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Natco Polyplast Ltd.

BSE: 526743 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Natco Polyplast Ltd
NSE 05:30 | 01 Jan Natco Polyplast Ltd

Natco Polyplast Ltd. (NATCOPOLYPLAST) - Director Report

Company director report

Natco Polyplast Ltd. DIRECTOR'S REPORT To The Members, The Directors have pleasure in presenting their Sixth Annual Report with the Audited Accounts for the year ended 31st March,2000. 1. Review of Operation The loss for the year after providing for depreciation but before taxation was Rs.8.44 Lacs as compared to profit of Rs. 0.89 lacs in the previous year as a result of decrease in sales and sharp rise in costs. 2. Income Tax Provision Income Tax provision has not been made as there is no tax liabilities. Dividend In view of loss for the year, the Board of Director regret their inability to recommanded any dividend. Directors Shri Deokaran K. Chaudhary, Director of the Company retires at the ensuing Annual General Meeting. He being eligible offer himself for reappointment. AUDITORS The terms of M/s. R. R. Tibrewal & Co. expire at the conclusion of ensuing Annual General Meeting and proposes their appointment as Auditors of the Company from the conclusion of the ensuing Annual General Meeting till the conclusion of next Annual General Meeting. Public Deposits The Company has not accepted any deposits during the year under review, within the meaning of Section 58A of the Companies Act, 1956. Particulars of Employee None of the employees is coming under the purview of Section 217 2(a) of the Companies Act, 1956 as amended by notification dtd. 12.03.1999. Auditors Report Notes to the accounts reffered to in the Auditors Reports is self explanatory and hence no further comments are called for. Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo The information 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 is given in the Annexure forming part of this report. Acknowledgement The Company is thankful to its large number of Shareholders, bankers, clients, professional colleagues, well wishers and employees. For and on Behalf of Board Place: Ahmedabad Sajjan K. Chaudhary Date : 04.09.2000. Chairman. ANNEXURE 'A' TO DIRECTOR'S REPORT The Companies (Disclosure of Particulars in the Report of Board of Directors) Rules,1988. A. Conversation of Energy. 1. The Company has taken energy conversation measures. Systems are in force to closely monitor energy usage. C. Research and Development (R & D) N.A. 1. Area in which R & D carried out by the Company 2. Benefits derived as a result of the above R & D 3. Future plan for action 4. Expenditure on R & D Nil (a) Capital (b) Recurring (c) Total (d) Total R & D Expenditure as a percentage of total turnover D. Technology absorption adaptation and innovation N.A 1. Efforts, in brief! made towards technology absorption, adaption and innovation 2. Benefits derived as a result of the above efforts, e.g. product improvement, cost reduction, product development, import substitution 3. In case of imported technology(imported during the last 5 year reckoned from the beginning of the financial year), following information may be furnished: (a) Technology imported (b) Year of import (c) Has technology been fully absorbed? (d) If not fully, absorbed, areas where this has not taken place, reasons therefore and future plans of action. FOREIGN EXCHANGE EARNINGS AND OUTGO Foreign Exchange earnings Rs. Nil Foreign Exchange Outgo Rs. Nil