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

NSE BSE
 

Volume 280564

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Key Stats

MARKET CAP (RS CR) 4.66
P/E 3.7
BOOK VALUE (RS) -45.6326471
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0.74
PRICE/BOOK -0.0600447305630885
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

09-Oct-2020

Yashraj Containeurs Ltd - Regulation 7(3) Of The SEBI ( Listing Obligations And Disclosure Requirements) Regulations 2015.

08-Oct-2020

Yashraj Containeurs Ltd - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

08-Oct-2020

Yashraj Containeurs Ltd - CERTIFICATE UNDER REG 40(9) OF YASHRAJ CONTAINEURS LIMITED FOR THE HALF YEAR ENDED 30.09.2020

05-Oct-2020

Yashraj Containeurs Ltd - Statement Of Investor Complaints For The Quarter Ended September 2020

05-Sep-2020

Yashraj Containeurs to convene board meeting

14-Jul-2020

Yashraj Containeurs to convene AGM

30-Jun-2020

Yashraj Containeurs to declare Quarterly Result

16-Jun-2020

Yashraj Containeurs announces board meeting date

Corporate Actions

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

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
A and M Jumbo Bags Ltd 535046 AMJUMBO
Aditya Polymers Ltd 514338
Ador Technopak Ltd(merged) 516076
Akar Laminators Ltd 500005 AKARLAMIN
Akar Polymatik Ltd (Merged) 516056
AMD Industries Ltd 532828 AMDIND
Anuroop Packaging Ltd 542865
ARM Polymers Ltd 514396
Arun Mantex Ltd 514340
Ashok Polymers Ltd 40470
Asian Closures Ltd 513279
Asian Consolidated Industries Ltd 500022 ASIANCONSO
Avon Industries Ltd 523531 AVONIND
B & A Packaging India Ltd 523186
Balmer Lawrie Freight Containers Ltd 500037
Balmer Lawrie Vanleer Ltd 505864
Baroda Polyplast Ltd 514346
Biax Ltd (Merged) 523393 BIAX
Bilcare Ltd 526853
BKM Industries Ltd 539043 BKMINDST
Canbay Polyfilms Ltd (Wound-up) 526658
CDG Petchem Ltd 534796
Commercial Syn Bags Ltd 539986
Consolidated Containers (India) Ltd 526147
Control Print Ltd 522295 CONTROLPR
Cosmo Films Ltd 508814 COSMOFILMS
Duck Tarpaulins Ltd 512620
Duropack Ltd 526355
Eastern Synpacks Ltd 40201
Ecoplast Ltd 526703
Emmbi Industries Ltd 533161 EMMBI
Essel Propack Ltd 500135 EPL
Ester Industries Ltd 500136 ESTER
Everest Kanto Cylinder Ltd 532684 EKC
Expo Gas Containers Ltd 526614
FCL Technologies & Products Ltd(merged) 524600 FLEXCHEM
Flexituff Ventures International Ltd 533638 FLEXITUFF
G. Claridge & Co Ltd 509545
Galore Prints Industries Ltd 526679
Garware Polyester Ltd 500655 GARWARPOLY
Gilt Pack Ltd 507711
Glory Films Ltd 532857 GLORY
Gold Earth Bio-tech Limited 530767
Gopala Polyplast Ltd 526717
Greenfield Corp Ltd 531912
Gujarat Containers Ltd 513507
Gujarat Polyweave Ltd (Wound Up) 507764
Gujarat Propack Ltd (Merged) 507790
Gujarat Raffia Industries Ltd 523836 GUJRAFFIA
Gulabdas Flexipack Industries Ltd 530685
Harsh Polymers(India) Ltd 514370
Him Containers Ltd 523535
Hindustan Adhesives Ltd 514428
Hindustan Tin Works Ltd 530315 HINDTINWRK
Hitech Corporation Ltd 526217 HITECHCORP
Hitkari Industries Ltd 530633
Hoysala Blow Moulders (India) Ltd 507906
Huhtamaki PPL Ltd 509820 PAPERPROD
India Containers Ltd 40218
Inditalia Refcon Ltd 517526
Jalpac India Ltd 523230
JCL Ltd 530335
