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Unick Fix-A- Form and Printers Ltd.

BSE: 541503 | NSE: | Series: | ISIN: INE250G01010 | SECTOR: Printing & Stationery

BSE Live

Oct 19, 16:00
45.00 -1.50 (-3.23%)
Volume
AVERAGE VOLUME
5-Day
55,947
10-Day
62,576
30-Day
107,297
1,248
  • Prev. Close

    46.50

  • Open Price

    45.00

  • Bid Price (Qty.)

    44.50 (100)

  • Offer Price (Qty.)

    48.70 (1099)

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Unick Fix-A- Form and Printers is not listed on NSE

Annual Report

For Year :
2009

Director’s Report

The Directors take pleasure in presenting the Seventeenth Annual Report and the Audited Accounts for the year ended 31st MARCH 2009 for your perusal. FINANCIAL RESULTS : Year ended Year ended 31-03-2009 31-03-2008 (Rs. in lacs) (Rs. in lacs) a) Turnover 869.77 574.88 b) Operating Profit 170.80 90.76 c) Add: Other Income 22.37 3.41 d) Profit before Interest Depreciation and Taxes 193.17 94.17 e) Less : Interest 67.92 21.79 f) Profit before Depreciation and Taxes 125.25 72.38 g) Depreciation 58.49 35.18 h) Profit before Tax 66.76 37.20 I) Less : Provision for Tax Incl. FBT 9.52 18.50 Provision (W/back) for Def. Tax. Liab. 16.85 (1.46) 26.37 17.04 Excess Gratuity Provision (W/back.) --- 26.37 (2.02) 15.02 j) Profit (Loss) after Tax 40.39 22.18 k) Profit available for appropriation 40.39 22.18 l) Profit carried forward 40.39 22.18 DIVIDEND in view of the modest profits and need to conserve resources for meeting increased working capital, requirement the Board regrets its inability to recommend payment of any dividend for this year as well. DEMATERIALIZATION: Your Company has appointed M/s. PINNACLE SHARE REGISTRY PVT. LTD. Nr. Ashoka Mills, Naroda Road, Ahmedabad-380 025 as Share Transfer Agents(STA) for physical mode as well as through electronic connectivity with effect from 28-03-2003. As such, the shares of your Company have been now dematerialized. DIRECTORS Shri P. J. Bhide, Director, retires by rotation at the ensuing annual general meeting and being eligible,/offers himself for re-appointment. CORPORATE GOVERNANCE: The standards of Corporate Governance as presented by Securities and Exchange Board of India (SEBI) through the Stock Exchanges became applicable to your Company. Your company has complied with the standards. It would be our endeavor to follow all the standards of Corporate Governance. A separate report on Corporate Governance along with the Statutory Auditors certificate on the compliance is attached to the Annual Report.. MANAGEMENT DISCUSSIONS AND ANALYSIS . INDUSTRY STRUCTURE AND DEVELOPMENT, PERFORMANCE AND OUTLOOK As the shareholders are aware, your company has been catering to the needs of Pesticide Industry for Labels and other printed materials. The Prospects of Pesticide Industry depend entirely on the bliss of rain-Gods. Only when the rains favour, the requirement of industry in the agricultural sector increases, which in turn enhances the prospect of Pesticide Industry. - Having noted that the Pharmaceutical Industry in India has achieved phenomenal growth both in local and overseas markets, the Board has paid more attention to the Pharmaceutical Industry. With consistent efforts for the past couple of years, your company has successfully made inroads in the Pharmaceutical Industry and has- established business with well known players in this field. The demand for both adhesive paper label as well fix- a-form has thrown open attractive market. The Board, therefore, hopes to achieve reasonable progress-in the near future in this sector. However, increase in paper price is of concern so far as costs are involved. Every effort is being made by your company to control effectively the cost of raw materials. BUSINESS SEGMENTS Your Company being exclusively in the printing line, has no different business segments. THREATS AND CONCERNS . Our major concern continues to be the monsoons. Our customer list is still very .much dominated by pesticide majors. A good monsoon means good business for them which translates into large orders for us. We are confident that if the rains are timely and normal, we shall do well. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY, Your Company has adequate internal control system to ensure Maintenance of proper accounting records, their accuracy and Accounting standards, safe guarding of Companys assets and assessing the risk for insurance coverage. HUMAN RESOURCES The relations with the employees at all levels have been cordial. STATUTORY DISCLOSURES Information as per Section 217 (2A) of the Companies Act,1956 read with rules made thereunder is NIL as there are no such employees. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING OUTGOINGS Energy Conservation 2008-2009 2007-2008 Electricity : Units Puchased 300328 211936 Foreign Exchange : (figures in Thousand Rs.) Earnings: Nil Nil Outgoings; 13694 858 DIRECTORS RESPONSIBILITY STATEMENT The Board of Directors hereby state that: i) In the preparation of the annual accounts the applicable accounting standards had been followed along with proper explanation relating to material departures. ii) We have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on 31 st March, 2009 and prof it of the Company for the year ended on that date. iii) We have taken proper, and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting the frauds and other irregularities. iv) We have prepared the annual accounts on a going concern basis. AUDITORS M/s Mahendra M. Patel & Co. Chartered Accountants, Auditors of the Company, retire at the.ensuing annual general meeting and being eligible, offer themselves for re-appointment. ACKNOWLEDGEMENTS : Your Directors wish to palce on record their deep sense of gratitude to Banks for their continued support and co- operation. Our sincere thanks are also due to our esteemed customers, suppliers and finally to employees of the Company for their untiring efforts and commitment to their duties.! FOR AND ON BEHALF OF THE BOARD B. N. VASA H. N. VASA Date : 29th May 2009 Chairman & Wholetime Director Director

Director’s Report