Hansaflon Plasto Chem Ltd.
||ISIN Code: N.A.
05:30 | 01 Jan
Hansaflon Plasto Chem Ltd
05:30 | 01 Jan
Hansaflon Plasto Chem Ltd
Hansaflon Plasto Chem Ltd. (HANSAFLONPLASTO) - Director Report
Company director report
HANSAFLON PLASTO CHEM LIMITED
ANNUAL REPORT 2006-2007
Your Directors have the pleasure in presenting the Sixteenth Annual Report
and that of the Auditors together with the audited Balance Sheet as at 31st
March 2007 and the Profit and Loss account for the year ended on that date.
Rs. IN LACS
Particular Year Ended Year Ended
1. Sales/Income from Operation 1856.54 278.85
and Other Income
2. Total Expenditure 739.16 227.43
3. Tax 0.06 0.05
4. Net Profit 1117.32 51.37
COURSE OF BUSINESS AND OUTLOOK
During the year company has progressed well and is on the verge of coming
out of sickness and will be on the path of becoming a profitable company.
The board of directors have plans for the year which will increase the
turnover of the company and in turn will improve profitability of the
company as well.
However, there are great challenges ahead not only for your company but for
the industry as a whole. With the continued confidence of all our
associates, we will aggressively meet those challenges with renewed faith
in our company and the future that we all share.
The Company has not accepted any fixed deposit during the year.
Mrs. Rajni Aggarwal, Director of the Company retires at ensuing Annual
General Meeting and being eligible, offer herself for re-appointment. The
Board recommends her appointment.
M/s. Alok Mittal & Associates, statutory Auditors of the company retire at
the conclusion of the ensuing Annual General Meeting and are being eligible
for re-appointment. Accordingly a resolution is being submitted to the
members for their re-appointment and to fix their remuneration for the
current year. The Board recommends their re-appointment.
Foreign Exchange earning and outgo: The total foreign exchange outgo during
the year was Rs. Nil towards the import of raw materials, components and
traveling. During the year the foreign exchange earning were nil.
DIRECTORS RESPONSIBILITY STATEMENT
Directors hereby declare:
1. that in the preparation of the annual accounts, the applicable
accounting standards have been followed along with proper explanation
relating to material departures.
2. that the directors have 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 the financial year and of the profit or loss of the
Company for that period.
3. that the directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with provisions of
this Act for safeguarding the assets of the Company and for preventing and
detecting fraud and other irregularities subject to the inherent
limitations that should be recognized in weighing the assurance;
4. The directors have prepared the annual accounts on a going concern
Employee relations throughout the company were harmonious. The board wishes
to place on record its sincere appreciation of the devoted efforts of all
employees in advancing the company's vision and strategy to deliver another
It comprises of Mr. Vinod Pant & Mr. Rajeev S. Aggarwal Directors of the
Company. The audit committee shall meet at least thrice a year. One meeting
shall be held before finalization of annual accounts and one every six
LISTING OF EQUITY SHARES
Shares of your Company are listed on the Mumbai Stock Exchange.
Your Directors would like to express their grateful appreciation for the
support and co-operation of all the shareholders. On behalf of all the
company's stakeholders who benefit from the hard work of the employees and
continued assistance received from various state and central government
authorities, financial institutions and banks.
On behalf of the Board of Directors
RAJEEV S. AGGARWAL
Place : New Delhi
Date : 28.08.07
Quick Links for Hansaflon Plasto Chem: