You are here » Home » Companies » Company Overview » Camex Ltd

Camex Ltd.

BSE: 524440 Sector: Industrials
NSE: N.A. ISIN Code: INE198C01010
BSE LIVE 15:40 | 02 Dec 28.05 -0.95
(-3.28%)
OPEN

29.20

HIGH

29.25

LOW

28.00

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 29.20
PREVIOUS CLOSE 29.00
VOLUME 6447
52-Week high 41.00
52-Week low 20.70
P/E 14.46
Mkt Cap.(Rs cr) 28.64
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 29.20
CLOSE 29.00
VOLUME 6447
52-Week high 41.00
52-Week low 20.70
P/E 14.46
Mkt Cap.(Rs cr) 28.64
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Camex Ltd. (CAMEX) - Director Report

Company director report

To

The Members

Your Directors have pleasure in submitting their 26th Annual Report of the Companytogether with the Audited Statements of Accounts for the year ended 31st March 2015

1. FINANCIAL RESULTS

The Company’s financial performance for the year under review along with previousyears figures are given hereunder:

Rs in lacs
2014-15 2013-14
Revenue from Operations 14669.64 22137.52
Other Income 15.32 2.45
Total Income/ Revenues 14684.96 22139.97
EBIDTA 566.74 662.48
Less Depreciation 69.48 61.47
Finance Cost 304.77 315.76
Profit Before Exceptional Items 192.49 285.25
Exceptional Items (Net) 22.27 0.00
Profit Before Tax 214.76 285.25
Tax (Expenses ) Benefits 72.59 93.61
Profit After Tax 142.17 191.64
Add: Surplus brought forward from previous year 427.28 345.36
Less: Depreciation on transition to schedule II of the
Companies Act 2013 0.00 0.00
Amount available for appropriation 569.45 537.00
Transfer to Capital Redemption Reserve 0.00 0.00
Transfer to General Reserve 50.00 50.00
Proposed Dividend 0.00 51.04
Corporate Dividend Tax 0.00 8.68
Surplus carried to Balance Sheet 519.45 427.28

2. TRANSFER TO RESERVE:

The Company proposes to transfer Rs 50 lacs to the general reserve out of the amountavailable for appropriation and an amount of Rs 92.17 lacs is proposed to be retained inthe profit & loss account.

3. REVIEW OF BUSINESS OPERATIONS AND FUTURE PROSPECTS

Your Directors wish to present the details of Business operations done during the yearunder review:

During the year Company’s turnover has been reduced of Rs 14669.64 lacs ascompared to last years’ sales of Rs 22137.52 lacs and profit of the current year alsoreduces to Rs 142.70 lacs compared to profit of Rs 191.64 lacs for the previous financialyear. Your directors are hopeful of getting better results in the current financial yearhowever depreciation in the rupee as compared to US$ may have some effect on theCompany’s business.

Your directors believes that rising consumer spending will drive increased demand fororganic colorants in textiles and plastics while strong growth in global constructionactivity will boost demand in paints and coatings. Increases in value demand will reflectthe growing importance of expensive higher value dyes and pigments that meet increasinglystringent performance standards and preferences for more environmentally friendlyproducts. Despite the healthy growth even faster advances will be limited by a moderationin global vehicle production and slow growth in printing inks due to the challenges facingthe print media industry

4. DIVIDEND

Company has not recommended dividend for the year 2014-15.

5. MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION

No material changes and commitments affecting the financial position of the Companyoccurred between the ends of the financial year to which this financial statement relateon the date of this report

6. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS ANDOUTGO

The information pertaining to conservation of energy technology absorption Foreignexchange Earnings and outgo as required under Section 134 (3)(m) of the Companies Act2013 read with Rule 8(3) of the Companies (Accounts) Rules 2014 is furnished in Annexure…1….andis attached to this report.

7. INTERNAL FINANCIAL CONTROLS

The Company has in place adequate internal financial controls with reference tofinancial statements. During the year such controls were tested and no reportablematerial weaknesses in the design or operation were observed.

