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Udaipur Cement Works Ltd.

BSE: 530131 | NSE: JKUDYOG | Series: NA | ISIN: INE225C01029 | SECTOR: Cement - Major

BSE Live

May 26, 16:00
9.49 0.38 (4.17%)
Volume
AVERAGE VOLUME
5-Day
56,564
10-Day
82,440
30-Day
81,432
101,179
  • Prev. Close

    9.11

  • Open Price

    9.11

  • Bid Price (Qty.)

    9.49 (360)

  • Offer Price (Qty.)

    9.49 (500)

NSE Live

Dec 27, 11:22
1.30 -0.30 (-18.75%)
Volume
No Data Available
10,925
  • Prev. Close

    1.60

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Udaipur Cement Works is not listed on NSE

Annual Report

For Year :
2018 2017 2016 2015 2014 2012 2011 2010 2008

Director’s Report

Your Directors present the 11th Annual Report and Audited Accounts of the Company for the 15 months period ended 31st December 2005. OPERATIONS The plant operations continued to remain suspended this year also due to higher cost of production and operation being commercially unviable primarily on account of old technology of the plant. The company after providing for interest and depreciation posted a net loss of Rs. 10,49,55,585 during the period under review. In the background of cement prices & demand showing gradual trend of improvement, the company engaged a reputed Indian cement consultant for carrying out detailed evaluation of the viability of the operations. The consultants were mandated to suggest technological measures to be taken up for improving the long term viability of the plant operations. The consultant timely completed the assignment and submitted their report suggesting various technological upgradations to improve the efficiencies and inputs. A captive coal based power plant of 18 MW capacity and enhancement of cement capacity from the present 0.9 to 1.2 Million ton per annum has been envisaged. These measures would result in substantial cost savings and cost competitiveness. The investment required for undertaking the project would be of the order of about Rs.325 crores. The management is exploring various workable options for plant revival. The liquidity position has further worsened. The company, in the absence of resources is finding it increasingly difficult to maintain even the essential services. The company has also not been able to make any payment to the creditors including Financial Institutions, Banks etc. DIRECTORS Shri Vinit Marwaha retire by rotation at the forthcoming Annual General Meeting and being eligible offer himself for re-appointment. Shri O.N. Rai ceased to be Manager of the Company w.e.f. 30.06.2005. However, he continues to be a Director of the Company. AUDITORS M/s Lodha & Co, Chartered Accountants, Auditors of the Company, retires at the forthcoming Annual General Meeting (AGM) of the Company. The said Auditors have expressed their unwillingness for re-appointment at the said Annual General Meeting. The observations of the Auditors in their Report on Accounts read with relevant notes, are self explanatory. The Board of Directors of the Company recommends appointment of M/s Om Prakash S.Chaplot & Co..Chartered Accountants,Udaipur as Auditors of the Company from the conclusion of the this Annual General Meeting till the next Annual General Meeting. PARTICULARS OF EMPLOYEES During the year under review, there were no employees getting covered under the provision of Section 217(2A) of the Companies Act 1956 read with Companies (Particulars of Employees) Rules 1975. DIRECTORS RESPONSIBILITY STATEMENT As required under Section 217(2AA) of the Companies Act 1956, your Directors state that: In the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures in the financial statement; The accounting policies selected and applied are consistent and judgements and estimates made are 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 Company for that period ; Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the said Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; The annual accounts have been prepared on a going concern basis. COST AUDIT The Audit of the Cost Accounts of the Company relating to Cement for the period ended 31st December 2005 is being conducted by the Cost Auditor who will submit their report for the period ended 31st December 2005 as required. CHANGE OF NAME AND REGISTERED OFFICE As approved by the Shareholders, name of the Company was changed to UDAIPUR CEMENT WORKS LIMITED with its Registered Office at 309 Samod Tower, S.C. Road, Jaipur - 302001 .Rajasthan. CORPORATE GOVERNANCE Pursuant to the revised Clause 49 of the Listing Agreement with the Stock Exchanges, Management Discussion and Analysis Report, Corporate Governance Report and Auditors Certificate regarding compliance of the conditions of Corporate Governance are made a part of this Annual Report. CONSERVATION OF ENERGY, ETC. Details as required under section 217 (1) (e) of the Companies Act 1956 read with Companies (Disclosures of Particulars in the Report of Board of Directors) Rules 1988, are annexed. ACKNOWLEDGEMENTS The Directors wish to thank the Bankers, Financial Institutions, Government Authorities , Shareholders, Debentureholders and the Employees of the Company for their continued support despite liquidity constraints faced by the Company. On behalf of the Board of Directors (R.K. GUPTA) (O.N. RAI) DIRECTORS New Delhi Date :

Director’s Report