Jhaveri Flexo India Ltd 507796
Jindal Poly Films Ltd 500227 JINDALPOLY
JMDE Packaging & Realties Ltd 524378
Jumbo Bag Ltd 516078 JUMBO
Kailash Structurals Ltd 40210
Kaira Can Company Ltd 504840
Kanpur Plastipack Ltd 507779
Kanpur Plastipack Ltd Partly Paid Up 890143
Karan Industries Ltd 514390
Karnavati Alfa International Ltd 526451
Karur KCP Packkagings Ltd 531363 KARURKCP
KLJ Plastics Ltd 526257
Kuwer Industries Ltd 530421
Leela Packaging Ltd 523884
Magnum Polymers (India) Ltd 40182
Mahip Industries Ltd 542503
Maniyar Plast Ltd 526321
Manjushree Technopack Ltd 532950 MANJUSHREE
Maruti Plastics Ltd 519341
Marvel Industries Ltd 532073
Metal Box India Ltd 504838
Mewar Polytex Ltd 531236
Midland Plastics Ltd 523698
Midland Polymers Ltd 531597
MLG Industries Ltd 513619
Morgan Industries Ltd 523564
MTZ Polyfilms Ltd 512424
Nahar Polyfilms Ltd 523391 NAHARPOLY
Natco Polyplast Ltd 526743
Neo Corp International Ltd 523820 NEOCORP
New Plastomers India Ltd 526777
Numech Emballage Ltd 507884
Oberoi Plastics Ltd (Wound-up) 526803
Ocean Agro (India) Ltd 519491
Orient Press Ltd 526325 ORIENTLTD
Packtech Industries Ltd 523702
Panjwani Packaging Ltd 523584
Pankaj Polymers Ltd 531280
Paramount Printpackaging Ltd 533399 PARAPRINT
PCI Papers Ltd 40460
Perfectpac Ltd 526435
Pithampur Poly Products Ltd 530683
Planters Polysack Ltd 523105
Point Plast Ltd 526053
Polyplex Corporation Ltd 524051 POLYPLEX
Polyspin Exports Ltd 539354
Poysha Industrial Company Ltd 504887
Pressure Sensitive Systems (India) Ltd 526773
Prestige HM-Polycontainers Ltd 507707
Prudential Polywebs Ltd 526023
Purity Flex Pack Ltd 523315
Pushpa Packages Ltd 40254
Quantum Digital Vision India Ltd 530281
Radiant Rotogravure Ltd 531526
Raj Packaging Industries Ltd 530111
Rajshree Polypack Ltd 535109 RPPL
Ras Extrusions Ltd (Merged) 523780
Ras Propack Lamipack Ltd (Merged) 500361 RASLAMIPAK
Rasik Plast Ltd 526552
Rathi Graphic Technologies Ltd 524610
Rishi Techtex Ltd 523021 RISHIPACK
Rollatainers Ltd 502448 ROLLT
Rotoflex Industries Ltd 526903
Safepack Polymers Ltd (Wound-up) 523090
Salguti Industries Ltd 526554
Shaan Interwell (India) Ltd 514458 SHAANINTER
Sharp Industries Ltd 523359
Shatranjay Extrusions Ltd 513476
Shetron Ltd 526137 SHETRON
Shree Rama Multi-Tech Ltd 532310 SHREERAMA
Shree Tirupati Balajee FIBC Ltd 535013 TIRUPATI
Shri Jagdamba Polymers Ltd 512453
Siltap Chemicals Ltd (Merged) 507777 SILTAPCHEM
Sonal Adhesives Ltd 526901
Stanpacks (India) Ltd 530931
Suniti Commercials Ltd 512357
Suprapti Plastics Ltd 530539
Supreme Oriented Films Ltd (Merged) 523273
Sushil Packaging (India) Ltd 516094
TCPL Packaging Ltd 523301 TCPLPACK
Texel Industries Ltd 526638
Texplast Industries Ltd 530635
TPI India Ltd 500421 TPINDIA
TPL Plastech Ltd 526582 TPLPLASTEH
Trans Asia Packaging Ltd (Merged) 523402
Trans Freight Containers Ltd 513063 TRANSFREIT
Uflex Ltd 500148 UFLEX
Ushma Polymers Ltd 514372
Uvifort Metallizers Ltd (Merged) 523481
Vallabha Poly-Plast International Ltd 530403
Varun Seacon Ltd (Wound Up) 526297 VARUNSEA
Venlon Enterprises Ltd 524038 VENLONPOLY
Victory Laminations Ltd 40202
Virgo Polymers (India) Ltd 531282
Volplast Ltd 531922
Waaree Technologies Ltd 539337
Wilwayfort India Ltd 530293
Wopolin Plastics Ltd 509419 WOPOLIN

