| Description of state of companies affair FINANCIAL PERFORMANCE: During the year, the revenue from operations of your Company for the financial year ended March 31, 2023 was Rs. 44,348.57 lakhs as compared to previous year which was Rs 40,115.23 lakhs. The net profit for the year under review amounted to Rs. 2,827.01 lakhs as compared to previous year of Rs. 2,453.13 lakhs. Details regarding technology absorptionB. TECHNOLOGY ABSORPTION I. The efforts made by the company towards technology absorption Innovation and Technology are synonymous with All time Plastics. The investment in technology acts as a catalyst and enables the company to be innovative II. The benefits derived like product improvement, cost reduction, product development and import substitution With celebrating 22 years of establishment the company and a good client roster, the company requires minimum imports and the growth is the engine for future of the company. III. In case of imported technology (imported during the last three years reckoned from the beginning of the financial year)- NOT APPLICABLE Details regarding foreign exchange earnings and outgoC FOREIGN EXCHANGE EARNINGS AND OUTGO (Amount Rupees in lakhs) Particulars 2022-23 2021-22 Foreign Exchange Earned 39421.74 36585.33 Foreign Exchange Used 438.20 237.84 Disclosures in director’s responsibility statementDIRECTORS’RESPONSIBILITY STATEMENT: The Directors’ Responsibility Statement refered to in clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, shall state that a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation; b) The Director’s 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 the same period; c) The Director’s had 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 Director’s had prepared the annual accounts on a going concern basis; e) The Director’s had devised proper systems to ensure compliance with the provisions of all applicable laws and that these are adequate and are operating effectively. |