Midland Rubber & Produce Co LTD 2014-15

THE MIDLAND RUBBER & PRODUCE
COMPANY LIMITED
78th Annual Report

2014 - 2015
SEVENTY EIGHTH ANNUAL GENERAL MEETING
Day
Friday
Date :
4th September, 2015
Time :
3.00 p.m.
Venue :
The Midland Rubber & Produce Co. Ltd.

27/1032, Panampilly Nagar, Kochi
Ernakulam - 682 036
THE MIDLAND RUBBER & PRODUCE COMPANY LIMITED

BOARD OF DIRECTORS
Mr. Ajit Thomas, Chairman
REGISTERED OFFICE
Mrs. Shanthi Thomas
No.27/1032, Panampilly Nagar

Kochi, Ernakulam - 682 036
Tel : 0484 - 2315312 Fax : 0484 - 2312541
E-mail : secmidland@vsnl.net
Website : www.midland-rubber.com
CIN : L25191KL1937PLC000691
Mr. S. Rajasekar, Managing Director

Mr. A.D. Bopana
Mr. B.B. Medaiah
Mr. M.M. Karunakaran
AUDIT COMMITTEE
Mr. A.D.Bopana, Chairman
Mr. B.B.Medaiah
Mr.M.M.Karunakaran
Mr.S.Rajasekar
AUDITORS
M/s. Suri & Co.
Chartered Accountants
No. 4, Chevaliar Shivaji Ganesan Salai
T. Nagar, Chennai - 600 017
BANKERS
Bank of Baroda.
ESTATES
Arnakal Estate, Arnakal P.O
Vandiperiyar - 685 533
Idukki District
Tel: 04869 252224
Perinaad Estate
Maniyaru P O
Via Vadasserikkara - 689 662
Pathanamthitta District
Tel: 04735 - 274246
CONTENTS
Page
Notice to the Shareholders
Directors Report
Independent Auditors Report
20
Accounts
23
Notes
25
Cash Flow Statement
46
NOTICE TO THE SHAREHOLDERS

Notice is hereby given that the SEVENTY EIGHTH
ANNUAL GENERAL MEETING of the Company will be
held at the Registered Office at No.27/1032, Panampilly
Nagar, Kochi, Ernakulam 682 036 at 3 P.M. on Friday,
the 4th day of September, 2015 to transact the following
business:
2. A person can act as proxy on behalf of members not

exceeding fifty and holding in the aggregate not more
than ten percent of the total share capital of the
Company carrying voting rights. A member holding
more than ten per cent of the total share capital of the
Company carrying voting rights may appoint a single
person as proxy and such person shall not act as proxy
for any other person or shareholder.
1. To receive, consider and adopt the Audited Balance Sheet

as at 31st March, 2015 and the Audited Profit and Loss
Account for the year ended 31st March, 2015 and the
Reports of Directors and Auditors thereon.
3. Corporate members intended to send their authorized

representatives to attend the meeting are requested to
send to the Company a certified copy of the board
resolution authorizing their representative to attend and
vote on their behalf at the meeting.
2. To declare Final dividend on Equity Shares.

3. To appoint a Director in place of Mrs.Shanthi Thomas
(DIN: 00567935) who retires by rotation and is eligible
for re-appointment.
4. The Register of Members and Share Transfer Books of

the Company will remain closed from August 29, 2015
to September 04, 2015, (both days inclusive).
4. To ratify the appointment of M/s. Suri & Co, Chartered

Accountants, Chennai, as Auditors of the Company and
to fix their remuneration and to pass the following
resolution as an Ordinary Resolution thereof:-
5. The dividend as recommended by the Board, if

approved at the meeting, will be payable to those
members, whose names appear in the Register of
Members as on August 28, 2015.
RESOLVED THAT pursuant to the provisions of Sections

139 & 142 of the Companies Act, 2013 and the Rules
made thereunder and pursuant to the resolution passed by
the members at the Annual General Meeting held on
September 04, 2014, the company hereby ratifies the
appointment of M/s. Suri & Co., Chartered Accountants,
Chennai (Firms Regn. No. 004283S), as the Auditors of
the Company, to hold office till the conclusion of the next
Annual General Meeting to be held in the calendar year
2016 on a remuneration of Rs. 7,00,000/- (Rupees Seven
lakhs only) plus applicable Service Tax, besides travelling
and other out of pocket expenses.
6. Members are requested to notify immediately, any

change in their addresses to the companys Share
Transfer Agent, M/s. Cameo Corporate Services Limited,
Subramanian Building, No. 1, Club House Road,
Chennai- 600 002.
7. Members are requested to lodge their e-mail IDs along
with their Name and Folio No. to Companys Share
Transfer Agent, M/s. Cameo Corporate Services Limited,
Subramanian Building, No.1, Club House Road,
Chennai - 600 002, Email :- investor@cameoindia.com
to enable the Company to send all future
communications including Annual Reports through
electronic mode.
On Behalf of the Board
Chennai
27.05.2015
Ajit Thomas
Chairman
8. The company has implemented electronic mode of

payment such as National Electronic Clearing Service
(NECS), National Electronic Fund Transfer (NEFT)
and Real Time Gross Settlement (RTGS) etc. for making
dividend payments to members. Members who have
not opted for NECS facility earlier are requested to fill
up the enclosed mandate form and forward the same to
M/s. Cameo Corporate Services Limited immediately
to avail the NECS facility; members who have already
opted the NECS facility may intimate M/s. Cameo
Corporate Services Limited, of any change in the bank
account details already furnished.
Notes:
1. A member entitled to attend and vote at the Meeting is
entitled to appoint a proxy to attend and vote on a poll
instead of himself and the proxy need not be a member
of the Company. The instrument appointing the proxy
should, however, be deposited at the registered office of
the Company not less than 48 hours before the
commencement of the meeting.
1
9. Shareholders who have multiple folios in identical

names or in joint names in the same order, are requested
to intimate to the Company these folios, to enable the
Company to consolidate all such shareholdings into one
folio.
members are entitled to receive such communication in

physical form, upon making a request for the same, by
post free of cost. For any communication, the
shareholders may also send requests to the Companys
share transfer agent email ID: investor@cameoindia.com.
10. Shareholders of the Company may avail the nomination

facility by executing the prescribed nomination form,
which can be obtained from the Registered Office of
the Company or from the companys Share Transfer
Agent.
15. The company has ceased to be a listed company with

Cochin and Madras Stock Exchanges, and has been
placed on the Dissemination Board of National Stock
Exchange of India Ltd. (NSE). NSE has allowed
buying and selling of shares of the company on the
Dissemination Board with effect from March 27, 2015.
11. The Company has appointed M/s Cameo Corporate

Services Limited, Subramanian Building, No.1, Club
House Road, Chennai 600 002 as its Registrar and
Share Transfer Agent. Shareholders may send their shares
for effecting transfers/ transmission to M/s Cameo
Corporate Services Limited.
16. Voting facilities

The Company is pleased to provide members the facility
to exercise their right to vote at the 78th Annual General
Meeting (AGM) by electronic means and the business
may be transacted through e-Voting Services provided
by Central Depository Services (India ) Limited (CDSL).
12. The Unpaid Dividend amounting to Rs. 2,20,935/for the year 2006-2007 had been transferred to the
Investor Education & Protection Fund. Dividend
declared for the year 2007-2008 remaining unpaid/
unclaimed over a period of 7 years will be transferred to
the above Fund during the year and no claim shall lie
against the Company on the said Fund, once it is
transferred. Members are advised to claim the unpaid
dividend, if any, immediately.
The facility for voting either through electronic voting

system or ballot or polling paper shall also be made
available at the meeting and members attending the
meeting who have not already cast their vote by remote
e-voting shall be able to exercise their right at the meeting.
Members who have cast their vote by remote e-voting
prior to the meeting may also attend the meeting but
shall not be entitled to cast their vote again.
13. Members are requested to submit attested copy of PAN

CARD of the transferee(s), surviving holder(s), legal
heir(s) and joint holder(s) in case of transfers, deletion of
name of deceased shareholder(s), transmission and
transposition of shares, in respect of shares held in physical
form, along with necessary documents at the time of
lodgement of request for transfer/transmission/
transposition
17. Instructions for members for voting electronically:(i) The voting period begins on September 01, 2015
9.00 AM and ends on September 03, 2015
5.00 PM. During this period shareholders of the
Company, holding shares in physical form, as on the
cut-off date (record date) i.e. August 28, 2015, may
cast their vote electronically. The e-voting module
shall be disabled by CDSL for voting thereafter
14. Members may also note that the Notice of the 78th
Annual General Meeting and the Annual Report for
2014-2015 will also be available on the Companys
website: www.midland-rubber.com for downloading.
The physical copies of the aforesaid documents will also
be available at the Companys Registered Office for
inspection during normal business hours on working
days. Even after registering for e-communication,
(ii) The shareholders should log on to the e-voting

website www.evotingindia.com.
(iii) Click on Shareholders.
(iv) Now Enter your User ID
a. Members holding shares in Physical Form should
enter Folio Number registered with the
Company
(v)
Next enter the Image Verification as displayed and

Click on Login.
(vi)
If you are a first time user follow the steps given

below:
(xi)
For members holding shares

in Physical form
PAN
(xii) Click on the RESOLUTIONS FILE LINK if

you wish to view the entire Resolution details.
Enter your 10 digit alpha-numeric *PAN

issued by Income Tax Department
(xiii) After selecting the resolution you have decided to

vote on, click on SUBMIT. A confirmation box
will be displayed. If you wish to confirm your
vote, click on OK, else to change your vote, click
on CANCEL and accordingly modify your vote.
Members who have not updated their

PAN with the Company are requested to
use the first two letters of their name and
the 8 digits of the sequence number in
the PAN field. Sequence number has been
provided as serial number in the address
label.
(xiv) Once you CONFIRM your vote on the

resolution, you will not be allowed to modify your
vote.
In case the sequence number is less

than 8 digits enter the applicable
number of 0s before the number after
the first two characters of the name in
CAPITAL letters. Eg. If your name is
Ramesh Kumar with sequence number
1 then enter RA00000001 in the PAN
field.
Dividend
Bank
Details
or
Date of
Birth
(DOB)
(xv) You can also take out print of the voting done by
you by clicking on Click here to print option on
the Voting page.
(xvi) Note for Non Individual Shareholders and
Custodians
Non-Individual shareholders (i.e. other than
Individuals, HUF, NRI etc.) and Custodian
are required to log on to www.evotingindia.com
and register themselves as Corporates.
Enter the Dividend Bank Details or Date

of Birth (in dd/mm/yyyy format) as
recorded in the company records in order
to login.
A scanned copy of the Registration Form

bearing the stamp and sign of the entity should
be emailed to helpdesk.evoting@cdslindia.com.
If both the details are not recorded with

the company please enter the Folio
number in the Dividend Bank details
field as mentioned in instruction (iv).
After receiving the login details a compliance

user should be created using the admin login
and password. The Compliance user would be
able to link the account(s) for which they wish
to vote on.
(vii) After entering these details appropriately, click on

SUBMIT tab.
The list of accounts linked in the login should

be mailed to helpdesk.evoting@cdslindia.com
and on approval of the accounts they would
be able to cast their vote.
(viii) Members holding shares in physical form will then

directly reach 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 the EVSN for the relevant <Company

Name-> on which you choose to vote.
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.
A scanned copy of the Board Resolution and

Power of Attorney (POA) which they have
issued in favour of the Custodian, if any, should
be uploaded in PDF format in the system for
the scrutinizer to verify the same.
iv) The Results shall be declared either by the Chairman

or by an authorized person of the Chairman and the
resolutions will be deemed to have been on the AGM
date subject to receipt of the requisite number of
votes in favour of the Resolutions. The AGM Results
declared alongwith the Scrutinizers Report shall be
placed on the Companys website www.midlandrubber.com and on the website of CDSL within
three (3) days of passing of the resolutions at the
AGM of the Company.
(xvii) In case you have any queries or issues regarding evoting, you may refer the Frequently Asked
Questions (FAQs) and e-voting manual available
at www.evotingindia.com, under help section or
write an email to helpdesk.evoting@cdslindia.com.
General Instructions
i) 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 eVoting period unblock the votes in the presence of
at least two(2) witnesses not in the employment of
the Company and make a Scrutinizers Report of the
votes cast in favour or against, if any, forthwith to
the Chairman of the Company.
On Behalf of the Board
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 the cut off date of
August 28, 2015.
Chennai
27.05.2015
Ajit Thomas
Chairman
D I R E C TO R S R E P O RT
Your Directors have pleasure in presenting the SEVENTY EIGHTH ANNUAL REPORT, with the Audited Accounts for the year
ended March 31, 2015.
FINANCIAL RESULTS
The standalone performance of the Company for the financial year ended March 31, 2015 is summarized below:
Amount Rs.
Particulars
2014 - 2015
Income from Operations

