Professional Documents
Culture Documents
REGISTERED OFFICE
Email: avt.alapuzha@gmail.com
Website: www.avthomas.com
Mr. A. D. Bopana
CORPORATE OFFICE
AUDIT COMMITTEE
Mr. A. D. Bopana
CIN : L51109KL1935PLC000024
COMPANY SECRETARY
Mr. V. Sriraman
Contents
Page No.
Notice to Shareholders
AUDITORS
Directors Report
10
14
18
Compliance Certificate
26
BANKERS
Auditors Report
32
Bank of Baroda
Balance Sheet
36
37
Notes on Accounts
38
58
Financial Highlights
60
Corporation Bank
Subramanian Building
No. 1, Club House Road, Chennai - 600 002.
NOTICE TO SHAREHOLDERS
NOTICE is hereby given that the SEVENTY NINTH ANNUAL GENERAL MEETING of the Company will be held at the
Registered Office, at W-21/674, Beach Road, Alappuzha-688 012, at 11.00 A.M. on Thursday, the 4th September, 2014
to transact the following business:
Ordinary Business:
1. To receive, consider and adopt the financial statements of the Company for the year ended March 31, 2014, the
reports of the Board of Directors and Auditors thereon.
2. (a) To declare a final dividend on equity shares. The Directors have recommended a final dividend of Rs.75/- per
Equity Share (750%); and
(b) To confirm the Interim Dividend at Rs.75/- per Equity Share (750%) already paid for the year ended 31st March,
2014.
3. To appoint a Director in place of Mrs. Lily Thomas (DIN : 00052140), who retires by rotation and, being eligible has
offered herself for re-appointment.
4. To appoint a Director in place of Mr. Dilip Thomas (DIN : 00052185), who retires by rotation and, being eligible has
offered himself for re-appointment.
5. To consider and, if thought fit to pass, with or without modification(s), the following resolution as an Ordinary
resolution:
RESOLVED that pursuant to the provisions of section 139 and other applicable provisions, if any, of the Companies
Act, 2013 and the Rules framed thereunder, as amended from time to time, M/s. Suri & Co, Chartered Accountants
(Registration No. 004283S), be and is hereby re-appointed as Auditors of the Company to hold office from the
conclusion of this Annual General Meeting (AGM) to the conclusion of the 82nd AGM of the Company to be held in
the year 2017 (subject to ratification of the appointment by the members at every AGM), at such remuneration plus
service tax, out of pocket and travelling expenses as may be mutually agreed between the Board of Directors of the
Company and the Auditors.
Special Business :
6. To consider and, if thought fit to pass, with or without modification(s), the following resolution as an Ordinary
Resolution:
RESOLVED that pursuant to the provisions of Section 197, Schedule V and other applicable provisions, if any, of
the Companies Act, 2013 consent of the Company be and is hereby accorded for the revision in terms of remuneration
payable to Mr. Ajit Thomas, Whole-Time Director and designated as Executive Chairman of the Company, for the
balance period of his office commencing June 1, 2014 to January 31, 2016, as stated hereunder:
1. Salary: Rs 5,00,000/- per month.
2. Perquisites and other benefits:
a. Company's contribution to Provident fund @ 12% in accordance with the rules of the Company.
b. Companys contribution to Superannuation Fund @ 15% in accordance with the rules of the Company.
c. Gratuity: As per the rules of the Company.
d. Company car and communication facilities: Use of the Company's car, chauffeur and communication facilities
at the residence for official purposes, as per the rules of the Company.
Chennai
29th May, 2014
Chennai
29th May, 2014
3.
2.
Masters in Political
Science & MBA
Degree from
Columbia
University,
New York
NIL
Mrs.Lily Thomas
Qualifications
1.
Date of Birth
Name of the
Director
S.
No.
Director
AV Thomas International
Limited.
L J International Limited.
Chairman & MD
The Rajagiri Rubber &
Produce Company
Limited.
Chairman
- The Highland Produce
Company Limited
- AV Thomas International
Limited.
- L J International Limited.
- Dalp Trading &
Manufacturing Limited.
- AVT Wood products (P)
Limited.
- AVTS2 Virtual Lifestyle (P)
Limited
Director
- AV Thomas Investments
Company Limited.
- AV Thomas Exports
Limited.
- AV Thomas Leather &
Allied Products (P)
Limited.
NIL
Vast experience in
Plantations, Business and
Management.
Directorship* held in
other Companies as
on 31st March 2014
Expertise in specific
functional areas
NIL
NIL
NIL
Membership/
Chairmanship of
committes of other
Companies as on
31st March 2014
NIL
145274
NIL
Number of shares
held in the
Company
Particulars of the Directors seeking appointment / re-appointment at this Annual General Meeting
Mr. P. Shankar
20th August,
1943
Mr.A.D. Bopana
4.
5.
Date of Birth
Name of the
Director
S.
No.
Expertise in specific
functional areas
Senior Cambridge
Qualifications
Director
- AVT Natural Products
Ltd
- Thirumalai Chemicals
Ltd
Director
- The Midland Rubber &
Produce Co. Ltd
- Neelamalai Agro
Industries Limited
Directorship* held in
other Companies as
on 31st March 2014
NIL
NIL
Audit Committee
Chairman
- The Midland
Rubber &
Produce Co.Ltd
- Neelamalai Agro
Industries Limited
Audit Committee
Members
- AVT Natural
Products Limited
- Thirumalai
Chemicals Limited
Number of shares
held in the
Company
Membership/
Chairmanship of
committes of other
Companies as on
31st March 2014
Particulars of the Directors seeking appointment / re-appointment at this Annual General Meeting (Contd.)
FINANCIAL RESULTS:
2013 - 14
(Rs.in lakhs)
2012 - 13
63632.94
58671.93
3682.26
3974.88
184.82
16.21
195.81
24.38
201.03
220.19
3481.23
1210.00
3754.69
1225.00
2271.23
747.48
2529.69
541.15
3018.71
3070.84
1500.00
1500.00
352.65
59.93
352.65
59.93
693.55
3018.71
235.10
38.14
470.20
79.91
747.49
3070.84
DIVIDEND:
An Interim Dividend of Rs.75/- per equity share (750%) was paid during the financial year ended 31st March, 2014. The
Board of Directors had recommended a final dividend of Rs.75/- per equity share (750 %) for approval of the shareholders
at the Annual General Meeting. The aggregate of the dividends, amount to Rs.150 /- per equity share (1500 %) for the
year ended 31st March, 2014.
Operations:
CONSUMER PRODUCTS DIVISION
The Consumer Products Division sustained the momentum of the previous year and recorded 6% growth in volume
terms during the year 2013-14. AVT continues to be a market leader in Kerala and has impressive market share in Tamil
Nadu. In Andhra Pradesh, Karnataka, and Orissa, with the introduction of new distribution system, the Company has
improved the availability and has shown growth in volume. The Company has also exported teas to Middle East
countries and the response has been positive. The Division expects to maintain this positive performance in the coming
year also.
10
11
The annual accounts have been prepared by following the applicable accounting standards.
(ii) The accounting policies selected have been applied consistently and judgements and estimates that are reasonable
and prudent have been made so far as to give a true and fair view of the state of affairs of the Company as at the
end of the financial year and of the profit of the Company for the financial year.
