HANI INDUSTRIES LIMITED
Your Directors have pleasure in presenting there seventh Annual Report and
Audited Accounts of your Companrfor the year ended on 31st March, 1994. The
financial performance of the company is as under:
To conserve the resources for expansion, the directors do not recomend any
dividend for the year under report.
TURNOVER & PROFITS
During the year under report, sales and other income increase by 18% but
profit before depreciation decrease marginally which is mainly due to other
income of Rs.22.28 lacs included in previous year income by way of interest
on deposits of public issue.
Further the levy of excise duty on the products of the Company also has minor
impact on profit margin.
Shri Aiyub Hani will retire by rotation at the ensuing annual general meeting
and being eligible offer himself for re-appointment.
M/s. Pramodkumar Dad &.Company, Chartered Accountants, Auditors of the
Company hold the office until the conclusion of the forthcoming Annual
General Meeting and are recommended for reappointment.
The Auditor's remarks in their report are self explanatory and explained in
notes on accounts.
The Company has not accepted deposits from Public.
PARTICULARS OF EMPLOYEES:
None of the employees is drawing salary of Rs.1,44,000/- or more per annum/or
Rs.12,000/- per month and hence the information as per section 217 (2A) of
the Companies Act, 1956 are not furnished.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO:
Disclosure with respect to conservation of etc. pursuant to the Company
(Disclosure of particulars for the report of Board Directors Rules 1988 are
set in the Statement annexed hereto and forms part of this report.
The Directors wish toplace on record their appreciation for the Co-operation
and assistance extended by the Bank and the sincere and efficient services
rendered by the employees of the Company.
For and on behalf of the board
For HANI INDUSTRIES LTD.
Place: Ahmedabad. A. HANI
Date : 31 -08-94. MANAGING DIRECTOR
ANNEXURE TO THE DIRECTORS'REPORT
Informtion Pursuant to Section 217 (i)(a) of the Companies Act, 1956 read
with Companies (Disclosures of Particulars in the Report of Board of
Directors) Rules, 1988.
A. Disclosure of Particulars in respect of Conservation of Energy.
A.Power and Fuel Consumption19993-941992-93
--Cost/Unit 1.96 1.35
i) Throught Diesel Generator
--Units -- --
-- Unit per Itr. of Diesel Oil -- --
--Cost/Unit -- --
(2)Coal N.A. N.A
(3)Furnace Oil N.A. N.A
(4)Other / Internal Generation N.A. N.A.
B.Consumption per Unit of Production 1993-94 1992-93
B. Disclosure of Particulars with respect to Technology absorption.Our
Manufacturing process is working on indegeneus Technology. As the Company is
still in the process of growth and consolidation, it is not undertaking any significant Research and Development work. Improvement in Designs & Process
Parameters are also carried out to suit special requirements and
A. Technology lmported Nil
B. Year of Import ---
C. Has the Technology been fully absorbedN.A.
C.Particulars of foreign Exchange Earning. Rs.Nil
Total foreign Exchange out go: Rs.Nil