Share Holding

Category No. of shares Percentage
Total Foreign 0 0.00
Total Institutions 399 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 0 0.00
Total Promoters 12581295 74.01
Total Public & others 4418306 25.99
Total 17000000 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Yashraj Containeurs Ltd

Yashraj Containeurs Ltd. (YCL) is an India-based company. The Company is engaged in the manufacturing of barrels and trading of cold rolled close annealed coil. YCL's products include closed top steel barrels, open top steel barrels and composite steel-plastic barrels. Its open top steel barrels are used for storage and transportation of liquids, pastes and solid substances. The company was started in the year 1993. They Started merely manufacturing of metal barrels of 180-235 liters capacity. Today, Yashraj has reached a greatest height and is one of the largest manufacturer of industrial packaging solutions in India consisting of an extensive assortment of standard and speciality steel barrels in different sizes and thickness with a choice of internal as well as external coatings and configurations. After the incorporation of Yashraj, there has been no looking back. The company has constantly improved themselves in temrs of technology and have always given their total commitment in rendering the best services to customers and have improved it every time. The evident proof is their satisfied customers who appreciate their services towards them along with the quality of products. During the fiscal year ended March 31, 2010 (fiscal 2010), it had set up additional manufacturing facilities at Chennai, Kolkatta and Haryana. During fiscal 2010, its composite barrels had a capacity of 210 liters and are used for packing dangerous and corrosive materials. As of March 31, 2010, its clients included Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd, Indian Oil Corporation Ltd, Bharat Shell, Gulf Oil Corporation Ltd, Jubilant Organosys Ltd, Tide Water Oil Company India Ltd, Asian Paints Ltd, United Phosphorus Ltd, Reliance Industries Ltd, Micro Inks Ltd and Ranbaxy Fine Chemicals.

Yashraj Containeurs Ltd Chairman Speech

Yashraj Containeurs Ltd Company History

Yashraj Containeurs Ltd. (YCL) is an India-based company. The Company is engaged in the manufacturing of barrels and trading of cold rolled close annealed coil. YCL's products include closed top steel barrels, open top steel barrels and composite steel-plastic barrels. Its open top steel barrels are used for storage and transportation of liquids, pastes and solid substances. The company was started in the year 1993. They Started merely manufacturing of metal barrels of 180-235 liters capacity. Today, Yashraj has reached a greatest height and is one of the largest manufacturer of industrial packaging solutions in India consisting of an extensive assortment of standard and speciality steel barrels in different sizes and thickness with a choice of internal as well as external coatings and configurations. After the incorporation of Yashraj, there has been no looking back. The company has constantly improved themselves in temrs of technology and have always given their total commitment in rendering the best services to customers and have improved it every time. The evident proof is their satisfied customers who appreciate their services towards them along with the quality of products. During the fiscal year ended March 31, 2010 (fiscal 2010), it had set up additional manufacturing facilities at Chennai, Kolkatta and Haryana. During fiscal 2010, its composite barrels had a capacity of 210 liters and are used for packing dangerous and corrosive materials. As of March 31, 2010, its clients included Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd, Indian Oil Corporation Ltd, Bharat Shell, Gulf Oil Corporation Ltd, Jubilant Organosys Ltd, Tide Water Oil Company India Ltd, Asian Paints Ltd, United Phosphorus Ltd, Reliance Industries Ltd, Micro Inks Ltd and Ranbaxy Fine Chemicals.

