Professional Documents
Culture Documents
ALAPPUZHA
BOARD OF DIRECTORS
Mr. Dilip Thomas (Chairman)
Mrs. Priyalatha Thomas (Managing Director)
Mr. K.C Eapen
Mr. K.S Manian
Mr. K.Suresh (Joint Managing Director)
Mr. Sanjeev Mehera
AUDIT COMMITTEE
Mr. Sanjeev Mehera
Mr. K.S Manian
Mr. K.C Eapen
Contents
Page No.
Notice to Shareholders
Directors Report
17
21
23
Compliance Certificate
32
Auditors Report
38
Chartered Accountants
Balance Sheet
42
43
44
Notes on Accounts
46
Financial Highlights
69
Mr. K.Suresh
COMPANY SECRETARY
Mr. Manu P Sam
AUDITORS
Suri & Co.
BANKERS
Bank of Baroda
NOTICE TO SHAREHOLDERS
NOTICE is hereby given that the SEVENTY SEVENTH ANNUAL GENERAL MEETING of the Company will be held at
the Registered Office, at W-21/674, Beach Road, Alappuzha-688 012, at 11.00 A.M. on Friday, the 19th September,
2014 to transact the following business:
Ordinary Business:
1. To receive, consider and adopt the financial statements of the Company for the year ended March 31, 2014, the
reports of the Board of Directors and Auditors thereon.
2. To declare dividend on equity shares. The Directors have recommended a dividend of Rs.10/- per Equity Share
(100%);
3. To appoint a Director in place of Mr. K..C.Eapen, (DIN:00556612) who retires by rotation and being eligible has
offered himself for re-appointment.
4. To consider and, if thought fit to pass, with or without modification(s), the following resolution as an Ordinary
Resolution:
RESOLVED:That pursuant to the provisions of Section 139 and other applicable provisions, if any, of the Companies
Act, 2013 and the Rules framed thereunder, as amended from time to time, M/s. Suri & Co, Chartered
Accountants (Registration No. 004283S), be and is hereby re-appointed as Auditors of the Company to
hold office from the conclusion of this Annual General Meeting (AGM) to the conclusion of the 80th AGM
of the Company to be held in the year 2017 (subject to ratification of the appointment by the members
at every AGM), at such remuneration plus service tax, out of pocket and travelling expenses as may be
mutually agreed between the Board of Directors of the Company and the Auditors.
SPECIAL BUSINESS:
5. To consider and, if thought fit to pass, with or without modification(s), the following resolution as a Special Resolution:
RESOLVED: That consent and /or approval be and is hereby accorded , pursuant to Section 196 and other
applicable provisions, if any, of The Companies Act, 2013, read together with Part I of Schedule V of
the said Act, (including any statutory modifications and / or re-enactments thereof , for the time being
in force) (a) to determine the existing tenure of Mrs.Priyalatha Thomas as Whole-time Director designated
as Executive Director of the Company as at the closing hours of 31st May, 2014 and (b) appoint
Mrs.Priyalatha Thomas (DIN : 00052237) as Managing Director of the Company for a period of three
years, commencing from 1st June, 2014 and ending on 31th May, 2017, who shall not during the tenure
of office be subject to retirement by rotation and shall not be taken into account for the purpose of
computing one third of the total number of Directors liable to retire by rotation under Section 152 of The
Companies Act, 2013.
6. To consider and, if thought fit to pass, with or without modification(s), the following resolutions as Special Resolutions:
(i) RESOLVED:That consent and/or approval be and is hereby accorded by the shareholders , pursuant to Sections
197 and other applicable provisions, if any, of The Companies Act, 2013, read together with Section II
in Part II of Schedule V of the said Act, (including any statutory modifications and/or re-enactments
thereof for the time being in force), Mrs.Priyalatha Thomas on her appointment as Managing Director of
the Company for a period of three years from 1st June, 2014 and ending on 31st May, 2017 be and is
hereby remunerated, without entitlement to sitting fees, by way of monthly salary and allowances,
perquisites and/or benefits as may be determined by the Board and/or Remuneration Committee
thereof within the ceiling limit as applicable and prescribed in Paragraph (A) in Section II in Part II of
Schedule V of the said Act, or such other ceiling limits as may be statutorily applicable from time to
time, computed with reference to Effective Capital of the Company, notwithstanding the fact that the
Company has no profits and/or its profits are inadequate in any financial year during the tenure of her
appointment commencing from 1st June, 2014 and ending on 31st May, 2017.
2
Chennai
7th August, 2014
DOB#
Dividend
Bank Details#
* Members who have not updated their PAN with the Company are requested to use the first two letters of your
name and the sequence number in the PAN field. Eg. If your name is Ramesh Kumar with sequence number 1 then
enter RA00000001 in the PAN field. (Sl. No. mentioned in your address label can be used as Sequence No. for this
purpose)
# Please enter any one of the details in order to login. In case either of the details are not recorded with the
company please enter the <Default Value> in the Dividend Bank details field.
(vii) After entering these details appropriately, click on SUBMIT tab.
(viii) Members holding shares in physical form will then reach directly the Company selection screen.
(ix) For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained
in this Notice.
(x) Click on <Company Name> on which you choose to vote.
(xi) On the voting page, you will see Resolution Description and against the same the option YES/NO for voting.
Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO
implies that you dissent to the Resolution.
(xii) Click on the Resolutions File Link if you wish to view the entire Resolutions.
Mr. V. Suresh, Practising Company Secretary (Membership No. FCS 2969) has been appointed as the Scrutinizer
to scrutinize the e-Voting process in a fair and transparent manner.
ii)
The Scrutinizer shall, within a period not exceeding three(3) working days from the conclusion of the e-Voting
period unblock the votes in the presence of at least two(2) witnesses not in the employment of the Company and
make a Scrutinizer's Report of the votes cast in favour or against, if any, forthwith to the Chairman of the Company.
iii)
The voting rights of shareholders shall be in proportion to their shares of the paid up equity share capital of the
Company as on 16th August, 2014.
iv)
The Results shall be declared at the AGM of the Company. The Results declared along with the Scrutinizer's Report
shall be placed on the Company's website www.rajagirirubber.com and on the website of CDSL within two(2)
days of passing of the resolutions at the AGM of the Company and communicated to the Stock Exchanges.
1.
2.
The Company is an existing Company, having commenced the business on 2nd June, 1937.
3.
4.
Income from operations during 2013-2014 was Rs.3103.16 lakhs and the operating profit before charge of
depreciation was Rs.270.97 lakhs against Rs.3403.28 lakhs and Rs.39.64 lakhs respectively in 2012-2013.
5.
The Company has not made any exports during 2013/14 and 2012/13 and no foreign investments are made by the
Company and the Company has not entered into any foreign collaborations.
6.
The Company has not made any default in repayment of its debts (including public deposits) or interest payable
thereon for a continuous period of thirty days in the preceding financial year.
II
1.
Mrs. Priyalatha Thomas, aged 54 years is a post graduate has been with the Company since 1998 as Director and
from 2005 as Executive Director of the Company . She is having good trade relations abroad besides fruitful
experience in the plantation Industry.
2.
Mrs. Priyalatha Thomas, Executive Director has been remunerated during the financial year ended 31st March,
2014 by the Company as detailed hereunder.
Salary
Rs.13,20,000
Mrs. Priyalatha Thomas has been entrusted with powers of management of General Administration and business
development subject to the superintendence control and directions of the Board of Directors and she is responsible
for the day to day management of the company.
4.
The Remuneration Committee of the Board has proposed managerial remuneration to Mrs. Priyalatha Thomas
within the ceiling limit of Rs.3,50,000/- (Rupees Three lakhs fifty thousand only) per month, as prescribed by
Paragraph (A) in Section II in Part II of Schedule V of the Companies Act, 2013 until otherwise determined by the
Remuneration Committee /Board during the tenure of her appointment commencing from 1st June, 2014 and
ending on 31st May, 2017.
5.
The proposed remuneration package with respect to the industry is not comparable, considering the nature of the
business operations carried on by the Company and its size . However, taking into consideration the profile of the
appointee and the responsibilities entrusted to her, the proposed remuneration is considered to be commensurate
with the remuneration packages given by other companies, though not in the same industry, to similar senior level
appointees
6.
Mrs. Priyalatha Thomas besides receiving remuneration for her services rendered as Managing Director does
not have any other pecuniary relationship with the Company and its managerial personnel.
III
OTHER INFORMATION
(1) In Plantation Industry Production of Rubber was satisfactorily better and the prices realised were marginally
higher. The production of Tea was lower however the prices realised were better. The prices realised in respect of
Cardamom was also lower.
(2) The Company has under taken various measures to improve profitability by effecting operational efficiencies,
besides implementing several cost reduction measures.
(3) The above measures, are expected to yield positive results in the coming years and lead to better financial
performances.
After the special resolutions are passed by the shareholders of the Company in the Annual General Meeting, the
Board of Directors of the Company shall enter into an agreement with the Managing Director Mrs. Priyalatha
Thomas incorporating therein the terms, conditions of her appointment and discharge of functions and duties and
for payment of remuneration to her. A copy of the draft agreement to be entered into with the Managing Director
is available for inspection during office hours on any working day at the Registered office of the Company.
Mrs. Priyalatha Thomas, is interested in the Special Resolutions relating to her appointment and to the extent of
remuneration from the Company . Chairman Mr.Dilip Thomas as husband of Mrs.Priyalatha Thomas is also interested
in the resolutions.
