SAATAL KATTHA & CHEMICALS LIMITED
ANNUAL REPORT 1999-2000
REPORT TO THE MEMBERS
Your Directors have pleasure in presenting the 20th Annual Report and the
Audited Accounts for the year ended 31st March, 2000:
In view of inadequacy of profit, your directors do not recommend the
dividend for the year.
Your Company's Shares are listed in the Stock Exchanges of Indore, Bombay,
Calcutta, Madras & Ahmadabad. Regarding listing at stock exchange at Delhi
the company has filed L.P.A. before the H'ble High Court of M.P.bench at
Indore against the judgement and order of the H'ble single judge of this
High Court dt.19.3.98, in the matter of order passed by Securities &
Exchange Board of India [SEBI] against the appeal of the company filed U/s
22 of SCR Act,1956. The matter is pending for decision by the H'ble High
Court. The Company has made no default in the payment of the Listing Fee.
In accordance with the provisions of the Companies Act, 1956 and the
Articles of Association of the Company, Mr. P.D. Rathi and Mr.R.M. Satal
retire by rotation and being eligible offer themselves for re-appointment.
5. AUDITOR'S REPORT:
The notes on accounts, refered to in the Auditor's Report,are self
explanatory and therefore,do not call for any further comments on the
Auditor's Report U/s 217 (3) of the Companies Act,1956.
M/s. Sodani & Company,Chartered Accountants, Ujjain, Auditors of the
Company ceases to hold their office as Auditors at the end of this Annual
General Meeting and being eligible, offer themselves for re-appointment for
the year 2000- 2001.
7. FIXED DEPOSITS:
The Company has not offered for acceptance of deposits during the year
under review .
8. Y2K COMPLIANCE:
The Company has achieved Y2K compliance with no disruption in any of its
9. INDUSTRIAL RELATIONS:
The relations between the Management, Employees and Workers continue to be
10. PARTICULARS OF EMPLOYEES:
As required under sub-section 2A of Section 217 of the Companies Act, 1956
read with the Companies (Particulars of Employees)Rules 1975 there is no
such employees who were in receipt of remuneration of not less than Rupees
Fifty Thousand per month, if employed for part of the financial year or
Rupees Six Lacs per financial year, if employed throughout the financial
11. ANNEXURE TO THE DIRECTORS' REPORT
Information under section 217 (1) (e) of the Companies Act, 1956 read with
Companies (Disclosure of Particulars in the Report of the Board of
Directors) Rules,1988 and forming part of the Directors' Report for the
year ended 31st March, 2000 are as under :-
(A) CONSERVATION ENERGY
The Company has been continuously making efforts through its dedicated team
to achieve high productivity and efficiency.
a) Energy conservation measures taken : NIL
b) AdditionaL investments and schemes being implemented : NIL
c) Impact of measures (a) & (b) above : N.A.
(B) TECHNOLOGY ABSORPTION
RESEARCH & DEVELOPMENT:
a) Specific areas in which R&D carried out by the Company:
Development activities of the Company are directed towards quality
improvement and reduction of production cycle.
b) Benefits derived as a result of the above R&D
The results of quality improvement measures and reduction of production
cycle was very enthuastic during the year.
c) Future plan of action:
To continue R&D work on the above areas.
2. TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION:
a) Efforts in brief & benefits derived:
Continuous efforts are being made to adopt modern technology resulting to
this productivity & quantity of the products improved.
b) Details of technology imported during the past 5 years:
b) Year of import
c) Has technology
absorbed? No technology
past 5 years.
d) If not fully
areas where this has
(C) FOREIGN EXCHANGE EARNINGS AND OUTGO:
Activities relating to exports:
The company is exporting cutch to Neighbouring countries.
Your Directors would like to place on record their sincere gratitude to the
shareholders, Bankers, Business Associates, Pan Masala Manufacturers,
Forest Department of Government of Madhya Pradesh and Customers both
Domestic & Overseas for their continued support and faith in the company.
Your Director are also happy to place on record their appreciation for the
wholehearted co-operation, commitment and contribution made by all the
staff members of "SAATAL" family and look forward to their continued
By order of the Board
For SAATAL KATTHA & CHEMICALS LTD.
Place: Indore (H.C. RATHI)
Dated: 31/07/2000. Managing Director