(iii) Proper and sufficient care has been taken 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.
(iv) The annual accounts have been prepared on a going concern basis.
NOMINATION & REMUNERATION COMMITTEE (NR COMMITTEE)
As required under the provisions of section 178 of the Companies Act, 2013, the Board at their meeting on May 29,
2014 constituted NR Committee comprising of Mr. P Shankar, Mr. Raghu Bhale Rao and Mr. A D Bopana.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
Pursuant to the provisions of section 135 of the Companies Act 2013, the Board at their meeting on May 29, 2014
constituted CSR Committee comprising of Mr. Ajit Thomas, Mr. Dilip Thomas and Mr. P Shankar.
SECRETARIAL COMPLIANCE CERTIFICATE
Pursuant to proviso to Section 383 A (1) of the Companies Act, 1956, Certificate to the effect that the Company has
complied with all the provisions of the Companies Act, 1956 is obtained from a Secretary in Whole-time practice for
filing with the Registrar of Companies and a copy of such Certificate is attached to this Report.
COST AUDITORS
As required under the Companies (Cost Accounting Records) Rules 2011, the Company filed the Cost Audit Report
along with Cost Compliance Report for the financial year 2012-13 in XBRL format.
The Board of Directors on the recommendation of the Audit Committee and subject to the ratification for payment by
the shareholders, had re-appointed M/s.Rajendran, Mani & Varier, Cost Accountants, Cochin to conduct the Cost Audit
for the financial year 2014-2015.
ACKNOWLEDGEMENT
Yours Directors place on record their appreciation for the continued support extended to the Company by its Bankers
and Employees during the year.
Chennai
29th May, 2014
12
13
55
71
Age
(Years)
Chief Executive
Officer
Chief Executive
Officer
Designation
69,82,082
73,88,401
Remuneration
received for
the year
`
M.A.,PGDBA
B.Sc..
(Agriculture)
Qualification
30
48
Experience
(years)
Chennai
29th May, 2014
NOTES :
1. The nature of employment is contractual
2. Mr.M.K.Koshy, Mr.A.Ravisanker are not related to any of the Directors of the Company
Mr.A.Ravisanker
Mr.M.K.Koshy
Name
S.No.
1/8/1984
1/4/1969
Date of
commencement
of employment
AJIT THOMAS
Executive Chairman
Estate Manager
The Highland
Produce Co. Ltd.
Sales Officer
Shaw Wallace & Co.Ltd.
Previous
Employment
Information as per Section 217 (2A) of The Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975,
as forming part of the Directors' Report for the year ended 31st March, 2014
The Company has shown good performance during the year. The summary of the performance and the growth is
given below:
` Lakhs
2)
Particulars
Sales and other Income
Profit before tax
Provision for taxation
Profit after tax
31.3.2014
63632
3481
1210
2271
31.3.2013%
58672
3755
1225
2530
31.3.2014
483.04
5.47
2.81
Nil
31.3.2013
538
6.39
2.58
Nil
Increase / (Decrease)
8
(7)
(1)
(10)
3) The operating ratios stands at comfortable level. The major business segments operated by the Company is as
follows:
a) Consumer Products Division (Tea, Coffee, Spices)
b) Logistics & Trading Division
The performance of each business segment with regard to industry structure and development, opportunities and
threats, outlook, segment wise performance, risks and concerns is analysed in detail below.
a) CONSUMER PRODUCTS DIVISION:
The Consumer Products Division sustained the momentum of the previous year and recorded 6% growth in
volume terms during the year 2013-14. AVT continues to be a market leader in Kerala and has impressive
market share in Tamil Nadu. In Andhra Pradesh,Karnataka, and Orissa, with the introduction of new distribution
system, the Company has improved the availability and has shown growth in volume .
The Company has also exported teas to Middle East countries and the response has been positive . The
Division expects to maintain this positive performance in the coming year also.
i) Industry Structure:
The packet tea market is approximately 300 million Kgs on all India basis and the growth in the same has not
been significant. The major players in national level are HUL and TATA Tea and followed by Regional Players
AVT, Wagh Bakri, Goodricke, etc.
ii) Opportunities and Threats :
As regards opportunities, the potential is there in markets other than Kerala and TamilNadu, which however
is constrained by stiff competition from national and local players. As regards exports, the share of value
added tea in export is not significant in India. The major threat is that the packet tea industry has not shown
any significant growth in the last few years.
14
15
5)
The company has taken adequate insurance coverage of its fixed assets
and current assets which will minimize the impact of another event or
development
Financial Risk
Commodity Risk
31.03.2014
63490
142
63632
51391
8559
3682
16
185
3481
1210
2271
16
(`
`. in Lakhs)
31.03.2013
58454
218
58672
46958
7739
3975
24
196
3755
1225
2530
INTERNAL CONTROLS :
The Company has appropriate and adequate internal controls and also has an In-house Internal Audit Department.
The Internal Audit coverage is adequate to ensure that the assets of the company are safeguarded and protected
and there is regular review by Management on policies, internal controls and procedures and also internal audit
reports.
7)
INFORMATION TECHNOLOGY:
The company has upgraded all its information systems resources and review of the same is done on a periodic
basis.
8)
HUMAN RESOURCES:
The company attaches significant importance to continuing upgradation for HR for achieving the highest efficiency
in customer satisfaction and growth. As a part of HR strategy, training programmes are organised for employees
at all levels by bringing in external faculties. As on 31.3.2014, the company has an employee strength of 369.
9)
CAUTIONARY STATEMENT:
The analysis given above may contain certain statements which are futuristic in nature. Such statements represent
the intention of the Management and the efforts put in by them to realise certain goals. The success in realising
these goals depends on various factors, both internal and external. Therefore, the investors are requested to make
their own independent judgments by taking into account all relevant factors before taking any investment decision.
17
18
Executive Director:
Mr. Ajit Thomas (Executive Chairman)
Promoter
b)
Promoters
Independent
Mr.P.Shankar
Mr.A.D.Bopana
3. Board Meetings
Number of Board Meetings held and the dates on which they were held
During the year 2013 2014, the Board met four times. The dates on which the meetings were held are as follows:
30.05.2013, 01.08.2013, 01.11.2013 and 05.02.2014.
The attendance of each Director at the Board Meetings, last Annual General Meeting and the Number of their
Directorship and Chairmanship / Membership of Committee of each Director in other companies are as under :No. of Board
Meetings
attended
Last AGM
attendance
(Yes / No)
No. of
No. of Membership in
Directorships other
Board Committee (Other
than A.V.T & CO. LTD., than A.V.T & CO. LTD.,)
Pvt. Ltd Companies &
Foreign Companies
Whether
Chairman /
Member
Director
Category
Mr.Ajit Thomas
Executive
Chairman
Yes
Eight
Two
Chairman/
Member
Non-Executive
Director
No
Two
None
None
Mr.Dilip Thomas
(Vice Chairman)
Non-Executive
Director
No
Seven
None
None
Non-Executive
Director
No
None
None
None
Non-Executive
Director
No
Two
None
None
Non-Executive
Director
No
Two
Two
Chairman
Mrs.Lily Thomas
Mr.P.Shankar
Mr.A.D.Bopana
19
No of Meetings
Attended
Meeting Dates
Mr.P.Shankar (Chairman)
30-05-2013,01-08-2013,01-11-2013,05-02-2014
30-05-2013,01-08-2013, 01-11-2013
Mr.A.D.Bopana
01-08-2013,01-11-2013, 05-02-2014
Member
Remuneration
`
Sitting Fees
`
Contribution to PF
& Other Funds
`
Total
`
6,00,000
Nil
1,62,000
7,62,000
Mrs.Lily Thomas
N.A
30,000
N.A
30,000
Mr.Dilip Thomas
(Vice Chairman)
N.A
40,000
N.A
40,000
N.A
75,000
N.A
75,000
Mr.P.Shankar
N.A
100,000
N.A
100,000
Mr.A.D.Bopana
N.A
75,000
N.A
75,000
Name
Mr.Ajit Thomas
(Executive Chairman)
20
Venue
Date
Time
2010 - 11
25.08.2011
03.00 P.M.
2011 - 12
- do -
10.09.2012
11.00 A.M.
2012 - 13
- do -
29.08.2013
11.00 A.M.
b.
