Annual Report 2012-2013 - UB Group

Notice (contd.)
In terms of the requirements as per sub-clause (iv) of the proviso to Sub-paragraph (C) of Paragraph (1) of Section II of
Part II of Schedule XIII to the Act, the information is as furnished below:
I. General Information:
(1) Nature of Industry : Investment Holding, Property Development, Leasing of Office and Retail space, Export of
goods and services.
(2) Date of commencement of commercial production : Not Applicable
(3) In case of new Companies, expected date of commencement of activities as per project approved by Financial
Institutions appearing on the Prospectus: Not Applicable
(4) Financial Performance:
Financial parameters of the Company for the last five financial years:
( ` In million)
Sr. Particulars
Years
No.
2008-09 2009-10 2010-11 2011-12 2012-13
1 Paid up Capital 668.185 668.185 668.185 668.185 668.185
2 Reserves and Surplus 12,801.831 13,916.368 14,255.338 14,116.772 12,448.213
3 Turnover 3,243.140 3,345.536 3,401.012 4,149.743 4,233.228
4 Net profit as per
Section 198 (read with
Section 349) of the
293.509 1,001.175 258.560 (417.054) (1,685.921)
Companies Act, 1956
5 Amount of Dividend
Paid
Nil 66.819 66.819 Nil Nil
6 Rate of Dividend
Declared
Nil 10% 10% Nil Nil
(5) Export Performance, Net Foreign Exchange:
Earnings and Collaborations:
During the year 2012-13, the foreign exchange earnings is ` 3,225.509 million. The Company has no foreign
collaboration.
(6) Foreign investments of collaborators, if any: Not applicable.
II.
Information about the Appointee:
(1) Background details:
Mr. V Shashikanth holds a Bachelor’s degree in Electronics Engineering from Bangalore University and a Post
Graduate Diploma in International Trade from the Indian Institute of Foreign Trade, New Delhi. He has over
28 years of experience in General Management and International Trade. He has worked in various capacities
including export division and Infrastructure Development Department.
His appointment as Managing Director was approved by the Board of Directors of the Company at their meeting
held on August 14, 2013 for a period of 3 years with effect from August 21, 2013.
(2) Past Remuneration:
Mr. V Shashikanth has been appointed as Director with effect from August 14, 2013 and Managing Director
with effect from August 21, 2013 i.e. during the present financial year 2013-2014 as Managing Director and
therefore the below given past remuneration was paid to him, purely while in employment and not as a
managerial person. The details of remuneration paid to him in the last three financial years i.e. 2010-2011,
2011-2012 and 2012-2013 are as given below:
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