directors - Colombo Stock Exchange

More documents

Recommendations

Info

corporaTe INFORMATION Name of the Company Diesel & Motor Engineering PLC Legal Form A Quoted Public Company with Limited Liability, Incorporated in Sri Lanka in 1945. Company Registration Number PQ 146 Founded 1939 Accounting Year End 31st March Tax Payer Identification Number (TIN) 104002498 Stock Exchange Listing The ordinary shares of the Company are listed with the Colombo Stock Exchange of Sri Lanka. Auditors KPMG Ford, Rhodes, Thornton & Co. Chartered Accountants, P.O. Box 186, Colombo, Sri Lanka. Internal Auditors SJMS Associates Chartered Accountants No. 2, Castle Street, Colombo 4, Sri Lanka. Lawyers F J & G De Saram & Company Attorneys-at-Law No. 216, De Saram Place, Colombo 10, Sri Lanka. 182 Bankers Hatton National Bank PLC Commercial Bank of Ceylon PLC NDB Bank PLC Nations Trust Bank PLC People’s Bank Hongkong & Shanghai Banking Corporation Ltd. Sampath Bank PLC Company Secretary B.C.S.A.P. Gooneratne, F.C.A., M.B.A. (Sri J.) Registrars Corporate Services Ltd. No. 216, De Saram Place, Colombo 10, Sri Lanka Registered Office P.O. Box 339, No. 65, Jetawana Road, Colombo 14, Sri Lanka. Telephone: 0094-11-2449797, 0094-11-2338883 http: //www.dimolanka.com E-mail: dimo@dimolanka.com Facsimile: 0094-11-2449080 ANNUAL REPORT 2009/10 DIESEL & MOTOR ENGINEERING PLC Key Principals 173 Country Report 175 Alphabetical Index 179 Glossary of Financial Terms 180 Corporate Information 182
DIESEL & MOTOR ENGINEERING PLC ANNUAL REPORT 2009/10 NOTICE IS HEREBY GIVEN that the Sixty-Fifth Annual General Meeting of Diesel & Motor Engineering PLC will be held at the Registered Office of the Company, No. 65, Jethawana Road, Colombo 14, on Tuesday, 29th June 2010 at 10.00 a.m. and the business to be brought before the meeting will be: Agenda 1. To consider and adopt the Report of the Directors and the Statement of Accounts for the year ended 31st March 2010, with the Report of the Auditors thereon. 2. To re-elect Mr. A. N. Algama, who retires by rotation in terms of Article 66 of the Articles of Association as a Director of the Company.* 3. To re-elect Mr. A. M. Pandithage, who retires by rotation in terms of Article 66 of the Articles of Association as a Director of the Company.* 4. To re-elect Mr. T. G. H. Peries, who retires by rotation in terms of Article 66 of the Articles of Association as a Director of the Company.* 5. To re-elect Mr. R. Seevaratnam, who retires by rotation in terms of Article 66 of the Articles of Association as a Director of the Company.* 6. To reappoint KPMG Ford, Rhodes, Thornton & Co. as Auditors to the Company for the ensuing year & to authorise the Board of Directors to determine their remuneration. 7. To authorise the Directors to determine contributions to charities. 8. To consider, and if thought fit, pass the following resolution as a special resolution: Special Resolution IT IS HEREBY RESOLVED that the Articles of Association of the Company be and are hereby amended as follows numbered accordingly; THAT the following new Article numbered 19 (g) be inserted after Article 19 (f) of the Articles of Association of the Company numbered accordingly: “19 (g) Notwithstanding anything to the contrary contained in the Articles of Association of the Company, so long as the Company is listed on the Colombo Stock Exchange, the Company shall comply with the Rules of the Colombo Stock Exchange and the Central Depository System, which shall be in force from time to time.” THAT the following new Article numbered 20 (a) be inserted after Article 20 of the Articles of Association of the Company numbered accordingly; “20 (a) The Company shall not register more than three persons as joint holders (including the principal holder) of any shares (except in the case of executors, administrators or heirs of a deceased member).” THAT the Article numbered 94 be deleted in its entirety and the following new Article be substituted therefor to the Articles of Association of the Company numbered accordingly: “94 (a) Any member whose registered address is not within Sri Lanka may name an address within Sri Lanka