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Chhattisgarh Industries Ltd.

BSE: 530495 Sector: Others
NSE: N.A. ISIN Code: INE473C01017
BSE LIVE 10:09 | 24 Feb Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 4.30
PREVIOUS CLOSE 4.52
VOLUME 200
52-Week high 5.25
52-Week low 4.30
P/E
Mkt Cap.(Rs cr) 3.22
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.30
Sell Qty 296.00
OPEN 4.30
CLOSE 4.52
VOLUME 200
52-Week high 5.25
52-Week low 4.30
P/E
Mkt Cap.(Rs cr) 3.22
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.30
Sell Qty 296.00

Chhattisgarh Industries Ltd. (CHHATTISGARHIND) - Director Report

Company director report

To

The Members of

Chhattisgarh Industries Limited

Your Directors have pleasure in presenting the 31st Annual Report with the AuditedAccounts of the Company for the year ended March 31 2015.

1. FINANCIAL RESULTS

Turnover

Current Period (In Rs.) Previous Year (In Rs.)
955218 507068

During the financial year 2014-2015 the turnover of the Company is lesser as compare tothe previous year. The financials for the financial year 2013-14 is as follows

PARTICULARS YEAR ENDED
31st March 2015 31st March 2014
(Rs.) (Rs.)
Sales and Other Income 955218 507068
Total Expenditure 4181695 5002534
Profit before Tax -3226477 -4495466
Profit/(Loss) for the period -3226477 -4543130

2. DIVIDEND

Considering the losses from last few years the Directors of the Company has notrecommended ant dividend for the current period.

3. TERM DEPOSITS:

During the period under review your Company has not accepted any deposit under section73 & 76 of the Companies Act 2013 read with Companies (Acceptance of Deposits) Rules1975.

Section 73 to 76 (both inclusive) read with Companies (Acceptance of deposits) Rules2013 regulates the invitation acceptance and repayment of deposits by the Companies.

4. Information under Section 196 – 202 of the Companies Act 2013 and rule3-10 of the Companies (Appointment and remuneration of Managerial Personnel) Rule 2014.

None of the employees was in receipt of remuneration exceeding the limit specifiedunder section 196-202 of Companies Act 2013.

5. DIRECTORS:

Pursuant to section 152 of the companies Act 2013 (the 'Act') and under Article(Article No. if any) of the Company's Articles of Association:

Mrs Gayatri Devi Goyal has been appointed as a Additional Director of the Company.Pursuant to section 149150 and 152 of the Act read with Companies "(Appointmentand Qualification of Directors) Rules 2014 along with NOTE IV of the Act (including anystatutory modifications(s) or re-enactment thereof for the time being in force) theAdditional Director can hold office for a term of Five consecutive years on the Board ofDirectors of your Company.

6. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to in terms of clause (c) of Sub Section 3 of Section 134 of the CompaniesAct 2013 the Directors based on the representations received from the managementconfirm:

That in the preparation of the Annual Accounts the applicable accounting standardshave been followed.

That we have selected such accounting policies and applied them consistently and madejudgments and estimates that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the company at the end of March 2015 and of the Profits /Lossof the Company for that period.

That we have taken proper and sufficient care for the maintenances of adequateaccounting records in accordance with the provisions of the Companies Act 1956 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities.

That we have prepared the Annual accounts on a going concern basis.

7. AUDITORS:

The Board has proposed the appointment of M/s U.K. Rathi & Co. Chartered as aStatutory Auditors of the Company until the conclusion of next Annual General Meeting ofthe company at a remuneration as the Board of Directors may determine. "subject tothe approval of the shareholders in the Annual General Meeting of the company.

8. CONVERSATION OF ENERGY RESERCH AND DEVELOPMENT TECHNOLOGY ABSORPTION ANDFOREIGN EXCHANGE EARNINGS AND OUTGO:

The information required under the companies Act 2013 with respect to conversation ofenergy technology absorption and foreign exchange earnings / outgo is appended hereto asAnnexure: "A" and it forms part of this Report.

