Hansaflon Plasto Chem Ltd. के निदेशक की रिपोर्ट

Mar 31, 2011

The Directors have the pleasure in presenting the Twentieth Annual Report and that of the Auditors together with the audited Balance Sheet as at 31st March 2011 and the Profit and Loss account for the year ended on that date.

FINANCIAL RESULTS Rs. IN LACS

Particular Year Ended Year Ended 31.3.2011 31.3.2010

1. Sales/Income from Operation 106.39 259.36 and Other Income

2. Total Expenditure 435.66 398.34

3. Tax 00.00 00.00

4. Net Profit (32.92) (128.36)

COURSE OF BUSINESS AND OUTLOOK

During the year progress has continued in the company's performance. Your company had achieved a turnover of Rs. 106.09 lakhs The board of directors have planned for further expansion for the current year which will increase the turnover of the company substantially and in turn will improve profitability of the company as well.

However there are great challenges ahead not only for your company but for the industry as a whole. With the continued confidence of all our associates, we will aggressively meet those challenges with renewed faith in our company and the future that we all share.

FIXED DEPOSIT

The Company has not accepted any fixed deposit during the year.

DIRECTORS

Mr. Sushant Gupta Director of the Company retires at ensuing Annual General Meeting and being eligible, offer himself for re-appointment. The Board recommends her appointment.

AUDITORS

M/s. Naresh J Gupta & co., statutory Auditors of the company retire at the conclusion of the ensuing Annual General Meeting and are being eligible for re-appointment. Accordingly a resolution is being submitted to the members for their re-appointment and to fix their remuneration for the current year. The Board recommends their re-appointment.

STATUTORY DISCLOSURES

Foreign Exchange earning and outgo: The total foreign exchange outgo during the year was Rs. Nil towards the import of raw materials, components and traveling. During the year the foreign exchange earning was nil.

DIRECTORS RESPONSIBILITY STATEMENT

Directors hereby declare

1. that in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

2. that the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for that period.

3. that the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities subject to the inherent limitations that should be recognized in weighing the assurance;

4. The directors have prepared the annual accounts on a going concern basis.

EMPLOYEE RELATIONS

Employee relations throughout the company were harmonious. The board wishes to place on record its sincere appreciation of the devoted efforts of all employees in advancing the company's vision and strategy to deliver another record performance.

Pursuant to clause 49 of the listing agreement, a report of compliance of corporate governance as on 31.03.011 duly certified by the auditors of the company is annexed (Annexure-B)

AUDIT COMMITTEE

The audit committee shall meet at least thrice a year. One meeting shall be held before finalization of annual accounts and one every six months. LISTING OF EQUITY SHARES

Shares of your Company are listed on the Mumbai Stock Exchange.

ACKNOWLEDGEMENT

Your Directors would like to express their grateful appreciation for the support and co-operation of all the shareholders. On behalf of all the company's stakeholders who benefit from the hard work of the employees and continued assistance received from various state and central government authorities, financial institutions and banks.

On behalf of the Board of Directors

Sd/- Sd/-

Place: New Delhi ANITA GUPTA HEMANT GUPTA (DIRECTOR)

Date:15.07.11 (DIRECTOR)

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Mar 31, 2009

The Directors have the pleasure in presenting the Eighteenth Annual Report and that of the Auditors' together with the audited Balance Sheet as at 31st March 2009 and the Profit and Loss account for the year ended on that date.

FINANCIAL RESULTS Rs. IN LACS

Particular Year Ended Year Ended 31.3.2009 31.3.2008

1. Sales/Income from Operation 1359.03 1064.43 and Other Income

2. Total Expenditure 1458.61 1074.88

3. Tax - -

4. Net Profit (99.58) (10.44)

COURSE OF BUSINESS AND OUTLOOK ,

During the year company faced recession and ultimately profitability was sacrificed to meet the sales targets. The Board of directors have planned to consolidate the performance of existing and new business.

However, there are great challenges ahead not only for your company but for the industry as a whole. With the continued confidence of all our associates, we will aggressively meet those challenges with renewed faith in our company and the future that we all share.

FIXED DEPOSIT

The Company has not accepted any fixed deposit during the year.

DIRECTORS

Mrs. Rajni Aggarwal, Director of the Company retires at ensuing Annual General Meeting and being eligible, offer herself for re-appointment. The Board recommends her appointment. .

AUDITORS

M/s. Alok Mittal & Associates, statutory Auditors of the company retire at the conclusion of the ensuing Annual General Meeting and are being eligible for re-appointment

PARTICULARS OF EMPLOYEES AS PER SECTION 217 (2A) OF THE COMPNAY ACT. 1956:

In terns of the provisions of Section 217 (2A) of the Companies Act, 1956, read with the companies (Particulars of Employees) Rules, 1975 as amended, the names and the other particulars of the employees are set out in the annexure to the Director's Report.

