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Natura Hue Chem Ltd.

BSE Live

Dec 13, 16:00
0.98 0.04 (4.26%)
Volume
AVERAGE VOLUME
5-Day
1,266
10-Day
1,588
30-Day
2,391
451
  • Prev. Close

    0.94

  • Open Price

    0.98

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

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Natura Hue Chem is not listed on NSE

Annual Report

For Year :
2014 2013 2011 2007 2006

Director’s Report

ANNUAL REPORT 2005-2006 DIRECTOR'S REPORT TO THE MEMBERS The Directors present their 11th Annual Report together with the Audited Accounts for the year ended 31st March, 2006. 1. FINANCIAL RESULTS: YEAR ENDED 31-03-2006 31-03-2005 SALES/INCOME 127.82 67.53 PROFIT/(LOSS) BEFORE INTT. & DEP. (0.88) (2.49) INTEREST - - PROVISION FOR DEPRECIATION 0.16 0.23 NET PROFIT/(LOSS) (1.04) (2.72) 2. No amount is proposed to be transferred to Reserves in the Balance Sheet. The loss has been carried over to P&L A/c. 3. DIVIDEND: In view of loss, your directors do not recommended any dividend for the year ended 31st March 2006. 4. OPERATIONS: During the year the company continued its cultivation activities and substantial outcome has achieved by the company. Directors are hopeful that this activity will further be expanded and gain profit in future. 5. DIRECTORS: a. In accordance with the provision of the Companies Act, 1956, and the Company's Articles of Association, Shri Ravi Kamra & Shri Mansoor Ahmed retire by rotation and are eligible for re-appointment. b. Directors declare that none of the directors is disqualified from being appointed as Director of the Company under clause g of sub-section 1 of Section 274 of the Companies Act, 1956. 6. 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 account for the financial year ended on 31st March, 2006, the applicable accounting standards have been followed and there were no material departures. ii. That the Directors have selected such accounting policies and applied them consistently and made judgment 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 or loss of the company for the year under review; iii. That the Directors have taken proper an sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; and iv. That the Directors have prepared the accounts for the financial year ended 31st March, 2006 on a going concern basis. The following accounting standard were not applicable to the company during the year under review due to non occurance of events and transactions covered under the scope of these accounting standards :- AS-14 Accounting for amalgamation. AS-17 Segment Reporting. AS-21 Consolidated Financial Statements. AS-23 Accounting for investments in associates in consolidated financial statements. AS-7 Accounting for construction contract. AS-11 Accounting for the effects of changes in Foreign Exchange Rates. AS-12 Accounting for Government Grants. AS-13 Accounting for investments. AS-19 Leases Agreement. 7. CORPORATE GOVERNANCE: As a listed company on Mumbai, Indore Ahmadabad & Jaipur Stock Exchanges. The company has complied in all material respects with the features of corporate governance as specified in the Listing Agreement. 8. AUDITORS: Directors recommended the appointment of M/s. Madhuresh Gupta & Co., Chartered Accountants, Raipur who hold office as auditors of the company upto the conclusion of at the ensuing Annual General Meeting are eligible for re-appointment. 9. PERSONNEL: There was no employee who was drawing more than Rs.24.00 lacs per annum, if employed through out the year, or Rs.2,00,000/- per month if employed for the part of the year. The required information under sub-section(2A) of section 217 of the companies Act, 1956 read with companies (Particulars of the Employees) rules 1975 as amended is NIL. 10. CONSERVATION OF ENERGY & TECHNICAL ABSORPTION: Since the company is engaged only in cultivation activity the requirements of section 217(i)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in report of Board of Directors) Rules 1988, regarding conservation of energy, technology absorption and foreign exchange earnings and outgo, are not applicable. 11. ACKNOWLEDGEMENT: Your directors wish to place on record their sincere appreciation to the employees of the company and your directors also acknowledge the trust and confidence reposed by you in the company. For and on behalf of the Board PLACE: RAIPUR MANSOOR AHMED DATED: 02-08-2006 DIRECTOR MADHURESH GUPTA & CO.

Director’s Report