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BSE Code : | NSE Symbol : | ISIN:| SECTOR : |

NSE BSE
 

Volume 280564

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Key Stats

MARKET CAP (RS CR) 24.88
P/E 25.79
BOOK VALUE (RS) 8.4806712
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0.63
PRICE/BOOK 1.91612192204787
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

10-Nov-2021

B C C Fuba India standalone net profit declines 18.18% in the September 2021 quarter

06-Nov-2021

BCC Fuba India to hold board meeting

08-Sep-2021

B C C Fuba India Ltd - Announcement under Regulation 30 (LODR)-Newspaper Publication

06-Sep-2021

B C C Fuba India Ltd - Reg. 34 (1) Annual Report

06-Nov-2021

BCC Fuba India to hold board meeting

03-Sep-2021

BCC Fuba India to convene AGM

10-Aug-2021

BCC Fuba India to declare Quarterly Result

23-Jun-2021

BCC Fuba India to conduct board meeting

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

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Share Holding

Category No. of shares Percentage
Total Foreign 10706 0.07
Total Institutions 29300 0.19
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 856448 5.59
Total Promoters 5797593 37.87
Total Public & others 8616003 56.28
Total 15310050 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About B C C Fuba India Ltd

BCC Fuba India (BCC) was promoted by D R Bhagat and his associates in collaboration with Fuba Hans Kolbe & Co, and DEG, both of Germany. Fuba, Germany, is the single largest manufacturer of professional grade printed circuit boards (PCBs) in Europe. DEG is a German financial company established for investment in developing countries. Together, these two collaborators hold about 20% of the company's equity. BCC Fuba manufactures professional grade PCBs -- multilayer boards (cap.: 3000 sq mtr pa), double sided (cap.: 14,600 sq mtr pa) and single sided (cap.: 5800 sq mtr pa). As on 31 Mar.'96, the company's net worth had eroded more than 50% of the peak net worth of the company. During the past five years, the company was making losses due to the violation of 75% buy-back agreement by BCC's foreign collaborator; low demand for indigenous PCBs and the severe competition from the competitors and various other reasons. As a result it was declared a sick company and was referred to BIFR.

B C C Fuba India Ltd Chairman Speech

NOTICE

Notice is hereby given that the 27™ Annual General Meeting of the members of M/s. BCC FUBA INDIA LIMITED will be held on Thursday the 29th day of August, 2013 at 10.15 A.M. at the Registered office of the Company at 4Km., Swarghat Road, Nalagarh, Distt. Solan (H.P) to transact the following business;

ORDINARY BUSINESS:

1. To receive, consider and adopt the audited Balance Sheet as at 31st March 2013 and the Statement of the Profit and Loss for the year ended on that date and the Reports of Directors' and Auditors' thereon.

2. To appoint a Director in place of Mr. Veenu Pasricha who retires by rotation and being eligible, offers himself for re-appointment.

3. "RESOLVED THAT pursuant to provision to sub section (6)(a) of Section 224 of the Companies Act 1956, M/s. Jawahar Kalra & Co. Chartered Accountants, New Delhi be and are hereby appointed as Statutory Auditors of the Company to fill the vacancy caused by the resignation of M/s. Aggarwal & Rampal, Chartered Accountants, until the conclusion of the next Annual General Meeting of the Company at a remuneration as the Board of Directors may determine."

SPECIAL BUSINESS:

4. To consider, and if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution.

"RESOLVED THAT pursuant to the provisions of Section 269,198,310 and 311 and all other applicable provisions of the Companies Act, 1956 (hereinafter referred to as "the Act") read with schedule XIII of the Act and subject to the approval of Central Government, if required, the Company hereby accords its approval to the appointment of Mrs. Renu Bhagat as Chairperson and Managing Director of the company for a period of five years w.e.f. 05.03.2013 on the following remuneration:

Basic Salary Rs. 1,00,000/-p.m
H.R.A : 24,000/- p.m
Total : Rs. 1,24,000/-p.m

Perquisites:

1. As per Rules of the company

2. Leave Travel Concession for self and family in accordance with the Rules of the company.

3. Leave on full pay and allowance as per rules of the company.

4. Gratuity payable as per Rules of the company

5. Benefits of Provident fund and superannuation fund as per Rules of the company

6. Benefits of mediclaim as per Rules of the company

"RESOLVED FURTHER THAT in the event where in any financial year during the currency of tenure of Mrs. Renu Bhagat, the company has no profits or its profits are in adequate it may pay a remuneration to Mrs. Renu Bhagat the total of which will not exceed the ceiling limit as specified in Section II Part II (B) of Schedules XIII of the Act unless the consent of the Central Government is obtained.

