TRANS TECHNO FOODS LIMITED
The Directors are pleased to submit Second Annual Report and Audited
Statement of Account for the year ended 31st March, 1996
Your Directors do not recommend any dividend for the year.
During the year the Company has earned the income of Rs.11,58,740/- and
after appropriating expenses and depreciation the company has incurred net
loss of Rs.48,507/-.
STATUS OF THE PROJECT
The implementation of the Project of Oyster Mashroom is going on full
swings. The Satus of the Project is as under.
1. Land Acquisition Completed
2. Registration of Sale Deed Completed in May, 95
3. N.A. Permission Obtained in Sept,94
4. Factory Building Construction Completed.
5. Power Connection 50 H.P. availed and balance 50 H.P.
is expected during this year.
6. Order for machinery Delivery Received at site.
8. Commercial Production Expected to commence
during this year.
PARTICULARIZE OF EMPLOYEES
There is no employee drawing remuneration of Rs.12000/- the information as
per section 217(1) (e) of the said Act read with the Companies (disclosure
of Particulars in the Report of Board of Directors) Rules. 1988 are not
required to be furnished.
CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION AND FOREIGN EARNINGS/OUTGO.
The Company has no activities relating to conservation of energy and
technology absorption, and there was no foreign exchange earning,
Expenditure in foreign currency amounted to Rs. 209134-00 during the year
for travelling purpose.
The Company has not accepted any fixed Deposits during the year.
M/S. Dharmendra & Khajanchi, Chartered Accountants, Auditors of the Company
whose term expire at the Annual General Meeting and being eligible offers
themselves for re appointment.
for and on behalf of the Board
Hemrajsinh Vaghela Narayansinh Gohil
(Managing Director) (Director)
Dated: 2nd September, 1996.