ADITHYA EXPORTS LIMITED
The Directors have great pleasure in presenting the 9th Annual Report of
the company together with the Audited Accounts for the period ended 30th
June, 1996. (15 months)
There has been a drop in the performance when compared to the projections.
There has been a pronounced down turn for bulk drugs in the would markets
mainly due to Chinese competition. Further the Bulk Commodities Division
suffered a set back due to the cancellation of a large order for rice as
well as some sales rejections. This has caused a drop in the turn over.
INFORMATION PURSUANT TO CLAUSE 43 OF THE LISTING AGREEMENT
Rs. in lakhs
Particulars Actuals Projected
Income 98.90 7235.00
Total Expenditure 93.36 6505.00
Interest 0.79 25.00
Gross Profit after 2.72 704.00
Interest before depreciation & Tax 1.95 10.00
Provision for Taxation -- --
Net Profit 0.80 694.00
Paid up Equity share 1038.00 1039.40
Note : As the actuals figures are for a period upto 30-6-96 and projected
upto 31/3/96. Hence are not comparable.
Your Company is pleased to report a major break through achieved by the
Bulk Commodities Division by securing a regular, revolving order for the
export of rice. The L.C. for the first shipload is in hand, the execution
is in progress and the shipment is expected to be completed by December,
1996. Further L.Cs will be opened on a revolving basis and will be
The Registered Office of the company has been shifted from 3-3-655/2/2
Somajiguda, Hyderabad 500 082 To 123, Srinagar Colony, Hyderabad - 500 073.
ADDITIONAL INFORMATION AS REQUIRED U/S 217(1)(e) OF THE COMPANIES ACT,
(a) Conservation of Energy : The company is a merchant exporter and hence
this is not applicable.
(b) Research and Development (R & D) Technology Absorption, adaptation and
Your company being a merchant exporter, there is no technology involved.
(c) Foreign exchange earnings and out go:
(i) Foreign exchange earnings : Rs. 80.22 Lakhs on accounts of Exports
(ii) Foreign Exchange out go : NIL
PARTICULARS OF EMPLOYEES
In pursuance of the provision of section 217(2A) of the Companies Act, 1956
read with the Companies (Particulars of Employees) Rules 1975, the
Directors are to report that no employee was in receipt of remuneration of
Rs. 3,00,000/- or more per annum or Rs. 25,000/- or more per month if
employed for a part of the year.
Sri K. Pattabhirama Reddy retires by rotation and being eligible offer
himself for re-appointment.
P. Murali Mohana Rao, Chartered Accountants, retiring auditor of the
Company being eligible, offers himself of re-appointment as auditor of the
Company. He has furnished a certificate of his eligibility u/S 224(1b) of
the Companies Act, 1956. The members are requested to reappoint the
auditors and authorise the Board of Directors of the Company to fix the
The relations between the management and the staff were very cordial
throughout the year. Your Directors take this opportunity to record their
appreciation for the Co-Operation and loyal services rendered by the
The company has not accepted any deposits during the year.
Your Directors gratefully acknowledge with thanks the constructive guidance
and co-operation extended by the Government of India, Government of Andhra
Pradesh, Banks and other Government Agencies, its shareholders and
for and on behalf of the Board
M. CHANDRAMOULI REDDY
Place : Hyderabad
Dated : 9th November, 1996.