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RRIL Ltd.

BSE Live

Jan 24, 15:20
13.75 -0.95 (-6.46%)
Volume
AVERAGE VOLUME
5-Day
23,466
10-Day
60,670
30-Day
75,816
42,969
  • Prev. Close

    14.70

  • Open Price

    14.50

  • Bid Price (Qty.)

    13.50 (222)

  • Offer Price (Qty.)

    13.75 (125)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

RRIL is not listed on NSE

Annual Report

For Year :
2016 2015 2014 2013 2012 2011 2010 2009 2008

Director’s Report

ANNUAL REPORT 2005-2006 DIRECTOR'S REPORT Ladies and Gentleman, Your Directors have pleasure in presenting the fifteenth Annual Report of the Company for the year 2005-2006. OPERATIONAL RESULTS: 2005-2006 2004-2005 (Rs. in Lakhs) Profit/(Loss) (36.00) (77.99) Depreciation 10.37 10.37 Net Loss (46.37) (88.36) PRESENT SCENARIO: During the last financial year Company could not achieve much due to lack of Bank facilities and low turn over. Sales has reduced to such a low level operation of the Co has to be stopped. The accumulated loss has been calculated as more than the capital and the Co has become fully sick. The salary dues of the employees and their PF and ESI dues are to be settled. PF and ESI authorities have already initiated action for attachment of the Co's properties. After great effort Bankers have agreed for an One Time Settelment by paying an amount of Rs.36 lakhs Company is making efforts to raise this amount by disposing the landed properties pledged with Bank itself. Tiic has also stepped up efforts to recover their dues. They have also indicated their willingness to settle the dues under OTS. As the co is facing acute financial problems there is no other go but to continue the closure of the Co which is in force from 01.04.06. FUTURE PROSPECTS: In order to survive there should be demand for the products of the Company. This fully depends upon creating market for our products. As the huge losses incurred are hindering the plans, Company is trying to find a way our to raise more funds. DIRECTORS: Shri. Vasanth Bhadra who retires on rotation as director has offered himself for reappointment. AUDITOR'S: Shri S.Ganesh, Chartered Accountant, D.No.27, New Damu Nagar, P.N.Palayam, Coimbatore. The retiring Auditor has indicated his willingness to continue and the availability for appointment as Auditor and necessary proposal for his re-appointment is made. DEPOSITS: The Company has not accepted any deposit from Public. EMPLOYEES: There is no employee in the Company drawing remuneration that require, declaration under Section 217(2A) of the Companies Act, 1956. CONSERVATION Oh ENERGY: Report are given in Annexures. DIRECTORS RESPONSIBILITY STATEMENT: Your Directors in terms of Section 217(2AA) of the Companies Act, 1956 confirm that: 1) All applicable accounting standards have been followed in the preparation of the annual accounts. 2) Your Directors have selected such accounting policies and applied them consistently and made judgements at estimates that are reasonable and prudent so as to give a true and fair view of the statement of affairs of the Company as of 31.03.2006 and of the loss of the Company for the year ended on 31.03.2006. 3) Proper and sufficient care has been taken for the maintenance of adequate accounting records in the accordance with the provision of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. 4) The annual accounts have been prepared on a going concern basis as stated in of notes on accounts. CORPORATE GOVERNANCE: The Company has become fully sick. Your board considers compliance with the corporate governance will erode whatever funds are available to be utilized for the sustenance of the Company. ACKNOWLEDGEMENTS: Your Director wish to record their profound gratitude towards the financial Institutions, especially Tamil Nadu Industrial Investment Corporation and The Catholic Syrian Bank Ltd., Singanallur, Coimbatore for the excellent help and co-operation extended by them. Out thanks are also due to our customers who encouraged our products and whose unstinted support is a source of inspiration. We also take this opportunity to assure our shareholders that it will be our endeavour to see that their investments bear fruit at the earliest possible time. In the last, we fully appreciate the valuable services rendered by our staff and workers. By order of the Board For ASSOCIATED TEXTILE RUBBER PRODUCTS LIMITED (Sd/-) Place : Coimbatore T.N.Kutty Date : 02.09.2006 Chairman cum Managing Director ANNEXURE - 1 TO THE DIRECTORS REPORT Information Pursuant to Section 217(1)(e) of the Companies Act, 1956 A. CONSERVATION OF ENERGY: a. Energy conservation measure takes : High tension is converted to I.T. b. Additional Investments and proposels, if any being on implementation for reduction of consumption of energy : Nil c. Impact of the measures at (a) : energy charges reduced minimum and (b) above for reduction of charges payable is reduced energy consumption and consequent impact on the cost of production of goods d) Total energy consumption and : 40777 75959 energy consumption per unit of 0.354 0.316 production as per Form A of the annexure in respect of Industries specified in the schedule there to A. TECHNOLOGY ABSORPTION: e. Effort made in technology : N.A. absorption as per From B of the annexure B. FOREIGN EXCHANGE AND OUTGO : N.A. f. Activities relating to export, : N.A. initiatives taken To increase exports, development of new Export market for Produced and services, and Export plans g. Total foreign exchange used and earned : N.A. FORM A (See Rule7) From of disclosure of particulars with respect to conservation of energy: Current year Previous year 2005-2006 2004-2005 A. POWER AND FUEL CONSUMPTION: 1. Electricity a. Purchase Units 40777 75061 Total amount (Rs.) 194131 352788 Rate/Unit (Rs.) 4.70 b. Own Generation: Through diesel generator (Unit) 520 898 Units per litre of diesel oil 10 Units 10 Units Cost/Unit (Rs.) 2.6 2.40 2. Coal 3. Furnace oil 4. Others / Internal generation 13. CONSUMPTION PER PIECE OF APRON & COT PRODUCED Electricity (Units) 0.354 0.515 Furnace Oil Coal Others FORM B (SEE RULE 2): From of disclosures of particulars with respect to absorption: RESEARCH AND DEVELOPMENT' (R & D): 1. Specific areas in which R & D: carried out by the company : Nil 2. Benefits derived as a result of the above R & D : Not Applicable 3. Future plan of action : Nil 4. Expenditure on R & D a. Capital b. Recurring c. Total d. Total R & D expenditure as a percentage of total turnover : Nil TECHNOLOGY ABSORPTION, ADAPTION & INNOVATION: 1. Efforts, in brief, made towards technology absorption and innovation : Nil 2. Benefits derived as a result of the above efforts e.g. product improvement, cost reduction, product development, import substitution etc., : Not Applicable 3. In case of imported technology (imported during the last five years reckoned from the beginning of the financial year) following information may be furnished a. Technology imported b. year of import c. Has technology been fully absorbed? d. If not fully absorbed, areas where this has not taken place, reasons therefore and future plans of action : Not Applicable

Director’s Report