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Anup Malleables Directors Report, Anup Malleables Reports by Directors
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Anup Malleables
BSE: 506087|ISIN: INE188O01016|SECTOR: Castings & Forgings
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Directors Report Year End : Mar '13    « Mar 12
Dear Shareholders, 
 
 The Directors take pleasure in presenting their 31st Annual Report and
 the Audited Accounts of your Company for the year ended March 31, 2013.
 
 FINANCIAL RESULTS                              (Amount in Rs.)
  
 Particulars                      F.Y. 2012-13    F.Y. 2011-12
 
 1 Gross Turn Over                 126,693,363     137,204,325
 
 2 Net Turnover                    125,461,857     134,233,458
 
 3 Other Income                      1,231,506       2,970,867
 
 4 Total Revenue                   126,693,363     137,204,325
 
 5 Earnings before Interest, 
 Depreciation and Amor-             19,545,995      23,426,450
 tization (EBIDTA)
 
 6 Interest                         12,369,803       8,072,781
 
 7 Depreciation                      3,982,942       3,195,236 ''
 
 8 Profit before Taxation (PBT)      3,193,250      12,158,433
 
 9 Tax including Deferred Tax        4,002,017       3,939,534
 
 10 Profit (Loss) after Tax           (808,767)      8,218,899
 
 11 Profit brought forward 
 from previous year                 26,204,275      18,421,210
 
 12 Less: Capitalization 
 for Bonus Issue                    18,750,000       7,454,275
  
 13 Amount available for 
 appropriation                       6,645,508      26,640,109
 
 14 Transfer to General Reserve          -               -
 
 15 Proposed Dividend & Tax              -            435,834
 
 16 Surplus carried to 
    Balance Sheet                    6,645,508     26,204,275
 
 OPERATIONAL & FINANCIAL GROWTH Total Revenue
 
 Total income of the Company for the financial year 2012-13 comprises of
 Net Sales, work contract receipt and other income amounts to Rs.1254
 Lacs which was a decrease of 7% over last year''s figure.
 
 Profit before Tax
 
 Profit before tax for the year under review was Rs.31.93 Lacs, a
 decrease of 26% over the last year''s figure.
 
 Profit after Tax
 
 Loss after tax for the year under review was loss of Rs.8.08 Lacs
 registered a decrease of 110% over the last year''s figure.
 
 Earnings per Share
 
 Earnings per share for the year under review was Rs.(0.03) as compared
 to Rs. 10.66 for the last year.
 
 Net worth
 
 Net worth of the Company for the financial year 2012-13 is Rs.380.35
 Lac as against Rs.388.44 Lac of the last year.
 
 DIVIDEND
 
 Considering your Company''s present situation, your Directors regret
 to recommend a dividend for the year under re- view.  *
 
 CORPORATE GOVERNANCE
 
 Your Company has fully complied with the requirements of Clause-49 of
 the Listing Agreement regarding Corporate Governance.  (
 
 A Report on Corporate Governance Practices and the Practicing Company
 Secretary''s Certificate on compliance of mandatory requirements
 thereof is given as annexure to this report.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Your Directors hereby confirm that:
 
 a) in the preparation of annual accounts, containing financial
 statements for the year ended March 31, 2013, the applicable accounting
 standards have been followed along with proper explanations, wherever
 required.
 
 b) the Board had 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 for the period.
 
 c) the Board has taken proper and sufficient care for the maintenance
 of adequate accounting records in accordance with provisions of the
 Companies Act, 1956 for safe guarding the assets of the company and for
 pre- venting and detecting any fraud and other irregularities.
 
 d) the annual accounts have been prepared on a going concern basis.
 
 FINANCIAL STATEMENTS
 
 Pursuant to Clause 41 of the Listing Agreement entered into with the
 stock exchanges, the Board of Directors has pleasure in attaching the
 Financial Statement prepared in accordance with the Accounting
 Standards prescribed by the Institute of Chartered Accountants of
 India.  
 
 Since your Company does not have any subsidiary, preparation of the
 Consolidated Financial Statement is not required.
 
 DIRECTORS
 
 Mr. Rishi Bajoria and Mr. Binoy Modi, Directors of the Company retire
 by rotation at the ensuing Annual General Meeting and are eligible
 for re-appointment.
 
 None of the Directors of the Company are disqualified as per section
 274(1 )(g) of the Companies Act, 1956. The Di- rectors have made
 necessary disclosures as required under various provisions of the Act
 and Clause 49 of the Listing Agreement.
 
 STATUTORY AUDITORS
 
 The Statutory Auditors M/s. Ashok Kedia & Company, Chartered
 Accountants, retire at the conclusion of the forthcoming Annual
 General Meeting and being eligible, offer themselves for
 re-appointment. Certificate from the Auditors has been obtained to the
 effect that their re-appointment, if made, would be within the limits
 prescribed under section 224(1 B) of the Companies Act, 1956.
 
 The Notes to Accounts forming part of the financial statements are self
 explanatory and needs no further explanation.  There are no
 qualifications or adverse remarks in the Auditors'' Report which
 require any clarification/explanation.
 
 APPRECIATION
 
 Your Directors take this opportunity to thank the Bankers, Government
 Authorities, Customers, Vendors, Shareholders and Employees for their
 continued assistance, cooperation and support to the Company.
 
                           For and on behalf of the Board of Directors
 
                                           D. K. Agarwalla 
 
                                           Managing Director
 
 
 Place: Kolkata 
 
 Dated : 30th May 2013
Source : Dion Global Solutions Limited
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