8. RISK MANAGEMENT POLICY OF THE COMPANY

The Company has a structured risk management policy. The Risk management process isdesigned to safeguard the organization from various risks through adequate and timelyactions. It is designed to anticipate evaluate and mitigate risks in order to minimizeits impact on the business. The potential risks are inventorised and integrated with themanagement process such that they receive the necessary consideration during decisionmaking. It is dealt with in greater details in the management discussion and analysissection.

9. Details of deposit made by Company are given in the notes of financial statementduring the period under review Company has not made any Investment or provided guaranteeas provided under the provision of section 186 of the Companies Act 2013.

10. COMPANY’S POLICY RELATING TO DIRECTORS APPOINTMENT PAYMENT OF

REMUNERATION AND DISCHARGE OF THEIR DUTIES

The Company’s Policy relating to appointment of Directors payment of Managerialremuneration Directors’ qualifications positive attributes independence ofDirectors and other related matters as provided under Section 178(3) of the Companies Act2013 is furnished in Annexure 2 and is attached to this report

11. ANNUAL RETURN

The extracts of Annual Return pursuant to the provisions of Section 92 read with Rule12 of the Companies (Management and administration) Rules 2014 is furnished in Annexure3 and is attached to this Report.

12. NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER REVIEW

Seven board meetings were held during the financial year under review. Details of themeetings of the board please refer to the corporate governance report which forms partof this report.

13. DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(5) of the Companies Act 2013 theBoard hereby submit its responsibility Statement:—

(a) In the preparation of the annual accounts the applicable accounting standards hadbeen followed along with proper explanation relating to material departures;

(b) the directors had selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the company at the end of the financial year and ofthe profit and loss of the company for that period; (c) the directors had taken proper andsufficient care for the maintenance of adequate accounting records in accordance with theprovisions of this Act for safeguarding the assets of the company and for preventing anddetecting fraud and other irregularities; (d) The directors had prepared the annualaccounts on a going concern basis; and (e) The directors in the case of a listed companyhad laid down internal financial controls to be followed by the company and that suchinternal financial controls are adequate and were operating effectively (f) The directorshad devised proper systems to ensure compliance with the provisions of all applicable lawsand that such systems were adequate and operating effectively.

14. SUBSIDIARIES JOINT VENTURES AND ASSOCIATE COMPANIES

The company has one wholly own subsidiary name as Camex HK Limited in the Hongkong.Pursuant to provisions of Section 129(3) of the Act a statement containing salientfeatures of the financial statements of the Company’s subsidiary in Form AOC-1 isattached to the financial statements of the Company.

15. DEPOSITS

The Company has neither accepted nor renewed any deposits during the year under review.

16. DIRECTORS

Mr. Sandeep Mundra (DIN 01834571) and Mr. Mahaveerchand Chopra (DIN: 03988369)Directors retire by rotation at the forthcoming Annual General Meeting and being eligiblehas offered themselves for reappointment.

Pursuant to provisions of Section 161(1) of the Companies Act 2013 Mrs. Indra Singhvi(DIN:07054136) is appointed as an Additional Director (Woman) w.e.f. 12-01-2015 and sheshall hold office only up to the date of this Annual General Meeting and being eligiblehas offered herself for re-appointement as director is not liable to retire by rotation.

Further Mr. Gaurav Chowdhary (DIN 03030914) and Dr. Ram Gopal Gupta (DIN 00247169) hadresigned as Director of the Company w.e.f. 05/07/2014 and 17/01/2015 respectively.

CA. Anand Jain is appointed as Chief Financial Officer with effect from 02/03/2015.

17. DECLARATION OF INDEPENDENT DIRECTORS

The Independent Directors have submitted their disclosures to the Board that theyfulfill all the requirements as stipulated in Section 149(6) of the Companies Act 2013read with the rules framed thereunder

18. REPORTS ON MANAGEMENT DISCUSSION ANALYSIS AND CORPORATE GOVERNANCE

As required under the Listing Agreement with Stock Exchanges ("ListingAgreement") management discussion and analysis and corporate governance report areannexed as Annexure 4 and Annexure 5 respectively to this Report.

