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Bhilwara Spinners Ltd.

BSE: 514272 Sector: Industrials
NSE: N.A. ISIN Code: INE436C01014
BSE LIVE 15:14 | 08 Dec 7.19 0.01
(0.14%)
OPEN

7.19

HIGH

7.19

LOW

7.19

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 7.19
PREVIOUS CLOSE 7.18
VOLUME 700
52-Week high 15.70
52-Week low 7.18
P/E 39.94
Mkt Cap.(Rs cr) 4.86
Buy Price 7.19
Buy Qty 300.00
Sell Price 0.00
Sell Qty 0.00
OPEN 7.19
CLOSE 7.18
VOLUME 700
52-Week high 15.70
52-Week low 7.18
P/E 39.94
Mkt Cap.(Rs cr) 4.86
Buy Price 7.19
Buy Qty 300.00
Sell Price 0.00
Sell Qty 0.00

Bhilwara Spinners Ltd. (BHILWARASPINNER) - Director Report

Company director report

To The Members

The Directors of your Company have pleasure in presenting their 34th AnnualReport along with audited annual statements of Accounts for the financial year ended on 31stMarch 2015

FINANCIAL RESULTS

Financial Year ended 31-3-2015 Previous Year ended 31-3-2014
Turnover 21 281
Profit/(Loss) before Depreciation 244 20
Depreciation 0 0
Profit/(Loss) before Tax 244 20
Provision for Income Tax
- Current Tax 58 6
- Deferred Tax 0 2
Profit/(Loss) after Tax 186 12
Balance brought forward (548) (560)
Balance carried forward (362) (548)

OPERATIONS

The manufacturing operations of the Company have come to a stand still. But trading inyarn and fabric still continue in the year.

DIVIDEND

Your Directors are unable to recommend any Dividend on the Equity Shares in view of thefinancial position of the Company.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134 (3) (C) of the Companies Act 2013 the Directors state that:

- in the preparation of the Annual Accounts the applicable accounting standards havebeen followed;

- appropriate accounting policies have been selected and applied consistently and theyhave made judgements and estimates that are reasonable and prudent so as to give a trueand fair view of the state of affairs of the Company on 31st March 2015 and ofthe profit or loss of the Company for the financial year ended 31st March 2015

- proper and sufficient care has been taken for the maintenance of adequate accountingrecords in accordance with the provisions of the Companies Act 2013 for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities;

- the Annual Accounts have been prepared on a going concern basis.

ENERGY CONSERVATION TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

A Statement of Information relating to Conservation of Energy Technology Absorptionand Foreign Exchange earnings and outgo as required under Section 34(3)(m) of theCompanies Act 2013 read with Companies (Disclosure of particulars in the report of Boardof Directors) Rules8 of the companies (accounts) Rules 2014 is given in Annexure to theDirector's Report.

DIRECTORS

One of your Director namely Ashok Kumar Kothari shall retire by rotation at theensuring Annual General Meeting and being eligible offer themselves for re-appointment.The Board recommends their re-appointment.

AUDITORS

The Company's Auditors M/s. CLB & ASSOCIATES. will hold office till theconclusion of the forthcoming Annual General Meeting and being eligible offer themselvesfor re-appointment.

The observations in the Auditors' Report are dealt within the notes to the accounts atappropriate places and are self-explanatory.

PERSONNEL

There was no employee drawing remuneration in excess of limits prescribed under Section197(12) of the Companies Act 2013 read with Rule 5 (1) of the Companies (Particular ofEmployees) Rules 2014

ACKNOWLEDGEMENTS

Your Directors appreciate the valuable cooperation and continued support extended bythe Customers Financial Institutions Bankers State and Central Government. The Boardalso wishes to place on record its appreciation for the dedicated services of employees atall levels of the Company.

for and on behalf of the Board
Place : Bhilwara Ashok Kothari
Date : 29th May 2015 Director

Statement of particulars pursuant to Companies (Disclosure of particulars in the reportof Board of Directors) as Per Section 134 (3) (M) of Company Act 2013 Read with Rule 8 ofthe Companies (Accounts) Rules 2014

1. CONSERVATION OF ENERGY

(a) Energy conservation measures taken :

No Specific Investment

(b) Impact of the measures at (a) for reduction of energy consumption and consequentimpact on the cost of production of goods:

No Specific Investment

(A) POWER AND FUEL CONSUMPTION

No Specific Consumption Current Year and Previous year

(B) CONSUMPTION PER UNITOF PRODUCTION

No Specific Production

II. TECHNOLOGY ABSORPTION

1. RESEARCH AND DEVELOPMENT

No Specific Investment

2. TECHNOLOGY ABSORPTION

No Specific Investment

III. FOREIGN EXCHANGE EARNINGS AND OUTGO

The Company has earned during the period foreign exchange of Rs.Nil at FOB priceagainst an outgo on CIF basis of Rs. 0.00 crore compared to previous period foreignexchange earning of Rs.NIL Lacs and outgo of Rs. NIL Lacs

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