UTTAM GALVA STEELS

The visionary in Mr. Rajinder Miglani saw this necessity and pioneered the Company Uttam Galva Steels Limited in 1985. The CR Steel Galvanizing line at Khopoli, near Mumbai has turned into one of the largest producers of CRCA and Galvanized Steel in India. Uttam has crossed several milestones in its journey from a small beginning with 30,000 MT per year of galvanizing capacity in the year 1985 to more than 750,000 MT per year capacity for galvanizing today. It has gone for backward integration to cold rolling of steel and also for down-stream value addition such as colour-coated products etc. With two hundred and fifty acres of land and more than 100 000 sq. meters of covered shed, Uttam Galva Steel plant is tucked between a hillock and a large lake in the beautiful surroundings of Western Region of India, near Kohopoli, which is 100 KMs away from the city of Mumbai, India.The plant has facility of cold rolling HR coils, with a capacity of 1,000, 000 Tons/Year and Galvanizing of 750000 Tons/Year. It does additional value addition of color coating on CR or Galvanized coil. All these facilities are also supported by a service center, which tailor makes the coils to customer requirements by slitting & cutting and by delivering sheets/ coils to customer specifications. Consistency in Quality is the Hallmark of UGSL supplies to its customers. By freezing the process parameters for each grade of steel and taking into consideration end use application of each customer, UGSL ensures that the customer gets the quality what he requires in a consistent manner. In the Domestic markets Uttam supplies to highly quality conscious Auto Sector. Auto Majors like Mahindra & Mahindra both Auto & Tractor divisions, Bajaj Auto, Bajaj Tempo, Piaggio TATA Motors, etc are in our client list. IF Steel, High Strength Steel , Extra Deep Drawn grades are some of the value added products regularly supplied in this segment. Our White Goods Appliance Clientele includes Godrej, Daewoo Anchor etc. wherein

Skin Panels of White Goods like Refrigerators, Washing Machines are supplied in DD, EDD and GP Skin passed steel. Our Colour Coated Steels are also under trials in this segment Uttam's major customers in the Engineering & Electrical segment comprises of Bharat Heavy Electricals (BHEL), Larsen & Turbro, Compoton Greaves, Kirloskar Copeland etc. Medium Carbon Steel, Atmospheric corrosion resistant steel (Corten) Semi- processed electrical steel for Electrical Stampings are sold in this segment.

Uttam's focus today is mainly on export markets and presently exports more than 50% of its prime production to over 142 countries worldwide. Underlining its emphasis on export, Uttam has won the Award for Export Excellence for 13consecutive years from Engineering Export Promotion Council, Ministry of Commerce, Government of India.With first ever exports by UGSL of INR 75 Million (100 MT) in 1996, to one country that is Myanmar in September 1996 Uttam's export crossed the one million tons mark, to over 142 countries that includes developed countries liked USA, Canada, Italy, Belgium, Greece, Germany, France, UK, spain, Australia, Japan, China etc. and developing countries like Africa, S. America and Far East Asian countries. Currently Uttam exports CR Full Hard, Galvanized hard and soft quality. In CRCA over and above the normal D and EDD grades, Uttam also exports Medium Carbon, Semi-processed steel etc. With established name in CR and GP products, today Uttam are ready with Colour coated steel products for the world market. 70% of our finished steel production is being exported. Uttam has always strived to make its products accepted globally. This has led to consistency in quality becoming its hallmark. Some of the achievements over the years are:Capacity to roll a million ton of cold rolled steel. Galvanizing capacity of 7,50,000 tons. Annealing capacity of 1,80, 000 MT of cold rolled close annealed Colour-coating capacity of 90, 000 MT. The Company's turnover crossed over Rs.45097 millions (US $ 876.5 millions) while exports was Rs.23456 millions ( US $ 456 millions) during the financial year 2008- 09. More than 70% of Uttam's products are exported to over 142 Countries worldwide.

products.

The Company is accredited with ISO 9001- 2000 and TS 16949/2002 certification. (All capacities indicate annual production.) Vision. To become worlds favoured flat steel products brand. Mission To consistently provide quality products ensuring consumer delight values INTEGRITY- Honouring all commitments VALUE OF TIME Business at supersonic speed ETHICS- Ethical business practice with all stake holders

