मैट्रिक्स
 
 
एक्वा लजिस्टिक्स निदेशकों की रिपोर्ट, एक्वा लजिस्टिक्स निर्देशकों द्वारा रिपोर्ट

एक्वा लजिस्टिक्स

बीएसई: 533159  |  NSE: AQUA  |  ISIN: INE544K01026  |  Transport & Logistics

खोजें एक्वा लजिस्टिक्स कनेक्शन Mar 12
निदेशकों की रिपोर्ट वर्षांत : Mar '13
To, The Members of Aqua Logistics Limited
 
 The Directors are pleased to present the Fourteenth Annual Report of
 the Company along with Audited Statement of Accounts for the period
 ended on 31st March, 2013.
 
 FINANCIAL HIGHLIGHTS
 
 Your Company''s performance during the year under review is summarized
 below:
 
                                                           (Rs. in Lacs)
 
 Particulars                                 For the 
                                             year ended     For the 
                                                            year ended
                                             31-03-2013     31-03-2012
 
 Sales & Other Income                          26067.98       31298.97
 
 Profit Before Depreciation, Interest,          1915.65        1841.57
 Exceptional, Extraordinary Items and Taxes
 
 Interest and Financial Charges                 1265.92        1178.27
 
 Depreciation                                    392.11         386.84
 
 Profit Before Exceptional, Extraordinary Items  257.62         276.46 
 and Taxes
 
 Exceptional Items                                99.93          99.93
 
 Extraordinary Items                            2908.59           5.69
 
 Profit / (Loss) Before Tax                    (2750.90)        170.83
 
 Provision For Tax                                 0.00          40.00
 
 Deferred Tax Liabilities                         89.81          15.47
 
 Profit / (Loss) After Tax                     (2840.70)        115.36
 
 Profit brought forward from Previous Year      6153.73        6038.37
 
 Profit carried to Balance Sheet                3313.04        6153.74
 
 REVIEW OF OPERATIONS
 
 During the year, your Company has registered a significant volatility
 and thereby a lower growth in its overall performance, entirely due to
 the extreme weak economic fundamentals within the country and in
 overseas market.  The broad spectrum of industries in India has gone
 through a very bad patch during this fiscal, with top line of
 operations and margins shrinking. Logistics industry has been no
 exception to this, as its performance largely depends on the GDP growth
 within the various segment of industry. Income from operations is Rs
 26067.98 lacs as compared to Rs. 31298.97 lacs in the previous year
 showing decrease of 16.71%. The decrease in revenue is mainly due to
 decrease in revenue from freight forwarding services and largely in
 project logistics. However, in-spite of all odds and adversities your
 Company has achieved reasonable level of sales targets, which is
 grossly attributable to Company''s customer-centric approach and its
 ability to provide customer specific solutions, customer centric focus
 on pricing and innovative marketing strategy, timely project executions
 and better control over cost.
 
 Profit before Depreciation, Interest and Tax (PBDIT) has increased from
 Rs. 1841.57 lacs for the year ended March 31, 2012 to Rs. 1915.65 lacs
 showing a slight growth of operations this fiscal. During FY 2013, your
 Company has recorded Net Loss after Tax to Rs. 2840.70 lacs from a PAT
 level of Rs. 115.37 lacs in FY 2012 due to loss on sale of Investments
 in subsidiary companies.
 
 The Directors of your Company are currently doing their best to improve
 the Company''s earning and the results will show up in the ensuing
 quarters.
 
 BUSINESS & FUTURE OUTLOOK
 
 According to the World Bank''s 2012 Logistics Performance Indicator,
 India is ranked 46th and is behind countries such as Japan, the United
 States, Germany and China. Logistics costs account for around 6-10% of
 average retail prices in India as against the global average of 4-5%.
 Therefore, there is a clear scope to improve margins by 3-5% by
 improving the efficiency of the supply chain and logistics processes.
 India is the second largest producer of fruits and vegetables in the
 world but, according to the India Tribune, due to inadequate supply
 chain and logistics infrastructure and management, two-thirds of the
 produce, worth US$ 65 billion in revenue, is wasted or lost in transit
 every year.17 In the last few years, India has also been crippled by
 rising food inflation rates, predominantly due to high supply chain
 costs in the Indian food and grocery industry, estimated at US$ 24
 billion. When it comes to temperature-sensitive transportation and
 storage, the gap is more glaring. According to industry analysts,
 improving the back-end processes in the supply chain and integrating
 cold chains can save US$ 15 billion annually while reducing the wastage
 of perishable horticulture produce and ensuring additional export
 revenue of over US$ 5 billion. In India, 65% of freight traffic moves
 on the road network. Road freight volumes have increased at a much
 higher rate than the growth of the road network over the last few
 years, creating structural issues of capacity and quality. Complex
 taxation and the use of different road permits/documents in different
 states impose additional constraints on the movement of freight by
 road.
 
