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Hindustan Foods Ltd.

BSE: 519126 | NSE: HNDFDS |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE254N01018 | SECTOR: Food Processing

BSE Live

Jan 25, 16:00
2062.35 97.25 (4.95%)
Volume
AVERAGE VOLUME
5-Day
3,113
10-Day
3,683
30-Day
1,831
1,875
  • Prev. Close

    1965.10

  • Open Price

    1961.15

  • Bid Price (Qty.)

    2050.00 (36)

  • Offer Price (Qty.)

    2076.25 (1)

NSE Live

Jan 25, 15:59
2059.25 99.30 (5.07%)
Volume
AVERAGE VOLUME
5-Day
16,703
10-Day
30,393
30-Day
13,249
9,397
  • Prev. Close

    1959.95

  • Open Price

    1960.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    2059.25 (3)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Director’s Report

Your Directors have pleasure in presenting their Twenty-First Annual Report and the Audited statements of accounts of the Company tor the year ended 31st March, 2006. OPERATIONS: During the year under review, there has been decline in production tonnage in respect of conversion jobs carried out by the Company tor Heinz India Pvt. Ltd. and Dumex India Pvt. Ltd. FINANCIAL RESULTS : 2005-2006 2004-2005 (Rs. in Lacs) (Rs. in Lacs) Profit for the year before Finance Charges-depreciation: 65.58 76.95 Finance Charges 0.85 1.23 Profit before depreciation 64.73 75.72 Depreciation 26.26 26.70 Carried to Balance Sheet 38.47 49.02 Dividend: In view of accumulated losses, your Director do not recommend any dividend for the year under review. BIFR: The implementation of the Rehabilitation Scheme for the year as approved by the Board lor Industrial and Financial Reconstruction is as per schedule, as prescribed by BIFR. Directors : Mr. Ashok N. Manjrekar was appointed as an Additional Director of the Company holding office upto the date of the Annual General Meeting, and being eligible, offers himself for re-appointment. Mr. N. C. Chaudhuri and Adv. Sudin M. Usgaonkar retire by rotation and are eligible for re-appointment. Directors Responsibility Statement: Pursuant to the requirement under Section 217 (2AA) of the Companies Act, 1956 with respect to Directors Responsibility Statement, it is hereby confirmed: (i) that in the preparation of the annual accounts for the financial year ended 31st March, 2006, the applicable accounting standards had been followed along with proper explanation relating to material departures: (ii) that the directors had selected such accounting policies and applied them consistently and made judgements and estimates that were 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 of the Company for the year under review; (iii) that the directors had taken proper and sufficient care tor the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 tor safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; (iv) that the directors had prepared the accounts lor the financil year ended 31st March, 2006 on a `going concern basis. Particulars of Employees U/s 217 (2A): None of the employees of the Company were in receipt of remuneration exceeding the limit prescribed in the Companies (Particulars of Employees) Rules, 1975 read with section 217 (2A) of the Companies Act, 1956. Particulars of Conservation of Energy etc.: ln terms of Section217(1)(e)of the Companies Act, 1956 (as amended) and the Companies | Disclosure of particulars in the Report of the Board of Directors) Rules, 1988. the additional information, as required, is furnished as Annexure forming part of the Report Auditors : Auditors of the Company M/s. R. Sundararaman & Co., Chartered Accountants, Chennai, retire at the conclusion of the ensuing Annual General meeting and are eligible for re-appointment. Auditors Report: In respect of the observations of the auditors in their report, the relevant financial notes are self-explanatory Corporate Governance : A report on Corporate Governance is set out separately in the Annual Report. Acknowledgements : Your Directors place on record their appreciation of the continuing support by M/s. Heinz India Private Limited and M/s. Dumex India Private Limited for the operation of the Company during the year under review. Your Directors also place on record their deep appreciation for the valuable support and guidance from M/s. V. S. Dempo & Co. Pvt. Ltd., the holding company, Bank of Maharastrtra, the Bankers to the Company. the co-operation and contribution of the Employees of the Company during the year. For and on behalf of Board of Directors Shrinivas V. Dempo Chairman Place: Panaji Date : 28th June, 2006

Director’s Report