Yashraj Containeurs Ltd Directors Reports

To,

The Members,

Your Directors are pleased to present the Twenty-Seventh Annual Report and the Audited Statement of Accounts of your Company for the year ended on 31st March, 2020, are as under:

FINANCIAL RESULTS:

(Amount in Lacs)

Year ended 31.3.2020 Year ended 31.3.2019
Turnover 3118.01 2423.48
Profit/(Loss) Before Depreciation, Finance Charges & Taxation 939.81 748.80
Profit/(Loss) before Depreciation & Taxation 915.76 727.80
Profit/(Loss) after Depreciation & Taxation 885.20 694.10
Balance carried over to Balance Sheet 884.84 688.21

DIVIDEND:

During the year under review, owing to the accumulated losses, the Directors do not recommend any dividend.

COVID-19 PANDEMIC:

The Covid-19 Pandemic is the defining Global Health crisis of our time and is spreading very fast across the country including the whole world. But it is much more than health crisis and is having an unprecedented impact on people and economies worldwide. The Company is taking all necessary measures in terms of mitigating the impact of the challenges being faced in the business. Though the long term directional priority of the company remain firm, in light of Covid-19 Pandemic and it is expected impact on the operative environment, the key priority of the Company would be to closely monitor supply chain, conserve cash and control fixed cost. The Ministry of Home Affairs, Government of India, on March 20, 2020 notified the firm ever nationwide lockdown in India to contain the outbreak of Covid-19. Towards the end of quarter ended March 2020, the operations was destructed at manufacturing facilities/ plant of the company.

In view of the outbreak of the pandemic, the economy undertook timely and essential measures to ensure the safety and well-being of the all its employees at all its plant locations, and offices. The Company observed all the Government advisories and guidelines thoroughly and in a good faith.

AMOUNT TRANSFERRED TO RESERVES:

The Board has decided to carry profit of Rs. 884.84 lacs to its Reserves.

NATURE OF INDUSTRY:

The Company is directly engaged in the business of manufacturing of Drums and Barrels.

STATEMENT ON COMPANY'S AFFAIRS:

In view of tough competition from local and international market, the company is making all efforts to increase the activities. During the year ended 31st March, 2020, your company has made Profit after tax of Rs.885.20 lacs as against Profit of Rs. 694.10 lacs in the previous year.

MATERIAL CHANGES SINCE END OF FINANCIAL YEAR TILL DATE OF THIS REPORT:

There was no material changes since end of financial year till date of this Report.

DEPOSITS:

The Company has not invited or accepted any Fixed Deposits from the Public during the year under review.

SUBSIDIARY COMPANY:

The Company does not have any Subsidiary/Joint Venture/Associate Company as on the year ended 31st March, 2020.

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENT:

Particulars of the loans given, Investment made or guarantees given or security provided and the purpose for which the loans or guarantees or security is proposed to be utilized by the recipient of the loan or security are provided, if any in the Financial Statement.

PARTICULARS OF CHANGE IN BUSINESS:

There is no change in the business operations of the Company.

VOLUNTARY REVISION OF FINANCIAL STATEMENTS:

We state that there is no Voluntary Revision of Financial Statements during the Financial Year 2019-2020.

WEB ADDRESS:

Our Web address is www.barrelpeople.comand all the datas including Annual Report and various others matters are displayed on our website.

GLOBAL DEPOSITORY RECEIPT:

During the year, the company has not received any Global Depository Receipt or American Depository Receipt or warrants or any convertible instruments which has impact on our Share Capital (Equity) .

COMMODITY PRICE RISK OR FOREIGN EXCHANGE:

There is no commodity price risk or foreign exchange risk to the company as our activities barrels and drums are supplied within the country.

PLANT LOCATION:

Our Plant Location are as under:

Address : Survey No. 260/6 & 7, Bhimpore Char Rasta, Bhimpore, Daman 396 210.

ONE TIME SETTLEMENT WITH SASF:

As stated in the last Annual Report, in respect of outstanding dues of Stressed Assets & Stablization Fund (IDBI), the Company has liquidated entire Term Loans under OTS (One Time Settlement sanctioned Term Loans on 24-01-1995, 10-12-1997 and 17-03-1999 against Suit No.OA/112/2018 dated 18-05-2018 for Rs.271.12 crores filed by SASF at DRT Court, Mumbai), in full and final payment of their dues.