"RESOLVED FURTHER THAT all other terms and conditions of Mrs. Renu Bhagat appointment shall remain in full force until revised by the Board.

By order of the Board of Director
For BCC Fuba India Limited
Sd-
Date:29.07.2013 (Renu Bhagat)
Place: New Delhi Chairperson and Managing Director
   

B C C Fuba India Ltd Company History

BCC Fuba India (BCC) was promoted by D R Bhagat and his associates in collaboration with Fuba Hans Kolbe & Co, and DEG, both of Germany. Fuba, Germany, is the single largest manufacturer of professional grade printed circuit boards (PCBs) in Europe. DEG is a German financial company established for investment in developing countries. Together, these two collaborators hold about 20% of the company's equity. BCC Fuba manufactures professional grade PCBs -- multilayer boards (cap.: 3000 sq mtr pa), double sided (cap.: 14,600 sq mtr pa) and single sided (cap.: 5800 sq mtr pa). As on 31 Mar.'96, the company's net worth had eroded more than 50% of the peak net worth of the company. During the past five years, the company was making losses due to the violation of 75% buy-back agreement by BCC's foreign collaborator; low demand for indigenous PCBs and the severe competition from the competitors and various other reasons. As a result it was declared a sick company and was referred to BIFR.

B C C Fuba India Ltd Directors Reports

Dear Members,

Your Directors have pleasure in presenting the 34th Annual Report and the audited Accounts of the Company for the financial year ended 31st March 2020.

A brief summary of the audited Standalone financial results of the Company for the year ended March 31, 2020 is as under:

S. No Particulars March 31, 2020 March 31, 2019
1. Revenue from operations 47,37,738.79 41,37,528.34
2. Profit/(Loss) before Interest & Depreciation -29,159.25 91,627.03
3. Interest 41,993.19 38,045.75
4. Profit/(Loss) after Interest & before Depreciation -71,152.44 53,581.28
5. Depreciation 37,808.00 33,341.58
6. Profit / Loss before exceptional items -1,08,960.44 20,239.70
7. Exceptional Items 14,367.28 -
6. Net Profit/(Loss) (94,593.16) 20,239.70

OPERATIONAL HIGHLIGHT

The Company achieved revenue from operations of Rs. 47,37,73,879/- and Loss before interest and tax of Rs. 29,15,925/- in the current year as against Rs. 41,37,52,834/- revenue and Profit before interest and tax of Rs. 91,62,703.00/- respectively in the previous year.

During the year under review the company has suffered losses of Rs. 94,59316/- (as compared to Previous year gain of Rs. 20,23,970/-) from business.

The financial health of the Company is under the continuous scrutiny of the Board of Directors of Company. The Pandemic in the last quarter of financial year 2019-20 has left the unexpected effects on the business which is one of reasons company suffered losses. The Board of Directors assures that our company is doing good and continuingly making efforts to do great and mark its strong presence in the market, so that the members could reap maximum benefits simultaneously with Company growth.

Your directors wish to state that the Company is taking all necessary steps towards embracing the better financial position of the Company. Improved financial performance, increase in turnover and reduction in consumption of raw material predicts better future of the company.

RESERVES

Your Directors have not transferred any amount to the credit of General Reserve of the Company for the year ended 31st March, 2020.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134 of the Act, the Directors state that

a) In the preparation of the annual accounts for the year ended March 31, 2020, the applicable accounting standards have been followed and that there are no material departures from the same;

b) 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 as on 31st March, 2020 and of the profit 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 have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and

f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

MATERIAL CHANGES AND COMMITMENTS

There were no significant material changes and commitments which have occurred between the end of financial year of the Company to which the financial statements relates and the date of this report which affects financial position of the Company.

CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION

Your company is doing its best efforts to give high priority to energy conservation by opting for more power efficient replacements. Particulars of Energy Conservation / Technology Absorption and Foreign Exchange earnings and out go as per Section 134(3) (m) of Companies Act, 2013 are given as an Annexure-A to this report.

RISK MANAGEMENT

Your Company recognizes that risk is an integral part of business and is committed to managing the risks in a proactive and efficient manner. Your Company periodically assesses risks in the internal and external environment.

PARTICULARS OF EMPLOYEES

In terms of the provisions of Section 197 (12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a statement showing the remuneration and other details is being annexed to this report as Annexure-B.

