Annual Report 2012-2013 - UB Group

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Report of the Directors (contd.) 6 AUDITORS Messrs. Vishnu Ram & Co., Chartered Accountants, retire as Auditors of the Company at the conclusion of the forthcoming Annual General Meeting and are eligible for re-appointment. With reference to observations in the Auditors Report regarding accrual of guarantee/security commission from an Associate Company (erstwhile subsidiary), inclusion of interest from Subsidiaries and Associates, nonprovision for loans & advances to certain Subsidiaries and an Associate Company and for decline in value of investment in certain Subsidiaries and an Associate Company, the relevant notes to the accounts comprehensively explain the management’s views on such matters. LISTING OF SHARES OF THE COMPANY The shares of your Company are listed on Bangalore Stock Exchange Limited [Regional Exchange], The BSE Limited, Mumbai and National Stock Exchange of India Limited. CORPORATE GOVERNANCE A Report on Corporate Governance is annexed separately as part of the Report along with a Certificate of Compliance from the Statutory Auditor. Necessary requirements of obtaining certifications/declarations in terms of Clause 49 of the Listing Agreement have been complied with. MANAGEMENT DISCUSSION AND ANALYSIS Pursuant to Clause 49 of the Listing Agreement with the Stock Exchanges, Management Discussion and Analysis Report is annexed and forms an integral part of the Annual Report. FIXED DEPOSITS The Fixed Deposits accepted from the Public and Shareholders stood at ` 524.754 million as on March 31, 2013 (including an amount of ` 132.553 million accepted during the year under review). A sum of ` 0.261 million from Public and Shareholders remained unclaimed as at March 31, 2013. There have been no defaults in the repayment of fixed deposits during the year excepting occasional short delay for which interest had been paid along with matured deposits. The Board of your Company has decided not to accept fresh deposits or renewals. TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND Pursuant to the provisions of Section 205A[5] and 205C of the Companies Act, 1956, an amount of ` 0.237 million [Previous Year ` 0.132 million] being the aggregate of the Unclaimed Dividend and Deposits, remaining unclaimed and unpaid for more than 7 years, have been transferred to the Investor Education and Protection Fund. PARTICULARS OF EMPLOYEES The information as are required to be provided in terms of Section 217[2A] of the Companies Act, 1956 read with the Companies [Particulars of Employees] Rules, 1975 is enclosed. PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO Particulars of Conservation of Energy, Technology Absorption The Provisions of Section 217[1][e] of the Act relating to conservation of energy and technology absorption do not apply to this Company since it is not engaged in manufacturing activities. Foreign Exchange Earnings and outgo The particulars are given in the Notes to the Audited Accounts. DIRECTORS’ RESPONSIBILITY STATEMENT Pursuant to the requirement of Section 217[2AA] of the Companies Act, 1956 the Board of Directors hereby state that: (i) in the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures. (ii) accounting policies have been selected and applied consistently and the judgments and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the end of the financial year and of the loss of the Company for that period.
Report of the Directors (contd.) (iii) proper and sufficient care have been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for prevention and detection of fraud and other irregularities. (iv) the Annual Accounts have been prepared on a going concern basis. CORPORATE SOCIAL RESPONSIBILITY (CSR) The Company is carrying out CSR activities through its other Associate Companies. GREEN INITIATIVE Annual Report is transmitted through emails to those identifiable members while print version of the Annual Report is posted to others. The other details are available in the Company’s website www.theubgroup.com. ACKNOWLEDGEMENT Your Directors place on record the support received from Group Companies, shareholders, depositors, banks, financial institutions and employees. By Order of the Board Goa August 14, 2013 Dr. Vijay Mallya Chairman 7
Page 3 and 4: UNITED BREWERIES [HOLDINGS] LIMITED
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Page 11 and 12: Annexure to Directors’ Report (co
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Page 15 and 16: Report on Corporate Governance 1. C
Page 17 and 18: Report on Corporate Governance (con
Page 27 and 28: Independent Auditors' Report To The
Page 29 and 30: Annexure to the Independent Auditor
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Page 33 and 34: Statement of Profit and Loss for th
Page 35 and 36: Cash Flow Statement for the year en
Page 37 and 38: vii. Depreciation: Notes to the Fin
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Notes to the Financial Statements (
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Notes to the Financial Statements (
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63. All amounts are in Rupees milli
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Disclosure under Clause 32 of the L
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Independent Auditors’ Report on C
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Consolidated Statement of Profit an
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Consolidated Cash Flow Statement fo
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Notes to the Consolidated Financial
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SUMMARISED FINANCIALS OF SUBSIDIARY
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Notice (contd.) Notes: 1. A Member
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Notice (contd.) (iii). Personal All
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Notice (contd.) ( ` In million) Per
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Annexure to Notice Particulars of D
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Annual Report 2012-2013 - UB Group

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