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Parker Agrochem E Ltd.

BSE Live

Nov 30, 16:00
4.67 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
194
10-Day
187
30-Day
515
486
  • Prev. Close

    4.67

  • Open Price

    4.67

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    4.67 (189)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Parker Agrochem E is not listed on NSE

Annual Report

For Year :
2014 2013 2012 2011 2010 2009 2008 2006

Director’s Report

The directors are pleased to present the fifteenth annual report of Parker Agrochem Exports Limited alongwith the audited accounts for the year 2007-2008. Financial Status : The Financial results of the Company for the year under review is presented herewith: (Rs. In lacs) 2007-2008 2006-2007 Gross Income 296694.52 270110.41 Profit before Depreciation and Tax 15.11 138.06 Depreciation 26.47 25.43 Profit before tax (11.36) 112.62 Less: Provision for Tax 7.46 40.93 Profit after tax (3.93) 71.68 Profit carried to Balance Sheet (3.93) 71.68 Dividend : During the year 2007-08 the markets were highly volatile which has resulted in to a minor amount of loss to the company, however, the directors managed to take timely decisions which helped us face the market fluctuations. Due to the loss the company has not declared any dividend for the year under review. Year Under Review : The year under review witnessed heavy fluctuations in the market as compared to the past years. The turnover of the Company has shown an increase of 9% to 296694.52 as compared to 270110.41 in 2006-07. Management Discussion and Analysis Report : Management Discussion and Analysis Report for the year under review, as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges is presented in a separate section forming part of the Annual Report. Public Deposits : The Company has not accepted any deposits from the public during the year under review. Directors : Mr. Sukhdev R Acharya, chairman cum managing director of the company retire by rotation and being eligible offers himself for re- appointment for a period of 5 years. A brief resume, nature of expertise, functional areas etc. as required by the clause 49 -Corporate Governance of the Listing Agreement are given under the section of Corporate Governance in the Annual Report. Stock Exchange Compliances : The Company is listed on Saurashtra & Kutch Stock Exchange, The Stock Exchange, Ahmedabad and The Stock Exchange, Mumbai. Your Company has complied with all the clauses of Listing Agreement viz. publishing the quarterly unaudited results, annual financial results, etc. for the year under review. The Company has paid the required annual listing fees to all the three Stock Exchanges till the date of the Report. Directors Responsibility Statement : In terms of Section 217 (2AA) of the Companies Act, 1956, in relation to financial statements for the year 2007-2008, the Board of Directors state that : i) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures. The directors have decided to provided the gratuity and provident fund benefits from the year 2008-09. ii) The directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the company for that period; iii) The directors had taken proper and sufficient care for the maintainence of adequate accounting records in accordance with the provisions of this act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; iv) The directors had prepared the annual accounts on a going concern basis. Corporate Governance : The Corporate Governance Report is made compulsory by the Clause 49 of the Listing Agreement. The companys aim is to provide a true and fair view to the shareholders of the company and has duly complied with this clause and has also submitted the quarterly compliance reports. A separate section on Corporate Governance is incorporated in the Annual Report of the Company. Auditors : M/s. N. U. Shah & Associates, Chartered Accountants resigned during the year and had willingly given consent to Samir M Shah & Associates to act as the Chartered Accountants of the company for the remaining period. Samir M Shah & Associates however eligible offer for themselves for re-appointment as auditors at a remuneration fixed by the Audit Committee. Particulars of Employees : The information as required under section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, by the Companies (Particulars of Employees )Amendment Rules, 1999 is Nil. Conservation of Energy, Technology Absorption, Foreign Exchange Earnings & Outgo : Information as per section 217(l)(e) of the Companies Act, 1956 read with Rule 2 of the Companies (disclosure of particulars in the report of Directors), Rules, 1988 is given in the annexure and forms an integral part of this report. Appreciation and Acknowledgement: Your Directors acknowledge with gratitude, the patronage of its esteemed customers, the strength it derives from its employees at all the levels, the support from its Bankers and the loyalty of the large family of the Companys customers, suppliers and the Shareholder. By Order of the Board of Directors Place : Ahmedabad Sukhdevbhai R Acharya Date : 25/08/2008 (Chairman & Managing Director)

Director’s Report