None of the other Directors/Key Managerial Personnel of the Company / their relatives is in any way is concerned
and/or interested, financially or otherwise in the Resolutions.
The Directors recommend the Special Resolutions in Item No.5 & 6 of the Notice for approval of the shareholders.
Item No. 7 & 8:
Mr.K.Suresh, Whole-time Director designated as Executive Director is in-charge of all the business operations of
the Company. Considering his rich experience and considerable knowledge in the plantations industry and his
contribution for the business development of the Company, the Board of Directors at their Meeting held on 7th
August, 2014 decided to appoint Mr.K.Suresh as Joint Managing Director for the period from 7th August, 2014
to 31st May, 2017 for further growth of the Company subject to the approval of the shareholders as required under
Section 196 read with Schedule V of The Companies Act, 2013, at the General Meeting for the appointment of the
Joint Managing Director. He is also appointed as Managing Director by the Board of Directors of The Highland
Produce Company Ltd., with effect from 1st August, 2012 for a period of five years.
10
1.
2.
The Company is an existing Company, having commenced the business on 2nd June, 1937.
3.
4.
Income from operations during 2013-2014 was Rs.3103.16 lakhs and the operating profit before charge of
depreciation was Rs.270.97 lakhs against Rs.3403.28 lakhs and Rs.39.64 lakhs respectively in 2012-2013.
5.
The Company has not made any exports during 2013/14 and 2012/13 and no foreign investments are made by the
Company and the Company has not entered into any foreign collaborations.
6.
The Company has not made any default in repayment of its debts (including public deposits) or interest payable
thereon for a continuous period of thirty days in the preceding financial year.
II
1.
Mr. K.Suresh aged 58 years, and a graduate in Commerce with PG Diploma in Advanced Marketing had held
middle and senior management positions with Hindustan Lever Ltd., Caltex and General Electrical Company
before he joined the Company as Chief Executive Officer on 1st February, 2003. He has rich experience in operations,
marketing, logistics and materials and general management, by holding extensive, multi-management and crossfunctional portfolios with tea plantations division of Hindustan Lever Ltd., his previous employer.
2.
Mr. K.Suresh , Executive Director / Joint Managing Director has been remunerated during the financial year ended
31st March, 2014 by the two companies The Rajagiri Rubber & Produce Company Limited and The Highland
Produce Company Limited as detailed hereunder.
11
3.
4.
The Highland
Produce Co. Ltd.
Rs.10,50,000
Rs.10,50,000
Rs. 2,83,500
Rs. 4,50,000
-------------------Rs.17,83,500
=======
Rs. 4,50,000
---------------------Rs. 17,83,500
========
Mr. K.Suresh has been entrusted with powers of management of all the business operations of the two Group
Companies, subject to the superintendence control and directions of the Board of Directors and he is responsible
for the day to day management of all the business operations.
The Remuneration Committee of the Board has proposed the following managerial remuneration to Mr. K.Suresh
effective from 1st June, 2014 to 6th August, 2014 as Executive Director and with effect from 7th August, 2014 to
31st May, 2017 as Joint Managing Director until otherwise determined by the Remuneration Committee /Board
within the ceiling limit of Rs.3,50,000/- (Rupees Three lakhs fifty thousand only) per month, as prescribed by
Paragraph (A) in Section II in Part II of Schedule V of the Companies Act, 2013 and shall be shared by this
company and The Highland Produce Company Limited in which Mr. K.Suresh is appointed as Managing Director,
in proportion at 40 % and 60% respectively and /or such other proportion as may be decided from time to time
by the Board /Remuneration Committee thereof of this Company and The Highland Produce Company Limited
during the tenure from 1st June, 2014 to 6th August, 2014 as Executive Director and with effect from 7th August,
2014 to 31st May 2017 as Joint Managing Director.
5.
The proposed remuneration package with respect to the industry is not comparable, considering the nature of the
business operations carried on by the Company and its size. However, taking into consideration the profile of the
appointee and the responsibilities shouldered by him, the proposed remuneration is considered to be commensurate
with the remuneration packages given by other companies, though not in the same industry, to similar senior level
appointees.
6.
Mr. K.Suresh besides receiving remuneration for his services rendered as Executive Director does not have any
other pecuniary relationship with the Company and its managerial personnel.
III
OTHER INFORMATION
(1) In Plantation Industry Production of Rubber was satisfactorily better and the prices realised were marginally
higher. The production of Tea was lower however the prices realised were better. The prices realised in respect of
Cardamom was also lower.
(2) The Company has under taken various measures to improve profitability by effecting operational efficiencies,
besides implementing several cost reduction measures.
(3) The above measures, are expected to yield positive results in the coming years and lead to better financial
performances.
However, operations in the plantations , being highly susceptible to the vagaries of climatic conditions, increase in
productivity and improved financial performances are not measurable with complete certainty.
After the Special Resolutions are passed by the shareholders of the Company in the Annual General Meeting, the
Board of Directors of the Company shall enter into an agreement with the Mr,K.Suresh incorporating therein the
12
13
Chennai
7th August, 2014
14
Name
Age
56 years
Qualification
Expertise
Other Directorships
Position held
Director
Director
Director
Name
Age
91 years
Qualification
Expertise
Other Directorships
A.V Thomas Exports Limited
Position held
Director
Name
Age
58 Years
Qualification
Expertise
Other Directorships
Position held
Managing Director
Director
Director
Director
Director
15
Name
Age
54 years
Qualification
M.A
Expertise
Other Directorships
Position held
Director
:
:
:
Director
Director
Director
Director
Additional Director
16
34,47,39,070
2,70,96,564
Depreciation
1,05,69,577
1,65,26,987
31,00,000
1,34,26,987
37,66,728
1,71,93,715
Appropriations:
Transfer to General Reserve
17,00,000
48,85,000
8,30,206
97,78,509
1,71,93.715
DIVIDEND
Your Directors are pleased to recommend dividend at Rs.10/- per Equity share (100%) on the paid up Equity Shares of
the Company out of the profits for the year ended 31st March 2014.
OPERATIONS
The Production of Rubber was satisfactorily better during the year and the prices realised were marginally higher when
compared to previous year.
Though the Production of Tea was lower the prices realised were better during the year.
The Production of Cardamom was comparatively better during the year but prices were lower during the year.
LAND MATTERS
The assignment of 3.52 acres of Kuthakapattam Land in Ambikonam Division of Shaliacary Estate is pending following
the rejection of the companys petition, by the Government. However, the Honourable High Court of Kerala has stayed
the Governments Order.
17
18
The annual accounts have been prepared by following the applicable accounting standards.
(ii) The accounting policies selected have been applied consistently and judgements and estimates that are reasonable
and prudent have been made 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 the financial year.
(iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with
the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and
detecting fraud and other irregularities.
(iv) The annual accounts have been prepared on a going concern basis.
SECRETARIAL COMPLIANCE CERTIFICATE
Pursuant to proviso to Section 383 A (1) of The Companies Act, 1956, certificate is obtained from a Secretary in Wholetime practice for filing with the Registrar of Companies and a copy of such certificate is attached to this Report.
COST AUDIT
As required under the Companies (Cost Accounting Records) Rules 2011, the Company filed the Cost Audit Report
along with Cost Compliance Report for the financial year 2012-13 in XBRL format.
The Board of Directors on the recommendation of the Audit Committee and subject to the ratification of payment by
the shareholders , had re-appointed M/s.Rajendran, Mani & Varier, Cost Accountants, Cochin to conduct the Cost
Audit for the financial year 2014-2015.
GENERAL
Your Directors take this opportunity to place on record their appreciation of the contribution made by the employees
at all levels to the operations of the Company. The Directors also thank the Bankers of the Company for the cooperation and assistance extended to your Company.
By Order of the Board
DILIP THOMAS
CHAIRMAN
Chennai,
7th August, 2014
19
8,63,173
54,23,756
6.28
32,682
2.50
29.63
2. Firewood
Quantity (Kgs.)
Total Cost (Rs.)
Average Cost (Rs.)
B.
26,12,000
60,59,639
2.32
8,22,163
8,95,855
1.09
3.18
DILIP THOMAS
Chairman and Managing Director
20
31.03.2014
Rs.Lakhs
31.03.2013
3103.16
3403.28
344.23
216.13
Total Income
3447.39
3619.41
Material Cost
670.47
1145.57
2445.27
2383.08
331.65
90.76
60.68
51.12
Depreciation
105.70
108.39
165.27
(68.75)
Sales
Other Receipts
Expenses
Profit before Interest and Depreciation
Interest
Financial Risk
22
g. Conduct themselves and their activities outside the company in such manner as not to adversely affect the image
or reputation of the company.
h. Not make improper use of information nor take improper advantage of their position.
i.
Maintain the confidentiality of information (price sensitive or otherwise) they receive while being an officer of the
Company.
j.
Treat all employees with dignity, respect and concern and treat them on parity at all times.
k. Be receptive to the problems of shareholders and customers and solve them in the best manner possible consistent
with the interest of the company.
l.
Bring to the attention of the Chairman or management, any sensitive information one may independently receive
which is relevant to the interest of the company.
All Directors and senior management personnel shall affirm compliance with this code on an annual basis.
1. BOARD OF DIRECTORS :
The Board of Directors of the Company, headed by an Executive Chairman consists of following six Directors, as
on 31st March,2014 categorised as under.
