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Sugam Agro-Tech Ltd.

BSE: 531405 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE068E01011
BSE 05:30 | 01 Jan Sugam Agro-Tech Ltd
NSE 05:30 | 01 Jan Sugam Agro-Tech Ltd

Sugam Agro-Tech Ltd. (SUGAMAGROTECH) - Director Report

Company director report

SUGAM AGRO-TECH LIMITED ANNUAL REPORT 2009-2010 DIRECTOR'S REPORT Your directors present the Sixteenth Annual Report together with audited Annual accounts of the company for the financial year 2009-10. DIRECTORS Mr. D S N Raju is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, offers himself for reappointment. There are no employees who are in receipt of any remuneration from the Company and the Provisions of Section 217(1) and (2A) are not applicable to the Company. The 'Directors Responsibility Statement' as required u/s. 217 (2AA) is annexed to this Report. AUDITORS M/s. SPAD & Associates, Chartered Accountants, Hyderabad, the Statutory Auditors of the company, retire at the ensuing Annual General Meeting. They have confirmed their eligibility and willingness to accept the office for another term i.e., tin the conclusion of the next annual general meeting. PENDING CASES Citibank filed a suit in City Civil Court, Hyderabad for Import Bill settlement for Rs. 7.66 lakhs and got orders in their favour for recovery along with interest. For and on behalf of the Board Place: Hyderabad M S Prakash DSN Raju Date : July 29, 2010 Director Director Directors' Responsibility Statement To the best of their knowledge and belief and according to the information and explanations obtained by them, your directors make the following statements in terms of Section 217 (2AA) of the Companies Act, 1956. (i) That In the preparation of the annual accounts for the financial year ended March 31, 2010, applicable accounting standards had been followed along with proper explanation relating to material departures; (ii) That the directors had selected such accounting policies as mentioned In Schedule XIII to the Act and applied them consistently and made judgments 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 20092010 and of the profit or loss of the company for that period; (iii) That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; and For and on behalf of the Board Place: Hyderabad M S Prakash DSN Raju Date : July 29, 2010 Director Director