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श्रीश्मा फाइन केमिकल्स निदेशकों की रिपोर्ट, श्रीश्मा फाइन केमिकल्स निर्देशकों द्वारा रिपोर्ट

श्रीश्मा फाइन केमिकल्स

बीएसई: 507000  |  NSE: N.A  |  ISIN:  |  Pharmaceuticals

खोजें श्रीश्मा फाइन केमिकल्स कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '05
Your Directors present herewith the Twenty Third Annual Report and
 Audited Accounts for the year ended 31st March 2005. The Companys
 performance has been as under: Financial Results
 
 Rupees in lakhs
                                             2004-05      2003-04
 
 Sales and Income                             199.00       215.11
 Stock Adjustments                            (43.98)       14.39
 Loss before Interest, Depreciation
 and Taxation                                 (33.37)       (2.02)
 Loss after Interest, Depreciation
 and Taxation                                (187.52)      (158.61)
 Provision for Taxation                        33.82       (443.54)
 Loss after Taxation                         (153.71)      (602.16)
 Loss carried to Balance Sheet              (3214.86)     (3061.15)
 
 OPERATIONS
 
 Uncertainty prevailed throughout the financial year based on the BIFR
 order to the Operating Agency advising for advertisement for change in
 management. As a result there has been further drop in the activity
 levels at the factory.  Your management, despite the uncertain
 situation, ensured un-interrupted production at the factory, despite
 the cash losses.
 
 DIRECTORS
 
 The office of Chairman & Managing Director and the Joint Managing
 Director fell vacant on completion of one years term on April 25,
 2005. The Board of Directors appointed them for a further term of one
 year, subject to the approval of the Shareholders at the ensuing annual
 general meeting, on the same terms and conditions as before. Members
 are requested to approve their appointments.
 
 Mr. Pravin Vepari retires by rotation and is offering himself for
 reappointment as Director.
 
 Mr. Walter Saldanha retires by rotation and is offering himself for
 reappointment as Director.
 
 Members are requested to appoint them as Directors to retire by
 rotation at the annual general meeting.
 
 AUDITORS
 
 M/S Haribhakti & Company, Chartered Accountants, retire as Auditors of
 the Company and have given their consent for re-appointment. They have
 confirmed that their appointment will be in conformity, as far as
 limits are concerned, under Section 224 of the Companies Act, 1956.
 
 REMARKS OF AUDITORS
 
 Observations of Auditors relate mainly to non provision of interest
 expenses, arrears of depreciation. In the earlier years interest
 provision were not made in the hope that the Operating agency will be
 able to get the rehabilitation proposal sanctioned by BIFR. Now that it
 has not happened and the commission has directed the Operating Agency
 for a change in management, the situation on these counts remains
 status quo.
 
 FIXED DEPOSITS
 
 The Company did not accept or renew Fixed Deposits during the year.
 
 DISCLOSURE OF PARTICULARS
 
 No employee was in receipt of remuneration falling within the purview
 of Section 217 (2A) of the Companies Act, 1956 and as such particulars
 of employees is not applicable.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNINGS AND OUTGO
 
 This has been given in Annexure A to this report.
 
 DIRECTORS RESPONSIBILITY STATEMENT
 
 Pursuant to section 217(2AA) of the Companies Act, 1956, your
 Directors, based on the representations received from the Operating
 Management and after due enquiry, confirm that:
 
 1.  in the preparation of annual accounts, the applicable accounting
 standards have been followed;
 
 2.  they have, in the selection of the accounting policies consulted
 the statutory auditors and these have been applied consistently and
 reasonable and prudent judgements and estimates have been made so as to
 give a true and fair view of the state of affairs of the company as at
 31s March 2005, and the loss of the company for the year ended on that
 date;
 
 3.  proper and sufficient care has been taken 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;
 
 4.  the annual accounts have been prepared on a going concern basis.
 
 REPORT ON CORPORATE GOVERNANCE
 
 The Companys Board is constituted of both Executive and Independent
 Directors. Board Meetings are held at regular intervals with a formal
 agenda. During the year under review four meetings were held.
 
 Actions taken on disposing Shareholders grievances are duly reviewed
 by the Shareholders grievances committee.
 
 ACKNOWLEDGEMENT
 
 The Board expresses its gratitude and appreciation to the Shareholders,
 Debenture Holders and Financial Institutions for their support.
 
                                         For and on behalf of the Board
 
                                                          Dr. R. N.Goel
                                           Chairman & Managing Director
 
 Place :   Mumbai
 Date  :   October 24, 2005
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `459.22 की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `74.93 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `1389.27 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `15.30 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `683.05 की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `667.26 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `23.66 Cr की खरीदारी
  • IN F&O BAN : F&O बैन में Yes Bank शामिल
  • CS ON DR REDDY’S : Outperform रेटिंग, लक्ष्य `3,055/Sh
  • MS ON SUN PHARMA : Overweight रेटिंग, लक्ष्य `530/Sh

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