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Smilax Industries Directors Report, Smilax Ind Reports by Directors
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Smilax Industries
BSE: 519586|ISIN: INE393M01016|SECTOR: Aquaculture
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Download Annual Report PDF Format 2013 | 2010
Directors Report Year End : Mar '13    « Mar 10
Dear Shareholders,
 
 The Directors have pleasure in presenting herewith the 19th Annual
 Report on the business of your company together with the Auditeed
 Accounts for the financial year ended 31st March,2013.
 
 FINANCIAL PERFORMANCE:
 
 During the year under review the Company could not take-up any of its
 activities due to economic recession particularly in the construction
 industry As far as the expenditure is concerned we have spent only the
 minimum amount required for safeguarding the interest/assets of the
 Company
 
 PARTICULARS OF EMPLOYEES:
 
 In pursuance of the provisions of section 217 (2A) of the companies
 Act,1956 read with the companies (particulars of Employees) Rules 1975,
 no employees was in receipt of remuneration Rs.60,00,000/- or more per
 annum or Rs,5,00,000/- or more per month or employed for a part of the
 year.
 
 DIRECTORS;
 
 Mr P. Sivamohan Reddy & Mr Chandaluru Bapanaiah Director of the Company
 will retire the rotation at the ensuing Annual Ganeral Meeting and being
 eligible offer themselves for re-appointment
 
 PERSONNEL:
 
 The relations between the management and the staff were very cordial
 throughout the Year Your Directors take m/s opportunity 10 record their
 appreciation for the co-operation and loyal servos rendered by the
 employees.
 
 AUDITORS:
 
 The Statutory Auditors of the Company m/s. p. Murali & Co.. Chartered
 Accountants. retire at the re-appointment The Audit Committee and the
 Board recommend the re-appointment of M/S P.Murali & Associates,
 chartered Accountant as statutory Auditors of your Company
 
 DEPOSITS:
 
 The Company has not accepted any deposits during the year
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 Pursuant of Section 217(2AA) of the Companies Act. 1959 your Director
 confirm that:
 
 i. In preparation of annual accounts for the- financial year ended 31st
 March, 2013 the applicable Accounting Standards have been followed
 
 ii The Directors have selected such accounting policies and applied them
 consist and made judgments and estimates that are reasonable and
 prudent so as to give true and fair view of the state of affair of the
 Company at the end of the finance year ended 31st March. 2013 and if
 the profit and to as of the Company for the year
 
 iii The Directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions or the Companies Act. 1956 for safe. arrange the assets of
 the Company and preventing defecting fraud and other irregularities.
 and loss of the company for the year.
 
 iv The Directors have prepared the annual accounts on a ''going
 concern'''' basis
 
 CORPORATE GOVERNANCE
 
 Your Company has complied with the requirements of Clauses 49 of the
 Listing Agreement entered with the stock Exchanges Report on corporate
 Governance inducing Auditor''s Certificate on compliance with the code
 of Corporate Governance under Clause 49 of the listing agreement is
 enclosed as Annexure to this report
 
 MANAGEMENT DISCUSSTION & ANALYSIS:
 
 Airport on the Management Discussion and Analysis for the year under
 review in annexed hereto and forms part of the Annual report.
 
 ACKNOWLEDGEMENTS
 
 Your Directors to express their gratitude to the central and state
 Governments investors analysts financial institutions banks business
 associates and customers the medical profess on distributors and
 suppliers for their whole-hearted support your Director commend all the
 employees of your company for their continued dedication significant
 contributions hard work and commitment.
 
                                       For and on the half of the Board
 
 Place : Hyderabad                                                 sd/-
 
 Date : 30.05.20                                             M.SRIKANTH
 
                                                               DIRECTOR
Source : Dion Global Solutions Limited
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