Download - Sujana Group

More documents

Recommendations

Info

Company, including Building, Plant and Machinery, stocks etc., wherever necessary and to the extent required, have been adequately the covered. 25. Listing of Company’s Securities: Your Company’s shares are currently listed on Bombay Stock Exchange Limited, National Stock Exchange of India Limited and Madras Stock Exchange Limited and The Global Depository Receipts are currently listed at the Luxembourg Stock Exchange. 26. Dematerialization of Shares: Your Company shares have been made available for dematerialization through the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSIL). 27. Fixed Deposits: Your Company has not accepted any fixed deposits and the provisions of Section 58A of the Companies Act, 1956 are not applicable. 28. Cost Auditors: In terms of the directives of Ministry of Corporate Affairs under Section 233B of the Companies Act, 1956 vide its General Circular No:15/2011 and circular F.No:52/26/CAB-2010 on 11.04.2011 and 03.05.2011 respectively, the Company has appointed the qualified Cost Accountant for conducting audit of Cost Accounting Records in respect of steel products manufactured by the Company for the year 2011-12. 29. Conservation of Energy, Research and Development, Technology Absorption, Foreign Exchange Earnings and Outgo: The details regarding Energy Conservation, Technology Absorption, Foreign Exchange Earnings and Outgo as required by Section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of the particulars in the report of the Board of Directors) Rules, 1988 are given in the Annexure 1 and forms part of this report. 30. Explanations for the qualifications in Auditors’ Report: The Statutory Auditors of the Company M/s Deloitte Haskins & Sells have made the following comments in their report for the period 2009-11. Auditor’s Comments: 1. Paragraph (viii) (b) in Annexure to the Audit Report, details of undisputed amounts payable in respect of Provident Fund, Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, Cess and Other material statutory dues which were in arrears as at March 31, 2011 for a period of more than six months from the date they became payable are given below: Nature of Statute Nature of Dues Amount (Rupees in Lakhs) Year to which the amount relates Due date Date of Payment Income Tax Act, 1961 Income Tax 462.32 2.74 4.20 2010-2011 2001-2002 2002-2003 June 15, 2010 and September 15, 2010 June, September, December and March of each year / period Not paid Income Tax Act, 1961 Fringe Benefit Tax 7.56 8.51 2006-2007 2007-2008 January 23,2010 February 24,2010 Not Paid Wealth Tax Act,1957 Wealth Tax 0.88 1.08 2008-2009 2009-2010 September 30, 2009 September 30, 2010 Not paid : : 23 : :
SUJANA METAL PRODUCTS LIMITED Company Explanation: The Company is in the process of amalgamation of the companies i.e. M/s Lakshmi Gayatri Industries Private Limited, M/s Glade Steel Private Limited, M/s Sri Ganga Steel Enterprises Private Limited and M/s Topaz Steel India Limited with <strong>Sujana</strong> Metal Products Limited w.e.f 1.10.2009.The Scheme under the consideration of the Honorable High Court of Andhra Pradesh, upon the scheme of amalgamation which is becoming effective, no liability is arises. 