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Ambica Agar Ltd.

BSE Live

Sep 14, 16:00
4.00 0.00 (0.00%)
Volume
No Data Available
22,471
  • Prev. Close

    4.00

  • Open Price

    3.90

  • Bid Price (Qty.)

    4.00 (29)

  • Offer Price (Qty.)

    4.00 (871)

Ambica Agar is not traded on BSE in the last 30 days

NSE Live

Dec 27, 11:22
12.60 -0.15 (-1.18%)
Volume
No Data Available
187,937
  • Prev. Close

    12.75

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Ambica Agar is not listed on NSE

Annual Report

For Year :
2013 2012 2011 2010 2009 2008 2004

Director’s Report

To The Members, The Directors have pleasure in presenting herewith the 18th Annual Report of Company together with the Audited Accounts for the fnancial year ended 31st March, 2013 FINANCIAL RESULTS: (Rs.in lakhs) YEAR ENDED YEAR ENDED PARTICULARS 31.03.2013 31.03.2012 Sales 9943.45 8542.38 Other Income 131.38 114.99 TOTAL Income 10074.83 8657.37 Expenditure 9585.20 8138.27 Profit before depreciation and Income tax 489.63 519.10 Depreciation 298.05 267.41 Net proft before tax 191.58 251.69 Provision for taxation a. Current tax 38.33 73.29 b. Deferred tax 23.83 (9.91) Profit after tax 129.43 188.31 OVERALL PERFORMANCE OF THE COMPANY: During the fnancial year under review the overall performance of the Company was good the overall turnover has increased to Rs 9943.45 Lakhs as compare to Rs 8542.38 Lakhs and the Net proft was decreased to Rs 129.43 Lakhs as compare to Rs 188.31 Lakhs due to operational losses incurred in the newly started hotel at Vizag. When it comes to Segment wise performance of the Company the Turnover of the Agarbathies Division was Rs 8303.01 Lakhs as Compare to Rs 7144.57 Lakhs and the Turnover of hotel division was Rs 1706.76 Lakhs as compared to Rs 1455.77 Lakhs and the turnover in Construction Division(Windmill) was 65.07 lakhs as compared to Rs. 57.03 lakhs, other projects are in fnishing stages. DIVIDEND Your Directors do not recommend any Dividend forthe Financial Year2012-2013 as the profts are planned to be ploughed back into the business operations. PERSONNEL: None of the Employees of the Company are drawing remuneration exceeding limits prescribed U/s 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 2011. FIXED DEPOSITS: Your company has not accepted any deposits falling under Section 58A of the Companies Act, 1956 read with Companies (Acceptance of Deposits) Rules 1975 during the year. DIRECTORS: Sri P Sreedharan Venkatesan Director of the Company retires by rotation at the ensuing annual general meeting and being eligible offer themselves for re-appointment. DIRECTORS'' RESPONSIBILITY STATEMENT: Pursuant to Section 217(2AA) of the Companies Act, 1956 the directors of your Company hereby confrm that: i. In preparation of annual accounts for the fnancial year ended 31st March, 2013 the applicable accounting standards have been followed along with proper explanation relating to material departure, if any, there from; 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 true and fair view of the state of affairs of the Company at the end of the fnancial year ended 31st March 2013 and of the proft and loss of the Company for that period; iii. The directors have taken proper and suffcient care for the maintenance of adequate accounting records in accordance with the provisions of this Act, for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; iv The Directors have prepared the annual accounts on a going concern basis. AUDITORS: The Statutory Auditor, Sri T S Ajai, Chartered Accountant, hold office till the conclusion of ensuing Annual General Meeting. The Company is in receipt of confrmation from the Statutory Auditorthat in the event of his re-appointment as Statutory Auditor at the ensuing Annual General Meeting, such appointment will be in accordance with the limits specifed in Section 224 (1B) of the Companies Act, 1956. Reply to Auditors Qualifcation 1. With regard to the deposit of Amounts to statutory Authorities (Point No. 9 (a) of the Auditors Reports). Your Board would like to bring to your kind notice that due to liquidity problem the company has delayed in depositing the amount. 2. With regard to transferring of unpaid dividend to Investor Education Fund, Your board would like bring to your kind notice that the company is under the process of reconciliation of names of share holders and transfer the same. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO: As required under Section 217 (1) (e) of the Companies Act, 1956 read with Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988, the information is given as hereunder: A. Conservation of Energy - The present operation of the Company do not involve high energy consumption. However steps being taken to minimize energy consumption where ever possible B. Research & Development - The Research and Development division of Agarbathies department continues to focus on introducing of new brands. C. Technology Absorption - Not Applicable D. Foreign Exchange Earnings & Outgo: (In Rs. Lakhs) 2012-13 2011-12 Foreign Exchange earnings Nil 15.21 Foreign Exchange outgo Nil Nil MANAGEMENT DISCUSSION AND ANALYSIS: Aspects of Management Discussion and Analysis are enclosed as Annexure - I to this report CORPORATE GOVERNANCE: Report on Corporate Governance including Auditor''s Certifcate on Compliance with the code of Corporate Governance under Clause 49 of the listing agreement is enclosed as Annexure - II to this report. ACKNOWLEDGEMENTS: Your Directors place on record, their appreciation for the co-operation and support from the Bankers, Financial Institutions, the stockiest and distributors, Supplier and Customers. Your Directors would also like to place on record their sincere appreciation and gratitude to the Shareholders, Central and State Government agencies etc for their support and co-operation. Your Directors express their heartfelt gratitude to the employees for their exceptional commitment and loyalty to the Company. For AMBICA AGARBATHIES AROMA AND INDUSTRIES LIMITED Sd/- Place : Hyderabad AMBICA KRISHNA Date : 24.08.2013 Chairman and Managing Director

Director’s Report