19. SECRETARIAL AUDIT REPORT

Pursuant to Section 204 of the Act the Secretarial Audit Report for the Financial Yearended 31st March 2015 given by Ravi Kapoor & Associates Practicing Company Secretaryis annexed as Annexure 6 to this Report.

20. STATUTORY AUDITORS

M/s Surana Maloo & Co Chartered Accountant Ahmedabad were appointed as StatutoryAuditors for a period of three years in the Annual General Meeting held on 16.09.2014Their continuance of appointment and payment of remuneration are to be confirmed andapproved in the ensuing Annual General Meeting. The Company has received a certificatefrom the above Auditors to the effect that if they are reappointed it would be inaccordance with the provisions of Section 141 of the Companies Act 2013.

21. QUALIFICATIONS RESERVATIONS OR ADVERSE REMARKS

There was no qualifications reservations or adverse remarks made by the either by theAuditors or by the Practicing Company Secretary in their respective reports.

22. DISCLOSURE OF COMPOSITION OF AUDIT COMMITTEE AND PROVIDING VIGIL MECHANISM

The Audit Committee consists of the following members

1. Mr. Sunil Kothari

2. Mr.Chandraprakash Chopra

3. Mr..Sandeep Mundra

The above composition of the Audit Committee consists of independent Directors viz.Mr. Sunil Kothari and Mr. Sandeep Mundra who form the majority.

The Company has established a vigil mechanism and overseas through the committee thegenuine concerns expressed by the employees and other Directors. The Company has alsoprovided adequate safeguards against victimization of employees and Directors who expresstheir concerns. The Company has also provided direct access to the chairman of the AuditCommittee on reporting issues concerning the interests of co employees and the Company.

23. Details of significant and material orders passed by the regulators or courts ortribunal impacting the going concern status and company’s operations in future.

No such events occurred during the financial year 2014-15.

24. SHARES

a. BUY BACK OF SECURITIES

The Company has not bought back any of its securities during the year under review.

b. SWEAT EQUITY

The Company has not issued any Sweat Equity Shares during the year under review.

c. BONUS SHARES

No Bonus Shares were issued during the year under review.

D. EMPLOYEES STOCK OPTION PLAN

The Company has not provided any Stock Option Scheme to the employees.

25. INSURANCE

The properties and insurable assets and interests of the Company like building plantand machinery and stocks among others are adequately insured.

26. PARTICULARS OF EMPLOYEES

The information required under section 197 of the Act read with rule 5(1) of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 are annexedas Annexure 7.

27. CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

There were transaction with related parties as defined under Section 188 of theCompanies Act 2013. Kindly refer Form AOC-2 for further details in Annexure 8.

28. ANNUAL PERFORMANCE EVALUATION

In compliance with the provisions of the Act and Clause 49 of the Listing Agreementthe performance evaluation was carried out as under Board:

In accordance with the criteria suggested by The Nomination and Remuneration Committeethe Board of Directors evaluated the performance of the Board having regard to variouscriteria such as Board composition Board processes Board dynamics etc. The IndependentDirectors at their separate meetings also evaluated the performance of the Board as awhole based on various criteria. The Board and the Independent Directors were of theunanimous view that performance of the Board of Directors as a whole was satisfactory.

Committees of the Board:

The performance of the Audit Committee the Nomination and Remuneration Committee andthe Stakeholders Relationship Committee was evaluated by the Board having regard tovarious criteria such as committee composition committee processes committee dynamicsetc. The Board was of the unanimous view that all the committees were performing theirfunctions satisfactorily and according to the mandate prescribed by the Board under theregulatory requirements including the provisions of the Act the Rules framed there underand the Listing Agreement

Individual Directors:

(a) Independent Directors:

In accordance with the criteria suggested by The Nomination and Remuneration Committeethe performance of each independent director was evaluated by the entire Board ofDirectors excluding the director being evaluated) on various parameters like engagementleadership analysis decision making communication governance and interest ofstakeholders. The Board was of the unanimous view that each independent director was areputed professional and brought his/her rich experience to the deliberations of theBoard. The Board also appreciated the contribution made by all the independent directorsin guiding the management in achieving higher growth and concluded that continuance ofeach independent director on the Board will be in the interest of the Company.

