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Godavari Ceramics Ltd.

BSE: 515061 Sector: Consumer
NSE: N.A. ISIN Code: N.A.
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Godavari Ceramics Ltd. (GODAVARICERAMIC) - Director Report

Company director report

1995 GODAVARI CERAMICS LIMITED DIRECTORS' REPORT Your Directors present herewith their 10th Annual Report together with Audited Accounts of the Company for the Year ended 31st March. 1995. Your Company Management is continuing its efforts for its Revival Plan. In this connection your promoters have agreed to bring in, an amount of Rs. 45.00 Lakhs for a suitable Rehabilitation in Package. We are awaiting the decisions of IFCI and BIFR in this regard. DEPOSITS: The Company has not accepted any deposits from the Public during the year. DIRECTORS: Sri. A.N. Sarin, Smt. M. Lakshmi Kumari retires by rotation, being eligible offer themselves for re- appointment. AUDITORS: M/s. G.P.RAO & CO., Auditors of the Company will held office till the conclusion of the ensuing Annual General Meeting and are eligible for re- appointment. The Company has received a certificate from the auditors to effect that their re-appointment if made would be within the prescribed limits under section 224 (1) of Companies Act, 1956. DISCLOSABLE PARTICULARS: The Particulars required to be disclosed under the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, regarding conservation energy, etc. are detailed in Annexure A to this report. PERSONNEL: The Company does not have any employee in receipt of a remuneration exceeding Rs. 1,44,000/-per annum or Rs.12,000/- per mensum. Hence, the statement under Sec.217 (2A) of the Companies Act, 1956 read with Company (Particulars of employees Rules, 1975 is not furnished. ACKNOWLEDGEMENTS: Your Directors take this opportunity to acknowledge with gratitude the continuous help and co- operation received from BIFR, Financial Institutions, IFCI, IDBI and ICICI and Company's Bankers, State Bank of India. ANNEXURE TO THE DIRECTORS' REPORT ANNEXURE: A: In terms of Section 217 (1) of the Companies Act., 1956 (as amended) and the Companies (disclosure of particulars in the Report of the Board of Directors) Rule, 1988, your Directors furnish the additional informations as required. A. CONSERVATION OF ENERGY: a) Energy conversation measures taken: B. TECHNOLOGY ABSORBTION, ADOPTATION AND INNOVATION Effects in brief made towards technology absorption, adoption and innovation. 2. Benefit derived as a result of the above efforts eg: product improvement, cost reduction, product development, import substitution etc. 3. In case of imported technology (Imported during last 5 years reckoned from the beginning of the financial year) following information may be furnished. b) Year of import: 1988 c) Has technology been fully absorbed: Yes d) If not fully absorbed areas where this has not:Not applicable taken place, reasons therefore and future plans of action. e) Foreign exchange earning and out go :Nil i) The foreign exchange earnings: ii) Foreign exchange out go for import of capital goods for import of colourants. iii) Fortravel: The shuttle kiln and tunnel kiln are provided with ceramic fibre lining which saves fuel consumption. Engery conservation is an on going activity in the unit and is closely monitared for reduction. The company importated designs and drawings from M/s Helmsoth Keramische often GMBK, West Germany for indegenous manufacture of tunnel kiln equipments. The company has suitably designed the equipments and modified the designs to suit its requirements. The company was able to save substantially by indegeneously manufacturing the tunnel klin equipments after obtaining the designs and drawings from M/s. Helmsoth. The company could also reduce the import component substantially by importing the designs. The company does not have any foreign collaboration. However the company has a tripartitle agreement with M/s. Helmsoth and M/s Agrob for obtaining basic information for the project, for glaze and body composition etc., and the company has implented the same after obtaining the engineering and design data. For and on behalf of Boards of Directors M.P.MURTI Chairman. Place : Hyderabad Dated : 7th December, 1995