DIVIDEND

As our Company incurred some huge losses in the past and some temporary losses in the year under review the company is trying to recover those losses. Our Directors regret their inability to declare dividend to the members.

ANNUAL RETURN

The Extracts of the Annual Return as on 31st March, 2020 of your company is attached in Annexure C.

FINANCE

[A] The Cash and cash equivalent as at March 31, 2020 stands at Rs. 1,02,246.66/-. The Company continues to focus on judicious management of its working capital, receivables, inventories and other working capital parameters were kept under strict check through continuous monitoring.

[B] Recommendation to write off Bad Debt and Debit Balance

Audit committee in their report to the Board of Directors mentioned that their is no need to write off Bad Debts and Debit the Balance. The Debts are Considered Good and company is in good state and therefore the audit committee doesn't recommend the Write off Bad Debts.

DIRECTORS

Your Company is managed and controlled by a Board comprising an optimum blend of Executive and Non-Executive Directors. The Chairman of the Board is a Non-Executive Independent Director. As on March 31, 2020, the Board of Directors comprised of One (1) Executive Director and Seven (7) Directors which are Non-executive Directors, out of which Three (3) are Independent Directors and Two Woman Director. Further in addition to the above mentioned Directors as on March 31, 2020, the Company also had a Chief Executive Officer (CEO) and a Chief Financial Officer (CFO). The composition of the Board is in conformity with Regulation 17 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and the relevant provisions of the Companies Act, 2013. All the Directors possess requisite qualifications and experience in general corporate management, operations, technical expertise, strategy, governance, finance, banking and other allied fields which enable them to contribute effectively to the Company in their capacity as Directors of the Company.

During the year under review, the Company has appointed Mr. Abhinav Bhardwaj as Executive Director, Mr. Anurag Gupta as Non - Executive Director and Mr. Hari Datt Jangid as Independent Director of the Company with effect from 31st July, 2019, 31st July, 2019 and 28th August 2019 respectively and further the appointment confirmed by way of shareholder's approval in the 33rd Annual General Meeting.

The Independent Directors of your Company have given the certificate of independence to your Company stating that they meet the criteria of independence as mentioned under Section149(6) of the Companies Act, 2013.

The policy on Director's appointment and remuneration including criteria for determining qualifications, positive attributes, independence of Director, and also remuneration for Key Managerial Personnel and other employees is stated on website of the Company i.e. www.bccfuba.com.

Resignation

Mr. Harun Rashid Ansari, Independent Director of the Company tendered his resignation from the Board of Directors of the Company with effect from 30th July, 2019 in compliance with the terms and conditions of Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any statutory modifications or re-enactments, if any. The Board placed on record his sincere appreciation for all the valuable guidance, support and contributions provided by Mr. Harun Rashid Ansari, Independent Director during his tenure as the Director of the Company.

CHANGES IN KMP

During the year under review Ms. Suchitra Singh, Company Secretary had tendered her resignation from the post of Company Secretary & Compliance Officer of the Company with effect from 03rd1 February, 2020, the board recorded sincere appreciation for her for all the valuable contribution provided by her towards the company during her tenure. The Board further took note of her resignation in the Board Meeting and designated Mr. N.K. Jain, CFO of the Company as the Compliance Officer of the Company for compliances related to the BSE (Bombay Stock Exchange) till the appointment of Company Secretary & Compliance Officer.

There has been no other changes in any Key Managerial Personnel of the Company during the year ended on March 31, 2020.

Mr. Dinesh Kumar Yadav has been appointed as a Whole-time Company Secretary and Key Managerial personnel of the Company by the Board of Directors of the Company in the Board Meeting on 30th July, 2020 as per the provisions of Section 203 of the Companies Act, 2013 and Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Mr. Dinesh Kumar Yadav, is also designated with the role of Compliance Officer of the Company as per the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CAPITAL STRUCTURE

During the year under review, the Share Capital of your company hasn't change. The Company has not issued any shares during the year ended March 31, 2020.

FUTURE PLANS OF RENOVATION/EXPANSION

Bearing in mind the burgeoning demand for products and marketing strength of "THE BRAND FUBA' as well as the positive economy ahead, the Company is gearing itself to meet future demand growth. The Company is in the process of renovating its plant for maximum utilization of manufacturing capacity of the plant and is working towards capacity expansion and technology upgradation by way of induction and installation of new machinery .

