Company Information : Western India Shipyard Limited (WISL) is a composite ship & Rig repair facility in the private sector, offering dry docking and wet repair facilities for ship & rig repairs which are industrial services. WISL is strategically located at Mormugao, Goa which is a major Port on the west coast of India and is geographically well positioned and in close proximity to the Port, Airport and Classification Societies like IRS, ABS, LRS, etc. The shipyard has ISO 9001 Quality Certification from BVQI.
Nature of Business: Shiprepairs consists of replacement of aging steel plate, pipes and valves, refurbishment of crew accommodation, repair/replacement/ renovation of deck side equipment, crane and tank covers, navigational equipment like propeller and rudder repairs, hull and tank repairs, surface coatings and rust prevention, air conditioning and communication systems, etc.
Business Performance for FY 2010-2011: The Company repaired 39 vessels upto max. 34000 DWT in FY 2010-11. The Company had secured two major repair order namely, repair of INS SUJATA of the Indian Navy and ABAN III, a deep water Oil Rig of Aban Lloyd Offshore Ltd. the Company achieved a significant milestone with highest ever Shiprepair revenue of Rs.11,366.07 lacs for FY 2010-11 as against Rs.7,651.39 lacs in the previous year, an increase of 48.55%. Your Company made cash profit of Rs.3,908.75 lacs for the year as against Rs.1,833.47 lacs of the previous year, an increase of 113.19%. The net profit after tax for the year is Rs.1,646.34 lacs as compared to Rs.138.07 lacs of the previous year, an increase of 1092%. After prior period adjustments & extraordinary items, the net profit is Rs.1534.48 lacs.
Important Dates:
1) Date,Time and Place of 19th AGM: Friday, 23 September 2011 at 11.00 am At Western India Shipyard ltd Mormugao Harbour ,Mormugao, Goa (INDIA)
2) Date of Closure of Register of members for notice of AGM : 15 September 2011 to 23 September 2011 (both dates inclusive)
3) Date of Publication of Unaudited Financial result
