SAMANA STEELS LIMITED
Your Directors are pleased to present the Eleventh Annual Report alongwith
Audited Statement of Accounts for the year ended on 30th June, 1998 .
During the year, the Company produced 15309.98 MTs. of ERW G.I.Pipes &
14656.765 Mts. of ERW Black Pipes.
The Company has manufactured the ERW GI Pipes under the Trade name " INDIA
GOLD" &"BINDAL" .The products of the company have been well accepted by the
customers all over India and abroad.
The Company has not accepted any deposits from public during the year under
During the year under report Shri H.S.Arora, Director has resigned. The
Board place on record the valuable guidance and advice rendered by Shri
Arora during his tenure as director. The Company has immensely benefited by
his valuable guidance during the period.
The Auditors M/s Bhushan Aggarwal & Co. Ludhiana of the Company who retire
at the conclusion of this Annual General Meeting and being eligible, offer
themselves for re-appointment .They have furnished a certificate to the
effect that their appointment if made will be in accordance with Sub-
section (IB) of Section 224 of the Companies Act,1956 .
INFORMATION AS PER SECTION 217(1)(e) READ WITH COMPANIES (DISCLOSURE OF
PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS) RULES,1988 AND FORMING
PART OF THE DIRECTORS REPORT FOR THE YEAR ENDED 30TH JUNE, 1998 .
1. CONSERVATION OF ENERGY
a) Energy Conservation measures taken N.A. N.A.
b) Additional investments and proposals,
if any being implemented for reduction
of consumption of energy. No No
c) Impact of the measure at (a) & (b) for
reduction of energy consumption and
consequent impact on the cost of prod
action of goods. N.A. N.A.
d) Total energy consumption and energy
consequent per unit of production as
per Form ' A' of the Annexure to the
Rules in respect of industries speci-
fied in the schedule thereto.
II FOREIGN EXCHANGE EARNINGS AND OUTGO
A) Activities relating to export,initiatives N.A. N.A.
taken to increase exports developments of
new export markets for products and services
and export plans.
B) Total Foreign Exchange used and earned
Used NIL NIL
Earned NIL NIL
for and on behalf of the Board
Chairman Cum MD
Place : Samana
Dated : 02.12.1998