Special Resolutions :
Year
Whether Special
Resolution(s) passed or not
2010 - 11
25.08.2011, 03.00 PM
Yes(*One)
2011 - 12
10.09.2012, 11.00 AM
No
2012 - 13
29.08.2013, 11.00 AM
No
Postal Ballot :
There were no resolutions requiring approval through Postal Ballot during the year
7. DISCLOSURES :
(i)
(ii)
Related party transactions during the year have been disclosed in notes forming part of accounts as required
under the Accounting Standard 18 issued by the Institute of Chartered Accountants of India. There were no
materially significant related party transactions with Directors / Promoters / Management which had potential
conflict with the interests of the Company at large.
There are no non-compliance by the Company and no penalties, strictures imposed on the Company by
stock Exchanges or SEBI or any statutory authority on any matter related to capital markets, during the last
three years.
21
There has been no pecuniary relationship or transactions between the Company and Non-Executive Directors
during the financial year 2013-2014.
(iv)
The Company is rigidly following the prescribed Accounting Standards in all respects. There is no deviation
whatsoever.
(v)
As per Clause 49 (V) of the Listing Agreements, the Executive Chairman and the Chief Financial Officer have
certified to the Board on their review of financial statements and Cash Flow statements for the year ended
31st March, 2014 in the form prescribed by Clause 49 of the Listing Agreements.
(vi)
(ii)
Financial Calendar
(iii)
(iv)
(v)
(vi)
Stock Code
(vii)
22
Shareholders
Number
Number
Upto 500
150
68.81
35634
7.58
501 1000
35
16.05
26718
5.68
1001 2000
17
7.80
29188
6.21
2001 3000
2.29
11745
2.50
3001 4000
0.92
7000
1.49
4001 5000
0.46
4500
0.96
5001 10000
0.92
11875
2.52
2.75
343540
73.06
218
100.00
470200
100.00
Percentage
351490
74.75
Banks
3500
0.74
Bodies Corporate
8220
1.75
Public
106990
22.76
TOTAL
470200
100.00
c. Dematerialisation of Shares :
The Company has entered into an agreement with National Securities Depository Limited in order to provide facility to
the shareholders for holding and trading of equity shares of the Company in electronic form at the option of the
Shareholders.
23
COFFEE
Vellaikinnar, Coimbatore
b) Othakalmandappam, Coimbatore
c) Kalvathy Road, Kochi, Kerala
14. ADDRESS FOR CORRESPONDENCE :
DECLARATION
It is hereby declared that all the Board Members and Senior Management Personnel of the Company have affirmed to
and complied with the Code of Conduct laid down by the Company, for the financial year 2013 2014.
for A.V.THOMAS AND COMPANY LIMITED
Sd/- Ajit Thomas
Executive Chairman
Place : Chennai
Date : 29.05.2014
24
Place: Chennai
Date : 29th May, 2014
25
26
27
V. SURESH
Practising Company Secretary
C.P. No.: 6032
Place : Chennai
Date : 29.05.2014
28
Register of Investments.
2.
Register of Deposits under Rule 7 of the Companies (Acceptance of Deposits ) Rules 1975
3.
4.
5.
6.
7.
8.
9.
V. SURESH
Practising Company Secretary
C.P. No.: 6032
Place : Chennai
Date : 29.05.2014
29
Filed u/s
For
Date filed
Form 23C
233 B(2)
Appointment of Cost
Auditor for the year
2012-2013
15/06/2013
YES
Form 32
303 (2)
Appointment of Director
Mr.P.Shankar
15/06/2013
YES
Form 66
383A
Compliance Certificate
for the year ended 31.03.2013
20/09/2013
YES
Form 32
303(2)
Appointment of Director
Mr.P.Shankar
20/09/2013
YES
Form 23 AC &
Form 23 ACA
XBRL
Section 220
25/09/2013
YES
Form 32
303 (2)
Appointment of Director
Mr.A.D.Bopana
26/09/2013
YES
Form 1-XBRL
233B(4)
01/10/2013
YES
Form 20B
159
04/11/2013
YES
Form 5 INV
Rule 3 of the
Details of unpaid and
Investor Education unclaimed amounts lying
& Protection Fund, with the Company
Rules 2012
28/11/2013
YES
Form I
Rule 3 of the
Investor Education
and Protection Fund
(Awareness and
Protection of
Investors) Rules
2001
17/02/2014
YES
Transfer to Investor
Education and
Protection Fund
Unpaid Dividend for
2004-05 (Final)
30
Form No.
Filed u/s
For
Date filed
Form I
Rule 3 of the
Investor Education
and Protection Fund
(Awareness and
Protection of
Investors) Rules
2001
Transfer to Investor
Education and
Protection Fund
Unpaid Dividend for
2006-07 (Interim)
25/03/2014
V. SURESH
Practising Company Secretary
C.P. No.: 6032
Place : Chennai
Date : 29.05.2014
31
in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2014,
in the case of the Statement of Profit and Loss, of the Profit for the year ended on that date; and
in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.
32
Since the Central Government has not issued any notification as to the rate at which the cess is to be paid under
section 441A of the Companies Act, 1956 nor has it issued any Rules under the said section, prescribing the
manner in which such cess is to be paid, no cess is due and payable by the Company.
