Annual Report for the year 2012

HAYTRANS (INDIA) LIMITED
AUDITORS
M/s. K. L. Murty & Co., Chartered Accountants, retires at the
conclusion of ensuing Annual General Meeting and offers
themselves for re-appointment. A certificate from the Auditors has
been received to the effect that their re-appointment, if made,
would be within the limits prescribed under Section 224(1B) of the
Companies Act, 1956.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION,
FOREIGN EXCHANGE EARNING AND OUTGO
Under Notification Number GSR 1029, dated 31st December,
1988, companies are required to furnish prescribed information
regarding conservation of energy and technology absorption. This,
however, does not apply to your Company. With regard to foreign
exchange earnings and outgo, the position is as under:
PERSONNEL
For the financial year 2011-12 none of the employee's salary
exceeds ` 60 lacs p.a. or ` 5 lacs p.m.
ACKNOWLEDGMENTS
Your Directors take this opportunity to express their gratitude for
the excellent assistance and co-operation received from the
Company's clients, vendors, business associates and bankers,
employees and look forward for their continued support.
For and on behalf of the Board of Directors
(i)
Foreign exchange earnings
(on accrual basis)
Amount in `
(2011-12)
2,741,787/-
Place: Mumbai S. Ramakrishnan
th
Date: 30 May, 2012 Chairman
(ii)
Foreign exchange outgo including
operating and other expenditure,
purchase of containers in foreign
currency (on accrual basis)
17,652,458/-
24th Annual Report 2011-12
109