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इंडो स्विस एक्सपोर्ट्स निदेशकों की रिपोर्ट, इंडो स्विस एक्सपोर्ट्स निर्देशकों द्वारा रिपोर्ट

इंडो स्विस एक्सपोर्ट्स

बीएसई: 512622  |  NSE: N.A  |  ISIN:  |  Leather Products

खोजें इंडो स्विस एक्सपोर्ट्स कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '96
 Your Directors have great pleasure in presenting their Eighth Annual
 Report together with the Audited Accounts for the year ended 31.3.1996.
 
 BUSINESS OPERATION AND PERFORMANCE
 
 The year under review was totally a very bad and critical year for the Indian Leather industry.
 
 Most of the tanneries in the south were shut down because of the pollution problem which resulted the
availability of leather a major hindrant to manufacturers of products. The Leather industry has been
 working in a capacity much lower than its break-even point. There was
 also an overall recession in the world leather market. Non availability of raw material and also
insufficient adequate working capital affected the production schedule and depressed the profit margin, as the
industry was depending on higher cost of inputs and interest.
 
 The Board of Directors are confident that bearing unforeseen circumstances, in both the International and
Local markets, the Indian Leather Industry will gear up as there always exists the higher demand for Indian
Leather products. 
 
 FINANCIAL HIGHLIGHTS
 
                                           Year ended
                                          (Rs. in Lacs)
 
                                     1995-96        1994-95
 
 Turnover                               3198           2009
 Gross Profit                             50            228
 Interest & Fin. Charges                  36             42
 Depreciation                             10             12
 Net Profit                                4            174
 
 The Board of Directors after detailed consideration, decided to plough back the profit earned during the
year into the business and hence no dividend was considered.
 
 In accordance with the Stock Exchange Listing rules the variations' between projections and actual
performance are given below:
 
                                     Projections       Actuals
 
                                            (Rs. in Lacs)
 
 Turnover                               3271             3198
 Gross Profit                            351               50
 Depreciation                             31               10
 Interest                                105               36
 Net Profit                              215                4
 
 DIRECTORS
 
 There are no change in the Directors during the year under review.
 Prof. K. Balakrishnan and Mrs. Rajam Vaidyanathan, Directors are to
 retire by rotation and being eligible offer themselves for re-appointment.
 
 AUDITORS
 
 M/s. A.J. Deora and Associates, Chartered Accountants, auditors of the Company retire at the conclusion of
the ensuing Annual General Meeting.
 
 DEPOSITS
 
 The company has not accepted any Deposits within the meaning of Sec.
 58 (A) of the Companies' Act, 1956.  
 
 PARTICULARS OF EMPLOYEES
 
 There are no employees to be stated under the provisions of Sec. 217
 (2A) of the Companies Act, read with Companies(Particulars of employees) Rules 1975.
 
 CONSERVATION OF ENERGY
 
 Operation of the Company are not energy intensive. However conservation measures have already been taken up
wherever possible. 
 
 RESEARCH AND DEVELOPMENT
 
 The company is making every endeavour in this respect by closely
 monitoring international and domestic trends.
 
 Foreign Exchange Earning    Rs. 3,16,206/-
 Foreign Exchange Out Flow : Rs. 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `605 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `239.87 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `432.39 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `19.55 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `157.43 Cr की बिकवाली की
  • MARKET CUES : स्टॉक फ्यूचर्स में `282.37 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `26.96 Cr की खरीदारी
  • US FED HOLDS RATES STEADY : US FED ने नहीं किया ब्याज दरों में बदलाव
  • US FED HOLDS RATES STEADY : US FED ब्याज दर 1.5-1.75% की रेंज में बरकरार
  • CS ON L&T INFOTECH : Outperform रेटिंग, लक्ष्य `1900/Sh

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