kandhari rubbers ltd Directors report

DIRECTOR

Your Directors have pleasure in presenting the Twenty Seventh Annual Report together with the Audited Accounts for the financial year 31^st March,2013.

FINANCIAL RESULTS:

		(Rs.in Lacs )
	2012-2013	2011-2012
1. Sales/ Other Receipts	01.77	19.31
2. Gross Profit /(Loss)	00.00	(04.50)

DIRECTORS:

In pursuance of the provisions of the Companies Act, 1956 and Articles of Association of the Company, Shri. K L Arora, retire by rotation and eligible for reappointment..

INSURANCE:

All properties of the company including Building, Plant & Machinery, Equipment & other Assets, wherever necessary and to the extent required have not been insured as Assets were illegally possessed and sold by the FIs . Your company had Challenged the sale by FFs through writ before Honrable RHC Jodhpur .

INDUSTRIAL RELATION:

Industrial relations during the year under consideration have been cordial. The Management will always value & cherish the devotion & commitment demonstrated by loyal employees at all levels.

PARTICULARS OF EMPLOYEE:

The Company has no employees whose salary exceeds the limit prescribed under the section 217(2A), of the companies Act, 1956. Hence information required to be given under the said section read with Companies (Particulars of Employees) Rules, 1975 as amended w.e.f. April 17, 2002 has not been provided in this report.

DIRECTORS RESPONSIBILITY STATEMENT:

As required under section 217(2AA) of the Companies Act, 1956 your Directors confirm that:

1. In preparation of the Annual Accounts, applicable accounting standard have been followed with proper disclosure of any departure.

2. The accounting policies are consistently applied and reasonable, prudent judgment and estimate are made so as to give a true and fair view of the state of affairs of the company at the end of financial year.

3. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provision of the said Act for safe guarding the assets of the Company and for preventing and deducting fraud and other irregularities.

4. The Annual Accounts have been prepared on a going concern basis.

CORPORATE GOVERNANCE:

Pursuant to clause 49 of listing agreement with the Stock Exchanges., Management Discussion & Analysis, Corporate governance Report and Auditors Certificate regarding compliance of the conditions of Corporate Governance are made a part of this Annual Report.

LISTING :

The equity shares of the Company are at present listed with the Stock Exchange, Mumbai, The Stock Exchange, Ahmedabad, The Stock Exchange, Jaipur,- Delhi Stock Exchange Association Limited, New Delhi.

AUDITORS:

The auditors M/s C.K. Jagetia & Co., Chartered Accountants, Udaipur retire at the ensuing Annual General Meeting and are eligible for re-appointment.

CONSERVATION OF ENERGY / TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO :

The information relating to conservation of energy, Technology absorption and Foreign Exchange earning and outgo as required under section 217(1 )(e) of the Companies Act, 1956 read with the Companies ( Disclosure of particulars in the report of Board of Directors ) Rules, 1998 is annexed here to and forms part of the report.

ACKNOWLEDGEMENT:

The Directors wish to place on record their appreciation for the co-operation received from shareholders, valued customers, and deeply appreciate the commitment and dedication of employees at all levels.

ANNEXURES TO THE DIRECTORS REPORT FOR THE YEAR ENDED 31.03.2013:

Information in accordance with section 217(l)(e) of the Companies Act, 1956 read with Companies (Disclosure of particulars in the report of Board of Directors) , Rules 1988 and forming part of Directors Report:

1. Conservation of Energy : The Company is making all round efforts for conservation of energy. To reduce the cost energy efficient equipments were used and the effect of the same has been felt. Total energy consumption per unit of production as prescribed in form A .

POWER AND FUEL CONSUMPTION:

	CURRENT YEAR 2012-13	PREVIOUS YEAR 2011-12
1 Electricity
a) PURCHASED	N.A	N.A
Units
Total amounts (in lac)
Cost/unit (in Rs)
b) Own generation
Through Diesel Generator (in lacs)	0.00	0
Units	0	0
Unit per litre of diesel oil	0	0
Average Rate/Litre (Rs)	0	0
Average Cost/unit (Rs)	0	0
2. LDO
Quantity (K Litre)	Nil	Nil
Total Amounts (Rs in lacs)	Nil	Nil
Average Rate (Per litre)	Nil	Nil

2. TECHNOLOGY ABSORPTION:

EFFORTS MADE IN TECHNOLOGY ABSORPTION AS PER FORM-B OF THE ANNEXURE TO THE RULES:

1. RESEARCH & DEVELOPMENT (R&D):

a) Specific area in which R&D carried out by the Company: None

b) Benefits derived as a result of the above R&D: Not Applicable

c) Future plan of action: Efforts are aimed at cost reduction, improvement in quality. The benefit of this will of course be visible in the years to come.

d) Expenditure on R&D: NIL

2. TECHNOLOGY ABSORPTION , ADOPTION AND INOVATION :

Not Applicable.

3. FOREIGN EXCHANGE EARNINGS AND OUTGO :

a) Activity relating to exports initiative taken to increase export market for products and services and export plan.

b) The company continues to make Export marketing & survey.

	(Rs. In lacs )
	Current	Previous
	Year	Year
	2012-13	2011-12
Foreign exchange earned	0.00	0.00
Foreign Exchange out go	0.00	0.00

 

	For & on behalf of the Board
Place: Udaipur
Date: 25.08.13	sd
	(Harish kandhari)
	Mg. Director