Other Income
Total Income
2013 - 2014
29,56,04,326
11,45,30,203
41,01,34,529
31,81,54,295
4,88,85,006
36,70,39,301
Profit before tax for the year

Less : Provision for taxation (inclusive of MAT credit utilized)
7,86,82,809
Nil
5,22,95,141
65,00,000
Profit after tax

Add : Adjustments relating to fixed assets
Add : Surplus brought forward from Previous year
7,86,82,809
(7,87,388)
45,52,637
4,57,95,141
Nil
1,15,17,908
Total Amount available for appropriation
8,24,48,058
5,73,13,049
Interim Dividend paid on equity shares @ 250%

(Rs. 25 per equity share on face value of Rs. 10/-)
97,27,088
Nil
Tax on Interim Dividend
19,44,846
Nil
5,00,00,000
3,00,00,000
Proposed Final Dividend on Equity Shares @ 250%

(Rs. 25 per equity share on the face value of Rs. 10/-)
97,27,088
1,94,54,175
Provision for tax on Final Dividend
19,80,206
33,06,237
Surplus carried to Balance Sheet
90,68,830
45,52,637
8,24,48,058
5,73,13,049
LESS :
Transfer to General Reserve
OPERATIONS REVIEW
TEA
current season is expected to be satisfactory, subject to normal

weather conditions.
The production during the year was 15.27 lacs Kgs with an
average yield of 3101 Kgs per hectare as against the last
years production of 13.66 lacs Kgs with an average yield of
2712 Kgs per hectare. Apart from this there is also a production
of 4. 50 lacs kgs (last year 7.14 lacs kgs) of bought leaf. The
sale average during the year was Rs. 97.69 per Kg. as against
the last years average at Rs. 109.09 per Kg. The crop for the
CARDAMOM
The production during the year was 56117 Kgs as against
the last years production of 60,471 Kgs. During the year
under report, the price of Cardamom was at Rs. 805.85 /per Kg. compared to the last years average of Rs. 654.05/per kg.
RUBBER
Production during the year under report was 2.50 lacs Kgs as
against the last years production of 2.76 lacs Kgs. The sale
average during the year was Rs.160.54 per kg. as compared
to the last years average of Rs. 208.55 /-.
the Companies Act, 2013. However the company is having

an Audit committee consisting of:Mr. A. D. Bopana (Chairman)
Mr. S. Rajasekar
Mr. M. M. Karunakaran
Mr. B. B. Medaiah
LAND MATTERS
As indicated in the Directors Report of previous years, the
claim before the Civil Court at Pathanamthitta for recovery
of possession of 432.26 acres of land, leased out to Perinad
Estate has now been dismissed by the Court on the ground
that the company enjoys fixity of tenure under the The Kerala
Land Reforms Act.
The Committee met four times during this financial year.

The dates on which the meetings were held are as follows:-
DIVIDEND
The company does not fall within the ambit of the provisions
of Section 177(9) of the Companies Act 2013 regarding
Vigil Mechanism.
29.05.2014, 07.08.2014, 12.11.2014 and 05.02.2015.
VIGIL MECHANISM / WHISTLE BLOWER

POLICY
Your Directors are pleased to recommend a final dividend of

250% (Rs.25 per share) on Equity Share Capital, for the year
ended 31.03.2015, amounting to Rs. 97,27,088/-, excluding
dividend tax. During the year, the Board declared an Interim
Dividend of 250% (Rs. 25 per share), amounting to Rs.
97,27,088/-, excluding dividend tax. The aggregate of
dividend declared during the year was 500% (Rs. 50 per
share) amounting to Rs. 194,54,176 excluding dividend
tax.
NOMINATION & REMUNERATION COMMITTEE

The Company is not required to constitute a Nomination
& Remuneration Committee under Rule 6 of the Companies
(Meetings of Board and its Powers) Rules, 2014 read with
Section 178 of the Companies Act, 2013.
PARTICULARS OF LOANS, GUARANTEE OR

INVESTMENTS
DE-LISTING OF SHARES
The Company has not given any loans or guarantees covered

under the provisions of Section 186 of the Companies Act,
2013.
The details of investments made by Company is given in the
Note nos. 7 & 8 to the financial statements.
Consequent to the exit of Cochin Stock Exchange Ltd. &

Madras Stock Exchange Ltd. (MSE), the company has ceased
to be a listed company. MSE has, vide its letter dated March
31, 2015 informed that the company has ceased to be a
listed company and has been placed on the Dissemination
Board of National Stock Exchange of India Ltd. (NSE)
and NSE has allowed buying and selling of shares of the
company on the Dissemination Board with effect from
March 27, 2015.
FIXED DEPOSITS
The Company is not accepting deposits and all deposits have
been repaid. As such there are no unclaimed deposits in the
books of the company as on March 31, 2015.
BOARD MEETINGS
The Board of Directors met four times during this financial
year. The dates on which the meetings were held are as
follows:29.05.2014, 07.08.2014, 12.11.2014 and 05.02.2015.
The intervening gap between the meetings was within the
period prescribed under the Companies Act, 2013.
DIRECTORS & KEY MANAGERIAL PERSONNEL
AUDIT COMMITTEE MEETINGS
Director retiring by rotation

In accordance with the provisions of Companies Act, 2013
and the Articles of Association of the Company,
Mrs. Shanthi Thomas, Director (DIN: 00567935) retires by
rotation at the 78th Annual General Meeting and being
eligible, offer herself for re-appointment.
The company is not required to constitute an Audit

Committee as per Rule 6 of the Companies (Meetings of
Board and its Powers) Rules, 2014 read with Section 177 of
The provisions of Companies Act, 2013 regarding the

appointment of Key Managerial Personnel are not applicable
to the company.
A certificate from the Auditors that they satisfy the conditions

prescribed under the Companies Act, 2013 and the Rules
made thereunder (including satisfaction criteria under Section
141 of the Companies Act, 2013) has been received from
them.
INFORMATION ABOUT THE FINANCIAL

PERFORMANCE/FINANCIAL POSITION OF
THE SUBSIDIARIES/ASSOCIATES/JV
The company has no subsidiary companies.
Details of financial performance/financial position of the
associate companies as required under first proviso to Section
129(3) of the Companies Act, 2013 read with Rule 5 of
Companies (Accounts) Rules, 2014 are annexed in Form
AOC 1 (Annexure 1).
AUDITORS REPORT
There are no qualifications or adverse remarks mentioned in
the Auditors report. The notes to accounts forming part of
financial statements are self-explanatory and needs no further
clarification.
CONSERVATION OF ENERGY
SECRETARIAL AUDIT
The company has taken adequate steps for conservation of

energy by utilizing alternate sources and by investing on
energy conservation equipments. The particulars prescribed
by the Section 134 (3) (m) of the Companies Act 2013, read
with Rule 8 of the Companies (Accounts) Rules, 2014 relating
to Conservation of Energy and Technology Absorption are
furnished in the Annexure 2 to this Report.
Secretarial Audit is not applicable as per Rule 9 of the

Companies (Appointment and Remuneration of Managerial
Personnel) Rules 2014 read with Section 204 of the
Companies Act, 2013.
COST AUDIT REPORT

The provisions of Cost Audit under Section 148 of the
Companies Act, 2013 are not applicable to the Company.
FOREIGN EXCHANGE EARNINGS AND

OUTGO
INTERNAL AUDITORS
During the year under review, there was no Foreign

Exchange Earnings. Total outgo on Foreign Exchange
amounted to Rs. 2,20,979/-. Details are set out in Note 24
of the Accounts.
During the year under review, M/s. Vasanthan Naresh &

Associates, Chartered Accountants, Coimbatore carried out
the internal audit of the company and submitted their reports.
PARTICULARS OF EMPLOYEES
The Company continues to carry adequate insurance coverage

for all assets.
INSURANCE
The information required under Companies Act 2013 and

pursuant to Rule 5 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 in respect
of employees of the Company is not applicable.
RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during
the financial year were on an arms length basis and were in
the ordinary course of business and that the provisions of
Section 188 of the Companies Act, 2013 are not attracted.
Details of the transactions are provided in Form AOC 2
which is attached as Annexure 3 to this report.
AUDITORS
In terms of the provisions of Section 139 of the Companies
Act, 2013 and the Rules made thereunder, M/s. Suri & Co.,
Chartered Accountants, Chennai - 600 017, (Firms
registration No. 004283S) were appointed as the Statutory
Auditors of the Company, to hold office from the conclusion
of the 77th Annual General Meeting (AGM) held on
September 04, 2014 until the conclusion of the fourth
consecutive AGM subject to ratification of the appointment
by the members at every AGM. Accordingly their
appointment needs to be ratified by the share holders in
every Annual General Meeting. Your directors recommend
ratifying their appointment at the forthcoming AGM.
SIGNIFICANT AND MATERIAL ORDERS

PASSED BY THE REGULATORS OR COURTS
There were no significant material orders passed by the
Regulators/ Courts which would impact the going concern
status of the Company and its future operations.
EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return
in Form MGT 9 is annexed (Annexure 4)
INDUSTRIAL RELATIONS
DISCLOSURE OF ACCOUNTING TREATMENT
During the year under review, your company enjoyed cordial
In the preparation of the financial statements, the Company

has followed the Accounting Standards referred to in Section
133 of the Companies Act, 2013. The significant accounting
policies which are consistently applied are set out in the
Note 1 to the Financial Statements.
relationship with workers and employees at all levels.
CORPORATE SOCIAL RESPONSIBILITY

The company does not fall within the ambit of the provisions
of Section 135 of the Companies Act 2013 regarding
DISCLOSURE UNDER THE SEXUAL

HARASSMENT OF WOMEN AT WORK PLACE
(PREVENTION,
PROHIBITION
AND
REDRESSAL) ACT, 2013
Corporate Social Responsibility.
STAKEHOLDERS RELATIONSHIP COMMITTEE

The Board has constituted a Stakeholders Relationship
The Company has in place an Anti Sexual Harassment Policy

in line with the requirements of the Act and that an Internal
Complaints Committee has been set up for redressal of
complaints and that all employees (permanent, contractual,
temporary, trainees) are covered under this policy.
Committee comprising of Mr.Ajit Thomas, as Chairperson,

Mrs. Shanthi Thomas and Mr.A.D.Bopana as Members of
the Committee. The Board has designated Mr.T.M.Hari
Kumar, General Manager - Finance of the Company as the
Compliance Officer.
During the year the company has not received any compliant
under Sexual Harassment of Women at the Workplace
(Prevention, Prohibition & Redressal) Act, 2013
RISK MANAGEMENT PLAN

Pursuant to Section 134 (3) (n) of the Companies Act, 2013
had laid down the procedures to inform Board members
DIRECTORS RESPONSIBILITY STATEMENT
about the risk assessment and mitigation procedures.
Pursuant to the requirement under Section 134 (3) ( c) of

the Companies Act, 2013, with respect to Directors
Responsibility Statement, it is hereby confirmed that:
Regarding the general risk, the company follows a minimal

risk business strategy as given below.
Particulars
Fixed Assets and
Current Assets
Financial Risk
Risk Minimizing steps
1. In the preparation of the accounts for the financial year

ended 31st March 2015, the applicable accounting
standards had been followed along with proper
explanation relating to material departures;
The company has taken adequate

insurance coverage of its fixed assets
and current assets which will
minimize the impact of another
event or development
2. 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 a
true and fair view of the state of affairs of the Company
at the end of the financial year and of the profit of the
Company for that period;
The company has a conservative

debt policy. The debt component
is very marginal
Mr. T.M.Harikumar, General Manager-Finance has been

assigned the task of informing the Board about the various
risks and its mitigation by the Company from time to time.
3. 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
At present the company has not identified any element of

risk which may threaten the existence of the Company.
preventing and detecting fraud and other irregularities;
ACKNOWLEDGEMENT
4. The Directors have prepared the accounts for the
The Directors sincerely acknowledge the contribution and

support from customers, shareholders, Central and State
Governments, Bankers, Securities Exchange Board of India,
Cameo Corporate Services Ltd., Registrar of Companies,
Kerala and other Government Authorities for the
co - operation and assistance provided to the Company.
The Directors also place on record their gratitude to the
employees for their continued support, commitment,
dedication and co - operation.
financial year ended 31st March 2015 on a going

concern basis.
5. The directors, had laid down internal financial controls
to be followed by the company and that such internal
financial controls are adequate and were operating
effectively.
6. The directors had devised proper system to ensure
For and on Behalf of the Board of Directors
compliance with the provisions of all applicable laws

and that such systems were adequate and operating
Chennai
27.05.2015
effectively.
Ajit Thomas
Chairman
10
Reason why the associate / joint venture

is not consolidated
Networth attributable to shareholding as

per latest audited Balance Sheet
Profit / Loss for the year
5.
6.
Total Networth of the company
ii.Not Considered in Consolidation
i. Considered in Consolidation
Description of how there is significant