23
Executive Chairman
Promoter
b)
c)
Executive Directors
Promoter
Non Promoter
Disclosure of relationship between Directors Inter-Se ( Relatives within the meaning of Section 6 of the
Companies Act, 1956)
(i) Chairman and Managing Director Mr. Dilip Thomas is related to Executive Director Mrs. Priyalatha Thomas
(ii) Executive Director Mrs. Priyalatha Thomas is related to Chairman and Managing Director Mr. Dilip Thomas
3. Board Meetings
Number of Board Meetings held and the dates on which they were held
During the year 2013 2014, the Board met four times. The dates on which the meetings were held are as follows:
29.05.2013, 01.08.2013, 01.11.2013 05.02.2014.
24
Category
Mr.Dilip Thomas *
Mrs.Priyalatha Thomas *
Mr.K.Suresh *
Mr.K.S.Manian
Mr.K.C Eapen
Mr.Sanjeev Mehera
Chairman and
Managing
Director
No. of Board
Meetings
attended
Last AGM
attendance
(Yes / No)
No. of
Director-ships other than
The Rajagiri Rubber and
Produce Co. Ltd. and
Private Ltd Companies
No. of Membership in
Board Committee (Other
than The Rajagiri Rubber
and Produce Co. Ltd.)
Whether
Chairman /
Member
Yes
Seven
None
None
Executive
Director
No
Four
None
None
Executive
Director
Yes
Three
None
None
Non-Executive
Dirtector
No
One
None
None
Non-Executive
Director
No
One
None
None
Non-Executive
Director
No
One
None
None
* Mr.Dilip Thomas resigned as Managing Director of the Company after the close of the business on
31st May, 2014.
* Mrs.Priyalatha Thomas was appointed as Managing Director of the Company with effect from 1st June 2014.
* Mr.K.Suresh was appointed as Joint Managing Director of the Company with effect from 7th August, 2014
Shareholding of Non-Executive Directors as on 31.3.2014
Name of the Director
No. of Equity
Shares held
Percentage
Mr.K.S Manian
9252
1.89
Mr.K.C Eapen
95
0.01
Mr.Sanjeev Mehera
4. AUDIT COMMITTEE :
The Audit Committee consists of three members as on 31st March, 2014 viz; two Non Executive Independent
Directors and one Executive Director
Names of the Members :
Mr.Sanjeev Mehera (Chairman)
Mr.K.S Manian
Mr.K.Suresh
All members of the Audit Committee are financially literate.
The committee met four times on 29.05.2013, 01.08.2013, 01.11.2013, 05.02.2014.
25
Mr. K.Suresh
Remuneration
Rs.
Sitting Fees
Rs.
Contribution to PF
& Other Funds
Rs.
Total
Rs.
30,00,000
NA
9,35,000
39,35,000
13,20,000
NA
4,11,400
7,31,400
15,00,000
NA
2,83,500
17,83,500
Mr.K.C Eapen
N.A
30,000
N.A
30,000
Mr.K.S Manian
N.A
80,000
N.A
80,000
Mr.Sanjeev Mehera
N.A
80,000
N.A
80,000
Name
Mr.Dilip Thomas *
(Chairman and Managing Director)
Mrs.Priyalatha Thomas *
(Executive Director)
Mr.K.Suresh *
(Executive Director)
* Mr.Dilip Thomas resigned as Managing Director of the Company after the close of the business hours on
31st May, 2014. Mrs. Priyalatha Thomas was appointed as Managing Director of the Company on 1st June 2014.
Mr.K.Suresh was appointed as Joint Managing Director of the Company with effect from 7th August, 2014
26
Date
Time
2010 - 11
02.09.2011
11.00 AM
2011 - 12
- do -
14.09.2012
11.00 AM
2012 - 13
- do -
13.09.2013
11.00 AM
b.
Special Resolutions :
No Special Resolution was passed for the year 2012-13.
c.
Postal Ballot :
There were no resolutions requiring approval through Postal Ballot during the year
8. DISCLOSURES :
(i) Related party transactions during the year have been disclosed in notes forming part of accounts as required
under the Accounting Standard 18 issued by the Institute of Chartered Accountants of India. There were no
materially significant related party transactions with Directors / Promoters / Management which had potential
conflict with the interests of the Company at large.
(ii) There are no non-compliance by the Company and no penalties, strictures imposed on the Company by stock
Exchanges or SEBI or any statutory authority on any matter related to capital markets, during the last three
years.
(iii) There has been no pecuniary relationship or transactions between the Company and Non-Executive Directors
during the financial year 2012 -2013.
(iv) The Company is rigidly following the prescribed Accounting Standards in all respects. There is no deviation
whatsoever.
(v) As per Clause 49 (V) of the Listing Agreements, the Executive Director and the General Manager-(Finance) have
certified to the Board on their review of financial statements and Cash Flow statements for the year ended 31st
March, 2014 in the form prescribed by Clause 49 of the Listing Agreements.
(vi) WHISTLE BLOWER POLICY:
Presently, the Company does not have whistle blower policy.
27
(ii)
Financial Calendar
(iii)
(iv)
(v)
(vi)
Stock Code
(vii)
28
Shareholders
Number
Number
Upto 500
737
91.33
98406
20.14
501 1000
43
5.33
31659
6.48
1001 2000
17
2.11
24992
5.12
2001 3000
0.12
2400
0.49
3001 4000
0.12
3743
0.75
4001 5000
0.12
4024
0.82
5001 10000
0.12
9252
1.89
0.75
314024
64.29
807
100.00
488500
100.00
Percentage
240989
49.33
50354
10.31
NRIs
3465
0.71
Bodies Corporate
8023
1.64
Public
185669
38.01
TOTAL
488500
100.00
c. Dematerialisation of shares
The shares of the Company are not under compulsory dematerialization.
13. The Company has not issued any Global Depository Receipts / Warrants and Convertible Bonds.
29
NATURE OF PRODUCE
Chulika, Meppadi
Shaliacary, Punalur
Rajagiri, Koodal
DECLARATION
It is hereby declared that all the Board Members and Senior Management Personnel of the Company have affirmed to
and complied with the Code of Conduct laid down by the Company for the financial year 2013-2014
For THE RAJAGIRI RUBBER AND PRODUCE COMPANY LIMITED
Sd/- K.Suresh
Joint Managing Director
Chennai
7th August, 2014
30
Place : Chennai
Date : 29th May 2014
31
To
The Members of
The Rajagiri Rubber&Produce Company Limited
W-21/674, Beach Road.
Alleppey, Kerala , Pin:688012
We have examined the registers, records, books and papers of The Rajagiri Rubber and Produce Company Limited as
required to be maintained under the Companies Act, 1956, and the rules made there under and also the provisions
contained in the Memorandum and Articles of Association of the Company for the financial year ended on 31stMarch,
2014. In our opinion and to the best of our information and according to the examinations carried out by us and
explanations furnished to us by the company, its officers and agents, we certify that in respect of the aforesaid financial
year:
1.
The Company has kept and maintained all registers as stated in Annexure `A to this certificate, as per the provisions
and the Rules made there under and all entries therein have been duly recorded.
2.
The Company has duly filed the forms and returns as stated in Annexure `B to this certificate, with the Registrar of
Companies, Regional Director, Central Government, Company Law Board or other authorities within the time
prescribed under the Act and the rules made there under.
3.
The Company being Public Limited, provisions of Section 3(I) (iii) are not applicable
4.
The Board of Directors duly met four times respectively on 29/05/2013, 01/08/2013, 01/11/2013, 05/02/2014 in
respect of which meetings proper notices were given and the proceedings were properly recorded and signed in
the Minutes Book maintained for the purpose.
5.
The Company closed its Register of Members, from 03/09/2013 to 13/09/2013 and necessary compliance of
Section 154 of the Act has been made.
6.
The Annual General Meeting for the financial year ended on 31/03/2013 was held on 13/09/2013 after giving due
notice to the members of the company and the resolutions passed thereat were duly recorded in Minutes Book
maintained for the purpose.
7.
8.
The company has not advanced any loans to its Directors or persons or firms or companies referred to under
Section 295 of the Act during the financial year.
9.
The company has duly complied with the provisions of section 297 of the Act in respect of contracts specified in
that section.
10. The company has made necessary entries in the register maintained under Section 301of the Act wherever applicable.
11. As there were no instances falling within the purview of Section 314 of The Companies Act, 1956, the company has
not obtained any approval from the Board of Directors, Members or Central Government.
12. The Company has notissued any duplicate share certificates during the financial year.
32
The company has delivered all the certificates on lodgment thereof for transfer / transmission or any other
purpose in accordance with the provisions of the Act.
(ii) The company has deposited the amount of dividend declared in a separate bank account on 14/09/2013
which is within 5 days from the date of declaration of dividend.
(iii) The Company has paid / posted demand drafts/ dividend chequesto themembers with in a period of 30 days
from the date of declaration and that all unclaimed or unpaid dividend has been transferred to unpaid
dividend account of the Company with Bank of Baroda on 15/10/2013.
(iv) The Company has transferred the amounts in unpaid dividend account in respect of the year 2005-2006 which
have remained unclaimed/ unpaid for a period of seven years to Investor Education and Protection Fund on
18.10.2013.
(v) The company has duly complied with the requirements of Section 217 of the Act.
14. The Board of Directors of the company is duly constituted.There was no appointment of additional Director/
alternate Director or Director to fill casual vacancy during the year. However, Mr.Sanjeev Mehera was appointed as
the Director at the Annual General Meeting, liable to retire by rotation.