 Going forward Your Company intends to focus on this opportunity in
 creating infrastructure to cater to this segment and is already in the
 process of scouting for suitable partners to align with for seizing
 this opportunity. This segment of logistics business requires huge
 level of investments in infrastructure and is a short to medium term
 opportunity with heavy dose of top line business and fantastic bottom
 level business opportunity. Your Company is clearly focused on this and
 is making the right moves to enter this area.
 
 As far as the existing operations are concerned, Your company is
 focused in reducing the lower margin business in the various segments
 of logistics operations and focus only on reasonable margin oriented
 businesses and is currently focused more in supply chain solutions and
 delivery to existing clientele on selective basis. Your Company wants
 to certainly restructure the operations from an improved margin
 orientation business which only can sustain operations on long term
 basis and can also provide value to its valued existing shareholders
 and other stake holders.
 
 Your Company is also focused currently in reducing its short and long
 term liabilities significantly by aligning with strategic investors so
 that the interest burden which is erasing the margins to be retained
 can be restored and the operational efficiency can be brought back into
 black during this fiscal. Lot of efforts are under way to achieve this
 and Your company is confident of achieving this at a reasonable time
 frame.
 
 Your Company is completely aware of the weak economic fundamentals
 prevailing in the domestic and overseas markets at this point in time.
 There is a huge negative sentiment prevailing. But Your Company feels
 that these are the best times to initiate and enter newer segments of
 logistics businesses which can provide long term value to shareholders
 and stake holders. Further, with the economic sentiment within the
 country likely to show positive results in the third quarter of this
 fiscal, Your Company is confident of restoring back its original glory
 of CAGR and PAT.
 
 DIVIDENDS
 
 In order to conserve the profits of the business of the company, to
 meet the growing funding requirements, your Directors have not
 recommended any dividend for the year under report.
 
 PUBLIC DEPOSITS
 
 Your Company has neither invited nor accepted any deposits from public,
 within the meaning of section 58A of the Companies Act, 1956 and Rules
 made thereunder.
 
 SUBSIDIARY COMPANIES:
 
 The major part of the Subsidiary Companies have been hived off and sold
 during this fiscal to an Overseas Investor and for the balance tiny
 subsidiaries, in accordance with the General Circular no. 2/2011 File
 no. 51/12/2007-CL-III dated 8th February, 2011 issued by the Ministry
 of Corporate Affairs, Government of India, granting general exception
 to the Companies Under Section 212 (8) of the Companies Act, 1956 the
 Balance Sheet, Profit and Loss Account and other Reports and statement
 of the Subsidiary Companies are not being attached with the Balance
 Sheet of the Company. The Company will make available the Annual
 Accounts of the Subsidiary Companies and the related detailed
 information to any shareholder of the seeking such information at any
 point of time. The Annual Accounts of the subsidiary companies also
 available for inspection by any shareholder at the Registered Office of
 the Company and that of the respective subsidiary companies. The
 Consolidated Financial Statement of the Company and all the
 subsidiaries duly audited by the statutory auditor of the Company are
 presented in the Annual Report of the Company.
 
 AMOUNT TO BE CARRIED TO RESERVES
 
 Since it is not proposed to declare any dividend, the entire amount of
 Rs. (2840.70) is proposed to be transferred to the Reserves of the
 Company.
 
 AUDITORS
 
 M/s. Anil Nair & Associates, Chartered Accountants, Chennai, the
 Statutory Auditors of the Company, retires at the conclusion of this
 Annual General Meeting. They have furnished a certificate stating that
 their appointment if made will be within the limits laid down u/s 224
 (1B) of the Companies Act, 1956. The Board recommends re-appointment of
 M/s. Anil Nair & Associates as Statutory Auditors of the Company for
 the current financial year and to fix their remuneration.
 