However, as per the provisions of Section 219 (1) (b) (iv) of the said Act the Annual Report excluding the aforesaid information is being sent to all the members of the Company and others entitled thereto. Any members interested in obtaining such particulars may write tot eh Company Secretary at the registered office of the Company.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS/OIJTGO:

Significant measures are being taken to reduce energy consumption by using energy-efficient equipment. The Company has brought effective machines based on international standards within the reach of every individual. The Company is engaged in conducting research and development programs and has over a period, developed an excellent procedure of effective production.

FOREIGN EXCHANGE EARNING AND OUTGO:

The total foreign exchange outgo during the year was Rs. Nil towards the import of raw materials, components and traveling. During the year the foreign exchange earning were nil.

DIRECTORS RESPONSIBILITY STATEMENT Directors hereby declare

1. that in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

2. that the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for that period.

3. that the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities subject to the inherent limitations that should be recognized in weighing the assurance;

4. The directors have prepared the annual accounts on a going concern basis.

EMPLOYEE RELATIONS

Employee relations throughout the company were harmonious. The board wishes to place on record its sincere appreciation of the devoted efforts of all employees in advancing the company's vision and strategy to deliver another record performance.

CORPORATE GOVERNANCE

Pursuant to clause 49 of the Listing Agreement, a report of compliance of corporate governance as on 31 /03/2009 duly certified by the auditors of the company is annexed.

LISTING OF EQUITY SHARES

Shares of your Company are listed on the Mumbai Stock Exchange.

ACKNOWLEDGEMENT

Your Directors would like to express their grateful appreciation for the support and co-operation of all the shareholders. On behalf of all the company's stakeholders who benefit from the hard work of the employees and continued assistance received from various state and central government authorities, financial institutions and banks.

On behalf of the Board of Directors

Sd/-

RAJEEV S. AGGARWAL

(MANAGING DIRECTOR)

Place: New Delhi

Date : 10.08.09

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Mar 31, 2008

The Directors have the pleasure in presenting the Seventeenth Annual Report and that of the Auditors together with the audited Balance Sheet as at 31st March 2008 and the Profit and Loss account for the year ended on that date.

FINANCIAL RESULTS Rs. IN LACS

Particular Year Ended Year Ended 31.3.2008 31.3.2007

1. Sales/Income from Operation 1064.43 1856.54 and Other Income

2. Total Expenditure 1074.88 739.16

3. Tax 0.55 0.06

4. Net Profit (10.08) 1117.32

COURSE OF BUSINESS AND OUTLOOK

During the year progress has continued in the company's performance. Your company had achieved a turnover of Rs. 1064 lakhs as compared to the turnover of Rs.703 lakh . The board of directors have planned for further expansion for the current year which will increase the turnover of the company substantially and in turn will improve profitability of the company as well.

However these are great challenges ahead not only for your company but for the industry as a whole. With the continued confidence of all our associates, we will aggressively meet those challenges with renewed faith in our company and the future that we all share.

FIXED DEPOSIT

The Company has not accepted any fixed deposit during the year.

DIRECTORS

Mr. Vinod Pant, Director of the Company retires at ensuing Annual General Meeting and being eligible, offer himself for re-appointment. The Board recommends her appointment.

AUDITORS

M/s. Alok Mittal & Associates, statutory Auditors of the company retire at the conclusion of the ensuing Annual General Meeting and are being eligible for re-appointment. Accordingly a resolution is being submitted to the members for their re-appointment and to fix their remuneration for the current year. The Board recommends their re-appointment.

STATUTORY DISCLOSURES '

Foreign Exchange earning and outgo: The total foreign exchange outgo during the year was Rs. Nil towards the import of raw materials, components and traveling. During the year the foreign exchange earning was nil.

DIRECTORS RESPONSIBILITY STATEMENT Directors hereby declare

1. that in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

2. that the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for that period.

3. that the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities subject to the inherent limitations that should be recognized in weighing the assurance;

4. The directors have prepared the annual accounts on a going concern basis.

EMPLOYEE RELATIONS

Employee relations throughout the company were harmonious. The board wishes to place on record its sincere appreciation of the devoted efforts of all employees in advancing the company's vision and strategy to deliver another record performance.

CORPORATE GOVERNANCE

Pursuant to clause 49 of the listing agreement, a report of compliance of corporate governance as on 31.03.08 duly certified by the auditors of the company is annexed (Annexure-B)

AUDIT COMMITTEE

It comprises of Mr. Vinod Pant & Mr. Rajeev S. Agarwal Directors of the Company. The audit committee shall meet at least thrice a year. One meeting shall be held before finalization of annual accounts and one every six months.

LISTING OF EQUITY SHARES

Shares of your Company are listed on the Mumbai Stock Exchange.

ACKNOWLEDGEMENT

Your Directors would like to express their grateful appreciation for the support and co-operation of all the shareholders. On behalf of all the company's stakeholders who benefit from the hard work of the employees and continued assistance received from various state and central government authorities, financial institutions and banks.

On behalf of the Board of Directors

Sd/-

Place: New Delhi RAJEEV S. AGGARWAL

(MANAGING DIRECTOR)

Date : 07.08.08