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Kamper Concast
BSE: 531475|NSE: KAMPERCONC|SECTOR: Steel - Medium & Small
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Download Annual Report PDF Format 2010
Directors Report Year End : Mar '14    « Mar 13
Dear Members,
 
 The directors take immense pleasure to present the company''s audited
 accounts for the year ended 31st March, 2014.
 
 FINANCIAL RESULTS
 
 Description               For the year ended on   For the year ended on
                                  31.03.2014              31.03.2013
                                       (Rs.)                   (Rs.)
 
 Profit & Loss Before
 Tax Adjustments             (5,30,31,967.08)               54572.62
 
 Add/ (Less): 
 Tax Adjustments                          -                   -
 
 Profit & Loss After
 Tax Adjustments             (5,30,31,967.08)               54572.62
 
 RESULTS OF THE OPERATIONS
 
 The company has earned a net loss of Rs. 5,30,31,967.08 as against as
 profit of Rs.  54,572.62 in the previous financial year.
 
 PUBLIC DEPOSITS
 
 During the year, the company has not accepted any deposits under
 Section 58A of the Companies Act, 1956.
 
 DIVIDEND & APPRORIATIONS
 
 In view of future need & expansion of business the directors have not
 recommended any dividend for the year under review.
 
 RESEARCH & DEVELOPMENT AND TECHNOLGICAL ABSORPTION
 
 The company has not undertaken any research and development activity in
 any specific area during the year under review, and hence no cost has 
 been incurred towards same.
 
 As the company is not using any imported technology, no information
 regarding technology absorption is to be given.
 
 SAFETY HEALTH & THE ENVIRONMNT
 
 The company''s safety, health and environment policy ensures a firm
 commitment to safety, health and environmental management by making it
 an integral part of the company''s business strategy.
 
 EMPLOYEE RELATIONS
 
 Employee relations throughout the company were harmonious. The board
 wishes to place on record its sincere appreciation for the devoted
 efforts of all employee in advancing the company''s vision and strategy
 to deliver another record performance.
 
 STATUORY DECLARATION
 
 Information as required in section 217 (2A) of Companies Act regarding
 particular employees is not given as no employee is drawing
 remuneration in excess of limit mentioned in the section. 
 
 DIRECTORS
 
 In accordance with provision of companies Act, 1956, Sri Mohit Gupta,
 Director of the company retire by rotation at the annual general
 meeting and being eligible, offers himself for appointment.
 
 STATUTORY DISCLOSURES OF PARTICULARS.
 
 A.  CONSERVATION OF ENERGY TECHNOLOGY & ABSORPTION.
 
 The Company has embarked on a journey to make its operations energy
 efficient.  Continued efforts were applied throughout the company to
 effect improvement to production process resulting in reducing the
 consumption of electricity. Practices such as daily monitoring and
 analysis of the units consumed by the company has lead to reduction in
 energy consumption.
 
 A statement regarding particulars of conservation of energy is
 presented as under:-
 
 For the year 2013-14
 
 Power & Fuel consumption :
 
 Electricity (Purchased)
 Unit (KWH)                                            32858600
 
 Total Amount (Rs. In Lacs)                             154.32
 
 Average Rate per unit                                   4.70
 
 B ABSORPTION OF TECHNOLOGY
 
 The Company is committed to ''Technological Innovation''.
 
 C. FOREIGN EXCHANGE EARNING AND OUTGO
 
 The company has exposure to foreign earnings.
 
 AUDITORS
 
 The statutory auditor of the company holds office till the conclusion
 of the forthcoming annual general meeting and is eligible for
 re-appointment. The company has received notification from them to the
 effect that their appointment, if made would be within the limit under
 Section 224(1-B) of the Companies Act, 1956.
 
 Accordingly a resolution is being submitted to the members for the
 appointment of M/s Singhania Agrawal & Co. chartered accountant and to
 fix their remuneration for the current year.
 
 AUDITORS REPORT
 
 The observations of the statutory auditors in its report, read with the
 relevant notes to accounts in Schedule 17, are self- explanatory. With
 regard to the qualifications to the Auditors Report, no such
 qualifications were made.
 
 DIRECTORS RESPONSIBILTY STATEMENT
 
 In compliance with section 217 (2AA) of the companies Act 1956, the
 directors report that,
 
 a) In the preparation of the annual accounts the applicable accounting
 standards have been followed along with proper explanation relating to
 material departure.
 
 b) Such accounting policies have been selected and applied consistently
 and made judgment and estimates that are reasonable, prudent and in the
 best interest of the company''s business so as to give true and fair
 view of the state of affairs of the company for the period.
 
 c) The director have taken proper and sufficient care for the
 maintenance of adequate accounting record in accordance with the
 provision of the companies Act, 1956 for safeguarding the assets of the
 company and for preventing and detecting fraud and other
 irregularities.
 
 d) The directors have prepared the annual accounts on a going concern
 basis.
 
 ACKNOWLEDGEMENT
 
 The Board of Directors thanks the Company''s, vendors, bankers and
 business associates for their support and assistance. The Company also
 expresses its gratitude tom the various Government Departments for
 their wide stretched help and co-operation in the successful running of
 the business.
 
 The Board places on record it''s appreciation to all the employees for
 their dedicated service. The Board appreciates and values the
 contributions made by every member and are confident about the
 continuing support will achieve the objectives and emerge stronger in
 the coming years.
 
                             For and on Behalf of the Board of Directors
 Place: Patna 
 Dated: 21st August 2014
 
                                               CHAIRMAN
Source : Dion Global Solutions Limited
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