TRANS AGROTECH LIMITED
To the Members,
Your Directors are pleased to present their Fourth Annual report together
with the Audited statement of Accounts for the year ended 31st December
During the year under review the company processed 221.106 (183 .487) m.t.
of precooled fruits and vegetables. The Company has sold 221.106 m.t. (P.
Y. 183.487) of the finished products for the value of Rs. 93,12,552 an
earned Rs. 83,47,248/- as service charges. The Company has earned a net
profit of Rs. 14,90,230/- and the same has been carried over to Balance
The Company has an Agreement with Hindustan Lever Ltd for handling clearing
and forwarding of their "WALLS" RANGE OF Frozen Desserts from Nasik. Your
Company is expected to do better during the current year as the company has
put up a new plant for processing pulps etc.
The Board has not recommended any dividend during the period under review
due to inadequacy of profits. However the company is expected to do better
during the current year.
Mrs. Sujata A. Agarwal and Mr. Ashok Rungta, the Directors of the company
retire at the ensuing Annual General Meeting of the Company. Being eligible
they offer themselves for reappointment. The Board recommends their
All the assets of the company are adequately insured.
COMPLIANCE WITH Y2K PROBLEM
The Company is already Y2K compliant. It is well prepared to face the
challenge in the millennium.
PARTICULARS OF EMPLOYEES
None of the employees of the company has drawn remuneration of Rs.
3,00,000/- per annum during the whole of the year or Rs. 25,000/- p.m.
during the part of the year.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS
The particulars required to be given under Clauses (A) and (B) of the
Companies (Disclosure of particulars in the report of Board of Directors )
Rules 1988 are insignificant as commercial production has commenced during
the period under review and therefore not furnished.
Foreign Exchange Earnings and outgo :
Foreign Exchange earned Rs. NIL.
Foreign Exchange incurred Rs. NIL.
The Board of directors records its appreciation of the Cooperation extended
to the Company by the Shareholders, Government, Banks, Financial
Institutions, Creditors, Customers, Employees and others.
M/s. Moledina Mukadam & Associates, Chartered Accountants, Bombay, the
Auditors of the Company retires at the ensuing Annual General Meeting of
the members of the Company. Being eligible, they offer themselves for
For and on behalf of the Board
Place : Mumbai A. M. AGARWAL
Date : 02-06-99 Chairman