Infrastrucure 2007.pmd - Afcons Infrastructure Ltd.

AFCONS INFRASTRUCTURE LIMITED13. AUDITORS' OBSERVATIONThe observations in the Auditors' Report have been adequately explained in the notes no. B(7)(i)(b),B(7)(ii),B(8),B(11) B(24),B(25) of Schedule 20to the Audited Accounts.14. TRANSFER OF UNPAID / UNCLAIMED AMOUNT TO IEPFPursuant to the provision of section 205(A)(5) and Section 205C of the Companies Act, 1956, dividend for year 1998-1999 and Interest on fixeddeposits accepted for the year 1999-2000 which remained unclaimed have been transferred during the year on their due dates to the InvestorEducation and Protection Fund (IEPF) established by the Central Government on the due dates.15. PARTICULARS OF EMPLOYEESIn terms of the provision of section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 as amended,the names and other particulars of the employees are required to be set out in the Annexure to the Director's Report.16. PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.This information pursuant to Section 217 (1) (e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report ofBoard of Directors) Rules 1988 is given below:A. CONSERVATION OF ENERGYThe Company has replaced more than 50% of the conventional Piling Equipment into high efficiency and fuel conservative Integrated Piling Rigswhich has brought the fuel consumption to almost 40% of earlier consumption. The Company has replaced all old generation diesel engine fittedin generator sets with new generation engines.B. RESEARCH AND DEVELOPMENT AND TECHNOLOGY ABSORBTIONThe Company has designed and fabricated fully mechanized single span launching truss at Delhi Metro Railways Project.C. FUTURE ACTION PLAN1. Introduction of Bentonite regeneration plants at all Piling sites.2. Introduction of fully automated CMC controlled fabrications shop equipments.D. FOREIGN EXCHANGE EARNING AND OUTGO.Earnings Rs. 7,510.87 LacsOutgo Rs. 8,692.44 Lacs17. ACKNOWLEDGEMENTThe Directors express their appreciation for the continued support and co-operation received by the Company from its Clients, Bankers, FinancialInstitution and Employees.For and on behalf of the BoardC.P. MISTRYCHAIRMANMumbai,Dated: 29th June, 20075