MATERIAL DEVELOPMENTS ON HUMAN RESOURCES/INDUSTRIAL RELATIONS:

There is no Material Development on human resources/industrial relations front, including number of employees

RELATIONSHIP BETWEEN DIRECTORS INTER-SE:

As stated, the Company has three (3) Directors i.e. Two are Independent Directors and one is Managing Director on the Board of the Company. Our None of the employees are related with any of the Directors of the Company.

STATUTORY AUDITORS:

The Shareholders at the 25th Annual General Meeting of the Company held on September 28, 2018, had appointed M/s. NPV & Associates, Chartered Accountant (Firm Registration No. 129408W) as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the 29th Annual General Meeting to be held in the year 2022, be ratified by the members on a such remuneration including out of pocket expenses as may be mutually agreed upon by the Board of Directors of the Company and Auditors.

Pursuant to the Amendment to Section 139(1) of the Companies Act, 2013, ratification of Appointment of Statutory Auditors at every AGM is not required.

The Notes and Remarks on the Financial Statement referred to in the Auditors Report issued by M/s. NPV & Associates, Chartered Accountants, Mumbai for the Financial Year ended 31st March, 2020 are self-explanatory and do not call for any further comments.

SECRETARIAL AUDITORS REPORT:

The Secretarial Auditors' Report dated July 8, 2020, issued by M/s. Kaushik Nahar & Associates are attached as per ANNEXURE 'A' forming part of Directors' Report. As regards the Qualification, the same are self-explanatory. Further, the Other Qualifications, we have to state as under: Further in the matter of SEBI and as per Qualification Report of Secretarial Auditor Report Sr. No. 1(a) and vii dated 08.07.2020, the same has been clarified and explained under Directors' Report as below and also under MGT-9 (Page No. 29) and the same are self-explanatory.

NOMINATION AND REMUNERATION COMMITTEE:

As regards the Qualifications i.e. Sr. No.1 (a) SEBI (LODR) Certificate on Corporate Governance, we state that the Company is making efforts to appoint one more Independent Director so as to make three (3) Independent Directors under Nomination and Remuneration Committee. Presently the Company has two Independent Director and in all meetings, the said Directors are attending the meeting from time to time and accordingly quorum of minimum two Directors approving the Agenda are passed in the Committee Meeting.

EQUITY SHARES OF 1000 FOR DEMATERIALIZATION:

One Promoter holding 1000 Equity shares under physical and the same be dematerialized in due course.

EXTRACTS OF THE ANNUAL RETURN IN MGT-9:

The Annual Return in MGT-9 form is annexed herewith as Annexure "B" to this Report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO:

Information in accordance with Section 134(3)(m) of the Companies Act, 2013 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 2014 is given as below. The disclosure of particulars with respect to Conservation of Energy is not applicable in the case of your Company.

Particulars as required under Companies (Disclosure of Particulars in the Report of Directors) Rules, 1988 and forming part of Directors' Report for the year ended 31st March, 2020.

Current Year Previous Year
Rs. Rs.
I. RESEARCH & DEVELOPMENT (R & D):
a) Specific areas in which R & D carried out by the Company None None
b) Benefits derived as a result of the above R & D None None
c) Further plan of action None None
d) Expenditure on Research & Development Nil Nil
I. TECHNOLOGY ABSORPTION, ADAPTATION & INNOVATION:
a) Efforts in brief made towards Technology, Absorption, Adaptation and Innovation Nil Nil
b) Benefit derived as a result of the above effort Nil Nil
c) Particulars of Technology imported during the last 5 years Nil Nil
I I. FOREIGN EXCHANGE EARNINGS & OUTGO:
a) Activities relating to exports and export plans Nil Nil
Current Year Previous Year
Rs. Rs.
b) Total Foreign Exchange Used & Earned:
i) Foreign Exchange Used 9,12,860.40 NIL
ii) Foreign Exchange Earned NIL NIL

STOCK EXCHANGE:

The Company is listed on the Stock Exchange. 1. Bombay Stock Exchange Ltd.

DIRECTORS:

The Board consists of 3 Directors out of which one is Managing Director and other two Directors are Independent Directors.

THUS THERE IS NO QUESTION OF DIRECTORS RETIRING BY ROTATION.