influence
(iii) Extend of Holding %
(ii) Amount of Investment in

Associates / Joint Venture
No.
Share of Associate / Joint Venture held

by the Company on the year end
2.
(i)
Latest audited Balance Sheet Date
Name of Associates /
Joint Ventures
Sl.
No.
AVT McCormick
Ingredients
Private Ltd.
Midland
Natural
Pte Ltd
Midland Corporate
Advisory Services
Pvt. Ltd.
Midland
Latex
Products Ltd.
Sermatech
Private Ltd
33.33 %
90,20,000
2,00,000
32.89 %
25,00,000
2,50,000
50.00 %
29,96,400
2,49,700
1,11,509
23.86 %
11,15,090
More than 20% of the Total Share Capital of the Associate Concern is held by
The Midland Rubber & Produce Company Limited
27.08 %
5,85,00,000
58,50,000
26.00 %
8,17,59,000
6,63,000
1,72,77,40,360
51,02,53,720
Nil
50,53,43,974
73,87,63,145
11,08,72,434
Nil
20,00,81,685
3,79,36,196
- 24,88,132
Nil
1,26,45,378
69,29,194
- 14,39,744
Nil
22,79,340
9,57,585
- 1,20,291
Nil
4,78,792
- 4,56,297
- 1,08,874
Nil
- 1,08,874
27,03,29,431
21,78,90,662
Nil
7,02,85,652
Amendment to Companies (Accounts) Rules 2014 vide notification dated 14th October 2014 Consolidated Financial Statements is not
applicable for the Financial year 2014-15 in cases where the Company does not have a Subsidiary.
29.25 %
22,29,69,394
4,45,41,300
31st March 2014
Teleflex
Medical
Private Ltd.
Amt. in Rs.
ANNEXURE 1
31st March 2014 31st March 2014 31st March 2014 31st March 2014 31st March 2014 31st March 2014
AVT Natural
Products Ltd.
FORM AOC - 1
ANNEXURE- 2
Conservation of Energy
The information under Section 134 (3) (m) of the Companies Act, 2013 read with Rule 8 (3) of the Companies ( Accounts) Rules,
2014 for the year ended March 31, 2015 is given here below and forms part of the Directors Report.
A. CONSERVATION OF ENERGY
The Midland Rubber & Produce Company Ltd. is committed to conserve energy in all activities. We have been adopting energy
conservation measures for many years. The following energy saving measures have been adopted at Arnakal Tea factory:1. Firewood shed has been built to store 600 MT of firewood to improve fuel efficiency and calorific value to get required
temperature.
2. Installed EFF1 (Energy Efficient 1) motor in new conveyors to save power.
3. Installed an accoustic 320 KVA diesel generator to avoid noise pollution and to improve fuel efficiency.
4. To improve the fuel efficiency and to minimize the air pollution, a hot water generator was installed with an economizer.
5. Installed an Automatic Power Factor Control Panel (APFC) to improve the power factor.
6. By optimising the load in diesel generators with a common busbar resulted in saving of fuel.
The company has installed a new 320 KVA genset at Perinaad Estate, to improve fuel efficiency.
ANNEXURE- 3
Form AOC - 2
(Pursuant to clause (h) of sub-section (3) of Section 134 of the Companies Act 2013 and Rule 8(2) of the Companies (Accounts)
Rules, 2014)
Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in subsection (1) of Section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto
1. Details of contracts or arrangements or transactions not at arms length basis:
Company has not entered into any contract or arrangement or transaction with its related parties which is not at arms length during
financial year 2014 2015.
2. Details of material contracts or arrangements or transactions at arms length basis:
(a) Name(s) of the related party and nature of relationship:
(b) Nature of contracts/arrangements/transactions:
(c) Duration of the contracts / arrangements/transactions:
(d) Salient terms of the contracts or arrangements or transactions including the value, if any:
(e) Date(s) of approval by the Board, if any:
(f) Amount paid as advances, if any:
(Details are given in Annexure 3A )
For and on behalf of the Board of Directors
Ajit Thomas
Chennai
27.05.2015
Chairman
11
12
Common Control through
constitution of Board / Share holding
Midland Corporate Advisory Service Pvt. Ltd.
Teleflex Medical Private Ltd.
AVT McCormick Ingredients Private Ltd.

A. V. Thomas & Co. Ltd.
AVT Natural Products Ltd

Nature of Relationship
A. V. Thomas & Co. Ltd.
Name of the Company
Sale of Pepper
Sale of Latex
Professional
charges
Sale of Tea
Warehousing &
C & F Charges
Sale of Tea
Nature of
Transaction
Duration of
Transactions
On going transactions
FORM AOC - 2
88,86,150.00
1,94,23,004.00
8,98,880.00
96,600.00
6,04,059.00
8,45,20,391.00
Amount
Rs.
Market Rate
Market Rate
Market Rate
Market Rate
Market Rate
Market Rate
Salient
Terms
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Nil
Nil
Nil
Nil
Nil
Nil
Date of
Amount Paid
Approval by as Advance
the Board
if any
ANNEXURE 3 A
ANNEXURE 4
FORM MGT 9
EXTRACT OF ANNUAL RETURN
As on financial year ended on 31.03.2015
Pursuant to Section 92 (3) of the Companies Act, 2013 and Rule 12(1) of the Company
(Management & Administration) Rules, 2014.
I.
REGISTRATION & OTHER DETAILS:

1.
CIN
L25191KL1937PLC000691
2.
Registration Date
24/02/1937
3.
Name of the Company
The Midland Rubber & Produce Co. Ltd.
4.
Category/Sub-category of
the Company
Public Limited
5.
Address of the Registered office

& contact details
27/1032, Panampilly Nagar,

Ernakulam - 682036, Kerala
6.
Whether listed company
No
7.
Name, Address & contact details

of the Registrar & Transfer Agent,
if any.
Cameo Corporate Services Ltd. Subramanian Building,

1, Club House Road, Chennai 600 002
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10 %
or more of the total turnover of the company shall be stated)
Name and Description of main
NIC Code of the
S. No.
% to total turnover of the company
products / services
Product/service
1
Tea
01271
48.76
Cardamom
01283
11.99
Rubber
01291
8.73
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES S. No.
Name and Address of

the Company
CIN / GLN
Holding / Subsidiary
Associate
% of
Application
Shares held
Section
AVT Natural Products Ltd
L15142TN1986PLC012780
ASSOCIATECOMPANY
29.25
2(6)
Midland Natural Pte Ltd
201106323G
ASSOCIATECOMPANY
33.33
2(6)
Midland Corporate Advisory Services Pvt.Ltd U65993TN2005PTC055807
ASSOCIATECOMPANY
32.89
2(6)
AVT McCormick Ingredients Private Ltd
U51225TN1993PTC026433
ASSOCIATECOMPANY
27.08
2(6)
Midland Latex Products Ltd
U25199KL1984PLC013414
ASSOCIATECOMPANY
50
2(6)
Sermatech Private Ltd
U29119TN2002PTC048352
ASSOCIATECOMPANY
23.86
2(6)
Teleflex Medical Private Ltd
U33112TN1993PTC026049
ASSOCIATECOMPANY
26
2(6)
13
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
A) Category-wise Share Holding
Category of
Shareholders
No. of Shares held at the beginning of the

year[As on 31-March-2014]
Demat
Physical
Total
No. of Shares held at the end of the year

[As on 31-March-2015]
% of Total
Demat
Shares
Physical
% of Total
Shares
Total
% Change
during
the year
A. Promoter s
(1) Indian
a) Individuals / HUF
2,75,531
2,75,531
70.82
2,75,531
2,75,531
70.82
b) Central Govt
c) State Govt(s)
d) Bodies Corp.
e) Banks / FI
f) Any other
2,75,531
2,75,531
70.82
2,75,531
2,75,531
70.82
NRIs -Individuals
Other -Individuals
Bodies Corp.
Banks / FI
Any Other
Sub-total(A) (2)
Total shareholding of
Promoter(A) =(A)(1)+(A)(2)
2,75,531
2,75,531
70.82
2,75,531
2,75,531
70.82
a) Mutual Funds
b) Banks / FI
2949
2949
0.76
2949
2949
0.76
c) Central Govt
d) State Govt(s)
e) Venture Capital Funds
f) Insurance Companies
g) FIIs
h) Foreign Venture
Capital Funds
i) Others (specify)
Sub-total (B)(1):-
2949
2949
0.76
2949
2949
0.76
Sub-Total (A)(1)
(2) Foreign
B. Public Shareholding
1. Institutions
14
2. Non-Institutions
a) Bodies Corp.
i) Indian
1318
1318
0.34
1318
1318
0.34
i) Individual
shareholders
holding nominal
share capital upto
Rs. 1 lakh
1,05,348
1,05,348
27.08
1,05,348
1,05,348
27.08
ii) Individual
shareholders
holding nominal
share capital in
excess of Rs 1 lakh
Foreign Corporate Bodies
1350
1350
0.35
1350
1350
0.35
Foreign Nationals
425
425
0.11
425
425
0.11
Non Resident Indians
1912
1912
0.49
1912
1912
0.49
Trusts
250
250
0.06
250
250
0.06
Sub-total (B)(2):-
1,10,603
1,10,603
28.43
1,10,603
1,10,603
28.43
Total Public
Shareholding
(B)=(B)(1)+ (B)(2)
1,13,552
1,13,552
29.18
1,13,552
1,13,552
29.18
C. Shares held by
Custodian for
GDRs & ADRs
Grand Total (A+B+C)
3,89,083
3,89,083
100
3,89,083
3,89,083
100.00
ii) Overseas
b) Individuals
c) Others (specify)
B) Shareholding of PromoterSl.
No.
Shareholders
Name
Mr. Ajit Thomas
2
3
Shareholding at the beginning of the year

No. of
Shares
% of total % of shares
shares of the Pledged /
encumbered
company
to total shares
Shareholding at the end of the year

No. of
Shares
% of shares
% of total
shares of the Pledged /
encumbered
company
to total shares
% change in
shareholding
during the year
2,75,028
70.69
Nil
2,75,028
70.69
Nil
Nil
Mr. Dilip Thomas
257
0.07
Nil
257
0.07
Nil
Nil
Mrs. Lily Thomas
246
0.06
Nil
246
0.06
Nil
Nil
2,75,531
70.82
Nil
2,75,531
70.82
Nil
Nil
Total
15
C) Change in Promoters Shareholding (please specify, if there is no change) No change

Sl.
No.
Shareholding at the
beginning of the year
% of total
No of shares shares of the
Company
Name of the Share holder
Cumulative Shareholding
during the year
% of total
Company
MR. AJIT THOMAS

At the beginning of the year 01-Apr-2014
2,75,028
70.69
2,75,028
70.69
At the end of the Year 31-Mar-2015
2,75,028
70.69
2,75,028
70.69
257
0.07
257
0.07
257
0.07
257
0.07
246
0.06
246
0.06
246
0.06
246
0.06
MR. DILIP THOMAS
MRS. LILY THOMAS
D) Shareholding Pattern of top ten Shareholders:

(Other than Directors, Promoters and Holders of GDRs and ADRs):
Sl.
No.
Shareholding at the
% of total
Company
MR. ZIBI JOSE P P (Folio No. L0000805)

Purchase 22-Aug-2014
MR. ZIBI JOSE P P (Folio No. L0000946)
Purchase 11-Feb-2015
MR. MAHENRA GIRIDHARILAL (Folio Nos. L0000806,
L0000846, L0000847, L0000849 & L0000854)
MR. SIMIN FARDOON MAZDA
CENTBANK FINANCIAL & CUSTODIAL SERVICES LTD
(Folio Nos. 10000242 & 11000737)
MR. MICHAEL ARUL
16
during the year
% of total
Company
7231
50
7281
1.86
0.01
1.87
7231
7281
7281
1.86
1.87
1.87
0
100
100
0.00
0.03
0.03
0
100
100
0.00
0.03
0.03
4482
4482
1.15
1.15
4482
4482
1.15
1.15
3075
3075
0.79
0.79
3075
3075
0.79
0.79
1787
1787
0.46
0.46
1787
1787
0.46
0.46
1251
1251
0.32
0.32
1251
1251
0.32
0.32
Sl.
No.
10
Shareholding at the
% of total
Company
during the year
% of total
Company
MR. SUBBIAN. M
1200
0.31
1200
0.31
1200
0.31
1200
0.31
1072
0.28
1072
0.28
1072
0.28
1072
0.28
1050
0.27
1050
0.27
1050
0.27
1050
0.27
1250
0.32
1250
0.32
1250
0.32
1250
0.32
900
0.23
900
0.23
900
0.23
900
0.23
MR. DODDA GANGADHARIAH H H
THE CHRISTIAN MUTUAL INSURANCE CO LTD
MR. SRINIVASA KAMATH (Folio Nos. L0000783 & L0000831)
MR. AJO GEORGE
E) Shareholding of Directors and Key Managerial Personnel:

