JYOTI POLYVlNYL LIMITED
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.
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.
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.
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.
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
On behalf of the Board
Ashok Kumar Jain
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
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
g) total foreign exchange used Nil US$ 42187.50
h) total foreign exchange earned Nil Nil
On behalf of the Board
Ashok Kumar Jain
Place : 12, GIDC, Por Ramangamdi
Dist. Baroda - 391 243
Date : 30th June, 1998