Place: Chennai
Date : 29th May, 2014
33
a)
The Company has maintained proper records showing full particulars, including quantitative details and
situation of Fixed Assets.
b) Physical verification of major items of these assets has been conducted by the Management during the
financial year and no material discrepancies were noticed on such verification. In our opinion, procedures
followed by the Management is reasonable having regards to the size of the Company and the nature of its
assets.
c) No substantial part of fixed assets of the Company has been disposed off during the year and therefore, do
not affect the going concern assumptions.
ii)
a) Physical verification of Inventory has been conducted by the Management at reasonable intervals.
b) The procedures of physical verification of inventory followed by the Management are reasonable and adequate
in relation to the size of the Company and the nature of its business.
c) The Company has maintained proper records of inventory and no material discrepancies have been noticed
on physical verification of inventory as compared to book records.
iii) a) The Company has not granted any loans, secured or unsecured to companies, firms or other parties covered
in the register maintained under section 301 of the Companies Act, 1956 and hence the clauses (iii) (a), (b),
(c) & (d) of the Order are not applicable.
b) The company has not taken any loans, secured or unsecured, from companies, firms or other parties,
covered in the register maintained under Section 301 of the Companies Act, 1956 and hence the clauses (iii)
(e), (f) & (g) of the Order are not applicable.
iv) The In our opinion and according to the information and explanation given to us, there is an adequate internal
control system commensurate with the size of the Company and the nature of its business for the purchase of
inventory, fixed assets and for the sale of goods and services. We have not observed any major weakness in the
internal control system during the course of our audit.
v)
(a) In respect of the contracts or arrangements referred to in Section 301 of the Act, to the best of our knowledge
and according to the information and explanation given to us, the particulars of the contracts or arrangements
have been entered in the register required to be maintained under that Section.
b) In our opinion and according to the information and explanations given to us, the transactions made in
pursuance of contracts or arrangements entered in the register maintained under section 301 of the Act and
exceeding the value of five lakh rupees in respect of any party during the year have been made at prices,
which are reasonable having regard to prevailing market prices at the relevant time.
vi) The Company has not accepted any deposits from the public.
vii) In our opinion, the Company has an internal audit system commensurate with its size and nature of its business.
viii) We have broadly reviewed the books of account relating to materials, labour and other items of cost maintained
by the company pursuant to the Companies (Cost Accounting Records) Rules,2011 prescribed by the Central
Government for the maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956 and we are
of the opinion that prima facie the prescribed accounts and records have been made and maintained.
ix) a) The company is regular in depositing with appropriate authorities undisputed statutory dues including provident
fund, investor education and protection fund, employees state insurance, income-tax, sales-tax, wealth-tax,
service-tax, customs duty, excise-duty, cess and other statutory dues applicable to it. No undisputed statutory
dues were outstanding as at the last day of the financial year for a period of more than six months from
the date they became payable.
34
The details of disputed statutory dues which have not been deposited are as under :
Name of the Statute Nature of the dues
Kerala General
Sales tax Act
KGST Demand
(1996-97, 97-98,
2000-01 & 2001-02)
CST Demand
1988-89, 1990-91
1993-94 to 1995-96
2001-02 to 2004-05
Odisha Value
Added Tax Act
Amount ( ` )
217,469
4,80,753
710,734
Deputy Commissioner
of Commercial Taxes,
Alappuzha
Joint Commissioner of
Sales Tax, Berhampur.
x)
The Company does not have accumulated losses at the end of the financial year. The Company has not incurred
any cash loss in the current financial year and in the immediately preceding financial year.
xi)
xii)
The Company has not granted any loans and advances on the basis of security by way of pledge of shares,
debentures and other securities.
xiii) The Company is not a Chit Fund or a Nidhi / Mutual Benefit Fund / Society.
xiv) The Company is not dealing or trading in shares, securities, debentures or other investments.
xv)
According to the information and explanation give to us, the Company has not given any guarantee for loans
taken by others from banks or financial institutions.
The company has not raised any money by public issues during the year.
xxi. According to the information and explanations given to us, no fraud on or by the company has been noticed or
reported during the year.
Place: Chennai
Date : 29th May, 2014
35
PARTICULARS
I. EQUITY AND LIABILITIES :
(1) Shareholders Funds:
(a) Share Capital
(b) Reserves and Surplus
NOTE NO
2
3
Amount in `
31.03.2014
31.03.2013
47,02,000
118,88,34,730
47,02,000
104,42,27,978
119,35,36,730
104,89,29,978
1,52,29,809
1,42,87,385
30,51,28,807
7,04,77,219
18,20,46,075
22,00,87,711
7,41,56,765
19,47,02,643
55,76,52,101
48,89,47,119
176,64,18,640
155,21,64,482
6
7
22,57,17,715
8,74,05,675
21,89,35,994
6,81,26,372
8
9
10
11
12
12,00,00,000
65,30,06,302
29,35,73,938
22,58,00,484
16,09,14,526
23,58,12,943
56,48,39,245
15,47,95,839
13,15,08,342
17,81,45,747
145,32,95,250
126,51,02,116
176,64,18,640
155,21,64,482
4
5
TOTAL
II. ASSETS
(1) Non - Current Assets
(a) Fixed assets
Tangible assets
(b) Non-current investments
(2) Current Assets
(a) Current Investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances
Significant Accounting Policies
TOTAL
Notes 1 to 12, Notes 21 to 34 and Cash Flow Statement form part of this Balance Sheet
Vide our Report of date attached
For SURI & CO.
Chartered Accountants
Firms Regn.No: 004283S
R. MAHESH
Partner
Place : Chennai,
Membership No. 24775
Date : 29th May, 2014
AJIT THOMAS
Executive Chairman
A.D.BOPANA
Director
R. VENUGOPALAN
Chief Financial Officer
36
NOTE NO
Amount in `
31.03.2014
31.03.2013
I.
13
634,90,47,675
584,53,53,299
II.
Other Income
14
1,42,46,599
2,18,39,545
636,32,94,274
586,71,92,844
302,96,44,686
215,10,42,528
(4,15,60,805)
18,22,89,047
16,20,749
1,84,82,775
43,30,65,277
24,05,86,691
245,23,03,540
226,10,87,057
(1,76,30,068)
15,29,94,941
24,37,927
1,95,81,268
40,02,94,773
22,06,54,686
601,51,70,948
549,17,24,124
34,81,23,326
37,54,68,720
Nil
Nil
34,81,23,326
37,54,68,720
12,10,00,000
12,25,00,000
Nil
Nil
22,71,23,326
25,29,68,720
483.04
483.04
538.00
538.00
Expenses :
Cost of Materials consumed
Purchase of Stock-in-Trade
(Increase)/Decrease of Inventory
Employee benefit expense
Finance costs
Depreciation and amortization expense
Sales Expenses
Other Expenses
15
16
17
18
19
20
Total Expenses
V.
(III-IV)
(VII-VIII)
27
27
Notes 1 & 13 to 34 and Cash Flow Statement form part of this statement of Profit and Loss
Vide our Report of date attached
For SURI & CO.
Chartered Accountants
Firms Regn.No: 004283S
R. MAHESH
Partner
Place : Chennai,
Membership No. 24775
Date : 29th May, 2014
AJIT THOMAS
Executive Chairman
A.D.BOPANA
Director
R. VENUGOPALAN
Chief Financial Officer
37
ACCOUNTING CONVENTON:
The Financial Statements have been prepared on the historical cost convention in accordance with the generally
accepted accounting principles and comply in all material respects with the accounting standards notified by the
Companies (Accounting Standards) Rules, 2006 and the relevant provisions of the Companies Act, 1956.
b.
c.
IMPAIRMENT OF ASSETS:
The Company reviews the carrying amounts of its assets for any possible impairment at each balance sheet date.
An impairment loss is recognised when the carrying amount of an asset exceeds its recoverable amount and the
impairment loss, if any, is recognised in the Statement of Profit and Loss.
d.
BORROWING COSTS:
Borrowing costs that are directly attributable to the acquisition/construction of the qualifying asset are capitalised
as a part of cost of such asset, upto the date of acquisition/completion of construction.
Other borrowing costs are recognised as expense as and when incurred.
e.