Sl.
No.
Shareholding at the
% of total
Company
Shareholding of each Directors and each key

Managerial Personnel
during the year
% of total
Company
MR.AJIT THOMAS
2,75,028
70.69
2,75,028
70.69
2,75,028
70.69
2,75,028
70.69
500
0.13
500
0.13
500
0.13
500
0.13
MR.B.B.MEDAIAH
MR.S.RAJASEKAR
17
F) INDEBTEDNESS - Indebtedness of the Company including interest outstanding/accrued but not due for payment.
Amt. in Rs.
Secured Loans
excluding deposits
Unsured
Loans
Total
Indebtedness
Deposits
Indebtedness at the beginning of the financial year

i)
Principal Amount
37,26,949
Nil
Nil
37,26,949
Nil
Nil
Nil
Nil
43,466
Nil
Nil
43,466
37,70,415
Nil
Nil
37,70,415
Nil
Nil
Nil
Nil
* Reduction
35,09,679
Nil
Nil
35,09,679
Net Change
35,09,679
Nil
Nil
35,09,679
2,60,736
Nil
Nil
2,60,736
ii) Interest due but not paid
Nil
Nil
Nil
Nil
iii) Interest accrued but not due
Nil
Nil
Nil
Nil
2,60,736
Nil
Nil
2,60,736
ii) Interest due but not paid

iii) Interest accrued but not due
Total (i+ii+iii)
Change in Indebtedness during the financial year
* Addition
Indebtedness at the end of the financial year

i) Principal Amount
Total (i+ii+iii)
V. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNELA. Remuneration to Managing Director, Whole-time Directors and/or Manager:
Sl.
No.
1
Name of MD / WTD / Manager Mr. S. Rajasekar
Particulars of Remuneration
Total Amount
Rs.
Gross salary
(a) Salary as per provisions contained in
section 17(1) of the Income-tax Act, 1961
18,00,000
(b) Value of perquisites u/s 17(2)

Income-tax Act, 1961
4,50,000
(c) Profits in lieu of salary under section 17(3)

Income- tax Act, 1961
Nil
Stock Option
Nil
Sweat Equity
Nil
Commission
- as % of profit
- others, specify
Nil
Others, please specify - P.F & Gratuity
2,91,000
Total (A)
25,41,000
Ceiling as per the Act
5% of net profit as per Section 197 of the Companies Act, 2013
18
B. Remuneration to other directors

Sl.
No.
Particulars of
Remuneration
Independent Directors
Total
Amount
Name of Directors
NOT APPLICABLE
Fee for attending

board & committee
meetings
Commission
Others, please specify:Total (1)
2
Other Non-Executive
Directors
Mr. Ajit Thomas Mr.S.Rajasekar Mrs. Shanthi Thomas Mr. A.D.Bopana
Fee for attending board

& committee meetings
Mr. B.B. Medaiah
Mr. M.M. Karunakaran
45,000
60,000
2,35,000
40,000
30,000
Commission
Others, please specify
40,000
30,000
45,000
60,000
2,35,000
Total (2)
60,000
60,000
Total (B)=(1+2)
2,35,000
Total Managerial
Remuneration A + B
27,76,000
Overall Ceiling
as per the Act
NOT APPLICABLE
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

NOT APPLICABLE
VI. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type
Section
Brief Description
Details of Penalty/
Punishment /
Compunding fees
imposed
Authority
[RD / NCLT /
COURT]
Appeal made,
if any
(Give Details)
A. COMPANY
Penalty
Regulation 11 (2)
of SEBI (Substantial
Acquisition of Shares
and Takeovers)
Regulations, 1997
Adjudication order no.

CFD/AVT/AO/DRK-AKS/
EAD3-591-594/135-138-2014
dated September 16, 2014,
received from Securities and
Exchange Board of India
(SEBI)
Rs. 40 lakhs
B. DIRECTORS
- NOT APPLICABLE
C. OTHER OFFICERS IN DEFAULT
- NOT APPLICABLE
19
SEBI
N.A.
I N D E P E N D E N T AU D I TO R S R E P O RT
To the members of The Midland Rubber & Produce Company Limited
Report on the Standalone Financial Statements
An audit involves performing procedures to obtain audit

evidence about the amounts and the disclosures in the
financial statements. The procedures selected depend on the
auditors judgment, including the assessment of the risks of
material misstatement of the financial statement, whether
due to fraud or error. In making those risk assessments, the
auditor considers internal financial control relevant to the
Companys preparation of the financial statements that give
a true and fair view in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose
of expressing an opinion on whether the Company has in
place an adequate internal financial controls system over
financial reporting and the operating effectiveness of such
control. An audit also includes evaluating the appropriateness
of the accounting policies used and the reasonableness of the
accounting estimates made by the Companys Directors, as
well as evaluating the overall presentation of the financial
statements.
We have audited the accompanying standalone financial

statements of The Midland Rubber & Produce Co.Ltd
(the Company) which comprise the Balance Sheet as at
31-Mar-2015, the Statement of Profit and Loss, the Cash
Flow Statement for the year then ended, and a summary of
the significant accounting policies and other explanatory
information.
Managements Responsibility for the Standalone Financial
Statements
The Companys Board of Directors is responsible for the
matters stated in Section 134 (5) of the Companies Act,
2013 (the Act) with respect to the preparation of these
standalone financial statements that give a true and fair view
of the financial position, financial performance and cash flows
of the company in accordance with the accounting principles
generally accepted in India, including the Accounting
Standards specified under Section 133 of the Act, read with
Rule 7 of the Companies (Accounts) Rules, 2014. This
responsibility also includes maintenance of adequate
accounting records in accordance with the provisions of the
Act for safeguarding the assets of the Company and for
preventing and detecting frauds and other irregularities;
selection and application of appropriate accounting policies;
making judgments and estimates that are reasonable and
prudent; and design, implementation and maintenance of
adequate internal financial controls, that were operating
effectively for ensuring the accuracy and completeness of the
accounting records, relevant to the preparation and presentation
of the financial statements that give a true and fair view and
are free from material misstatement, whether due to fraud or
error.
We believe that the audit evidence we have obtained is

sufficient and appropriate to provide a basis for our audit
opinion on the standalone financial statements.
Opinion
In our opinion and to the best of our information and
according to the explanations given to us, the aforesaid
standalone financial statements give the information required
by the Act in the manner so required and give a true and fair
view in conformity with the accounting principles generally
accepted in India, of the state of affairs of the Company as at
31-Mar-2015, and its Profit and its cash flows for the year
ended on that date.
Auditors Responsibility
Our responsibility is to express an opinion on these standalone
financial statements based on our audit.
We have taken into account the provisions of the Act, the
accounting and auditing standards and matters which are
required to be included in the audit report under the
provisions of the Act and the Rules made thereunder.
Report on Other Legal and Regulatory Requirements
We conducted our audit in accordance with the Standards

on Auditing specified under Section 143 (10) of the Act.
Those Standards require that we comply with ethical
requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements
are free from material misstatement.
20
As required by the Companies (Auditors Report) Order

2015 (the Order), issued by the Central Government
of India in terms of sub-section 11 of section 143 of the
Act, we give in the Annexure a statement on the matters
specified in paragraphs 3 and 4 of the said Order, to the
extent applicable.
2.
As required by Section 143(3) of the Act, we report

that:
f with respect to the other matters to be included in

the Auditors Report in accordance with Rule 11 of
the Companies (Audit and Auditors) Rules, 2014,
in our opinion and to the best of our information
and according to the explanations given to us:
i) The Company has disclosed the impact of
pending litigations on its financial position in
its financial statements - Refer Note 27(a) to
the financial statements;
ii) The Company did not have any long-term
contracts including derivative contracts for
which there were any material foreseeable losses;
iii) There has been no delay in transferring
amounts, required to be transferred, to the
Investor Education and Protection Fund by the
Company;
a. we have sought and obtained all the information

and explanations which to the best of our knowledge
and belief were necessary for the purposes of our
audit;
b. in our opinion proper books of account as required
by law have been kept by the Company so far as
appears from our examination of those books ;
c. the Balance Sheet, the Statement of Profit and Loss
and the Cash Flow Statement dealt with by this
Report are in agreement with the books of account;
d. in our opinion, the aforesaid standalone financial
statements comply with the Accounting Standards
specified under Section 133 of the Act, read with
Rule 7 of the Companies (Accounts) Rules, 2014;
e. on the basis of the written representations received
from the directors as on 31-Mar-2015, and taken
on record by the Board of Directors, none of the
directors is disqualified as on 31-Mar-2015 from
being appointed as a director in terms of Section
164 (2) of the Act.;
For SURI & CO.

Firm No.004283S
Chennai
27.05.2015
21
G. Rengarajan
Partner
Membership No. 219922
A N N E X U R E
To the Auditors Re port
i.
vii) (a) The Company is regular in depositing with

appropriate authorities undisputed statutory dues
including Provident 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.
(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.
(b) The details of disputed statutory dues.which have

not been deposited are as under:
Name of the
Statute
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.
Nature of
the dues
Amount
(Rs.)
Forum where dispute

is pending
Kerala General
Sales Tax Act
KGST & CST for

the Assessment years
1996 / 97 to
1999 - 2000
38,621
Deputy Commissioner
(Appeals)
Kerala General
Sales Tax Act
KGST & CST for

the Assessment years
2002 - 03 & 2004 - 05
20,39,151
Assistant
Commissioner
Kerala Value
Added Tax Act
KVAT 2005-06,
to 2010-11
41,06,060
Assistant
Commissioner
(c) The company is regular in transferring the amount

required to be transferred to Investor Education
and Protection Fund in accordance with the relevant
provisions of the Companies Act, 1956 (1 of 1956)
and rules made thereunder.
iii) The Company has not granted any loans, secured or

unsecured, to Companies, firms or other parties covered
in the register maintained under Section 189 of the
Companies Act, 2013 and hence the clauses (iii) (a) &
(b) of the order are not applicable.
viii) 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.
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) The Company has not accepted any deposits from the
public.
vi) 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,2014 prescribed by the
Central Government for the maintenance, of cost
records under sub-section (1) of section 148 of the
Companies Act, 2013 and we are of the opinion that
prima facie the prescribed accounts and records have
been made and maintained.
ix)
The Company has not defaulted in repayment of

dues to banks.
x)
The Company has not granted any guarantee for loans

and advances taken by other from banks or financial
institutions, hence Clause (x) of this order is not
applicable.
xi)
The Company has applied the term loans for the

purpose for which they were obtained.
xii)
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.

Firm No.004283S
Chennai
27.05.2015
22
G. Rengarajan
Partner
BALANCE SHEET
A s a t 3 1 s t M a r c h 2 0 15
Particulars
Figures as at the
end of 31.03.2015
Rs.
Figures as at the
end of 31.03.2014
Rs.
2
3
38,90,835
64,80,62,242
65,19,53,077
38,90,835
59,48,42,127
59,87,32,962
----2,42,245
2,42,245
32,05,150
--2,24,687
34,29,837
2,60,736
15,15,915
2,82,43,131
3,10,49,962
6,10,69,744
71,32,65,066
5,21,799
11,43,658
3,42,12,265
4,47,64,606
8,06,42,328
68,28,05,127
9,67,88,465
4,08,32,682
13,76,21,147
10,52,58,994
--10,52,58,994
39,18,44,803
13,20,950
39,31,65,753
39,22,27,464
12,07,945
39,34,35,409
8
9
10
11
12
7,68,41,451
2,86,36,130
84,83,879
1,51,25,777
5,22,73,579
11,17,350
18,24,78,166
5,20,68,060
3,43,19,670
1,19,94,193
2,55,31,248
5,88,41,875
13,55,678
18,41,10,724
71,32,65,066
68,28,05,127
Notes
I. EQUITY AND LIABILITIES

(1) Shareholders Funds
(a) Share Capital
(b) Reserves and Surplus
(2) Non
(a)
(b)
(c)
- Current Liabilities
Long - Term Borrowings
Other Long Term Liabilities
Long Term Provisions
(3) Current Liabilites

(a) Short - Term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short - Term Provisions
TOTAL
II. ASSETS
(1) Non - Current Assets
(a) Fixed Assets
(i) Tangible Assets
(ii) Capital Work in Progress
(b) Non - Current Investments
(c) Other Non - Current Assets - Deposits
(2) Current Assets
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash and Cash equivalents
(e) Short - Term Loans and Advances
(f) Other Current Assets - Accrued Income
Significant Accounting Policies
1
TOTAL
Notes 1 to 12 and Notes 22 to 35 and Cash Flow Statement form part of this Balance Sheet
Vide our report of date attached
For SURI & CO.
Firms Registration No. 004283S
For and on behalf of the Board
G. Rengarajan
Place : Chennai
Date : 27.05.2015
S. Rajasekar
Partner
Managing Director
23
Ajit Thomas
Chairman
STATEMENT OF PROFIT AND LOSS

