Directors Report of National Plastic Technologies Ltd.

Mar 31, 2015

The Directors hereby present the 26th Annual Report of the Company together with the audited statementofaccountsfortheyearended31stMarch2015.

I. Financial Results:

Year ended Year ended Particulars 31.3.2015 31.3.2014 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 8384.21 8214.52

Profit before depreciation and Interest 711.87 636.35

Finance cost 347.96 299.52

Operating Profit/(Loss) 363.91 336.83

Depreciation 158.55 142.61

Profit/(Loss) before taxes 205.36 194.22

Provision for taxation 66.16 63.40

Profit/(Loss) after tax 139.20 130.82

2. Operations /Performance:

The Company''s gross turnover & income during the year under review was Rs.8384.21 lakhs as compared to Rs 8214.52 lakhs in the previous year. The above figures are inclusive of job work income. The profit before tax during the current year is Rs.205.36 lacs as against Rs. 194.22 lacs during the previous year. No amount is proposed to be transferred to reserves

3. Dividends:

Considering the need to conserve cash, the Board of Directors have not recommended any dividend for the financial year ended 31.03.2015.

4. Deposits:

The Company has not accepted any deposits from the public.

5. Directors & Key Managerial Persons:

Independent Directors:

The Company had at its AGM held on 24th September 2014, appointed Mr. SudhirK Patel and Mr. Ajit Kumar Chordia as Independent Directors for a period of five year w.e.f. 24th September, 2014. The Independent Directors have acknowledged the terms of appointment. The Independent Directors have declared that they met all the criteria of independence as provided under section 149(6) of the Companies Act, 2013 and Clause 49 of Listing Agreement. The independent Directors were fully kept informed of the Company''s activities in all its spheres.

Woman Director:

Smt Manju Parakh is a woman director liable to retire by rotation and being eligible, offers herself for reappointment. She is a non-executive non-independent Director. The Company is in compliance with section 149 of the Companies Act, 2013 read with Companies (Appointment and Qualification of Directors) rules, 2014 and Clause 49 of the listing agreement w.r.t appointment of Woman Director.

Executive Directors:

Shri Sudershan Parakh, was reappointed as the Managing Director of the Company for a period of 3 year w.e.f. 1st October, 2014 on the terms and conditions as recommended by the Nomination and Remuneration Committee and approved by the Board at its meeting held on 14th August, 2014 and the shareholders vide resolution passed by the shareholders at the AGM held on 24th September, 2014.

Shri AlokParakh, was reappointed as the Joint Managing Directorof the Company for a period of 3 year w.e.f. 1st October, 2013 on the terms and conditions as approved by the Nomination and Remuneration Committee and approved by the Board at its meeting held on 13th August, 2013 and the shareholders vide resolution passed by the shareholders at the AGM held on 23rd September, 2013.

6. Nomination and Remuneration Policy:

The Nomination and Remuneration Committee of Directors (NRC) reviews the composition of the Board, to ensure that there is an appropriate mix of abilities, experience and diversity to serve the interest of all shareholders and the Company. In accordance with the requirements under Section 178 of the Companies Act 2013 and Clause 49 of Listing Agreement,the NRC governs the terms of nomination and appointment and remuneration of Directors, Key Managerial Personnel and Senior Management of the Company. As and when a vacancy arises or is expected, the NRC will identify, ascertain the integrity, qualification, appropriate expertise and experience of potential candidates, having regard to the skills that the candidate will bring to the Board/Company, and the balance of skills added to that of which the existing members hold. The NRC will review the profile and other aspects of the person and the most suitable person is recommended for appointment by the Board or is recommended to shareholders for their election. The NRC has discretion to decide whether qualification, expertise and experience possessed by a person are sufficient/ satisfactory for the concerned position. NRC will ensure that any person who is appointed or continues in employment of the Company as Directors shall comply with the conditions as laid out under Part I of Schedule V to the Companies Act, 2013. NRC will ensure that appointment of Independent Directors of the Company will be made in accordance with the provisions of Section 149 read with Schedule IV of the Companies Act,2013 and Clause 49 of Listing Agreement.

7. Directors1 Responsibility Statement:

In accordance with the provisions of Section 134(5) of the Companies Act, 2013, your Directors confirm:

1. That in the preparation of the annual accounts for the year ended 31st March, 2015, the applicable accounting standards have been followed by your Company and there were no 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 the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts for the year ended 31st March, 2015 on a going concern basis.

5. That the Directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively and

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.

8. Particulars of Employees & Directors Remuneration & Related Disclosures:

The information required pursuant to Section 197 read with Rule 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees of the Company, forms part of this report as ''Annexure''. However, as permitted in terms of Section 136 of the Act, this Annual Report is being sent to all the members and others entitled thereto, excluding the said annexure. Members who are interested in obtaining these particulars may write to the Company Secretary at the Registered Office of the Company. The aforesaid annexure is also available for inspection by members at the Registered Office of the Company, 21 days before the Annual General Meeting and up to the date of Annual General Meeting during business hours on working days.

9. Financial Performance & position of Subsidiaries & Associate Companies:

The Company does not have any Subsidiary or Associate Company and hence disclosure about subsidiary and associate company does not arise.

10. Consolidated Financial Statement:

The company does not have any Subsidiary/Associate and preparation of Consolidated Financial Statements does not arise.

11. Information Under Section 134(3)(m) of the Companies Act, 2013 is furnished below: A. Conservation of Energy:

1. Change of circuitry in the machines developed in house to reduce power consumption.

2. Power saving equipments have been installed on machines and there has been considerable reduction in power consumption.

3. Heater insulation jackets have been provided on the machines to prevent the energy losses.

4. Timers have been installed to reduce the idle running of the motors preventing energy losses.

5. Natural lighting is being used in plants to avoid usage of industrial lamps in the day.

6. APFC Panels have been installed in all plants to maintain power factor, thus ensuring efficient energy management.

B. Technology Absorption:

Not applicable.

9. Auditors:

Statutory Auditors:

The Company at its 25th AGM held on 24th September, 2014 appointed M/s. C.A. Patel & Patel, Chartered Accountants, Chennai, (Firm Registration No.005026S) as statutory auditors of the Company to hold office for a period of 3 years from the conclusion of the said AGM, subject to ratification at every AGM. The Auditors Report for the financial year 2014-15 does not contain any qualification, reservation or adverse remark and the same is attached with the annual report. The Company has obtained necessary certificate under Section 141of the Act 2013 from the auditors conveying their eligibility for the above appointment.

Cost Audit:

Since the business activities do not fall under the scope of cost audit, the company has not appointed cost auditor.

Secretarial Auditors:

As required under Section 204 of the Companies Act, 2013, the Company is required to appoint a Secretarial Auditor for auditing secretarial and related records of the Company. Accordingly Mr. S. Bhaskar has been appointed as Secretarial auditor. The secretarial audit report is attached along with the annual report for the year 2014-15. The secretarial audit report does not contain any qualification, reservation or other remarks.

13. Corporate Governance

The Company has been practicing the principles of good corporate governance and lays emphasis on transparency, accountability and integrity. A separate section on Corporate Governance and certificate from statutory auditors of the Company regarding compliance of conditions of Corporate Governance as stipulated under clause 49 of Listing Agreement with Stock Exchange forms part of this Annual Report.

14. Performance Evaluation of the Board:

Pursuant to the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the Board has carried out the annual performance evaluation of its own performance, the Directors individually as well as the evaluation of the working of its Board Committees. The Directors expressed their satisfaction with the evaluation process

15. Other Disclosures:

Annual Return:

Extract of Annual Return in the prescribed form is given as Annexure to this report, in terms of the requirement of Section 134(3)(a) of Companies Act, 2013 read with Companies (Accounts) rules, 2014.

