M/s VSD CONFIN LIMITED
ANNUAL REPORT 1999-2000
The Directors of your Company have pleasure in presenting the 18the Annual
Report and Audited Statement of Accounts for the financial year ended on
30th September, 2000 together with Auditors' report thereon.
Your Directors report that total turnover of your Company for the year is
Rs. 37.86 lacs (Previous year Rs. 13.72 lacs) and the Company incurred
profit of Rs. 8.67 lacs (Previous year Rs. (-)15.30 lacs). This is a
encouraging performance and the Company is very keen to keep up this
performance in the year under consideration, the Company could not started
its revamping activities again and hope that in current year the Company
will start the same.
DISCLOSURE UNDER CLAUSE 43 OF THE LISTING AGREEMENT
Under clause 32 The cash flow statement in accordance with Accounting
Standards on Cash Flow Statement (AS-3) issued by ACAI is appended.
Under clause 43 of the listing agreement, companies who have issued shares
are required to furnish comparison of projections recorded in the
prospectus and / or letter of offer with the actual performances in respect
of profitability has not been given because on projections were made by the
Company for this year in its aforesaid prospectus.
Under clause 43 A The Company's shares are listed on the following stock
1. Bombay Stock Exchange, Bombay
2. U.P. Stock Exchange, Kanpur
3. Delhi Stock Exchange, Delhi
4. Jaipur Stock Exchange, Jaipur
5. Ahmedabad Stock Exchange, Ahmedabad
the annual listing fee in respect of U.P. Stock Exchange Kanpur, Jaipur
Stock Exchange, Jaipur and Ahmedabad Stock Exchange, Ahmedabad, has not
been paid will the date.
In view of absence of profits your directors do not recommend any dividend
for the year ended 30th September, 2000.
BOARD OF DIRECTORS
Shri D.K. Garg and Shri S.C. Jain, Directors of the Company retire by
rotation at the forthcoming Annual General Meeting of the Company and being
eligible offer themselves for re-appointment.
PARTICULARS OF EMPLOYEES
As per section 217 (2A) of the Companies Act, 1956 read with the Companies
(Disclosure of particulars in the report of Board of Directors) rules 1975
regarding employees, is not given as there are no employees covered under
the said provisions.
CONSERVATION OF ENERGY (Information required as per section 217 (1) (e))
Not applicable since the Company is not covered in schedule given rule (2)
of Companies (Disclosure of particulars in the report of Board of
Directors) Rules 1988.
DETAILS OF TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO - Nil
(Information required as per section 217 (1)(e))
The Company has neither invited nor accepted any Fixed Deposit to which
section 58-A of the Companies Act, 1956 applies.
M/s Singhal Gupta & Co., Chartered Accountants, Meerut, Auditors of the
Company retire at the conclusion of the forthcoming Annual General Meeting
and being eligible offer themselves for reappointment.
They have furnished certificate to the effect that reappointment, if made
will be in accordance with sub section (1B) of section 224 of the Companies
Your Directors would like to place on record their deep appreciation and
gratitude to the Company's members for their continued faith and confidence
reposed in the management of the Company.
Your Directors wish to thank and sincerely acknowledge the co-operation and
assistance extended by Company's Bankers, Government Authorities, other
Business Associates and the employees of the Company at all levels.
FOR & ON BEHALF OF THE BOARD
PLACE: MEERUT (D.K. GARG)
DATED: 28.12.2000 CHAIRMAN