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Nilsin Ultrachem Ltd.

BSE: 526183 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Nilsin Ultrachem Ltd
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Nilsin Ultrachem Ltd. (NILSINULTRACHEM) - Director Report

Company director report

1995 NILSIN ULTRACHEM LIMITED DIRECTOR'S REPORT Your Directors have pleasure in presenting to you the Sixth Annual Report together with the Audited Accounts for the year ended 31/03/1995. DIVIDEND Your Directors do not recommend any dividend. FUTURE PROSPECTS The Company's products has been accepted will in the domestic as well as overseas markets and your Directors expect to mountain satisfactory progress in the coming year also. DIRECTORS "Shri Jigar D. Dhabalia & Shri Vishwanath Agrawal are retiring by rotation & being eligible, offers themselves for re-appointment. AUDITORS M/s SANJAY B. SHAH & CO. As retires at the ensuing annual General Meeting and are eligible for re-appointment. PARTICULARS OF EMPLOYEES There was no employee of the company who was employed throughout financial period and was in receipt of remuneration aggregating to not less Rs. 1,44,000.00 per annum or who was employed for a part of the financial period and was in receipt of remuneration of Rs. 12000.00 per month. SECTION 217 (1) (e) OF THE COMPANIES ACT 1956 : As required under Section 217 (1) (e) of the Companies Act, 1956 necessary information is given in Annexure to the Directors Report. ACKNOWLEDGEMENT Your Directors place on record the appreciation for the sincere efforts and active involvement of the staff and officers of the Company. The Directors also place on record the appreciation for the support received from the State Bank of India, Ahmedabad during the year under report. ANNEXURE TO DIRECTOR'S REPORT Energy Conservation Your Company is Energy oriented. The Energy Components are Electricity & Firewood. All efforts are being taken to ensure efficient use of energy and to create an awareness of energy conservation around. POWER & FUEL CONSUMPTION Unit Units Amount Amount Current Previous Current Previous (i) Electricity 226090 201473 6.51 4.82 (ii) Firewood 862 M.T. 1080 M.T. 5.93 8.18 RESEARCH & DEVELOPMENT (A) Specific areas which R & D carried out by the Company: The Company has ventured into developing special quality of Ultramaine Blue for Industrial use i.e. in plastic paints and allied product. (B) Benefits desired as a result of the above R&D : Because of above R&D the Company expects additional market for Ultramarine Blue over and above laundry grade market. (C) Future plans of Action : Constant R&D in respect of improving upon the quality of the product of the Company. TECHNOLOGY ABSORPTION ADOPTION AND INNOVATION : (A) Effort made towards Technology Absorption, Adoption and Innovation : The Technology adopted by the Company is the effort of inhouse R&D. The Company is updating the process adopted for production by constant research and development. (B) Benefits derived as a result of the above effort : The Company could produce quality ultramarine blue by adopting the process developed by inhouse R&D. (C) Information relating to the Technology imported during the 5 years: The Company has not imported any process knowhow technology so far. POLLUTION CONTROL : The Company is having own Pollution Control Plants both for Air and Water which are as per the norms specified by Pollution Control Board. The Pollution level was controlled effectively during the year. FOREIGN EXCHANGE EARNING & OUTGO : The Company has earned foreign Exchange NIL and expended Rs. NIL in foreign Currency. DWARKADAS DHABALIA Chairman Place : Ahmedabad, Dated : 27th October, 1995.