Corporate Social Responsibility:

The mandatory provisions under section 135 of the Companies Act, 2013 is not applicable to the Company.

The Company has not given any Loans or Guarantees.

16.Acknowledgement:

The Directors wish to express their sincere appreciation & gratitude to Late Mr. Bachhraj Parakh, the founder Chairman of the Company for the guidance provided by him over the years in building the company and the National Group.

Your Directors place on record their appreciation of the co-operation and support extended by the customers, suppliers, employees and assistance received from Bankers, Local Bodies and other Government authorities.

On behalf of the Board

For National Plastic Technologies Ltd.,

Place: Chennai Sd/- Sd/-

Date : 07-08-2015 Managing Director Joint Managing Director

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Mar 31, 2014

The Shareholders

The Directors hereby present the 25th Annual Report of the Company together with the audited statement of accounts for the year ended 31st March 2014.

1. Financial Results:

Year ended Year ended Particulars 31.3.2014 31.3.2013 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 8214.52 6301.72

Profit before depreciation and Interest 636.35 701.35

Finance cost 299.52 365.99

Operating Profit / (Loss) 336.83 335.36

Depreciation 142.61 142.50

Profit / (Loss) before taxes 194.22 192.86

Provision for taxation 63.40 62.67

Profit / (Loss) after tax 130.82 130.19



2. Operations :

The Company''s gross sales during the year under review was Rs. 8122.03 lakhs as compared to Rs. 6231.28 lakhs in the previous year. The above figures are inclusive of job work income. The profit before tax during the current year is Rs. 194.22 lacs as against Rs. 192.86 lacs during the previous year.

3. Dividends:

Considering the need to conserve cash, the Board of Directors have not recommended any dividend forthe financial yearended 31.03.2014.

4. Deposits:

The Company has not accepted any deposits from the public.

5. Directors :

Smt. Manju Parakh retires by rotation and being eligible, offers herself for reappointment.

6. Directors'' Responsibility Statement:

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm:

1. That in the preparation of the annual accounts, the applicable accounting standards have been followed by your Company.

2. That the Directors have selected such accounting policies and applied them consistently and made judgements 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 forthat period.

3. That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts on a going concern basis.

7. Particulars Of Employees:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

8. Information Under Section 217(1)(E) Of The Companies Act, 1956 is furnished below:

A. Conservation of Energy:

1. Change of circuitry in the machines developed in house to reduce power consumption.

2. Power saving equipments have been installed on machines and there has been considerable reduction in power consumption.

3. Heater insulation jackets have been provided on the machines to prevent the energy losses.

4. Timers have been installed to reduce the idle running of the motors preventing energy losses.

5. Natural lighting is being used in plants to avoid usage of industrial lamps in the day.

6. APFC Panels have been installed in all plants to maintain power factor, thus ensuring efficient energy management.

B. Technology Absorption:

Not applicable.

9. Auditors :

The Company, in terms of Section 139 (1) and (2) of the Act 2013, is required to appoint statutory auditors for a term of five consecutive years i.e., till the conclusion of sixth annual general meeting and ratify their appointment during the period, in every Annual General Meeting by an ordinary resolution.

The period for which any firm has held office as auditor prior to the commencement of the Act 2013 will be taken into account for calculating the period of five consecutive years, as per the proviso to Section 139(2) of the Act 2013 read with Rule 6(3) of the Companies (Audit and Auditors) Rules, 2014.

M/s. C.A. Patel & Patel, Chartered Accountants, Chennai, who were earlier appointed as statutory auditors of the Company are eligible to be appointed for the remaining period of three years out of the first term of five consecutive years in terms of the Companies Act 2013.

The Company has obtained necessary certificate under Section 141 of the Act 2013 from the auditor conveying their eligibility for the above appointment. The Audit Committee and Board reviewed their eligibility criteria, as laid down under Section 141 of the Act 2013 and recommended their appointment as auditors for the aforesaid period.

10. Acknowledgement:

Your Directors place on record their appreciation of the co-operation and support extended by the customers, suppliers, employees and assistance received from Bankers, Local Bodies and other Government authorities.

On behalf of the Board For National Plastic Technologies Ltd.,

Place : Chennai Sd/- Date : 14.08.2014 Chairman

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Mar 31, 2013

To The Shareholders

The Directors hereby present the 24th Annual Report of the Company together with the audited statement of accounts for the year ended 31 st March, 2013.

1. Financial Results:

Year ended Year ended Particulars 31.3.2013 31.3.2012 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 6301.72 6561.08

Profit before depreciation and Interest 701.35 816.66

Finance Cost 365.99 368.57

Operating Profit / (Loss) 335.36 448.09

Depreciation 142.50 143.93

Profit / (Loss) before taxes 192.86 304.16

Provision for taxation 62.67 89.79

Profit / Loss after tax 130.19 214.37

2. Operations :

The company''s gross sales during the year under review was Rs. 6231.28 lakhs as compared to Rs. 6507.47 lakhs in the previous year. The above figures are inclusive of job work income. The company has achieved EBITDA of Rs. 701.35 lakhs as against Rs. 816.66 lakhs during the previous year.

3. Dividend:

Considering the need to conserve cash for future expansion and growth, the Board of Directors have not recommended any dividend for the financial year ended 31.03.2013.

4. Deposits:

The company has not accepted any fixed deposits from the public.

5. Directors :

Shri Bachhraj Parakh retire by rotation and being eligible offer himself for reappointment.

6. Directors'' Responsibility Statement:

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm:

1. That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

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 the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts on a going concern basis.

7. Particulars Of Employees:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

8. Information Under Section 217(1)(e) Of The Companies Act, 1956 is furnished below: A. Conservation of Energy:

1. Change of circuitry in the machines developed in house to reduce power consumption.

2. Power saving equipments have been installed on machines and there has been considerable reduction in power consumption.

3. Heater insulation jackets have been provided on the machines to prevent the energy losses.

4. Timers have been installed to reduce the idle running of the motors preventing energy losses.

5. Natural lighting is being used in all new plants to avoid usage of industrial lamps in the day.

6. APFC Panels have been installed in all plants to maintain power factor, thus ensuring efficient energy management.

B. Technology Absorption: Not applicable.

C. Foreign Exchange Earnings and Outgo:

31.3.2013 31.3.2012

(Rs. in lakhs) (Rs. in lakhs)

Earnings

Expenditure 24.52 3.98

9. Auditors & Audit Observations :

The Company''s Statutory Auditors M/s. CAPatel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

The company has taken note of the auditor''s observation on internal audit system which in their opinion should be carried out by an independent chartered accountant. The company will initiate suitable action in this regard. Further, the company has also taken note of the auditor''s observation on maintenance of cost records and cost audit and appropriate action is being initiated.

10. ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and support extended by the customers, suppliers, employees and assistance received from State Bank of India, Local Bodies and other Government authorities.

Place: Chennai On behalf of the Board

Date: 13.08.2013 For National Plastic Technologies Ltd.,

Sd/-

Chairman

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Mar 31, 2012

To The Shareholders

The Directors hereby present the 23rd Annual Report of the Company together with the audited statement of accounts for the year ended 31st March, 2012.