2. Paragraph (viii) (c) in Annexure to the Audit Report , details of dues of Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty and Cess which have not been deposited as on March 31, 2011 on account of disputes are given below: Name of the Statute Financial Year to which matter pertains Amount (Rupees in Lakhs) Forum where matter is pending Central Excise Act, 1944 1995-2009 1995-1997 1,384.30 1.00 Custom Excise & Service Tax Appellate Tribunal Commissioner of Customs (Appeals) Customs Act, 1962 1998-1999 2008-2009 302.69 214.90 Commissioner of Customs (Sea Port) Custom Excise & Service Tax Appellate Tribunal Foreign Exchange Regulation Act, 1973 1995-1996 530.00 Hon’ble High Court of Delhi APGST Act, 1957 2002-2003 2003-2004 488.13 786.88 Sales Tax Appellate Tribunal Appellate Deputy Commissioner Central Sales Tax Act, 1956 2002-2003 2004-2005 2005-2008 2006-2007 2,213.11 13.38 58.58 241.34 Commercial Tax Officer Sales Tax Appellate Tribunal Appellate Deputy Commissioner Hon’ble High Court of Andhra Pradesh and Appellate Deputy Commissioner Tamilnadu Value Added Tax Act, 2006 2006-2007 194.92 Hon’ble High Court of Tamilnadu Company Explanation: As the liabilities are disputed and the matters are pending with the respective statutory bodies, the Company has not remitted the same. The Company has taken opinion from leading tax practitioners’ in respective fields, who opined that the Company has a good chance of getting verdict its favour in all these cases. However, the same were disclosed as contingent liabilities in the notes on accounts. : : 24 : :
Page 2 and 3: BOARD OF DIRECTORS CORPORATE INFORM
Page 4 and 5: NOTICE NOTICE is hereby given that
Page 6 and 7: opportunity to register their e-mai
Page 8 and 9: and/or Foreign Currency Convertible
Page 10 and 11: to do all such acts, deeds, matters
Page 12 and 13: proper or desirable and to settle a
Page 14 and 15: Board recommends the alteration of
Page 16 and 17: and Exchange Board of India (Issue
Page 18 and 19: Dear Members, DIRECTORS’ REPORT Y
Page 20 and 21: DCS/AMAL/NTP24(f)/983/2010-11 dated
Page 22 and 23: 14. Directors’ Responsibility Sta
Page 26 and 27: 31. Appreciations: The Board of Dir
Page 28 and 29: The Financial year of the Holding C
Page 30 and 31: FORM A (See Rule 2) A. PARTICULARS
Page 32 and 33: The growth in 2010 exceeded the pre
Page 34 and 35: Market Size Steel industry is of gr
Page 36 and 37: Statutory Auditors to ascertain the
Page 38 and 39: Persons constituting Group coming w
Page 40 and 41: 5. Shri S. Hanumantha Rao Executive
Page 42 and 43: v v v v v v Changes, if any, in acc
Page 44 and 45: (iii) Remuneration Packages paid to
Page 46 and 47: (iv) No. of Shareholders Complaints
Page 48 and 49: (iii) Details of special resolution
Page 50 and 51: (iv) Management Discussion and Anal
Page 52 and 53: (iv) Market Price Data : The monthl
Page 54 and 55: (v) Share Transfer System Your Comp
Page 56 and 57: CEO & CFO CERTIFICATION We, R.K.Bir
Page 58 and 59: Annexure to the Auditor’s Report
Page 60 and 61: (x) In our opinion and according to
Page 62 and 63: PROFIT AND LOSS ACCOUNT FOR THE EIG
Page 64 and 65: SCHEDULES FORMING PART OF THE BALAN
Page 70 and 71: SCHEDULES FORMING PART OF THE PROFI
Page 72 and 73: SCHEDULES FORMING PART OF THE PROFI
Page 74 and 75:
a price, significant risks and rewa
Page 76 and 77:
SCHEDULE 23: NOTES 1 Contingent Lia
Page 78 and 79:
I. List of Related Parties A Subsid
Page 80 and 81:
11 Employee Benefits The company li
Page 82 and 83:
Information about primary business
Page 84 and 85:
(b) Turnover A B Manufacturing Clas
Page 86 and 87:
(f) Consumption of directly importe
Page 88 and 89:
a) Rs.3,051.00 lakhs to be paid in
Page 90 and 91:
Consolidated Accounts for the Perio
Page 92 and 93:
CONSOLIDATED BALANCE SHEET AS AT MA
Page 94 and 95:
CONSOLIDATED CASH FLOW STATEMENT FO
Page 96 and 97:
SCHEDULES FORMING PART OF CONSOLIDA
Page 98 and 99:
SCHEDULES FORMING PART OF THE CONSO
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
SCHEDULE 22: SIGNIFICANT ACCOUNTING
Page 106 and 107:
ii) economic benefits in the form o
Page 108 and 109:
2 Contingent Liabilities not provid
Page 110 and 111:
i) Discount Rate ii) The discount r
Page 112 and 113:
7 Earnings per Share (Rupees in lak
Page 114:
ii) Short term loan availed from ba
show all

Download - Sujana Group

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?