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Stotz Blacksmiths Ltd.

BSE: 532115 Sector: Engineering
NSE: N.A. ISIN Code: INE485F01014
BSE 05:30 | 01 Jan Stotz Blacksmiths Ltd
NSE 05:30 | 01 Jan Stotz Blacksmiths Ltd

Stotz Blacksmiths Ltd. (STOTZBLACKSMITH) - Director Report

Company director report

STOTZ - BLACKSMITHS LTD. ANNUAL REPORT 1998-99 REPORT OF THE DIRECTOR'S TO THE MEMBERS: Your directors are pleased to submit their thirteenth Annual Report together with the audited statement at accounts for year ended on 31st Ma 1999 DIVIDENDS In view of inadequate profit for the year under report your directors do to not recommend any dividend. DIRECTORS In accordance with the provision of the Companies Act 1956 Dr.Swaran Arora and Dr. T Krishnamurthy retire by rotation and are eligible for re- appointment The resolutions pertaining to their re-appointment is put up for your approval AUDITORS M/s. I. G. Modi & Co. Chartered Accountants. Mumbai retire at the conclusion of the ensuing Annual General Meeting and are eligible to re- appointment as Auditors. EMPLOYEE RELATIONS Your directors place on record their appreciation for the dedicated services rendered by the employees at all levels in realising the objectives of the company. Information on particulars of the Employees Remuneration as per Section 217t2A) of The Companies Act. 1956 read with. The companies (particular & employees) rules 197S has been not furnished since no employees received the remuneration beyond the limits specified therein. CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION ND FOREIGN EXCHANGE EARNINGS AND OUTGO. a) Conservation of the energy and technology absorption. The company operation involve very low energy consumption wherever possible energy conservation measured have been implemented and there are no further areas where energy conservation measures can he taken b) Foreign Exchange Earning Outgoing The company has not earned foreign exchange or outgoing ACKNOWLEDGEMENT Your Board would like to place on records its Sincere appreciation for the whole hearted support and Contribution made to all its employees from across the company as well as various financial Institutions, Boards, Supplies and other business associates towards the conduct of the efficient operation of your company. PLACE : MUMBAI By Order of the Board (S. M. KHURANA) DATED : CHAIRMAN