1. Financial Results:

Year ended Year ended Particulars 31.3.2012 31.3.2011 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 6561.08 6716.20

Profit before depreciation and Finance Cost 816.66 925.98

Finance Cost 368.57 367.98

Operating Profit / Loss 448.09 558.00

Depreciation 143.93 135.51

Profit / Loss before taxes 304.16 422.49

Provision for taxation 89.79 140.00

Profit / Loss after tax 214.37 282.49

2. Operations :

The company''s gross sales during the year under review was Rs.6507.47 lakhs as compared to Rs.6633.23 lakhs in the previous year. The above figures are inclusive of job work income. The company has achieved EBITDA of Rs.816.65 lakhs as against Rs.925.98 lakhs during the previous year.

3. Dividend:

Considering the need to conserve cash for future expansion and growth, the Board of Directors have not recommended any dividend for the financial year ended 31.03.2012.

4. Deposits:

The company has not accepted any fixed deposits from the public.

5. Directors :

Shri. Sudhir K Patel retire by rotation and being eligible offer himself for re-appointment.

6. Directors'' Responsibility Statement:

In accordance with the provisions of Section 217 (2AA)of the Companies Act, 1956, your Directors confirm:

1. That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

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 the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts on a going concern basis.

7. Particulars Of Employees:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

8. Information Under Section 217(1)(e) Of The Companies Act, 1956 is furnished below: A. Conservation of Energy:

1. Change of circuitry in the machines developed in house to reduce power consumption.

2. Power saving equipments have been installed on machines and there has been considerable reduction in power consumption.

3. Heater insulation jackets have been provided on the machines to prevent the energy losses.

4. Timers have been installed to reduce the idle running of the motors preventing energy losses.

5. Natural lighting is being used in all new plants to avoid usage of industrial lamps in the day.

6. APFC Panels have been installed in all plants to maintain power factor, thus ensuring efficient energy management.

B. Technology Absorption:

Not applicable.

C. Foreign Exchange Earnings and Outgo:

31.3.2012 31.3.2011 (Rs. in lakhs) (Rs. in lakhs)

Earnings

Expenditure - 3.98

9. Auditors:

The Company''s Statutory Auditors M/s. C.A.Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

10. ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and support extended by the customers, suppliers, employees and assistance received from State Bank of India, Local Bodies and other Government authorities.

Place: Chennai On behalf of the Board

Date: 25.08.2012 For National Plastic Technologies Ltd.,

Sd

Chairman

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Mar 31, 2011

The Directors hereby present the 22nd Annual Report of the Company together with the audited statement of accounts for the year ended 31st March 2011.

1. Financial Results:

Year ended Year ended Particulars 31.3.2011 31.3.2010 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 6716.20 5606.75

Profit before depreciation and Interest 891.53 789.83

Interest 333.53 331.96

Operating Profit / Loss 558.00 457.87

Depreciation 135.51 139.11

Profit / Loss before taxes 422.49 318.76

Provision for taxation 89.49 54.00

Profit / Loss after tax 333.00 264.76

Less: Provision for Dividend/ Dividend Tax 70.88 56.89

Add: Balance Profit brought forward 292.73 119.55

from last year

Deferred Tax 20.00 150.00

Add/Deduct: MAT Entitlement Credit 30.51 115.31

Balance carried to Balance Sheet 504.35 292.73

2. Operations :

Our company has achieved gross sales of Rs.6636.25 lakhs during the year under review as compared to Rs.5545.23 lakhs during the previous year. The above figures are inclusive of job work income. The company has achieved EBITDA of Rs.891.54 lakhs as against Rs.789.83 lakhs during the previous year.

3. Dividend:

The Board recommends to the Shareholders for declaration at the ensuing AGM a dividend @ 10%, i.e., Rs.1 (Rupee One only) per share to the Equity Shareholders, subject to the approval of State Bank of India. The said Equity dividend shall result in a cash outflow of Rs.60.78 Lakhs and dividend tax payable on the said equity dividend will amount to Rs. 10.10 Lakhs.

4. Deposits:

The company has not accepted any fixed deposits from the public.

5. Directors :

Smt. Manju Parakh retire by rotation and being eligible offer herself for re-appointment.

6. Directors'' Responsibility Statement :

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm:

1. That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

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 the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts on a going concern basis.

7. Particulars Of Employees:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable .

8. Information Under Section 217(1)(E) Of The Companies Act, 1956 is furnished below: A. Conservation of Energy:

1. Change of circuitry in the machines developed in house to reduce power consumption.

2. Power saving equipments have been installed on machines and there has been considerable reduction in power consumption.

3. Heater insulation jackets have been provided on the machines to prevent the energy losses.

4. Timers have been installed to reduce the idle running of the motors preventing energy losses.

5. Natural lighting is being used in all new plants to avoid usage of industrial lamps in the day.

6. APFC Panels have been installed in all plants to maintain power factor, thus ensuring efficient energy management.

B. Technology Absorption:

Not applicable.

9. Auditors:

The Company''s Statutory Auditors M/s. C.A.Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

10. ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and support extended by the customers, suppliers, employees and assistance received from State Bank of India, Local Bodies and other Government authorities.

On behalf of the Board Place : Chennai For National Plastic Technologies Ltd

Date : 12-08-2011

Sd Chairman

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Mar 31, 2010

The Directors hereby present the 21st Annual Report of the Company together with the audited statement of accounts for the year ended 31st March 2010.

I.Financial Results:

Particulars Year ended Year ended 31.3.2010 31.3.2009 (Rs. in lakhs) (Rs.in lakhs)

Sales and other Income (Gross) 5606.75 5598.12

Profit before depreciation and Interest 789.83 731.01

Interest 331.96 388.33

Operating Profit / Loss 457.87 342.68

Depreciation 139.11 129.27

Profit / Loss before taxes 318.76 213.41

Provision for taxation 54.00 26.43

Profit / Loss after tax 264.76 186.98

Less: Provision for Dividend/ Dividend Tax 56.89 -

Add: Balance Profit brought forward 119.55 0.57 from last year

Deferred Tax 150.00 68.00

Add: MAT Entitlement Credit 115.31 0.00

Balance carried to Balance Sheet 292.73 119.55

2. Operations:

Our company has achieved gross income of Rs.56.06 Crores during the year under review as compared to Rs.55.98 Crores during the previous year. The above figures are inclusive of job work income. The company has achieved EBDIT of Rs.7.89 Crores as against Rs.7.31 crores during the previous year.

3. Dividends:

The Board recommends to the Shareholders for declaration at the ensuing AGM a dividend @ 8% i.e., Rs.0.80 (Eighty paise only) per share to the Equity Shareholders. The said Equity dividend shall result in a cash outflow of Rs.48.62 Lakhs and dividend tax payable on the said equity dividend will amount to Rs. 8.26 Lakhs.

4. Deposits:

The company has not accepted any fixed deposits from the public.

5. Directors:

Shri Bachhraj Parakh and Shri Alok Parakh retire by rotation and being eligible offer themselves for re-appointment.

6. Directors Responsibility Statement:

In accordance with the provisions of Section 217 (2AA)of the Companies Act, 1956, your Directors confirm:

1. That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

2. That the Directors have selected such accounting policies and applied them consistently and made judgements 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 the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts on a going concern basis.

7. Particulars Of Employees:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

8. Information Under Section 217(1)(E) Of The Companies Act, 1956 is Furnished Below: A. Conservation of Energy:

1. Change of circuitry in the machines developed in house to reduce power consumption.

2. Power saving equipments have been installed on machines and there has been considerable reduction in power consumption.

3. Heater insulation jackets have been provided on the machines to prevent the energy losses.

4. Timers have been installed to reduce the idle running of the motors preventing energy losses.

5. Natural lighting is being used in all new plants to avoid usage of Industrial Lamps in the day.

6. APFC Panels have been installed in plants to ensure efficient energy management.

B. Technology Absorption: Not applicable

C. Foreign Exchange Earnings And Outgo:

31.3.2010 31.3.2009 (Rs. in lakhs) (Rs.in lakhs)

Earnings - 5.57

Expenditure 11.70 3.93



9.Auditors:

The Companys Statutory Auditors M/s. C.A.Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for-reappointment.

10. ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and support extended by the customers, suppliers, employees and assistance received from State Bank of India, Local Bodies and other Government authorities.

Your Directors place on record their appreciation of valuable services rendered by Late Shri T.N. Lakshmi Narayanan during his tenure as Director of the Company and express their deep sense of appreciation and gratitude for the same.

On behalf of the Board for National Plastic Technologies Ltd.,

PLACE : Chennai DATE : 01/09/2010 Chairman

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Mar 31, 2009

The Directors hereby present the 20th Annual Report of the Company together with the audited statement of accounts for the year ended 31 st March 2009.

I.FINANCIAL RESULTS:

Particulars Year ended Year ended

31.3.2009 31.3.2008 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 5598.12 4341.22

Profit before depreciation and Interest 731.01 693.03

Interest 388.33 329.56

Operating Prof it/Loss 342.68 363.47

Depreciation 129.27 110.99

Profit/Loss before taxes 213.41 252.48

Provision for taxation 26.43 31.45

Profit/Loss aftertax 186.98 221.03

Balance Profit brought forward from last year 0.57 -180.46

Deferred Tax 68.00 40.00

Balance carriedto Balance Sheet 119.55 0.57

2. OPERATIONS:

Our company has achieved gross income of Rs.55.98 crores during the year under review as compared to Rs.43.41 crores during the previous year. The above figures are inclusive of job work income. The company has achieved EBDITof Rs.7.31 crores as against Rs.6.93 crores during the previous year.

3. DEPOSITS:

The company has not accepted any fixed deposits from the public.

4. DIRECTORS:

Mr. T.N. Lakshmi Narayanan and Mr. Sudhir K. Patel retire by rotation and being eligible offer themselves for re appointment.

5. DIRECTORSRESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm:

1. That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

2. That the Directors havft selected such accounting policies and applied them consistently and made judgements 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 the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts on a going concern basis.

6. PARTICULARS OF EMPLOYEES:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

7. INFORMATION UNDER SECTION 217(1)(E)OF THE COMPANIES ACT, 1956 IS FURNISHED BELOW:

A. CONSERVATION OF ENERGY:

1. Used Hopper Dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. Change of circuitry in the machines developed in house, which reduced units of power consumption.

3. Power saving equipments have been installed on machines and there has been considerable reduction in power consumption.

4. Heater insulation jackets have been provided on the machines to prevent the energy loss.

5. Timers have been installed to reduce the idlerunnini, of the motors preventing energy loss.

6. Natural lighting is being used in all new plants to avoid usage of Industrial Lamps in the day.

7. APFC Panels have been installed in all plants to maintain power factor thus ensuring efficient energy management.

B. TECHNOLOGY ABSORPTION: Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

31.3.2009 31.3.2008 (Rs. in lakhs) (Rs. in lakhs)

Earnings 5.57

Expenditure 3.93 52.50

8. AUDITORS:

The Companys Statutory Auditors M/s. C.A.Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

9. ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and efforts put in by the employees, suppliers, customers and assistance received from State Bank of India, Local Bodies and other Government authorities.

On behalf of the Board PLACE: CHENNAI For NATIONAL PLASTIC TECHNOLOGIES LTD.

DATE : 02/09/2009 Chairman

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Mar 31, 2008

The Directors hereby present the 19th Annual Report of the Company together with the audited statement of accounts for the year ended 31st March 2008.

1. FINANCIAL RESULTS:

Particulars Year ended Year ended 31.3.2008 31.3.2007 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 4341.22 3044.21 Profit before depreciation and Interest 693.03 486.43 Interest 329.56 230.43 Operating Profit/ Loss 363.47 256.00 Depreciation 110.99 125.86 Profit / Loss before taxes 252.48 130.14 Provision for taxation 31.45 14.86 Profit/Loss aftertax 221.03 115.28 Balance Profit brought forward from last year -180.46 -228.17 Deferred Tax 40.00 67.57 Balance carried to Balance Sheet 0.57 -180.46

2. OPERATIONS:

Our company has achieved gross income of Rs.43.41 crores during the year under review as compared to Rs.30.44 crores during the previous year. The above figures are inclusive of job work income. The company has achieved operating profit of Rs.3.63 crores before depreciation as against Rs.2.56 crores during the previous year.

3. DEPOSITS:

The company has not accepted any fixed deposits from the public.

4. DIRECTORS:

Mrs. Manju Parakh Director retires by rotation and being eligible offers herself for re-appointment.

5. DIRECTORS RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm:

1. That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

2. That the Directors have selected such accounting policies and applied them consistently and made judgements 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 the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts on a going concern basis.

6. PARTICULARS OF EMPLOYEES:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

7. INFORMATION UNDER SECTION 217(1 )(e) OF THE COMPANIES ACT, 1956 IS FURNISHED BELOW:

A. CONSERVATION OF ENERGY :

1. Used Hopper Dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. Change of circuitry in the machines developed in house, which reduced units of power consumption.

3. Power saving equipments have been installed on machines and there has-been considerable reduction in power consumption.

4. Heater insulation jackets have been provided on the machines to prevent the energy loss.

B. TECHNOLOGY ABSORPTION: Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

31.3.2008 31.3.2007 (Rs. in lakhs) (Rs. in lakhs)

Earnings - - Expenditure 52.50 170.03

8. AUDITORS:

The Companys Statutory Auditors M/s. C.A.Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

9. ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and efforts put in by the employees, suppliers, customers and assistance received from State Bank of India, Local Bodies and other Government authorities.

On behalf of the Board PLACE : CHENNAI For NATIONAL PLASTIC TECHNOLOGIES LTD.

DATE : 02/09/2008 Chairman

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Mar 31, 2007

The Directors hereby present the 18th Annual Report of the Company together with the audited statement of accounts for the year ended 31st March 2007.

1. FINANCIAL RESULTS:

Particulars Year ended Year ended 31.3.2007 31.3.2006 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 3044.21 2710.29 Profit before depreciation and Interest 486.43 374.77 Interest 230.43 150.20 Operating Profit/Loss 256.00 224.57 Depreciation 125.86 118.85 Profit/Loss before taxes 130.14 105.72 Provision for taxation 14.86 0.80 Profit/Loss aftertax 115.28 104.92 Balance Profit brought forward from last year -228.17 -320.76 Deferred Tax 67.57 12.33 Balance carried to Balance Sheet -180.46 -228.17

2. OPERATIONS:

Our company has achieved gross income of Rs.30.16 crores during the year under review as compared to Rs.27.10 crores during the previous year. The above figures are inclusive of job work income. The company has achieved operating profit of Rs.2.56 crores before depreciation and interest. As you are aware the company was classified as a potentially sick company in the year 2001-02 as per clause 23 of the SICA. Since then, there has been substantial improvement in utilisation of capacity especially for industrial moulding of auto components. Various measures initiated by the company such as restructuring of the existing loans with the bankers, enrolment of new customers, cost reduction, value engineering, etc. are yielding results. This is likely to further improve due to increased off-take of auto components.

3. EXPANSION PROJECT:

A unit has been set up at Kala Amb{Himacha! Pradesh) for catering to the requirements of IT Industry. The operations commenced during Apr06. The expansion project at Irungattukkottai near Chennai has been completed and production commenced during Feb07.

4. DEPOSITS: -

The company has not accepted any fixed deposits from the public.

5. DIRECTORS:

Mr.Bachhraj Parakh and Mr.Sudershan Parakh Directors retire by rotation and being eligible oner themselves for re- appointment.

