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Indo Britain Agro Farms Ltd.

BSE: 530911 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE145C01011
BSE 05:30 | 01 Jan Indo Britain Agro Farms Ltd
NSE 05:30 | 01 Jan Indo Britain Agro Farms Ltd

Indo Britain Agro Farms Ltd. (INDOBRITAGRO) - Director Report

Company director report

INDO BRITAIN AGRO FARMS LIMITED ANNUAL REPORT 2000-2001 DIRECTORS' REPORT Dear Shareholders, The Directors of your Company have pleasure in presenting their 7th Annual Report together with the Audited Statements of Account for the period ended on 31st March, 2001. 1. DIVIDEND In view of low profits not made by Company during year under review, your Directors have not recommended any dividend. 2. DEPOSITS The Company has not accepted any fixed deposits from the public during the year under review. 3. DIRECTORS Sh. S.P. Sharma and Sh. F. C. Sinha, Directors of the Company retire by rotation at the ensuing Annual General Meeting and being eligible, offer themselves for reappointment. 4. AUDITORS M/s M.K.G. Associates, Chartered Accountants Auditors' of the Company retire at the conclusion of ensuing Annual General Meeting & eligible, offer themselves for reappointment. 5. CONSERVATION OF ENERGY & TECHNOLOGY Steps ar a being taken to conserve energy by installing to capacitors and insulating of Plant. Research activities are also under progress for generating bio-gas from the waste compost. Company is modifying air conditioning system to reduce power cost. Also by increasing cropping area per growing hall to enhance production per growing chamber. 6. PARTICULARS AS PER SECTION 217(2A) OF THE COMPANIES ACT, 1956. Information as per Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 has not been provided as none of the employees is covered under the provisions of the said Section. 7. FOREIGN EXCHANGE EARNINGS & OUTGO During the period under review the company has neither incurred any expenditure in foreign exchange nor any. income has been earned in foreign exchange. 8. ACKNOWLEDGMENT Your Directors would like to express their grateful appreciation for the Cooperation and Assistance received from the Bankers of the company, its Investors and shareholders. Your directors wish to place on record their deep sense of appreciation for the devoted services of the executives, staff and workers of the Company. FOR & ON BEHALF OF THE BOARD (OM PRAKASH AGGARWAL) CHAIRMAN & MANAGING DIRECTOR PLACE: HISAR DATED: October 19, 2001