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Ebers Pharmaceuticals Ltd.

BSE: 507715 Sector: Health care
NSE: N.A. ISIN Code: INE669D01018
BSE 05:30 | 01 Jan Ebers Pharmaceuticals Ltd
NSE 05:30 | 01 Jan Ebers Pharmaceuticals Ltd

Ebers Pharmaceuticals Ltd. (EBERSPHARMA) - Director Report

Company director report

EBERS PHARMACEUTICALS LIMITED ANNUAL REPORT 2000-2001 DIRECTOR'S REPORT To the Members of Ebers Pharmaceuticals Limited Your Directors present the Twenty Second Annual Report of the Company together with the Audited Statement of Accounts for the year ended 31st March, 2001. OPERATIONS During the year, the Company achieved total income of Rs. 0 77 Lacs compared to loss of 3.48 lacs in Previous Year which is a indication of small improvement compare to Previous Year Since the Global financial conditions are still not improved the Exports and Local Market is heavily affected but Company is still trying and hopeful for better working in Current Year. DIRECTORS Mr Ashok Raval retires by rotation and being eligible, offers himself for re-appointment. Mr. Anuj Kumar Rathi and Mr. R. Goppu resigned from directorship with effect from 28.08 2001. The Board wish to place on record their sincere appreciation for guidance provided by them. AUDITORS M/s. J. D. Padwal & Co., Chartered Accountants retire at the ensuing Annual General Meeting and being eligible offers themselves for re-appointment. AUDITORS REPORT Pursuant to the provisions of Section 217(3) of the Companies Act, 1956 the explanations in respect of the observation made in the Auditors Report are as under: i) The management is making all efforts and is hopeful of recoveries and therefore no provision for doubtful debts have been made in respect of Sundry debtors and advances of Rs. 60.60 Lacs. ii) Suitable special resolutions pursuant to the requirement of Section 372A are proposed for the approval of the members of the Company at the ensuing Annual General Meeting. iii) Other observation made are self explanatory. PARTICULARS OF EMPLOYEES There are no employees whose particulars are required to be given under Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975. CONSERVATION OF ENERGY,TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO Information required to be given pursuant to Section 217(1)(e) read with Companies (Disclosure of Particulars in the report of the Board of Directors) Rules, 1988 are given in Annexure annexed to this report. ACKNOWLEDGEMENT Your Directors wish to place on record their appreciation and acknowledge with gratitude, the support and co-operation extended to the Company by the employees at all level, Bankers, the Central and State Governments and the Shareholders. For and on behalf of the Board of Directors S. M. PARANDE (Managing Director) Mumbai : 30.08.2001