(b) Non-Independent Directors:

The performance of each of the non-independent directors (including the chair person)was evaluated by the Independent Directors at their separate meeting. Further theirperformance was also evaluated by the Board of Directors. The various criteria consideredfor the purpose of evaluation included leadership engagement transparency analysisdecision making functional knowledge governance and interest of stakeholders. TheIndependent Directors and the Board were of the unanimous view that each of thenon-independent directors was providing good business and people leadership

29. ACKNOWLEDGEMENTS

Your Directors place on record their sincere thanks to bankers business associatesconsultants and various Government Authorities for their continued support extended toyour Companies activities during the year under review. Your Directors also acknowledgesgratefully the shareholders for their support and confidence reposed on your Company.

For and on behalf of the
Board of Directors
SD/
Place : Ahmedabad Chandraprakash Chopra
Date : 30th May 2015 Chairman & Managing Director
DIN: 00375421

Annexure 1

Information pursuant to section 134 (3) (m) of the Companies act 2013 along with Rule8(3) of the Companies (Accounts) Rules 2014 forming part of Directors’ Report forthe year ended on 31/03/2015

A. CONSERVATION OF ENERGY

(a) The steps taken or impact on conservation of energy;

Company is giving high priority to energy conservation and has continued with itspolicy. No such additional steps have taken during the year.

(b) The steps taken by the company for utilizing alternate sources of energy; Duringthe period under required no such steps has taken (c) The capital investment on energyconservation equipments;

No such capital investment on energy conservation equipments have been made

B. TECHNOLOGY ABSORPTION

1) the efforts made towards technology absorption; No such efforts have been madetowards technology absorption;

2) The benefits derived like product improvement cost reduction product developmentor import substitution:

No such benefits have been derived like product improvement cost reduction productdevelopment or import substitution

3) In case of imported technology : Company has not imported any technology during theyear 2014-15

4) Expenditure on R & D

No separate record of the expenditure incurred is maintained as the majority ofexpenses incurred are of revenue nature.

C. FOREIGN EXCHANGE EARNINGS AND OUTGO

The information in foreign exchange earnings and outgo is given below

Foreign Exchange Earnings : Rs 346770260
Foreign Exchange Outgo : Rs 851694222

Annexure 2

REMUNERATION POLICY:

In accordance with the provisions of Section 178(3) of the Companies Act 2013 theNomination and Remuneration Committee recommended the following remuneration policyrelating to the remuneration for the Directors Key Managerial Personnel and otheremployees which was approved and adopted by the Board.

I. REMUNERATION TO EXECUTIVE DIRECTORS; KEY MANAGERIAL PERSONNEL AND SENIOR

MANAGEMENT & OTHER EMPLOYESS:

The Board of Directors and Nomination & Remuneration Committee (subject toapplicable authorization from shareholders) is authorized to decide /recommend theremuneration and other terms of appointment of such Directors and Senior Managementemployees (one level below executive directors)and Key Management Personnel and otheremployees of the Company. The remuneration structure shall interalia include salaryperquisites retirement and/superannuation benefits as per HR Policy decided by themanagement of the Company. Based on the performance appraisals the changes in theremuneration shall be decided/recommended by the management/ executive directors.

The remuneration on appointment and on appraisal based on the performance of otheremployees (other than senior management & Key Managerial Personnel) shall be decidedby the functional head or business head from time to time considering the HR policy of theCompany. The remuneration components shall include basic salary allowances perquisitesretrial benefits; pay as may be decided by the Management from time to time. The level andcomposition of remuneration shall be reasonable and sufficient to attract retain andmotivate employees at all levels having regard to the industry practice.

