AGRITECH HATCHERIES FOODS LIMITED
The Directors have pleasure in presenting the 7th Annual Report together
with the Audited Statement of Accounts for the year ended 31st July, 1996.
The company's progress was hampered during the year mainly on account of
diseases in parent & broiler farms and also due to liquidity problem
because of severe cash crunch in the financial market in particular and in
industry in general.
The Demand for the Company's products is as encouraging as ever. The
Company has also introduced a chain of retailers in order to strengthen its
existence in the market.
Statement - under clause 43 of Listing Agreement.
(Rs. in Lacs)
year ended year ended
March, 96 July, 96
Gross Income 3865 3145
Profit / (Loss) after Tax 794 (1628)
Mr. R..C. Kapoor and Mr. Ardeshir J. Bhoot retire by rotation and being
eligible offer themselves for re- appointment.
Your Company has neither invited nor accepted any fixed deposits from the
public during the period under review.
Members are requested to appoint auditors to hold office from the
conclusion of this meeting until the conclusion of the next Annual General
Particulars of Employees
There are no employees covered by the limit prescribed under the provision
of Section 217(2A) of the Companies Act,1956, read with the Companies
(Particulars of Employees) Rules., 1975.
Your Directors would like to express their appreciation for the assistance
and co-operation received from IDBI, IFCI, ICICI and State Bank of India
for their continuing support.
The Directors wish to place on record their appreciation for the co-
operation received from employees during the year under review.
ANNEXURE TO THE DIRECTORS REPORT
Additional information as required under the Companies (Disclosure of
Particulars in the Report of Board of Directors) Rules, 1988.
(A) Conservation of Energy for Cold Storage Plant
1) Electricity Purchased 1995-96 1994-95
Units Nos. 10,50,838 10,65,515
Total Amount Rs. 33,50,083 31,53,933
Rate per Unit Rs. 3.19 2.96
2) Consumption per Unit of Production
Product -- Dressed Broilers Kgs. 51,56,470 65,17,445
Production Rs. 33,50,083 31,53,933
Consumption Rs. 0.65 0.48
Consumption Per Unit
For and on behalf of the Board of Directors
Vispi C. Damania
Place : Mumbai
Dated : 31st December, 1996.