मैट्रिक्स
 
 
असमब्रूक निदेशकों की रिपोर्ट, असमब्रूक निर्देशकों द्वारा रिपोर्ट

असमब्रूक

बीएसई: 500025  |  NSE: N.A  |  ISIN: INE353C01011  |  Plantations - Tea & Coffee

खोजें असमब्रूक कनेक्शन Mar 13
निदेशकों की रिपोर्ट वर्षांत : Mar '14
Dear Members,
 
 The Directors have pleasure in presenting the Annual Reports together
 with the Audited Accounts for the year ended March 31, 2014.
 
 1. FINANCIAL RESULTS:
 
                                                          (Rs. in lacs)
 
                                 For the year ended  For the year ended
                                     31 March, 2014      31 March, 2013
 
 Profit/(Loss) before
 Depreciation & Taxation                     157.31              150.96
 
 Depreciation                                138.32              146.11
 
 Profit/(Loss) before Taxation                18.99                4.85
 
 Provision for taxation                           -                   -
 
 Profit/(Loss) after taxation                 18.99                4.85
 
 Deduct/Add:
 
 Balance brought forward from Profit
 & Loss Account                           (1003.97)           (1008.82)
 
 Balance carried forward                   (984.98)           (1003.97)
 
 
 2. DIVIDEND:
 
 In view of the carry forward losses, the Board is recommending no
 dividend.
 
 3. OPERATIONS:
 
 During the financial year under review, your company produced 28.63
 lacs kgs of Black Tea as compared to 26.57 lac kgs in the previous
 year. After a slow start in March 2013, the tea harvest settled down
 quickly to good intakes generally across Assam.
 
 Importantly, the average realization per kg. was reasonably higher due
 to better quality of tea produced. Significantly lower inventory and
 strong consumption growth should stabilize the prices during the season
 2014. Tea prices of better quality are expected to improve from the
 last year both in domestic and global markets. The company''s focus has
 always been to produce quality teas, which continues to command a
 premium in both domestic and international market.
 
 Uprooting and replanting policy of the company was maintained. This has
 resulted in an improvement of the age profile of the Tea bushes. A good
 standard of young tea has been established.
 
 4. SCHEME OF ARRANGEMENT:
 
 As reported earlier year the Board of the Company had approved the
 proposal of the scheme of De-merger of both the Tea Estates Dhullie and
 Tinkharia. However, the Scheme of De-merger could not be finalized due
 to procedural formalities. Your Directors are actively pursuing
 alternative mechanism for effective completion of the sale agreement
 and hope to finalise the same during the current financial year.
 
 5. AUDITORS'' REPORT:
 
 The Auditor''s observation have been dealt with in the notes to the
 Accounts which are self explanatory and do not require further
 clarification.
 
 6. AUDITORS:
 
 M/s Tiwari & Co., Chartered Accountants, Auditors retire at the
 forthcoming Annual General Meeting and being eligible offer themselves
 for reappointment. The Audit Committee has recommended their
 appointment as auditors of the Company.
 
 7. DIRECTORS:
 
 Shri S Gangopadhyay an independent director tendered his resignation
 and ceased to be director of the company on and from 13 Sept 2013. Your
 directors put on record their gratitude for the valuable advises given
 by Shri S Gangopadhyay from time to time during his tenure as a
 director.
 
 Shri M K Guha and U S Menon independent directors are appointed for a
 term of 5 consecutive years from the date of the ensuing Annual General
 Meeting up to the expiry of five consecutive years or the date of the
 70th AGM, whichever is earlier, subject to the approval of the
 shareholders at the ensuing Annual General Meeting. After such
 appointment the said directors will no longer be liable to retire by
 rotation during their tenure as independent directors. Shri Surendra
 Rampuria, retires at the ensuing Annual General Meeting of the Company,
 being eligible, offers himself for reappointment.
 
 The independent directors have fulfilled the criteria of independence
 as defined under section 149(6) of the Companies Act 2013 and requisite
 declaration in terms of section 149(7) of the Companies Act have been
 received.
 
 8. DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 Pursuant to Section 217(2AA) of the Companies Act, 1956 (the Act)
 your Directors state and confirm the following:
 
 (i) That in preparation of the Company''s Annual Accounts for the year
 ended 31 March, 2014 the applicable accounting standards have been
 followed and proper explanations have been provided for material
 departures, where applicable.
 
 (ii) That such accounting policies were selected and applied
 consistently and the judgments and estimates were 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 ended 31 March, 2014 and
 of the profit of the Company for that financial year.
 
 (iii) That proper and sufficient care 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 irregularity, were taken.
 
 (iv) That the annual accounts were prepared on the basis of a going
 concern.
 
 9. FIXED DEPOSITS:
 
 The Company has decided not to accept any fresh deposit.
 
 10. CORPORATE GOVERNANCE:
 
 Pursuant to Clause 49 of the Listing Agreement with Stock Exchanges a
 separate report on Corporate Governance along with the Auditors''
 Certificate on its compliance is annexed to this report.
 
 11. PARTICULARS AS PER SECTION 217 OF THE COMPANIES ACT, 1956:
 
 Information as per Section 217(2A) of the Companies Act, 1956 read with
 Companies (Particulars of Employees) Rules, 1975 is not applicable.
 
 The particulars required in terms of Section 217(1)(e) of the Companies
 Act, 1956, read with the Companies (Disclosure of Particulars in the
 Report of the Board of Directors) Rules, 1988 are given in the annexed
 Statement.
 
 13. PARTICULARS AS PER SECTION 217 OF THE COMPANIES ACT, 1956
 
 Information as per Section 217(2A) of the Companies Act, 1956 read with
 Companies (Particulars of Employees) Rules, 1975 is not applicable.
 
 The particulars required in terms of Section 217(1)(e) of the Companies
 Act, 1956, read with the Companies (Disclosure of Particulars in the
 Report of the Board of Directors) Rules, 1988 are given in the annexed
 Statement.
 
 14. APPRECIATION:
 
 Your Directors record their appreciation for the co-operation extended
 by all the employees. Your Directors also thank the Banks and Financial
 Institutions for their support. Your Directors also gratefully
 acknowledge your continued support as Shareholders.
 
 
                                                  By Order of the Board
 
                                                     Siddharth Rampuria
                                                    (MANAGING DIRECTOR)
 
 Head Office:
 1, Shakespeare Sarani,
 Kolkata 700 071                                      Mrinal Kanti Guha
 Dated: 30 May, 2014                                         (DIRECTOR)
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `335 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `2409 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `4293 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1664 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `1753 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `912 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `36 Cr की बिकवाली
  • JEFFERIES ON SUN PHARMA : BUY रेटिंग, लक्ष्य बढ़ाकर `530/Sh
  • CS ON SUN PHARMA : Neutral रेटिंग, लक्ष्य `400/Sh
  • CLSA ON SUN PHARMA : BUY रेटिंग, लक्ष्य घटाकर `560/Sh

अभी देखें

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.