Natural Vanaspati Ltd.-இன் இயக்குநர் அறிக்கை

Mar 31, 2014

Dear Members,

FINANCIAL RESULTS 31.03.2014 31.03.2013 Rs. Rs.

Profit before

Depreciation and Tax 99,62,490 40,17,134

Depreciation 41,34,395 42,25,217

Deferred Tax written back 11,28,408 21,83,859

Profit for the year 69,56,503 19,75,776

Loss brought forward 8,18,61,949 8,38,37,725

Deficit carried to 7,49,05,446 8,18,61,949 balance sheet

BIFR: (BOARD FOR INDUSTRIAL AND FINANCIAL RECONSTRUCTION)

The case is pending before the BIFR

PARTICULARS OF EMPLOYEES:

There are no employees coming under the purview of the provisions of Sec.217 (2A) of the Companies Act, 1956 during the year under report.

DIRECTORS'' RESPONSIBILITY STATEMENT PURSUANT TO SECTION 217 (2AA) OF THE COMPANIESACT.1956.

The Directors of your company state:

1. That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. That the directors had selected such accounting policies that are reasonable and prudent and applied them consistently and made judgments and estimates so as to give a true and fair view of the state of affairs of the company.

3. That the directors had taken proper and sufficient 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 fraud and other irregularities:

4. That the directors had prepared the annual accounts on a going concern basis.

PARTICULARS u/s 217 (1) (e)

The particulars with regard to Conservation of Energy , Technology Absorption and Foreign Exchange earning and outgo as required under Sec.217 (1) (e) as per the Companies (Desclosure of particulars in the Report of Board of Directors) Rules, 1988 are furnished in the Annexure forming part of this Report.

AUDITORS

The Board of Directors have proposed the re-appoitment of M/s. M. Rahul Jain & Co., Chartered Accountants as the Statutory Auditors. The Company has received a certificated from them to the effect that their appointment if made would be within the limits prescribed under Section 224 (1) ofthe Companies Act, 1956.

ACKNOWLEDGEMENTS

The Directors wish to place on record their appreciation for the whole hearted cooperation and support extended by the customers and supplies.

On behalf of the Board Sd/- UMESH KEDIA Chairman & Managing Director Place: Hyderabad Dated: 4th August 2014

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Mar 31, 2011

Dear Members,

The Directors present their THIRTY NINTH ANNUAL REPORT of the Company along with Audited Accounts for the year ended 31st March 2011.

FINANCIAL RESULTS 31.03.2011 31.03.2010 Rs. Rs.

Profit before Depreciation and Tax 1,66,891 1,67,56,161

Depreciation 49,19,267 50,76,455 Tax

-Deferred Tax written back 12,73,252 37,17,330

Profit/(Loss) for the year (34,79,124) 1,53,97,036

Loss brought forward 7,42,88,793 8,96,85,829

Deficit carried to balance sheet 7,77,67,917 7,42,88,793

OPERATIONS

The turnover for the year decreased from Rs. 1,534.23 lakhs to Rs.975.56 lakhs as compared to the previous year. The Company has incurred loss for Rs. 34.79 Lakhs. The Company is taking measures to achieve the profit for the future years.

BIFR: (BOARD FOR INDUSTRIAL AND FINANCIAL RECONSTRUCTION)

The case is pending before the BIFR.

PARTICULARS OF EMPLOYEES:

There are no employees coming under the purview of the provisions of Sec. 217(2A) of the Companies Act, 1956 during the year under report.

DIRECTORS' RESPONSIBILITY STATEMENT PURSUANT TO SECTION 217 (2AA) OFTHE COMPANIES ACT, 1956.

The Directors of your company state:

1. That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. That the Directors had selected such accounting policies that are reasonable and prudent and applied them consistently and made judgments and estimates so as to give a true and fair view of the state of affairs of the company as at the end of the financial year and of the loss of the company for that period.

3. That the directors had taken proper and sufficient 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 fraud and other irregularities.

4. That the directors had prepared the annual accounts on going concern basis.

PARTICULARS u/s 217 (1) (e)

The particulars with regard to Conservation of Energy, Technology Absorption and Foreign Exchange earnings and outgo as required under Sec.217(l)(e) as per the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 are furnished in the Annexure forming part of this Report.

