GODAVARI CERAMICS LIMITED
Your Directors present herewith their 10th Annual Report together with
Audited Accounts of the Company for the Year ended 31st March. 1995.
Your Company Management is continuing its efforts for its Revival Plan.
In this connection your promoters have agreed to bring in, an amount of Rs.
45.00 Lakhs for a suitable Rehabilitation in Package. We are awaiting the
decisions of IFCI and BIFR in this regard.
The Company has not accepted any deposits from the Public during the year.
Sri. A.N. Sarin, Smt. M. Lakshmi Kumari retires by rotation, being eligible
offer themselves for re- appointment.
M/s. G.P.RAO & CO., Auditors of the Company will held office till the
conclusion of the ensuing Annual General Meeting and are eligible for re-
The Company has received a certificate from the auditors to effect that
their re-appointment if made would be within the prescribed limits under
section 224 (1) of Companies Act, 1956.
The Particulars required to be disclosed under the Companies (Disclosure of
Particulars in the Report of the Board of Directors) Rules, 1988, regarding
conservation energy, etc. are detailed in Annexure A to this report.
The Company does not have any employee in receipt of a remuneration
exceeding Rs. 1,44,000/-per annum or Rs.12,000/- per mensum. Hence, the
statement under Sec.217 (2A) of the Companies Act, 1956 read with Company
(Particulars of employees Rules, 1975 is not furnished.
Your Directors take this opportunity to acknowledge with gratitude the
continuous help and co- operation received from BIFR, Financial
Institutions, IFCI, IDBI and ICICI and Company's Bankers, State Bank of
ANNEXURE TO THE DIRECTORS' REPORT
In terms of Section 217 (1) of the Companies Act., 1956 (as amended) and
the Companies (disclosure of particulars in the Report of the Board of
Directors) Rule, 1988, your Directors furnish the additional informations
A. CONSERVATION OF ENERGY:
a) Energy conversation measures taken:
B. TECHNOLOGY ABSORBTION, ADOPTATION AND INNOVATION
Effects in brief made towards technology absorption, adoption and
2. Benefit derived as a result of the above efforts eg: product
improvement, cost reduction, product development, import substitution etc.
3. In case of imported technology (Imported during last 5 years reckoned
from the beginning of the financial year) following information may be
b) Year of import: 1988
c) Has technology been fully absorbed: Yes
d) If not fully absorbed areas where this has not:Not applicable
taken place, reasons therefore and future
plans of action.
e) Foreign exchange earning and out go :Nil
i) The foreign exchange earnings:
ii) Foreign exchange out go for import of capital
goods for import of colourants.
The shuttle kiln and tunnel kiln are provided with ceramic fibre lining
which saves fuel consumption. Engery conservation is an on going activity
in the unit and is closely monitared for reduction.
The company importated designs and drawings from M/s Helmsoth Keramische
often GMBK, West Germany for indegenous manufacture of tunnel kiln
equipments. The company has suitably designed the equipments and modified
the designs to suit its requirements.
The company was able to save substantially by indegeneously manufacturing
the tunnel klin equipments after obtaining the designs and drawings from
M/s. Helmsoth. The company could also reduce the import component
substantially by importing the designs.
The company does not have any foreign collaboration. However the company
has a tripartitle agreement with M/s. Helmsoth and M/s Agrob for obtaining
basic information for the project, for glaze and body composition etc., and
the company has implented the same after obtaining the engineering and
For and on behalf of Boards of Directors
Place : Hyderabad
Dated : 7th December, 1995