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Trombo Extractions Directors Report, Trombo Ext Reports by Directors
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Trombo Extractions

BSE: 519303|ISIN: INE850O01011|SECTOR: Edible Oils & Solvent Extraction
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Directors Report Year End : Mar '14    Mar 13
Dear members,
 
 The Board of Directors of your Company has the pleasure of presenting
 Annual Report of RAJANI EXTRACTIONS LIMITED together with the Audited
 Statements of Accounts for the year ended the March 31, 2014.
 
 FINANCIAL PERFORMANCE OF THE COMPANY:
 
 The Company has not received any income during the financial year
 2013-14. However, the Company incurred loss of Rs. (30,920,667) the
 current financial year and hope for better in coming years, even in
 the downward stream scenario of global financial and capital market.
 Directors have started to explore various other opportunities to
 further improve the working results during the current year.
 
 PARTICULARS OF EMPLOYEES:
 
 There is no employee having remuneration with the provisions of
 section 217(2A) of the companies Act 1956 read with the companies
 (Particulars of employee) Rules, 1975 as amended.
 
 DIVIDEND:
 
 In view of losses, your Directors do not recommend any dividend during
 the year. 
 
 DIRECTORS:
 
 Mr. Munna Lai Shivnarayan, Director of the Company are liable to
 retire by rotation at the ensuing Annual General Meeting and being
 eligible, offer himself for reappointment.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 Director confirms that:
 
 The applicable accounting standards have been followed along with
 proper explanation relating to material departures.
 
 Such accounting policies have been selected and applied consistently
 and reasonable and prudent judgments and estimates made, 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 the profit/loss of the company for that
 period.
 
 Proper and sufficient care has been taken for the maintenance of the
 adequate accounting records in accordance with provisions of this act
 for safeguarding the assets of the company and for preventing and
 detecting fraud and other irregularities.
 
 The annual accounts have been prepared on a going concern basis.
 
 AUDITORS:
 
 M/S S.N. Kabra & Company, Chartered Accountants, Indore, the retiring
 auditors being eligible offer themselves for re-appointment. Members
 are requested to appoint them as auditors of the company for the next
 year till the conclusion of next Annual General Meeting of the
 Company.
 
 AUDITORS'' REPORT:
 
 Report of the auditors and their observations and notes to the
 accounts of the company for the year under review are attached
 herewith which are self-explanatory and do not require further
 explanation.
 
 MANAGEMENT DISCUSSION AND ANALYSIS:
 
 Management discussion and analysis Report, pursuant to Clause 49 of
 the Stock Exchange Listing agreement, forms part of this Report and
 the same is annexed hereto.
 
 CORPORATE GOVERNANCE:
 
 A comprehensive report on corporate governance as stipulated under
 Clause 49 of the Listing Agreement is attached to this Report
 
 The Company has obtained a certificate from the Statutory Auditors
 regarding compliance of conditions of Corporate Governance as
 stipulated in Clause 49 of the Listing Agreement and the same is
 annexed at the end of Corporate Governance Report.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
 EARNINGS AND OUTGO:
 
 As the Company''s operations do not involve any manufacturing or
 processing activities, the particulars as per the Companies
 (Disclosures of Particulars in the Report of the Board of Directors)
 Rules, 1998, regarding conservation of energy and technology
 absorption, are not applicable. The particulars regarding expenditure
 and earnings in foreign exchange are Nil.
 
 PARTICULARS OF EMPLOYEES:
 
 No employee of the Company was in receipt of remuneration above the
 limit specified under Section 217(2A) of the Companies Act, 1956.
 
 DEPOSITS:
 
 The company has not accepted any deposit from the public attracting
 the provision of Sec 58A and 58AA of the Companies Act, 1956.
 
 SEGMENT:
 
 Your Company is engaged in a single segment only.
 
 ACKNOWLEDGEMENT:
 
 The management is grateful to the government authorities, Bankers,
 Vendors for their continued assistance and co-operation. The directors
 also wish to place on record the confidence of members in the company.
 
                                     By Order of the Board of Directors
 Place : Indore 
 Date : 29/05/2014
 
                        Sd/-	       Sd/-	         Sd/-
 
               (Jawahar Rajani) (Jagdish Rajani) (Munnalal Shivnarayan)
              Managing Director	   Director	       Director
                DIN: 03208989	DIN: 03209076	     DIN: 03209564
Source : Dion Global Solutions Limited
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