AUDITORS

M/s. Avis Associates, Chartered Accountants, Auditors of the Company, retire at the conclusion of the forthcoming Annual General Meeting and are eligible for reappointment.

SECRETARIAL COMPLIANCE CERTIFICATE SECTION 383A

The Secretarial Compliance Certificate pursuant to the provisions of Section 383 A is also secured from a Practicing Company Secretary.

ACKNOWLEDGEMENTS

The Directors wish to place on record their appreciation for the whole hearted cooperation and support extended by the employees, banker's, customers and suppliers.

On behalf of the Board Sd/- UMESH KEDIA Chairman & Managing Director

Place : Hyderabad. Dated : 13th August ,2011

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Mar 31, 2010

The Directors present thier THIRTY EIGHT ANNUAL REPORT of the Company along with Audited Accounts for the year ended 31st March 2010.

FINANCIAL RESUSLTS 31.03.2010 31.03.2009 Rs. Rs.

Profit before

Depreciation and Tax 1,67,56,161 21,58,558

Depreciation 50,76,455 60,12,377

Tax

-Deferred Tax written back 37,17,330 14,33,455

-Fringe Benefit Tax - 27,975

-Excess provision of income tax written back - 7,87,473

Profit/(Loss) for the year 1,53,97,036 (16,60,866)

Loss brought forward 8,96,85,829 (8,80,24,963)

Deficit carried to balance sheet 7,42,88,793 8,96,85,829



OPERATIONS

The turnover for the year increased from Rs.1461.66 lakhs to Rs.1534.23 lakhs as compared to the previous year. The Company has achieved profit of Rs. 153.97 Lakhs The profit arrived mainly due to interest received on Income Tax. surrender of the key man insurance policies and the liability no longer required written back of the wind electricity generators. The Company reduced the creditor as the reasons, the business of refining of Edible Oils and Vanaspati was not encouraging due to high fluctuations in the market. Due to payment to the creditors, your directors have decided not to declare any dividend for the financial year under review. Further, the Company adopted cost control measures.

BIFR: (BOARD FOR INDUSTRIAL AND FINANCIAL RECONSTRUCTION

The case is pending before the BIFR

AMTL (ARUL MARIAMMAN TEXTILES LIMITED)

Arul Mariamman Textiles Limited had withdrawn all the cases against our Company during the year. The Company filed two cases in the year 1996-97 and 1997-98 at Income Tax Appellate Tribunal against depreciation of the wind electricity generators and we glad to inform that our Company has won both two cases. PARTICULARS OF EMPLOYEES: There are no employees coming under the purview of the provisions of Sec. 217(2A) of the Companies Act, 1956 during the year under report. DIRECTORS RESPONSIBILITY STATEMENT PURSUANT TO SECTION 217 (2AA) OF THE COMPANIES ACT, 1956.

The Directors of your company state:

1. That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. That the Directors had selected such accounting policies that are reasonable and prudent and applied them consistently and made judgments and estimates so as to give a true and fair view of the state of affairs of the company as at the end of the financial year and of the profit of the company for that period.

3. That the directors had taken proper and sufficient 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 fraud and other irregularities.

4. That the directors had prepared the annual accounts on going concern basis.

PARTICULARS u/s 217 (1 )(e)

The particulars with regard to Conservation i Energy, Technology Absorption and Foreig Exchange earnings and outgo as required undo Sec.217(1)(e) as per the Companies (Disclosure < Particulars in the Report of Board of Director. Rules, 1988 are furnished in the Annexure formin part of this Report.

AUDITORS

M/s. Avis Associates, Chartered Accountants Auditors of the Company, retire at the conclusion < the forthcoming Annual General Meeting and ar eligible for reappointment.

SECRETARIAL COMPLIANCE CERTIFICATI SECTION 383A

The Secretarial Compliance Certificate pursuant t the provisions of Section 383 A is also secured from Practicing Company Secretary.

ACKNOWLEDGEMENTS

The Directors wish to place on record thei appreciation for.the whole hearted cooperation am support extended by the employees, bankers customers and suppliers.



On behalf of the Board

UMESH KEDI/

Chairman & Managing Director

Place: HYDERABAD

Dated: The 27,th September, 2010.