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Neha International Ltd.

BSE: 519560 Sector: Others
NSE: NEHAINT ISIN Code: INE874D01022
BSE LIVE 15:14 | 17 Nov 6.70 -0.05
(-0.74%)
OPEN

6.90

HIGH

6.94

LOW

6.50

NSE 00:00 | 27 Jun Stock Is Not Traded.
OPEN 6.90
PREVIOUS CLOSE 6.75
VOLUME 20225
52-Week high 12.00
52-Week low 4.60
P/E 7.70
Mkt Cap.(Rs cr) 19
Buy Price 6.70
Buy Qty 230.00
Sell Price 6.77
Sell Qty 45.00
OPEN 6.90
CLOSE 6.75
VOLUME 20225
52-Week high 12.00
52-Week low 4.60
P/E 7.70
Mkt Cap.(Rs cr) 19
Buy Price 6.70
Buy Qty 230.00
Sell Price 6.77
Sell Qty 45.00

Neha International Ltd. (NEHAINT) - Director Report

Company director report

To the Members

The Directors have pleasure in presenting before you the Twenty Second Annual Report ofthe Company together with the Audited Statements of Accounts for the year period ended31st March 2016.

Financial Results: Stand Alone

(Rs. in lakhs)
Particulars (2015-16) (2013-15)
01.04.2015 to 31.03.2016 01.07.2013 to 31.03.2015
1 Gross Income 25232.84 30008.08
2 Profit Before Interest and Depreciation 716.93 1019.79
3 Finance Charges 338.41 642.72
4 Gross Profit 378.52 377.07
5 Provision for Depreciation 5.82 12.32
6 Net Profit Before Tax 372.70 364.75
7 Provision forTax 144.27 115.92
8 Net Profit After Tax 228.43 248.83
9 Balance of Profit brought forward 228.43 248.83
10 Balance available for appropriation 228.43 248.83
11 Proposed Dividend on Equity Shares 0 0
12 Taxon proposed Dividend 0 0
13 Transfer from General Reserve 0 0
14 Surplus carried to Balance Sheet 228.43 248.83

Financial Results Consolidated

(Rs. in lakhs)
Particulars (2015-16) (2013-15)
01.04.2015 to 31.03.2016 01.07.2013 to 31.03.2015
1 Gross Income 64076.01 32717.78
2 Profit Before Interestand Depreciation 1519.84 1026.1
3 Finance Charges 637.24 682.71
4 Gross Profit 882.60 343.39
5 Provision for Depreciation 147.86 238.28
6 Net Profit Before Tax 734.74 105.11
7 Provision forTax 214.15 115.92
8 Net Profit After Tax 520.59 (10.81)
9 Minority Interest 104.16 (70.97)
10 Balance of Profit brought forward 624.75 60.16
11 Balance available for appropriation 624.75 60.16
12 Proposed Dividend on Equity Shares 0 0
13 Tax on proposed Dividend 0 0
14 Transfer from General Reserve 0 0
15 Surplus carried to Balance Sheet 624.75 60.16

OPERATIONS

The standalone revenues stood at Rs. 25232.84 lakhs for the year ended 3l.03.20l6.TheCompany achieved a standalone operational profit of Rs. 228.43 Lakhs.The Directors do notrecommend any dividend for the period ended 31st March 2016keepingin mind the fundrequirements.

The company recorded revenue of Rs. 64076.01 lakhs in consolidated financials fortheperiod ended 31st March 2016.

MANAGEMENT DISCUSSIONANDANALYSIS REPORT

In terms of provisions of Regulation 34 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations2015 the Management's Discussion andAnalysis is set out inthisAnnual Report.

CORPORATE GOVERNANCEAND SHAREHOLDERS INFORMATION

Your Company has taken adequate steps to adhere to all the stipulations laid down inSEBI (Listing Obligations and Disclosures Requirements)2015.

A report on Corporate Governance is included as a part of thisAnnual Report.Certificatefrom the StatutoryAuditors of the company M/s .Mathesh & Ramana Chartered Accountantsconfirming the compliance with the conditions of Corporate Governance as stipulated underSEBI (Listing Obligations and Disclosures Requirements) 2015 is included as a part ofthis report.

LISTINGWITH STOCK EXCHANGES

The Company confirms that it has paid the Annual Listing Fees for the year 2016-17 toBSE where the Company's Shares are listed.

DEMATERIALISATION OF SHARES

99.20% of the company's paid up Equity Share Capital is in dematerialized form as on31st March 2016 and balance

0.80% is in physical form.The Company's Registrars are M/s XL Softech Systems Ltd.having their registered office at 3 Sagar Society Road No.2Banjara HillsHyderabad -500034.

