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Cybele Industries Ltd.

BSE: 531472 Sector: Engineering
NSE: N.A. ISIN Code: INE183D01010
BSE LIVE 14:58 | 02 Dec 6.45 -0.30
(-4.44%)
OPEN

7.00

HIGH

7.00

LOW

6.45

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 7.00
PREVIOUS CLOSE 6.75
VOLUME 2100
52-Week high 8.26
52-Week low 4.68
P/E 20.16
Mkt Cap.(Rs cr) 6.90
Buy Price 0.00
Buy Qty 0.00
Sell Price 6.45
Sell Qty 100.00
OPEN 7.00
CLOSE 6.75
VOLUME 2100
52-Week high 8.26
52-Week low 4.68
P/E 20.16
Mkt Cap.(Rs cr) 6.90
Buy Price 0.00
Buy Qty 0.00
Sell Price 6.45
Sell Qty 100.00

Cybele Industries Ltd. (CYBELEINDS) - Director Report

Company director report

Director's Report

Your Directors hereby present the Twenty First Annual Report together with the AuditedAccounts for the year ended 31st March 2014

FINANCIAL RESULTS

2013-2014 2012-2013
( Rs. in Lakhs)
Profit before Interest and
Depreciation 244.07 470.49
Less : Interest 19.14 20.12
Profit before Depreciation 224.93 450.37
Less : Depreciation 61.59 58.97
163.34 391.40
Less : Preliminary exp. written off 10.00 10.00
Net Profit carried to B/S 153.34 381.40

DIVIDEND

The Board of Directors could not recommend any dividend due to future expansionactivities of the Company.

OPERATIONS

During the year under review the Company has taken steps to improve the operations ofthe Company. The Company achieved a revenue of Rs.12.63 Crores and net profit of Rs.1.53crores. The Directors are taking all the steps to improve the performance of the Companyin the years to come.

PERSONNEL

No employee was in receipt of remuneration in excess of the limits specified underSection 217(2A) of the Companies Act1956.

ENERGY TECHNOLOGY AND FOREIGN EXCHANGE

Information pursuant to Section 217(1) (e) of the Companies Act1956 read with theCompanies (Disclosure of particulars in the Report of Board of Directors) Rules 1988 isfurnished in the Annexure..

DIRECTORS

Mr. Thomas P Joy retires at the ensuing Annual General Meeting and offers himself beingreappointed as Director.

DIRECTOR’S RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies Act 1956 withrespect to Director’s Responsibility Statement it is hereby confirmed that :

(i) in preparation of the annual accounts for the financial year ended 31stMarch 2014 the applicable accounting standards had been followed along with properexplanation relating to material departures;

(ii) the directors had selected such accounting policies and applied them consistentlyand made judgements 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 or loss of the company for the year under review;

(iii) the directors had taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 1956for safeguarding the assets of the company and for preventing and detecting fraud andother irregularities;

(iv) the directors had prepared the accounts for the financial year ended 31st March2014 on a ‘going concern’ basis.

Corporate Social Responsibility Committee

Your Directors have constituted the Corporate Social Responsibility Committee (CSRCommittee) comprising Mr. N. Karuppiah as the Chairman & Mr. Sunny Kutty George andMr. P.A. Joykutty as members. The said committee as been entrusted with the responsibilityof formulating and recommending to the Board a Corporate Social Responsibility Policy(CSR Policy) indicating the activities to be undertaken by the Company monitoring theimplementation of the frame work of the CSR Policy and recommending the amount to be spenton CSR activity.

AUDITORS

M/s. Karpagam & Co. the Auditors of the Company retire at the conclusion of theensuing Annual General Meeting and are eligible for reappointment.

CORPORATE GOVERNANCE

Pursuant to Clause 49 of the Listing Agreements with the Stock Exchanges a Report onCorporate Governance with Auditor ’s Certificate on compliance of conditions ofCorporate Governance with Auditor ’s Certificate on compliance of conditions ofCorporate Governance and a

Management Discussion & Analysis Report have been attached to form part of theAnnual Report.

ACKNOWLEDGEMENT

The Directors wish to place on record their appreciation of the dedication andexcellent contribution made by all the concerned. The Directors would like to thank theSuppliers and above all the Shareholders and valued Customers for their continued supportand patronage.

(By order of the Board)
for CYBELE INDUSTRIES LIMITED
Place : Chennai P.A.JOYKUTTY
Date : 30.05.2014 Chairman
& Managing Director

ANNEXURES TO DIRECTOR’S REPORT FOR THE YEAR ENDED 31st MARCH 2014

Information pursuant to the Section 217(1)(e) of the Companies Act1956 read with theCompanies (Disclosures of particulars in the Report of Board of Directors) Rules1988.

A. CONSERVATION OF ENERGY :

Energy conservation measures are being taken with in our Plant as an ongoing exercise.

B. TECHNICAL ABSORPTION : FORM B RESEARCH AND DEVELOPMENT

1. Specific areas in which
R & D carried out by the Company :
2. Benefits derived as a result of the above R & D : Nil
3. Future plan of action :
4. Expenditure on R & D :
1. Capital
2. Recurring
3. Total
4. Total R & D expenditure as a percentage of total turnover

TECHNOLOGY ABSORPTION ADAPTATION AND INNOVATION :

1. Efforts in brief made towards technology absorption adaptation and innovation

2. Benefits derived as a result of the above efforts e.g. product improvement costreduction product development import substitution etc. Nil

3. In case of imported technology (imported during the last 5 years reckoned from thebeginning of the financial year) following information may be furnished : Nil

(a) Technology imported :

(b) Year of import

(c) Has technology been fully absorbed ?

(d) If not fully absorbed areas where this has not taken place reasons therefor andfuture plans of action

C. FOREIGN EXCHANGE EARNINGS AND OUTGO :

i) Activities relating to exports initiatives taken to increase exports developmentof new export market for products and services and export plans :nil

ii) Total foreign exchange used and earned :

Current Year Previous Year
(Rs. in Lakhs)
Used - -
Earned - -

 

(By order of the Board)
for CYBELE INDUSTRIES LIMITED
Place : Chennai P.A.JOYKUTTY
Date : 30.05.2014 Chairman
& Managing Director

 

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