मैट्रिक्स
 
 
शेमकेन कॉट्सिन निदेशकों की रिपोर्ट, शेमकेन कॉट्सिन निर्देशकों द्वारा रिपोर्ट

शेमकेन कॉट्सिन

बीएसई: 514209  |  NSE: N.A  |  ISIN: INE352D01011  |  Textiles - Processing

खोजें शेमकेन कॉट्सिन कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '06
The Directors present the Annual Report together with audited accounts
 of the Company for the period ended 31, March 2006.
 
 Rs. in Lac
 
 FINANCIAL HIGHLIGHTS       Period Ended     Period Ended
                             31-03-2006       31-12-2004
                            (15 Months)      (15 Months)
 
 Sales & Other Income         481.25           1131.70
 Profit/Loss After Tax      (699.21)         (2547.51)
 
 (Lossyprofit
 
 Loss B/F from previous 
 year                      (3579.78)        (1,032.27)
 
 Profit/(Loss)available 
 for appropriation         (4278.99)        (3,579.78)
 
 DIRECTORS RESPONSIBILITY STATEMENT
 
 Pursuant to Section 217(2AA) of the Companies Act, the Directors
 confirm that in preparation of Annual Accounts:
 
 a.  That in the preparation of the accounts for the Period ended on
 31st March, 2006 the applicable Accounting Standards have been
 followed.
 
 b.  That such Accounting policies have been selected and applied
 consistently and judge- ments and estimates that are reasonable and
 prudent made so as to give a true and fair view of the state of affairs
 of the Company at the Period ended 31st March 2006.
 
 c.  That proper and sufficient care has been taken for 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.
 
 d.  That the accounts for the period ended 31st March, 2006, have been
 prepared on a going concern basis.
 
 DIRECTORS REPORT ALONG WITH MANAGEMENT DISCUSSION & ANALYSIS
 
 To avoid duplicity and to fulfil the mandatory requirements the
 Management Discussion and Analy- sis report has been included by way of
 suitable explanation in the Directors Report itself.
 
 OPERATIONS & OUTLOOK
 
 The Company Account for the Current year has been prepared for the
 period of 15 Months i.e.f rom 01-01-2005 to 31-03-2006.During the
 period under review your Company has clocked a turnover of Rs. 481.25
 Lacs including sales & other income. The Company has incurred a net
 loss of Rs. 699.21 Lacs, after providing a depreciation of Rs.528.82
 Lacs. Due to unforeseen circum- stances one of the plant of the Company
 has been closed: This has adversely effected the busi- ness operations
 of the Company. We are trying our level best to get the plant started
 as early as possible. In view of the above your Company is still in
 red.
 
 We hope to make a come back after getting our scheme sanctioned for the
 revival of the Company.
 
 Talks for the revival of the Company is in advance stage and is
 expected to take a concrete shape very soon.
 
 Dividend
 
 In view of the accumulated losses your Board is unable to declare any
 dividend for the period under review.
 
 SWOT ANALYSIS FOR THE COMPANY Strengths
 
 Your company is in the business of Bleaching, Dyeing, Printing &
 Processing of grey Clothes and we hope that the corresponding boom in
 the textile sector will hopefully benefit the Company. The Company is
 in the process of up-gradation of plant & Machinery so that quality
 processing of clothes could be put in place.
 
 Weaknesses & Threats
 
 Since our plant is located at some distance away from the Local Market.
 This creates some trouble in garnering buyers. However, efforts are on
 to create own market base.
 
 Further, your Company has approached Board of Industrial & Financial
 Reconstruction for the re- vival of the company and expecting
 favourable response in the larger interest of the Company and its
 stakeholders.
 
 Opportunities
 
 The Indian Textile market has brought in some thrilling opportunities
 for our Business. The demand of garments and its procurement by
 international buyers from India has created great potential to grow and
 we are looking forward to grab this opportunity.
 
 ENVIRONMENT SAFETY
 
 Your Company has installed proper plants to fulfill its obligations
 towards environmental safety.  AUDITORS REPORT
 
 The observations of the auditors in their report read with the relevant
 notes to accounts are self explanatory and do not require further
 explanation.
 
 AUDITORS
 
 The Auditors of the Company, M/s S. S. Bhardwaj & Associates Chartered
 Accountants, retire at the ensuing Annual General Meeting of the
 Company and have given their consent for re-appoint- ment. The Company
 has also received a Certificate from them under Section 224(1 8) of the
 Com- panies Act, 1956.
 
