NILSIN ULTRACHEM LIMITED
Your Directors have pleasure in presenting to you the Sixth Annual Report
together with the Audited Accounts for the year ended 31/03/1995.
Your Directors do not recommend any dividend.
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.
"Shri Jigar D. Dhabalia & Shri Vishwanath Agrawal are retiring by rotation
& being eligible, offers themselves for re-appointment.
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.
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
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
Place : Ahmedabad,
Dated : 27th October, 1995.