Your Directors have pleasure in presenting the Vth Annual Report
together with the Audited Statement of Accounts for the year ended
31st March 1996.
During the year under review the total sales registered to Rs.134.10
Lakhs compared to Rs.98.74 Lakhs in the previous Year. However the
other income earned by the Company has been to a very low extent i.e.
Rs.1.11 lakhs compared to Rs.116.67 lakhs in the previous year i.e.
The Net Profit after taxation has been reported to Rs.0.99 Lakhs
compared to Rs.55.56 lakhs in 94-95.
Your Company has taken measures to improve the profitability and
workings of the Company and your directors hope that with their level
best efforts they would achieve improved workings of the Company
within the very short future.
In view of the above workings of the Company your Company has skipped
dividend for the financial year 1995-96.
Your company has not accepted any Deposits within the meaning of
section 58 A of the Companies Act 1956 and the Rules made thereunder.
4. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO
The prescribed particulars as required under Section 217 (1) (e) of
the Companies Act, 1956 read with Companies Disclosure of particulars
in report of Board of Directors) Rules, 1988 are set out in the
5. INDUSTRIAL RELATIONS
The relations between the employees and the management have remained
cordial throughout the year.
ANNEXURE TO THE DIRECTOR'S REPORT
Annexure 1 to the Director's Report under 217(1) (e) of the Companies
A. CONSERVATION OF ENERGY
(a) Energy conservation measures taken.
The company has been taking continues steps to conserve the energy
and minimise the energy cost at all levels.
(b) Additional Investments and proposals if any being implemented for
reduction of consumption of energy.
The Company takes wherever necessary steps for investment in energy
(c) Impact of measures (a) & (b) for reduction of energy consumption
and consequent impact on cost of production of goods.
With the above measures taken the company derives quality of power
which results in better and optimum performance.
(d) Total energy consumption per unit of production.
In the prescribed form A as given here below
B. TECHNOLOGY ABSORPTION
The Company keeps itself abreast of technical development and
Innovation carrying efforts are made to eliminate wastage in
B. FOREIGN EXCHANGE & EARNINGS & OUTGO
The foreign Exchange utilized was Rs. NIL and earned was Rs. NIL