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Tejoomals Industries Ltd.

BSE: 526566 Sector: Others
NSE: N.A. ISIN Code: N.A.
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Tejoomals Industries Ltd. (TEJOOMALSINDS) - Director Report

Company director report

1996 TEJOOMALS' INDUSTRIES LIMITED DIRECTORS' REPORT Your Directors have pleasure in presenting their Fifth Annual Report together with the Audited Accounts of the Company for the year ended 31st March, 1996. 1. Operations : Inspite of depressed market conditions the Sales during the year were marginally increased to Rs.19.49 crores as against Rs. 18.38 crores for the previous year and your Directors are hopeful for achieving good results for 1996-97. 2. Projection/s Actuals : The profitability projections for the year ended 31st March, 1996 as per the Prospectus dated 23rd May, 1994 for Public Issue of Equity Shares and the actuals against the same are compared below. Description Projections for the Actual for the Year 95-96 Year 95-96 (Rupees in lacs) (Rupees in lacs) Sales 2339.07 1949.20 Net Profit after Tax 525.72 91.13 3. Directors : During the year under review Mr. Raju H. Mahtani retires by rotation and the Board recommends for his re-appointment. 4. Conservation of Energy, Technology, Absorption and Foreign Exchange Earnings and Outgo Information in accordance with the provision of Section 217(1) (E) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988 is given in the statement annexed (Annexure) hereto forming part of the report. 5. Fixed Deposits : The Company has not accepted any Fixed Deposits from the public during the year. 6. Auditors : M/s. Sen & Khan, Chartered Accountants, Auditors of the company hold office, until the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Board of Directors recommend their re- appointment. 7. Particulars of Employees : There were no employees who were covered under the provisions of section 217(2A) of the Companies Act, 1956 read with the companies & particulars of Employees Rule 1975. 8. Acknowledgment The Directors place on record their appreciation of the co-operation and efforts put in by the employees and assistance received from Company's Bankers, Local Bodies and other Govt. Authorities. ANNEXURE TO THE DIRECTORS REPORT The Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 : A) Conservation of Energy : The Company has not taken special measures for conservation of energy as it does not require substantial power for the production. B) Technology Absorption : Your Company has its own technology for production. Your Company has its own R&D Cell for designing and planning of its products which will help your Company to remain stable and grow in the highly competitive market by adoption changes in fashions, tastes and designs. C) Foreign Exchange Earnings and outgo : ( crores) a) Foreign Exchange Earnings : on Account of Export Sales (FOB value) 5.10 Others -- b) Foreign Exchange outgo on Capital Account (CIF) -- On Materials (CIF) 1.95 on Expenses -- For TEJOOMALS' INDUSTRIES LIMITED Mahindra H. Mahtani Jt. Managing Director Place : Mumbai, Dated : 21st August, 1996.