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VSD Confin Ltd.

BSE: 531696 Sector: Infrastructure
NSE: N.A. ISIN Code: INE489F01016
BSE 05:30 | 01 Jan VSD Confin Ltd
NSE 05:30 | 01 Jan VSD Confin Ltd

VSD Confin Ltd. (VSDCONFIN) - Director Report

Company director report

M/s VSD CONFIN LIMITED ANNUAL REPORT 1999-2000 DIRECTORS REPORT To, THE MEMBERS, The Directors of your Company have pleasure in presenting the 18the Annual Report and Audited Statement of Accounts for the financial year ended on 30th September, 2000 together with Auditors' report thereon. OPERATIONS Your Directors report that total turnover of your Company for the year is Rs. 37.86 lacs (Previous year Rs. 13.72 lacs) and the Company incurred profit of Rs. 8.67 lacs (Previous year Rs. (-)15.30 lacs). This is a encouraging performance and the Company is very keen to keep up this performance in the year under consideration, the Company could not started its revamping activities again and hope that in current year the Company will start the same. DISCLOSURE UNDER CLAUSE 43 OF THE LISTING AGREEMENT Under clause 32 The cash flow statement in accordance with Accounting Standards on Cash Flow Statement (AS-3) issued by ACAI is appended. Under clause 43 of the listing agreement, companies who have issued shares are required to furnish comparison of projections recorded in the prospectus and / or letter of offer with the actual performances in respect of profitability has not been given because on projections were made by the Company for this year in its aforesaid prospectus. Under clause 43 A The Company's shares are listed on the following stock exchanges. 1. Bombay Stock Exchange, Bombay 2. U.P. Stock Exchange, Kanpur 3. Delhi Stock Exchange, Delhi 4. Jaipur Stock Exchange, Jaipur 5. Ahmedabad Stock Exchange, Ahmedabad the annual listing fee in respect of U.P. Stock Exchange Kanpur, Jaipur Stock Exchange, Jaipur and Ahmedabad Stock Exchange, Ahmedabad, has not been paid will the date. DIVIDEND In view of absence of profits your directors do not recommend any dividend for the year ended 30th September, 2000. BOARD OF DIRECTORS Shri D.K. Garg and Shri S.C. Jain, Directors of the Company retire by rotation at the forthcoming Annual General Meeting of the Company and being eligible offer themselves for re-appointment. PARTICULARS OF EMPLOYEES As per section 217 (2A) of the Companies Act, 1956 read with the Companies (Disclosure of particulars in the report of Board of Directors) rules 1975 regarding employees, is not given as there are no employees covered under the said provisions. CONSERVATION OF ENERGY (Information required as per section 217 (1) (e)) Not applicable since the Company is not covered in schedule given rule (2) of Companies (Disclosure of particulars in the report of Board of Directors) Rules 1988. DETAILS OF TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO - Nil (Information required as per section 217 (1)(e)) FIXED DEPOSIT The Company has neither invited nor accepted any Fixed Deposit to which section 58-A of the Companies Act, 1956 applies. AUDITORS M/s Singhal Gupta & Co., Chartered Accountants, Meerut, Auditors of the Company retire at the conclusion of the forthcoming Annual General Meeting and being eligible offer themselves for reappointment. They have furnished certificate to the effect that reappointment, if made will be in accordance with sub section (1B) of section 224 of the Companies Act, 1956. ACKONOWLEDGMENT Your Directors would like to place on record their deep appreciation and gratitude to the Company's members for their continued faith and confidence reposed in the management of the Company. Your Directors wish to thank and sincerely acknowledge the co-operation and assistance extended by Company's Bankers, Government Authorities, other Business Associates and the employees of the Company at all levels. FOR & ON BEHALF OF THE BOARD PLACE: MEERUT (D.K. GARG) DATED: 28.12.2000 CHAIRMAN