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Jyoti Poly Vinyl Ltd.

BSE: 531623 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Jyoti Poly Vinyl Ltd
NSE 05:30 | 01 Jan Jyoti Poly Vinyl Ltd

Jyoti Poly Vinyl Ltd. (JYOTIPOLYVINYL) - Director Report

Company director report

JYOTI POLYVlNYL LIMITED DIRECTORS' REPORT Dear Members, Your Directors hereby present the 6th Annual Report together with the Audited statement c account for the year ended on 3 1 st March 1 998. 1. DIVIDEND: Your Directors do not recommend any dividend for the year ended 3 1.3.93 2. PUBLIC DEPOSIT: The company has not accepted any deposit U/S 58 A of the Companies Act, 1 956 during the year under report. 3. DIRECTORS Shri Ashok Kumar Jain Director shall retire by rotation at the ensuing annual general meeting and being eligible offers himself for reappointment. The company has received notice U/S 257 of the Companies Act, 1956 to appoint Mr. Yogesh Shah as Director of the company at the ensuing annual general meeting of the company. 4. AUDITORS: M/s. Mahajan & Co., Chartered Accountants, Auditors of the company retire at the ensuing annual general meeting and are eligible for reappointment. 5. AUDITORS' REPORT The observation of the auditors are explained wherever necessary by way of appropriate notes to the accounts. 6 PARTICULARS OF EMPLOYEES: Information in accordance with the provisions of section 217(2A] of the Companies Act, '1956 read with the Companies (Particulars of Employees) Rule, 1975 as amended regarding employees 7. PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE INCOME AND OUTGO Information in accordance with the provision of section 217(1E) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 is as per Annexure - A. 8. DELISTING OF SHARES Equity shares in your company were listed at Vadodara, Mumbai, Delhi and Ahmedabad Stock Exchange in 1996 with the intention to have liquidity to the investor at various places. However, since last few years shares in your company have not been traded/not been traded frequently at Ahmedabad Stock Exchange. Your Directors have, therefore, decided to delist the shares in your company from the Ahmedabad Stock Exchange as per the Guidelines issued by the Securities And Exchange Board of India and the concerned Stock Exchange. However, the equity shares listed at Regional Stock Exchange at Vadodara, Delhi and Mumbai Stock Exchange will continue to be enlisted to provide liquidity to the investors. Your company has paid annual listing fee to the Stock Exchange from time to time except Ahmedabad Stock Exchange. 9. ACKNOWLEDGEMENT: Your Directors convey their deep sense of gratitude to the employees of the company and the Company's Banker-Bank Of Baroda, GIIC and Suppliers of the Company. On behalf of the Board Ashok Kumar Jain CHAIRMAN Place : 12, GIDC, Por-Ramangamdi, Dist : Baroda - 391243. Date : 30th June. 1998 ANNEXURE TO DIRECTORS' REPORT ANNEXURE - A Statement of Particulars under the Companies (Disclosure of Particulars in the report of Board of Directors ) Rule, 1998. A. CONSERVATION OF ENERGY a) energy conservation measures taken : Nil b) additional investments and proposals, if any, being implemented for reduction of consumption of energy : Nil c) impact of the measures at a] and b) above : for reduction of energy consumption and consequent impact on the cost of production of goods: N.A. d) total energy consumption and energy consumption per unit of production as per Form A: N.A. B. TECHNOLOGY ABSORPTION: e) efforts made in technology absorption is given hereunder: Research and development (R & D) 1. Specific area in which R & D carried out by the company. : Nil 2. Benefits derived as a result of above R & D : Nil 3. Future plan of action : Nil 4. Expenditure on R & D : Nil a Capital : Nil b Recurring : Nil c Total : Nil d) Total R & D expenditure : Nil as a percentage of total turnover TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION 1. Efforts in brief, mad towards : Nil technology absorption, adaptation and innovation. 2. Benefits derived as a results of the above efforts, e.g. product improvement,cost reduction, product development, import substitution etc. : Nil 3. In case of imported technology: (a) Technology imported : Nil b) Year of import : Nil c) Has technology been fully absorbed? : Nil d) If not fully absorbed, areas where this has not taken place, reasons therefore and future plans of action : Nil C. FOREIGN EXCHANGE EARNINGS OUTGO f) activities relating to exports : Nil 1997-98 1996-97 g) total foreign exchange used Nil US$ 42187.50 (Rs. 14,48,477.00) h) total foreign exchange earned Nil Nil On behalf of the Board Ashok Kumar Jain Chairman Place : 12, GIDC, Por Ramangamdi Dist. Baroda - 391 243 Date : 30th June, 1998