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J M D Alloys Directors Report, J M D Alloys Reports by Directors
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J M D Alloys

BSE: 531765|SECTOR: Steel - Medium & Small
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Directors Report Year End : Mar '00   
The Directors have the pleasure in presenting the 6th Annual Report
 together with the Audited Statement of Accounts for the year ended on
 31st March, 2000.
 
 Review of operations and financial results
 
 The total income for the year was Rs.84707489.60.  The company earned a
 net loss of Rs.24752297.55 after charging depreciation Rs.8462342.00.
 The directors are hopeful of better results in the forthcoming years.
 
 Board of Directors
 
 There has been no change during the year in the constitution of the
 Board of Directors of the Company.
 
 Particulars of Employees
 
 There is no employee in respect of whom particulars pursuant to Section
 217(2A) of the Companies Act, 1956 are required to be given.
 
 Auditors
 
 M/s. Sunil Banka & Associates, Chartered Accountants retire at the
 conclusion of the ensuing Annual General Meeting of the Company & being
 eligible offer themselves for being re-appointed.
 
 Conservation of Energy, Technology absorption, Foreign Exchange
 earnings and outgo.
 
 a) Conservation of energy
 
 Details of conservation of energy pursuant to Section 217(1) (e) of the
 Companies Act, 1956 read with Companies (Disclosure of particulars in
 the report of Board of Directors) Rules, 1988 are as under :-
 
 i. Power and fuel consumption
 
 (1) Power
 
 Purchased units                    :    6721920.
 
 Total amount                       :    Rs.250.05 Lacs
 
 Average rate/unit                  :    Rs.3.72
 
 Own generation                     :    Nil
 
 (2) Furnace Oil
 
 Consumed units                     :    140860 ltrs.
 
 Total amount                       :    Rs.15.81 Lacs.
 
 ii. Consumption per unit of production
 
 Total production (Ingot division)  :    4370.648 MT.
 
 Production (Rolling mill)          :    4517.297 M.T.
 
 Electricity consumed per MT        :    Inqot Division - 1128 Units
 
                                         Rolling Mill - 397 Units
 
 Furnace oil consumed per MT        :    31.18 ltrs per MT.
 
 
 It is to be noted that priority is continuously being accorded to the
 matter of closely monitoring the consumption of power with the object
 of conservation of energy.  The company is taking reasonable steps to
 achieve this.
 
 b) Technology absorption
 
 No technology has been absorbed or imported by the company.
 
 c) Foreign exchange earnings and outgo
 
 There were no foreign exchange earnings and outgo during the year.
 
 Y2K Compliance
 
 The company has been cognisant of the Y2K issue for quite sometime and
 has planned and taken appropriate and effective steps to address it.
 It has become Y2K compliant in the current financial year.  Besides,
 there are contingency plans to ensure continuity of its operations
 without disruption, in case of any unlikely events.
Source : Dion Global Solutions Limited
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