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Sangal Papers Ltd.

BSE Live

Sep 22, 12:38
109.95 5.20 (4.96%)
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AVERAGE VOLUME
5-Day
223
10-Day
365
30-Day
923
181
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    104.75

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    109.95

  • Bid Price (Qty.)

    101.00 (120)

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    0.00 (0)

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Dec 27, 11:22
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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 Eighth Annual Report and audited statement of accounts of the Company for the year ended 31st March, 2008. 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 40,345,341 26,611,681 Less: Finance Charges, 14,946,235 4,682,668 Depreciation 9,295,416 6,416,747 Profit for the year 16,103,690 15,512,266 Less : Paid / provision of tax 7,388,606 (9,471,318) Profit after tax 8,715,084 6,040,948 Add : Balance being Profit(Loss) brought forward from last year 72,671,373 66,630,425 Balance being Profit (Loss) carried over to Balance Sheet 81,386,457 72,671,373 OPERATIONS : During the year the company has achieved a turnover of Rs. 3598.87 Lacs as against Rs. 4240.53 Lacs during last year and earned profit before Tax of Rs. 161.04 Lacs as against a profit of Rs. 155.12 Lacs during last year. INDUSTRIAL RELATIONS : Industrial relations during the year remained cordial all levels of the Company. The management appreciate the whole hearted co-operation 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. (A) Conservation of Energy : (i) The Company is making regular efforts for energy conservation. During the year, company has installed a 3 MW Bio-MASS Co-Generation Power plant for Captive use with a total investment of Rs. 1158.82 Lacs. (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 out-go : Particulars regarding foreign exchange earning and out-go as per Schedule 17 of Balance Sheet. 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 accounts for the financial year under review, the applicable accounting standards have been followed along with proper explanation relating to material 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 prodent 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 loos of the company for the year under review. (iii) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 1956 for the safeguarding the assets 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 : Shri Tanmay Sangal Director of the Company, retire by rotation and being eligible, offer himself for re- appointment. 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-operation and assistance given by the financial institutional and 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 success. Your Directors recommend that the annual accounts may be passed by you. For and on behalf of the Board SANGAL PAPERS LTD. Sd/- Date : 22nd May, 2008 (HIMANSHU SANGAL) Place : MEERUT Chairman

Director’s Report