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Oxemberg Apparels Ltd.

BSE: 503899 Sector: Industrials
NSE: N.A. ISIN Code: INE583O01018
BSE 05:30 | 01 Jan Oxemberg Apparels Ltd
NSE 05:30 | 01 Jan Oxemberg Apparels Ltd

Oxemberg Apparels Ltd. (OXEMBERGAPPAREL) - Director Report

Company director report

Annual Report 1998-99 HANUMAN FABRICS LIMITED DIRECTORS' REPORT TO The members, HANUMAN FABRICS LIMITED Your Directors have pleasure in presenting their 15th Annual Report and Audited Balance Sheet and Profit & Loss Account for the year ended 31st March, 1999. DIVIDEND Your Directors do not propose any dividend due to the smallness of the Profit during the year. DIRECTORS Shri. Madhusudan Lohia and Shri Vinod Kumar Poddar retire by rotation and being eligible offers themselves for reappointment. You are requested to consider their appointment. PUBLIC DEPOSITS The Company has not accepted any Deposits from Public during the year under report. PARTICULARS OF EMPLOYEES The information of Employees pursuant to Section 217(2A) of the Companies Act, 1956 is nil. CONSERVATION OF ENERGY The Company did not had any power consumption during the year. As such information regarding conservation of energy is not applicable. TECHNOLOGY ABSORPTION Nil. FOREIGN EXCHANGE EARNINGS Nil. FOREIGN EXCHANGE AND OUTGO Travelling Expenses Rs. 121141/- Professional Fees Rs. 368072/- Capital Goods Rs. 510488/- AUDITORS The Auditors of the Company M/s. B.L. Sarda & Co., Chartered Accountants, Mumbai retires at the conclusion of the current AGM and are being eligible for re-appointment. ACKNOWLEDGMENT The Directors record their appreciation of the co-operation from the Employees and Bankers during the year. YEAR 2000 PREPAREDNESS The Company do not have any processes functions, which could adversely affected due to year 2000 problem. The cost to the Company due to the year 2000 issues is negligible. The Company is fully prepared for the year 2000 problem and do not foresee any system breakdown/failure. FOR AND BEHALF OF THE BOARD FOR HANUMAN FABRICS LIMITED ARVIND KUMAR PODDAR CHAIRMAN Regd. Office 101, Shiv Shakti Industrial Complex, J.R. Boricha Marg, Lower Parel, Place : Mumbai 400 001 Dated : 31.5.1999