Energy Products (I) Ltd.
||Sector: Agri and agri inputs
||ISIN Code: INE718D01013
05:30 | 01 Jan
Energy Products (I) Ltd
05:30 | 01 Jan
Energy Products (I) Ltd
Energy Products (I) Ltd. (ENERGYPRODUCTS) - Director Report
Company director report
ENERGY PRODUCTS (INDIA) LIMITED
ANNUAL REPORT 2010-2011
The Members of
ENERGY (PRODUCTS (INDIA) LIMITED
Your directors have pleasure in presenting their 16th Annual Report and the
audited statement of accounts for the year ended on 31st March, 2011
together with the auditors report thereon. The directors give hereunder
their report with respect to the matters specified in section 217 of The
Companies Act 1956.
1. State of Affairs of The Company
During the year under review the company did not carried any business
operations. The administrative expenses during the year was Rs.421508.00.
As already informed the bankers have initiated recovery proceedings and
they have sold of the assets of the company. The directors however proposes
to restart the business activities once the bankers dues are settled. The
Directors are also making efforts to revoke suspension of trading in Shares
and have initiated action for payment of fees to Depositories.
2. Transfer to Reserves
The directors do not propose to transfer any amount to reserves.
Directors do not recommend any dividend for year ending 31.03.2011.
4. Material Changes affecting Financial Position of company after date of
balance Sheet. No material changes have occurred affecting financial
position of company after date of balance sheet.
5. Particulars of energy Conservation of Energy Etc.
A. CONSERVATION OF ENERGY
Energy conversation measures taken: None at present
Additional investment and proposals, if any, being implemented for
reduction of consumption of energy: There are no proposals.
Impact of measures at (a) & (b) above for reduction of energy consumption
and consequent impact on the cost of production of goods: Does not arise.
Total energy consumption and energy consumption per unit of production as
per Form'A' to annexure in respect of industries specified in the schedule
thereto: Not Applicable since company has not carried out any operations
during the year.
B. TECHNOLOGY ABSORPTION
Research & Development (R & D)
Specific area in which R & D carried by the company: None at Present
Benefits derived as a result of the above R & D: Does not arise.
Future plan of action: At present it is not under consideration
Expenditure on R & D: Nil
Technology absorption, adaptation and innovation:
Efforts being made towards technology absorption, adaptation and
Benefits derived as a result of the above efforts e.g. Product improvement
cost, reduction, product development, import substitution etc.: None
Imported technology: Not applicable as technology has not been imported.
C. FOREIGN EXCHANGE EARNING AND OUTGO:
Earning: Rs. Nil
Outgo : Rs. NIL
6. Information about employees
The company do not have any employee drawing salary in excess of limits
prescribed under section 217 (2a) of the companies act, 1956 read with the
companies (particulars of employees) rules 1975 the particulars should be
treated as nil
7. Directors responsibility statement Your Directors confirm that:
In the preparation of Annual Accounts, the applicable accounting standards
had been followed along with proper explanation relating to material
departures. The Directors had selected such accounting policies and applied
them consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the
company at the end of financial year and of the loss of the company for the
The directors has taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act, 1956 for safeguarding the assets of the company and for
preventing and detecting fraud and other irregularities, and
The directors had prepared the accounts on going concern basis.
8. Auditors Report
The directors are of opinion that the comments in the Auditors report are
self explanatory and do not call for any further explanation.
The Directors express their sincere thanks to all the individuals,
governments and other agencies who have given support and co operation
company for their continued support.
For & On Behalf of the Board of Directors
Date : 06th July, 2011
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