letter of discontent

Mr. A.L.Mohammed Rameez Raja,

I-PGDM, PSGIM,

COIMBATORE.

29-JULY-2013

Mr. Tulsi Tanti

THE CEO,

SUZLON TECHNOLOGIES,

INDIA.

Subject: Comments on the financial report of 2011-12.

Dear Mr. Tanti,

            Any market situation is indeterminate and rests on the speculative interests of its stakeholders. Investors though hold high regards on the reputation of the organisation they venture to invest. With myself having been associated with your organisation for the past 3 years engaging in extensive share support at every fiscal have arrived with a sense of discontent on your company’s financial returns for the year 2012-13. The Net Sales/Income from operations have dropped drastically from Rs.1,254.43 crore to Rs.493.68 in crore establishing a wave of uncertainty among investors to appeal in the future proposals of the company.

                                      

                           The equity share policy could be considered for revision to encourage capital from investors for future endeavours but definitely through more effective and promising projects. The overall increase in the operational expenditure and the rate of depreciation have been the factors affecting the growth of the organisation, these issues require immediate attention. I think this objective will benefit the growth of the company as well as the requisites of the stakeholders. I look forward towards a continuous association with your organisation and request you to do the needful.      

                                               

Sincerely,

Rameez .

Business Letter

Sriram Ragunath.J

Tirupur

29 July 2013

Mr. Aditya Puri

ISGEC Heavy Engineering Ltd

Dear Mr.Aditya Puri,

           Sub: Financial performance of ISGEC

          It gives me immense pleasure to be a shareholder of ISGEC Heavy Engineering Limited. I have gone through the annual report of the company’s performance. The results of the company satisfied me since the share price has been increased in the BSE. A little of a more effort will be helpful in developing the share of the company, which will flood the company with more players.

 As an investor ranging between 300001-40000, which has upset me since the price value has been decreased in an inconsistent manner, which led to a depreciation of 22 Rs per share. Since the investments made by me is of large volume which literally faced losses. By analysis of the liabilities in the balance sheet , which gave me a sigh of relief .But the profit margin attained by the company is less compared to that of the Q4 profits last year and especially in the month of February the company ‘s work was appreciable. The auditor’s report is transparent, but the tax report is blurring and requires precise information. Since the company is heading towards the profit, I request to increase the dividend, particularly the stock dividend which will encourage the mid-volume share holders to invest bulk.

       I am happy with company’s performance a little more effort is to be put so that it will help boost the company’s capital from the share holder’s side.

                                                                  Thanking You,

                                                                                                                                                                Your’s truly   

                                                                                                                                                                Sriram Ragunath.J