Number of Board Meetings held

This is included in Corporate Governance Report.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act 2013 Directors of your Company herebystate and confirm that:

a) in the preparation of the annual accounts for the period ended 31st March 2016 theapplicable accounting standards have been followed along with proper explanation relatingto material departures;

b) they have selected such accounting policies and applied them consistently and madejudgments and estimates that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the company at the end of the period and of the profit of thecompany for the same period;

c) the directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 2013 forsafeguarding the assets of the company and for preventing and detectingfraud and otherirregularities;

d) they have prepared the annual accounts on a going concern basis;

e) they have laid down internal financial controls in the company that are adequate andwere operating effectively.

f) they have devised proper systems to ensure compliance with the provisions of allapplicable laws and these are adequate and are operating effectively

AUDIT OBSERVATIONS

The Management has taken reasonable steps for recovery of sundry debtors.

The management is taking various steps to improve the net worth and is confident ofachieving it in the coming years.

AUDITORS

i) StatutoryAuditors

The Auditors M/s Mathesh & Ramana Chartered Accountants opted forreappointmentYour Directors recommended their appointment.

ii) SecretarialAudit

Accordingto the provision of section 204 of the CompaniesAct2013 read with Rule 9ofthe Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 theSecretarialAudit Report submitted by Company Secretary in Practice is enclosed as a partofthis reportAnnexure-A.

FIXED DEPOSITS

The Company has not invited/accepted deposits from the public within the meaning ofSection 73 to 76 of the CompaniesAct2013.

PERSONNEL

Employee relations continue to be cordial.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS ANDOUTGO

Information required under section 134(3)(m) of the Companies Act 2013 read with Rule8 of the Companies (Accounts) Rules 2014.

The Company is not into manufacturing activity. Hence NotApplicableto the Company

CORPORATE SOCIAL RESPONSIBILITY (CSR)

The company has not crossed the thresh hold limit to implement CSR. Hence notApplicableto the Company during the year under report.

VIGIL MECHANISM

In pursuant to the provisions of section 177(9) & (10) of the Companies Act 2013aVigil Mechanism for directors and employees to report genuine concerns has beenestablished.

CONSOLIDATED FINANCIAL STATEMENTS

In terms of Regulation 33 of SEBI (LODR)2015 with the Stock Exchange and as prescribedby Accounting Standard 21 notified by the Government of India under section 211(3c) of theCompanies Act 2013 the Audited consolidated financial statements for the period ended31st March 2016 are annexed and forms part ofthe annual Report.

RELATED PARTYTRANSACTIONS

Related party transactions that were entered during the financial year were in theordinary course of business. There were no materially significant related partytransactions which could have had a potential conflict with the interests of the Company.Particulars of contracts entered during the year as per Form AOC-2 is enclosed asAnnexure-B.

EXTRACT OFANNUAL RETURN

The details forming part of the extract of theAnnual Return in Form MGT-9 is annexedherewith as Annexure-C.

PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS

Details of Loans Guarantees and Investments covered under the provisions of Section186 of the Companies Act 2013 are given in the notes to the Financial Statements.

REMUNERATION RATIO OF THE DIRECTORS/ KEY MANAGERIAL PERSONNEL (KMP)/ EMPLOYEES

The information required pursuant to Section 197 read with Rule 5 ofThe Companies(Appointment and Remuneration of Managerial Personnel) Rules2014 and Companies(Particulars of Employees) Rules 1975 in respect of employees of the Company andDirectors is furnished hereunder:

Sl. No Name Designation Remuneration paid FY 2013-15 Rs. lakhs Remuneration paid FY 2015-16 Rs. lakhs Increase in remuneration from previous year Rs. lakhs
1 Mr. G.Vinod Reddy Managing Director (KMP) 18.00 18.00 -
2 Mr. Srinivas Sarika CFO (KMP) NA 18.00 -
3 Mr. Manoj Sali CS(KMP) NA 5.50 -

DEVELOPMENTAND IMPLEMENTATION OFA RISK MANAGEMENT POLICY

The Company has been addressing various risks impacting the Company and the policy ofthe Company on risk management is provided elsewhere in thisAnnual Report in ManagementDiscussion andAnalysis.

ACKNOWLEDGEMENT

Directors take this opportunity to express their thanks to various departments of theCentral and State Government Bankers Material SuppliersCustomers and Shareholders fortheir continued support and guidance.

The Directors wish to place on record their appreciation for the dedicated efforts putin by the Employees of the Company at all levels.

For and on behalf of the Board of Directors
Place : Hyderabad Sd/-
Date : 01-09-2016 G. Vinod Reddy
Chairman & Managing Director

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNING AND OUTGO ETC

(C) Foreign exchange earnings and Outgo: (Rs. in lakhs)
Earning NIL
Outgo 385.82

CORPORATE SOCIAL RESPONSIBILITY

At present this is not applicable to the company.