6. DIRECTORS RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm:

1. That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

2. That the Directors have selected such accounting policies and applied them consistently and made judgements 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 and 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 the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts on a going concern basis.

7. PARTICULARS OF EMPLOYEES:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

8. Information under Section 217(1)(e) of the Companies Act, 1956 Is furnished below:

A. CONSERVATION OF ENERGY:

1. Used Hopper Dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. The usage of chilling plants has resulted in energy savings.

3. Change of circuitory in the machines developed in house, which reduced units of power consumption.

4. Power saving equipments have been installed on machines and there has been considerable reduction in power consumption.

B. TECHNOLOGY ABSORPTION: Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

31.3.2007 31.3.2006 (Rs. in lakhs) (Rs. in lakhs)

Earnings - - Expenditure 170.03 10.54

9. AUDITORS:

The Companys Statutory Auditors M/s.C.A.Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

10. ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and efforts put in by the employees, suppliers, customers and assistance received from State Bank of India, Local Bodies and other Government authorities.

On behalf of the Board

PLACE : CHENNAI For Arham Plastics Limited DATE : 06/09/2007 Chairman

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Mar 31, 2006

The Directors hereby present the 17th Annual Report of the Company together with the audited statement of accounts for the year ended 31st March 2006.

1. FINANCIAL RESULTS:

Particulars Year ended Year ended 31.3.2006 31.3.2005 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 2710.29 1898.51

Profit before depreciation and Interest 374.77 416.94

Interest 150.20 205.08

Operating Profit/Loss 224.57 211.86

Depreciation 118.85 129.79

Amortisation of expenses - 3.34

Profit/Loss before taxes 105.72 78.73

Provision for taxation 0.80 0.00

Profit/Loss after tax 104.82 78.73

Balance Profit brought forward from last year -320.76 -422.20

Deferred Tax -12.33 22.71

Balance carried to Balance Sheet -228.17 -320.76

2. OPERATIONS:

Our company has achieved gross income of Rs.2710.29 lacs during the year under review as compared to Rs. 1899.51 lacs during the previous year. The above figures are inclusive of job work income. The company has achieved operating profit of Rs.224.57 lacs before depreciation and interest. As you are aware the company was classified as a potentially Sick Company in the year 2001-02 as per clause 23 of the SICA. Since then there has been substantial improvement in utilisation of capacity especially for industrial moulding of auto components. Various measures initiated by the company such as restructuring of the existing loans with the bankers, enrolment of new customers, cost reduction, value engineering, etc. are yielding results. This is likely to further improve due to increased off-take of auto components.

3. EXPANSION PROJECT:

The Civil construction work at Irungattukkottai near Chennai is progressing well and is likely to be completed by September 2006. The machineries are expected to be installed during October 2006 and trial production will commence immediately thereafter.

4. DEPOSITS:

The company has not accepted any fixed deposits from the public.

6. DIRECTORS:

Mr.T.N.Lakshminarayanan and Mr.Sudhir Patel Directors retire by rotation and being eligible offer themselves for re-appointment.

6. DIRECTORS RESPONSIBILITY STATEMENT :

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm:

1. That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

2. That the Directors have selected such accounting policies and applied them consistently and made judgements 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 (he company for that period.

3. That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts on a going concern basis.

7. PARTICULARS OF EMPLOYEES:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

8. Information under Section 217(1)(e) of the Companies Act, 1956 is furnished below:

A. CONSERVATION OF ENERGY:

1. Used Hopper Dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. The usage of chilling plants has resulted in energy savings.

3. Change of circuitory in the machines developed in house, which reduced units of power consumption.

4. Power saving equipments have been installed on machines and there has been considerable reduction in power consumption.

B. TECHNOLOGY ABSORPTION:

Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO: •

31.3.2006 31.3.2005 (Rs. in lakhs) (Rs. in lakhs)

Earnings - 13.80

Expenditure 10.54 15.95

9. AUDITORS:

The Companys Statutory Auditors M/s.C.A.Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

10. ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and efforts put in by the employees, suppliers, customers and assistance received from State Bank of India, Local Bodies and other Government authorities.

On behalf of the Board PLACE : CHENNAI For Arham Plastics Limited DATE : 31.08.2006 Chairman

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Mar 31, 2003

The Directors hereby present the 14th Annual Report of, the Company together with the audited statement of accounts for the year ended 31 st March, 2003.

1. FINANCIAL RESULTS:

Year ended Year ended

Particulars 31.3.2003 31.3.2002 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 1973.77 1737.56 Profit before depreciation and Interest 291.40 261.93 Interest 229.05 279.43 Operating Profit/Loss 62.35 -17.50 Depreciation 133.38 170.44 Amortisation of expenses 3.34 3.34 Profit / Loss before taxes -74.37 -191.28 Provision for taxation 0.00 0.45 Profit/Loss aftertax -74.37 -191.73 Balance Prof it brought forward from last year -344.62 -194.83 Deferred Tax -16.24 41.94 Balance carried to Balance Sheet -435.23 -344.62

2. OPERATIONS:

Our company has achieved gross sales turnover of Rs.19.00 crores during the year under review as compared to Rs. 17.24 crores during the previous year. This has resulted in operating profit of Rs. 62.35 Lacs before depreciation as against operating loss of Rs. 17.50 lacs incurred during 2001-02.

The recessionary trend in the recent past has affected our company also resulting in low capacity utilisation for the industrial sector. Unhealthy competition from unorganised sector has severely affected the margins in moulded furniture business. Due to this, the fixed expenses viz depreciation, interest and administrative costs have not been fully absorbed. These factors cumulatively have resulted in our company being classified as a potentially sick company as per clause 23 of the SICA.

The various measures taken by the company such as restructuring of the existing loans with the bankers, enrolment of new custormers, entering new sectors in industrial mouldings, etc. are now beginning to bear fruits, showing significant improvement in the operations. Considerable cost cutting and value engineering steps taken are also contributing to the recovery. Introduction of new models is expected to improve capacity utilisation and add to the turnover. The company strongly hopes to come back to normalcy in the near future.

3. DEPOSITS:

The company has not accepted any fixed deposits from the public.

4. DIRECTORS:

Mr.T.N.Lakshminarayanan & Mr. Alok Parakh Directors retire by rotation and being eligible offer themselves for re- appointment. Sri Sudhir K.Patel was appointed as an Additional Director at the Board Meeting held on 30"' September 2002. He holds office upto the date of the ensuing Annual General Meeting and being eligible offers himself for appointment as Director, liable to retire by rotation.

5. DIRECTORS' RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm:

1. That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

2. That the Directors have selected such accounting policies and applied them consistently and made judgements 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 the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. That the Directors have prepared the annual accounts on a going concern basis.

6. PARTICULARS OF EMPLOYEES:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

7. Information under Section 217(1 )(e) of the Companies Act, 1956 Is furnished below:

A. CONSERVATION OF ENERGY:

1. Used Hopper Dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. The usage of chilling plant has resulted in energy savings.

3. Change of circuitory in the machines developed, in house, which reduced units of power consumption.

4. Power saving equipments have been installed in two machines and there has been considerable reduction in power consumption. We shall be installing in other machines in a phased manner.

B. TECHNOLOGY ABSORPTION:

Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

31.3.2003 31.3.2002 (Rs. in lakhs) (Rs. in lakhs)

Earnings Expenditure 24.70 26.42

8. AUDITORS:

The Company's Statutory Auditors M/s-C.A.Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

9. ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and efforts put in by the employees, suppliers, customers and assistance received from State Bank of India, Local Bodies and other Government authorities.

