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श्री शक्ति एग्रो ऑयल्स

बीएसई: 519449  |  NSE: N.A  |  ISIN:  |  Edible Oils & Solvent Extraction

खोजें श्री शक्ति एग्रो ऑयल्स कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '95
 To
 
 The Members,
 
 The Chairman and the Board of Directors of SHREE SHAKTHI
 AGRO OILS LIMITED, Nellore are submitting the Seventh
 Annual Report of the Company and the Audited Statement of
 Accounts for the year ended 31st March 1995.  Some of the
 parameters affecting the results of the Company are
 reviewed hereunder.
 
 1. CORPORATE RESULTS:                  (Amount in Lakhs)
 
                                 Projected in
                                   Prospectus  1994-95  1993-94
                                dated 20.10.92
 
 Net Sales/Income from Operations    4390.51    532.06   922.14
 Accretion/ (-) Depletion to
 Finished Stocks                             (-) 11.34    43.76
 Other Income                                     7.82     Nil
 Depreciation                                    21.75    14.92
 Total Expenditure                              554.95   876.13
 Interest                                        57.75    45.95
 Gross Profit (+) \ Loss (-) after
 interest and depreciation            411.64 (-)105.91 (+)28.90   
 Provision for Taxation               212.82       Nil      Nil
 Net Profit (+) \ Loss (-)            198.82 (-)105.91 (+)28.90
 Loss brought forward                            43.54    65.30
 Loss Carried forward to next year              149.45    43.54
 Paid up Equity Share Capital         735.00    735.00   735.00
 Reserves excluding Revaluation 
 Reserves                             111.55     27.54    27.54
 
 REVIEW OF OPERATIONS:
 
 During the year under review, 10,040 Mt. Rice Bran was
 processed and the turnover achieved during the year is Rs.
 532.06 Lakhs. During the year 1993-94 the company
 processed 11,752 Mt. Rice Bran with an achieved turnover of
 Rs. 922.14 Lakhs (including trading turnover). The company
 is still facing acute scarcity of raw materials. The Solvent
 Plants in Andhra Pradesh almost, doubled the
 capacities and many more Plants emerged within a span of
 two years.  The Refinery unit of the company commenced
 commercial production from 21st January'95 with an initial
 processing of Rice bran oil. As the S.E.P. Division is
 suffering from Scarcity of the raw material, the company,
 along with paying attention to overcome the said key factor
 herenin, also concentrating more on production of refined
 oils in the refinery unit. At present the company is
 selling the refined oils in bulk quantities. Further to
 establish its own brand in the local areas, it proposes to
 market refined oils in small quantities like 1kg, 2kg packs
 and also 15kg tins during the ensuing year so as to reach
 the consumer market easily. The Company is very cautious in
 establishing the quality of the refined oils so that there
 may not be any dissatisfaction among the traders and also
 consumers. The company at present is not facing any shortage
 of raw materials in the refinery unit. As the profit
 margins in the refinery unit are lucrative and huge unlike
 those as in S.E.P. business, the company is still confident
 of turning the corner atleast in 1995-96.
 
 RETIREMENT OF ROTATIONAL DIRECTORS
 
 In accordance with the Article 103 (b) of Articles of
 Association of the company and also pursuant to Section 256
 of the Companies Act, 1956 Sri. M. Ravi Kumarand Shree T.
 Siva Prasad Reddy (Here in after referred to as Rotational
 Directors) the rotational directors will retire by rotation
 at the ensuing Annual General Meeting. Sri. M. Ravi Kumar
 is however eligible for reappointment. Shree T. Siva Prasad
 Reddy who retires by rotation, by notice in writing
 addressed to the Board on 14th June '95, expressed his
 unwillingness for reappointment as the director. The Board,
 while thanking Shree T. Siva Prasad Reddy for continuing in
 the Board all these years, by virtue of Section 256 (4) (b)
 of the Companies Act, 1958 resolved not to fill the vacancy
 arised due to retirement of Shree T. Siva Prasad Reddy.
 
 AUDITORS:
 
 The present Auditors of the Company M/s. N. Siva Prasad
 Associates, Hyderabad, will retire at the ensuing Annual
 General Meeting. However they are eligible for
 reappointment.
 
 DIRECTIVES:
 
 No Directives were received by the company from the
 Government during the period under review.
 
 PARTICULARS UNDER SECTION 217 (2A) OF THE COMPANIES ACT,
 1956.
 
 There were no employees in the company who were drawing
 remuneration of Rs.3,00,000/- or more per annum
 or Rs.25,000/- or more per month, if employed for part of
 the year.
 
 PARTICULARS UNDER SECTION 217(1)(d) OF THE COMPANIES ACT,
 1956:
 
 There are no material changes and commitments, affecting
 the actual position of the company between the date of
 Balance Sheet and the date of the Report.
 
 PARTICULARS UNDER SECTION 217(1)(e) OF THE COMPANIES ACT, 1956:
 
 Particulars of conservation of energy, technology
 absorption and Foreign Exchange earnings and out go as
 required under the aforesaid Section and Rules framed
 thereunder are given in the Annexure to Directors' Report.
 
 INDUSTRIAL RELATIONS:
 
 The Industrial Relations have continued to be cordial
 during the year. There were no major incidents adversely
 affecting the industrial relations of the company.
 
 DIVIDENDS:
 
 In view of accumulated losses, the Directors propose not to
 declare dividends for the year.
 
 ACKNOWLEDGEMENTS:
 
 Your Directors wish to place on record their sense of
 appreciation of the devoted services rendered by the
 executives, staff and workers of the company for their
 continuous services and hardwork. Your Directors also wish
 to express, deep sense of gratitude for the abundant
 assistance, guidance and cooperation received from Andhra
 Pradesh State Financial Corporation, Hyderabad, Andhra
 Pradesh Industrial Development Corporation Ltd., Hyderabad,
 A.P. State Cooperative Bank Ltd., Hyderabad and State Bank
 of India Main Branch Nellore and also from investors during
 the year under review and are confident that your company
 will continue to receive such support in the years ahead.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `60.18 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `425.98 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `1569.80 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `528.06 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `720.14 Cr की बिकवाली
  • MARKET CUES : स्टॉक फ्यूचर्स में `367.32 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `45.72 Cr की खरीदारी
  • MPC MEET ON CREDIT POLICY : आज क्रेडिट पॉलिसी का एलान
  • JEFFERIES ON GODREJ PROPERTIES : Buy रेटिंग, लक्ष्य बढ़ाकर `1,040/Sh
  • HDFC : आज से खुलेगा QIP, फ्लोर प्राइस `1,838.94/Sh

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