Enjayes Natural Flavours Ltd.
||ISIN Code: N.A.
05:30 | 01 Jan
Enjayes Natural Flavours Ltd
05:30 | 01 Jan
Enjayes Natural Flavours Ltd
Enjayes Natural Flavours Ltd. (ENJAYESNATURAL) - Director Report
Company director report
ENJAYES NATURAL FLAVOURS LIMITED
ANNUAL REPORT 2000-2001
Your Directors have pleasure in Presenting the Annual Report together with
the Audited Accounts of the Company forth year ended 31st March, 2001.
During the year under review, Company suffered a loss of Rs.98.78 lakhs.
The cumulative loss stands at Rs.172.66 lakhs.
Your Directors are making all out efforts to review the Company.
Negotiation with Banks and Financial Institutions are on.
The Company has complied with the Accounting Standards of the institute of
Chartered Accountants of India, and the Accounts have been drawn in
conformity with those Accounting Standards.
PROJECTION VS PERFORMANCE
(Rs. in Lakhs)
Projection as per Actual
Public Issue prospectus Performance
Total Income 1167.30 66.89
Profit Before Tax 145.38 -98.78
Profit After Tax 145.38 -98.78
EPS(RS.) 2.80 -
Dividend (%) 15% -
Mr. E. M. Babu, E. M. Rajan and Abraham P. V. retire by rotation and being
eligible offers themselves for reappointment.
During the year under review, Company has not accepted any deposit from
public through advertisement.
PARTICULARS REGARDING CONSERVATION OF ENERGY & FOREIGN EXCHANGE EARNINGS
Information as per the Companies (Disclosure of particulars in the Report
of Board of Directors) Rules, 1998 relating to conservation of energy,
technology absorption and foreign exchange earnings and outgo are given in
Annexure- 'A' forming part of this report.
Pursuant to Section 217 (2A) of the Companies Act, 1956 read with the
Companies (particulars of Employees) Rules, 1975, there were no employees
during the year under report whose remuneration is not less than Rupees six
Lakhs per annum or Rupees Fifty Thousand per month.
DIRECTORS RESPONSIBILITY STATEMENT
Your Directors confirm that (i) the accounts have been prepared in
conformity with the applicable accounting standards
(ii) the Directors had selected such accounting policies and applied them
consistently and made judgements 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;
(iii) the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of Companies Act, 1956, for safeguarding the assets of the
company and for preventing and detecting fraud and other irregularities;
(iv) the directors had prepared the annual accounts on a going concern
The Auditors M/s. Krishnamoorthy & Co., Chartered Accountants. Kollam,
Kerala retire at the forthcoming Annual General meeting, and being
eligible, offer themselves for reappointment.
As to the comments of the Auditors that the company has entered into a
contract which attracts section 301 of the Companies Act, 1956, for the
sale of Companys product, your Directors would like to clarify that the
product as sold at the prevailing market price in semi-processed form
warranting further processing/refinement.
Regarding interal Audit set-up, the business of the company is negligible
during the year under review which does not necessitate to appoint an
Since the paid up capital of the company is Rs.4.77 crores the corporate
governance code of SEBI is not applicable on the company during the year
Your directors wish to express their sincere appreciation for the support
and Co-operation received from the Government of Tamil Nadu, Bankers to the
company, Shareholders, Employees and other Stakeholders.
For & on behalf of the Board
Pathanamthitta N.S. JOHN
Date : 29.08.2001 Chairman & Managing Directors
ANNEXURE `A' TO THE DIRECTORS' REPORT
A. CONSERVATION OF ENERGY
Company uses semi-continuous process which not only increases productivity
but also conserves Electricity. Capacitors having 90 KVR are installed so
as to maintain the power factor at 0.95.
B. TECHNOLOGY ABSORPTION
The company does not use any Foreign Technology for manufactures of Spice
Oils and Oleoresins. However, Company has its own Research and Development
programme to add the list of value added Spice Oils and Oleoresins.
C. FOREIGN EXCHANGE EARNING AND OUTGO
1. Earning-Export Sales Nil 114.72
2. Outgo Nil 1.47
For and on behalf of the Board,
Date : 29.08.2001 Chairman & Managing Director
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