On behalf of the Board For Arham Plastics Limited

PLACE:CHENNAI BACHHRAJ PARAKH DATE : 11/08/2003 Chairman

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Mar 31, 2002

FINANCIAL RESULTS:

Year ended Year ended Particulars 31.3.2002 31.3.2001 (Rs. in Lakhs) (Rs. in Lakhs)

Sales and other income (Gross) 1737.56 1872.47

Profit before depreciation and Interest 261.93 90.19

Interest 279.43 299.63

Operating Profit/Loss -17.50 -209.44

Depreciation 170.44 159.47

Amortisation of expenses 3.34 3.34

Profit/Loss before taxes -191.28 -372.25

Provision for taxation 0.45 -

Profit/Loss aftertax -191.73 -372.25

Balance Prof it brought forward from last year -194.83 177.42

Deferred Tax 41.94 -

Balance carried to Balance Sheet -344.62 -194.83

OPERATIONS:

The companys sales turnover fell due to insufficiency of working capital funds. The company suffered operating loss of Rs. 17.50 lacs before depreciation as a result of low capacity utilisation. The company is negotiating with the bankers for restructuring of term loans and the same is under active consideration.

The company has entered into contract manufacturing to utilise its excess capacity. Value engineering measures have also been implemented resulting in reduction in weights and thereby input costs. The company also expects reduction in interest as a result of the restructuring exercise. New designs of chairs & stools have been introduced during the year under review and some more models are expected to be launched during the current year to augment sales.

DEPOSITS:

The company has not accepted any fixed deposits from the public.

DIRECTORS:

Mr. Sudershan Parakh & Mrs. Manju Parakh Directors retire by rotation and being eligible offer themselves for re-appointment.

DIRECTORS RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm:

1) That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

2) That the Directors have selected such accounting policies and applied them consistently and made judgements 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 tor the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4) That the Directors have prepared the annual accounts on a going concern basis.

PARTICULARS OF EMPLOYEES;

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable, Information under Section 217(1)(e) of the Companies Act, 1956 is furnished below:

A. CONSERVATION OF ENERGY:

1. Used Hopper Dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. The usage of chilling plant has resulted in energy savings.

3. Change of circuitory in the machines developed, in house, has resulted in lower power consumption.

B. TECHNOLOGY ABSORPTION:

Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

31.3.2002 31.3.2001 (Rs. in Lakhs) (Rs. in Lakhs)

Earnings - -

Expenditure 26.42 35.68

DELISTMENT OF SHARES IN THE STOCK EXCHANGE, AHMEDABAD:

The Board of Directors are of the opinion that it will be better to delist the shares of the company from The Stock Exchange, Ahmedabad subject to the approval of the shareholders as there are not much of trading taking place in this exchange. The Board will comply with the guidelines and procedures stipulated by the SEBI in this regard.

AUDITORS:

The Companys Statutory Auditors M/s. C. A. Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and efforts put in by the employees and assistance received from State Bank of India, Local Bodies and other Government authorities.

On behalf of the Board For Arham Plastics Limited

Chairman PLACE: CHENNAI DATE: 28-8-2002

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Mar 31, 2001

The Directors have pleasure in presenting the 12th Annual Report of the Company together with the audited statement of accounts for the year ended 31st March, 2001.

FINANCIAL RESULTS :

Particulars 31.3.2001 31.3.2000 (Rs. in lakhs) (Rs. in lakhs)

Sales and other Income (Gross) 1872.47 2700.89

Profit before depreciation and Interest 90.19 489.45

Interest 299.63 306.42

Operating Profit/Loss - 209.44 183.03

Depreciation 159.47 144.68

Amortisation of expenses 3.34 3.34

Profit/Loss before taxes - 372.25 35.01

Provision for taxation - -

Profit/Loss after tax - 372.25 35.01

Balance Profit brought forward from last year 177.42 147.41

Provision for Dividend - -

Balance carried to Balance Sheet - 194.83 177.42

OPERATIONS :

The company's sales turnover fell drastically due to insufficiency of working capital funds. The company suffered operating loss of Rs. 209.44 lacs before depreciation as a result of low capacity utilisation, steep increase in input costs & interest charges. In order to overcome the situation, the company has negotiated with the bankers for restructuring of loans and the same is under active consideration.

The company has entered into contract manufacturing to utilise its excess capacity. Value engineering measures have also been implemented resulting in reduction in weights and thereby input costs. The company also expects reduction in interest as a result of the restructuring exercise. New designs of chairs & stools have been introduced during the year under review and some more models are expected to be launched during the current year to augment sales.

DEPOSITS :

The company has not accepted any fixed deposits from the public.

DIRECTORS :

Mr. V. Ramachandran, Director had resigned from the Board with effect from 4th November 2000, due to pre-occupation with his professional and other personal commitments. The Board has accepted his resignation and placed on record its sincere appreciation of services rendered by Mr. V. Ramachandran. The Board thanked him for the guidance and contribution extended to the company during his tenure as a Director of the Company. Mr. Bachhraj Parakh & Mr.Alok Parakh Directors retire by rotation and being eligible offer themselves for re-appointment.

DIRECTORS' RESPONSIBILITY STATEMENT :

In accordance with the provisions of Section 217 (2A) of the Companies Act, 1956, your Directors confirm :

1) That in the preparation of the annual accounts, the applicable accounting standards have been followed by your company.

2) That the Directors have selected such accounting policies and applied them consistently and made judgements 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 the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and .detecting fraud and other irregularities.

4) That the Directors have prepared the annual accounts on a going concern basis.

PARTICULARS OF EMPLOYEES :

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

Information under Section 217(1)(e) of the Companies Act, 1956 is furnished below :

A. CONSERVATION OF ENERGY :

1. Used Hopper Dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. The usage of chilling plant has resulted sn energy savings. Change of circuitory in the machines developed, in house, which reduced units of power consumption.

B. TECHNOLOGY ABSORPTION :

Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO :

31.3.2001 31.3.2000 (Rs. in lakhs) (Rs. in lakhs)

Earnings Expenditure 35.68 196.58

DEPOSITORY SYSTEM :

Your Company has entered into an arrangement with National Securities Depositories Limited and Central Depository Services (India) Ltd for dematerialisation of your Company's securities in accordance with the provisions of the Depositories Act, 1956 which are now fully operational and members may avail of such facilities. With this, the members have the option to hold their Demat Shares through National Securities Depositories Limited or Central Depository Services (India) Limited.

AUDIT COMMITTEE :

The Board of Directors of the company constituted the Audit Committee under Section 292A of the Companies Act, 1956. The Audit Committee comprises of Mr. Bachhraj Parakh, Mr. T.N. Lakshmi Narayanan & Mr. Alok Parakh Directors of the company. The terms of reference of this committee are wide enough covering the matters specified for audit committees under the listing agreements.

AUDITORS :

The Company's Statutory Auditors M/s.C.A.Patel & Patel, Chartered Accountants,Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

ACKNOWLEDGEMENT :

Your Directors place on record their appreciation of the co-operation and efforts put in by the employees and assistance received from State Bank of India, State Bank of Mysore, Local Bodies and other Government authorities.

On behalf of the Board

PLACE : CHENNAI For Arham Plastics Limited DATE : 29.8.2001 Chairman

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Mar 31, 2000

The Directors have pleasure in presenting the 11th Annual Report of the Company together with the audited statement of accounts for the year ended 31st March, 2000.

