UNIALKEM FERTILIZERS LIMITED
Your Directors have pleasure in presenting their report herewith Audited
Accounts for the year ended 31st March, 1995.
CURRENT YEAR PERFORMANCE
The Company has referred the case to BIFR and simultaneously placed its
proposal for modernisation and expansion programmes to the financial
institutions. The scheme envisages modernisation cum expansion (MODEX) of
its existing production facilities by installation of a high pressure
boiler and a turbo generator set for power generation, capital expenditure
to optimise utilisation of its plant capacity of Sulphuric Acid and Single
Super Phosphate. The cost of the scheme is estimated at Rs. 278.66 lacs.
Due to the untiring effort of our Managing Director and other staff
members, the proposal has been accepted by the BIFR and financial
institutions. The company has proposed to increase the installed capacity
from 60,000 TPA to 90,000 TPA and 23760 TPA to 33000 TPA in SSP and SA
plants respectively. When the modernisation and expansion programme are
implemented the company would be able to wipe off the accumulated loss in
another 3/4 years.
Industrial relations remained cordial throughout the year.
S/Shri. Gopal R. Pareek, Vijay Panjwani and Pritam Babu Sharma, Directors
retire by rotation at the forthcoming Annual General Meeting and being
eligible offer them selves for reappointment.
The information pertaining to conservation of energy, technology
absorption, foreign exchange earnings and outgoing forming part of this
report is annexed. The information pursuant to provision of Section 217
(2A) of the companies Act, 1956 and the Rules framed there under relating
to particulars of employees also forming part of this Report is given in
the annexure hereto.
The auditors, M/s. R.C. Baheti & Co., Chartered Accountants hold office
till the conclusion of the ensuing Annual General Meeting and the
recommended for reappointment. They have given certificate to the effect
that their reappointment, if made would be within the limits prescribed
under section 224 (1B) of the Companies Act, 1956.
The Board acknowledges the valuable support and co-operation of the various
government agencies. Financial institutions, Banks, Customers, Suppliers,
Shareholders and employees and look forward to their continued support.
ANNEXURE TO THE DIRECTORS REPORT
[UNDER SECTION 217 (E) OF THE COMPANIES ACT, 1956]
A. CONSERVATION OF ENERGY
Your Company gives high priority for conservation of energy particularly
through recovery of waste heat and converting the same in to steam at 17.00
Jgs/Cm2 Approximately 20% of the generated steam is being used for melting
Sulphur in the Sulphuric Acid Plant.
POWER AND FUEL CONSUMPTION 31st March, 95 31st March, 94
Units (Lacs KWH) 20.91 12.33
Total Amount (Rs. Lacs) 56.46 29.39
(b) Own generation unit 0.11 0.10
2. Furnace Oil Nil NIl
3. Others diesel oil (KL) 2.39 1.87
CONSUMPTION PER TONNE OF PRODUCTION
Electricity (Unit KWH)
1. Single Super Phosphate 18.19 18.64
2. Sulphuric Acid 61.57 67.88
B. TECHNOLOGY ABSORPTION
Information against each item of Form B in nil since the company is not
engaged in any Research and Development to Technology absorption, adoption
or innovation. The Company also does not have any activities or plan
related to export/earning foreign exchanges.
Chairman Cum Managing Director
Place : Bhopal
Date : 17th Aug., 1995.