Fo r t h e Ye a r E n d e d 3 1 s t M a r c h 2 0 15
Particulars
I
II
Revenue from Operations

Other Income
III Total Revenue
IV
Expenses
Cost of Material Consumed
Purchase of Traded goods
Increase (-) / Decrease (+) in Inventory
Other Manufacturing Expenses
Employee Benefits Expenses
Finance Cost
Depreciation and Amortisation Expense
Other Expenses
Total Expenses
V Profit before exceptional and extraordinary items and tax

VI Exceptional / extraordinary items
VII Profit Before Tax
VIII Tax Expense

Current Tax
Deferred Tax
IX Profit After Tax
X
Figures for the

Figures for the
year ended 31.03.2015 year ended 31.03.2014
Rs.
Rs.
Notes
Earnings per Share
13
14
(I + II)
29,56,04,326
11,45,30,203
41,01,34,529
31,81,54,295
4,88,85,006
36,70,39,301
15
16
17
18
19
20
2,76,83,481
67,015
63,67,000
6,76,94,474
16,99,05,383
6,99,531
1,60,34,454
4,30,00,382
33,14,51,720
5,89,36,510
1,63,619
(-) 1,37,21,000
6,24,92,582
16,11,56,518
9,67,842
1,12,90,560
3,34,57,529
31,47,44,160
(V - VI)
7,86,82,809
Nil
7,86,82,809
5,22,95,141
Nil
5,22,95,141
(VII-VIII)
Nil
Nil
7,86,82,809
65,00,000
Nil
4,57,95,141
202.23
202.23
117.70
117.70
21
(III-IV)
(+)
26
(1) Basic
(2) Diluted
Notes 1, 13 to 35 and Cash Flow Statement form part of this Statement of Profit and Loss
For SURI & CO.
G. Rengarajan
Place : Chennai
Date : 27.05.2015
S. Rajasekar
Partner
Managing Director
24
Ajit Thomas
Chairman
NOTES ON ACCOUNTS
for the year ended 31st March, 2015
NOTE : 1
A. ACCOUNTING POLICIES
I.
ACCOUNTING CONVENTION
The financial statements have been prepared on a going concern basis under the historical cost convention on accrual basis of
accounting in accordance with the generally accepted accounting principles, accounting standards notified under section 133
of the Companies Act 2013 read with Rule 7 of Companies (Accounts) Rules, 2014.
II.
FIXED ASSETS AND DEPRECIATION

a) Fixed Assets are stated at historical cost less depreciation. Cost includes, taxes and duties (but does not include taxes and
duties for which CENVAT / VAT credit is available), freight and other direct or allocated expenses during construction
period, net of any income earned. Assets acquired on Hire Purchase are capitalized at principal value
b) Depreciation on tangible fixed assets has been charged as per the useful life specified in Schedule II of Companies Act
2013, except Assets costing individually less than Rs.5,000/- which are depreciated at 100 %. The residual value is
considered at 5 % of the original cost of Fixed Assets. Depreciation for assets purchased/sold during the period is
proportionately charged.
c) Intangible assets amortized over their respective individual useful lives on straight line basis, commencing from the
date the asset is available to the company for its use. Depreciation and Amortization methods, useful lives and residual
value are reviewed periodically, including at each financial year end.
III. 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
recognized in the Statement of Profit and Loss.
IV.
BORROWING COSTS
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets are capitalised as part of
the cost of the asset, upto the date of acquisition/completion of construction. Other borrowing costs are recognised as expense
as and when incurred. A qualifying asset is an asset that necessarily requires a substantial period of time to get ready for its
intended use of sale.
V.
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.
VI.
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.
VII. REVENUE RECOGNITION

Revenue is recognized on accrual and when no significant uncertainty on measurability or collectability exists. Expenditure is
accounted for on their accrual.
SALE OF GOODS
Revenue from sale of goods is recognized when all the significant risks and rewards of ownership of the goods have been passed
to the buyer, usually on delivery of the goods. The company collects sales taxes and value added taxes (VAT) on behalf of the
government and, therefore, these are not economic benefits flowing to the company. Hence, they are excluded from revenue.
Excise duty deducted from revenue (gross) is the amount that is included in the revenue (gross) and not the entire amount of
liability arising during the year.
25
NOTES ON ACCOUNTS
NOTE : 1 (contd.)
INTEREST
Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest
rate. Interest income is included under the head other income in the Statement of Profit and Loss.
DIVIDENDS
Dividend income is recognized when the companys right to receive dividend is established by the reporting date.
VIII. 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 Super annuation Schemes, which are defined
contribution schemes are charged to the statement of Profit & Loss of the year when the contribution to the respective fund
accrues.
IX.
FOREIGN CURRENCY TRANSACTIONS

Foreign Currency Transactions are recorded at the rates of exchange in force at the time transactions are effected. In the case of
forward contracts, the difference between forward rate and exchange rate on the date of transaction is dealt with in the
Statement of Profit and Loss on the Completion of the transaction.Monetary items denominated in foreign currency and
outstanding at the Balance Sheet date are converted at the year end exchange rate and the resultant loss or gain is dealt with in
the Statement of Profit and Loss.
X.
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.
XI.
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 realized.
XII. EARNINGS PER SHARE

Basic Earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after
deducting preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during
the period. The weighted average number of equity shares outstanding during the period is adjusted for events such as bonus
issue, bonus element in a rights issue, share split, and reverse share split (consolidation of shares) that have changed the number
of equity shares outstanding, without a corresponding change in resources.
For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders
and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential
equity shares.
26
NOTES ON ACCOUNTS
NOTE : 1 (contd.)
XIII.
PROVISIONS
A Provision is recognized when the company has a present obligation as a result of past event, it is probable that an outflow
of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the
amount of the obligation. Provisions are not discounted to their present value and determined based on the best estimate
required to settle the obligation at the reporting date. These estimate are reviews at each reporting date and adjusted to reflect
the current best estimates.
XIV.
CONTINGENT LIABILITIES
A Contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence
or non-occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is
not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent
liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured
reliably. The company does not recognize a contingent liability but discloses its existence in the financial statements.
XV.
CONTINGENT ASSETS
Contingent Assets are neither recognised nor disclosed.
XVI.
EXPENDITURE ON NEW PLANTING

Direct Expenditure on new planting of different crops (other than Minor Produce) including upkeep and maintenance
expenditure on immature plants are capitalised under Development.
XVII. EXPENDITURE ON REPLANTING AND REHABILITATION OF RUBBER TREES

Direct Expenditure on replanting of Tea and Cardamom including upkeep and maintenance expenditure on immature
plants is charged to Statement of Profit and Loss with credit as to Subsidy on replanting of Tea and Cardamom as Revenue.
In case of Rubber, the said expenditure is debited to Reserve Account with Sale proceeds of old and uneconomical trees
uprooted for replanting and Subsidy on replanting credited to Reserve Account.
Provision for Rehabilitation of Rubber Trees, based on annual production of Rubber, after taking into consideration the
credits as to Sale proceeds of trees and subsidy on replanting, is charged to Statement of Profit and Loss by crediting
to Reserve Account.
XVIII. CASH FLOW STATEMENT
Cash Flow Statement is prepared segregating the cash flows from operating, investing and financing activities. Cash flow
from operating activities is reported using indirect method. Under the indirect method, the net profit is adjusted for the
effects of
(i) Transactions of a non-cash nature.
(ii) Any deferrals or accruals of past or future operating cash receipts or payments and
(iii) Items of income or expense associated with investing or financing cash flows.
Cash and cash equivalents (including bank balances) are reflected as such in Cash Flow Statement.
27
NOTES FORMING PART

of the Balance Sheet as at 31st March 2015
As at
31.03.2015
Rs.
As at
31.03.2014
Rs.
6,25,000- Equity Shares of Rs.10/- each
62,50,000
62,50,000
3,75,000- 6 % Cumulative Preference Shares of Rs.10/- each
37,50,000
37,50,000
1,00,00,000
1,00,00,000
38,90,835
38,90,835
3,89,083.50
Nil
3,89,083.50
3,89,083.50
Nil
3,89,083.50
NOTE : 2
SHARE CAPITAL
a. Authorised
b. Issued, Subscribed and Paid - up

3,89,083.50 - Equity Shares of Rs.10/- each.
c. Number of Shares at the beginning of the year
Add / Less : Shares Issued / buyback etc
Number of shares at the end of the year
d. Details of Shareholders holding more than 5% of

d. equity shares as on 31.03.2015
Name of Shareholder
Mr. Ajit Thomas
31.03.2015
No. of Shares held
% of Holding
2,75,028
70.69%
c. No bonus shares / Buy back of shares in last 5 years
28
31.03.2014
No. of Shares held
% of Holding
2,75,028
70.69%
N O T E S
F O R M I N G
P A R T
of the Balance Sheet as at 31st March 2015 (contd.)

As at
31.03.2015
Rs.
As at
31.03.2014
Rs.
27,20,000
27,20,000
26,79,165
26,79,165
1,00,000
13,96,078
63,34,94,247
58,34,94,247
7,86,82,809
(7,87,388)
45,52,637
4,57,95,141
--1,15,17,908
8,24,48,058
5,73,13,049
5,00,00,000
97,27,088
3,00,00,000
---
19,44,846
97,27,088
--1,94,54,175
19,80,206
90,68,830
33,06,237
45,52,637
64,80,62,242
59,48,42,127
NOTE : 3
RESERVES AND SURPLUS
Share Premium Account
As per last Balance Sheet
Capital Redemption Reserve
Rubber Replanting Reserve
Add : Sale proceeds of Rubber Trees
Rubber Rehabilitation Allowance Provided
13,96,078
14,08,770
3,61,802
31,66,650
30,66,650
Less : Expenditure on Replanting

General Reserve
58,34,94,247
Add : Transfer from Profit & Loss Account
5,00,00,000
Surplus
Profit for the period
Add : Adjustments relating to Fixed Assets (Refer Note No. 32)
Add : Surplus brought forward from previous year
Appropriations
Transfer to General Reserve
Interim dividend on Equity shares Rs. 25/- per share @ Rs.100/- Share
(Previous year - Rs. Nil Share)
Tax on Interim dividend
Proposed Final Dividend on Equity shares @ Rs. 25/- per Share
(Previous year @ Rs. 50/- share)
Provision for tax on final dividend
Surplus carried forward
29
N O T E S
F O R M I N G
P A R T

As at
31.03.2015
Rs.
As at
31.03.2014
Rs.
---
32,05,150
---
---
--2,42,245
--2,24,687
2,42,245
34,29,837
2,60,736
5,21,799
15,15,915
11,43,658
NOTE : 4
NON CURRENT LIABILITIES
a. Long - Term borrowings
From Banks - Secured
(The Companys borrowing facilities comprising Term Loan facility
of Rs. 2,00,00,000/- at the interest rate of 10.90% secured by
hypothecation of Machineries valued at Rs. 124.11 Lakhs,
expanded Factory shed and pari passu second charge of Arnakal
Estate.) The repayment shall be in 72 equal instalments after
initial repayment holiday of 36 months, commencing from
April 15.
b. Other Long - term liabilities - Unsecured
Public Deposits
c. Long Term Provisions
Provision for Employee benefits
For Gratuity
For Leave Encashment
NOTE : 5
CURRENT LIABILITIES
a. Short - Term borrowings - From Bank - Secured
(The Companys borrowing facilities comprising cash credit facility
of Rs. 2,50,00,000 at the interest rate of 1% above base rate,
Present base rate being 10.25%, secured by hypothecation of
stock-in-Trade, Standing Crops and Machinery in Tea and Rubber
Factories, Vehicles and also equitable mortgage of the Estates Land
together with Buildings thereon.)
b. Trade Payable
Sundry Creditors
(Refer note No. 25 for details of dues to micro and small enterprise.)
30
N O T E S
F O R M I N G
P A R T

As at
31.03.2015
Rs.
As at
31.03.2014
Rs.
1,04,70,661
2,56,325
----1,75,16,145
87,39,298
2,56,325
43,466
3,51,000
2,48,22,176
2,82,43,131
3,42,12,265
9,33,637
40,72,745
7,58,882
30,71,259
1,43,36,286
97,27,088
19,80,206
3,10,49,962
1,81,74,053
1,94,54,175
33,06,237
4,47,64,606
c. Other Current Liabilities

Investor Education and Protection Fund
- Unclaimed Dividend
Unclaimed Preference Capital
Interest accrued but not due on loans
Current Maturities of Long Term Debts
Other current liabilities
d. Short - Term Provisions

