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Radico Khaitan Finance Ltd.

BSE: 511320 Sector: Financials
NSE: N.A. ISIN Code: INE146D01017
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Radico Khaitan Finance Ltd. (RADICOKHFIN) - Director Report

Company director report

RADICO KHAITAN FINANCE LIMITED ANNUAL REPORT 1999-2000 DIRECTORS' REPORT To The Members of Radico Khaitan Finance Limited Your Directors present the Fourteenth Annual Report on the performance of the company alongwith the Audited Accounts for the year ended 31st March, 2000. DIVIDEND Due to results not being encouraging in the current year, the Board is reluctant to recommend any dividend for the year under review. FIXED DEPOSIT The Company has not accepted any fixed deposits during the year. DIRECTORS Shri Harish Sangtani, Director, retires by rotation at this Annual General Meeting. Being eligible for re-appointment, offers himself for re- appointment. AUDITORS' REPORT The Auditors' Report on the accounts for the year ended 31st March, 2000 is self explanatory and needs no further clarification from your directors. APPOINTMENT OF AUDITORS The term of M/s. Mahesawari Mukul & Associates, Chartered Accountants, Auditors of the Company, expires at the conclusion of this Annual General Meeting and being eligible offer themselves for reappointment. FUTURE PLANS You will be glad to know that after the approval at the EOGM, the company has finalised the plan for setting up Education Centres for imparting higher end education on Information Technology. The plan includes opening of 8-9 regional centres by 31st March, 2001 and 24-30 franchisees by March 2002. Medical Transcription Training Institute has already commenced from August 2000 and a 150 user Medical Transcription Production Centre shall be operational by December 2001. The first Production Centre with 30 user would be commissioned in November, 2001. Your company is in the process of launching its E-Commerce Venture by way of a Vortal (Vertical Portal) on Fashion which is intended to be the last word in Fashion. Your company has started a Web Division and the same has started its activities. It is hoped that by the year 2002-03 the company's performance will be substantially better. PARTICULARS OF EMPLOYEES None of the employees is covered under Section 217(2A) of the Companies Act, 1956. ACKNOWLEDGEMENT Your Directors wish to submit their sincere appreciation of the work done, co-operation extended by the staff and officers of the company at all levels and Directors also express sincere thanks to various agencies and bankers for the help and co-operation extended by them to the company. Lastly, the Directors also wish to convey their sincere thanks to all the shareholders for the trust and confidence shown in the Company and its Board. By order of the Board Place : New Delhi (Kamesh Kumar Khaitan) Dated : 1st September, 2000 Managing Director