15. There was no appointment of Managing / wholetime Director during the year under review.
16. The company has not appointed any sole selling agent during the financial year.
17. The Company was not required to obtain any approvals from the Central GovernmentCompany Law Board,
Regional Director, Registrar and/or such authorities as per the provisions of the Act during the financial year.
18. The Directors have disclosed their interest in other firms/companies to the Board ofDirectors pursuant to the
provisions of the Act and the rules made thereunder.
19. The company has not issued any shares/debentures, during the financial year.
20. The company has not bought back any shares during the financial year.
21. There was no redemption of preference shares or debentures during the financial Year.
22. There were no transactions necessitating the company to keep in abeyance the rights to dividend, rights shares
and bonus shares pending registration of transfer of shares.
23. The company has complied with the provisions of Section 58A and 58AA read with Companies (Acceptance of
Deposits) Rules 1975/ the applicable Directions issued by the Reserve Bank of India or any other authority in
respect of deposits accepted, amounting to Rs.3,50,46,000/- raised by the company during the year and the
company has filed the text of advertisement as required, with the Registrar of Companies Kerala on 07/09/2013.
The Company has also filed the Return of Deposit with the Registrar of Companies Kerala on 28/06/2013.
24. The amounts borrowed by the company from Directors, Members, Public, Financial Institutions, Banks and others
during the financial year are within the borrowing limits of the company and that necessary resolutions as per the
Section 293(1) (d) of the Act have been passed in duly convened Annual General Meeting.
25. The company has made loans and investments in other bodies corporate in compliance with the provisions of the
Act and has made necessary entries in the register kept for the purpose. The company has not given guarantees
or provided securities to other bodies corporate.
26. The company has not altered the provisions of the Memorandum with respect to situation of the companys
Registered Office from one state to another during the financial year under scrutiny.
33
V.SURESH
PRACTISING COMPANY SECRETARY
C.P.NO.6032
34
u/s 209
PLACE: CHENNAI
DATE: 29.5.2014
V.SURESH
PRACTISING COMPANY SECRETARY
C.P.NO.6032
35
Filed u/s
Form 23C
233 B (2)
Form 62
Rule 58A
Form 62
For
Date filed
Whether
filed in time
19/06/2013
Yes
Return of Deposits
28/06/2013
Yes
07/09/2013
Yes
03/10/2013
Yes
Appointment of Director
Mr.Sanjeev Mehera
04/10/2013
Yes
Rule 4(4) of
Text of Advertisement
Companies
(Acceptance of
Deposits)
Rules 1975
Form 66
383A
Form 32
303 (2)
Form 20 B
159
11/11/2013
Yes
Form 5 INV
Rule 3 of the
IEPF Rules
2012
17/07/2013
Yes
Form 1
XBRL
209(1) (d)
27/09/2013
Yes
36
Filed u/s
Form 23 AC
and
Form 23ACA
XBRL
220
Form 1
For
Date filed
Whether
filed in time
12/10/2013
Yes
17/02/2014
Yes
PLACE: CHENNAI
DATE: 29.5.2014
V.SURESH
PRACTISING COMPANY SECRETARY
C.P.NO.6032
37
38
Since the Central Government has not issued any notification as to the rate at which the cess is to be paid under
section 441A of the Companies Act, 1956 nor has it issued any Rules under the said section, prescribing the
manner in which such cess is to be paid, no cess is due and payable by the Company.
For SURI & CO.
Chartered Accountants
Firm Regn.No.004283S
G. RENGARAJAN
Partner
Membership No. 219922
Place : Chennai
Date : 29th May 2014
39
(a) The Company has maintained proper records showing full particulars, including quantitative details and situation
of Fixed Assets.
b) Physical verification of major items of these assets has been conducted by the Management during the
financial year and no material discrepancies were noticed on such verification. In our opinion, procedures
followed by the management is reasonable having regards to the size of the Company and the nature of its
assets.
(c) No substantial part of Fixed Assets of the company has been disposed off during the year and therefore, do
not affect the going concern assumptions.
ii)
(a) Physical verification of inventory has been conducted by the Management at reasonable intervals.
(b) The procedures of physical verification of inventory followed by the Management are reasonable and
adequate in relation to the size of the Company and the nature of its business.
(c) The Company has maintained proper records of inventory and no material discrepancies have been noticed
on physical verification of inventory as compared to book records.
iii) (a) The Company has not granted any loans, secured or unsecured, to Companies, firms or other parties
covered in the register maintained under Section 301 of the Companies Act, 1956 and hence the
clauses (iii) (a), (b), (c) & (d) of the Order are not applicable.
(b) The company has taken unsecured loan from one of the director amounting to Rs. 10 Lakhs during the year.
The maximum amount outstanding during the year was Rs. 10 Lakhs and the year end balance is Rs. 10
Lakhs.
(c) The rate of interest and other terms and conditions on which the loan is taken are not, prima facie, prejudicial
to the interest of the Company.
(d) The Company is regular in repaying the principal amount and interest.
iv) In our opinion and according to the information and explanation given to us, there is an adequate internal control
system commensurate with the size of the Company and the nature of its business for the purchase of inventory,
fixed assets and for the sale of goods and services. We have not observed any major weakness in the internal
control system during the course of our audit.
v)
(a) In respect of the contracts or arrangements referred to in Section 301 of the Act, to the best of our knowledge
and according to the information and explanation given to us, the particulars of the contracts or arrangements
have been entered in the register required to be maintained under that Section.
(b) In our opinion and according to the information and explanations given to us, the transactions made in
pursuance of contracts or arrangements entered in the register maintained under section 301 of the Act and
exceeding the value of five lakh rupees in respect of any party during the year have been made at prices,
which are reasonable having regard to prevailing market prices at the relevant time.
vi) The Company has complied with the directives issued by the Reserve Bank of India and the provisions of Section
58A and 58AA or other provisions of the Companies Act, 1956 and the Companies (Acceptance of Deposits)
Rules, 1975 with regard to the deposits accepted from the public.
vii) The Company has an internal audit system commensurate with its size and nature of its business.
viii) We have broadly reviewed the books of account relating to materials, labour and other items of cost maintained
by the company pursuant to the Companies (Cost Accounting Records) Rules,2011 prescribed by the Central
Government for the maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956 and we are
of the opinion that prima facie the prescribed accounts and records have been made and maintained.
ix) (a) The Company is regular in depositing with appropriate authorities undisputed statutory dues including Provident
Fund, Investor Education and Protection Fund, Employees State Insurance, Income tax, Sales tax, Wealth tax,
Service Tax, Customs duty, Excise duty, Cess and other statutory dues applicable to it. No undisputed
statutory dues were outstanding as at the last day of the financial year for a period of more than six months
from the date they became payable.
40
Kerala General
Salestax Act &
Central Sales
Tax Act
KGST
AY 1983-84 & 1998-99
Amount
(Rs.)
79,400
CST
AY 1990-91 to 1994-95,
1996-97, 1998-99 to
2001-02, 2003-04
KGST
AY 1990-91, 1996-97,
1998-99 to 2000-01
Kerala Value
added Tax Act
x)
xi)
xii)
xiii)
xiv)
xv)
xvi
xvii)
xviii)
xix)
xx)
xxi)
KVAT AY 2005-06,
2006-07, 2008-09 to 2010-11
Forum where
dispute is pending
Kerala Agricultural
Income Tax & Sales Tax
Appellate
16,44,165
Deputy Commissioner
(Appeals)
7,29,245
Deputy Commissioner
(Appeals)
68,13,802
Deputy Commissioner
(Appeals)
The Company does not have accumulated losses at the end of the financial year. The Company has not incurred
any cash loss in the current financial year and in the immediately preceding financial year.
The Company has not defaulted in repayment of dues to banks/ financial institutions.
The Company has not granted any loans and advances on the basis of security by way of pledge of shares,
debentures and other securities.
The Company is not a Chit Fund or a Nidhi/Mutual Benefit Fund/Society.
The Company is not dealing or trading in shares, securities, debentures or other investments.
The Company has not given any guarantee for loans taken by others from banks or financial institutions.
The Company has applied the term loans for the purpose for which they were obtained.
According to the information and explanations given to us, no funds raised on short-term basis have been used for
longterm investment.
The Company has not made any preferential allotment of shares during the year.
The Company has not issued any debentures.
The Company has not raised any money by public issues during the year.
According to the information and explanations given to us, no fraud on or by the company has been noticed or
reported during the year.
For SURI & CO.
Chartered Accountants
Firm Regn.No.004283S
G. RENGARAJAN
Partner
Membership No. 219922
Place : Chennai
Date : 29th May 2014
41
As at 31-03-2014
Amount in `
As at 31-03-2013
48,85,000
49,36,62,225
48,85,000
48,59,08,442
49,85,47,225
49,07,93,442
62,29,953
2,908
7,96,205
1,07,65,511
2,908
5,75,483
70,29,066
1,13,43,902
3,81,32,633
3,22,42,526
1,79,90,593
3,06,56,435
3,84,58,727
95,92,152
8,83,65,752
7,87,07,314
59,39,42,043
58,08,44,658
13,00,00,772
15,02,75,655
89,45,627
11,90,87,099
14,38,44,954
99,66,551
28,92,22,054
27,28,98,604
13,34,09,480
3,07,49,193
1,53,40,245
1,37,10,510
11,15,10,561
14,32,96,860
2,88,79,295
1,16,72,188
1,93,04,753
10,47,92,958
30,47,19,989
30,79,46,054
59,39,42,043
58,08,44,658
2
3
4
5
6
7
8
9
TOTAL
II.