Provision for Employee benefits
For Leave Encashment
For Gratuity
Other Provisions
For Taxation
For Proposed Dividend on Equity Shares
For Tax on Dividend
31
32
80,246
80,246
---
---
---
---
---
---
80,246
80,246
---
---
---
---
---
---
Rs.
Withdrawn
1,08,47,469 32,18,805
(*)
1,64,16,826
40,29,715
8,17,214
5,57,512
83,33,763
26,78,622
---
---
For
the year
Rs.
11,83,24,429
13,46,61,009
2,11,53,252
56,28,319
55,17,760
7,89,44,169
2,34,17,509
* Represents subsidy received from Tea Board in respect of assets capitalised in earlier years
---
---
Upto
31.3.2015
Rs.
Refer Note : 32
11,06,95,765
11,83,24,429
1,72,03,783
48,11,105
49,60,248
7,06,10,406
2,07,38,887
---
---
Up to
31.03.2014
Rs.
(*)
22,35,83,423
23,14,49,474
3,02,78,095
79,72,268
59,90,279
10,16,77,927
4,60,13,977
1,38,78,634
2,56,38,294
As at
31.03.2015
Rs.
DEPRECIATION
Includes Rs.2,27,64,351/-and Rs.19,04,486/- respectively representing Cost of Land and Buildings in joint ownership with other Companies,
the book value of which amounted to Rs.2,27,64,351/-and Rs.5,69,062/- respectively.
2,51,00,973 1,72,73,046
79,46,297
22,35,83,423
21,57,55,496
78,59,547
2,24,98,794
---
---
86,750
---
---
---
Rs.
Additions Deductions
GROSS BLOCK
Rs.
P A R T
(i)
Notes :
Previous year
Vehicles
79,72,268
10,15,91,177
Machinery
Electrical Installations
4,60,13,977
Buildings (Note i)
59,90,279
1,38,78,634
Development
Furniture and Fittings
2,56,38,294
As at
01.04.2014
Rs.
Freehold Land (Note i)
Description
TANGIBLE ASSETS
NOTE : 6
F O R M I N G
N O T E S
10,52,58,994
9,67,88,465
91,24,843
23,43,949
4,72,519
2,27,33,758
2,25,96,468
1,38,78,634
2,56,38,294
As at
31.3.2015
Rs.
10,50,59,731
10,52,58,994
52,95,011
31,61,163
10,30,031
3,09,80,771
2,52,75,090
1,38,78,634
2,56,38,294
As at
31.3.2014
Rs.
NET BLOCK
33
No.of
shares/Units
(i) QUOTED :
AVT Natural Products Ltd. (Rs. 1/Share) 4,45,41,300
TOTAL
IN IMMOVABLE PROPERTIES
Value of Land
Building (Including Fittings and Fixtures)
Less : Depreciation
Less : Diminution in value
A V Thomas Investments Co. Ltd.

24,500
AVT McCormick Ingredients Pvt. Ltd. (*) 58,50,000
Midland Natural Pte Ltd. (US $ 1 / Share) 2,00,000
Midland Corporate Advisory Services Pvt Ltd. (*) 2,50,000
Midland Latex Products Ltd.
2,49,700
Sermatech Private Limited (*)
1,11,509
Teleflex Medical Private Ltd. (*)
6,63,000
L. J. International Ltd.
35,428
1,06,30,129
1,06,05,491
41,96,828
1,70,38,792
39,22,27,464
2,45,000
5,85,00,000
90,20,000
25,00,000
29,96,400
11,15,090
8,17,59,000
1,95,278
15,63,30,768
41,11,490
15,22,19,278
22,29,69,394
Amount
Rs.
As on 01.04.2014
SHARES IN COMPANIES - LONG TERM (#)

EQUITY SHARES (FULL
AID)
TE COMP
ANIES
(FULLYY PPAID)
AID)-- ASSOCIA
ASSOCIATE
COMPANIES
(ii) UNQUOTED :
F O R M I N G
P A R T
No.of
shares/Units
31.03.2014
22,29,69,394
22,355
22,355
22,355
Amount
Rs.
Amount
Rs.
Deductions
15,63,30,768
15,63,30,768
2,12,57,975
2,12,35,620
40,05,58,137
40,05,35,782
Less : Aggregate depreciation on Immovable property
46,01,844
41,96,828
Aggregate provision for diminution in value of investments
41,11,490
41,11,490
39,18,44,803
39,22,27,464
(*) The right to transfer shares is restricted under Section 2(68) (i) of the Companies Act, 2013, being Private Limited Companies.
(#) Face value of Equity Shares is Rs. 10/- fully paid up unless otherwise stated.
31.03.2015
22,29,69,394
No.of
shares/Units
Additions
N O T E S
(1) Aggregate amount of Quoted investments

(Market Value - Rs. 1,20,48,42,165/- Previous year Rs. 95,31,83,820/-)
(2) Aggregate amount of Unquoted investments
(3) Aggregate amount of immovable properties
2.
1.
Description
Non Current Investments - At Cost
NOTE : 7
Amount
Rs.
24,500
58,50,000
2,00,000
2,50,000
2,49,700
1,11,509
6,63,000
35,428
1,06,30,129
1,06,27,846
46,01,844
1,66,56,131
39,18,44,803
2,45,000
5,85,00,000
90,20,000
25,00,000
29,96,400
11,15,090
8,17,59,000
1,95,278
15,63,30,768
41,11,490
15,22,19,278
00000000
(##)
4,45,41,300 22,29,69,394
No.of
shares/Units
As on 31.03.2015
34
No.of
shares/units
Aggregate amount of Quoted investments

(Market Value - Rs. 8,30,57,523/- Previous year Rs. 5,61,31,380/-)
5,20,68,060
1,00,00,000
4,20,68,060
Amount
Rs.
As on 01.04.2014
ICICI Prudential Flexible Income Plan Daily Dividend

ICICI Prudential FMP Series 66-405 Days Plan
- K Regular Plan Cumulative
10,00,000
ICICI Prudential Short Term Plan - Cumulative Option 17,58,978
J M Balanced Fund Dividend
ICICI Prudential Equity Arbitrage Fund
- Regular Plan - Dividend
IDFC Arbitrage Fund - Dividend - Regular Plan
Kotak Equity Arbitrage Fund - Dividend
MUTUAL FUNDS (QUOTED)
Description
F O R M I N G
P A R T
75,30,683
1,50,00,000
75,00,000
5,47,224
12,07,214
6,98,799
5,20,68,060
5,20,68,060
7,68,41,451
31.03.2014
10,00,000
4,66,265
5,96,270
13,49,531
17,88,45,070
1,00,00,000
1,11,51,287
1,50,00,000
14,26,93,783
Amount
Rs.
Deductions
No.of
shares/units
7,68,41,451
31.03.2015
20,36,18,461
1,50,00,000
15,85,87,778
Amount
Rs.
5,96,270
14,99,849
No.of
shares/units
Additions
Current Investment - At lower of cost and Fair Value
NOTE : 8
N O T E S
5,47,224
12,07,214
6,98,799
--12,92,713
---
1,50,318
No.of
shares/units
7,68,41,451
75,30,683
1,50,00,000
75,00,000
--3,09,16,773
---
1,58,93,995
Amount
Rs.
As on 31.03.2015
N O T E S
F O R M I N G
P A R T
As at
31.03.2015
Rs.
As at
31.03.2014
Rs.
87,44,228
6,19,902
1,92,72,000
78,77,852
8,02,818
2,56,39,000
2,86,36,130
3,43,19,670
Nil
Nil
84,83,879
1,19,94,193
84,83,879
1,19,94,193
NOTE : 9
INVENTORIES
(Valued at lower of cost and net realisable value)
Stores and Spares
Estate Nurseries
Stock in Trade
NOTE : 10
TRADE RECEIVABLES
Considered good - Unsecured:
(a) Trade receivable outstanding for more than six months from
the date they become due for payment
(b) Other receivable
(Trade receivable include - Due by Teleflex Medical Private Ltd in
which the companys director is a director - Rs. 7,44,830/Previous year Rs. 12,79,469/-)
35
N O T E S
F O R M I N G
P A R T
As at
31.03.2015
Rs.
As at
31.03.2014
Rs.
1,73,691
8,00,328
In Current Account
19,80,950
1,31,09,735
In Deposit Account
65,210
22,19,851
6,46,269
1,45,56,332
1,07,26,986
89,95,623
21,78,940
19,79,293
1,29,05,926
1,09,74,916
1,51,25,777
2,55,31,248
Nil
Nil
10,500
1,09,98,210
22,665
1,50,47,970
1,50,915
2,39,81,000
1,50,915
2,39,81,000
35,32,954
1,36,00,000
60,39,325
1,36,00,000
5,22,73,579
5,88,41,875
NOTE : 11
CASH AND CASH EQUIVALENTS
Cash and stamps on hand
Bank balances with Scheduled Banks
With Scheduled Banks

In Dividend / Capital Refund Account
In Margin money deposit account
Bank deposits with more than 12 months Maturity
NOTE : 12
Advances recoverable in cash or in kind or for value to be received
- Debts due by Officers of the Compay
- Others
Deposits:
(a) With NABARD under Tea Development Scheme
(b) With NABARD under Rubber Development Scheme
Other Loans and Advances
Tax payments pending adjustment
MAT Credit Entitlement
36
NOTES FORMING PART OF THE STATEMENT

o f Profit and Loss for the year ended 31st March 2015
For year ended
31.03.2015
Rs.
For year ended

31.03.2014
Rs.
NOTE : 13
REVENUE FROM OPERATIONS
Sale of Products
Tea
Rubber
Cardamom
Other Produce
Tea Waste
Tea Replanting Subsidy
19,98,25,709
3,58,08,598
4,91,92,013
1,06,06,006
1,72,000
---
21,52,78,203
5,85,83,478
3,53,97,233
75,12,492
3,30,000
10,52,889
29,56,04,326
31,81,54,295
10,14,56,125
1,02,07,976
9,80,100
3,61,03,318
51,95,410
23,76,000
2,88,372
12,41,500
1,97,228
14,65,027
Nil
Nil
9,950
Nil
24,235
1,76,236
1,45,709
Nil
5,21,195
4,13,832
23,19,478
19,575
1,48,538
1,25,405
11,45,30,203
4,88,85,006
NOTE : 14
OTHER INCOME
Income from Investments
(i) Long Term
(ii) Current
Income from Investment in Immovable Property
Interest Income on
(i) Bank deposits
(ii) Others
Net gain on Sale of
(i) Long Term Investments
(ii) Current Investments
Profit on Sale of Assets
Provision no longer required written back
Rent Received
Insurance Claim Received
Miscellaneous Receipts
37

of Profit and Loss for the year ended 31st March 2015 (contd...)
For year ended
31.03.2015
Rs.
For year ended

31.03.2014
Rs.
NOTE : 15
COST OF MATERIAL CONSUMED
Consumption of Raw material - Bought Leaf
Consumption of Raw material - Bought Latex
2,63,91,458
12,92,023
2,76,83,481
5,51,21,868
38,14,642
5,89,36,510
67,015
1,63,619
1,87,77,000
24,22,000
44,40,000
2,56,39,000
83,41,000
31,40,000
4,27,000
1,19,18,000
1,18,92,000
59,38,000
14,42,000
1,92,72,000
63,67,000
1,87,77,000
24,22,000
44,40,000
2,56,39,000
1,37,21,000
NOTE : 16
PURCHASE OF TRADED GOODS
Tea
NOTE : 17
INCREASE / DECREASE IN INVENTORY
Inventory at the beginning of the year :
Tea
Rubber
Cardamom
Inventory at the end of the year :
Tea
Rubber
Cardamom
(+)
(-)
NOTE : 18
OTHER MANUFACTURING EXPENSES
Consumption of Stores and Spares
Power and Fuel
Repairs and Maintenance - Plant and Machinery
2,93,21,948
3,35,60,991
48,11,535
6,76,94,474
2,80,69,399
3,07,90,855
36,32,328
6,24,92,582
14,92,82,884
1,23,47,311
40,72,745
1,92,313
40,10,130
16,99,05,383
14,32,69,022
1,07,16,852
30,71,259
1,79,241
39,20,144
16,11,56,518
NOTE : 19
EMPLOYEE BENEFIT EXPENSES
Salaries Wages and Bonus
Contribution to Provident and Other Funds
Provision for Gratuity (Note No. 33)
Provision for Leave Encashment (Note No. 33)
Welfare Expenses
38

of Profit and Loss for the year ended 31st March 2015 (contd...)
For year ended
31.03.2015
Rs.
For year ended

31.03.2014
Rs.
NOTE : 20
FINANCE COST
Interest
6,99,531
9,67,842
12,000
12,000
75,24,039
46,02,493
2,58,453
8,48,626
72,30,557
80,28,775
45,59,552
2,25,005
9,05,617
18,08,072
6,00,000
1,65,000
2,50,000
1,07,500
11,500
1,40,163
25,31,424
16,38,373
30,88,871
19,85,779
6,65,127
5,49,776
2,84,527
3,61,803
2,31,025
2,35,000
50,48,204
46,30,142
6,00,000
1,40,000
2,15,000
1,03,560
10,000
1,31,943
21,35,406
16,90,274
29,90,755
18,27,066
5,99,329
5,06,451
1,40,852
2,31,357
2,20,630
1,00,000
17,77,639
44,98,246
4,30,00,382
3,34,57,529
NOTE : 21
OTHER EXPENSES
Rent and Amenities
Repairs and Maintenance:
Roads and Buildings
Vehicles
Others
Insurance
Rates and Taxes (Note No. 28)
Payment to Auditors
For Audit
For Certification / Tax Audit
For Tax Representation
For Travelling and other Expenses
For Other Service Tax
For Service Tax
Travelling Expenses
Brokerage and Commission
Transport and warehousing
Legal and professional Expenses
Postage and Telephones
Printing and Stationery
Bank Charges
Rubber Rehabilitation Allowance
Advertisement and Sales Promotion
Directors Sitting Fees
Loss on sale of Long Term Investment
Miscellaneous Expenses
39
NOTES
ON
ACCOUNTS
for the year ended 31st March 2015 (contd.)

