You are here » Home » Companies » Company Overview » Nubal (India) Ltd

Nubal (India) Ltd.

BSE: 530725 Sector: Engineering
NSE: N.A. ISIN Code: INE007F01016
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty

Nubal (India) Ltd. (NUBALINDIA) - Director Report

Company director report

NUBAL (INDIA) LIMITED ANNUAL REPORT 1999-2000 DIRECTORS REPORT The Board of Directors of your Company have pleasure in presenting the Ninth Annual Report of the Company and the Audited Statement of Accounts for the year ended 31st March 2000. BUSINESS OPERATIONS & FUTURE PROSPECTS :- Your company registered a growth of 45% during the last financial year and the Turnover of the company rose to Rs.419.54 lacs for the year ending 31st March 2000 against Rs.288.51 lacs in the previous year. This was possible due to the fact that the company took up vigorous marketing efforts for its products in virgin markets of Asia and the USA. We are pleased to place on record that the company during the last financial year has manufactured and exported advanced Conveyorised Wet Proces systems and these machines were manufactured for the first time in the country. The new products manufactured by us have used the latest in Information Technology and the process control systems so developed have added substantial value to our products due to the inherent competitive nature of the Indian Software industry. We hope to use this advantage decisively in the future to improve the profitability and the competitiveness of your company. During the current financial year, the company is planning a new tie up to enter into related areas for increasing its product range and hopefully an important tie up will be announced later this year. The company will be placing an application before the Reserve Bank of India shortly for permission to set up a Marketing Office in the USA, which has been identified as a major market for your company's products. Your company has identified its core business strengths, has the right technological tie-ups, created the necessary infrastructure and its competent human resources are bound to take the company forward in the days to come. It will be our endeavour to build on our present performance and we are confident of meeting the expectations of our customers and shareholders, by utilizing all our strengths optimally and being futuristic in our outlook. Further our collaborator M/s. NEL U.K. has shown interest to fund to the tune of Rs.57.56 lacs which will help the company to negotiate and compete the deals in a better way. DIRECTORS During the year Mr. Harish Kumar Gupta and Mr. Vimal Poddar resigned from the directorship of the company. The board places its warm regards for the services rendered to the company during their tenure. Mr. B.C. Seetharam and Mr. Surendra Gupta retire at the Ninth Annual General Meeting and being eligible offer themselves for re appointment. AUDITORS Yours Company's auditors M/s. Kuruvilla & Kuruvilla, Chartered Accountants, Chennai will retire at the ensuing Annual General Meeting and have confirmed their eligibility and willingness to accept the office, if re- appointed. PERSONNEL There were no employees drawing Rs.50,000/- p.m. or Rs.600,000/- p.a. and thus information as per Section 217 of the Companies act, 1956 read with companies particular of employees Rules 1975 does not arise. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS/OUTGO Particulars (as required under Section 217 (1) (e) of the Companies Act, 1956) in respect of Conservation of Energy and Technology are given in the Annexure and form part of this report. ACKNOWLEDGEMENT: The Board of Directors wish to place on records their sincere thanks to the Bankers, SIPCOT Nubal Electronics Ltd., U.K. for their valuable support and assistance. The Board of Directors takes this opportunity to thank the shareholders and customers for the confidence reposed by them on the company and also wish to place on record their appreciation for the Services and untiring efforts of the employees at all levels, which have helped the Company to achieve better results. Place : Chennai S. SURENDRA GUPTA S. YOGESH GUPTA Date : 29.07.2000 Director Managing Director Annexure Statement of Particulars of Conservation of Energy, Technology absorption, Foreign Exchange earnings and Outgo pursuant to section 217 (1) (e) read with Companies (Disclosure of particulars in the Report of Board of Directors) Rules 1988. a. Conservation of Energy:- Energy Conservation measures are taken by constant Monitoring and implementing measures for Reduction of energy consumption. b. Technology Absorption & Innovation:- The Company has constant interaction with Nubal Electronics Ltd., U.K. c. Foreign Exchange Earnings and Outgo: 1. Foreign Exchange Outflow Rs. 17,51,438.92 2. Foreign Exchange earnings Rs. 1,87,62,220.38