ASSETS:
(1) Non-Current assets:
(a) Fixed Assets
(i) Tangible Assets
(b) Non-current Investments
(c) Other non-current assets
10
11
12
13
14
15
16
17
TOTAL
Notes 1 to 17, Note 27 and Cash Flow Statement form part of this Balance Sheet
Vide our report of date attached
For SURI & CO.
Chartered Accountants
Firm Regn.No.004283S
G. RENGARAJAN
Place : Chennai
Partner
Date : 29th May 2014 Membership No. 219922
DILIP THOMAS
Chairman and Managing Director
42
K.SURESH
Executive Director
Notes
I.
REVENUE:
Revenue from Operations:
Sale of Products
Other Income:
18
19
31,03,15,619
3,44,23,451
34,03,27,650
2,16,13,025
TOTAL
34,47,39,070
36,19,40,675
20
21
26
6,70,47,192
4,54,90,774
88,230
(27,23,000)
12,95,20,712
60,67,689
1,38,44,130
1,05,69,577
5,83,06,779
11,45,56,688
4,64,80,556
1,35,002
(89,74,000)
12,67,52,643
51,11,944
1,64,15,815
1,08,38,865
5,74,97,701
TOTAL
32,82,12,083
36,88,15,214
1,65,26,987
(68,74,539)
Nil
Nil
1,65,26,987
(68,74,539)
1,65,26,987
(68,74,539)
31,00,000
6,00,000
Nil
1,34,26,987
(74,74,539)
27.49
(15.30)
II.
V.
22
23
24
25
33,00,000
2,00,000
27 (4)
Notes 18 to 27 and Cash Flow Statement form part of this Statement of Profit and Loss.
Vide our report of date attached
For SURI & CO.
Chartered Accountants
Firm Regn.No.004283S
G. RENGARAJAN
Place : Chennai
Partner
Date : 29th May 2014 Membership No. 219922
DILIP THOMAS
Chairman and Managing Director
43
K.SURESH
Executive Director
(in `)
Previous Year
(in `)
1,65,26,987
(68,74,539)
1,08,38,865
47,09,947
(65,21,181)
2,99,292
4,25,000
325
(84,28,442)
51,11,944
48,04,806
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES
ADJUSTMENTS FOR :
Trade and other Receivables
Inventories
Trade Payables
Other Current Assets
2,13,31,793
(36,68,057)
(18,69,898)
(61,34,309)
(25,97,865)
(4,38,789)
46,72,285
(96,47,527)
(20,35,229)
(4,68,28,658)
(1,42,70,129)
70,61,664
(28,69,735)
(5,42,77,918)
(41,05,591)
41,91,929
Nil
(5,83,83,509)
Nil
41,91,929
(5,83,83,509)
(1,98,43,226)
(16,24,73,878)
20,28,173
17,36,76,446
31,24,000
(1,06,29,802)
66,31,325
17,90,945
Nil
(2,37,06,303)
(8,52,56,954)
25,26,477
11,03,94,054
51,64,550
(98,66,654)
55,75,067
14,93,794
(17,62,500)
(56,96,017)
45,61,531
44
(in `)
Previous Year
(in `)
1,14,73,000
87,29,000
Term Loan
(45,35,557)
(22,74,540)
Cash Credit
(39,96,802)
61,83,435
Interest Paid
(61,49,581)
(51,11,944)
(28,57,603)
(1,41,93,673)
(60,66,543)
(66,67,722)
(75,70,631)
(6,04,89,700)
(75,70,631)
(6,04,89,700)
(in `)
C. CASH FLOW FROM FINANCING ACTIVITIES
DILIP THOMAS
Chairman and Managing Director
45
K.SURESH
Executive Director
ACCOUNTING CONVENTION :
The Financial Statements have been prepared on the historical cost convention in accordance with the generally
accepted accounting principles and comply in all material respects with the accounting standards notified by
Companies (Accounting Standards) Rules, 2006 and the relevent provisions of the Companies Act 1956.
IMPAIRMENT OF ASSETS
The Company reviews the carrying amounts of its assets for any possible impairment at each balance sheet date.
An impairment Loss is recognized when the carrying amount of an asset exceeds its recoverable amount and the
impairment loss, if any, is recognised in the Statement of Profit & Loss.
BORROWING COSTS
Borrowing costs that are directly attributable to the acquisition/construction of the qualifying asset are capitalised
as a part of the cost of such asset, upto the date of acquisition/completion of construction.
Other borrowing costs are recognised as expense as and when incurred.
INVESTMENTS :
Long term Investments are stated at cost. Decline in value of long term investments, other than temporary, is
provided for. Current Investments are stated at lower of cost and fair value. Investment in Immovable properties is
stated at cost less depreciation.
INVENTORIES :
Inventories are valued at lower of cost on weighted average and net realisable value, after providing for obsolescence
wherever considered necessary. Cost includes taxes and duties (other than duties and taxes for which CENVAT /
VAT credit is available), freight and other direct expenses.
REVENUE RECOGNITION :
Revenue is recognised on their accrual and when no significant uncertainty on measurability or collectability
exists. Expenditure is accounted for on their accrual.
46
EMPLOYEE BENEFITS :
Gratuity liability, which is a defined benefit scheme and provision for leave encashment is accrued and provided for
on the basis of independent actuarial valuation based on projected unit credit method made at the end of each
financial year. Actuarial gains and losses are recognised in the Statement of Profit and Loss and are not deferred.
Retirement benefits in the form of Provident Fund, Family Pension Fund and Superannuation Schemes, which are
defined contribution schemes, are charged to the Statement of Profit and Loss of the year when the contribution to
the respective funds accrue.
10 GOVERNMENT GRANTS
Subsidies from government in respect of fixed assets are deducted from the cost of respective assets as and when
they accrue Subsidies related to revenue are recognised in the Statement of Profit and loss to match them with the
related costs which they are intended to compensate.
11 TAXES ON INCOME:
Provision for Income-Tax is made for both current and deferred tax. Provision for current income tax is made on the
assessable income at the tax rate applicable to the relevant assessment year. Deferred tax is accounted for by
computing the tax effect of the timing difference which arise during the year and reverse out in the subsequent
periods. Deferred tax is calculated at the tax rates substantively enacted by the Balance Sheet date. Deferred tax
assets are recognized only if there is a virtual certainty that they will be realised.
12 EXPENDITURE ON NEW PLANTING AND REPLANTING :
Direct expenditure on New Planting of different crops (other than minor produce) including upkeep and maintenance
expenditure on immature plants are capitalised under Development.
47
48
Amount in `
As at
31-03-2013
1,00,00,000
25,00,000
1,00,00,000
25,00,000
1,25,00,000
1,25,00,000
ISSUED:
5,06,000-Equity Shares of Rs.10/- each,
50,60,000
50,60,000
48,85,000
48,85,000
4,88,500
Nil
4,88,500
4,88,500
Nil
4,88,500
NOTE: 2
SHARE CAPITAL:
AUTHORISED :
10,00,000-Equity Shares of Rs.10/- each
2,50,000-6 % Cumulative Preference Shares of Rs.10/- each
RECONCILIATION OF SHARES:
Number of Equity Shares at the beginning of the year
Add/(Less) Shares issued/buyback etc.
