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विश्वकर्मा सीमेंट्स निदेशकों की रिपोर्ट, विश्वकर्मा सीमेंट्स निर्देशकों द्वारा रिपोर्ट

विश्वकर्मा सीमेंट्स

बीएसई: 518097  |  NSE: N.A  |  ISIN:  |  Cement - Mini

खोजें विश्वकर्मा सीमेंट्स कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '00
The Directors have pleasure in presenting the Ninth Annual Report
 together with Audited Accounts of the Company, for the year ended 31st
 March, 2000.
  
 1.   Accounts
 
 The Company has prepared the Balance Sheet as on 31st March, 2000 and a
 Statement of the Pre-operative Expenditure incurred till that date. The
 Pre-operative Expenditure of Rs. 41.70 lakhs incurred has been shown in
 the Balance Sheet and will be capitalised under various heads on
 completion of the project.
 
 2.   Project Implementation
 
 The construction of the factory building is almost complete and D.G.,
 Panel & Laboratory Equipments have arrived at the site. The cost of
 project originally estimated at Rs. 809.72 lakhs has increased due to
 delay in implementation. The Company had given loans in earlier years
 to minimize the cost of project, pending arrangement of funds. The
 allotment money not received in time has resulted in cost overrun.
 
 The total expenditure of Rs. 371.45 lakhs has been incurred towards
 acquiring of Fixed Assets upto 31st March, 2000. To meet out the
 shortfall caused due to cost overrun and non receipt of Allotment
 Money, negotiations for the loan are still going on and hope to get the
 same shortly and expect to commence commercial production by May/June,
 2001.
 
 The performance of the cement industry has not so far improved and in
 view of this Directors of the Company are working on various other
 proposals subject to approval of the lenders and shareholders.
 
 Directors of the company hereby again request those shareholders who
 have not paid their allotment money, so far, to pay the same with
 interest to avoid forfeiture.
 
 3.  Directors
 
 Shri D.K. Chhajer and Shri M.C. Dhandia retire from the Board by
 rotation and being eligible offer themselves for reappointment.
 
 4.  Auditors Report
 
 The comments on the Statement of Accounts referred to in the Report of
 the Auditors have been suitably explained by way of notes to the
 Accounts or otherwise self explanatory.
 
 5.  The Companies (Disclosure of Particulars in the Report of Board of
 Directors) Rules, 1988.  The Particulars required to be furnished under
 above rules are either NIL or NOT APPLICABLE.
 
 6.  Auditors
 
 M/s. Bhagchand & Associates, Chartered Accountants, Statutory Auditors
 of your Company hold office until the conclusion of this Annual General
 Meeting and are eligible for reappointment.
 
 7.  Particulars of Employees
 
 None of the employees is covered under Section 217 (2A) of the
 Companies Act, 1956 read with the Companies (Particulars of Employees)
 Rules, 1975.
 
 
स्रोत: रेलीगरे टेचनोवा

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