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Mothercare (India) Ltd.

BSE: 523238 Sector: Others
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Mothercare (India) Ltd
NSE 05:30 | 01 Jan Mothercare (India) Ltd

Mothercare (India) Ltd. (MOTHERCAREINDIA) - Director Report

Company director report

1996 MOTHERCARE INDIA LIMITED DIRECTORS' REPORT The Directors have pleasure in presenting their Eighth Annual Report together with the Audited Statements of Accounts for the year ended March 31, 1995. EXPORTS The Company has been successful in their exports and the export for this year amounted to Rs. 21.44,700. DIRECTORS Directors Mr. Prakash Ahuja and Mr. R. Kannan retire by rotation in accordance with the provisions of the Companies Act, 1956 and the Articles of Association, and are eligible for reappointment. PERSONNEL The Company had harmonious personnel relation during the period under report. DEPOSITS The Company has deposits within the limits prescribed under section 58A of the Companies Act, 1956. PARTICULARS REQUIRED TO BE FURNISHED BY THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF THE BOARD OF DIRECTORS) RULES 1988: 1. Part A: The energy conservation drive has been taken up as continuous programme Part B: Company is using indigenous technology. 2. Earning in foreign exchange during the year under review amounted to Rs. 21,44,700 and exchange outgo amount to Rs. -NIL-. AUDITORS You are requested to appoint Auditors for the current year to hold office from the conclusion of the forthcoming Annual General Meeting until the conclusion of the next Annual General Meeting and to fix their remuneration. M/s. M.K. Dandekar & Co., Chartered Accountants, the retiring Auditors of the Company have expressed their willingness to be reappointed. Comments of the auditor are covered in the Notes on accounts, which are self explanatory. ACKNOWLEDGEMENTS Your directors wish to place on record their sincere appreciation for the cooperation received from the company's shareholders, vendors and customers For and on behalf of the Board of Directors PRAKASH AHUJA Chairman & Managing Director. Place : Bangalore Dated : 7th August, 1996.