OTHER TERMS APPLICABLE TO EXECUTIVE DIRECTORS AND SENIOR & KEY MANAGEMENT EMPLOYEES

i. The Remuneration and terms of employments shall be fixed/ recommended in such amanner that the relationship of remuneration to performance is clear and meets appropriateperformance benchmarks.

ii. The remuneration shall involve a good balance between fixed and incentive pay(considering industry benchmark/practice) reflecting short and long term performanceobjectives appropriate to the working of the Company and its goals.

iii. No director or executive should be directly involved in determining their ownremuneration or performance evaluation.

iv. The Executive Director Whole time Director/ Managing Director and/or SeniorManagement Employee shall be eligible for advances/loans as per prevalent HR Policy of theCompany subject to the applicable statutory provisions and approvals.

II. REMUNERATION TO NON-EXECUTIVE DIRECTORS:

Company is not paying remuneration to the non executive directors

III. CRITERIA FOR IDENTIFICATION OF PERSONS FOR APPOINTMENT AS DIRECTORS AND IN

SENIOR MANAGEMENT:

In accordance with the provisions of Section 178(3) of the Act read with Clause 49 ofthe Listing Agreement the Nomination and Remuneration Committee is required to formulatethe criteria for determining qualifications positive attributes for appointing a directorand independence of a Director and senior management. The criteria adopted by theNomination and Remuneration Committee for the aforesaid purpose is as under:

Criteria for determining qualifications positive attributes and independence of adirector:

I. QUALIFICATIONS:

(a) He/ She should possess appropriate skills experience and knowledge in one or morefields of finance law management sales marketing administration research corporategovernance technical operations or other disciplines related to the company’sbusiness.

(b) Such qualifications as may be prescribed under the Companies Act 2013 read withrules framed there under and the Listing Agreement with Stock Exchanges.

A. Criteria for appointing a Director:

a. He should be a person of integrity with high ethical standards.

b. He should be able to commit to his responsibilities and devote sufficient time andattention to his professional obligation as a Director.

c. He should be having positive thinking courtesy humility.

d. He should be knowledgeable and diligent in updating his knowledge.

e. He should have qualifications skills experience and expertise by which the Companycan benefit.

f. In respect of independent director in addition to the above (a) to (e) he shouldfulfil the criteria for being appointed as an Independent Director prescribed undersection 149 of the Companies Act 2013 read with Schedule IV to the said Act and theprovisions of clause 49 of the Listing Agreement.

g. In respect of Executive/Whole time Director/Managing Director in addition to above(a)to

(f) he should have strong quality of leadership and team mentoring recognitionmanagement skills vision ability to steer the organization even in adverse conditionsinnovative thinking result oriented approach ability to enhance reputation of theorganization.

B. Criteria for appointing a Senior Management Employee/ Key Managerial Personal:

a. He should have the required educational qualification skills and functionalknowledge for the post and eye for detailing & compliance

b. He should have integrity humility positive thinking leadership qualitiessincerity alert hardworking team building ability good soft skills transparency indealings with the Company and other stakeholders.

c. Screening of the potential conflicts of interest and independence .

d. Detailed background information in relation to a potential candidate should beprovided to all directors.

e. The identification of potential candidates may be assisted by the use of externalsearch organizations as may be considered appropriate.

Annexure 3

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 Companies(Management & Administration) Rules 2014.