Year ended
31.03.2015
Rs.
Year ended
31.03.2014
Rs.
NOTE : 22
PARTICULARS OF CONSUMPTION (in Rupees)
(a)
Rawmaterials - Indigenous
Bought Leaf
Bought Latex
(b) Stores and Spares:
Indigenous
Imported
Value in Rs.
Value in Rs.
2,63,91,458
12,92,023
100
100
5,51,21,868
38,14,642
100
100
2,93,21,948
Nil
2,93,21,948
100
2,80,69,399
Nil
2,80,69,399
100
100
100
NOTE : 23
EARNINGS IN FOREIGN CURRENCY
Nil
Nil
2,20,979
1,96,822
NOTE : 24
EXPENDITURE IN FOREIGN CURRENCY
a)
Expenditure
Registration Fee
NOTE : 25
DUE TO MICRO AND SMALL ENTERPRISES
Based on the information available with the Company, the principal
amount due to Micro and Small enterprises as on 31.03.2015 is Nil
(Previous year Rs. Nil). There are no overdue principal amounts and
therefore no interest is paid or payable.
NOTE : 26
EARNINGS PER SHARE
Profit / (Loss) after Tax
Number of Equity Shares in calculating EPS
Basic EPS
Diluted EPS
NOTE : 27
CONTINGENT LIABILITY
a) Sales Tax demands disputed in appeals, against which Rs. 41,75,905 paid
and included under Loans and Advances
b) The future cash outflows on the above items are determinable only on
receipt of the decision/judgment that is pending at various forums/
authorities. The Company does not expect the outcome of these
proceedings to have a materially adverse effect on this financial results.
c)
Contracts remaining to be executed on Capital Account
40
7,86,82,809
3,89,084
4,57,95,141
3,89,084
202.23
202.23
117.70
117.70
1,03,59,737
1,04,32,569
NOTES
ON
ACCOUNTS

Year ended
31.03.2013
NOTE : 28
Rates and Taxes includes a sum of Rs. 40,00,000/- which has been paid
to Securities and Exchange Board of India being penalty in terms of
provisions of Section 15 H (ii) of SEBI (Substantial Acquisition of Shares
and Takeover) Regulation 1997.
NOTE : 29
LAND
The Companys title to 432 acres of lease-hold right in Perinaad for
ninety-nine years from 08.03,1906, acquired by the Company by
document dated 23.01.1945, is disputed by certain persons, alleged to
be on behalf of the erstwhile lessors. Out of 432 acres, the Company has
sold 110 acres during 1970s leaving an extent of 322 acres in actual
possession, being absolute owners of the property by virtue of fixity of
tenure under the provisions of the Kerala Land Reforms Act. The matter
was pending before the Sub-Court, Pathanamthitta pending finalisation
of the Issue fixity of tenureunder the Kerala Land Reforms Act by the
Land Tribunal, Pathanamthitta. The Land Tribunal vide order No.
RC-3/07 dated 27-Oct-2012 held that since the company is cultivating
rubber uninterruptedly is entitled to fixity of tenure and the Tribunal has
forwarded its findings to the Sub Court. The issue on possession is now
to be decided by the Sub Court.
NOTE : 30
SEGMENT REPORTING
The operations of the Company relate to Plantation Crops, which is the
significant business segment and therefore no separate reporting is made.
NOTE : 31
ACCOUNTING FOR TAXES ON INCOME
The impact of Deferred Tax on Income for the year is considered not
material and hence not recognised.
NOTE : 32
The Company has adopted the useful life of Fixed Assets Prescribed
under Part C of Schedule II of the Companies Act 2013 for providing
depreciation from 1st April, 2014. As a result of this depreciation for the
year ended 31.03.2015 is higher by Rs. 32,02,100/- with consequential
effect on statement of profit and loss before tax by this amount.
For the Tangible Fixed Assets that had completed useful life as on
01.04.2014, the carrying amount of Rs. 7,87,388/- has been adjusted
against the opening balance of retained earings as per Note 7 of Part C
of Schedule II of the Companies Act, 2013
41
Year ended
31.03.2012
NOTES
ON
ACCOUNTS
NOTE : 33
EMPLOYEE BENEFITS
i)
Defined Benefit Plans
a) Description of the Companys defined benefit plan :

i) 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.
ii) Leave Encashment:
The company also operates a non funded leave encashment scheme for
its employees.
b) Reconciliation of changes in the Present Value of Obligation :
As on 31.03.2015
Gratuity
Leave
Encashment
(Funded Plan) (Non Funded Plan)
Present Value of the Obligation as on 01.04.2014
Current Service Cost
Interest Cost
Benefits Paid
Actuarial loss / (gain)
Present Value of the Obligation as on 31.03.2015
c)
As on 31.03.2014
Gratuity
Leave
Encashment
(Funded Plan) (Non Funded Plan)
7,07,47,973
47,63,994
61,77,665
(57,23,098)
(3,30,273)
7,56,36,261
9,83,569
1,81,710
77,934
(2,54,299)
1,86,968
11,75,882
6,96,87,720
46,08,330
53,03,673
(76,07,157)
(12,44,593)
7,07,47,973
8,04,328
1,55,160
58,840
(1,46,783)
1,12,024
9,83,569
6,76,76,714
59,98,600
36,71,259
(57,23,098)
(59,959)
7,15,63,516
Nil
Nil
2,54,299
(2,54,299)
Nil
Nil
6,64,87,047
56,24,800
32,00,673
(76,07,157)
(28,649)
6,76,76,714
Nil
Nil
1,46,783
(1,46,783)
Nil
Nil
Reconciliation of changes in the fair

value of Plan Assets
Fair Value of Plan Assets as on 01.04.2014
Expected return on plan assets
Contribution by the Company
Benefits Paid
Actuarial gain / (Loss)
Fair Value of Plan Assets as on 31.03.2015
42
NOTES
ON
ACCOUNTS
NOTE : 33
EMPLOYEE BENEFITS (Contd.)
d)
The total expense recognised in the Profit and

Loss Account is as follows
Current Service Cost
Interest Cost
Expected return on plan assets
Net Actuarial (gain) / loss recognised in the year
e)
47,63,994
61,77,665
(59,98,600)
(2,70,314)
46,72,745
1,81,710
77,934
NA
1,86,968
4,46,612
46,08,330
53,03,673
(56,24,800)
(12,15,944)
30,71,259
1,55,160
58,840
NA
1,12,024
3,26,024
30,71,259
46,72,745
36,71,259
40,72,745
9,83,569
4,46,612
2,54,299
11,75,882
32,00,673
30,71,259
32,00,673
30,71,259
8,04,328
3,26,024
1,46,783
9,83,569
Reconciliation of Net Liability recognised

in the Balance Sheet
Net Liability as at the beginning of the year
Add : Expense as (d) above
Less : Employers Contribution / Payment
Net Liability as at the end of the year
As on 31.03.2014
Gratuity
f)
(Funded Plan)
Leave
Encashment
(Non Funded Plan)
Gratuity
Leave
Encashment
(Funded Plan) (Non Funded Plan
Plan))
7,15,63,516
N.A.
6,76,76,714
7.80 %
6.00 %
5.00 %
N.A.
9.10
7.00
5.00
9.25
Constitution of Plan Assets

Investments in LIC Group Gratuity Scheme
g)
As on 31.03.2013
N.A
Principal actuarial assumptions used as at the

Balance Sheet Date
Discount Rate
Salary Escalation Rate
Attrition Rate
Expected rate of return on plan assets
7.80
6.00
5.00
9.00
%
%
%
%
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.
43
%
%
%
%
8.50 %
6.00 %
5.00 %
N.A
NOTES
ON
ACCOUNTS
NOTE : 33
EMPLOYEE BENEFITS (Contd.)
h) The amount pertaining to defined benefit plan are as follows:
31.03.2015
Gratuity funded plan
Defined Benefit Obligation
Plan Assets
Surplus / (Deficit)
Experience adjustment - Plan Liability
Experience adjustment - Plan Assets
7,56,36,261
7,15,63,516
(40,72,745)
(3,30,273)
(59,959)
31.03.2014
31.03.2013
31.03.2012
7,07,47,973 6,96,87,720 6,47,48,008 5,23,74,758

6,76,76,714 6,64,87,047 6,62,62,831 5,00,73,668
(30,71,259) (32,00,673)
15,14,823 (23,01,090)
(12,44,593) 10,97,713
85,98,075 (6,71,957)
(28,649)
12,283
(5,95,791)
(88,796)
The Company expects to fund Rs. 110/- lakhs towards its Gratuity Plan during the year 2015 - 2016.
ii)
Defined Contribution Plans:
The Company makes contribution towards employees provident fund, family

pension fund, super annuation fund and employees state insurance scheme.
Under the rules of these schemes, the Company is required to contribute a
specified percentage of payroll costs. The Company during the year recognised
Rs. 1,14,15,182/- as expense towards contributions to these plans.
44
31.03.2011
NOTES
ON
ACCOUNTS

NOTE : 34
RELATED PARTY TRANSACTIONS
Following associate companies are related to the Company
on account of common control through constitution of
Board / Shareholdings
-
A. V. Thomas & Company Ltd.

A. V. Thomas International Ltd.
L. J. International Ltd.
A. V. Thomas Investments Company Ltd.
The Nelliampathy Tea & Produce Co. Ltd.
Neelamalai Agro Industries Ltd.
AVT Natural Products Ltd.
AVT McCormick Ingredients Private Ltd.
IQ Tech Private Ltd.
Teleflex Medical Private Ltd.
J. Thomas Educational & Benevolent Trust
Midland Natural Pte Ltd
Key Managment Personnel :
Details of Transaction
Mr. Ajit Thomas, Chairman

Mr. S. Rajasekar, Managing Director
Year ended 31.3.2015
Year ended 31.3.2014
Key
Management
Key Management
Associates
Associates
Personnel
Personnel
(including relatives)
(including relatives)
INCOME
Sales
11,29,26,145
Dividend Received
10,14,56,125
EXPENDITURE
Warehousing and C&F
6,04,059
Sitting Fees
Professional Charges
8,98,880
Dividend paid
Donations paid
25,00,000
Remuneration paid to Managing Director
OTHERS
Purchase of Investments (Shares)
--BALANCE AS ON 31.3.2015
Debit Balances
Credit Balances
AVT Holdings Private Ltd.