In news ,from 2009, Uttam Galva Bags Award for Export Excellence from EEPC For 12th Consecutive Year Witnesses Increase in Production Year on Year, Is the Highest Exporter of Galvanized Steel to the US Uttam Galva Steels Limited has announced that pursuant to an Order made on April 24th 2009, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company will be held on June 6th 2009, for the purpose of considering and if thought fit, approving with or without modifications, the proposed Scheme of Arrangement between Shree Uttam Steel and Power Limited and Uttam Galva Steels Limited. September 2009 On the back of a recent steel price increase Uttam Galva were looking at raising rates by the next quarter, since domestic prices were below global prices. There is room for

equalization and Rs 500 to Rs 1,000 increase is not unreasonable over the next few months, Uttam Galva Steels has reported a phenomenon drop in standalone net profit for the quarter ended December 2009.During the quarter, the profit of the company declined by 96.78% YoY to INR 1.73 million from INR 53.70 million in the same quarter last year. Net sales for the quarter declined by 99.01% YoY to INR 109 million, while total income for the quarter fell by 99.01% YoY to INR 109.21 million, when compared with the prior year period. Hindustan Times reported that Uttam Galva Steels Limited crossed the 3 million tonne mark in the export of value added steel. Mr Ankit Miglani director commercial of UGSL said This assumes greater significance in light of the fact that these exports are not for generic products but for high end products tailor made to a customers specific requirement. Going ahead we will continue to increase our volumes year on year and focus of value addition. UGSL currently exports its products to 142 countries including Australia, France, Germany, Greece, UK and the US. In the domestic market the company supplies various steel products to the automobile, white goods, general engineering and construction industries. The year 2009 seemed to have ended well for the Indian metals industry, which saw quite a number of deals being executed, despite the continued slowdown in the US and Europe. Mr Ankit Miglani director of Uttam Galva said that output will rise to 1 million tonnes in the year ending March 31st 2011 from 800,000 tonnes in the current fiscal year. increase production by 25% in the next financial year to meet domestic demand from carmakers and builders of rural homes. He added that annual sales in India is growing as much as 19%. Mr Miglani said that Rural demand has remained firm over the past several months. From roofs to furniture to cars, the usage of galvanized steel has increased.

 Reuters reported that Uttam Galva Steels Ltd sees room to raise prices by INR 500 to INR 1,000 a tonne as low production and a restriction on imports of hot-rolled coil was putting pressure on prices. Mr Ankit Miglani director commercial of UGSL told Reuters that the secondary steel maker will however wait for bigger players to take the lead. He said that "Honestly, I am waiting for the others to raise. I am not going to take the lead. Mr Miglani said that "The demand has not gone up but there has been capacity shut down. That is what is making it difficult adding the restrictions on the import of hot rolled coil are also putting pressure. TOI reported that with freight rates remaining untouched in the Interim Railway Budget, there have been no direct benefits to India Inc, especially for sectors like steel and iron ore.The report quoted Mr Ankit Miglani director commercial of Uttam Galva Steels as saying that "Development of freight networks is conducive for long term business plans because logistics is an issue in the country, especially for the steel and iron ore sector.''Mr Seshagiri Rao director finance of JSW Steel said that the industry however is disappointed with no rollback of the freight rate hike which was announced last year, especially since fuel costs have come down. He said that "Freight rates coal and coke were increased by 8.5% recently. We were hoping that there would be a rollback, given the current environment where industrial production is lower and volumes are also low. It's going to be a very challenging year.''The Indian Railway moves 68% of coal, 64% of iron ore, 50% of cement and 40% of steel within the country. However, with the recent reduction in diesel prices, railways is expected to lose out to road traffic It is reported that Uttam Galva Steels Ltd has recorded an impressive performance for the quarter ended December 31st 2008. It sales for the quarter increased to INR 1102.50 crore, up by 89% compared to INR 582.69 crore while sales volume increased by 50% as compared to the corresponding quarter of the previous year.Production for December 2008, quarter increased by 38% to 1.59 million from 1.15 million for the same quarter last year. Operating profit for December 2008 quarter increased to INR 76.99 crore as against INR 71.75 crore for the same period last year.Mr Ankit Miglani director commercial

of Uttam Galva Steels Ltd said that The steep downslide in global steel prices has resulted in losses due to high priced inventories which have affected margins. We have liquidated most of such inventory stock in this quarter and the same is reflected in our results. The next quarter should see normalization of margins. Uttam Galva Steels Limited announced that the board of directors of the company at their meeting held on January 31st 2009 has approved the Scheme of Arrangement demerger of power division of the company. As per report the company will demerge the power business from the company into separate entity subject to approval of the stock exchanges, the companys shareholders and creditors / lenders
Organisation structure

Shri Rajinder Miglani

Chairman & Managing Director

Shri Praveen Miglani

Director

Dr. Narayan S Datar

Director

Director

Shri Pandurang G Kakodkar Director

Shri S.P.Talwar
Director

Shri Shirish T. Parikh

Director

Smt. Swarna Prabha

Director (Nominee ofLIC)

Smt. Lalita Sharma

Director (Nominee of IDBI Bank Ltd)

Anuj miglani managing director

Ankit migani director commercial

Ashok kumar mahendru( director sales and marketing) .

Sharat G Tudekar Director works

As a result of dedicated efforts, UGSL has achieved success internationally resulting in it being the recipient of the highest export awards for 13 successive years. By receiving the Maharashtra State Award for Excellence in Exports for the year 2006-2007,UGSL achieved a double distinction.