MUKUND SYNTEX LIMITED
DIRECTORS' REPORT OF MUKUND SYNTEX LTD.
Mukund Syntex Ltd.
Your directors present to you the sixteenth Annual Report of the Company
together with the Audited Statement of Accounts for the year ended 31st
In view of the inadequacy of Profits,your Directors do not recommend any
Your Company has not accepted any deposits during the year under review.
Shri Manmohan R.Agarwal and Shri R.K.Srivastava Directors retire by
rotation and being eligible, offer themselves for re - appointment. Your
directors recommend their re appointment.
Conservation of Energy Etc.
As required under the provisions of Sec.217(1 ) (e) of the Companies Act,
1956, information relating to Conservation of energy, technology absorption
and foreign exchange earnings and outgo is given below:
A. Conservation of energy
a) Purchased Unit 13,50,985
Amount Rs. 49,52,165
b) Own Generation Rs. 11.30.720
B. Research & Development
No research activity is being carried out at present and no expenditures
have been incurred on research and development during the year under
C. Technology absorption, adoption and innovation
No efforts have been made towards technology absorption, adaption and
innovation. No technology has been imported by the Company during the year
D. Foreign Exchange earnings and outgo
The Company has neither used nor earned foreign exchange during the year
The auditors M/s.Bhuwania & Agrawal Associates, Chartered Accountants,hold
their office until the conclusion of the ensuing Annual General Meeting and
are eligible for reappointment
The Board wish to place on record its sincere appreciation for the
contribution and support of the institutions, bankers and employees of the
For and on behalf of the Board
Place: Mumbai Mukund U. Agarwal
Date: 28th August.1998 (Chairman & Managing Director)