INVESTMENTS:
Long term Investments are stated at cost. Decline in value of long term investments, other than temporary, is
provided for. Current Investments are stated at lower of cost and fair value. Investment in Immovable properties
is stated at cost less depreciation.
f.
INVENTORIES:
Inventories are valued at lower of cost on weighted average/FIFO basis and net realisable value, after providing
for obsolescence considered necessary. Cost includes taxes and duties (other than duties and taxes for which
CENVAT/VAT credit is available), freight and other direct expenses.
38
REVENUE RECOGNITION:
Revenue is recognised on their accrual and when no significant uncertainty on measurability or collectability
exists. Expenditure is accounted for on their accrual.
Sale of Goods:
Revenue is recognised when all the significant risks and rewards of ownership of the goods have been passed on
to the buyer, usually on delivery of goods. The Company collects sales taxes and value added taxes (VAT) on
behalf of the Government and therefore, these are not economic benefits flowing to the Company. Hence, they
are excluded from revenue.
Income from Services:
Revenue from Services are recognised over the period as and when the services are rendered. The Company
collects service tax on behalf of the Government and, therefore it is not an economic benefit flowing to the
Company. Hence, it is excluded from revenue.
Interest:
Interest income is recognised on a time proportion basis taking into account the amount outstanding and the
applicable interest rate. Interest income is included under the head Other income in the Statement of Profit and
Loss.
Dividends:
Dividend income is recognised when the Companys right to receive dividend is established by the reporting date.
h.
EMPLOYEE BENEFITS:
Gratuity liability, which is a defined benefit scheme and provision for leave encashment is accrued and provided
for on the basis of independent actuarial valuation based on projected unit credit method made at the end of each
financial year. Actuarial gains and losses are recognised in the Statement of Profit and Loss and are not deferred.
Retirement benefits in the form of Provident Fund, Family Pension Fund and Superannuation Schemes, which are
defined contribution schemes, are charged to the Statement of Profit and Loss of the year when the contribution
to the respective fund accrue.
i.
j.
GOVERNMENT GRANTS:
Subsidies from Government in respect of fixed assets are deducted from the cost of respective assets as and when
they accrue. Subsidies related to revenue are recognised in the Statement of Profit and Loss to match them with
the related costs which they are intended to compensate.
39
TAXES ON INCOME:
Provision for Income-Tax is made for both current and deferred tax. Provision for current income tax is made on
the assessable income at the tax rate applicable to the relevant assessment year. Deferred tax is accounted for by
computing the tax effect of the timing difference which arise during the year and reverse out in the subsequent
periods. Deferred tax is calculated at the tax rates substantively enacted by the Balance sheet date. Deferred tax
assets are recognised only if there is a virtual certainty that they will be realised.
l.
m.
n.
40
d.
2,00,00,000
2,00,00,000
47,02,000
47,02,000
4,70,200
Nil
4,70,200
4,70,200
Nil
4,70,200
31.03.2014
No of Shares Held
% of Holding
2,00,216
42.58
1,45,274
30.90
31.03.2013
No of Shares Held
% of Holding
1,99,936
42.52
1,45,274
30.90
NOTE - 3:
RESERVES AND SURPLUS:
GENERAL RESERVE:
As per last Balance Sheet
Add: Transfer from Statement of Profit and Loss
`
96,94,79,502
15,00,00,000
31.03.2014
`
31.03.2013
`
111,94,79,502
111,94,79,502
96,94,79,502
96,94,79,502
7,47,48,476
22,71,23,326
30,18,71,802
5,41,14,716
25,29,68,720
30,70,83,436
3,52,65,000
2,35,10,000
59,93,287
3,52,65,000
38,13,910
4,70,20,000
59,93,287
15,00,00,000
23,25,16,574
6,93,55,228
79,91,050
15,00,00,000
23,23,34,960
7,47,48,476
118,88,34,730
104,42,27,978
NOTE - 5:
CURRENT LIABILITIES:
(a) Trade payables (Refer Note.No.26 for Details
of dues to micro and small enterprises)
(b) Other current liabilities
- Unclaimed Dividend
- Refund of capital
- Other current liabilities
(c) Short term Provisions
Provision for Employee benefits (Refer Note No.30)
Provision for Gratuity
Provision for Leave Encashment
Other provisions
Provision for Taxation
Proposed Dividend on Equity Shares
Provision for Tax on Dividend
42
2,12,087
1,50,17,722
1,86,565
1,41,00,820
1,52,29,809
1,42,87,385
30,51,28,807
22,00,87,711
60,49,475
9,750
6,44,17,994
50,78,725
9,750
6,90,68,290
7,04,77,219
7,41,56,765
21,15,501
37,11,193
29,13,006
28,64,908
13,49,61,094
3,52,65,000
59,93,287
13,39,13,679
4,70,20,000
79,91,050
18,20,46,075
19,47,02,643
43
1,71,84,492
4,98,97,611
37,68,58,721
33,76,90,640
Vehicles
TOTAL
Previous Year
4,26,07,883
2,63,78,432
86,74,498
22,500
1,32,24,731
44,56,703
Nil
Nil
Additions
8,51,97,554
1,63,06,667
9,56,38,032
As at
31.3.2014
5,36,62,956
1,67,71,340
2,81,05,353
1,22,19,508
8,37,70,787
3,38,27,079
Nil
Nil
Upto
31.3.2013
49,09,153
4,35,652
1,13,22,379 11,89,93,420
Nil
Nil
Nil
Deductions
GROSS BLOCK
1,92,64,745
1,81,82,078
68,85,533
8,91,829
58,17,084
45,87,632
Nil
Nil
For the
Year
3,13,87,094
1,26,98,505
7,83,51,944
3,84,14,711
Nil
Nil
Upto
31.3.2014
31,61,195 15,79,22,727
1,52,52,551 16,08,52,254
36,03,792
4,12,832
1,12,35,927
Nil
Nil
Nil
Withdrawn
DEPRECIATION
Note : The Company does not have any lease hold assets
2,17,92,258
49,64,984
3,33,20,281
4,69,13,772
1,63,06,667
9,56,38,032
21,89,35,994 19,58,71,463
22,57,17,715 21,89,35,994
2,22,75,862
40,72,835
4,06,41,476
4,67,82,843
1,63,06,667
9,56,38,032
As at
31.3.2013
NET BLOCK
Amount in `
As at
31.3.2014
* Includes `. 1,65,57,994 and `. 12,69,499 respectively representing cost of Land and Buildings in Joint Ownership with other Companies, the book value of which
amounted to `. 1,65,57,994 and `. 4,54,910.
