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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

The Directors present their 12th Annual Report together with the Audited Accounts for the year ended 31st March, 2007. 1. FINANCIAL RESULTS YEAR ENDED 31-03-2007 31-03-2006 SALES/INCOME 129.13 127.82 PROFIT / (LOSS) BEFORE INTT. & PEP. 4.63 (0.88) INTEREST PROVISION FOR DEPRECIATION0. 12 0.16 NET PROFIT/(LOSS) 4.51 (1.04) 2. DIVIDEND In view of insufficient profit, your directors do not recommended any dividend for the year ended 31st March 2007. 3. OPERATIONS . During the year the company continued its cultivation activities and substantial outcome has achieved by the company. Directors are that this activity will further be expanded and gain profit in future. 4. DIRECTORS a. In accordance with the provision of the Companies Act, 1956, and the Companys Articles of Association, Shri Ravi Pokharma & Shri Laxmi Narayan 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. 5. 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 year ended on 31st March 2007, the applicable accounting standard 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 ot 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; iv. That the Directors have prepared the accounts for the financial year ended 31stMarch 2007 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 an 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-19 Leases Agreement. 6. CORPORATE GOVERNANCE As a listed company on Mumbai, Indore Ahmedabad & Jaipur Stock Exchanges, the company has complied in all material respects with the features of corporate governance as specified in the Listing Agreement 7. AUDITORS Directors recommended the appointment of M/s Madi...rcsh Gupta & Co., Chartered Accountants, Raipur who hold office as audi of the company upti the conclusion of at the ensuing Annual General Meeting are eligible for re- appointment. 8. 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 inomh 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 apiix 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 DATED : 15-06-2007 MANSOOR AHMED DIRECTOR

Director’s Report