 AUDITORS'' REPORT
 
 The notes to the Annual Accounts of the Company, referred to in the
 Auditor''s Report are self - explanatory and do not require any
 clarification from the Board except with regard to the following:
 
 Though there are no qualifications in the Auditors Report there are
 certain issues which have been highlighted viz financial stress on the
 Company which is reflected by statutory dues are in arrears, dues to
 banks and a financial institution are pending. In order to overcome the
 situation, Your Company is focused currently in reducing its short and
 long term liabilities significantly by aligning with strategic
 investors so that the interest burden which is erasing the margins to
 be retained can be restored and the operational efficiency can be
 brought back into black during this fiscal.  Lot of efforts are under
 way to achieve this and Your company is confident of achieving this at
 a reasonable time frame.
 
 DIRECTORS
 
 Pursuant to the provisions of the Companies Act, 1956 and Articles of
 Association of the Company, Mr. B. S.  Radhakrishnan is liable to
 retire by rotation at the ensuring Annual General Meeting of the
 Company and being eligible, have offered himself for reappointment.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Pursuant to the requirement under section 217 (2AA) of the Companies
 (Amendment) Act, 2000, with respect to Directors'' responsibility
 statement, it is hereby confirmed:
 
 1.  that in the preparation of the accounts for the financial year
 ended 31st March, 2013, the applicable accounting standards have been
 followed along with proper explanation relating to material departures;
 
 2.  that 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 and of the
 profit or loss of the Company for the period under review;
 
 3.  that the directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Companies Act, 1956 for safeguarding the assets of
 the Company and for preventing and detecting fraud and other
 irregularities;
 
 4.  that the Directors have prepared the accounts for the financial
 year ended 31st March, 2013 on a going concern basis.
 
 PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND
 FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 PARTICULARS UNDER SECTION 217(1) (e) OF THE COMPANIES ACT, 1956
 
 Conversion of Energy
 
 The Operations of the Company do not consume high levels of energy.
 Adequate measures have been taken to conserve energy everywhere. Your
 Company uses latest technology and energy efficient equipments. As
 energy cost forms a very small part of the total costs, the impact on
 cost is not material.
 
 Technology Absorption, Adaptation and Innovation
 
 Your Company is in an Industry, which demands absorption of emerging
 technologies and trends so as to cater to the needs of its esteemed
 Clients. Your Company has developed methods for absorption and
 adaptation of new / emerging / developing technologies, in consonance
 with the needs of its Clients and its own requirements.
 
 FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 The Earnings in Foreign Exchange were Rs.23.15 lacs (Previous Year
 Rs.278.96 lacs) as against Expenditure incurred in Foreign Currency of
 Rs. 24.51 (Previous Year Rs. 238.05 lacs). Since the Company does not
 own any manufacturing facilities, the other particulars under the
 Companies (Disclosure of Particulars in the Report of the Board of
 Directors) Rules, 1988 are not applicable.
 
 PARTICULARS OF EMPLOYEES
 
 None of employees has received remuneration/salary exceeding the limit
 as stated in Section 217(2A) of the Companies Act, 1956 read with the
 Companies (Particulars of Employees) Rules, 1975 as amended.
 
 ACKNOWLEDGEMENTS
 
 Your Directors hereby wish to place on record their appreciation of the
 significant contribution made by each and every employee of the
 Company. The Directors also thank all other stakeholders for their
 support and encouragement.  Your Directors look forward to your
 continued support in the years to come.
 
                            For and on behalf of the Board of Directors
 
 Place: Mumbai                                                 Chairman
 
 Dated: 14th August, 2013
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • NEWS FLASH EVE : कल होगी कैबिनेट की बैठक
  • NEWS FLASH EVE : Essential Commodities Act 1955 में बदलाव को कैबिनेट मंजूरी संभव
  • NEWS FLASH EVE : 'आत्मनिर्भर भारत' पैकेज के तहत एलान किए गए कुछ प्रस्तावों को मंजूरी संभव
  • NEWS FLASH EVE : निवेश बढ़ाने के लिए अहम कदमों को मंजूरी संभव
  • NEWS FLASH EVE : मोटा अनाज, खाने का तेल, तिलहन, दाल, प्याज और आलू स्टॉक लिमिट के दायरे से हटेंगे

अभी देखें

प्रॉपर्टी गुरु

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

Powerful mix of both trader and investor packs with timely expert advice.

Technical

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental

For all investors looking to unearth stocks that are poised to move.