Lawa Coated Papers Ltd


BSE: 523730 | NSE: NA | ISIN: NA 
Market Cap: [Rs.Cr.] 1 | Face Value: [Rs.] 10
Industry: Paper

 Discuss this stock

Director's Report

1995 LAWA COATED PAPERS LIMITED DIRECTORS' REPORT TO THE MEMBERS Your Directors have pleasure in presenting the 10th Annual Report together with the audited accounts for the year ended March 31, 1995. 1. ACCOUNTS During the year the Company has incurred Pre-operative Expenses of Rs. 62.07 lacs, which is pending capitalisation. Since the Company is yet to start its operation, provision of Depreciation on Building, Plant and Machinery has not been made. 2. WORKING RESULTS The Company will be starting commercial production and other activities shortly. 3. DIVIDEND As the Company is yet to start the Commercial Production, the Directors have not recommended any dividend. 4. THE PROJECT The Company has set up for the first time in India PVDC Coating Plant which will create revolution in the Food Packaging Industry. The plant imported from Polytype, Switzerland is fully erected and will be commissioned shortly by BASF, (Germany) and Polytype, Switzerland . As per the suggestion of BASF, (Germany) and Polytype, Switzerland the Company has to add certain machineries in the plant. The revised cost of the project is estimated to increase approximately by Rs. 285 Lacs. The Company has already put forth the revised proposal to Industrial Development Bank of India for appraisal and refunding of Rs. 200 Lacs. As per the guidelines of the IDBI around 30% of the increase is to be brought in by the Promoters for which it is proposed to issue 5,00,000 Equity Shares of Rs. 10/- each at the premium to be determine in accordance with the guidelines issued by the Securities and Exchange Board of India. 5. PRODUCT (a) The product range of the Company includes Poly Vinlydinene Diofan Chloride (PVDC) coated paper, film & foil used in the Pharmaceuticals and Food Packaging Industry. PVDC is a non-blocking coating on Paper/Film and Foil used to enhance the barrier properties of the packaging material. (b) The other products to be produced are Chromo paper, art paper art and chromo cards which are used in printing calendars, labels, leaflets, magazine, balance sheets, visiting cards etc. 6. MARKETING The Company with the help of Polytype Switzerland, BASF Germany and IIP has developed Technical literature on PVDC. The Company has received numerous enquiries for the products from large companies including multinationals, such as Tata Tea Ltd., Coffee Board, Cadbury's, Fiber Foils India Ltd, Trend Pack etc. 7. SUBSIDIARIES Since the Company has no subsidiaries Section 212 of the Companies Act, 1956 does not apply. 8. DIRECTORS (a) Mr. T. K. Sinha was appointed as Director by the Board of Directors in their meeting held on 12th December, 1994 to fill up casual vacancy in place of Dr. M. V. Patwardhan who has resigned from the Board due to his pre-occupation. Mr. T. K. Sinha was also elected as Chairman of the Company. The Board places on record its appreciation for the services rendered and guidance provided by Dr. M. V. Patwardhan during his tenure. (b) Mr. R. J. Majra (Solicitor) was appointed as Director by the Board of Directors in their meeting held on 12th December, 1994 to fill up the casual vacancy of Mr. Vishwas B. Panse who resigned from the Board due to his pre-occupation. The Board places on record its appreciation for the services rendered and guidance provided by Mr. Vishwas B. Panse during his tenure. (c) Mr. Narendra Rawal - Technical Director also resigned from the Board due to his pre-occupation. The Board places on record its appreciation for the services rendered and guidance provided by Mr. Narendra Rawal during his tenure. (d) In accordance with the provisions of the Companies Act, 1956 and the Company's Articles of Association, Mr. B. N. Srivastava retires by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment. (e) Mr. Tejash Shah was re-appointed as Whole-time Director with effect from 1st January, 1990, for a period of five years. His term expired on 31st December, 1994. The Board re-appointed him as Whole-time Director, for a further period of two years on the same remuneration with effect from 1st January, 1995. (f) Mr. Jayant Shah was appointed as Managing Director of the Company from 1st January, 1990 and his term as Managing Director expired on 31.12.194. The term of office of Mr. Jayant Shah as Director is valid only upto ensuing Annual General Meeting. Hence he would cease to be Director of the Company at the conclusion of the Annual General Meeting. Mr. Jayant Shah made some allegations against Mr. Tejash Shah in regard to management of the affairs of the Company which he had subsequently withdrawn. A notice under Section 257 of the Companies Act, 1956 has been received from some members proposing the candidature of Mr. N. L. Bhatia for Directorship in the Company, in place of Mr. Jayant P. Shah signifying their intention to propose the candidature of Mr. N. L. Bhatia, for the appointment as Director liable to retire by rotation in place of Mr. Jayant Shah. 9. AUDITORS M/s. V. N. Sodha & Co. Chartered Accountants were appointed as Auditors of the Company for the financial year 1994-95, in the last Annual General Meeting held on 6th September, 1994. During the year the Company had received notice from M/s. V. N. Sodha & Co., Chartered Accountants showing their inability due to poor health and couple of heart attacks to complete the audit for the year 1st April, 1994 to 31 st March, 1995. The Board appointed M/s. P. G. Khandekar & Co., Chartered Accountants to fill up the casual vacancy to examine, audit and report on the accounts for the year from 1.4.1994 to 31st March, 1995. The term of office of M/s. P. G. Khandekar & Co., Chartered Accountants, Bombay as Auditors of the Company expires at the conclusion of the ensuing Annual General Meeting. They are eligible for re-appointment and the Company has received a certificate from them that their appointment, if made, would be within the prescribed limits, under Section 224 (1B) of the Companies Act, 1956. You are requested to re-appoint them as Auditors for the financial year 1995-96. 10. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGOING. The Company has no manufacturing activity at present and therefore, the disclosure of particulars as required under Section 217 (1) (e) of the Companies Act, 1956 in so far as it relates to the conservation of energy and technology absorption and foreign exchange earnings and outgoing is not applicable. 11. PARTICULARS OF EMPLOYEES Provision of Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 are not applicable to the Company, since non of the employees of the Company was in receipt of total remuneration of Rs. 3,00,000/- per annum or Rs. 25,000/- per month during the financial year, under review. 12. PERSONNEL Your Directors wish to place on record their sincere appreciation for the dedication shown by the employees at all levels during the year. 13. ACKNOWLEDGEMENT 1) Your Directors are very much thankful to M/s. Polytype - Switzerland and Calico Industrial Engineers - Bombay (India) for all the co-operation extended to us inspite of their busy schedule, by giving us a glamorous and beautiful plant with all modern and computerized facility, within the stipulated time. 2) Your Directors are thankful to BASF - Germany and Bombay for their kind co-operation and guidance given time to time for successfully setting up the Plant. 3) Your Directors are grateful to Industrial Development Bank of India and the Bankers for their continued assistance and guidance. For and on Behalf of the Board of Directors Sd/- T. K. SINHA Chairman Place: Bombay, Date: May 26, 1995.
No Data