CESSATION:

During the year, Mr. Babulal Bansilal Jain, Independent Director relinquished his Directorship with effect from May 28, 2019. The Board places on record its appreciation for the valuable contribution made by him for the services rendered during his association with the Company. However as required under the Companies Act, 2013, the Company has appointed Mr. Sunil Vasantrao Patil (DIN No. 08450300), as an Independent Director with effect from 28.05.2019.

Declaration by Independent Directors, Mr. Sunil Vasantrao Patil and Mrs. Jyoti Vivek Panchal, Independent (Women) Director (Advocate) that they meet the criteria pursuant to provisions of Sec 149 (c) of the Companies Act, 2013 are received by the Company.

The Independent Directors of the Company have undertaken necessary steps towards the inclusion of their names in the data bank of Independent Directors maintained with the Indian Institute of Corporate Affairs in term of Section 150 of the (Appointment & Qualification of Directors) Act Rules 2014.

As regards the appointment of (Women) Director under Section 149 of the Companies Act, 2013, your company has already appointed Mrs. Jyoti Panchal as an Independent (Women) Director as per the Board of Directors Meeting held on 12th February, 2018.

DISCLOSURE ABOUT RECEIPT OF ANY COMMISSION BY DIRECTOR FROM A COMPANY:

None of the Directors of the Company are receiving any Commission from the Company; hence the requirement of disclosure is not applicable.

DISCLOSURE ABOUT RECEIPT OF COMMISSION / REMUNERATION BY MANAGING DIRECTOR / WHOLE-TIME DIRECTOR FROM ITS HOLDING OR SUBSIDIARY COMPANY:

Since the Company does not have any Holding or Subsidiary Company, the requirement of disclosure is not applicable. None of the Director or Whole-time Directors of the Company are receiving any Commission or Remuneration from its Holding or Subsidiary Company.

EVALUATION OF BOARD, COMMITTEES & DIRECTORS:

Pursuant to the provisions of the Act and the Listing Regulations, the Board had carried out performance, evaluation of its own, the Board Committee and of the Independent Directors and found to be very satisfactory.

REPORTING OF FRAUD:

The Auditors of the Company have not reported any instances of Fraud Committed against the Company by its officers or employees as specified Under Section 143(12) of the Companies Act, 2013.

SHARES

BUY BACK OF SECURITIES:

The Company has not bought back any of its securities during the year under review.

SWEAT EQUITY:

The Company has not issued any Sweat Equity Shares during the year under review, hence THE REQUIREMENT OF DISCLOSURE IS NOT APPLICABLE.

BONUS SHARES:

No Bonus Shares were issued during the year under review, hence the requirement of disclosure is not applicable.

EMPLOYEES STOCK OPTION PLAN:

The Company has not provided any Stock Option Scheme to the employees, hence the requirement of disclosure is not applicable.

EQUITY SHARES WITH DIFFERENTIAL VOTING RIGHTS:

The Company has not issued any Equity Shares with Differential Voting Rights during the year under review hence the requirement of disclosure is not applicable.

FAMILIARIZATION PROGRAMME:

The details of programmes for familiarization of Independent Directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the company and related matters are put on the website of the company at the link: www.barrelpeople.com.

RISK MANAGEMENT:

Pursuant to Section 134(3) (n) of the Companies, Act, 2013 and relevant Regulation of Listing Regulation 2015, the Company has adopted a Risk Management Policy for the identification and implementation of a Risk Mitigation Plan for the Company. The company has included appropriate procedures to inform the Board about the Risk Assessment and minimization procedures. The Board periodically revisit and reviews the overall Risk Management Plan for making desired changes in response to the dynamics of the business.

VIGIL MECHANISM AND WHISTLE BLOWER POLICY:

Details in respect of Vigil Mechanism and Whistle Blower Policy are provided in the Corporate Governance report forming Part of this Report.

SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORY/JUDICIAL AUTHORITY:

There are no significant materials orders passed by The Regulatory or Courts or Tribunal, which would impact the going concern status of the company and in its future.

CORPORATE SOCIAL RESPONSIBILITY:

The provisions of Corporate Social Responsibility are not applicable to our Company.

