The Directors take pleasure in presenting this Sixth Annual Report of
the company for the year ending 31st March 2000.
The year under review marked a turn around in the operations of the
Company as the mango crop which is our principal business segment was
satisfactory. The company achieved a export turnover of Rs. 1042.83
Lakhs and earned Rs. 1048.41 Lakhs of foreign Exchange. The company
achieved a cash profit of Rs.79.37 Lakhs. The company has pleasure to
inform that Industrial Development Bank of India have rephased the term
loan commitments apart from funding interest commitments up to 31st
Your Directors could not recommend any dividend for the year under
The Company has not accepted any fixed deposits from the public
Sri. S.B.S. Manian and Smt. K. Girija Directors of the company who
retire by rotation at the ensuing Annual General Meeting being eligible
offered themselves for reappointment.
Sri CH. Nagendra Kumar has been appointed as additional Director of the
The Auditors M/s. E. Phalguna Kumar & Co., Chartered Accountants who
retire at the conclusion of the ensuing Annual General Meeting being
eligible offered themselves for reappointment.
CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION
Efforts made, in brief, towards technology absorption, adaptation &
innovation are as under
a) Improved electronic gadgets & Systems are used.
b) Improvement in Plant Operation and process techniques
c) Implementation of Quality Assurance systems
d) Effective Environmental Management
FOREIGN EXCHANGE EARNINGS & OUTGO
The Company has earned Rs. 1048.41 Lakhs as Foreign Exchange on its
exports and incurred Rs. 129.98 Lakhs as foreign exchange during the
period for marketing expenses and purchase of packing material etc.,
PARTICULARS UNDER SECTION 217 (2A) OF THE COMPANIES ACT, 1956
During the year under review no employee of the company was in receipt
of remuneration which in the aggregate was Rs.6,00,000/- or more nor
was for any part of the year at the rate of Rs.50,000/- per month or