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Burr Brown India Ltd.

BSE: 511383 Sector: Financials
NSE: BURRBROWN ISIN Code: INE474A01019
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Burr Brown India Ltd. (BURRBROWN) - Director Report

Company director report

ANNUAL REPORT 1998-99 BURR BROWN (INDIA) LIMITED DIRECTORS' REPORT To The Shareholders, Burr brown (India) Ltd. Your directors have pleasure in presenting their Report and the Statement of Accounts of the Company for the year ended 31st December, 1999 together with the Report of the Auditors thereon. OPERATION AND FUTURE OUTLOOK During the year the Company has enhanced its presence in Information Technology and Multi Media Sectors. Multimedia in generic terms can be defined to be the use of computers to present text, graphics, video, animation and sound in an integrated way. Long touted as the future revolution in computing, multimedia applications were, until the mid-90s, uncommon due to the expensive hardware required. With increase in performance and decrease in price, however, multimedia is now common place. Nearly all PCs are capable of displaying video, though the resolution available depends on the power of the computers video adapter and CPU. Because of the storage demands of multimedia applications, the most effective media are CDROMs. With emergence of the new economy, there has been an explosive growth in multimedia applications. The use of multimedia applications ranges from corporate presentations, knowledge intensive CBTs, media intensive CBTs to high end animation graphics for broadcast, entertainment, etc. Recently India has emerged as a preferred source for providing high end animation services. The Company s entry in this field has been very welcome. It was able to develop and handle a few projects in a short span of time. Burr Brown (India) Ltd. proposes to expand the services further to add: 1. 2D/3D Animation for broadcast graphics for uses in television serials, films and commercial advertisements. 2. Special effects/complete production through animations for a range of clients. The Company is also proposing to enter into entertainment and broadcasting business by setting up its own studio and exploit the convergence between Information Technologies and media by introducing entertainment on the web. The Company also plans a major thrust in software development for entertainment, media and advertising sectors. DIVIDEND Your directors are pleased to recommend a dividend of 2% since the Company is now back in profits. DIRECTORS Mr. H.C. Gandhi retires by rotation and being eligible offers himself for re- appointment. Mr. Vinay Rai, Mr. Anil Rai, Mr. Amit Rai, Mr. S.K. Mittal, Mr. D. Kar, Mr. V.C. Rai and Mr. J.R. Gupta, have been appointed directors of the Company and they hold office upto the date of the ensuing Annual General Meeting. Mr. D. Kar has been appointed as Managing Director of the Company for a period of five years w.e.f. 28.04.2000. Sqn. Ldr. (Retd.) K.C. Katoch, Whole-time Director, Mr. S.M. Venkataraman, Mr. R.K. Gupta and Mr. R.D. Kitson, Directors resigned from the Directorship of the Company. The Board places on record its appreciation for the services rendered by them during their tenure as Directors of the Company. DEPOSITS The Company has not accepted any deposits from the public under Section 58A of the Companies Act, 156 read together with the rules made thereunder. PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A) OF THE COMPANIES ACT, 1956 None of the employees is covered under Section 217(2A) of the Companies Act, 1956 and the rules framed thereunder. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO In the absence of any manufacturing activity, no details has been given as required under Section 217(1)(e) of the Companies Act, 1956 and the rules framed thereunder. There has been no inflow or outgo of foreign exchange during the year. LISTING ARRANGEMENTS The Company s shares are listed on the Mumbai, Kanpur and Delhi Stock Exchanges. The Company has paid listing fee to the Mumbai Stock Exchange upto 2000-01, Kanpur Stock Exchange upto 1995-96 and Delhi Stock Exchange upto 1996-97. AUDITORS M/s. Bansal & Co., Chartered Accountants, Auditors of the Company shall retire at the conclusion of the ensuing Annual General Meeting and being eligible offer themselves for re-appointment. The Company has received certificate from the retiring Auditors to the effect that their appointment, if made, will be in accordance with Section 224(1B) of the Companies Act, 1956. ACKNOWLEDGEMENT Your Directors wish to place on record their deep appreciation for the continued support of shareholders and the devoted services rendered by the Executives, Staff and Workers of the Company at all levels. Your Directors also acknowledge with gratitude the Co-operation and assistance given by the Financial Institutions, Banks and Business Constituents. For and on behalf ot the Board Place: New Delhi D. KAR V.C.RAI Date: 28th April, 2000 Managing Director Director

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