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HOME   >  CORPORATE INFO >  DIRECTORS REPORT
Directors Report      
MTAR Technologies Ltd.
March 2019

Description of state of companies affair

FINANCIAL SUMMARY/HIGHLIGHTS, OPERATIONS, STATE OF AFFAIRS:

Particulars

(Rs. In Lakhs)

 

2018-19

2017-18

Revenue from operations

18,367.03

15,959.64

Other Income(Including Exceptional Items)

353.16

94.86

Profit/ (Loss) before Interest, Depreciation & tax

5,724.95

3,282.34

Depreciation

(1,123.42)

(1,120.64)

Financial charges

(446.02)

(446.00)

Profit / (Loss) Before Tax

4,155.51

1,715.70

Provision  for  Tax  (including  deferred Tax )

(235.60)

(1,074.08)

Comprehensive Income –As per Ind AS

46.27

(343.62)

Net Profit/(Loss)

3,966.18

298.01

PERFORMANCE REVIEW:

The Company has recorded a turnover of Rs.18,367.03 Lakhs and earned profit for the year  Rs.3,919.91 Lakhs in the financial year 2018-19 as against the turnover of Rs. 15,959.64 Lakhs and profit for the year of Rs. 641.62 Lakhs in the financial year 2017-18.

Details regarding energy conservation

A. Conservation of Energy

Adequate measures have been taken to reduce energy consumption, wherever possible. Total energy consumption and energy consumption per unit of production is not applicable as company is not included in the industries specified in the schedule.

Details regarding technology absorption

B. Technology Absorption

All the Factors mentioned in Rule 8 (3)(b) Technology absorption are not applicable to the    Company

Details regarding foreign exchange earnings and outgo

C. Foreign Exchange Earnings and Out Go

Foreign Exchange Earnings

Foreign Exchange Outgo

:

:

Rs. 113.33 Crores

Rs. 64.29 Crores

Disclosures in director’s responsibility statement

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the provisions of Sec. 134(5) of the Companies Act, 2013 the Board of Directors of your Company hereby certifies and confirms that:

a. In the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

b. The Directors have selected such accounting policies and applied them consistently and made judgment 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 and loss of the Company for that period;

c. 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;

d.  The Directors have prepared the Annual accounts on a going concern basis;

e.   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.

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