310.62 352.45 5.54 5.06 4.25 2.96 3.61 -8.71 4.52 17.76

305.04 311.26 319.39 373.17

Expenditure
Raw Materials 153.4 Power & Fuel 5.45 Cost Employee 10.23 Cost Other Manufacturing 59.54 Expenses Selling and 78.34 133.77 132.84 138.16 182.47 6.95 8.89 6.69 8.66 6.54 7.6 7.11 6.71

54.04 73.74

50.04 83.01

50.8 85.54

63.39 78.01

50

Admin Expenses Miscellaneous 3.57 Expenses Preoperative Exp Capitalised Total 310.53 280.79 286.53 291.86 341.29 Expenses Mar-05 Mar-04 Mar-03 Mar-02 Mar-01 Operating 24.44 Profit PBDIT Interest PBDT Depreciation Profit Before Tax Extraordinary items PBT (Post Extra-ord Items) Tax 10.62 2.83 11.2 3.61 10.14 3.92 9.47 3.74 16.33 1.2
51

3.4

5.29

3.22

3.6

18.71 24.25 3.13 21.12 10.04 11.08

19.67 24.73 3.94 20.79 9.85 10.94

23.28 27.53 7.45 20.08 9.42 10.66

28.92 31.88 7.07 24.81 8.43 16.38

29.15 6.35 22.8 11.85 10.95

0.33

-0.12

0.8

1.19

0.05

Net Profit Total Value

8.12

7.47

7.02

6.92

15.18

157.13 147.02 153.69 153.7 Addition Preference 0 Dividend Equity 2.5 Dividend Corporate 0.35 0.32 0.29 0 2.5 2.25 2.25 0 0 0

158.82 0 1.86 0.19

Dividend Tax Per share data (annualised) Shares in 62.5 62.5 issue (lakhs) Earning Per 12.43 11.44 Share (Rs) Equity 40 40 Dividend (%) Book Value 168.9 159.94

62.5 10.77 36

62.5 11.07 36

62.5 23.98 35

152.69 144.24 138.94

Cash Flow

52

Cash Flow Statement for the year ended 31st March 2005 ------------------- in Rs. Cr. ------------------For the year For the year A. NET PROFIT BEFORE ended 31st ended 31st

TAX AND EXCEPTIONAL March, 2005 March, 2004 ITEMS ADJUSTMENTS FOR : Depreciation Interest etc. (Net) Income from Long Term Investments Income from Current 0 Investments Fixed Assets - Loss on 0 Sale/Write off (net) Loss on Sale of Current 0 Investments - Net Unrealised (Gain)/Loss on 0 Exchange (Net) Write off of Long Term 0 Investment Liability no longer 0 required written back 0 0 OPERATING PROFIT BEFORE WORKING CAPITAL
53

0 0 0

0 0 0 0 0 0 0 0 0

REPORTS
Please click on the report you wish to view :

Quarterly Results
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2004 View View View View 2005 View View View View

Distribution Schedule
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2004 View View View View 2005 View View View View

Investor's Handbook
Please click on a link to view relevant information R & T Agents For transfer of shares, payment of dividend on shares, interest and redemption of debentures, and any other query relating to the shares and debentures of the Company,
54

please contact our Registrar and Transfer Agents at M/s Tata Share Registry Limited, Army and Navy Building, 148 M.G. Road, Fort, Mumbai - 400 001. Tel No. +91.22.56568484 Fax No. +91.22.56568494 E-Mail. csg-unit@tatashare.com This email address is being

protected from spam bots, you need Javascript enabled to view it Our R & T agents also serve the purpose of Investor Service Centers at various locations across the country. Following are the addresses of these locations. M/s Tata Share Registry Limited, 503 Barton Centre, 5th Floor 84, M G Road Bangalore - 560 001
55

