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Sangal Papers Ltd.

BSE Live

Sep 16, 16:00
105.00 -2.15 (-2.01%)
Volume
AVERAGE VOLUME
5-Day
423
10-Day
784
30-Day
942
2
  • Prev. Close

    107.15

  • Open Price

    112.50

  • Bid Price (Qty.)

    104.75 (75)

  • Offer Price (Qty.)

    112.50 (99)

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.)

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Sangal Papers is not listed on NSE

Annual Report

For Year :
2015 2014 2013 2012 2011 2010 2008 2006

Director’s Report

The Directors have pleasure in submitting the Twenty Sixth Annual Report and audited statement of accounts of the Company for the year ended 31st March, 2006. FINANCIAL RESULTS: The financial results of the operation during the year under review are as under :- PARTICULARS CURRENT YEAR PREVIOUS YEAR Profit before Finance Charges, & Depreciation 25,702,859 37,245,094 Less : Finance Charges, 4,485,017 858,821 Depreciation 6,204,088 10,689,105 6,005,483 14,593,693 Profit for the year; 15,013,754 6,204,088 22,651,401 Add : Prior Period / Exceptional Items - 44,176,884 Less : Paid / provision of tax (1,449,960) - Profit after tax 13,563,794 66,828,285 Add : Reduction in Equity Share Capital - 52,290,400 13,563,794 119,118,685 Add : Balance being Profit(Loss) brought forward from last year 53,066,631 (66,052,054) Balance being Profit(Loss) carried over to 66,630,425 53,066,631 Balance Sheet OPERATIONS: During the year the company has achieved a turnover of Rs. 3379.43 Lacs as against Rs. 2890.44 Lacs during last year and earned profit of Rs. 150.13 lacs as against a profit of Rs. 226.51 lacs during last year. INDUSTRIAL RELATIONS: Industrial relations during the year remained cordial all levels of the Company . The management appreciate the whole hearted cooperation given by the employees of the Company. PARTICULARS OF EMPLOYEES : Regarding particulars in terms of Section 217 (2A) of the Companies Act, 1956 read with relevant rules, none of the employees was in receipts of or entiled to receive emoluments amounting to and in aggregate to Rs. 1,200,000.00 or more per annum if employed for the year or Rs. 1,00,000.00 or more per month if employed for any part of the year. Particulars in respect of conservation of energy etc : (A) Conservation of Energy : (i) The Company is making regular efforts for energy conservation. (ii) Information regarding energy consumption in Form - A annexed herewith. (B) Technology Absorption : No Efforts have been made in Technology Absorption (C) Foreign Exchange earning and outgo: Particulars regarding foreign exchange earning and out go as per Schedule 18 of Balance Sheet. DIRECTORS RESPONSIBILITY STATEMENT : Pursuant to the requirement under section 217(2AA) of the Compnies Act. 1956. with respect to Directors Responsibility statement, it is hereby conformed : (i) That in the preparation of the accounts for the financial year under review, the applicable accounting standards have been followed along with proper explanation relating to metarial departure, if any; (ii) That the Directors have selected such accounting policies and applied them consistantly and need judgments 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 compnay for the year under review. (iii) That the Directors have taken proper and sufficient care for the mantenance of adequate accounting records in accordance with the provisions of Companies Act, 1956 for the safe guarding the asset of the Company and for preventing and detecting fraud and other irregularties; (iv) That the Directors have prepared the annual accounts on a going concern basis . DIRECTORS : Mr. Himanshu Sangal and Mr. Amit Sangal has been appointed as Managing Director and Director, respectively of the Company for a period of five years w. e. f. 1st Oct. 2006. Further it has been decided to increase the remuneration of the both the directors w. e. f. 1st July, 2006 . DEPOSITS: The Company has not accepted any deposits attracting the provision of Section 58-A of the Companies Act. 1956. AUDITORS REPORT: The Auditors in their report have referred to the notes forming part of the accounts. The said notes are self explanatory and do not require further elucidation. AUDITORS : M /S Shiam & Co., Chartered Accountants, Muzaffarnagar, Auditors of the Company retire at the conclusion of this meeting and are eligible for re-appointment. ACKNOWLEDGEMENT: Your Directors acknowledge with gratitude the co - coperation and assitance given by the financial institutional banks during the year under review. Your Directors wish to place on records their appreciation of the sincere and efficient services rendered by the staff and workers of the Company for its sucess. Your Directors recormmend that the annual accounts may be passed by you.

Director’s Report