11,70,91,068
8,07,40,851
Machinery
1,63,06,667
9,56,38,032
Buildings
As at
1.4.2013
Agricultural Land
Land
Description
NOTE : 6
TANGIBLE ASSETS :
44
4,20,000
1,95,80,000
42,00,000
42,00,000
15,38,000 1,53,80,000
1,53,80,000
Amount
`
No. of
Shares/Units
4,20,000
30
1,19,480
75,88,000
32,200
5
Amount
No. of
` Shares/Units
42,00,000
42,00,000
300
11,94,800
7,59,28,413
7,71,23,513
61,582
19
61,601
Amount
`
Less: Depreciation
6,81,26,372
8,74,05,675
8,74,05,675
61 601
8,13,23,513
1,10,32,762
( 50,12,201)
300
11,94,800
6,05,48,413
6,17,43,513
61,582
19
61,601
No. of
Shares/Units
As at 31-3-2014
TOTAL
6,81,26,372
Aggregate amount of Quoted Investments (Market Value ` 23.34 Lakhs P.Y. ` 23.34 Lakhs)
61,601
Aggregate amount of Unquoted Investments
6,17,43,513
Value of Investments in Immovable Properties
1,10,32,762
Aggregate provision for depreciation of immovable properties
(47,11,504)
30
1,19,480
60,50,000
32,200
5
Amount
`
Deductions
3,07,325
1,07,25,437
1,10,32,762
50,12,201
60,20,561
UNQUOTED
Equity Shares - Fully Paid - up:
Chennai Willingdon Corporate Foundation
A.V.Thomas Investments Co. Ltd.(Associate Company)
AVT Gavia Foods Pvt. Ltd (Associate Company) *
B.
No. of
Shares/Units
Additions
3,07,325
1,07,25,437
1,10,32,762
47,11,504
63,21,258
II.
I.
Description
As at 1-4-2013
NOTE : 7
NON-CURRENT INVESTMENTS : (LONG TERM)-VALUED AT COST
45
10,00,00,000
23,58,12,943
41,81,266
72,76,580
2,00,00,000
20,00,000
11,58,12,943
Amount
`.
10,95,314
No. of
Shares/Units
IN MUTUAL FUNDS :
Description
As at 1-4-2013
NOTE : 8
CURRENT INVESTMENTS : (Valued at Lower of Cost and Fair value)
Amount
`.
Nil
Nil
4,32,399 4,57,19,668
Nil
Nil
4,32,399 4,57,19,668
No. of
Shares/Units
Additions
Nil
Nil
15,27,713 16,15,32,611
Nil
Nil
2,00,00,000
Nil
61,81,266 12,00,00,000
41,81,266 10,00,00,000
20,00,000
Nil
Amount
`.
As at 31-3-2014
Amount
No. of
`. Shares/Units
15,27,713 16,15,32,611
No. of
Shares/Units
Deductions
3,40,93,104
34,02,27,205
3,40,16,958
29,36,97,098
3,17,14,809
33,41,883
24,36,29,301
2,49,55,865
34,19,675
20,87,49,649
65,30,06,302
56,48,39,245
Nil
74,29,805
Nil
Nil
67,03,147
Nil
74,29,805
67,03,147
Nil
28,61,44,133
Nil
Nil
14,80,92,692
Nil
28,61,44,133
14,80,92,692
29,35,73,938
15,47,95,839
NOTE - 10:
TRADE RECEIVABLES
(A) Trade receivables outstanding for more than
six months from the date they become due for payment
(i) Secured, Considered good
(ii) Unsecured, considered good
(iii) Doubtful
(B) Trade receivables ( others)
(i) Secured, Considered good
(ii) Unsecured, considered good
(iii) Doubtful
(Refer Note.No.25 for Details of Debts due by
Private Limited Companies in which
Director/s are interested as Directors)
Total (A+B)
46
2,92,437
4,56,381
7,91,36,322
14,00,50,000
6,89,85,186
5,65,50,000
21,94,78,759
12,59,91,567
60,59,225
50,88,475
2,62,500
4,28,300
63,21,725
55,16,775
Total
22,58,00,484
13,15,08,342
Nil
1,00,000
3,12,27,038
4,46,736
65,44,017
12,15,27,118
8,68,313
3,01,304
4,05,81,515
9,07,235
1,71,06,736
11,84,44,172
9,06,032
2,00,057
16,09,14,526
17,81,45,747
NOTE - 12 :
SHORT TERM LOANS & ADVANCES:
Considered good - Unsecured
Advances recoverable in cash or in kind or
for value to be received
Accrued interest
Accured Income
Tax payments pending adjustment
Deposits
Balance with Customs, Port Trust etc.,
47
395,45,75,350
230,07,66,829
329,37,47,276
243,63,05,913
SALE OF SERVICES
625,53,42,179
7,33,26,407
573,00,53,189
9,26,82,335
2,03,79,089
2,26,17,775
2,03,79,089
2,26,17,775
634,90,47,675
584,53,53,299
27,05,677
1,61,000
57,19,667
56,60,255
38,52,089
3,22,000
1,32,91,264
43,74,192
1,42,46,599
2,18,39,545
273,75,04,252
5,75,45,566
98,48,109
22,47,46,759
220,05,07,291
5,78,91,969
89,28,048
18,49,76,232
302,96,44,686
245,23,03,540
NOTE - 14:
OTHER INCOME :
Interest
Income from Investments - Long term
Income from Investments - Short term
Miscellaneous income
NOTE- 15:
COST OF MATERIALS CONSUMED:
Garden Tea
Coffee
Chicory
Packing & Other Materials
48
2,49,55,865
34,19,675
20,87,49,649
1,59,39,958
28,58,816
20,06,96,347
23,71,25,189
21,94,95,121
3,17,14,810
33,41,883
24,36,29,301
2,49,55,865
34,19,675
20,87,49,649
27,86,85,994
23,71,25,189
(4,15,60,805)
(1,76,30,068)
15,12,09,089
2,16,45,451
(7,71,983)
17,63,187
84,43,303
12,46,57,795
2,48,89,615
(54,51,844)
9,75,833
79,23,542
18,22,89,047
15,29,94,941
16,20,749
24,37,927
16,20,749
24,37,927
NOTE - 17:
EMPLOYEE BENEFIT EXPENSES
Salaries, Wages and Bonus
Contribution to Provident and Other Funds
Provision for Gratuity
Provision for Leave Encashment
Welfare
NOTE - 18:
FINANCE COST
Interest expense
49
10,91,528
11,62,40,510
30,59,552
2,28,59,432
8,55,02,262
19,55,47,197
87,64,796
25,92,772
8,79,03,829
34,16,803
1,64,42,849
4,05,27,362
24,62,87,782
31,23,376
43,30,65,277
40,02,94,773
58,25,324
48,95,767
3,03,67,334
2,72,84,521
15,78,324
13,43,129
Insurance
32,15,446
34,68,898
Traveling Expense
3,24,11,836
2,80,25,572
1,17,81,296
1,26,19,596
- Machinery
1,37,45,002
1,17,56,108
- Vehicles
1,46,93,797
1,19,70,717
5,75,617
9,00,871
3,20,000
2,80,000
12,50,000
6,68,500
2,64,010
2,17,500
6,72,89,174
3,34,329
5,60,49,202
10,00,000
5,22,500
2,13,519
2,05,000
7,08,64,106
69,470
4,52,34,912
24,05,86,691
22,06,54,686
NOTE - 20:
OTHER EXPENSES:
Power and Fuel
Rent
- Others
Directors Sitting Fees
Payment to statutory auditors
- As Auditors
- For Tax Audit /Certification
- For Service tax
- For Reimbursement of expenses
Packing charges
Exchange Fluctuation
Miscellaneous Expenses
50
31.03.2014
NOTE - 21 :
PARTICULARS OF MATERIALS CONSUMPTION
Materials Consumed
Garden Tea
Indigenous
Imported
31.03.2013
Qty
Value
Qty
Value
%
100.00
0.00
`
273,75,04,252
-
%
99.94
0.06
`
219,91,16,485
13,90,806
273,75,04,252
Raw Coffee and Chicory
Indigenous
Packing and Other Materials
Indigenous
Imported
220,05,07,291
100
6,73,93,675
100
6,68,20,017
100
22,47,46,759
Nil
100
18,49,76,232
Nil
22,47,46,759
51
18,49,76,232
22
23
24
25
26
27
28
29
31.03.2014
Amount in `
31.03.2013
50,41,52,048
75,07,52,204
42,31,821
2,43,30,490
29,41,474
1,58,24,400
Nil
11,96,107
1,84,223
32,44,568
Nil
3,01,568
1,68,942
26,56,797
64,26,856
9,000
1,18,196
17,99,873
33,91,387
1,09,047
59,00,245
53,98,424
22,71,23,326
4,70,200
483.04
25,29,68,720
4,70,200
538.00
Nil
42,13,780
2,00,000
6,50,000
50,000
1,00,000
10,000
Nil
Nil
Nil
Nil
Nil
52
Gratuity Scheme:
This is a funded defined benefit plan for qualifying employees for which, the Company makes contribution to
the Gratuity Fund managed by the Life Insurance Corporation of India.The Scheme provides for a lumpsum payment
to vested employees at retirement,death while in employment or on termination of employment. Vesting occurs
upon completion of five years of service
ii) Leave Encashment:
The company also operates a non funded leave encashment scheme for its employees.