AUDITORS REPORT

The observations of the auditors are self-explanatory and therefore, do not call for any further comments.

[A] STATUTORY AUDITORS

The shareholders of the Company at AGM held on September 27, 2018 had appointed Rajesh K Goel & Associates (FRN 025273N), as the Statutory Auditors of the Company for an initial term of 5 years, till the conclusion of 37th Annual General Meeting. However, the Companies Amendment Act, 2013 has deleted the condition of ratification of statutory auditors and accordingly they hold their office till the conclusion of Annual General Meeting for the Financial Year 2022-23. The Auditors' Report is unmodified i.e. it does not contain any qualification, reservation or adverse remark or disclaimer.

[B] INTERNAL AUDITORS

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. The scope and authority of the Internal Audit function is defined by the Audit Committee and delegated to Internal Auditor to maintain its objectivity and independence. The Internal Auditor reports to the Chairman of the Audit Committee of the Board and to the Chairman/chairperson.

The Internal Auditor monitors and evaluates the efficacy and adequacy of internal control system in the company, its compliance with operating systems, accounting procedures and policies at all locations of the Company and promptly informed the management on the lacking as and when required.

During the year under review, SKSPJ & Associates, Chartered Accountants, Internal Auditor of the Company have tendered resignation with effect from 27th August, 2019 to discontinue its association with the Company as the Internal Auditor. Therefore, the Company approached Mr. Raghav Gujral, Chartered Accountant who gave their consent to be appointed as the Internal Auditor to fill the casual vacancy arose due to resignation of SKSPJ & Associates, Internal Auditor of the Company, for the financial year 2019-20.

The Company had obtained a written Consent from Mr. Raghav Gujral, Chartered Accountants, to such appointment. Mr. Raghav Gujral, Chartered Accountants, New Delhi carried out the internal audit exercise and submitted their report. Mr. Raghav Gujral, Chartered Accountant has carried out internal audit for Financial Year 2019-20.

[C] SECRETARIAL AUDITORS

The Secretarial audit report confirms that the Company has complied with all the relevant provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other necessary compliances under various Acts, in so far as applicable to the Company. The report does not contain any qualifications, reservation or adverse remark.

The secretarial audit report forms part of this report and attached as Annexure-D.

SUBSIDIARIES, JOINT VENTURES OR ASSOCIATES

The Company do not have any subsidiary, joint ventures or associates.

FIXED DEPOSIT

The company did not accept any deposits covered under section 73 of the Companies Act, 2013 during the year under review.

INSURANCE

All the insurable interests of your Company including inventories, buildings, plant and machinery and liabilities under legislative enactments are adequately insured.

CORPORATE GOVERNANCE

Your Company has ensured continued compliance of Corporate Governance requirements during the period under review. Your Company lays strong emphasis on transparency, disclosure and independent supervision to increase various stakeholders' value. As required by the provisions vis-a-vis compliance of corporate governance requirements of SEBI (Listing obligations and Disclosure Requirements) Regulations,2015, the reports on Management Discussion and Analysis, Corporate Governance as well as the Certificate regarding compliance of conditions of corporate governance, are annexed and form an integral part of this report. Further, the company regularly submits the quarterly corporate governance compliance report to the BSE and also uploads the same on its website.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

As on March 31, 2020, there were no outstanding loans or guarantees covered under the provisions of Section 186 of the Act. The details of changes in the Loans, Guarantees and Investments covered under the provisions of Section 186 of the Act are given in the notes to the Financial Statements.

BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013, Listing Agreement and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Company has devised a Policy for performance evaluation of Independent Directors, Board, Committees and other individual Directors which include criteria for performance evaluation of the Non-Executive Directors and Executive Directors. The Board has carried out an annual evaluation of its own performance, the individual Directors (including the Chairman) as well as an evaluation of the working of all Board Committees.

The Board of Directors was assisted by the Nomination and Remuneration Committee. Some of the performance indicators based on which evaluation takes place are experience, expertise, knowledge and skills required for achieving strategy and for implementation of best governance practices which ultimately contributes to the growth of the Company in compliances with all policies of the Company.

COMPOSITION OF COMMITTEES

A] Audit Committee

Audit Committee had been duly constituted by the Board of Directors of the Company as per the terms of the provisions of Section 177 of the Companies Act, 2013 read with the Rules framed thereunder and Regulation 18

of the Listing Regulations. The terms of reference of the Audit Committee has been approved by the Board of Directors. Composition of the Audit Committee, number of meetings held during the year under review, brief terms of reference and other details have been provided in the Corporate Governance Report which forms part of this Annual Report.

