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J M D Alloys Ltd.

BSE: 531765 Sector: Metals & Mining
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan J M D Alloys Ltd
NSE 05:30 | 01 Jan J M D Alloys Ltd

J M D Alloys Ltd. (JMDALLOYS) - Director Report

Company director report

JMD ALLOYS LIMITED ANNUAL REPORT 1999-2000 DIRECTORS' REPORT To, The Members of Your Directors have the pleasure in presenting the 6th Annual Report together with the Audited Statement of Accounts for the year ended on 31 st March, 2000. Review of operations and financial results The total income for the year was Rs.84707489.60. The company earned a net loss of Rs.24752297.55 after charging depreciation Rs. 8462342.00. Your directors are hopeful of better results in the forthcoming years. Board of Directors There has been no change during the year in the constitution of the Board of Directors of the Company. Particulars of Employees There is no employee in respect of whom particulars pursuant to Section 217(2A) of the Companies Act, 1956 are required to be given. Auditors M/s. Sunil Banka & Associates, Chartered Accountants retire at the conclusion of the ensuing Annual General Meeting of the Company & being eligible offer themselves for being re-appointed. Conservation of Energy, Technology absorption. Foreign Exchange earnings and outgo. a) Conservation of energy Details of conservation of energy pursuant to Section 217(1) (e) of the Companies Act, 1956 read with Companies (Disclosure of particulars in the report of Board of Directors) Rules, 1988 are as under :- It is to be noted that priority is continuously being accorded to the matter of closely monitoring the consumption of power with the object of conservation of energy. The company is taking reasonable steps to achieve this. 1) Technology absorption No technology has been absorbed or imported by the company. 2) Foreign exchange earnings and outgo There were no foreign exchange earnings and outgo during the year. Y2K Compliance The company has been cognisant of the Y2K issue for quite sometime and has planned and taker appropriate and effective steps to address it. It has become Y2K compliant in the current financial year Besides, there are contingency plans to ensure continuity of its operations without disruption, in case of any unlikely events. Acknowledgments Your Directors acknowledge the trust reposed in your company by its Shareholders, Bankers, Business Associates and Clients. Your Directors place on record their sincere appreciation of the valuable contribution made by the staff members of the company. For On behalf of the Board Sd/- Place: Patna (Sanday Gupta) Date: 5th day of September, 2000 Executive Director.