Related News

 
No Related News

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Ballarpur Inds. 954.41 31.65 0.60 10.70 2.1 3.3 0.51
Internat. Paper 945.33 0.00 2.07 9.78 0.0 0.0 0.99
T N Newsprint 927.41 6.86 0.90 5.06 9.1 9.2 1.61
Rainbow Papers 733.71 24.07 1.89 14.52 9.8 7.6 1.93
JK Paper 459.04 0.00 0.53 13.08 2.7 3.0 1.65
West Coast Paper 355.02 40.41 0.59 6.35 8.3 7.7 2.01
Seshasayee Paper 238.27 10.90 0.66 5.50 6.1 8.9 0.97
Emami Paper 169.40 6.75 0.73 6.43 5.8 7.7 2.34
Metroglobal 69.40 2.64 0.36 3.55 7.8 6.4 0.52
Pudumjee Pulp 51.13 4.05 0.38 4.44 13.1 9.6 0.77
Shree Rama News. 47.17 0.00 0.89 96.55 0.0 0.0 3.61
Mysore Paper 46.25 0.00 -0.20 0.00 0.0 0.0 0.00
Kuantum Papers 45.35 2.29 0.59 3.63 18.2 15.8 2.87
S I Paper Mills 45.00 8.47 0.46 2.28 14.6 19.1 0.14
N R Agarwal Inds 43.49 54.36 0.39 9.88 4.3 4.8 2.01

Futures & Options Quote

 
Expiry Date
NA
Instrument: NA
Expiry Date: NA
Strike Price: NA
Open Price: NA
Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
View detailed F& O quotes >>

Key Information

Key Executives:

T K Sinha , Chairman 

R J Majra , Director 

B N Srivastava , Director 

Vishwas B Panse , Director 


Company Head Office / Quarters:
206 Shripal Indl Estate,
S V Rd Oshiwara Jogeshwari (W),
Mumbai,
Maharashtra-400102
Phone : 91-22-6248887/6701134/6202082
Fax : 91-22-6248712
E-mail :
Web : http://
Registrars:
Vijay Securities Services P L
19 Shakil Niwas
Satya SaiBaba Temple
M C Road Andheri (E)
Mumbai - 400 093

Fund Holding

 
Scheme Name No. of Shares
No data found

Calendar

Apr-2014
M T W T F S S
14 15 16 17 18 19 20
IPO
listNo IPO today
Economic Events
list Italian Industrial Orders s.a. (MoM)
list Italian Industrial Orders n.s.a. (YoY)
Results
list Reliance Inds.