b) Reconciliation of changes in the Present Value of Obligation:
31.3.2014
Gratuity
(Funded Plan)
Present Value of the Obligation at beginning of period
Current Service Cost
Leave Encashment
(Non Funded Plan)
3,89,45,094
1,69,65,728
3,54,81,384
1,59,89,895
28,01,453
26,61,435
23,90,766
24,27,525
30,04,228
12,35,620
29,26,922
12,24,572
Benefits Paid
( 32,50,983)
( 32,32,819)
( 20,94,021)
( 31,66,341)
2,21,297
10,98,951
2,40,043
4,90,077
4,17,21,089
1,87,28,915
3,89,45,094
1,69,65,728
3,60,32,088
Nil
2,70,96,752
Nil
31,79,100
Nil
28,10,900
Nil
38,51,388
32,32,819
86,75,832
Nil
( 32,50,983)
-32,32,819
( 20,94,021)
Nil
( 2,06,005)
Nil
( 4,57,375)
Nil
3,96,05,588
Nil
3,60,32,088
Nil
Benefits Paid
Actuarial gain / (loss)
Fair Value of Plan Assets at end of period
d)
Gratuity
(Funded Plan)
Interest Cost
Actuarial loss / (gain)
c)
31.3.2013
Leave Encashment
(Non Funded Plan)
The total expense recognised in the statement of profit and loss is as follows:
Current Service Cost
28,01,453
26,61,435
23,90,766
24,27,525
Interest Cost
30,04,228
12,35,620
29,26,922
12,24,572
( 31,79,100)
N.A
( 28,10,900)
N.A
4,27,302
10,98,951
6,97,418
4,90,077
30,53,883
49,96,006
32,04,206
41,42,174
53
31.3.2013
Gratuity
(Funded Plan)
Leave Encashment
(Non Funded Plan)
Gratuity
(Funded Plan)
Leave Encashment
(Non Funded Plan)
29,13,006
1,69,65,728
83,84,632
1,59,89,895
30,53,883
49,96,006
32,04,206
41,42,174
( 38,51,388)
( 32,32,819)
( 86,75,832)
( 31,66,341)
21,15,501
1,87,28,915
29,13,006
1,69,65,728
3,96,05,588
Not Applicable
3,60,32,088
Not Applicable
9.15%
9.15%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
Attrition Rate
5.00%
5.00%
5.00%
5.00%
9.25%
N.A
9.25%
N.A
The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, Promotion and
other relevant factors such as demand and supply in the employment market.
h) The amounts pertaining to defined benefit plans are as follows:
31.03.2014
31.03.2013
31.03.2012
31.03.2011
31.03.2010
4,17,21,089
3,96,05,588
( 21,15,501)
2,21,297
( 2,06,005)
3,89,45,094
3,60,32,088
( 29,13,006)
2,40,043
( 4,57,375)
3,54,81,384
2,70,96,752
( 83,84,632)
14,67,327
( 73,493)
3,21,30,795
2,47,19,907
( 74,10,888)
31,01,316
1,12,468
2,64,99,097
2,13,29,503
( 51,69,594)
27,29,845
2,65,370
The Company expects to fund ` 50 lakhs towards its gratuity plan during the year 2014/15
ii)
54
31.03.2014
31.03.2013
39,576
32,937
b) Trade
23,181
24,590
733
927
63,490
58,454
Nil
Nil
63,490
58,454
2,541
2,360
b) Trade
734
981
c) Services
237
365
3,512
3,706
16
24
15
(73)
3,481
3,755
6,744
4,492
b) Trade
2,293
2,107
451
469
2,447
3,421
11,935
10,489
1. Segment Revenue
c) Services
Total
Less Inter Segment Revenue
Net Sales / Income from Operations
2. Segment Results
Profit before tax and interest from
a) Packet Tea & Coffee
Total
Less : 1) Interest
2) Other Un-allocable
expenditure net of un-allocable income
Total Profit Before Tax
3. Capital Employed
(Segment Assets - Segment Liabilities)
c) Services
d) Others
Total
55
56
INCOME:
Sales
C&F and Warehousing Charges
Rent
Service Charges
Royalty
Dividend Received
31.03.2013
Associate
Companies
Key Management
Personnel
(Including Relatives)
Associate
Companies
Key Management
Personnel
(Including Relatives)
Nil
3,88,34,106
4,71,000
60,000
Nil
1,61,000
Nil
Nil
Nil
Nil
Nil
Nil
1,35,087
3,82,31,276
4,71,000
60,000
29,000
3,22,000
Nil
Nil
Nil
Nil
Nil
Nil
59,34,17,197
10,00,000
Nil
Nil
1,00,00,000
9,62,500
Nil
Nil
13,16,200
70,000
Nil
6,04,99,250
44,67,82,892
8,00,000
Nil
Nil
1,00,00,000
5,50,000
Nil
Nil
13,16,200
80,000
Nil
3,26,49,700
Investments in Shares
Redemption of Preference Shares
Balance as on 31st March 2014
1,95,80,000
8,00,000
Nil
Nil
1,15,00,000
Nil
Nil
Nil
Debit Balance
Credit Balance
1,27,57,920
3,23,02,520
Nil
Nil
99,97,427
2,05,30,513
Nil
Nil
EXPENDITURE:
Purchases
Rent
Remuneration
Sitting Fees
Donation Paid
Dividend Paid
Others
AJIT THOMAS
Executive Chairman
A.D.BOPANA
Director
R. VENUGOPALAN
Chief Financial Officer
57
34,81,23,326
37,54,68,720
1,84,82,775
( 1,00,270)
( 85,86,344)
9,91,204
16,20,749
1,95,81,268
( 2,69,485)
(1,74,65,353)
( 44,76,011)
24,37,927
1,24,08,114
( 1,91,654)
36,05,31,440
37,52,77,066
(13,87,78,099) 11,17,04,982
(8,81,67,057) (15,74,28,192)
8,50,41,096 (5,65,77,791)
( 46,50,296) (1,83,67,543)
1,90,48,718 (1,94,26,402)
(12,75,05,638) (14,00,94,946)
B.
