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Southern Latex Ltd.

BSE: 514454 Sector: Industrials
NSE: N.A. ISIN Code: INE410M01018
BSE 00:00 | 12 Apr 12.04 0
(0.00%)
OPEN

12.04

HIGH

12.04

LOW

12.04

NSE 05:30 | 01 Jan Southern Latex Ltd
OPEN 12.04
PREVIOUS CLOSE 12.04
VOLUME 20
52-Week high 13.65
52-Week low 8.40
P/E 86.00
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 12.04
CLOSE 12.04
VOLUME 20
52-Week high 13.65
52-Week low 8.40
P/E 86.00
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Southern Latex Ltd. (SOUTHERNLATEX) - Director Report

Company director report

Dear Shareholders

Your Directors have pleasure in presenting the 28 Annual Report on the workingof the Company along with the audited Balance Sheet and Profit & Loss Account for theyear ended 31 March 2017. the previous year as Rs. 56.70 lakhs and Rs.13.13 lakhsrespectively.

CHANGES IN NATURE OF BUSINESS

There is no significant change in the business activity of the company during thefinancial year although the sale of rubberized coir has been stopped by your company awhile ago in the previous years.

(In Rs.)

FINANCIAL RESULTS

Particulars 2016-2017 2015-2016
Total Income 4586220 5670000
Less : Depreciation 466630 568576
Profit after depreciation but before tax (PBT) 2191956 2190755
Less : Taxes 328761 0
Net profit / (loss) for the period 1396566 1313073
No. of Shares 7359200 7359200
EPS 0.19 0.18
Proposed Dividend 0 0
Dividend tax 0 0
Balance of Profit Carried to B/S 1396566 1313073

DIVIDEND

No dividend has been recommended for the year.

TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES ACT 2013

The board does not propose any amount to carry to any specific reserves.

OPERATIONS AND STATE OF COMPANY'SAFFAIRS

During the year under review your company had made a turnover of Rs.45.86 lakhs andresulting Net profit of Rs.13.96 lakhs as compared with

MATERIAL CHANGES AND COMMITMENTS OCCURRED BETWEEN THE DATE OF BALANCE SHEET AND THEDATE OF AUDIT REPORT

No significant material changes and commitments have occurred between the date of thebalance sheet and the date of this report.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY REGULATORS/ COURTS / TRIBUNALS

There are no significant and material orders passed by Regulators/Court/Tribunalsagainst the company.

ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS

The Company has in place proper and adequate internal control systems commensurate withthe nature of its business size and complexity of its operations. Internal controlsystems comprising of policies and procedures are designed to ensure liability offinancial reporting timely feedback on achievement of operational and strategic goalscompliance with policies procedure applicable laws and regulations and that all assetsand resources are acquired & economically used.

FUTURE PLAN

The Company is planning to start new business which will present good market protectiveand for which it has augmented its core team. All development in this aspect shall beplaced for the information of the shareholders through the Stock Exchange filing systemand the Company website as and when it happens.

Subsidiaries / Joint Ventures

There are no subsidiaries and Joint venture Companies.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

A.CONSERVATION OF ENERGY AND TECHNOLOGYABSORPTION

Energy conservation is being given top priority and the Company monitors the energycosts and reviews the consumption of energy on a regular basis.

B. FOREIGN EXCHANGE EARNING AND OUTGO

There was no foreign exchange expenses and income during the year.