FINANCIAL RESULTS:

Year ended Year ended 31.3.2000 31.3.1999 (Rs. in Lakhs) (Rs. in Lakhs) Particulars

Sales and other Income (Gross) 2700.89 2447.12

Profit before depreciation and Interest 489.45 410.18

Interest 306.42 219.73

Depreciation 144.68 109.52

Amortisation of expenses 3.34 3.34

Profit before taxes 35.01 77.59

Provision for taxation - 5.00

Profit after tax 35.01 72.59

Balance Profit brought forward from last year 147.41 125.83

Provision for Dividend - 45.35

Balance carried to Balance Sheet 177.42 147.41

PROFITABILITY:

Projected Actual (Rs. in lakhs) (Rs. in lakhs)

Particulars

Total Income 1537.96 2265.42

Profit before interest, depreciation and taxation 466.45 489.45

Interest 96.19 306.42

Depreciation 100.91 144.68

Amortisation of expenses - 3.34

Profit before tax 269.35 35.01

Profit after tax 170.25 35.01

Though sales increased by 10%, the profitability has not been as projected due to steep rise in rawmaterial price. The interest and depreciation cost has also gone up due to large capital expenditure on Pondicherry project. The severe competition has also resulted in lower sales realisation.

OPERATIONS:

During the year under review, the company introduced two new models of chairs which have been well accepted in the market. The company plans to introduce few more models during the current year.

DEPOSITS:

The company has not accepted any fixed deposits from the public.

DIRECTORS:

Mr.T.N.Lakshmi Narayanan and Mrs.Manju Parakh, Directors retire by rotation and being eligible offer themselves for re-appointment.

Y2K COMPLIANCE:

The company has already implemented the necessary measures to ensure smooth functioning of all the operations, both technical and commercial from the year 2000 and onwards.

PARTICULARS OF EMPLOYEES:

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is not applicable.

Information under Section 217(1)(e) of the Companies Act, 1956 is furnished below:

A. CONSERVATION OF ENERGY:

1. Used Hopper Dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. The usage of chilling plant has resulted in energy savings. Change of circuitory in the machines developed, in house, which reduced units of power consumption.

B. TECHNOLOGY ABSORPTION:

Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

31.3.2000 31.3.99 (Rs. in lakhs) (Rs. in lakhs)

Earnings - -

Expenditure 196.58 382.39

AUDITORS:

The Company's Statutory Auditors M/s.C.A.Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

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Mar 31, 1999

The Directors have pleasure in presenting the 10th Annual Report of the Company together with the audited statement of accounts for the year ended 31st March, 1999.

FINANCIAL RESULTS :

Year ended Year ended 31.3.99 31.3.98 Particulars (Rs. in Lakhs) (Rs. in Lakhs)

Sales and other Income (Gross) 2447.12 1998.73

Profit before depreciation and interest 410.18 360.41

Interest 219.73 132.38

Depreciation 109.52 99.38

Amortisation of expenses 3.34 3.35

Profit before taxes 77.59 125.30

Provision for taxation 5.00 13.20

Profit after tax 72.59 112.10

Profit brought forward from previous year 125.83 74.94

Proposed Dividend 45.35 56.68

Balance carried to Balance Sheet 147.40 125.33

PROFITABILITY

Projected Actual Particulars (Rs. in Lakhs) (Rs. in Lakhs)

Total Income 1537.96 1981.34

Profit before interest, depreciation and taxation 463.36 406.84

Interest 115.60 219.73

Depreciation 100.91 109.52

Profit before tax 251.35 77.59

Profit after tax 165.17 72.59

The sales turnover increased by 22% over the previous year whereas profitability has not been the same protected. This has been not only due to sales realisation on account of severe competition from organised and unorganised sector but also due to higher interest cost on account of recent expansion at Pondicherry.

DIVIDEND :

The Directors are pleased to recommend a dividend of 8% for the year ended 31st March, 1999.

EXPANSION :

The trial and commercial production at our Pondicherry Plant commenced on 8th April, 1998 and 31st August, 1998 respectively. The company is also constantly upgrading the process and product range with a view to increase competitiveness and expand the market share. The company expects substantial increase in terms of production as well as profitability in the years to come.

The Company has introduced many models of chairs, stools and tables during the year and is in the process of importing further moulds for having wider range of designs and achieving higher growth.

DEPOSITS :

The company has not accepted any fixed deposits from the public.

DIRECTORS :

Mr.V.Ramachandran and Mr.Sudershan Parakh, Directors retire by rotation and being eligible offer themselves for re-appointment.

Y2K COMPLIANCE :

The company has already implemented the necessary measures to ensure smooth functioning of all the operations, both technical and commercial from the year 2000 and onwards.

PARTICULARS OF EMPLOYEES :

Information as required under Section 217(2A) of the Companies Act. 1956 as amended are not applicable to any employee of the company.

Information under Section 217(1)(e) of the Companies Act, 1956 is furnished below :

A. CONSERVATION OF ENERGY :

1. Used Hopper Dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. The usage of chilling plant has resulted in energy savings. Change of circuitory in the machines developed, in house, which reduced units of power consumption.

B. TECHNOLOGY ABSORPTION :

Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO :

31.3.99 31.3.98

(Rs. in Lakhs) (Rs. in Lakhs)

Earnings - -

Expenditure 382.39 209.79

AUDITORS :

The Company's Statutory Auditors M/s.C.A.Patel & Patel, Chartered Accountants, Chennai retire at the conclusion of this Annual General Meeting and are eligible for reappointment.

ACKNOWLEDGEMENT :

The Directors place on record their appreciation of the co-operation and efforts put in by the employees and assistance received from State Bank of India, State Bank of Mysore, Local Bodies and other Government authorities.

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Mar 31, 1998

The Directors have pleasure in presenting their Ninth Annual Report together with audited accounts of the company for the year ended 31st March, 1998.

PERFORMANCE OF THE COMPANY:

(Rs. in lakhs)

Particulars Year ended Year ended 31.3.98 31.3.97

Sales and other Income (Gross) 1998.73 1433.23

Profit before depreciation and interest 360.41 233.93

Interest 132.38 95.43

Depreciation 99.38 63.77

Amortisation of Expenses 3.35 3.35

Profit before taxes 125.30 71.38

Provision for taxation 13.20 9.20

Profit after tax 112.10 62.18

Balance profit brought forward from last year 74.94 58.11

Provision for Dividend 56.68 45.35

Balance carried to Balance Sheet 125.83 74.94

PROFITABILITY

PARTICULARS PROJECTED ACTUAL (Rs. in Lakhs) (Rs. in Lakhs)

Total Income (Net of Taxes) 1367.08 1586.16

Profit before interest depreciation and taxation 416.60 360.41

Interest 127.59 132.38

Depreciation 100.91 99.38

Profit before taxes 188.10 125.30

Profit after tax 154.69 112.10

The Sales turnover increased by 39% over previous year whereas the profitability showed a marked improvement. The projected level of performance was more than achieved in sales turnover, but the marginal decline in profit was due to lower sales realisation and increased interest cost.

DIVIDEND:

The Directors are happy to recommend a dividend of 10% for the year ended 31st March, 1998.

EXPANSION:

The expansion project at Pondicherry is nearing completion and the operation has been successfully commissioned. The company has incurred Rs. 478.68 lacs, upto 31.3.98 towards the project which was met through term loan from State Bank of India and Internal accruals.

DEPOSITS

The company has not accepted any fixed deposits from the public.

DIRECTORS

Mr. Bachhraj Parakh and Mr. Alok Parakh, Directors retire by rotation and being eligible offer themselves for re-appointment.

PARTICULARS OF EMPLOYEES:

Information as required under Section 217 (2A) of the Companies Act, 1956 as amended as given in the Annexure forming part of this report.

