The Directors have pleasure in presenting their 28th Annual Report,
together with Audited Accounts of the Company for the year ended 31st
Sales and other Income 1245.06 672.24
Profit/(Loss) before Depreciation 35.74 43.09
Interest 7.83 6.41
Depreciation 7.97 8.69
Profit/(Loss) before Tax 36.51 34.39
Less: Provision for Tax 11.40 4.36
Net Profit/(loss) for the year 25.11 30.03
Profit/(Loss) brought forward from
previous year (16.26) (46.29)
Balance carried to Balance Sheet 8.85 (16.26)
The Company has earned a Net Profit of Rs. 25.11 Lacs during the
Financial Year 2011-12 but in view of the future expansion plan and
other business activities your directors have decided not to recommend
any dividend for the year ended 31st March, 2012.
During the financial year under review, your Company achieved a
production of 253873 cases of Indian Made Foreign Liquor (IMFL) (158318
cases in 2010-11) and sold 243717 cases (152398 cases in 2010-11) of
IMFL generating a net revenue of Rs. 1244.75 lakhs (Rs. 664.11 lakhs in
Your Company has incurred a net profit of Rs. 25.11 Lacs for the
financial year ended 31 March, 2012 as against the profit of30.03
Lacs for the financial year ended 31 March, 2011, after taking into
account interest, depreciation, prior period adjustments and
Shri Chahchal Rai, Director of the Company, retires by rotation and
being eligible offers himself for re- appointment.
Your Directors recommend the appointment and re-appointment of the
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors ''Responsibility Statement, it is
hereby confirmed that:
(i) in the preparation of the annual accounts for the year ended March
31, 2012, the applicable accounting standards read with requirements
set out under Schedule VI to the Companies Act, 1956, have been
followed and there are no material departures from the same;
(ii) 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 as at March 31,2012 and of the profit of the Company for
the year ended on that date;
(iii) 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
(iv) the Directors have prepared the annual accounts of the Company on
a ''going concern'' basis.
The Company has not accepted any deposits from public during the year
PARTICULARS OF EMPLOYEE:
There are no employees whose particulars are required to be shown in
terms of provisions of Section 217 (2A) ofthe Companies Act, 1956 read
with the Companies (Particulars ofEmployees) Rules, 1975 as amended.
M/s. O.T. Gandhi & Co., Chartered Accountants, Indore, Statutory
Auditors of the Company holds office until the conclusion of the
ensuing Annual General Meeting, and is eligible for re-appointment. The
Company has received their consent under section 224(1B) ofthe
Companies Act, 1956 for such re-appointment.
The notes to the accounts referred to in the Auditors'' Report are
self-explanatory and therefore do not call for any further comments.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO:
Information in respect of Conservation of Eneigy, Technology Absorption
and Foreign Exchange earnings and outgo pursuantto provisions ofSection
217(l)(e) ofthe Companies Act,1956 read with the Companies pisdosure of
Particulars in the Report of Board of Directors) Rules, 1988 is
Annexure A which forms part of this Report. LISTING OF EQUITY
SHARES ON STOCK EXCHANGES:
The Company''s shares are listed in the following Stock Exchanges:
1. The Stock Exchange, Mumbai.
2. The M. P. Stock Exchange, Indore.
3. The Delhi Stock Exchange Association, Delhi.
4. The Madras Stock Exchange Ltd., Chennai.
5. The Ahmedabad Stock Exchange, Ahmedabad.
A report on Corporate Governance along with Auditors Certificate is
Your Directors take this opportunity to place on record their
appreciation for the confidence reposed and co- operation extended to
the Company by the Bankers ofthe Company, State Bank ofTravancore,
other Banks, Central and State Government Authorities, Business
Associates, the family of Shareholders and others.
Your Directors also wish to place on record their appreciation for the
dedicated and hard work put in by the Officers, Employees and Other
Staff Members, at all levels.
By Order of the Board of Directors
Place: Indore (M.P.)
Date :28th August, 2012 Director Director