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Udaipur Cement Works Ltd.

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

BSE Live

May 28, 15:40
9.45 -0.13 (-1.36%)
Volume
AVERAGE VOLUME
5-Day
81,745
10-Day
89,504
30-Day
79,009
21,484
  • Prev. Close

    9.58

  • Open Price

    9.70

  • Bid Price (Qty.)

    9.35 (100)

  • Offer Price (Qty.)

    9.55 (442)

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

The Directors present the 13th Annual Report and Audited Accounts of the Company for the year ended 31st December, 2007. OPERATIONS The plant operations continued to remain suspended during this year also. During the period under review the company posted a net loss of Rs.7,47,01,945 /- after providing for interest and depreciation. The company continues to be registered with BIFR as a sick company. Efforts to revive the plant operations in consultations with ARCIL (Assets Reconstruction Company (India) Limited) are being made and a scheme is being workedout in this regard. The liquidity position of the company continued to be extremely difficult.. As a result, the company is finding it difficult to maintain essential services. In view of the difficult liquidity position the company has also not been able to make any payment to Financial Institutions, Banks and other creditors etc. DIRECTORS Shri O.N. Rai retire by rotation at the forthcoming Annual General Meeting and being eligible offer himself for re-appointment. Shri R.K.Gupta whose appointment as Whole Time Director expires on 25th May of 2008 has been reappointed as a Whole-Time Director of the Company for the period of three years w.e.f. 26th May 2008 subject to necessary approval. AUDITORS M/s Om Prakash S Chaplot & Co. Chartered Accountants, Auditors of the Company, retire at the forthcoming Annual General Meeting (AGM) of the Company and are eligible for re-appointment. The observations of the Auditors in their Report on Accounts read with relevant notes, are self explanatory. 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 2007, is being conducted by the Cost Auditor who will submit their report for the period ended 31 st December 2007, as required. 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. ACKNOWLED GEMENTS 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. behalf of the Board of Directors (R.K.GUPTA) (O.N RAI) DIRECTORS New Delhi Date : 07.05.2008

Director’s Report