Tel : 91-080- 25320321 Fax : 91-080-25580019 E-Mail : tsrlbang@bgl.vsnl.net.in This email address is being

protected from spam bots, you need Javascript enabled to view it

M/s Tata Share Registry Limited, Tata Centre, 1st Floor, 43, Jawaharlal Nehru Road Kolkata - 700 071 Tel : 91-033-2288-3062 Fax : 91-033-2288-3087 E-Mail : tsrlcal@cal2.vsnl.net.in This email address is being

protected from spam bots, you need Javascript enabled to view it

56

M/s Tata Share Registry Limited, Bungalow No. 1, 'E' Road Northern Town, Bistupur Jamshedpur - 831 001 Tel : 91-0657-242-6616 Fax : 91-0657-242-6937 E-Mail : tsrljsr@sify.com This email address is being

protected from spam bots, you need Javascript enabled to view it

M/s Tata Share Registry Limited, Plot No 2/42, Sant Vihar, Ansari Road, Daryaganj New Delhi - 110 002 Tel : 91-011-2327-1805 Fax : 91-011-2327-1802 E-Mail : tsrldel@giasdl01.vsnl.net.in This email address is being

protected from spam bots, you need Javascript enabled to

57

view it

Shah Consultancy Services Pvt. Ltd Agents : M/s Tata Share Registry Limited, 3 Sumatinath Complex, Pritamnagar 2nd Dhal, Ellisbridge Ahmedabad - 380 006 Telefax : 91-079-26576038

Investor Contact
Investor Correspondence - For transfer / dematerilisation of shares, payment of dividend on shares, interest and redemption of debentures, and any other query relating to the shares and debentures of the Company. (i) For Securities held in Physical form M/S Tata Share Registry Limited, Army and Navy Building, 148 M.G. Road, Fort, Mumbai - 400 001

58

Tel No. +91 22 56568484 Fax No. +91 22 56568494 (ii) For Securities held in Demat form To the Depository Participant (iii) Any query on Annual Report Secretarial Department Siyaram Silk Mills Limited, Trade world - B Wing, 5th Floor, Kamala Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013. (iv) For institutional investors / analysts queries contact: investor_relations@siyaram.com This email address is

being protected from spam bots, you need Javascript enabled to view it

PRESS RELEASES
59

ARTICLE INDEX Press Releases Featherz launched Plans to enter Home Furnishing Readymade for Success Siyaram launches Body Care Campaign with Boom Boom Becker Distinctive, imaginative and innovative. Siyarams has uniquely defined its brand canvas. A romantic connect that recognizes international trends while being rooted in Indian values. The Siyarams mantra Come Home to Siyarams captures this very spirit. The Siyarams 2002 campaign was born to redefine Siyarams leading role in todays context. BodyCare Fabric an innovation that offers energy and freshness tangibly to the look good feel good generation.

60

CONCLUSION
For any organization four Ms are very important i.e. M for money that can be borrowed from outside whenever there is shortage, M for material that can be bought and store for future, M for machine that can be bought or can be hired, Fourth m for men that cannot be bought, or hired until and unless he does not want, cannot be stored for future. Men, human resource is the most important resource of the organization because either company is sales oriented or production, whatever job is that is by man. So, Human resource is the most important resource for the organization. Thats why The management of Man Keep the morale high is a very important job. Recruitment and selection of suitable employees for a job is a process of analyzing the qualitative and quantitative aspects of an employee. Qualitative is about what are the personal traits of the person, his strengths and weaknesses and Quantitative is his technical aspect of the assignment, how he has performed and achievements of set targets. This analysis helps to view the employee in abroad prospective and an employer also comes to know more about the

61

employees. In order to get the optimum out of the employee, recruitment and selection gives a direction to the employer for the inputs to be given to the employees and hence organization training courses to motivate them to do better work.

BIBLIOGRAPHY

Websites:
www.siyaram.com

News Paper Economic Times Magazine Business world

Reference Mr. Dharmender Kundu (Lecturer in I.B. College) Mr. Vijay Kumar (Project Designer)

62