A. V. Thomas Leather and Allied Products Private Ltd.
A. V. Thomas Exports Ltd.
Midland Latex Products Ltd.
Sematech Private Ltd.
Ajit Thomas Holdings Private Ltd.
Midland Corporate Advisory Services Private Ltd.
AVT Natural Pte Ltd.
AVT Gavia Foods Private Ltd.
Midland Charitable Trust
AVT Tea Services Ltd., U.K
AVT Tea Service North America LLC, USA
12,74,36,321
3,60,92,518
28,567
70,000
30,000
5,61,800
2,06,27,100
1,37,51,400
25,00,000
25,41,000
25,81,000
8,15,49,000
37,90,717
---
30,45,313
---
Note - 35 Previous Years figures have been regrouped wherever necessary

For SURI & CO.
G. Rengarajan
Place : Chennai
Date : 27.05.2015
S. Rajasekar
Partner
Managing Director
45
Ajit Thomas
Chairman
CASH FLOW STATEMENT

Fo r t h e y e a r e n d e d 3 1 s t M a r c h 2 0 15
A.
CASH FLOW FROM OPERATING ACTIVITIES

Net Profit before tax and extraordinary items
Adjustments for:
Depreciation
Rubber Rehabilitation Allowance
Profit on sale of Assets
Profit on sale of Investments
Provision for Gratuity
Provision for Leave Encashment
Interest Received
Dividend Received
Interest Paid
Operating Profit before working capital changes:
Adjustments for:
Trade and other Receivables
Inventories
Trade Payables
Other Current Assets
B.
Year ended
31.03.2015
Rs.
Year ended
31.03.2014
Rs.
7,86,82,809
5,22,95,141
1,60,34,454
3,61,802
(9,950)
50,48,204
40,72,745
11,75,882
(15,29,872)
(11,16,64,101)
6,99,531
(71,28,496)
1,12,90,560
2,31,357
(4,13,832)
12,56,444
30,71,259
1,79,241
(16,62,255)
(4,12,98,728)
9,67,842
2,59,17,029
35,10,314
56,83,540
(1,09,88,602)
37,49,273
(13,69,538)
(1,22,30,400)
(72,14,634)
(59,71,856)
Cash generated from operations

Direct Taxes Paid
Cash Flow before Extraordinary items
Extraordinary Items
19,54,525
(51,73,971)
(13,31,396)
(65,05,367)
Nil
(8,69,399)
(1,14,92,046)
(1,23,61,445)
Nil
Net Cash From Operating Activities
(65,05,367)
(1,23,61,445)
(4,87,78,979)
9,950
14,08,770
(30,66,650)
(20,36,40,816)
Nil
17,37,96,866
17,68,200
11,16,64,101
(2,51,00,973)
1,44,68,073
27,16,250
(29,80,210)
(16,63,59,215)
Nil
19,58,84,482
14,16,291
4,12,98,728
3,31,61,442
6,13,43,426
CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Fixed Assets
Sale of Fixed Assets
Sale of Trees
Expenditure on Replanting
Purchase of Investments
Diminution of Investments
Sale of Investments
Interest Received
Dividend Received
Net Cash from/(used in) Investing Activities
46
CASH FLOW STATEMENT

For the year ended 31st March 2015 - Contd.
Year ended
31.03.2015
Rs.
C.
Year ended
31.03.2014
Rs.
CASH FLOW FROM FINANCING ACTIVITIES

Fixed Deposit
(3,51,000)
(36,12,000)
(32,05,150)
---
Cash Credit
(2,61,063)
(1,25,15,886)
Interest Paid
(7,42,997)
(13,38,415)
Dividend Paid
(3,44,32,346)
(2,27,60,412)
(3,89,92,556)
(4,02,26,713)
(1,23,36,481))
87,55,268
Cash and cash equivalents as at 01.04.2014

(Opening Balance)
1,45,56,332
58,01,064
Cash and cash equivalents as at 31.03.2015

(Closing Balance)
22,19,851
1,45,56,332
Proceeds from long term borrowings
Net Cash used in Financing Activities
Net decrease in cash and cash equivalents
(1,23,36,481)
87,55,268

For SURI & CO.
G. Rengarajan
Place : Chennai
Date : 27.05.2015
S. Rajasekar
Partner
Managing Director
47
Ajit Thomas
Chairman
48
16,14,88,431
5,22,95,141
7,86,82,809
2005/2006
2006/2007
2007/2008
2008/2009
2009/2010
2010/2011
2011/2012
2012/2013
2013/2014
2014/2015
* Recommended.
Rs.
72,00,564
71,40,546
77,81,888
89,54,441
1,05,22,413
91,27,778
96,70,720
Rs.
2,01,44,330
1,78,54,426
3,32,17,927
5,09,86,800
7,13,96,873
10,37,66,183
8,65,88,354
Total
l a s t
Provision
for
taxation
t h e
Allocation
to Reserve
Funds
y e a r s
5,00,00,000
3,00,00,000
7,00,00,000
Rs.
1,50,00,000
1,00,00,000
2,00,00,000
4,00,00,000
4,00,00,000
6,00,00,000
5,00,00,000
t e n
347.47
15.56
170.50
1,014.39
244.41
131.33
291.05
244.41
87.50
__
43.83
291.05
1,361.86
186.06
TOTAL
Hectares
509.01
97,27,088
(Interim Dividend)
97,27,088
(Final Dividend)
1,94,54,175
(Final Dividend)
59,48,42,127
1,94,95,175
64,80,62,242
1000
200
100
100
100
150
200
300
1000
Percentage
250 *
250
500
500
(1st & 2nd Interim Dividend) (500 each)
77,81,670
(Final Dividend)
57,18,40,001
3,89,08,350
PERINAAD
Hectares
ARNAKAL
Hectares
509.01
Dividends
Paid on
Equity Shares
Amount
Rs.
38,90,835
38,90,835
38,90,835
58,36,253
77,81,670
1,16,72,505
3,89,08,350
(Special Interim Dividend)
Reserve
Funds
to-date
Rs.
27,19,68,349
28,34,72,533
30,90,17,152
34,45,20,832
38,93,76,391
46,76,79,514
49,92,78,559
AREA PARTICULARS
Rs.
30,50,000
18,00,000
34,00,000
84,00,000
1,75,00,000
1,19,00,000
20,00,000
(Net of MAT
credit entitlement
of Rs. 95,00,000)
2,22,00,000
(Net of MAT
credit entitlement
of Rs. 53,00,000)
65,00,000
(Inclusive of MAT
credit utilised
Rs. 24,00,000)
Nil
Tea
Rubber
in Bearing
Immature - Tea / Rubber
Cardamom (including immature area etc)
Nurseries, Fuel & Timber
Clearings, Minor Produce
Buildings, Roads, etc..
Hectares
Area as on 01-04-2015
1,60,34,454
1,12,90,560
1,06,20,637
Depreciation
Written off
Net Profit
before
taxation
Season
(April to
March)
Fo r
PARTICULARS OF PROFITS, PROVISIONS, DIVIDENDS PAID, ETC.
NATIONAL ELECTRONIC CLEARING SERVICE (NECS) MANDATE FORM
To be submitted to the following address :Cameo Corporate Services Ltd.

Subramanian Building,
1, Club House Road, Chennai - 600 002
Tel: 044 - 28461832.
Dear Sirs,
Sub: Equity Shares of The Midland Rubber & Produce Co. Ltd. - payment of Dividend through NECS
I/We hold... number/s equity shares of The Midland Rubber & Produce Co. Ltd. I/We
request you to arrange for payment of my/our dividend through NECS and credit the same to my/our bank
account as per particulars given below:-
1. First / Sole Shareholders Name (in Block Letters)

2. Folio No/s., Share Certificate No/s. & Distinctive
No/s.
Folio No/s. Share Certificate

No/s.
Distinctive No/s.
10 - S. B.
13 - Cash Credit
3. Name of Bank
4. Branch Name and Address with City PIN Code
5. Account No. (as appearing on Cheque Book)
PLEASE ATTACH A BLANK CANCELLED CHEQUE OR
PHOTOCOPY OF A CHEQUE ISSUED BY YOUR BANK
FOR VERIFICATION OF THE BANK ACCOUNT DETAILS
6. Account type (Savings Bank A/c / Current A/c or
Cash Credit A/c with code 10/11/13)
11 - Current
7. 9 - digit code No. of Bank & Branch appearing on

MICR Cheque issued by the Bank
8. 11 - digit NEFT (IFSC) code * - can be obtained
from your Banker
I, hereby, declare that the particulars given above are correct and complete.
Yours faithfully
Date:
(Signature of First/Sole Shareholder)

Address
: .....
...................
...................
Phone No. : ...................
Email Id
: ...................
*The company, its Registrar and Bankers will make best endeavors to remit dividend through NECS. However, for nonCBS branches of the banks, the IFSC Code will be utilized to remit the dividend either by National Electronic Funds
Transfer (NEFT) or Real Time Gross Settlement (RTGS). The branch where you operate your Bank account will assist you
to provide the IFSC Code, a 11-digit code to enable the remittance through NEFT or RTGS. In cases where either the bank
details such as MICR (Magnetic Ink Character Recognition), IFSC (Indian Financial System Code), etc. that are required
for making electronic payment are not available or the electronic payment instructions have failed or have been rejected
by the bank, the company reserves the right to use physical payment instruments for payment of dividend.
Registered. Office : 27/1032, Panampilly Nagar, Kochi, Ernakulam - 682 036

Corporate Identity Number (CIN): L25191KL1937PLC000691 Telephone : 0484 2315312, Fax: 0484- 2312541
E-mail: secmidland@vsnl.net
Website : www.midland-rubber.com
ATTENDANCE SLIP
I hereby record my presence at the 78th Annual General Meeting of the Company at 3 P.M. on Friday, the 4th September, 2015
at the Registered Office of the Company at 27/1032, Panampilly Nagar, Ernakulam, Kochi - 682 036.
Folio No.
Full Name of the *Shareholder/proxy (in block letters)
* Strike out whichever is not applicable
Signature of *Shareholder/proxy
E-mail ID..........................................................................................
NOTE: Shareholders attending the meeting in Person / Proxy are requested to complete the Attendance Slip and handover at the entrance
of the Meeting Hall.
Form No. MGT-11

Proxy Form
[Pursuant to Section 105(6) of the Companies Act, 2013 and Rule 19(3) of the Companies (Management and Administration) Rules, 2014]
Corporate Identity Number (CIN) :

Name of the Company
:
Registered Office
:
Name of the member(s)
Registered address
E-mail ID
Folio No
L25191KL1937PLC000691
27/1032, Panampilly Nagar, Kochi, Ernakulam - 682 036
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 78th Annual General Meeting of the
Company, to be held on Friday, the 4th day of September, 2015 at 3 P.M. at the Registered Office of the Company at 27/1032,
Panampilly Nagar, Ernakulam, Kochi - 682 036 and at any adjournment thereof in respect of such resolutions as are indicated
below:
Resolution Item Nos.
1. Adoption of accounts for the year ended 31.03.2015
2. To declare final dividend on Equity Shares
3. Re-appointment of Mrs. Shanthi Thomas as Director
4. Ratification of appointment of Auditors and to fix their remuneration
Signed this ............... day of ........................ 2015
Signature of shareholder
Revenue
Stamp of
Re 1/-
Signature of Proxy holder(s)

Note: This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company, not less
than 48 hours before the commencement of the Meeting.

Midland Rubber & Produce Co LTD 2014-15

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Midland Rubber & Produce Co LTD 2014-15

Uploaded by

Copyright:

Available Formats

THE MIDLAND RUBBER & PRODUCE

78th Annual Report

SEVENTY EIGHTH ANNUAL GENERAL MEETING

4th September, 2015

The Midland Rubber & Produce Co. Ltd.

THE MIDLAND RUBBER & PRODUCE COMPANY LIMITED

Mrs. Shanthi Thomas

No.27/1032, Panampilly Nagar

Mr. S. Rajasekar, Managing Director

Independent Auditors Report

Cash Flow Statement

NOTICE TO THE SHAREHOLDERS

2. A person can act as proxy on behalf of members not

1. To receive, consider and adopt the Audited Balance Sheet

3. Corporate members intended to send their authorized

2. To declare Final dividend on Equity Shares.

4. The Register of Members and Share Transfer Books of

4. To ratify the appointment of M/s. Suri & Co, Chartered

5. The dividend as recommended by the Board, if

RESOLVED THAT pursuant to the provisions of Sections

6. Members are requested to notify immediately, any

On Behalf of the Board

8. The company has implemented electronic mode of

9. Shareholders who have multiple folios in identical

members are entitled to receive such communication in

10. Shareholders of the Company may avail the nomination

15. The company has ceased to be a listed company with

11. The Company has appointed M/s Cameo Corporate

16. Voting facilities

The facility for voting either through electronic voting

13. Members are requested to submit attested copy of PAN

(ii) The shareholders should log on to the e-voting

Next enter the Image Verification as displayed and

If you are a first time user follow the steps given

For members holding shares

(xii) Click on the RESOLUTIONS FILE LINK if

Enter your 10 digit alpha-numeric *PAN

(xiii) After selecting the resolution you have decided to

Members who have not updated their

(xiv) Once you CONFIRM your vote on the

In case the sequence number is less

Enter the Dividend Bank Details or Date

A scanned copy of the Registration Form

If both the details are not recorded with

After receiving the login details a compliance

(vii) After entering these details appropriately, click on

The list of accounts linked in the login should

(viii) Members holding shares in physical form will then

For Members holding shares in physical form, the

Click on the EVSN for the relevant <Company

On the voting page, you will see RESOLUTION

A scanned copy of the Board Resolution and

iv) The Results shall be declared either by the Chairman

On Behalf of the Board

iii) The voting rights of shareholders shall be in

Income from Operations

Profit before tax for the year

Profit after tax

Total Amount available for appropriation

Interim Dividend paid on equity shares @ 250%

Tax on Interim Dividend

Proposed Final Dividend on Equity Shares @ 250%

Provision for tax on Final Dividend