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Madhur Industries Ltd.

BSE: 519279 Sector: Agri and agri inputs
NSE: MADHURFOOD ISIN Code: INE110C01015
BSE LIVE 18:40 | 19 Oct 10.79 0.51
(4.96%)
OPEN

10.79

HIGH

10.79

LOW

10.79

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 10.79
PREVIOUS CLOSE 10.28
VOLUME 1
52-Week high 20.90
52-Week low 10.00
P/E 37.21
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 9.77
Sell Qty 1999.00
OPEN 10.79
CLOSE 10.28
VOLUME 1
52-Week high 20.90
52-Week low 10.00
P/E 37.21
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 9.77
Sell Qty 1999.00

Madhur Industries Ltd. (MADHURFOOD) - Director Report

Company director report

Directors' Report

To,

The Members of,

M/s Madhur Industries Limited,

Your Directors have pleasure in presenting the Annual Report of the Company togetherwith the Audited Accounts for the financial year ended on 31st March 2012.

1. Financial Results (Rs. in lacs)
Particulars 2011-12 2010-11
Sales 626.96 458.33
Other income 12.14 16.93
Depreciation 21.66 20.70
Other Expenditure 607.84 446.10
Exceptional Items 0.79 0
Profit/ Loss before Tax 8.81 8.63
Profit/Loss after Tax 3.99 8.63

During the current year your company has achieved a reasonable level of growth. We arehoping that the phenomenal growth shall be achieved during the next coming years.

2. Directors

Mr.Vittala Shetty, Director of the company retires at the ensuring Annual Generalmeeting and eligible for re-appointment.

Mr. Narendra Chavda was appointed as Additional Director in the Board Meeting held on19th June, 2012. Company has received notice in writing proposing his candidature for theoffice of Director.

3. Personnel

Your directors' wish to place on record their appreciation for the contribution togrowth .of the business made by employees at all levels. Information as required pursuantto section 217 [2A] of the companies Act, 1956 has not been given, as it is notapplicable.

4. Auditors

M/s Purushottam Khandelwal & Co., Chartered Accountants, Ahmedabad, Auditor of theCompany retire at the conclusion of ensuing Annual General Meeting and being eligible,offer themselves for Re-appointment.

5. Deposits

During the year, Company has not accepted inter corporate Deposits, which falls underSection 58A of Companies Act, 1956.

6. Energy, Technology And Foreign Exchange

The additional information required to be disclosed in terms of notification No.lG29dated 31st December, 1998 issued by the Department of Company Affairs, Ministry of Financeis not applicable.

7. Directors' Responsibility Statement

Pursuant to Section 217(2A) of Companies Act, 1956, the Directors confirm that:

i. In the preparation of Annual Accounts, appropriate accounting standard have beenfollowed.

ii. Appropriate accounting policies have been selected and applied consistently andjudgments and estimates made that are reasonable and prudent so as to give true and fairview of state of affairs of the company at the end of financial year ended 31st March,2012.

iii. Proper and sufficient care has been taken for the maintenance of adequateaccounting records in accordance with the provisions of Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and otherirregularities.

iv. The Annual Accounts have been prepared on going concern basis.

8. Auditor's Qualification

Auditors have qualified their report to the members of the Company. In this connectiondirectors of the Company have discussed the same at arm's length on the recommendation ofaudit committee and have initiated to take necessary action so as to show fair view ofstate of affairs of the company in the coming financial year.

9. Report on Corporate Governance

Compliance Report on Corporate Governance is a part of Annual Report is annexedherewith.

10. Acknowledgements

Your Directors wish to please on record their appreciation of the whole heartedco-operation extended to company from various departments of the central and stategovernments, company' bankers and financial institutions and employees of the company andlook forward for the same cordial relationship in coming years.

PLACE: AHMED ABAD FOR AND ON BEHALF OF THE BOARD
DATE -.28/05/2012 Sd/-
CHAIRMAN