Information under Section 217 (1)(e) of the Companies Act, 1956 is furnished below:

A. CONSERVATION OF ENERGY:

Used hopper dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses. The usage of chilling plant has resulted in energy savings. Change of circuitoy in the machines developed, in house, which reduced units of power consumption.

B. TECHNOLOGY ABSORPTION:

Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

31.3.98 31.3.97 (Rs. in lakhs) (Rs in lakhs)

Earnings - - Expenditure 209.79 651.52

AUDITORS

The Auditors M/s. C.A. Patel & Patel, Chartered Accountants, retire and offer themselves for re-appointment.

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Mar 31, 1997

The Directors have pleasure in presenting their Eighth Annual Report together with audited accounts of the company for the year ended 31st March, 1997.

PERFORMANCE OF THE COMPANY :

Year ended Year ended 31.3.97 31.3.96 (Rs. in Lakhs) (Rs. in Lakhs)

Sales and other Income (Gross) 1433.23 484.71

Profit before Depreciation & Interest 233.93 73.38

Interest 95.43 36.27

Depreciation 63.77 30.03

Amortisation of Expenses 3.35 3.35

Profit before taxes 71.38 3.73

Provision for Taxation 9.20 -

Profit after tax 62.18 3.73

Depreciation written back - 34.77

Balance Profit brought forward from last year 58.11 19.60

Provision for Dividend 45.35 -

Balance carried to Balance Sheet 74.94 58.10

PROFITABILITY

PARTICULARS PROJECTED ACTUAL

(Rs. in lakhs) (Rs. in lakhs)

Total Income (Net of Taxes) 1196.19 1166.66

Profit before interest, depreciation and taxation 364.69 233.93

Interest 137.98 95.43

Depreciation 100.91 63.77

Profit before taxation 125.80 71.38

Profit after taxation 125.80 62.18

The performance of the company for the first till year of operation has been satisfactory. gross sales turnover has risen to Rs. 1433.23 lakhs, up by 195.76% from Rs. 484.71 lakhs in 1995-96. There has also been a quantum jump in the net profit. A major machinery imported from Japan arrived late and it was utilised for a lesser period during the year, resulting in a lower profit as compared to projections. The selling prices of various products were kept competitive for establishing the 'COSMO' brand and today it is a market leader in Southern India. DIVIDEND :

The Directors are happy to recommend a dividend of 8% for the year ended 31st March, 1997. EXPANSION :

The demand for plastic goods is ever growing and the company is well positioned to take advantage of the same by expanding the capacity of existing products. Having, successfully implemented the expansion project at Guindy, Chennai the company has chosen Pondicherry for setting up of a manufacturing plant, on account of tax advantage and other incentives offered by the Pondicherry State. The envisaged capacity of the plant is 1625 tons and the same in proposed to be financed through internal accrual/term loan.

DEPOSITS :

The company has not accepted any fixed deposits from the public.

DIRECTORS

Mr. T.N. Lakshmi Narayanan and Mrs. Manju Parakh Directors retire by rotation and being eligible, offer themselves for re-appointment.

PARTICULARS OF EMPLOYEES

Information as required under Section 217(2A) of the Companies Act, 1956 as amended is given in the Annexure forming part of this Report.

Information under section 217(1)(e) of the Companies Act, 1956 is furnished below :

A. CONSERVATION OF ENERGY :

1. Used hopper dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. The usage of chilling plant has resulted in energy savings. Change of circuitory in the machines developed, in house, which reduced units of power consumption.

B. TECHNOLOGY ABSORPTION :

Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO :

31.3.97 31.3.96 (Rs. in Lakhs) (Rs. in Lakhs)

Earnings -- --

Expenditure 651.52 275.18

AUDITORS

The Auditors M/s. C.A. Patel & Patel Chartered Accountants, retire and offer themselves for re-appointment.

ACKNOWLEDGEMENT :

The Directors place on record their appreciation of the co-operation and efforts put in by the employees and assistance received from State Bank of India, State Bank of Mysore, Local Bodies and other Government authorities.

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Mar 31, 1996

The Directors have pleasure in presenting their Seventh Annual Report together with audited accounts of the company for the year ended 31st March 1996.

PERFORMANCE OF THE COMPANY:

Year ended Year ended 31.3.96 31.3.95 (Rs.in lakhs) (Rs.in lakhs)

Sales and other Income (Gross) 484.71 212.23

Profit before Depreciation & Interest 73.38 66.51

Interest 36.2 12.58

Depreciation 30.03 31.17

Profit before taxes 7.08 22.76

Provision for Taxation - 5.30

Profit after tax 7.08 17.46

Amortisation of expenses 3.35 0.01

Depreciation written back 34.77 -

Balance Profit brought forward from last year 19.60 13.56

Provision for Dividend - 11.41

Balance carried to Balance Sheet 58.10 19.60

IMPLEMENTATION OF THE PROJECT:

The Company commenced commercial production in December 1995 as against September 1995. The delay was due to the late arrival of imported machinery. The product viz., plastic moulded furniture was successfully launched under the brand name of 'COSMO' and was well received in the market.

The Company successfully raised Equity Shares for Rs.280 lakhs from Public during September 1995. The shares were alloted in December 1995 and was listed in Bombay, Ahmedabad and Madras Stock Exchanges. The details of projected and actual utilisation of funds and profitability are given below:

A. UTILISATION OF FUNDS:

PARTICULARS PROJECTED ACTUAL (Rs.in lakhs) (Rs.in Lakhs)

FIXED ASSETS:

BUILDING 97.02 107.62

PLANT & MACHINERY 620.62 307.47

MISCELLANEOUS 92.82 28.34

MARGIN FOR WORKING CAPITAL 93.69 -

PRELIMINARY & PUBLIC ISSUE EXPENSES 55.85 41.11

CURRENT ASSETS - 240.46

960.00 725.00

B. PROFITABILITY :

PROJECTED ACTUAL PARTICULARS (Rs. in lakhs) (Rs. in lakhs)

TOTAL INCOME (Net of Taxes) 688.03 397.09

PROFIT BEFORE INTEREST, DEPRECIATION & TAXATION 223.39 73.38

INTEREST 103.99 36.27

DEPRECIATION 59.48 30.03

PROFIT BEFORE TAXATION 59.92 7.08

PROFIT AFTER TAXATION 59.92 7.08

Due to late arrival of machinery, the installed capacity was lower than projected. This has resulted in reduced level of operations and consequently has affected the sales and the profitability. In view of this your Directors have not recommended any dividend for the year under review. However, the production has substantially increased due to the installation of new machines and this will have a positive impact on the performance of the company in the current financial year.

DEPOSITS:

The Company has not accepted any fixed deposits from the public.

DIRECTORS

Mr.V.Ramachandran and Mr.Alok Parakh, Directors retire by rotation and being eligible offer themselves for re-appointment.

PARTICULARS OF EMPLOYEES:

Information as required under Section 217(2A) of the Companies Act 1956, as amended is given in the Annexure forming part of this Report.

Information under section 217(1)(e) of the Companies Act 1956, is furnished below:

A. CONSERVATION OF ENERGY:

1. Used hopper dryers in place of tray dryers for preheating raw materials, thereby reducing energy losses.

2. The usage of chilling plant has resulted in energy savings.

B. TECHNOLOGY ABSORPTION :

Not applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

31.3.96 31.3.95 (Rs. in lakhs) (Rs. in lakhs)

Earnings - -

Expenditure 275.18 100.55

AUDITORS:

The Auditors M/s. C.A.Patel & Patel retire and offer themselves for re-appointment.

ACKNOWLEDGEMENT:

Your Directors place on record their appreciation of the co-operation and efforts put in by the employees and assistance received from State Bank of India, Local Bodies and other Government authorities.