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Company Information

Home » Market » Company Information

Caprolactam Chemicals Ltd.

Jan 17
64.50 +2.90 (+ 4.71 %)
 
VOLUME : 1397
Prev. Close 61.60
Open Price 64.60
TODAY'S LOW / HIGH
62.00
 
 
 
64.65
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
17.55
 
 
 
113.25
Caprolactam Chemicals Ltd. is not traded in NSE
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Market Cap. ( ₹ ) 29.67 Cr. P/BV 7.27 Book Value ( ₹ ) 8.87
52 Week High/Low ( ₹ ) 113/18 FV/ML 10/1 P/E(X) 45.62
Bookclosure 28/09/2020 TTM EPS ( ₹ ) 0.16 Div Yield (%) 0.00
DIRECTOR'S REPORT
You can view full text of the latest Director's Report for the company.
Year End :2014-03 The Members,

The Directors have pleasure in presenting their 25th Annual Report together with the Audited Accounts for the year ended on 31st March, 2014.

FINANCIAL HIGHLIGHTS

Particulars                       31st March,2014   31st March,2013
Profits /Loss (before interest depreciation and taxation) -9,81,813 72,01,116

Less: Interest                              7,904            25,978

Depreciation                            18,70,613         21,86,826

Profit /Loss before Tax                -28,60,329         49,88,312

Less :Provision for Taxation                   0           9,65,330

Add : Deferred Tax Benefit               1,55,988          1,81,457

Profit/Loss aftertax                   -27,04,341         42,04,439

The Company's operation remained confined mainly to job work. Your Directors are taking various initiatives for improving the condition of the Company.

DIVIDEND

In order to conserve the financial resources of the Company, your Directors deem fit not to recommend any dividend for the year under review.

BIFR

Your company was registered as sick company by the Board of Industrial and Finance Reconstruction (BIFR) in the year 2001. The net worth of the company as per balance sheet of the year ending 31-12-2006 has turned positive which has been considered by the (BIFR) bench and the Bench allowed the MA and therefore, your company has been de-registered (Case No.36/2001) from the purview of SICA/BIFR. The case of the winding up of order of the Bombay High Court is still pending for the hearing.

DIRECTORS

In accordance with the provision of the Companies Act, 1956, Mr. Vikram P Adagale and Mr. Rajesh P Mange retire by rotation and being eligible offer themselves for re-appointment.

DIRECTORS' RESPONSIBILITY STATEMENT

The Board of Directors of the Company confirms that:

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

2. The directors had 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 of the company for that period

3. The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

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

5. The directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate were operating effectively.

6. The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

RELATED PARTY TRANSACTIONS

In accordance with the Accounting Standard 18 prescribed by the Institute of Chartered Accountants of India, transactions with related parties have been disclosed separately and form a part of this report.

CORPORATE GOVERNANCE

A report on Corporate Governance along with Auditors' certificate regarding compliance of conditions of corporate governance as stipulated in Clause 49 of Listing Agreement and Management Discussion and Analysis Report are annexed to this Report.

LISTING FEE PAYMENT

The Company's securities are listed on the Bombay Stock Exchange Limited and the Company has paid Annual Listing fee for the financial year 2014-15.

PARTICULARS OF EMPLOYEES

There were no employees drawing remuneration in excess of the limit prescribed under Section 217 (2A) of the Companies Act, 1956. FIXED DEPOSITS:

The Company has not accepted any deposits from the public within the meaning of Section 58A of the Companies Act, 1956.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION ETC.

The information as required under Section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988 and forming part of Directors' Report for the year ended 31st March, 2014 is annexed and forms a part of this Report.

INDEPENDENT DIRECTORS:

The Independent Directors of the Company had submitted their declaration in the First Board meetings of the directors that they meet the criteria of the Independence as provided in sub-section 6 of section 149 of companies Act 2013.

VIGIL MECHANISM:

In pursuant to the provisions of section 177 (9) & (10) of the companies Act, 2013 a vigil mechanism for directors and employees to report the genuine concerns has been established.

AUDITORS:

Mr. Jatin Shah, Chartered Accountant, Auditor of the Company, retires at the forthcoming Annual General Meeting and being eligible offer himself for reappointment. The Board recommends appointment of Mr. Jatin. Shah as the statutory auditor of the Company for the next year.

COMPLIANCE CERTIFICATE

In accordance with Section 383A of the Companies Act, 1956 and Companies (Compliance Certificate) Rules, 2001, the Company has obtained a Certificate from a Secretary in whole time practice confirming that the Company has complied with all the provisions of the Companies Act, 1956 during the financial year under review and a copy of such certificate is annexed to this Report.

ACKNOWLEDGEMENT:

Yours Directors record their appreciation for the valuable cooperation extended by Banks and concerned Government and other authorities. Your Directors acknowledge the contribution made by the Company's personnel at all levels.

                           For and on behalf of the Board of Directors
PLACE: Mahad              (Mrs. Zaver S. Bhanushali)
DATE: 30th May, 2014      Chairperson and Managing Director