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नवयुग इलेक्ट निदेशकों की रिपोर्ट, नवयुग इलेक्ट निर्देशकों द्वारा रिपोर्ट

नवयुग इलेक्ट

बीएसई: 532036  |  NSE: N.A  |  ISIN: INE049C01023  |  Media & Entertainment

खोजें नवयुग इलेक्ट कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '99
We have pleasure in presenting the Annual Report together with Audited
 Accounts for the year ended 31st March 1999.
 
 OPERATIONS
 
 During the year Company did not carried out any Commercial Activities
 and thus Profit and Loss Account is not prepared.  The Revenue
 Expenditure will be appropriated to Fixed Assets on commencement of
 Commercial Activities.
 
 The Project implementation is being temporarily held back by the
 directors.
 
 FUTURE OUTLOOK
 
 During the year under review the Indian Economy continued to reel under
 recession.  The Directors do not forsee any noteworthy turnaround in
 Electric Motor industries which is badly hit by recession and sever
 competition from unorganised sector.  Thus Director's have held back
 implementation of project and no further progress was made on the
 project.
 
 STATEMENT UNDER CLAUSE 43 OF THE LISTING AGREEMENT
 
 Since the company could not commenced commercial production as project
 implimentation is delayed and thus project u/s performance comparison
 has not being given.
 
 The Directors decided to put on hold the project implementation looking
 to adverse economic situations, Non-receipt of Allotment Money and
 Non-Availability of Working Capital.  Accordingly there is delay in
 implementation of project as stated in prospectus.  The Funds has been
 deployed towards acquiring assets as stated in the prospectus.
 
 PARTICULARS OF EMPLOYEES
 
 There were no employees who were employed during the year and were in
 receipt of remuneration exceeding Rs. 6,00,000/- p.a. or who were
 employed for a part of the year and were in receipt of remuneration
 exceeding Rs. 50,000/- p.m.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNINGS AND OUTGO.
 
 Information on Conservation of Energy, Technology Absorption, Foreign
 Exchange Earnings and Outgo required to be given pursuant to section
 217(1)(e) of the Companies Act, 1956 read with the Companies
 (Disclosure of particulars in the report of Board of Directors) Rules
 1988 are not applicable since there are no such activities fat present
 being pursued by the Company.
 
 Y2K COMPLIANCE
 
 The Accounting software and hardware was made Y2K compliant by the
 company.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `995 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `853 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `729 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1002 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `922 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `1176 Cr की बिकवाली
  • ENTERS IN F&O BAN : SAIL के F&O में नई पोजीशन पर रोक
  • STILL IN F&O BAN : EQUITAS, BHEL, GLENMARK, I-BULLS HSG

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