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SKG Solvex Ltd

BSE: 524240 | NSE: ISIN:
Market Cap: [Rs.Cr.] 0.43 Face Value: [Rs.] 10
Industry: Solvent Extraction

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Director's Report
1994 SKG SOLVEX LIMITED DIRECTOR'S REPORT Dear Members, Your Directors have pleasure in presenting the 12th Annual Report of the Company together with Audited Accounts for the year ended 31 st March, 1994. DIVIDEND Your Directors are pleased to recommend for your consideration a Dividend @ 10% on Equity Shares (subject to deduction of tax), for the year 1993-94. The Dividend are subject to the approval of the shareholders. OPERATIONS During the year the company has crushed 63513.692 M.T. of Raw Material. Your Directors are happy to report that inspite of the increasing competition the company has achieved a turnover of Rs. 5068.02 Lacs as against 3514.18 Lacs during the previous year. The net profit earned of Rs. 144.36 Lacs is encouraging, which is 20.30% higher than the profit earned during the previous year. The Company has launched consumer packs of 1/2 ltr., 1 Itr., 2 Itr., 5 Itr., & 15 Itrs. Jars, under the brand name of "CHAHAT". Your Company has already entered in the market of Madhya Pradesh, Rajasthan & Uttar Pradesh. The company proposes to have warehousing facilities in Middle East to get better realisation of Soya Deoiled meal. The crop is very good and particularly in Rajasthan. With the quantum jump in the current year's processing capacities the year seems to be very good for your Company. EXPANSION Your Company has started to expand its existing capacity of Guna plant and setting up a new project at Timarni. The Project implementation has already started and expected to commence production by December, 1994. For this expansion program Term loan has been sanctioned by ICICI Ltd. The combined capacity of all three units (after expansion) will 300000 M.T. per annum. The vegetable oil refinery capacity is being also expanded to 40500 M.T. per annum. Both the projects are going as per schedule. PARTICULARS OF EMPLOYEES During the year under review, there was no employee who came under the perview of section 217 (2A) of the Companies Act 1956. Your company has maintained excellent industrial relation with our brokers and employees. The employees and management team efforts has enable to achieve it present working position. Your Directors wish to place on record their appreciation of the dedicated services rendered by the executive, staff member & workers of the company. DIRECTOR Shri B. L. Jain, Shri Rakesh Mehra & Shri Jitendra Jain retire by rotation and are being eligible for re-appointment. AUDITORS The Auditors M/s. Bhutoria Ganesan & Co. retire at the conclusion of the ensuring Annual General Meeting and offer themselves for re-appointment. The members are requested to appoint Auditors and fix their remuneration. AUDITOR'S REPORT The observations made by the Auditor in the Auditors reports are self explanatory and do not call for any further information. FIXED DEPOSITS Four Company has accepted/renewed certain deposit U/S 58A of the companies Act, 1956 without invitation. There are no overdue as on 1.3.1994. CONSERVATION OF ENERGY & TECHNICAL ABSORPTION The Company's operation do not involve substantial consumption of coal and power in comparison to cost of production. Wherever possible energy conservation measure have been implemented. Power and Fuel Consumption ELECTRICITY 31.03.94 a) Purchased Unit 2626476 Total Amount 5802475 Rate/Unit (Rs. ) 2.21 b) Own Generation (i) Through diesel Generator Unit 92070 Total Amount 204997 Rate/Unit 2.23 COAL Quantity (M.T.) 6449.670 Total Cost 8650626 Average Rate 1341.25 HUSK Quantity (M.T.) 1972.070 Total Cost 1538594 Average Rate 780.12 TECHNICAL ABSORBTION The Company has neither purchased within India nor Imported any Technology. FOREIGN EXCHANGE EARNINGS AND OUTGO Total Foreign Exchange Earned Rs. 438.16 Lacs, Export through Export House Rs. 1314.99 Lacs. Total Foreign Exchange Outgo Rs. 1.78 Lacs. ACKNOWLEDGEMENT Your Directors wish to place on record their acknowledgement of the sincere co-operation the company has received from central and State Government, ICICI, IDBI, MPFC, MPAVN. The state Bank of Indore, State Bank of Bikaner & Jaipur, The Bank of Rajasthan Ltd., Investors, Press, Customers & Suppliers. Behalf of the Board of Directors Place : RAIPUR L. K. JAIN Date :10-10-1994 (Managing Director)
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Key Information

Key Executives:

Swaroop Chand Jain , Chairman

L K Jain , Managing Director

Vimal Jain , Director

Pravin Lunkad , Director

Company Head Office / Quarters:

12 Haji Bldg, 2nd Flr, 182 B,
Ambedkar Road, Opp Fire Brigad,
Phone : Maharashtra-91-22-4149839 / Maharashtra-
Fax : Maharashtra- / Maharashtra-
E-mail :
Web :


SKG Solvex Ltd
P O Box 12,Kusmoda,A B Road,Guna - 473 001

Fund Holding
Scheme Name No. of Shares
Mon Tue Wed Thu Fri Sat Sun
22 23 24 25 26 27 28