Superior Sox Ltd


BSE: 514438 | NSE: NA | ISIN: NA 
Market Cap: [Rs.Cr.] 1 | Face Value: [Rs.] 10
Industry: Textiles - Products

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Director's Report

Superior Sox Limited Annual Report 1998-99 REPORT OF DIRECTORS TO THE MEMBERS: Your Directors have pleasure in submitting their seventh Annual Report and audited results for the year ended 31st March,1999. 1. Dividend In view of the losses, the Directors do not recommend any dividend. 2. Employee Relations: Employee relations continue to be cordial. There is no employee drawing remuneration in excess of limit prescribed in the Companies (Particulars of Employees) Rules 1975, and therefore the provisions of Section 217 (2A) of the Companies Act 1956 are not applicable. 3. Conservation of energy, technology absorption and foreign exchange reserves outgo . The particulars u/s 217(1)(e) of the Companies Act 1956 read with company's (Disclosure of particulars in the report of Board of Directors) Rules 1988 are attached to this report as Annexure"A". 4. Auditor's Report: In respect of the remarks given in the auditors report to the shareholders, the explanation given in the notes to accounts are self explanatory, 5. Resignation of Directors: During the year Mr. Anil Kumar Jain and Mr. Rajesh Mandawewala resigned from the board due to their pre-occupation and other commitments. The Board of Directors have- accepted their resignation and appreciate their valued contribution during their tenure with the Company. 6. Y2K Compliance The Company has taken appropriate and effective steps to achieve Year 2000 (Y2K readiness by October/November 1999. The additional expenditure involved is marginal. Necessary contingency plan has been made. 7. Auditors: Members are requested to appoint Auditors for the current year and to authorise the Board of Directors to fix their remuneration. M/s Malpani & Associates the retiring auditors have furnished the certificate of eligibility for re-appointment under Section 224 (1 B) of the Companies Act, 1956 and have indicated their willingness to continue. 8. Acknowledgement: Your Board would like to place on record its sincere appreciation for the whole hearted support and contribution mad by its employees as well as IDBI, Vijaya Bank. Bank of Baroda, Suppliers, Overseas Associate, Government and Semi-Government Bodies towards the conduct of the operation during the financial year. For and on Behalf of the Board Date 1st September, 1999 L. K. LOHIA CHAIRMAN & MANAGING DIRECTOR REGD. OFF: PLOT NO. 104/1P, OFF MORAI VATAR APPROACH ROAD, OFF NATIONAL HIGHWAY NO.8, MORAI VILLAGE, TALUKA PARDI DIST VAI SADI GUJARAT ANNEXURE A TO DIRECTORS' REPORT: Information pursuant to the companies (Disclosure of Particulars in the report of the Board of Directors) Rules, 1988. 1. CONSERVATION OF ENERGY: Total energy consumption per unit of production as under: 2. TECHNOLOGY ABSORPTION: No special drive took place during the year on R & D directed towards process upgradation, cost curtailment etc. 3. FOREIGN EXCHANGE EARNING AND OUTGO: a) Foreign Exchange earned Rs. 2,78,45,325 3,44,07,115 b) Foreign Exchange outgo 75,63,108 54,93,385 (raw material, Capital goods, business travels, etc.) For and on Behalf of the Board Date: 1st September, 1999 L. K. LOHIA CHAIRMAN MANAGING DIRECTOR REGD. OFF: PLOT NO. 104/1P, OFF MORAI VATAR APPROACH ROAD, OFF NATIONAL HIGHWAY NO.8, MORAI VILLAGE, TALUKA PARDI DIST VALSAD. GUJARAT.
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Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Page Industries 6,461.09 45.42 30.26 20.10 59.3 57.2 0.47
Trent 3,334.63 43.96 2.18 30.25 3.1 3.9 0.16
Shoppers St. 3,050.94 68.54 4.40 25.65 5.8 9.5 0.44
Future Retail 2,787.86 0.00 0.85 8.87 1.3 5.8 0.89
Bombay Rayon 2,515.67 0.00 0.81 8.39 6.1 8.6 1.21
Raymond 2,038.43 57.16 1.98 13.29 -3.4 5.1 1.24
Rupa & Co 1,763.31 28.18 7.54 12.80 29.1 26.7 0.90
Kewal Kir.Cloth. 1,541.31 24.53 6.07 9.87 22.3 30.8 0.06
Welspun India 1,157.16 0.00 1.09 4.55 17.2 13.2 1.71
Mandhana Indus 762.42 17.23 1.62 8.38 14.7 13.9 1.75
Kitex Garments 585.20 10.20 3.36 4.45 26.7 26.8 0.92
Lovable Lingerie 565.82 23.10 3.25 14.92 9.4 12.5 0.04
Zodiac Cloth. Co 535.16 43.53 3.15 14.76 6.6 9.0 0.27
K P R Mill Ltd 516.03 4.51 0.78 2.27 15.9 15.9 0.92
Trident 502.10 2.51 0.71 4.22 7.3 10.8 3.33

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Key Information

Key Executives:

L K Lohia , Chairman & Managing Director 

Anil K Jain , Director 

Rajesh R Manadawewala , Director 

Balkrishnan Binani , Director 


Company Head Office / Quarters:
Plot No 104/1p, Pardi Taluk,
Morai Village,
Valsad,
Gujarat-
Phone :
Fax :
E-mail :
Web : http://
Registrars:
K R Fin & Mana Ser(P) Ltd
103 Omex Apartments
1st Floor 64 S Road
Koldongri Andheri(E)
Mumbai - 400 069

Fund Holding

 
Scheme Name No. of Shares
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