Annual Report 1998-99
HANUMAN FABRICS LIMITED
DIRECTORS' REPORT
TO
The members,
HANUMAN FABRICS LIMITED
Your Directors have pleasure in presenting their 15th Annual Report and
Audited Balance Sheet and Profit & Loss Account for the year ended 31st
March, 1999.
DIVIDEND
Your Directors do not propose any dividend due to the smallness of the
Profit during the year.
DIRECTORS
Shri. Madhusudan Lohia and Shri Vinod Kumar Poddar retire by rotation and
being eligible offers themselves for reappointment. You are requested to
consider their appointment.
PUBLIC DEPOSITS
The Company has not accepted any Deposits from Public during the year under
report.
PARTICULARS OF EMPLOYEES
The information of Employees pursuant to Section 217(2A) of the Companies
Act, 1956 is nil.
CONSERVATION OF ENERGY
The Company did not had any power consumption during the year. As such
information regarding conservation of energy is not applicable.
TECHNOLOGY ABSORPTION Nil.
FOREIGN EXCHANGE EARNINGS Nil.
FOREIGN EXCHANGE AND OUTGO
Travelling Expenses Rs. 121141/-
Professional Fees Rs. 368072/-
Capital Goods Rs. 510488/-
AUDITORS
The Auditors of the Company M/s. B.L. Sarda & Co., Chartered Accountants,
Mumbai retires at the conclusion of the current AGM and are being eligible
for re-appointment.
ACKNOWLEDGMENT
The Directors record their appreciation of the co-operation from the
Employees and Bankers during the year.
YEAR 2000 PREPAREDNESS
The Company do not have any processes functions, which could adversely
affected due to year 2000 problem.
The cost to the Company due to the year 2000 issues is negligible.
The Company is fully prepared for the year 2000 problem and do not foresee
any system breakdown/failure.
FOR AND BEHALF OF THE BOARD
FOR HANUMAN FABRICS LIMITED
ARVIND KUMAR PODDAR
CHAIRMAN
Regd. Office
101, Shiv Shakti Industrial Complex,
J.R. Boricha Marg, Lower Parel,
Place : Mumbai 400 001
Dated : 31.5.1999
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