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क्लैराइसिस ऑर्गेनिक्स

बीएसई: 524806  |  NSE: N.A  |  ISIN: INE654F01015  |  Chemicals

खोजें क्लैराइसिस ऑर्गेनिक्स कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '03
Your Directors are placing before you the 15th Annual Report and the
 Audited Accounts for the financial year ended 31st March, 2003.
 
 FINANCIAL RESULTS
 
 Salient features are reproduced below :
 
 Particulars                                 Year Ended       Year Ended
                                       31st March, 2003 31st March, 2002
                                            Rs in lacs.       Rs in lacs
 
 Profit before Interest,                          33.59          -162.71
 
 Depreciation and Income Tax
 Less: Depreciation                               90.42            85.29
 
 Finance Charges                                   8.72            55.48
 
 Net Loss                                         65.55           303.48
 
 Add/(Loss): Balance brought Forward             726.78           441.31
 
 Less: Transferred from Capital Reserves           0.00            18.01
 
 Net Deficit carried Forward                     792.33           726.78
 
 A. 2002-2003 IN RETROSPECT
 
 There has been an decline in turnover by 31.87% to Rs. 1081.81 lacs as
 against Rs. 1588.07 lacs in the year 2001-02. The company incurred loss
 of Rs. 65.54 lacs. against the loss of Rs.303.48 lacs of previous year.
 The year under review was a difficult year, but the company has
 identified two new products for exports thru merchant exporters and has
 exported products.
 
 The following major factors affected the financial performance of the
 company during the year-
 
 1. The company had a labour strike for two months hence there was no
 production activity in those months.
 
 2. Demand for Mono Chloro Benzene, Ortho Dichloro Benzene, was not
 good due to recessionary trend prevailing during the year.
 
 3. Due to non-availability of adequate margins oh main products and no
 production activity for two months the Company incurred the cash loss.
 
 B. NEW PROJECTS
 
 1. The company has undertaken 124 Tri Chloro Benzene expansion for
 which necessary capital equipments has been purchased.
 
 2. The Company during the year has successfully commissioned the 245
 Tri Chloro Aniline project.
 
 3. The Company has invested in 124TCB and 245TCA projects, which are
 for largely for exports.
 
 C EXPORTS
 
 1) The company has exported 124 Tri Chloro Benzene and 245 Tri Chloro
 Aniline thru merchant exporters.
 
 2) Value Added Products
 
 The company has also strategies to enter into the production or
 conversion of product into high value added products based on finished
 product available to improve the profitability of the company during
 the coming years.
 
 3) Future Prospects
 
 The company is continuing its strategy, which was implemented in
 previous periods:
 
 a. Expanding existing facilities through debottlenecking activities
 resulting in reducing per unit cost of products.
 
 b. To continue developing high value added products based on companys
 finished products.
 
 c. To improve profitability through process efficiencies and
 conservation of energy to reduce product costs.
 
 d. To improve the financial cash cycle to lower financial costs.
 
 While the company is passing through challenging times, your Directors
 are quite confident that they will continue to adjust to the changes of
 the industry to ensure consolidation and future growth for maximizing
 and improving the performance in the coming years.
 
 AUDITORS
 
 The Companys Auditors M/s. C.R. Shah & Co. Chartered Accountant,
 Vadodara, retire at the conclusion of the forthcoming Annual General
 Meeting and are eligible for re-appointment.
 
 PERSONNEL
 
 The company has restructured its organization to meet the challenges
 and to take advantage of the opportunities existing in the industry.
 There was a labour strike which took place in August 02 and which
 lasted for till September 02. (i.e. almost two months.) We take this
 opportunity to inform that inspite of the challenges faced by the
 Company the company has been able to overcome through sincere and
 dedicated efforts of all employees of the company who are committed to
 see the company consolidate its operations and are willing to
 contribute to these efforts. We would like to show our special
 appreciation to all our employees in their endeavor for their company
 and its performance.
 
 STATUTORY INFORMATION
 
 Information pursuant to Section 217 (1)(e) of the Companies Act, 1956
 read with the Companies (Disclosure of Particulars in the Report of
 the Board of Directors) Rules, 1988 is given in Annexure and forms part
 of this report.
 
 Information of employees pursuant to Section 217 (2A) of the Companies
 Act, 1956 is Nil
 
 APPRECIATION
 
 Your Directors wish to place on record their sincere appreciation for
 the co-operation and support extended to the company by the State and
 Central Government, Financial Institutions, State Bank of India. The
 Board of Directors also wishes to place on record their deep sense of
 appreciation for the dedicated services rendered by the Officers and
 employees of the Company.
 