Number of Equity Shares at the end of the reporting period
1,36,866
1,04,123
49,543
49
28.02
21.31
10.14
31.3.2013
No.of shares
% of holding
1,36,631
1,04,123
49,543
27.97
21.31
10.14
NOTE: 3
RESERVES AND SURPLUS:
CAPITAL REDEMPTION RESERVE:
As per last Balance Sheet
SHARE PREMIUM ACCOUNT:
As per last Balance Sheet
GENERAL RESERVE:
As per last Balance Sheet
Add: Sale proceeds of Rubber Trees
Rubber Rehabilitation Allowance
Transfer from Profit and Loss Account
As at
31-03-2014
Amount in `
As at
31-03-2013
22,60,000
22,60,000
7,83,672
7,83,672
48,08,40,044
47,90,98,042
1,34,26,987
37,66,728
(74,74,539)
1,48,48,870
1,71,93,715
73,74,331
17,00,000
48,85,000
7,50,000
24,42,500
8,30,206
4,15,103
97,78,509
37,66,728
49,36,62,225
48,59,08,442
47,90,98,042
31,24,000
75,47,804
17,00,000
49,14,69,846
1,06,29,802
SURPLUS
Profit/(Loss) for the period
Add: Surplus brought forward
APPROPRIATIONS:
Less: Transfer to General Reserve
Proposed Dividend on Equity Shares @ Rs.10/- Per share
(Previous year Rs.5/- per Share)
Provision for Tax on Dividend
Surplus/(Deficit)
50
Amount in `
As at
31-03-2013
57,10,380
71,38,980
Nil
1,46,000
Nil
3,58,677
Nil
9,69,182
Nil
3,96,886
Nil
5,45,032
4,27,919
11,20,354
Nil
90,400
91,654
Nil
62,29,953
1,07,65,511
Nil
Nil
2,908
2,908
2,908
2,908
NOTE: 4
LONG TERM BORROWINGS:
TERM LOANS FROM BANKS:
Secured against hypothecation of Stock-in-Trade, Standing crops,
Plant and Machinery and also Equitable Mortgage of the Estates
together with Buildings thereon
Repayable in 28 quarterly instalments starting
from June 2012 and last instalment falling due on June 2019
(Rate of Interest 11.75% per annum)
Secured against hypothecation of Vehicles
Repayable in 36 monthly instalments starting from August 2011
(last instalment July 2014) - Rate of Interest 11.75% per annum
Repayable in 36 monthly instalments starting from Dec 2011
(last instalment Nov 2014 ) - Rate of Interest 10.34% per annum
Repayable in 36 monthly instalments starting from Dec 2011
(last instalment Nov 2014) - Rate of Interest 10.11% per annum
Repayable in 36 monthly instalments starting from March 2012
(last instalment Feb 2015) - Rate of Interest 10.11% per annum
Repayable in 36 monthly instalments starting from April 2012
(last instalment March 2015) - Rate of Interest 10.11% per annum
Repayable in 36 monthly instalments starting from Nov 2012
(last instalment October 2015) - Rate of Interest 9.64% per annum
Repayable in 24 monthly instalments starting from September 2012
(last instalment August 2015) - Rate of Interest 14.25% per annum
Repayable in 24 monthly instalments starting from September 2013
(last instalment August 2016) - Rate of interest 13.00% per annum
NOTE: 5
OTHER LONG-TERM LIABILITIES
Trade payable
Others
51
NOTE:6
LONG TERM PROVISIONS
Provision for Employees Benefits - Leave Encashment
As at
31-03-2014
Amount in `
As at
31-03-2013
7,96,205
5,75,483
7,96,205
5,75,483
NOTE: 7
SHORT TERM BORROWINGS:
From Banks - Secured:
Cash Credit
Cash Credit from Bank:
Secured against hypothecation of Stock-in-Trade,
Standing Crops, Plant and Machinery and also
Equitable Mortgage of the Estates together with
Buildings thereon (Rate of Interest 11.75% Per annum)
21,86,633
61,83,435
10,00,000
Nil
3,49,46,000
2,44,73,000
3,81,32,633
3,06,56,435
29,96,145
3,35,290
Nil
55,650
29,97,221
3,35,290
81,892
1,74,857
48,47,220
2,40,08,221
59,51,258
2,89,18,209
3,22,42,526
3,84,58,727
46,360
29,81,518
25,518
7,61,522
48,85,000
8,30,206
92,47,509
24,42,500
4,15,103
59,47,509
1,79,90,593
95,92,152
52
53
21,72,01,228
19,50,85,621
Total
Previous Year
2,67,45,510
1,98,43,226
1,53,35,000
5,97,160
46,29,903
46,99,795
5,50,000
26,42,645
Nil
15,07,150
Nil
Nil
Deductions
21,72,01,228
23,23,44,659
6,81,89,334
2,83,27,448
35,30,955
7,05,21,681
4,11,64,822
2,06,10,419
As at
31.03.2014
9,14,03,520
9,81,14,129
Nil
1,61,62,183
33,34,128
5,41,57,358
2,44,60,460
Nil
Upto
31.03.2013
93,14,683
81,06,482
Nil
37,27,503
34,484
33,22,977
10,21,518
Nil
For the
Year
DEPRECIATION
26,04,074
38,76,724
Nil
23,69,579
Nil
15,07,145
Nil
Nil
Withdrawn
9,81,14,129
10,23,43,887
Nil
1,75,20,107
33,68,612
5,59,73,190
2,54,81,978
Nil
Upto
31.03.2014
*
The Company does not have any leased assets.
(**) Includes Rs.84,22,321/- and Rs.12,45,007/- respectively representing cost of land and building in joint ownership with other Companies,
the book value of which amounted to Rs. 84,22,321/- and Rs. 3,55,468/- respectively.
5,34,04,334
LIVESTOCK
NOTES :
3,03,72,933
VEHICLES
35,30,955
Nil
23,34,219
6,96,94,612
Nil
2,06,10,419
Additions
15,76,847
(**)
(**)
As at
01.04.2013
GROSS BLOCK
3,95,87,975
BUILDINGS
- FREEHOLD
Description
NOTE : 10
TANGIBLE ASSETS : *
11,90,87,099
13,00,00,772
6,81,89,334
1,08,07,341
1,62,343
1,45,48,491
1,56,82,844
2,06,10,419
10,36,82,101
11,90,87,099
5,34,04,334
1,42,10,750
1,96,827
1,55,37,254
1,51,27,515
2,06,10,419
As at
31.03.2013
NET BLOCK
Amount in
As at
31.03.2014
54
Amount
(In `)
21000
1
5000
1,600
750
800
1,500
63
168
320
2000
2,65,000
2,10,000
5,000
50,000
6,120
1,470
100
1200000 1,20,00,000
No. of
Shares/Bonds
(ii) UNQUOTED:
A.V.Thomas Investments Co. Ltd. *
Tea Serve (Face Value ` 5000 per share)
Dalp Trading and Manufacturing Limited *
Rajagiri Impex Limited *
AVTS2 Virtual Lifestyle Pvt Limited * #
I. SHARES IN COMPANIES:
a) PREFERENCE SHARES (Unquoted)
7% Cumulative preference Shares of
The Highland Produce Co. Ltd. *
(Redemption within 20 years)
b) EQUITY SHARES
(i) QUOTED:
(i)
Bayer Crop Science Limited
Periakaramalai Tea & Produce
Company Ltd
Tata Global Beverages Ltd.,
L J International Ltd *
A V Thomas & Company Ltd *
Description
As at 01-04-2013
NOTE : 11
NON-CURRENT INVESTMENTS : (AT COST)
150000
249999
No. of
Shares/Bonds
39,99,990
15,00,000
24,99,990
Amount
(In `)
Additions
No. of
Shares/Bonds
Amount
(In `)
Deductions
21000
1
5000
150000
249999
63
168
320
2000
100
1200000
42,64,990
2,10,000
5,000
50,000
15,00,000
24,99,990
6,120
1,600
750
800
1,500
1,470
1,20,00,000
Amount
(In `)
As at 31-03-2014
No. of
Shares/Bonds
(i)
55
4945
N H A I Bond
14,71,64,108
33,19,155
14,38,44,953
15,60,57,905
57,82,250
15,02,75,655
No. of
Shares/Bonds
Amount
(In `)
Deductions
(i)Face value of Equity Shares is ` 10/- each fully paid up, except for those shares where face value has been separately mentioned
2,04,73,010
12,66,84,978
2,44,73,000
13,15,78,785
31.03.2013
88,93,797
48,93,807
48,93,807
Amount
(In `)
6,120
31.03.2014
No. of
Shares/Bonds
6,120
14,38,44,953
82,08,000
49,45,000
32,63,000
12,33,65,823
4,30,10,131
1,94,69,113
3,19,27,120
3,22,78,614
33,19,155
10
Amount
(In `)
Additions
Total
3263
I R F C Bonds
IV. BONDS:
No. of
Shares/Bonds
Description
As at 01-04-2013
NOTE : 11
NON-CURRENT INVESTMENTS : (AT COST)
4945
3263
15,02,75,655
82,08,000
49,45,000
32,63,000
12,57,96,535
Nil
4,30,10,131
2,43,62,920
3,19,27,120
3,22,78,614
57,82,250
10
Amount
(In `)
As at 31-03-2014
No. of
Shares/Bonds
Amount in `
As at
31-03-2013
10,80,427
78,65,200
9,77,751
89,88,800
89,45,627
99,66,551
NOTE: 12
OTHER NON CURRENT ASSETS
Deposits
Prepaid Expenses
56
No. of
Shares/Units
Description
57
14,10,90,367
55,92,473
7,50,000
7,50,000
3,50,00,000
1,35,19,872
1,35,00,000
2,19,18,455
1,00,00,000
2,50,00,000
1,45,86,375
4,45,425
27,767
Amount
`
As at 01-04-2013
1000000
961158
1050175
720563
500000
1311112
1961
26643
800
4177403
15,35,80,081
1,00,00,000
1,60,45,000
1,60,45,000
92,00,000
50,00,000
1,31,59,723
50,00,000
2,69,52,929
1,00,00,000
10,250
59,790
4,21,07,389
Amount
`
Additions
No. of
Shares/Units
NOTE : 13
CURRENT INVESTMENTS (LOWER OF COST AND FAIR VALUE)
2,69,52,929
26643
16,12,60,968
10,208
1,00,00,000
2,19,18,455
1,00,00,000
2,50,00,000
7,53,818
4,45,425
27,767
4,76,99,862
7,50,000
7,50,000
1,69,52,504
Amount
`
996383
445
2191846
1000000
2500000
4732223
17295
49801
1691867
No. of
Shares/Units
Deductions
0
0
0
1801147
1351987
1350000
0
0
0
0
0
0
1000000
961158
1050175
720563
500000
314729
1961
0
800
0
No. of
Shares/Units
13,34,09,480
Nil
Nil
Nil
1,80,47,496
1,35,19,872
1,35,00,000
Nil
Nil
Nil
1,38,92,347
Nil
Nil
1,00,00,000
1,60,45,000
1,60,45,000
92,00,000
50,00,000
31,59,723
50,00,000
Nil
1,00,00,000
42
Amount
`
As at 31-03-2014
No. of
Shares/Units
14,10,90,367
Amount
`
As at 01-04-2013
58
13,34,09,480 14,32,96,860
31.03.2014 31.03.2013
13,34,09,480 14,32,96,860
15,35,80,081
14,32,96,860
15,35,80,081
Amount
`
Additions
No. of
Shares/Units
22,06,493
Brought forward
Description
NOTE : 13
CURRENT INVESTMENTS (LOWER OF COST AND FAIR VALUE)
3305
540
736
580
599
538
No. of
Shares/Units
16,34,67,461
22,06,493
5,40,641
5,09,216
3,97,221
3,27,462
1,67,075
2,64,878
16,12,60,968
Amount
`
Deductions
0
0
0
0
0
0
No. of
Shares/Units
13,34,09,480
0.0
Nil
Nil
Nil
Nil
Nil
Nil
13,34,09,480
Amount
`
As at 31-03-2014
Amount in `
As at
31-03-2013
NOTE: 14
INVENTORIES:
(Valued at lower of cost and net realisable value)
Finished goods
Stores and Spares
Nurseries
2,10,62,000
80,81,968
16,05,225
1,83,39,000
89,83,706
15,56,589
Total
3,07,49,193
2,88,79,295
Nil
Nil
19,55,578
19,55,578
Others
Unsecured, Considered good
1,53,40,245
1,16,72,188
Total
1,53,40,245
1,16,72,188
2,00,880
1,48,442
11,93,648
37,00,000
60,16,717
65,00,000
50,94,528
1,26,65,159
29,96,145
3,35,290
52,84,547
29,97,221
3,35,290
33,07,083
86,15,982
66,39,594
1,37,10,510
1,93,04,753
Nil
Nil
NOTE: 15
TRADE RECEIVABLES:
Outstanding for more than six months
from the date they become due for payment
Doubtful
Less: Allowance for bad and doubtful advances
Total
NOTE: 16
CASH AND CASH EQUIVALENTS:
Cash and Stamps on hand
Balances with Scheduled Banks
in Current account
in Deposit account
Total
Bank deposits with more than 12 months
59
NOTE: 17
SHORT TERM LOANS AND ADVANCES:
Unsecured, Considered good
Loans and advances due by Officers of the Company:
Others - Intercorporate Deposit
Interest accrued and due on investments
Advances recoverable in cash or in kind or for value to be received.
