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Hansaflon Plasto Chem Directors Report, Hansaflon Plast Reports by Directors
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Hansaflon Plasto Chem
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Hansaflon Plasto Chem is not traded in the last 30 days
Hansaflon Plasto Chem is not listed on NSE
Directors Report Year End : Mar '11    Mar 07
The Directors have the pleasure in presenting the Twentieth Annual
 Report and that of the Auditors together with the audited Balance Sheet
 as at 31st March 2011 and the Profit and Loss account for the year
 ended on that date.
 
 FINANCIAL RESULTS                                    Rs. IN LACS
 
 Particular                          Year Ended        Year Ended
                                     31.3.2011         31.3.2010
 
 1.   Sales/Income from Operation     106.39             259.36
      and Other Income
 
 2.   Total Expenditure               435.66             398.34
 
 3.   Tax                              00.00              00.00
 
 4.   Net Profit                      (32.92)           (128.36)
 
 
 COURSE OF BUSINESS AND OUTLOOK
 
 During the year progress has continued in the company''s performance.
 Your company had achieved a turnover of Rs. 106.09 lakhs The board of
 directors have planned for further expansion for the current year which
 will increase the turnover of the company substantially and in turn
 will improve profitability of the company as well.
 
 However there are great challenges ahead not only for your company but
 for the industry as a whole. With the continued confidence of all our
 associates, we will aggressively meet those challenges with renewed
 faith in our company and the future that we all share.
 
 FIXED DEPOSIT
 
 The Company has not accepted any fixed deposit during the year.
 
 DIRECTORS
 
 Mr. Sushant Gupta Director of the Company retires at ensuing Annual
 General Meeting and being eligible, offer himself for re-appointment.
 The Board recommends her appointment.
 
 AUDITORS
 
 M/s. Naresh J Gupta & co., statutory Auditors of the company retire at
 the conclusion of the ensuing Annual General Meeting and are being
 eligible for re-appointment. Accordingly a resolution is being
 submitted to the members for their re-appointment and to fix their
 remuneration for the current year. The Board recommends their
 re-appointment.
 
 STATUTORY DISCLOSURES
 
 Foreign Exchange earning and outgo: The total foreign exchange outgo
 during the year was Rs. Nil towards the import of raw materials,
 components and traveling. During the year the foreign exchange earning
 was nil.
 
 DIRECTORS RESPONSIBILITY STATEMENT
 
 Directors hereby declare
 
 1.  that in the preparation of the annual accounts, the applicable
 accounting standards have been followed along with proper explanation
 relating to material departures.
 
 2.  that the directors have selected such accounting policies and
 applied them consistently and made judgments and estimates that are
 reasonable and prudent so as to give a true and fair view of the state
 of affairs of the Company at the end of the financial year and of the
 profit or loss of the Company for that period.
 
 3.  that the directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with
 provisions of this Act for safeguarding the assets of the Company and
 for preventing and detecting fraud and other irregularities subject to
 the inherent limitations that should be recognized in weighing the
 assurance;
 
 4.  The directors have prepared the annual accounts on a going concern
 basis.
 
 EMPLOYEE RELATIONS
 
 Employee relations throughout the company were harmonious. The board
 wishes to place on record its sincere appreciation of the devoted
 efforts of all employees in advancing the company''s vision and strategy
 to deliver another record performance.
 
 Pursuant to clause 49 of the listing agreement, a report of compliance
 of corporate governance as on 31.03.011 duly certified by the auditors
 of the company is annexed (Annexure-B)
 
 AUDIT COMMITTEE
 
 The audit committee shall meet at least thrice a year. One meeting
 shall be held before finalization of annual accounts and one every six
 months.  LISTING OF EQUITY SHARES
 
 Shares of your Company are listed on the Mumbai Stock Exchange.
 
 ACKNOWLEDGEMENT
 
 Your Directors would like to express their grateful appreciation for
 the support and co-operation of all the shareholders. On behalf of all
 the company''s stakeholders who benefit from the hard work of the
 employees and continued assistance received from various state and
 central government authorities, financial institutions and banks.
 
                            On behalf of the Board of Directors
 
                               Sd/-              Sd/-
 
 Place: New Delhi           ANITA GUPTA       HEMANT GUPTA
                            (DIRECTOR)
 
 Date:15.07.11                               (DIRECTOR)
Source : Dion Global Solutions Limited
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