 COST AUDITORS
 
 The Central Governments Cost Audit order specifies audit of Cost
 Accounting Records for certain specified products every year. The Board
 of Directors, subject to the approval of the Central Gov- ernment, has
 appointed M/s S.K. Mittal & Co. Cost Accountants, to carry out the cost
 audit for the Period under review at a remuneration to be decided by
 the Board of Directors.
 
 FIXED DEPOSITS
 
 Your Company has been effectively discharging payments to its deposit
 holders as per the Direc- tion given by the Company Law Board. It owns
 liability to the tune of Rs.18523091.
 
 INTERNAL CONTROL SYSTEM
 
 The Company has a well defined internal Control system that is adequate
 and Commensurate with size and nature of business. Clear roles
 .responsibilities and authorities, Coupled with internal
 information Systems, ensures appropriate information flow to facilitate
 effective monitoring.
 
 RESEARCH & DEVELOPMENT
 
 Expenditures on Research and Development is not separately allocated
 and identified. We have in built system to reduce losses during
 operations.
 
 CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNINGS AND OUTGO
 
 Information pursuant to Section 217(1)(e) of the Companies Act, 1956
 read with the Companies (Disclosures of particulars in the report of
 Board of Directors) Rule, 1988 is given in the Annexure- I, to the
 report.
 
 PARTICULARS OF EMPLOYEES
 
 Information in accordance with the provisions of section 217(2A) of the
 Companies Act, 1956, read with the Companies (Particulars of Employees)
 Rule, 1975 as amended, there is no employee employed by the Company
 either for whole or part of the year drawing remuneration in excess of
 the limits laid down under the rules mentioned above.
 
 DIRECTORS
 
 Mr.S. K. Rishi non-executive director of your Company retires by
 rotation and is eligible for re- appointment. Your Board recommends the
 appointment of Mr. S. K. Rishi, as a director.
 
 Mr. Amit Chaturvedi, director of your Company retires by rotation and
 is eligible for re-appointment.  Your Board recommends the appointment
 of Mr.Amit Chaturvedi, as a director.
 
 AUDIT COMMITTEE
 
 In accordance with section 292A of the Companies Act, 1956,and as per
 clause 49 of the listing Agreement entered into with Stock Exchanges
 your Company has Constituted the Audit Commit- tee of the Board of
 Directors.
 
 CORPORATE GOVERNANCE
 
 Pursuant to clause 49 of the listing agreement, a Management Discussion
 and Analysis Report has been included by way of suitable explanations
 in the Directors report itself and a Report on Corpo- rate Governance
 is given as Annexures A, to this Report.
 
 A certificate from the Company Secretary in Practice regarding its
 Compliance by the Company of the Conditions stipulated under clause 49
 of the listing Agreement is attached to this report.
 
 APPRECIATION
 
 The Directors are thankful to the Bankers and Financial Institutions,
 for their continued support during the year.
 
 Your Directors also wish to place on record their sincere thanks for
 the wholehearted support received from distributors, suppliers, and
 shareholders towards conduct of efficient operation of the Company.
 
 Your Directors are also appreciating of the continued dedication and
 senses of commitment shown by the employees at all levels during the
 year deserve special mention.
 
                                For and on behalf of the Board
                                For Shamken Cotsyn limited
 
                                          Sd/-
 
                                   Sanjay Chaturvedi
                                        Director
 
 Place: New Delhi
 Date : 30-11-2006
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • JEFFERIES ON MGL : BUY रेटिंग, लक्ष्य घटाकर `1180/Sh
  • CITI ON NMDC : BUY रेटिंग, लक्ष्य `125/Sh
  • MS ON ADANI PORTS : Overweight रेटिंग, लक्ष्य `408/Sh
  • CITI ON COAL INDIA : BUY रेटिंग, लक्ष्य बढ़ाकर `270/Sh
  • CITI ON MOTHERSON SUMI : Neutral रेटिंग, लक्ष्य बढ़ाकर `135/Sh
  • CITI ON BRITANNIA IND : BUY रेटिंग, लक्ष्य बढ़ाकर `3575/Sh
  • CITI ON INDIAN ECONOMY : Q2 में GDP ग्रोथ 4.9% रहने का अनुमान
  • CITI ON INDIAN ECONOMY : Q3 में ग्रोथ 6% के करीब रहने का अनुमान
  • HSBC ON IIP : IIP पर दबाव की स्थिति बरकरार
  • HSBC ON IIP : कैपिटल गुड्स में लगातार 5वें महीने गिरावट

अभी देखें

मिडकैप मंत्रा

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

Powerful mix of both trader and investor packs with timely expert advice.

Technical

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental

For all investors looking to unearth stocks that are poised to move.