 DIRECTORS RESPONSIBILITY
 
 Pursuant to Section 217(2AA) of the Companies Act as amended by the
 Companies (Amendment) act, 2000, the Directors confirm that:
 
 I. In the preparation of the annual accounts, the applicable
 accounting standards have been followed along with proper explanations
 relating to material departures.
 
 II. Appropriate accounting policies have been selected and applied
 consistently and have made judgements and estimates that are reasonable
 and prudent, so as to give a true and fair view of the state of affairs
 of the company as on 31st March 2003 and of the profit of the Company
 for the year ended 31st March, 2003
 
 III. Proper and sufficient care has been taken for the maintenance of
 adequate accounting records in accordance with the provisions of the
 Companies Act, 1956 for safeguarding the assets of the Company and for
 preventing and detecting fraud and other irregularities.
 
 IV. The annual accounts have been prepared on a going concern basis.
 
 ENVIRONMENTAL PROTECTION
 
 No hazardous emissions are let out in the atmosphere. The water as well
 as chemical effluent discharge from the plant is fully treated to meet
 the stipulated norms of Pollution Control Board.
 
 TECHNOLOGY ABSORPTION
 
 The disclosure of particulars is NIL.
 
 FOREIGN EXCHANGE EARNING AND OUTGO
 
 During the year there was no earning of foreign exchange.
 
                                     On behalf of the Board of Directors
                                               CLARISIS-ORGANICS LIMITED
                                  Ashok V.Patel        Visubhai B. Patel
                                   Jt. Managing                 Chairman
                                                                Director
 Place: VADODARA
 Date: 17th June, 2003
 
 ANNEXURE TO DIRECTORS REPORT
 
 The Companies (Disclosure of Particulars in the Report of Board of
 Directors) Rules, 1988.
 
 A) Conservation of Energy
 
 The company has been giving utmost priority to conservation of various
 forms of energy used in the manufacturing process. Energy Conservation
 measures taken is:
 
 * The Company is maintaining high level of efficiency in the operation
 of steam generating equipment.
 
 * The company is updating its existing process to better utilize the
 heat available in the Plant to reduce steam consumption in the Plant.
 
 * During the year the company received the award from Ministry of
 Energy (Gujarat) for conservation of Electricity.
 
 Total energy consumption and energy consumption per unit production:
 
                                              2002-2003        2001-2002
 
 I. Power and Fuel Consumption
 
 1. Electricity
 
 a) Purchased Units (lacs)                    1,050,100        13,12,994
 
 b) Total Amount (Rs.)                        5,426,553        69,71,504
 
 c) Rate/Unit (Rs.)                                5,16             5.31
 
 2. Bio-Coal
 
 a) Quantity (M.T.)                             2266.04          1712.81
 
 b) Total Amount (Rs.)                        4,134,404        31,54,632
 
 c) Average Rate (Rs.)                            1,824            1,842
 
 3. Furnace Oil
 
 a) Quantity (M.T.)                                   -          210.372
 
 b) Total Amount (Rs.)                                -        20,96,120
 
 c) Average Rate (Rs.)                                -            9,963
 
 II. Consumption per unit of production
 
 [Products-MCB, 2,5DCNB,, ODCB, 124TCB, 245 TCA]
 
 [Pr.Year-MCB.NB, 2,5DCNB,, ODCB, 124TCB]
 
 a) Electricity (Unit/M.T.)                     231.95            177.99
 
 b) Furnace Oil/BioCoal(M.T.)                    0.500             0.261
 
 B) Technology Absorption and Research and Development Main Areas of
 emphasis include :
 
 Development of products based on companies finished product for value
 addition. Improvement of existing product/process, efficiency
 
 Due to the changing market conditions, competitive conditions
 prevailing in the local market, greater emphasis is being placed in the
 areas of product & process developments & export.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `191 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `590 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `3344 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `994 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `1539 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `768 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `43.26 Cr की खरीदारी
  • MACQUARIE ON BANDHAN BANK : Underperform रेटिंग, लक्ष्य `470/Sh
  • MACQUARIE ON INFOSYS : Outperform रेटिंग, लक्ष्य `830/Sh
  • CITI ON AUROBINDO PHARMA : BUY रेटिंग, लक्ष्य `820/Sh

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