Natco Polyplast Ltd.
To The Members,
The Directors have pleasure in presenting their Sixth Annual Report with
the Audited Accounts for the year ended 31st March,2000.
1. Review of Operation
The loss for the year after providing for depreciation but before taxation
was Rs.8.44 Lacs as compared to profit of Rs. 0.89 lacs in the previous
year as a result of decrease in sales and sharp rise in costs.
2. Income Tax Provision
Income Tax provision has not been made as there is no tax liabilities.
In view of loss for the year, the Board of Director regret their inability
to recommanded any dividend.
Shri Deokaran K. Chaudhary, Director of the Company retires at the ensuing
Annual General Meeting. He being eligible offer himself for reappointment.
The terms of M/s. R. R. Tibrewal & Co. expire at the conclusion of ensuing
Annual General Meeting and proposes their appointment as Auditors of the
Company from the conclusion of the ensuing Annual General Meeting till the
conclusion of next Annual General Meeting.
The Company has not accepted any deposits during the year under review,
within the meaning of Section 58A of the Companies Act, 1956.
Particulars of Employee
None of the employees is coming under the purview of Section 217 2(a) of
the Companies Act, 1956 as amended by notification dtd. 12.03.1999.
Notes to the accounts reffered to in the Auditors Reports is self
explanatory and hence no further comments are called for.
Conservation of Energy, Technology Absorption and Foreign Exchange Earnings
The information pursuant to section 217(1 )(e) of the Companies Act, 1956
read with Companies (Disclosure of particulars in the Report of Board of
Directors) Rules, 1988 is given in the Annexure forming part of this
The Company is thankful to its large number of Shareholders, bankers,
clients, professional colleagues, well wishers and employees.
For and on Behalf of Board
Place: Ahmedabad Sajjan K. Chaudhary
Date : 04.09.2000. Chairman.
ANNEXURE 'A' TO DIRECTOR'S REPORT
The Companies (Disclosure of Particulars in the Report of Board of
A. Conversation of Energy.
1. The Company has taken energy conversation measures. Systems are in force
to closely monitor energy usage.
C. Research and Development (R & D) N.A.
1. Area in which R & D carried out by the Company
2. Benefits derived as a result of the above R & D
3. Future plan for action
4. Expenditure on R & D Nil
(d) Total R & D Expenditure as a percentage
of total turnover
D. Technology absorption adaptation and innovation N.A
1. Efforts, in brief! made towards technology absorption, adaption and
2. Benefits derived as a result of the above efforts, e.g. product
improvement, cost reduction, product development, import substitution
3. In case of imported technology(imported during the last 5 year reckoned
from the beginning of the financial year), following information may be
(a) Technology imported
(b) Year of import
(c) Has technology been fully absorbed?
(d) If not fully, absorbed, areas where this has
not taken place, reasons therefore and
future plans of action.
FOREIGN EXCHANGE EARNINGS AND OUTGO
Foreign Exchange earnings Rs. Nil
Foreign Exchange Outgo Rs. Nil