During the year under review, the Audit Committee comprises two (2) Independent Directors and one (1) Promoter Director. Mr. Chandar Vir Singh Juneja remained the Chairman of the Committee.

The tenure of Mr. Harun Rashid Ansari as Independent Director of the company has came to end on 30th June, 2019. Accordingly, he tendered his resignation to the Board. The Board took note of the same at its meeting held on 31st July, 2019. The Composition of the Audit committee has been Re-constituted and Ms. Richa Bansali, Independent Director of the Company became the Member of the Audit Committee w.e.f. 31st July, 2019.

B] Nomination & Remuneration Committee

Nomination & Remuneration Committee had been duly constituted by the Board of Directors of the Company as per the terms of the provisions of Section 178 of the Companies Act, 2013 read with the Rules framed thereunder and Regulation 19 of the Listing Regulations. The terms of reference of the Nomination & Remuneration Committee has been approved by the Board of Directors. Composition of the Nomination & Remuneration Committee, number of meetings held during the year under review, brief terms of reference and other details have been provided in the Corporate Governance Report which forms part of this Annual Report.

During the year under review, the Nomination & Remuneration Committee comprises two (2) Independent Directors and one (1) Promoter Director.

During the year the tenure of Mr. Harun Rashid Ansari as Independent Director of the company came to end on 30th June, 2019. Accordingly, he tendered his resignation to the Board. The Board took note of the same at its meeting held on 31st July, 2019. Afterwards, the Composition of the Nomination & Remuneration has been Re-constituted and Ms. Richa Bansali, Independent Director of the Company became the Chairperson of the Nomination & Remuneration Committee w.e.f. 31st July, 2019.

C] Stakeholder Relationship Committee

During the year under review, the Stakeholder Relationship Committee comprises two (2) Independent Directors and one (1) Promoter Director. Mr. Parmod Kumar Gupta remained the Chairman of the Committee. Composition of the Stakeholder Relationship, number of meetings held during the year under review, brief terms of reference and other details have been provided in the Corporate Governance Report which forms part of this Annual Report.

The tenure of Mr. Harun Rashid Ansari as Independent Director of the company came to end on 30th June, 2019. Accordingly, he tendered his resignation to the Board. The Board took note of the same at its meeting held on 31st July, 2019. The Composition of the Stakeholder Relationship has been Re-constituted and Ms. Richa Bansali, Independent Director of the Company became the Member of the Stakeholder Relationship Committee w.e.f. 31st July, 2019.

NOMINATION & REMUNERATION POLICY

The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The Nomination & Remuneration Policy is stated on website of the Company i.e. www.bccfuba.com .

FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS

The Company has framed Familiarization Programme for Independent Directors pursuant to Listing Agreement and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and uploaded the same on the website of the Company. The web link to access the aforesaid programme is www.bccfuba.com.

MEETINGS

A calendar of Meetings is prepared and circulated in advance to the Directors. During the year under review, Seven Board Meetings, one Independent Director Meeting, Five Audit Committee Meetings and other Committee Meetings were convened and held. The details of which are given in the Corporate Governance Report. The intervening gaps between the Meetings were within the period prescribed under the Companies Act, 2013 and SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

As stipulated under Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Management Discussion and Analysis Report is enclosed as a separate part of this report.

CORPORATE SOCIAL RESPONSIBILITY

The Company does not qualify the criteria as prescribed to adopt the corporate social responsibility. CONTRACTS/ARRANGEMENTS WITH RELATED PARTIES

All Related Party Transactions are placed before the Audit Committee for review and approval. Prior omnibus approval is obtained for Related Party Transactions on a quarterly basis for transactions which are of repetitive nature and/or entered in the Ordinary Course of Business and are at Arm's length. All Related Party Transactions are subjected to independent review by a accounting firm to establish compliance with the requirements of Related Party Transactions. All Related Party Transactions entered during the year were in Ordinary Course of the Business and on Arm's Length basis.

No Material Related Party Transactions, i.e. transactions exceeding ten percent of the annual consolidated turnover as per the last audited financial statements, were entered during the year by your Company. Accordingly, the disclosure of Related Party Transactions as required under Section 134 (3)(h) of the Companies Act, 2013 in Form AOC 2 is not applicable.

