Mumbai-headquartered Zenith Computers, which has its manufacturing facilities in Goa, is covered in a four-page 'corporate report' in the June 24-July 7, 2002 issue of Business India.
Some interesting points: * From September 2001, it has started assembling PCs at its new plant in Goa. The assembly line of this plant has an installed capacity of over 300,000 units per year and its operations have an ISO 9002 certification... * Counters Raj Saraf: "All PC vendors in the world are assemblers." The same manufacturing plants in Taiwan supply to global vendors as well as to Zenith's assembly plant in Goa. * During the last 25 years, innumerable PC manufacturing companies have appeared attempting to dominate local (Indian) markets, only to crash by the sides a couple of years later (Unicorp, Electronic Systems Punjab Ltd, ET&T, Nelco, DCM Data Products, PCL, ORG Systems, Hinditron, Cal Systems, Crompton and Greaves among those mentioned...) But Raj Saraf and his Mumai-based Zenith Computers have survived the loast two decades and appear determined to pull along. * But the going has been tough, especially the last 18 months, and the fundamentals of his Rs 250-crore company are now under stress. The next two years are going to be crucial for him. * Saraf is however not unduly perturbed by what lies ahead. "We are the only domestic PC company other than Wipro that has not suffered a financial loss till now," he says.... * Saraf has slashed margins to the barebone to compete with not just the multinationals, where price points were always higher, but also the assembler community on price points unheard of till now. And because of that, profits have fallen dramatically by more than 50 per cent for the year ended March 2001 and expected to be no better for the year ended March 2002 (still unannounced).... See full details in Business India. =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-W-E-B---S-I-T-E-=-=-= To Subscribe/Unsubscribe from GoaNet | http://www.goacom.com/goanet =================================================================== For (un)subscribing or for help, Contact: [EMAIL PROTECTED] Dont want so many e=mails? Join GoaNet-Digest instead ! =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= Help support non-commercial projects in Goa by advertizing!! * * * * Your ad here !!