23,30,25,802 23,51,82,120
(12,30,35,532) (11,80,90,238)
10,99,90,270
11,70,91,882
15,14,903
5,48,092
(2,63,78,432) (4,26,07,883)
90,46,844
1,75,45,876
(6,52,99,668) (28,47,91,264)
16,15,32,611 14,00,00,000
8,04,16,258 (16,93,05,179)
58
( 16 20 749)
(9 52 98 587)
( 24 37 927)
(5 38 25 770)
(9 69 19 336)
(5 62 63 697)
12 59 91 567
21 94 78 759
23 44 68 561
12 59 91 567
AJIT THOMAS
Executive Chairman
A.D.BOPANA
Director
R. VENUGOPALAN
Chief Financial Officer
59
DIVIDENDS PAID
Year
Net Profit
before taxation
Depreciation
written off
Rs.
Rs.
On Equity
Shares
Provision
for
taxation
Share
Holders
funds
Rs.
Rs.
Amount
Rs.
Percentage
2004-2005
5,31,32,951
1,04,22,752
2,15,00,000
32,46,81,574
94,04,000
200
2005-2006
8,42,02,142
1,12,54,372
3,60,00,000
33,53,53,527
3,29,14,000
700
2006-2007
11,93,12,686
1,23,79,670
4,95,00,000
36,43,26,874
3,52,65,000
750
2007-2008
16,62,51,864
1,67,48,667
6,35,00,000
41,20,67,688
4,70,20,000
1000
2008-2009
19,60,72,494
1,79,03,262
6,85,00,000
48,46,29,132
4,70,20,000
1000
2009-2010
26,12,48,072
1,48,30,382
9,25,00,000
57,10,42,245
7,05,30,000
1500
2010-2011
30,22,28,873
2,04,52,872
10,25,00,000
71,60,32,491
4,70,20,000
1000
2011-2012
32,69,11,547
1,98,80,516
11,00,00,000
87,82,96,218
4,70,20,000
1000
2012-2013
37,54,68,720
1,95,81,268
12,25,00,000
104,89,29,978
7,05,30,000
1500
2013-2014
34,81,23,326
1,84,82,775
12,10,00,000
119,35,36,730
3,52,65,000
750 *
3,52,65,000
750 **
60
:
:
E-mail Id
Folio No/ Client Id
DP ID
:
:
:
I/We, being the member (s) of .. shares of the above named company, hereby appoint
1. Name
Address
E-mail Id
Signature
:
:
:
: ............ or failing him
2. Name
Address
E-mail Id
Signature
:
:
:
: ........ or failing him
3. Name
Address
E-mail Id
Signature
:
:
:
: ..........
as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 79th Annual general meeting of the
company, to be held on Thursday, the 4th day of September 2014 At 11.00 A.M at its Registered Office at No.60, W-21/
674, Beach Road, Alappuzha-688 012 and at any adjournment thereof in respect of such resolutions as are indicated
overleaf:
Signature of shareholder
Affix
Revenue
Stamp
Note : This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of
the Company, not less than 48 hours before the commencement of the Meeting.
Resolution
Number
Resolution
Ordinary Business
1.
2.
3.
4.
5.
Special Business
6.
7.
8.
9.
10.
11.
12.
Ratification
of
Remuneration
to
M/s. Rajendran, Mani & Varier, Cost Auditors
Vote (Optional)
For
Against
Abstain
The instructions for members for voting electronically are as under:In compliance with provisions of Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management
and Administration) Rules, 2014, the Company is pleased to provide members facility to exercise their right to vote at
the 79th Annual General Meeting (AGM) by electronic means and the business may be transacted through e-Voting
Services provided by Central Depository Services Limited (CDSL):
In case of members receiving e-mail:
(i)
(ii)
(iii) Now, select the COMPANY NAME from the drop down menu and click on SUBMIT
(iv) Now Enter your User ID (For CDSL: 16 digits beneficiary ID, For NSDL: 8 Character DP ID followed by 8 Digits
Client ID, Members holding shares in Physical Form should enter Folio Number registered with the Company and
then enter the Captcha Code as displayed and Click on Login.
(v)
If you are holding shares in Demat form and had logged on to www.evotingindia.com and voted on an earlier
voting of any company, then your existing password is to be used. If you are a first time user follow the steps given
below.
PAN*
DOB#
Enter the Date of Birth as recorded in your demat account or in the company
records for the said demat account or folio in dd/mm/yyyy format.
Dividend
Bank Details#
Enter the Dividend Bank Details as recorded in your demat account or in the company
records for the said demat account or folio.
*Members who have not updated their PAN with the Company/Depository Participant are requested to use the
first two letters of your name and the sequence number in the PAN field. Eg. If your name is Ramesh Kumar with
sequence number 1 then enter RA00000001 in the PAN field. (Sl. No. mentioned in your address label can be used
as Sequence No. for this purpose)
# Please enter any one of the details in order to login. Incase either of the details are not recorded with the
depository please enter the <Default Value> in the Dividend Bank details field.
(vii) After entering these details appropriately, click on SUBMIT tab.
(viii) Members holding shares in physical form will then reach directly the Company selection screen. However, members
holding shares in demat form will now reach Password Creation menu wherein they are required to mandatorily
enter their login password in the new password field. Kindly note that this password is to be also used by the
demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that
company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with
any other person and take utmost care to keep your password confidential.
(ix) For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained
in this Notice.
(x)
(xi) On the voting page, you will see Resolution Description and against the same the option YES/NO for voting.
Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO
implies that you dissent to the Resolution.
(xii) Click on the Resolutions File Link if you wish to view the entire Resolutions.
(xiii) After selecting the resolution you have decided to vote on, click on SUBMIT. A confirmation box will be displayed.
If you wish to confirm your vote, click on OK, else to change your vote, click on CANCEL and accordingly
modify your vote.
(xiv) Once you CONFIRM your vote on the resolution, you will not be allowed to modify your vote.
(xv) You can also take out print of the voting done by you by clicking on Click here to print option on the Voting
page.
(xvi) If Demat account holder has forgotten the changed password then Enter the User ID and Captcha Code click on
Forgot Password & enter the details as prompted by the system.
(xvii) Institutional shareholders (i.e. other than Individuals, HUF, NRI etc.) are required to log on to https://
www.evotingindia.co.in and register themselves as Corporates. After receiving the login details they have to link
the account(s) which they wish to vote on and then cast their vote. They should upload a scanned copy of the
Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, in PDF
format in the system for the scrutinizer to verify the same.
In case of members receiving the physical copy:
(A)
Please follow all steps from sl. no. (i) to sl. no. (xvii) above to cast vote.
(B) The voting period begins on <Date and Time> and ends on <Date and Time>. During this period shareholders
of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date (record
date) of <Record Date>, may cast their vote electronically. The e-voting module shall be disabled by CDSL for
voting thereafter.
(C) In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions (FAQs)
and e-voting manual available at www.evotingindia.co.in under help section or write an email to
helpdesk.evoting@cdslindia.com.