SHREE BENZOPHEN INDUSTRIES LIMITED
ANNUAL REPORT 2006-2007
Your Directors hereby present the 15th Annual Report together with the
Audited statement of the account for the year ended on 31st March 2007.
1. Financial Results:
Year Ended Year Ended
Sales, Job work Charges and 92.72 52.30
Interest 16.87 3.59
Depreciation 33.70 56.02
Loss before tax 30.06 65.98
Tax (FBT) 0.05 0.13
Loss after tax. 30.11 66.11
Balance Brought from earlier 738.25 673.02
Prior Period Adjustment (0.06) 0.88
Total toss carried to Balance 768.42 738.25
2. Public Deposits:
The company has not accepted any deposit u/s 58A of the Companies Act, 1956
during the year under report.
Shri. I.S. Sodha, Directors shall retire by rotation at the ensuing annual
general meeting and being eligible offer themselves for reappointment.
a. Directors Responsibility:
Pursuant to section 217 (2AA) of the Companies (Amendment) Act, 2000 the
Directors confirm that.
i) In the preparation of the annual accounts the applicable accounting
standards have been followed.
(ii) appropriate accounting policies have been selected and applied
consistently and have made judgement and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the
company as at 31st March. 2007 and of the Profit & Loss Account for the
period ended on that day.
(iii) proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act,1950 for safeguarding the assets of the company and for
preventing and detecting fraud and other irregularities.00 the annual
accounts have been prepared on a going concern basis.
5. Corporate Governance Report:
Corporate Governance Report as per clause 49 of the listing agreement with
the Stock Exchanges is annexed herewith.
M/s. S.G. Bhagwat & Co., Chartered Accountants, Auditors of the company
retire at the ensuing annual general meeting and are eligible for
7. Auditors Report:
The observation of the auditors are explained wherever necessary, by way of
appropriate notes to the accounts.
Particulars of Employees:
Information in accordance with the provision of section 217 (1A) of the.
Companies Act, 1956 read with the Companies (Particulars of employees)
Rules, 1975 as amended regarding employees is NIL.
9. Particulars regarding conservation of Energy, Technology Absorption and
Foreign Exchange Income and Outgo:
Information in accordance with the provision of section 217 (1E) of the
companies Act, 1956 read with the Companies (Disclosure of Particulars in
the Report of the Board of Directors Rules 1988 is as per Annexure - A.
Baroda On behalf of the Board
Date :11th August, 2007.
Annual Report 2006
ANNEXURE - A
Information in accordance with the provision of section 217 (1 E) of the
Companies Act, 1956 read, with the Companies / (Disclosure of Particulars
in the Report of the Board of Directors) Rules, 1988 is as under
A. Conservation of energy:
(a) Energy conservation measures taken Nil
(b) additional investments and proposals, if any, begin implemented for Nil
reduction of consumption of energy.
(c) Impact of the measures at(a)and (b) above for reduction of energy: N.A
consumption and consequent impact on the cost of production of goods.
(d) Total energy consumption and energy consumption per unit of production
: As per Form A:
B. Technology absorption:
(e) Efforts made in technology absorption: Nil
C. Foreign exchange earnings and outgo:
(f) Activities relating to exports; initiatives taken to increase exports;
development of new export markets for products and services; and export
(g) Total foreign exchange used and earned. Current Year Pre. Year
Foreign Exchange used : Nil Nil
Foreign Exchange earned : Nil Nil
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