Financial Statements, Statement of Directors - Hemas Holdings, Ltd

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Notice of MeetingNOTICE IS HEREBY GIVEN that the Eighth Annual GeneralMeeting of Hemas Holdings PLC will be held at the Auditorium ofthe Ceylon Chamber of Commerce, No. 50, Nawam Mawatha,Colombo 2 on Thursday the 30th day of June 2011 at 3.30 PMfor the following purpose:-AGENDA1. To receive and consider the Statements of Accounts of theCompany and of the Group for the year ended 31st March2011 , together with the Reports of the Directors and Auditorsthereon.Note:A member entitled to attend and vote is entitled to appoint aProxy to attend and vote in his/her place.A Proxy need not be a Member of the Company.A Form of Proxy accompanies this Notice2. To re-elect as Director, Mr. M.E. Wickremesinghe retiring interms of the Articles of Association of the Company3. To re-elect as Director, Mr. Divyaroop Bhatnagar retiring interms of the Articles of Association of the Company4. To pass the ordinary resolution set out below to re-appointas a director Mr. J.C.L De Mel who has reached the age of 74years and vacates office as a director of the Company in termsof Section 210 (2) (a) of the Companies’Act-7 of 2007:-"RESOLVED that Mr. J.C.L. De Mel who has reached the age of74 years on 6th May 2011 be and is hereby re-appointed adirector of the company and it is hereby declared as providedfor in Section 211 (1) of the Companies Act No. 07 of 2007that the age limit of 70 years referred to in Section 210 of thesaid Companies Act shall not apply to Mr. J.C.L.De Mel."5. To declare a final dividend of Rs.0.25 per Ordinary share asrecommended by the Board.6. To re-appoint Messrs Ernst & Young, Chartered Accountantsas Auditors for the ensuing year and to authorise theDirectors to determine their remuneration.7. To authorise the Directors to determine and make donationsto Charity.By Order of the Board ofHEMAS HOLDINGS PLCHEMAS CORPORATE SERVICES (PRIVATE) LIMITEDSecretaries3rd June 2011104 Hemas Holdings PLC Annual Report 2010/11
Form of ProxyI/We .........................................................................................................................................................................................................................................................................of ..............................................................................................................................................................................................................................................................................being a Member/s of Hemas Holdings PLC do hereby appoint one of the following directors of the Company,Mr. Lalith De MelMr. Husein.EsufallyMr. Abbas EsufallyMr. Imtiaz EsufallyMr. Divyaroop BhatnagarMr. Murtaza EsufallyMr. Maithri WickremesingheMr. Pradipta Mohapatraor failing himor failing himor failing himor failing himor failing himor failing himor failing himor failing himMr./Mrs. ..................................................................................................................................................................................................................................................................of ..............................................................................................................................................................................................................................................................................as my/our Proxy to speak and /to vote for *me/us on *my/our behalf at the Eighth Annual General Meeting of Hemas Holdings PLC to beheld at 3.30 p.m. on Thursday 30th June 2011 at the Auditorium of the Ceylon Chamber of Commerce, No 50, Nawam Mawatha, Colombo2 and at any adjournment thereof.ForAgainst1. To receive and consider the Statements of Accounts of the Company and of theGroup for the year ended 31.03.2011 together with the Reports of the Directors andAuditors thereon.2. To re-elect as Director, Mr. M.E. Wickremesinghe. retiring by rotation in terms of theArticles of Association of the Company3. To re-elect as Director, Mr. Divyaroop Bhatnagar retiring by rotation in terms of theArticles of Association of the Company.4. To re-appoint Mr. J.C.L. De Mel as a Director of the Company in terms of Section 211(1) of the Companies’ Act-7 of 2007.5. To declare a final dividend of Rs.0.25 per share as recommended by the Board.6. To re-appoint M/s Ernst & Young, Chartered Accountants, as auditors of the Companyand to authorise the directors to determine their remuneration.7. To authoris e the directors to determine and make donations to Charity.*The Proxy may vote as he/she thinks fit on any other resolution brought before this meeting.................................. Date:Signature/sNote:1. Please delete the inappropriate words.2. Instructions as to completion are noted on the reverse hereof.Annual Report 2010/11Hemas Holdings PLC 105
Page 2: Statement of Directors’ Responsib
Page 6 and 7: Statement of Changes in EquityGroup
Page 8: Cash Flow StatementGroupCompanyYear
Page 11 and 12: (b) Foreign OperationsThe Balance s
Page 13 and 14: For the purpose of cash flow statem
Page 15 and 16: valuation multiples, quoted share p
Page 17 and 18: Balance Additions/ Disposals/ Balan
Page 19 and 20: GroupCompany2011 2010 2011 2010Rs.
Page 21 and 22: Group Holding Company Holding Compa
Page 23 and 24: No. of Shares Carrying Directors' C
Page 27 and 28: 2011 2011 2010 2010Amount Amount Am
Page 33 and 34: 29.2 Applicable Tax RatesAs per the
Page 35 and 36: 32 EVENTS OCCURRING AFTER THE BALAN
Page 37 and 38: 2 Fuel Transport Agreement with LTL
Page 39 and 40: Name of Nature of Assets Nature of
Page 41 and 42: 36. SEGMENTAL INFORMATIONInformatio
Page 43 and 44: 37 GROUP COMPANIESProportion ofOwne
Page 45 and 46: SHARE TRADING2011 2010Market PriceH
Page 47: GlossaryCAPITAL EMPLOYEDTotal share
Page 51: Corporate InformationLegal FormQuot

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