INNOVATIVE PRINT-FORMS LIMITED
The Directors have pleasure in presenting their Thirteenth Annual Report
and Audited Statement of Accounts for the 15 months ended 30th September,
During the period under review sales have increased to Rs. 1065.92 lacs
from Rs.769.47 lacs, and Net profit has increased from Rs.131.70 lacs to
Your Directors recommend payment of a dividend (25% amounting to Rs. 29.68
Lakhs (subject to deductions of tax) for the period ended 30th September,
IV. FIXED DEPOSITS
The Company has not accepted any deposits from public.
Shri Sarosh K. Parakh and Shri R.D. Goyal retire by rotation and being
eligible, offer themselves for reappointment.
The Auditors of the Company M/s. Hasmukh Thakkar & Co., Chartered
Accountants have signified their willingness to continue in office and a
resolution is submitted proposing their appointment and to fix their
remuneration for the current year.
VII. PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND
FOREIGN EXCHANGE EARNINGS AND OUTGO
Information as per Section 217(1)(e) of the Companies (Disclosure of
particulars in the Report of the Board of Directors) Rules 1988 is given in
Annexure I, forming part of this Report.
VIII. PARTICULARS OF EMPLOYEES
Particulars pursuant to sub-section 2(A) of Section 217 of The Companies
(Particulars of Employees) Rules 1975 and forming part of the Directors'
Report for the period ended 30th September, 1996 is given in Annexure II.
The Board wishes to thank its Bankers for the co-operation and assistance
extended by them. The Board also wishes to place on record its deep and
sincere appreciation for the services rendered by the employees of the
ANNEXURES TO DIRECTORS' REPORT
FOR THE PERIOD ENDED 30TH SEPTEMBER, 1996.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS
Section 217(1)(e) of the Companies Act, 1956.
THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF
DIRECTORS) RULES, 1988.
(A) CONSERVATION OF ENERGY:
(a) Measures taken :
Constant monitoring of Energy conservation measure.
(b) Additional investment and proposals if any for reduction of consumption
of energy : Nil
(c) Impact of (a) and (b) : Wasteful consumption avoided.
(B) RESEARCH AND DEVELOPMENT & TECHNOLOGY ABSORBTION
I. Research & Development
1. Specific areas : None
2. Benefits derived : N.A
3. Plan of action : Nil
4. Expenditure on R&D
a. Capital : Nil
b. Recurring : Nil
c. Total : Nil
d. Total as % of turnover : Nil
II. Technology Absorption, Adaptation and Innovation
1. Efforts made : Updation of technological innovations in the field.
2. Benefits : Improved quality and cost reduction.
3. Imported technology : Not applicable.
(C) FOREIGN EXCHANGE EARNINGS AND OUTGO : Nil
For and on behalf of the Board of Director
Dated: 23rd November, 1996.