TATANAGAR BRICKS LIMITED
The Directors have pleasure in presenting the Third Annual Report and
audited statement of Accounts of the Company for the financial year 1995-
As the Company has no manufacturing, Trading or, Service activities during
the accounting year ended on March 31st 1996, no Profit & Loss Account has
been prepared for the above period. All pre-operative and other
Miscellaneous expenses shall be capitalised or written of appropriately at
a later date.
PROJECT STATUS AND IMPLEMENTATION
The Company is setting up a Fly Ash Bricks Plant and a Hard Ceramic Tiles
Plant. The land acquisition and civil construction of the entire plant is
over. All the orders for Plant & Machinery has been placed and 90%
machineries of the Glazed Tile Plant has been received. Production in the
Glazed tiles plant will start during the Current year and the Bricks Plant
will start functioning during the second quarter of the next financial
Since the Company has not commenced its business activities, no dividend
has been recommended for the year under review.
The Company has not accepted Fixed Deposit from the Public.
RESEARCH & DEVELOPMENT
The Company has not incurred any Sum in respect of Research and Development
for any of its activities. CONSERVATION OF ENERGY, TECHNOLOGICAL
ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:
A. CONSERVATION OF ENERGY
The Company has not taken any Steps for Conservation of energy.
B. TECHNOLOGICAL ABSORPTION:
All Steps have been taken for Technology Absorption during the year under
C. FOREIGN EXCHANGE EARNING & OUTGO
Expenditure made in Foreign Travelling Rs. 3,37,871.00.
Mrs. Manju Agiwal, Director of the Company retires at the ensuing Annual
General Meeting and is eligible for re-appointment.
PARTICULARS OF EMPLOYEES REQUIRED UNDER SECTION 217 (2A) OF THE COMPANIES
No Employee of the Company was in receipt of remuneration exceeding in the
aggregate Rs. 3,00.000/- or more during the Financial Year or Rs. 25,000/-
or more per month, if employed for the part of a year.
The Directors wish to place on record their appreciation for the efficient
and loyal services rendered by Executives and all Sections of the Staff and
Workers of the Company. Relation with Labour remain cordial throughout the
year. The Directors also wish to place on record their sincere appreciation
for the positive co-operation received by the Company from the Government
Departments, Banks, Customers, Suppliers during the year.
for and on behalf of the Board of Directors
VISHNU K. AGIWAL
Chairman Cum Managing Director
Place : Jamshedpur,
Dated : 28th June, 1996.