Deposits with NABARD
Tax payments pending adjustments
MAT Credit entitlement
As at
31-03-2014
Amount in `
As at
31-03-2013
97,500
2,00,00,000
51,09,395
1,85,46,640
6,30,60,284
1,09,000
2,00,00,000
31,03,928
1,70,92,739
6,30,60,284
44,96,742
2,00,000
14,27,007
Nil
11,15,10,561
10,47,92,958
Note :
Includes debts due by Private Limited Company in which there are common Directors
AVT Wood Products Pvt. Limited
3,26,720
Nil
12,17,154
Nil
3,10,553
Nil
18,54,427
Nil
60
NOTE: 18
SALE OF PRODUCTS:
Rubber
Tea
Cardamom
Minor Produce
Subsidy
NOTE: 19
OTHER INCOME:
Income from non-current Investments
Interest Received
From Banks
Others
Dividends from Current Investments
Livestock Receipts - Stake money and others
Profit on Sale of Current Investments
Profit on Sale of Assets
Rent Received
Miscellaneous Receipts
Provision no longer required written back
Compensation against rubber trees removed
by Power Grid Corporation
NOTE: 20
COST OF MATERIAL CONSUMED:
Raw Material Consumed
Latex Procured
Bought Leaf
NOTE: 21
OTHER MANUFACTURING EXPENSES:
Power and fuel consumed
Stores, spares, chemicals and packing materials consumed
Transport and Warehousing
Repairs - Plant and Machinery
Repairs - Buildings
61
(Amount in `)
For the year ended
31-03-2013
21,07,06,268
8,03,63,542
1,56,04,293
36,41,516
Nil
23,81,22,372
9,08,03,499
1,01,15,098
12,45,275
41,406
31,03,15,619
34,03,27,650
3,55,338
2,07,547
67,79,682
18,57,110
14,35,607
84,15,766
1,02,08,985
1,20,102
20,58,451
8,45,843
19,55,578
50,91,816
18,42,832
12,86,247
51,07,257
55,95,208
9,25,973
Nil
15,56,145
Nil
3,90,989
Nil
3,44,23,451
2,16,13,025
3,19,50,720
3,50,96,472
7,26,83,427
4,18,73,261
6,70,47,192
11,45,56,688
1,68,15,602
2,03,78,850
31,53,819
31,70,194
19,72,309
1,65,67,969
1,83,45,707
24,90,728
34,85,073
55,91,079
4,54,90,774
4,64,80,556
NOTE: 22
CHANGE IN INVENTORIES/STOCK-IN-TRADE:
OPENING STOCK :
Rubber
Tea
Cardamom
CLOSING STOCK :
Rubber
Tea
Cardamom
NOTE: 23
EMPLOYEE BENEFIT EXPENSES
Salaries and Wages
Contribution to Provident and other Funds
Provision for Gratuity (Refer Note No.27 (7))
Provision for Leave Encashment (Refer Note No.27 (7))
Welfare Expenses
NOTE: 24
FINANCE COSTS:
Interest
62
(Amount in `)
For the year ended
31-03-2013
1,22,12,000
40,21,000
21,06,000
67,09,000
19,25,000
7,31,000
1,83,39,000
93,65,000
1,03,08,000
76,87,000
30,67,000
2,10,62,000
1,22,12,000
40,21,000
21,06,000
1,83,39,000
(-) 27,23,000
(-) 89,74,000
11,04,52,728
1,02,73,464
29,81,518
2,41,564
55,71,438
11,03,69,463
1,07,39,065
7,61,522
(4,62,230)
53,44,823
12,95,20,712
12,67,52,643
60,67,689
51,11,944
NOTE: 25
LIVE STOCK EXPENDITURE:
Live Stock - Broodmares/Race Horses
Maintenance and other expenses
Less : Sale of horses, Profit/Loss on sale of horses
NOTE: 26
OTHER EXPENSES:
Rent and Amenities
Rates and Taxes
Brokerage and Commission
Repairs and Maintenance :Vehicles
Others
Printing and Stationery
Postage and Telephones
Legal Expenses
Directors Sitting Fees
Auditors Remuneration:
- For Audit
- For Certification / Tax Audit
- For Tax Representation
- For Travelling and other Expenses
- For Service Tax
Insurance
Advertisement
Bank Charges
Travelling Expenses
Bad & Doubtful debts written off
Assets discarded written off
Rubber Rehabilitation Allowance
Professional Fees
Miscellaneous Expenses
63
(Amount in `)
For the year ended
31-03-2013
1,49,29,130
(10,85,000)
1,59,90,815
4,25,000
1,38,44,130
1,64,15,815
2,53,500
25,59,932
14,91,932
2,53,000
26,23,662
17,15,296
39,48,306
11,47,069
6,77,374
18,36,788
1,43,536
1,90,000
46,79,913
8,08,995
5,36,437
13,56,975
92,736
1,90,000
7,00,000
1,60,000
2,35,000
98,500
1,47,517
9,11,220
33,20,068
1,19,936
2,14,89,063
19,55,578
Nil
75,47,804
39,69,334
54,04,322
6,00,000
1,81,000
2,50,000
1,13,000
1,41,399
8,93,336
57,26,000
3,06,379
2,08,41,152
Nil
325
47,09,947
50,32,450
64,45,699
5,83,06,779
5,74,97,701
Previous Year
Value in `
Value in `
3,19,50,720
3,50,96,472
100
100
7,26,83,427
4,18,73,261
100
100
6,70,47,192
(b) Stores and Spares
Indigenous
Imported
11,45,56,688
2,03,78,850
Nil
100
1,83,45,707
Nil
100
2,03,78,850
100
1,83,45,707
100
Previous
Year
(In `)
3,99,668
Nil
Nil
Nil
86,78,236
2,25,291
57,23,029
28,10,601
1,34,26,987
4,88,500
27.49
(74,74,539)
4,88,500
(15.30)
1,58,00,000
1,18,88,000
12,05,000
11,25,000
64
Gratuity Scheme: This is a funded defined benefit plan for qualifying employees for which, the Company makes
contribution to the Gratuity Fund managed by the Life Insurance Corporation of India. The scheme provides for
a lumpsum payment to vested employees at retirement, death while in employment or on termination of
employment. Vesting occurs upon completion of five years of service.