I. Registration & Other Details

CIN L24230GJ1989PLC013041
Registration Date 22.11.1989
Name of The Company Camex Limited
Category/Sub Category of the Company Public Company Limited by shares
Address of the Registered office & contact details Camex House 2nd Floor
Stadium Commerce Road
Navrangpura Ahmadabad- 380 009
Whether listed company Yes
Name Address & contact details of the Registrar Link Intime India Private Limited
& Transfer Agent if any. 303 3rd Floor Shoppers’ Plaza –V
Opp. Municipal Market
B/h. Shoppers’ Plaza II Off. C.G. Road
Ahmedabad – 380 009

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activitiescontributing 10 % or more of the total turnover of the company shall be stated)

Sr. No. Name & Description of the product NIC Code % to total turnover
1 Dyes & Chemicals 24114 100

III. PARTICULARS OF HOLDING SUBSIDIARY AND ASSOCIATE COMPANIES

Sr. No. Name and Address of the Company CIN /GLN Holding/ Subsidiary/ Associate % of Shares held Applicable Section
1 Camex HK Limited Not Applicable Wholly Own Subsidiary 100% 2(87)

WOS is incorporated in the Hongkong The registration number of the Hongkong is59898212-000-06-50-8

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)i) Category-wise Share Holding:

Category of the Shareholders No. of Shares held at the beginning of the year No. of Shares held at the beginning of the year
[As on 31-March-2014] [As on 31-March-2015] %
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares Change during the Year
A Promoters
Individuals / State / Central 5893747 0 5893747 57.73 5893747 0 5893747 57.73 0
Government 0 0 0 0 0
Bodies Corporate 1000000 0 1000000 9.80 1000000 0 1000000 9.80 0
Financial Institution 0 0 0 0 0 0 0 0
Any Other 0 0 0 0 0 0 0 0
Sub Total 6893747 0 6893747 67.53 6893747 6893747 67.53 0
Foreign
Individuals / 0 0 0 0 0 0 0 0 0
Finance Institution 0 0 0 0 0 0 0 0 0
Bodies Corporate 0 0 0 0 0 0 0 0 0
Qualified Institution 0 0 0 0 0 0 0 0 0
Buyer
Any Other 0 0 0 0 0 0 0 0 0
Sub Total 6893747 6893747 67.53 6893747

689374767.53

Public Shareholding
Institutions
Financial Institutions 0 1000 1000 0.00 0 1000 1000 0.01 0
Banks
State / Central
Government 0 0 0 0 0 0 0 0 0
Mutual Funds 0 0 0 0 0 0 0 0 0
Venture Capital Funds 0 0 0 0 0 0 0 0 0
Insurance Company 0 0 0 0 0 0 0 0 0
FII 0 0 0 0 0 0 0 0 0
Foreign Venture 0 0 0 0 0 0 0 0 0
Capital Investor
Qualified Foreign 0 0 0 0 0 0 0 0 0
Investor
Any Others 0 0 0 0 0 0 0 0 0
Sub Total 1000 1000 0 1000 1000 0.01 0
Non Institutions
Bodies Corporate Individuals 45462 14700 60162 0.59 53074 14700 67774 0.66 +0.07
Individual shareholders holding nominal share capital up to Rs. 1 lakh 372132 836560 1208692 11.84 384338 821460 1205798 11.81 -0.03
Individual shareholders holding nominal share capital in excess of Rs. 1 lakh 1996189 44187 2040376 19.99 1987506 40910 2028416 19.87 -0.12
Qualified Foreign Investor 0 0 0 0
Clearing Members 2955 2955 2955 0.09 9938 9938 9938 0.09 0
Non Resident Indians 1299 1299 1299 0.03 1599 1599 1599 0.03 0
(Repeat)
Non Resident Indians 69 69 69 0.00 28 28 28 0.00
(Non Repeat) 0
Govt Nominee 0 400 400 0.00 0 400 400 0.00 0
Sub Total 2419106 895847 3314953 32.47 2436483 877470 331495332.47 0
Total Public Share Holding Shares held by 0 0 0 0 0 0 0 0 0
Custodians and against which
Depository Receipts have been issued
Promoter and 0 0 0 0 0 0 0 0 0
Promoter Group Public 0 0 0 0 0 0 0 0 0
Sub Total C 0 0 0 0 0 0 0 0 0
TOTAL 8312853 189584710208700 100.00 9331230 877470 10208700 100 0

ii) Shareholding of Promoters:

Category of the Shareholders No. of Shares held at the beginning of the year No. of Shares held at the beginning of the year
[As on 31-March-2014] [As on 31-March-2015]
No. of Shares % of total Shares of the company % of Shares Pledged / encumbered to total shares No. of Shares % of total Shares of the company % of Shares Pledged / encumbered to total shares % change during the year
Chandrapraksh Chorpa 1134230 11.11 0.00 1134230 11.11 0.00 0.00
Jayshree Chopra

648385

6.35

0.00

648385

6.35

0.00

0.00

Devendrakumar Chopra

581041

5.69

0.00

581041

6.35

0.00

0.00

Chandraprakash B Chopra

507800

4.97

0.00

507800

4.97

0.00

0.00

HUF
Jitendrakumar Chopra

730300

7.15

0.00

730300

7.15

0.00

0.00

Anitadevi Chopra

610000

5.98

0.00

610000

5.98

0.00

0.00

Nikita Chopra

172500

1.69

0.00

172500

1.69

0.00

0.00

Indradevi

155321

1.52

0.00

155321

1.52

0.00

0.00

Rahul Chopra 731370 7.16 0.00 731370 7.16 0.00 0.00
Kalpesh Chopra 322800 3.16 0.00 322800 3.16 0.00 0.00
Camex Reality
Private Limited 1000000 9.80 0.00 1000000 9.80 0.00 0.00
Preksha Chopra 300000 2.94 0.00 300000 2.94 0.00 0.00
Total 6893747 67.53 0.00 6893747 67.53 0.00 0.00

(iii) Change in Shareholding of Promoters-

There is no change in shareholding of promoters.

(iv) Shareholding Pattern of top ten Shareholders: (Other than Directors Promoters andHolders of GDRs and ADRs):

For Each of the Top 10 Shareholders Shareholding of the Beginning of the year 31.03.2014 Cumulative Shareholding during the year 31-03-2015
No. of shares % of total shares No. of shares % of total shares
Hiren Shrimal 100000 0.97 100000 0.97
Ankit Shrimal 100000 0.97 100000 0.97
Shashank Shrimal 100000 0.97 100000 0.97
Monika Shrimal 100000 0.97 100000 0.97
Ashokkumar Shrimal 100000 0.97 100000 0.97
Ranjanaben Shah 100000 0.97 100000 0.97
Puja Soni 100000 0.97 100000 0.97
Dashrath Soni 100000 0.97 100000 0.97
Parth Soni 100000 0.97 100000 0.97
Uttamchand 81028 0.79 81028 0.79

(v) Shareholding of Directors and Key Managerial Personnel:

For Each of the directors and KMP Shareholding of the Beginning of the year 31.03.2014 Cumulative Shareholding during the year 31-03-2015
No. of shares % of total shares No. of shares % of total shares
Chandrapraksh Chopra- 1134230 11.11 1134230 11.11
Managing Director
Date wise Increase / Decrease (allotment transfer & sweat equity 0 0 0 0
Mahaveer Chopra- 27695 0.02 27695 0.02
Whole time Director
Date wise Increase / Decrease (allotment transfer & sweat equity 0 0 0 0
Jitendra Chopra-
Whole time director 730300 7.15 730300 7.15

Shareholding of Directors and Key Managerial Personnel:

For Each of the directors and KMP

Shareholding of the Beginning of the year 31.03.2014

Cumulative Shareholding during the year 31-03-2015

No. of shares % of total shares No. of shares % of total shares
Date wise Increase / Decrease (allotment transfer &sweat equity 0 0 0 0
Sandeep Mundra-
Non Executive Independent Director 0 0 0 0
Date wise Increase / Decrease (allotment transfer &sweat equity 0 0 0 0
Sunil Kothari - Non Executive
Independent Director 0 0 0 0
Date wise Increase / Decrease (allotment transfer &sweat equity

