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किंग्स इंडिया केम कॉर्प निदेशकों की रिपोर्ट, किंग्स इंडिया केम कॉर्प निर्देशकों द्वारा रिपोर्ट

किंग्स इंडिया केम कॉर्प

बीएसई: 524214  |  NSE: N.A  |  ISIN:  |  Chemicals

खोजें किंग्स इंडिया केम कॉर्प कनेक्शन Mar 12
निदेशकों की रिपोर्ट वर्षांत : Mar '13
To The Members, Kings India Chemicals Corporation Limited
 
 The Directors have great pleasure in presenting the 24th Annual 
 Report on the working of the Company for the year ended 31st March 
 2013 together with the Audited Accounts. The Financial Results for 
 the year are summarised below:
 
 1.  FINANCIAL RESULTS :- 
 
 
                                 (Rs. In Lakhs)
 Details                           2012-2013   2011-2012  
 
 i) Sales                              30.36      274.89
 
 ii) Other Income                       2.71        2.15
 
                                       33.07      277.04
 
 iii) Total Expenditure                52.41      300.92 
 
 iv) Loss Before Interest 
 & Depreciation                        19.34       23.88
 
 v) Interest
 
 vi) Loss Before Depreciation          19.34       23.88
 
 vii) Depreciation                    122.76      124.40
 
 viii) Net Loss                       142.10      148.28
 
 2. THE PRODUCTION AND SALES PERFORMANCE :-
 
 SI.No '' Product                   2012-2013    2011-2012
                                   (in Tons)    (In Tons)
 
 I. PRODUCTION
 
 1.  Acetic Acid 
 
 2.  Acetic Anhydride 
 
 3.  Ethyl Acetate                               618.814
 
 4.  Acetaldehyde                                 62.657
 
 !  II. SALES 
 
 1.  Acetic Acid
 
 2.  Acetic Anhydride  
 
 3.  Ethyl Acetate                   59.310     516.260
 
 3. AAIFR :-
 
 The Company''s Networth has become positive due to allotment of shares
 to secured Creditors and now the company is free from BIFR and out of
 Sick industry Classification.
 
 4. OPERATIONS
 
 The Management has proposed to diversify presently the exisiting
 business and planned to produce herbal products and related medicines
 as the existing products are not viable continued due to Increase in
 the price of Raw Material i.e.  ethanol.
 
 The Directors are confident of improving the activities of the Company
 in the years to come.:
 
 5. DEPOSITS :-
 
 The Company has not accepted any Fixed Deposits during this year from
 the public.
 
 6. GOVERNMENT APPROVALS :-
 
 All necessary Government approvals have been obtained.
 
 7. SAFETY:-
 
 The company has taken adequate safety measures for the plants and
 personnel.
 
 8. DIRECTORS:-
 
 As per section 255 of the Companies Act the sitting Directors Mr.G
 Ayyavoo & Viren Vini Ahuja are retiring by rotation at this Annual
 General Meeting and being eligible offer themselves for reappointment.
 
 Mr. T.R.S. Muthukumaran, Managing Director resigned from the
 Directorship of the company due to other pre-occupations and Mr. R.B.
 Rajkumar, Director resigned from the Directorship of the company due to
 other pre-occupations.
 
 9. DIRECTORS''RESPONSIBILITY STATEMENT:-
 
 In terms of provisions of Section 217 (2AA) of the Companies Act, 1956,
 your directors confirm :
 
 i.  That in the preparation of the annual Financial Statements of
 accounts, the applicable accounting standards have been followed along
 with proper explanation relating to material departures;
 
 ii.  That the directors have selected such accounting policies and
 applied them consistently and made judgements and estimates that are
 reasonable and prudent so as to give a true and fair view of the state
 pf affairs of the Company for that period;
 
 iii. That the directors have taken proper and sufficient care 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.  That the directors have prepared the Financial Statements on a
 going concern basis.
 
 10.  AUDITORS :-
 
 M/s, DURAIRAJ & ASSOCIATES, Chartered Accountants who were appointed as
 Statutory Auditors of the company at the Twenty Third Annual General
 Meeting held on 29th September 2012 retire at the conclusion of this
 Annual General Meeting and are eligible for reappointment.
 
 11. ACKNOWLEDGEMENT :-
 
 Your Company gratefully acknowledges the co-operation and support
 extended by the departments of the Central Government, Government of
 Tamilnadu, The Company appreciates the significant and valuable
 contributions made by the Share holders, Staff the General Public and
 others.
 
                          For and on behalf of the Board of Directors.
 
                          For KINGS INDIA CHEMICALS CORPORATION LIMITED,
 
                          VIREN VINI AHUJA
 
                          Chairman
 
 Place : Chennai-86. 
 
 Date : 30.08.2013
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • BREAKING NEWS LOWER : देश में अब तक 45,24,317 कोरोना टेस्ट हुए
  • BREAKING NEWS LOWER : देश में कोरोना के मामले बढ़कर 2,36,650
  • BREAKING NEWS LOWER : देश में कोरोना के कुल 1,15,942 एक्टिव मामले
  • BREAKING NEWS LOWER : अब तक 1,14,072 कोरोना मरीज ठीक हुए
  • BREAKING NEWS LOWER : देश में कोरोना से अब तक 6642 लोगों की मौत
  • BREAKING NEWS LOWER : पिछले 24घंटे में कोरोना के 9887 नए मामले मिले
  • BREAKING NEWS LOWER : पिछले 24 घंटे में कोरोना के 4611 मरीज ठीक हुए
  • BREAKING NEWS LOWER : पिछले 24 घंटे में कोरोना से 294 लोगों की मौत

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