As at 31.03.2014
Gratuity
Leave
Encashment
(Funded Plan) (Non Funded Plan)
5,84,78,988
6,01,001
36,13,361
1,52,430
42,53,430
43,480
(1,12,82,701)
(1,21,758)
3,93,428
1,67,412
5,54,56,506
As at 31.03.2013
Gratuity
Leave
Encashment
(Funded Plan)
(Non Funded Plan)
4,31,14,832
10,63,231
36,19,087
1,28,940
34,54,946
79,146
(49,36,826)
(2,64,200)
1,32,26,949
(4,06,116)
8,42,565
5,84,78,988
6,01,001
Nil
5,75,75,829
Nil
Nil
1,21,758
(1,21,758)
Nil
51,25,000
(49,36,826)
(46,537)
Nil
2,64,200
(2,64,200)
Nil
5,24,74,988
Nil
5,77,17,466
Nil
The total expense recognised in the profit and loss account is as follows:
Current Service Cost
36,13,361
Interest Cost
42,53,430
Expected return on plan assets
(46,18,100)
Net Actuarial (gain) / loss recognised in the year
3,74,656
1,52,430
43,480
NA
1,67,412
36,19,087
34,54,946
(51,25,000)
1,32,73,486
1,28,940
79,146
NA
(4,06,116)
36,23,347
3,63,322
1,52,22,519
(1,98,030)
d)
(In `)
65
(Funded Plan)
f)
g)
Leave
Encashment
(Non Funded Plan)
6,01,001
3,63,322
1,21,758
As at 31.03.2013
Gratuity
(Funded Plan)
(1,44,60,997)
0
1,52,22,519
Leave
Encashment
(Non Funded Plan)
10,63,231
(1,98,030)
2,64,200
29,81,518
8,42,565
7,61,522
6,01,001
5,24,74,988
Not Applicable
5,77,17,466
Not Applicable
9.10%
9.00%
5.00%
NA
8.05%
8.00%
5.00%
9.30%
8.05%
8.00%
5.00%
NA
9.10%
9.00%
5.00%
8.75%
The estimates of future salary increases, considered in acturial valuation, take account of inflation, seniority,
promotion and other relevent factors such as demand and supply in the employment market.
h) The amount pertaining to defined benefit plan are as follows:
31.03.2014
31.03.2013
31.03.2012
31.03.2011
31.03.2010
5,54,56,506
5,24,74,988
(29,81,518)
3,93,428
18,772
5,84,78,988
5,77,17,466
(7,61,522)
1,32,26,949
(46,537)
4,31,14,832
5,75,75,829
1,44,60,997
(79,80,725)
(1,78,117)
4,77,05,391
4,89,48,620
12,43,229
42,16,206
(3,45,191)
4,34,30,813
4,22,10,380
(12,20,433)
38,02,224
(5,30,828)
The Company expects to fund ` 30.00 lakhs towards its Gratuity Plan during the year 2014-2015.
ii)
66
LAND:
a) The petition filed by the Company with the Government for assignment of Kuthakapattam land of 3.52 acres in
Shaliacary Estate of the Company planted in 1968, has been rejected by the Government vide order dated
21.12.2006.
The Company has challenged the order by filing a writ petition and an interim stay has been granted by the
Honourable High Court of Kerala
b) The order of the Taluk Land Board under the Kerala Land Reforms Act, 1963 requiring the Company to surrender
the alleged excess land of 290.85 acres (117.705 Hectares) in Chulika and erstwhile Poonoor Estates has been
confirmed by the High Court of Kerala vide judgement dated 24th May 2011 directing surrender of the entire
290.85 acres. Out of the above 290.85 acres, 200 acres forms part of forest land in Chulika Estate which was
already vested with the Government under a different Act.
The issue was concerning 90.85 acres (falling under survey No.2/1B of Raroth village) in erstwhile Poonoor
Estate. Since this part of the land is no more in our possession, the Taluk Land Board, Vythiri, Wayanad District,
directed us to surrender an equvalent extent of land in Chulika Estate vide order dated 22.05.2012. This order
has been challenged before the High Court of Kerala and is still pending.
c) During 1974-75 the Forest Department had vested 93.18 Acres (37.10 Hectares) falling as enclaves in blocks
within the planted area. The Companys application before the Forest Tribunal in OA No.94/1975 was dismissed
on 10.02 2009. The Management challenged this order before the Kerala High Court in Case No.MFA 284/2009
and the matter is pending.
In the year 2001, the Forest Department vested two blocks namely 108.67 Acres (43.8200 Hectares) and 21.45
Acres (8.650 Hectares). The Companys application before the Forest Tribunal, Kozhikode in OA 47 of 2001 was
dismissed on 29.2.2005.
The Management challenged this before the Kerala High Court. The Court decided that 21.45 Acres cannot be
vested as forest. The Forest Department filed a Review Petition (P No.599 of 2010) and the same was dismissed
by the Kerala High Court on 18.10.2010. The Management has written to the Forest Department to restore this
area. We were informed that the Forest Department has gone on appeal before the Supreme Court.
d) The dispute to title raised by Kerala Varma Raja as having Jenmam right on 250.00 acres (101.174 Hectares) in
the erstwhile Poonoor Estate,in a suit OS No.338/1993 in Sub Court, Kozhikode. The company claims fixity of
tenure under the Kerala Land Reforms Act which can only be decided by the Land Tribunal, Kozhikode, and they
seized of the matter in Case No.RC 3/2002. A Revenue Inspector was appointed to visit the estate and file his
report. The Revenue Inspector inspected the property on 29.6.2003 and has given a favourable report to the
Land Tribunal, Kozhikode. The Land Tribunal has to now hear the matter and pass appropriate order based on
the report of the Revenue Inspector,and the same is pending
e) Pending final decisions of the Courts, the financial liabilities, if any, of the Company are not ascertainable and
therefore not provided for in the accounts.
SEGMENT REPORTING:
The operations of the Company relate to Plantation crops, which is the significant business segment and therefore
no separate reporting is made.
INCOME
Sales
Dividend Received
Sale of Investments
(In `)
4,04,20,387
3,51,600
Nil
(In `)
Nil
Nil
Nil
(In `)
5,16,00,298
2,03,200
Nil
(In `)
Nil
Nil
8,25,000
EXPENDITURE:
Purchases
Commission paid
C & F Charges paid
Rent Paid
Interest paid
Sitting fees paid
Donations paid
Dividend Paid
Remuneration paid
1,05,106
9,13,053
1,92,322
13,500
Nil
Nil
10,00,000
5,20,615
Nil
Nil
Nil
Nil
Nil
16,40,278
Nil
Nil
7,40,240
74,49,900
79,223
8,75,363
2,24,266
13,000
Nil
Nil
20,00,000
25,46,900
Nil
Nil
Nil
Nil
Nil
9,13,133
20,000
Nil
34,18,275
65,00,300
OTHERS:
Loans taken
Loans repaid
Fixed deposits accepted/renewed
Purchase of Investments
Nil
Nil
Nil
39,99,990
10,00,000
Nil
95,00,000
Nil
Nil
Nil
Nil
Nil
60,00,000
60,00,000
1,06,50,000
Nil
71,09,559
Nil
Nil
2,11,50,000
44,61,156
Nil
Nil
1,06,50,000
Details of Transactions:
69
1,71,88,737
1,01,73,485
64,32,757
3,19,08,228
7,70,00,457
7,89,62,814
(68,74,539)
1,65,26,987
2006/2007
2007/2008
2008/2009
2009/2010
2010/2011
2011/2012
2012/2013
2013/2014
* Recommended
1,02,54,207
2005/2006
1,05,69,577
1,08,38,865
1,02,15,877
71,76,251
47,40,059
50,90,562
51,80,643
55,81,552
59,39,475
39,34,870
42,58,602
Depreciation
Written
off
Net Profit
before
taxation
2004/2005
Season
31,00,000
6,00,000
1,75,00,000
1,98,00,000
80,00,000
28,00,000
26,50,000
27,00,000
13,00,000
4,50,000
Provision
for
taxation
17,00,000
7,50,000
4,00,00,000
4,00,00,000
1,25,00,000
10,00,000
70,00,000
1,00,00,000
70,00,000
40,00,000
Allocation
to reserve
funds
49,36,62,225
48,59,08,442
49,79,95,241
13,45,13,392
8,86,19,019
6,95,06,953
6,87,19,486
6,51,84,137
5,35,21,355
4,60,21,071
Reserve
funds
todate
48,85,000
24,42,500
1,95,40,000
97,70,000
48,85,000
24,42,500
24,42,500
24,42,500
14,65,500
14,65,500
Amount
`
Equity Shares
DIVIDENDS PAID ON
100*
50
400
200
100
50
50
50
30
30
Shaliacary
Estate
Total
Rubber
Mature
Immature
Centrifuging Plant
Nurseries, Fuel Clearing, Minor Produce, Roads, Buildings, etc.
Total
199.55
421.97
621.52
92.49
137.88
230.37
3.52
3.52
23.23
52.90
76.13
315.27
616.27
931.54
During the year 2011/12 an area of 112.8575. Ha was sold from Rajagiri Estate.
Area as on 01.04.2014
CHULIKA ESTATE
(In Hectares)
TEA :
140.39
CARDAMOM :
214.00
60.60
414.99
70
ATTENDANCE SLIP
I hereby record my presence at the 77th Annual General Meeting of the Company at 11.00 A.M on Friday, the 19th
September 2014 at the Registered Office of the Company at W-21/674, Beach Road, Alappuzha-688012
Folio No
-------------------------------------------------------------------------------
-------------------------------------------------------
:
:
E-mail Id
Folio No
I/We, being the member (s) holding .. shares of the above named company, hereby appoint
1. Name
Address
E-mail Id
Signature
:
:
:
: ............ or failing him
2. Name
Address
E-mail Id
Signature
:
:
:
: ........ or failing him
3. Name
Address
E-mail Id
Signature
:
:
:
: ..........
as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 77th Annual General Meeting of
the Company, to be held on Friday, 19th day of September 2014 at 11.00 A.M at the Registered Office of the Company
at W-21/674, Beach Road, Alappuzha-688 012 and at any adjournment thereof in respect of such resolutions as are
indicated overleaf.
Signed this............... day of ................ 2014
Signature of shareholder
Affix
Revenue
Stamp
Resolution
Number
Resolution
Ordinary Business
1.
2.
3.
4.
Special Business
5.
6.
7.
8.
9.
10.
Ratification of Remuneration to
M/s Rajendran, Mani & Varier, Cost Auditors
11.
Vote (Optional)
For
Against
Abstain
THE RAJAGIRI
RUBBER AND PRODUCE COMPANY LTD.
77
th
ANNUAL REPORT & ACCOUNTS
2013 - 2014