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स्पेशियाल्टी पेट्रोल्यूब्स निदेशकों की रिपोर्ट, स्पेशियाल्टी पेट्रोल्यूब्स निर्देशकों द्वारा रिपोर्ट

स्पेशियाल्टी पेट्रोल्यूब्स

बीएसई: 523525  |  NSE: N.A  |  ISIN:  |  Lubricants

खोजें स्पेशियाल्टी पेट्रोल्यूब्स कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '96
 Your Directors present before you the Annual Report of the Company alongwith the Audited Accounts for the
year ended 31st March, 1996.
 
 2. COMPANY OPERATIONS
 
 During the year under review, your Company has incurred a loss of Rs.35.78 lacs over a sales turnover of
Rs.708.46 lacs which is mainly on account of the following:
 
 The waste oil, which is the main raw material of the Company, has been classified as `Hazardous Waste' by
the Ministry of Environment & Forest.  Accordingly, the import of waste oil has been banned since April, 1995.
In view of the above, your Company is unable to get sufficient waste
 oil indigenously to sustain its manufacturing activities. In addition to that it has to offer higher price
for local waste oil.
 
 The lube oil industry in India faces stiff competition among many Multi-National and National Oil Companies.

 
 To overcome this situation, your Company has already taken many effective steps to minimise overheads/fixed
expenses and increase sales turnover.
 
 3. DIRECTORS
 
 Mr. Rajesh Dhruva and Mr. Yogesh Maniar are retiring by rotation at ensuring Annual General Meeting and
being eligible, offer themselves for re-appointment.
 
 I. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 Information as required under Section 217(1)(e) of the Companies Act, 1056 (as amended) reed with Rule 2 of
the Companies (Disclosure of particulars in the report of Board of Directors) Rules 1966, the particulars
relating to conservation of energy, technology absorption and foreign exchange earnings and outgo is annexed
to the extent
 applicable and forms part of this report.
 
 5. PARTICULARS OF EMPLOYEES
 
 The Provisions Section 217(2 A) of the Companies Act, 1056 are not applicable as the company does not have
any. employee on its roll whose particulars are required to be disclosed under the said Provisions.
 
 6. FIXED DEPOSITS
 
 The company has not accepted any fixed deposits within the meaning of Section-56(A) of the Companies Act,
1056.
 
 7. INSURANCE
 
 The fixed assets of the Company have been insured as required.
 
 M/s. Bharat M Shah & Co., Chartered Accountants, Ahmedabad, will retire at the conclusion of ensuing Annual
General Meeting, and being eligible, offer themselves for re-appointment.
 
 9. ACKNOWLEDGEMENT
 
 Your Directors gratefully acknowledges the continued assistance and co-operation received from the State and
Central Government authorities.  the Financial institutions and Banks. We also express our sincere
appreciation and gratitude for the whole-hearted support from our esteemed customers, dealers, business
associates, all our shareholders, and employees of the company. We wish the same spirit of co-operation and
assistance will continue for years to come.
 
 ANNEXURE TO THE DIRECTORS' REPORT
 
 Information under section 217(1)(e) of the Companies Act, 1956 reed with the Companies (Disclosure of
Particulars-in the Report of Board of Directors) Rules, 1988 and forming part of the Directors' Report for the
year 1996.
 
 A. CONSERVATION OF ENERGY:
 
 Energy Conservation Measures taken:
 
 The Company has placed great emphasis on the conservation of energy even at the time of plant commissioning
and has implemented several measures including regular monitoring of Power\Fuel consumption, minimising fuel
consumption by implementing energy saving devices, proper maintenance of
 pumps, burners, boilers, hot oil system etc. and by operating the plant on steady state, avoiding frequent
shut-downs, start-ups.
 
 B TECHNOLOGY ABSORPTION: -
 
 Research & Development (R & D):
 
 1. Specific areas in which R&D is carried on by the Company, for development of new blending formulations
for the existing and new product range.
 
 2. Benefits derived as a result of the above R&D:
 
 There will be significant improvements to process operations, product quality, and production cost.
 
 3. Future plan of Action
 
 The Company plans to promote a sophisticated R & D Centre for improvements in lubricating oils and related
products.
 
 4. Expenditure on R & D:
 
 (i) Capital             Nil
 (ii) Recurring          Nil
 (iii) Total             Nil
 
 Technology Absorption, Adaptation and Innovation:
 
 The company shall make all-out efforts to fully absorb the technology, and to adopt innovation.
 
 C FOREIGN EXCHANGE EARNINGS AND OUTGO:
 
 There was no foreign exchange outgo and earning during the year.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • BREAKING NEWS LOWER : मुनाफे से घाटे में आई कंपनी (YoY)
  • BREAKING NEWS LOWER : `230 Cr मुनाफे के मुकाबले `389 Cr का घाटा
  • BREAKING NEWS LOWER : आय `5684 Cr से घटकर `651 Cr (YoY)

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