9. EMPLOYEE RELATIONS:

The employee relations in the company continued to be positive information as perSection 217 (2A) of the Companies Act 1956 (the 'Act') read with the Companies(Particulars of Employees) rule 1975 forms part of this Report. As per the provisions ofthe Section 219(1)(b)(iv) of the Act the Report and Accounts are being sent to theshareholders of the Company excluding the statement on particulars of employees underSection 217(2A) of the Act. Any shareholder interested in obtaining a copy of the saidstatement may write to the Secretarial Department at the Registered Office of the Company.

10. TRADE RELATIONS:

Your Directors wish to record appreciation of the continued unstinted support and co– operation from its Customers suppliers of goods / services clearing andforwarding agents and all others associated with it. Your Company will continue to buildand maintain strong association with its business partners.

Your Company also has policy on prevention of Sexual Harassment which is reviewed bythe internal Complaints Committee at regular intervals. Your Company recognizes itsresponsibility and continues to provide a safe working environment for women free fromsexual harassment and discrimination and to boost their confidence morale andperformance.

11. CORPORATE GOVERNANCE:

As per clause 49 of the Listing Agreement entered into with the Stock ExchangesCorporate Governance Report with auditors' certificate thereon and management Discussionand Analysis are attached and form part of this report.

As per clause 55 of the Listing Agreement entered into with the Stock Exchanges aBusiness Responsibility Report is attached and form part of the annual report.

12. ACKNOWLEDGEMENTS:

The Directors thank the Company's customers vendors investors business associatesbankers for their support to the company. The Directors appreciate and value thecontributions made by every member of the "Chhattisgarh" family across thecountry.

13. PARTICULARS OF EMPLOYEES

There was no employee in respect of whom information is required to be given pursuantto Section 217 (2A) of the Companies Act 1956 read with the Companies (Particulars ofEmployees) Amendment Rules 1999 as amended up-to-date.

14. AUDITOR REPORT

The Auditors' Report to the shareholders did not contain any adverse or qualificationremarks.

15. INDUSTRIAL RELATIONS

During the year under review your company has cordial and harmonious industrialrelations at all levels of the Organization.

16. PUBLIC DEPOSITS

During the year under review your Company has not accepted any Fixed Deposits frompublic within the meaning of the provisions of the Section 73 & 76 of the CompaniesAct 2013 and the Rules made there under.

Your Directors place on record their appreciation of the dedication and commitment ofyour Company's employees and look forward to their support in the future as well.

For and on behalf of the Board of Directors
Sd/-
Anil Kumar Sharma
Managing Director
Place: Raipur
Date: August 28 2015.

ANNEXURE TO DIRECTORS REPORT

INFORMATION REQUIRED UNDER THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OFTHE BOARD OF DIRECTORS) RULES 1988

Particulars with respect to Conservation of Energy Technology Absorption as persection 217(1)(e) of the Companies Act 1956 read with Company's (Disclosure ofparticulars in the Board of Directors) Rule 1988 for the year ended 31st March 2015 areannexed to this report.

CONSERVATION OF ENERGY RESEARCH & DEVELOPMENT TECHNOLOGY ABSORPTION & FOREIGNEXCHANGE EARNINGS AND OUTGO

(A) CONSERVATION OF ENERGY

The operations of the company are not energy intensive. However wherever possible thecompany strives to curtail the consumption of energy on continued basis. Further companyhas absorbed latest technology which is helpful in conserving energy.

(B) TECHNOLOGY ABSORPTION ADAPTATION AND INNOVATION

The Company over the years through its experience has developed modified and adoptedunique technique of stamping of LAM Coke which increases the efficiency of Coke.

FOREIGN EXCHANGE EARNINGS AND OUTGO

Foreign exchange earnings and outgo during the year 2014 -2015 are as under.

Particulars 2014-15 2013-14
Foreign Exchange Earnings Nil Nil
Foreign Exchange Outgo Nil Nil

 

By Order of the Board of Directors
Sd/-
Anil Kumar Sharma
Managing Director
Place: Raipur
Date: August 28 2015

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