which for the purpose of notice, shall be considered as his registered address”. “94 (b) If a member has no registered address within the Island and has not supplied to the Company an address within the Island for the giving of notices to him, a notice advertised once in any leading Colombo Daily Newspaper shall be deemed to be duly given to him on the day on which the advertisement appears”. “94(c) Where notice is given by an advertisement, such advertisement, shall be published in Sinhala, Tamil and English national daily newspapers”. * The profiles of the Directors proposed for re-election are given on page 14 of the Annual Report. NOTE A member is entitled to appoint a proxy to attend and vote instead of himself and a proxy need not be a member of the Company. A Form of Proxy is enclosed for this purpose. The instrument appointing a proxy must be deposited at the Registered Office, No. 65, Jethawana Road, Colombo 14, not less than forty-eight hours before the time fixed for the Meeting. By Order of the Board, Diesel & Motor Engineering PLC Company Registration No. PQ-146 B.C.S.A.P. Gooneratne Secretary Colombo 18th May 2010 noTIce of MEETING 183
Page 1:
Annual Report 2009/10 DIESEL & MOTO
Page 4 and 5:
Vision To be the leader in all the
Page 6 and 7:
Contents Overview Financial Highlig
Page 8 and 9:
oVerView operational hIGhLIGhTS Har
Page 10 and 11:
oVerView CHairMan & Ceo’s REvIEW
Page 12 and 13:
oVerView 12 C H a i r M a n & Ceo
Page 14 and 15:
Overview Board of DIRECTORS ANNUAL
Page 16 and 17:
Overview Group ManaGeMent COMMITTEE
Page 18 and 19:
ManageMent report Business PERFORMA
Page 20 and 21:
Page 22 and 23:
ManageMent report The performance o
Page 24 and 25:
ManageMent report Tata Commercial V
Page 26 and 27:
Page 28 and 29:
ManageMent report We continue to ex
Page 30 and 31:
Page 32 and 33:
ManageMent report A Year of Importa
Page 34 and 35:
Page 36 and 37:
ManageMent report Performance Dimo
Page 38 and 39:
Page 40 and 41:
ManageMent report The Business unit
Page 42 and 43:
ManageMent report The division has
Page 44 and 45:
ManageMent report FinanCial REvIEW
Page 46 and 47:
ManageMent report Finance Expenses*
Page 48 and 49:
ManageMent report Working Capital T
Page 50 and 51:
ManageMent report Segment Performan
Page 52 and 53:
goVernance report enterprise GOvERN
Page 54 and 55:
goVernance report SECTION 1: THE CO
Page 56 and 57:
goVernance report The Company Secre
Page 58 and 59:
goVernance report The Committee con
Page 60 and 61:
goVernance report RELATIONS WITH SH
Page 62 and 63:
goVernance report e n t e r p r i s
Page 64 and 65:
goVernance report CHairMan & Ceo’
Page 66 and 67:
goVernance report Risk Management A
Page 68 and 69:
goVernance report Industry Trends D
Page 70 and 71:
goVernance report tHe reMuneration
Page 72 and 73:
goVernance report group STRUCTURE 1
Page 74 and 75:
FINANCIAL CALENDAR Interim Financia
Page 76 and 77:
annual RepoRt oF the boaRd oF diRec
Page 78 and 79: annual RepoRt oF the boaRd oF diRec
Page 80 and 81: statement oF diRectoRs’ RespoNsIb
Page 82 and 83: income stAteMeNts 136 Consolidated
Page 84 and 85: statements oF ChANGes IN eqUIty 138
Page 86 and 87: cash Flow statements Reconciliation
Page 88 and 89: notes to the Financial statements 3
Page 90 and 91: notes to the Financial statements T
Page 92 and 93: notes to the Financial statements A
Page 100 and 101: notes to the Financial statements N
Page 102 and 103: notes to the Financial statements T
Page 108 and 109: notes to the Financial statements F
Page 112 and 113: Share INFORMATION 1. Stock Exchange
Page 114 and 115: S h a r e I n f o r m aT I o n 9. T
Page 116 and 117: neTwork of BRANCHES, WORKSHOPS & SH
Page 118 and 119: h I STo r I c a l n oT e The key at
Page 120 and 121: k eY p r I n c I pa l S Principals
Page 122 and 123: co u n T rY r e p o rT Sectoral Com
Page 124 and 125: co u n T rY r e p o rT Expectation
Page 126 and 127: GloSSarY of FINANCIAL TERMS Account
Page 130 and 131: The creative approach we adopted fo
Page 132: f o r m o f p rox Y Instructions as
show all

directors - Colombo Stock Exchange

Create successful ePaper yourself

Delete template?

Save as template?