INTERNAL CONTROL SYSTEMS:

The Company has got internal control system commensurate to the size and the systems and operations. It is supplemented by extensive internal audit procedures, reviewed by Management and Audit Committee. The internal audit covers all the activities of the company. Company reviews findings of internal audit system on regular basis and they are upgraded based on internal audit recommendations. Your company's statutory Auditors' have confirmed the adequacy of internal control systems.

DIRECTORS' RESPONSIBILITY STATEMENT:

The Board of Directors of the Company confirms:

i) In the preparation of the Annual Accounts, the applicable accounting standards have been followed and wherever required, proper explanations relating to material departures have been given.

ii) 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.

iii) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other Irregularities.

iv) the Accounts have been prepared on a going concern basis.

v) The Directors had laid down internal financial controls and such internal financial controls are adequate and were operating efficiently.

vi) The Directors had devised proper system to ensure compliance with the provisions of all applicable laws and such systems were adequate and operating efficiently.

PARTICULARS OF REMUNERATION OF DIRECTORS/KMP/EMPLOYEES:

The details as required under Sec.197 of the Companies Act, 2013, and Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel), None of the Directors/KMP/Employees are drawing remuneration in excess of the limits during the year under review.

II. MEDIAN REMUNERATION

1. The Ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the Financial Year and the percentage increase in remuneration of each Director, Chief Financial Officer, Chief Executive Officer, Company Secretary, or Manager, if any, in the financial year are as under:

DIRECTORS

Sr. No. Names Fees
1 Mr. Jayesh Valia NIL
2 Mrs. Jyoti Panchal Only Sitting fees for attending the Board/Audit Meetings are being paid
3 Mr. Sunil V. Patil Only Sitting fees for attending the Board/Audit Meetings are being paid

DIRECTOR & KEY MANAGERIAL PERSONNEL

Sr. No. Names Ratio to Median % Increase / decrease in remuneration
1 Mr. Jayesh Valia (Managing Director) 8.38 0.50%
2 Mrs. Heer Valia (Chief Financial Officer) 6.20
3 Mr. Arun Nile (Company Secretary) 1.15

2. The percentage increase in the median remuneration of employees in the financial year: NIL

3. The number of permanent employees on the rolls of Company as on March 2020 : 96

4. Affirmation that the remuneration is as per the Remuneration Policy of the Company:

It is affirmed that the remuneration paid is as per the Remuneration Policy applicable for Directors, Key Managerial Personnel and other employees, adopted by the Company.

DIRECTORS SEEKING APPOINTMENTS & RE-APPOINTMENT:

Both the Directors are not disqualified from being appointed/reappointed as Directors by virtue of the provision of Section 164 of the Act. In accordance with the requirement of SEBI, LODR the Company has formulated and adopted policy for determining materiality of and dealing with RPTs. Those policies have been amended from time to time with the amendment of SEBI, LODR. These Codes and Policies are already displayed on the Company's website at www.barrelpeople.com.

TAXATION:

The Companies Income Tax Assessment have been completed upto the Financial Year ended 31st March, 2016.

INDUSTRY STRUCTURE, DEVELOPMENTS, OPPORTUNITIES AND OUTLOOK:

Industrial Packaging is the largest manufacturer in India. Steel Drums are utilized for safe packaging and transportation of liquid/semi liquid/ pulp/greases/powders etc.

The main drivers of rigid Industrial Packaging are:

1) Growth of underlying custom Industries Rigid Industrial packaging demand is closely correlated with the underlying growth of customer Industries (Chemical Industry with largest influence).

2) Substitution across Packaging segment shift between different materials due to changing customer needs.

3) Standardization increases comparability between packaging products.

INDUSTRY OUTLOOK:

The Covid-19 Pandemic is the defining Global Health crisis of our time and is spreading very fast across the country including whole world. But it is much more than health crisis and is having an unprecedented impact on people and economies worldwide.

In the last few years the Barrel Industry has witnessed a positive change. Implementation of Goods & Services Tax Act (GST) have ensured Greater transparency and protection for barrel industries, but also rewarded more efficient and organized players in the industry by reducing the cost arbitrage benefits of the unorganized sector.

Moreover, tough market conditions in the last few years have opened up opportunities for Companies with strong balance sheets to secure projects at attractive rates.

INDUSTRIAL RELATIONS:

Industrial Relations with all the employees of the Company were cordial during the year under review.