DECLARATION BY INDEPENDENT DIRECTORS

The Company has received necessary declarations u/s 149(7) of the Companies Act, 2013 from Independent Directors confirming they meet the criteria of independence as prescribed under Companies Act, 2013 and Regulation 25 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SIGNIFICANT /MATERIAL ORDERS PASSED BY THE REGULATORS

There are no significant/material orders passed by the Regulators or Courts or Tribunals impacting the going concern status of your Company and its operations in future.

INTERNAL FINANCIAL CONTROLS

Your Company has put in place adequate internal financial controls with reference to the financial statements.

Your Company has adopted accounting policies which are in line with the applicable Accounting Standards that continue to apply under Section 133 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and relevant provisions of the Companies Act, 2013, to the extent applicable. Your Company, in preparing its financial statements makes judgments and estimates based on sound policies.

REPORTING OF FRAUDS

There was no instance of fraud during the year under review, which require the Statutory Auditors to report to the Audit Committee and / or Board under Section 143(12) of the Companies Act, 2013 and rules framed thereunder.

ENVIORNMENT & GREEN INITIATIVE

The Company is committed to the environment. The Company continues to upkeep trade effluent and chemical treatment plant. Continuous check of air and water pollution at manufacturing unit is made and monitored.

LISTING ON STOCK EXCHANGES

The Equity shares of the Company are listed on BSE Limited (BSE) and necessary listing fees have been paid up to date.

OBLIGATION OF COMPANY UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013.

In order to prevent sexual harassment of women at work place, New Act named "The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013" has been notified on 9th December, 2013. Under the said Act, our company had constituted an Internal Complaints Committee to look into complaints relating to sexual harassment at work place of any women employee. During the year under review, the ICC has not received or disposed any complaint relating to sexual harassment at work place of any women employee.

HUMAN RESOURCES

Your Company treats its "human resources" as one of its most important assets. Your Company continuously invests in attraction, retention and development of talent on an ongoing basis. A number of programs that provide focused people attention are currently underway. Your Company thrust is on promoting of talent internally through job rotation and job enlargement.

INDUSTRIAL RELATIONS

During the Year under review, Your Company enjoyed cordial relationship with workers and employees at all levels. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND

Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

VIGIL MECHANISM

The Company has established a vigil mechanism, incorporating a whistle blower policy in lines with the Regulation 22 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in order to protect the interest of the employees and executives in reporting their grievances in a protected manner. It also provides for the protection against victimization of directors and employees who avail this mechanism and allows direct communication with the Chairperson of the Audit Committee, in certain appropriate and exceptional circumstances. The policy on vigil mechanism may be accessed on the Company's website www.bccfuba.com.

ACKNOWLEDGEMENT

Yours Directors take the opportunity to offer thanks to the State Bank of India for their valuable assistance. Yours Directors also wish to place on record their deep sense of appreciation for services of the executives, staff and workers of the company for smooth operations of the Company

By Order of the Board
For BCC Fuba India Limited
(Chandervir Singh Juneja) (Abhinav Bhardwaj)
Chairperson Director
DIN-00050410 DIN-06785065

   

B C C Fuba India Ltd Company Background

Chandervir Singh Juneja
Incorporation Year1985
Registered Office4 Km Swarghat Road,Dist Solan
Nalagarh,Himachal Pradesh-174101
Telephone+91-11-43656584/49287223,Managing Director
Fax
Company SecretaryDinesh Kumar Yadav
AuditorRajesh K Goel & Associates
Face Value10
Market Lot1
ListingBSE,
RegistrarLink Intime India Pvt Ltd
Noble Heights 1st Fl,Plot NH 2 C-1 Block ,LSC Janakpuri ,New Delhi - 110058
44 Naraina Indl Are,Phase I,Naraina,New Delhi - 110028

B C C Fuba India Ltd Company Management

Director NameDirector DesignationYear
Parmod Kumar GuptaNon Executive Director2017
Vishal TayalNon Executive Director2017
Chandervir Singh JunejaIndependent Director2017
Richa BansaliIndependent Director2017
Suchitra SinghCompany Secretary2017
Mona TayalAdditional Director2017
Abhinav BhardwajAdditional Director2017
Anurag GuptaAdditional Director2017

B C C Fuba India Ltd Listing Information

B C C Fuba India Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Transformers Pcs55002255225322.42997
Printed Circuit Boards SqM234002391124118.1710.8282
Copper Wires-Traded NA 0005.55872
Aluminium NA 0002.49237
Other Operating Revenue NA 0000.04479
Aluminium Winding Wires NA 0000.01993
Job Work NA 0000.0013

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