AMBUJA AGRO INDUSTRIES LIMITED
Your Directors have pleasure in presenting the 5th Annual Report together
with the audited statement of accounts of the Company for the year ended
31st March, 1994.
The turnover and profitability suffered during the year due to irregular
and interrupted production caused by labour unrest. Further, the solvent
extraction plant which commenced production last year also could not take
off due to general recession in the industry. However, normal operations
have resumed since September 94 and better working results are expected in
the current year.
Foreiture of Shares
During the year under review, the Board of Directors forfeited 3,35,826
Equity Shares of Rs. 10/- each held by the shareholders due to default in
the payment of allotment money of Rs. 7/- per share (including premium of
Rs. 2/- per share). The forfeiture was made after complying with the
provisions of the Articles of Association of the Company.
Particulars of Energy Conservation etc.
Particulars with respect to conservation of energy, etc, as per Section 217
(1) (e) of the Companies Act, 1956, read with the Companis (Disclosure of
Particulars Directors) Rules, 1988, is annexed hereto and forms an integral
part of this Report
No deposits falling within the purview of Section 58A of the Companies Act,
1956 have been accepted by the Company.
Particulars of Employees
None of the employee of the Company is covered by the provisions of Section
217 (2A) of the Compnaies Act, 1956.
In accordance with the provisions of the Company Act, 1956 and the
Company's Articles of Association. Shri Manish Gupta will retire by
rotation at this annual general meeting and being eligible, offers himself
Messrs S. Chawla & Co., the Auditors of your Company, retire at this annual
general meeting, and are eligible for reappointment.
Yours Directors take this opportunity to offer their sincere thanks to the
various departments of Central and State Government and Punjab National
Bank for their valuable assistance and support. Your Directors also
gratefully acknowlegment the contribution made by the employees at all
level, and the support and goodwill extended by the customers, suppliers
and esteemed shareholders.
A. Conservation of Energy
Energy Conservation measures taken :
The Company has formed strong technical departments headed by a senior
personnel to continuously monitor energy consumption & plan and execute
energy conservation schemes.
B. Technology Absorption
The Company has no activities relating to Technology Absorption.
C. Foreign Exchange Earnings and Outgo
Particulars of Foreign Exchange earnings earnings and outgo are given in
Schedule 15- Notes to the Accounts-under Note No. 6.
(Form for disclosure of particulars with respect to conservation of energy)
I. Power and Fuel Consumption
ELECTRICITY Current Year Previous Year
(A) PURCHASED 66,160 1,06,459
TOTAL AMOUNT (Rs.) 2,29,109 3,77,054
RATE PER UNIT (Rs.) 3.46 3.54
(B) OWN GENERATION
THROUGH DIESEL GENERATION
UNITS (KWH) 1,19,972 2,07,212
UNITS PER LITRE OF DIESEL OIL (KWH) 2.75 2.75
COST PER UNIT (Rs.) 2.39 2.11
QUALITY Steam Steam
WHERE USED Boiler Boiler
QUANTITY USED (M.T.) 337 1,065
TOTAL COST (Rs.) 6,73,417 13,40,182
AVERAGE RATE PER M.T. (Rs.) 1,998 1,258
BY ORDER OF THE BOARD
Durga Prasad Gupta
Place : New Delhi
Date : 30th November, 1994