SEXUAL HARASSMENT ON WOMEN (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

The Company has formed an Internal Complaints Committee (ICC) which is responsible for Redressal of complaints related to Sexual Harassment as per the policy.

During the year under review, there was no complaint of Sexual Harassment on women/employees.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT OVERALL (MD&A):

During the year 2019-2020 the Global economy showed positive results and that also helped in the revival of Asian Economic Growth. However the same are given separately forming Part of the Board of Directors' Report.

CORPORATE GOVERNANCE:

A Report on Corporate Governance alongwith a Certificate from Auditors of the Company regarding the compliance with the conditions of Corporate Governance as stipulated under Part E of Schedule V of SEBI LODR forms Part of this Annual Report.

COMPLIANCE WITH THE PROVISIONS OF SECRETARIAL STANDARD:

The applicable Secretarial Standard i.e. SS-1 and SS-2 relating to the meetings of the Board of Directors' and General Meetings have been duly complied by the company.

INSIDER TRADING REGULATIONS & CODE OF DISCLOSURE:

The Board of Directors have adopted the Code of Practice and procedures for fair disclosure of Unpublished Price Sensitive Information and Code of Internal Procedures and conduct for Regulating Monitoring and Reporting of Trading by Insiders in accordance with the requirements of the SEBI (Prohibition of Insider Trading) Regulation 2015.

RELATED PARTY TRANSACTIONS:

All the Related Party Transactions (RPT) entered into by the Company during the year under Review were at arms' length in the Ordinary course of business. All the Related Party Transactions (RPT) are placed before the Audit Committee forits approval. As such, no particulars of such contracts or arrangements are furnished. The same has been enumerated in Note No. 29 of the Balance-Sheet.

SHIFTING OF REGISTERED OFFICE WITHIN SAME LOCALITY:

During the year, our Registered Office was shifted within same Locality from Jwala Estate, Pushp Vinod-2, 2nd Floor, Soniwadi, Off S.V. Road, Borivali (West), Mumbai 400 092 to New Regd. Office at MADHAV NIWAS CHSL, FLAT NO. B-1A, FIRST FLOOR, NATAKWALA LANE, OPP. S. V. ROAD, BORIVALI (WEST), MUMBAI - 400 092 on account of Administrative convenience.

GREEN INITIATIVES:

Electronic copies of the Annual Report 2019-2020 and the Notice of the AGM are sent to all the members whose email addresses are registered with the R&T Agents i.e. M/s. Sharex Dynamic (India) Pvt. Ltd.

ACKNOWLEDGEMENTS:

Your Directors place on record their sincere thanks to the State and Central Government for their co-operation and dedicated and devoted services rendered by the employees of the Group of Company at all levels. Your Directors also thank the Bankers, customers, shareholders and the suppliers of your Company for their co-operation and valuable support.

   

Yashraj Containeurs Ltd Company Background

Jayesh Vindorai ValiaJayesh Vindorai Valia
Incorporation Year1993
Registered OfficeJwala Estate Plot No 757 & 758,Off S V Road Borivli (W)
Mumbai,Maharashtra-400092
Telephone91-022-28992658/28997506/28983234,Managing Director
Fax91-022-28997806
Company SecretaryArun Nile
AuditorNPV & Associates
Face Value10
Market Lot1
ListingBSE,
RegistrarSharex Dynamic (India) Pvt Ltd
Unit No 1 Luthra Ind,Andheri Kurla Road ,Safed Pool Andheri(E,Mumbai - 400 072

Yashraj Containeurs Ltd Company Management

Director NameDirector DesignationYear
Jayesh Vindorai Valia Chairman & Managing Director 2018
Jyoti Panchal Independent Director 2018
Sunil Vasantrao Patil Independent Director 2018
Arun Nile Company Secretary 2018

Yashraj Containeurs Ltd Listing Information

Yashraj Containeurs Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Metal Drums No 00022.3295
Sales of Scrap NA 0000.8941
Adjustment NA 0000
Plastic Drums No 0000
Cold Rolled Coils/Sheets MT 0000
Others-Traded MT 0000
Excise Duty NA 0000
Metal-Traded MT 0000
Other operating revenues NA 0000
Plastic-Traded MT 0000
Small Drums No 0000

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