trans techno foods ltd share price Directors report

1996 TRANS TECHNO FOODS LIMITED DIRECTORS REPORT The Directors are pleased to submit Second Annual Report and Audited Statement of Account for the year ended 31st March, 1996 DIVIDEND Your Directors do not recommend any dividend for the year. OPERATION During the year the Company has earned the income of Rs.11,58,740/- and after appropriating expenses and depreciation the company has incurred net loss of Rs.48,507/-. STATUS OF THE PROJECT The implementation of the Project of Oyster Mashroom is going on full swings. The Satus of the Project is as under. ACTIVITY STATUS 1. Land Acquisition Completed 2. Registration of Sale Deed Completed in May, 95 3. N.A. Permission Obtained in Sept,94 4. Factory Building Construction Completed. 5. Power Connection 50 H.P. availed and balance 50 H.P. is expected during this year. 6. Order for machinery Delivery Received at site. 8. Commercial Production Expected to commence during this year. PARTICULARIZE OF EMPLOYEES There is no employee drawing remuneration of Rs.12000/- the information as per section 217(1) (e) of the said Act read with the Companies (disclosure of Particulars in the Report of Board of Directors) Rules. 1988 are not required to be furnished. CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION AND FOREIGN EARNINGS/OUTGO. The Company has no activities relating to conservation of energy and technology absorption, and there was no foreign exchange earning, Expenditure in foreign currency amounted to Rs. 209134-00 during the year for travelling purpose. FIXED DEPOSITS The Company has not accepted any fixed Deposits during the year. AUDITORS M/S. Dharmendra & Khajanchi, Chartered Accountants, Auditors of the Company whose term expire at the Annual General Meeting and being eligible offers themselves for re appointment. for and on behalf of the Board Hemrajsinh Vaghela Narayansinh Gohil (Managing Director) (Director) Place: Ahmedabad Dated: 2nd September, 1996.