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Paras Petrofils Ltd.

BSE: 521246 | NSE: PARASPETRO | Series: NA | ISIN: INE162C01024 | SECTOR: Textiles - Manmade

BSE Live

Aug 07, 16:00
0.17 0.00 (0.00%)
Volume
No Data Available
500
  • Prev. Close

    0.17

  • Open Price

    0.17

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Paras Petrofils is not traded on BSE in the last 30 days

NSE Live

Jul 17, 15:31
0.10 0.00 (0.00%)
Volume
No Data Available
200
  • Prev. Close

    0.10

  • Open Price

    0.10

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Paras Petrofils is not traded on NSE in the last 30 days

Annual Report

For Year :
2014 2013 2012 2011 2010 2009 2008 2005

Director’s Report

The Directors have pleasure in presenting Fourteenth Annual Report, together with the Audited Accounts of the Company for the year ended 31st March, 2005. FINANCIAL RESULTS 2004-2005 2003-2004 (Rs.in lacs) (Rs.in lacs) Gross Turnover 13162.14 9202.98 Gross Profit before 1116.61 800.00 Interest & Depreciation Less: Interest 412.68 239.76 Less: Depreciation 422.85 296.42 Net Profit for the Year 281.08 263.82 In view of the meagre of the profit Directors are not recommanding any dividend. OPERATIONS The turnover of the company during the year increased by 43 % at Rs.13162.14 lacs as compared to Rs.9202.98 lacs for the corresponding year ended 31.03.2004. However net profit has not grown substantially due to increase in the interest & depreciation. During the year the company has installed 2 MW Natural Gas based Captive Power Plant imported from Austria which reduce the power cost by Rs.2 per unit. The CPP has started from Nov04. BOARD OF DIRECTORS Shri Jivabhai A. Patel, Shri Jaskaran P. Chopra and Shri Pravinchadra Jariwala retire by rotation and being eligible offer themselves for re-appointment. DIRECTORS RESPONSIBILITY STATEMENT Pursuant to Section 217(2AA) of the companies Act, 1956, the Directors confirm that:, 1. In the preparation of the annual accounts, the applicable accounting standards have been followed; 2. Appropriate accounting policies have been selected and applied consistently and judgements and estimates that are reasonable and prudent have been made so as to give true and fair view of the state of affairs at the end of the financial year and of the profit of the company for the financial year ended March 31, 2005. 3. Proper and sufficient care has been taken for the maintenance and adequate accounting records in accordance with the provisions of the Companies Act, .1956, for safe guarding the assets of the company and for preventing and detecting fraud and other irregularity. 4. The annual accounts have been prepared on a going concern basis. FIXED DEPOSIT As on 31st March, 2005 no deposits remained unclaimed after, maturity. PARTICULARS OF EMPLOYEES There was no employee remuneration during the year in excess of limits prescribed u/s 217 (2A) of the Companies Act, 1956. AUDITORS The Companys auditors M/s R. K. G. & Co., Charetered Accountants retires but being eligible offer themselves for re-appointment from the conclusion of this AGM upto the conclusion of next AGM. ENERGY CONSERVATION Particulars required under Section 217 (1)(e) of the Companies Act, 1956 is annexed and forms part of the Directors report. ACKNOWLEDGEMENTS Your Directors wish to express their sincere thanks for the support and co-operation extended by the Government, Dena Bank, State Bank of Indore, State Bank of India, Customers, Suppliers, Dealers and Shareholders for their continued support. The Directors also wish to express their thanks for the services rendered by the Companys employees at all level. For and on behalf of the Board Place : Palsana Jivabhai Patel Date : 22-08-2005 Chairman

Director’s Report