0

0

0

0

Indira Singhvi - Non Executive
Independent Director 0 0 0 0
Date wise Increase / Decrease (allotment transfer & sweat equity 0 0 0 0
Mr. Anand Jain- CFO 23673 0.23 23673 0.23
Date wise Increase / Decrease 0 0 0 0
(allotment transfer &sweat equity
Mr. Ramya Pandya – 0 0 0 0
Company secretary
Date wise Increase / Decrease
(allotment transfer & sweat equity 0 0 0 0

V. INDEBTEDNESS - Indebtedness of the Company including interest outstanding/accruedbut not due for payment.

Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
Principal Amount 45376706 43069605 0.00 48446311
Interest due but not paid 0.00 0.00 0.00 0.00
Interest accrued but not due 0.00 0.00 0.00 0.00
Total 45376706 43069605 0.00 48446311
Change in Indebtedness during the financial year
Additiction 24857963 95105900 0.00 119963863
Reduction 3722746 133435195 0.00 137157941
Net Change 21135217 38329295 0.00 17194078
Indebtedness at the end of the financial year
Principal Amount 26511923 4740310 0.00 31252233
Interest due but not paid 0.00 0.00 0.00 0.00
Interest accrued but not due 0.00 0.00 0.00 0.00

VI) REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director Whole-time Directors and/or Manager:

Particulars of Remuneration Name of MD/WTD

Total

Mr.Chandra- prakash

Mr.Mahaveer- chand

Mr.Jitendra Chopra-

Amount Gross
Chopra- MD Chopra- W TD W TD Salary
(a) Salary as per provisions contained in section 17(1) of the Income Tax Act 1961 3600000 2400000 1200000 7200000
(b) Value of perquisites u/s 17(2) Income Tax Act 1961 0 0 0
(c) Profits in lieu of salary under section 17(3) Income Tax Act1961 0 0 0
Stock Option 0 0 0
Sweat Equity 0 0 0
Commission 0 0 0
Others please specify
a) Company’s contribution to the Provident Fund
b) Company’s contribution to the Superannuation scheme
c) Medical Allowance
d) Medi-claim & Accident Insurance 0 0 0
TOTAL 3600000 2400000 1200000 7200000
Ceiling as per the Act 4200000 4200000 4200000

B. Remuneration to other directors

Particulars of Remuneration Name of Non Executive & Independent Directors
Mr. Sunil Mr. Sandeep

Mr. Gaurav

Smt Indra

Total

Kothari -

Mundra-

Chowdhary-

Singhvi- Amount
Fee for attending board committees Commission & Others 0 0 0 0 0
Total 0 0 0 0 0
Total Managerial 0 0 0 0 0
Remuneration
Ceiling as per the Act N.A. N.A. N.A. N.A. N.A.

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/ WTD

Mr. Anand Jain- CFO * Mr. Ramya Pandya – Company secretary
Gross Salary
(a) Salary as per provisions contained in section 17(1) ofthe Income Tax Act 1961 100000 420000
(b) Value of perquisites u/s 17(2)
Income Tax Act 1961 0 0
(c) Profits in lieu of salary under section
17(3) Income Tax Act1961 0 0
Stock Option 0 0
Sweat Equity 0 0
Commission 0 0
Others please specify
a) Company’s contribution to the Provident Fund
b) Company’s contribution to the Superannuation scheme
c) Medical Allowance
d) Medi-claim & Accident Insurance 0 0
TOTAL 100000 420000
Ceiling as per the Act 4200000 4200000

Mr. Anand Jain is appointed as CFO of the Company from 2nd March 2015.

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type Section of the Companies Act Brief Description Details of Penalty / Punishment/ Compounding fees imposed Authority [RD / NCLT/ COURT] Appeal made if any (give Details)
COMPANY
Penalty
Punishment NONE
Compounding
DIRECTORS
Penalty NONE
Punishment
Compounding
OTHERS OFFICERS
IN DEFAULT
Penalty
Punishment NONE
Compounding

 

For and on behalf of the Board
Place : Ahmedabad Chandrapraksh Chopra
Dated : 30th May 2015 Chairman and Managing Director
(DIN :00375421)

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard