Associated Marmo & Granites Ltd. के निदेशक की रिपोर्ट

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting the 34''h Annual Report & Audited Accounts of the Company for the financial year ended 31st March. 2014.

I. FINANCIAL HIGHLIGHTS: The Salient features of the Company''s Financial results for the year under review are as follows:

Year ended 31.3.14 Year ended 31.3.13 (Rs. in lacs) (Rs. in lacs)

Profit /(Loss) before Depreciation & Taxation 9.83 6.13

Depreciation 8.52 5.71

Less : Transferred from Revalution Reserve 1.15 1.56

(7.37) (4.15)

2.46 1.98

Prior Period Adjustment (Net) . - 0.05

Net ProfitALoss) before Tax 2.46 2.03

Less:-Provision for taxation - (0.13)

Add:- Deferred Tax Expenses (0.20) (0.27)

Net ProfitZ(Loss) after Tax 2.26 1.63

Balance B/K from Previous year (148.56) (150.19)

Recognition of Deferred Tax Liability (Net) : - -

Balance B/F (146.30) (148.56)



2 DEMATERIAL1SATION IN ROLLING STOCK OF SHARES OF THE COMPANY: The Company has taken effective steps for compulsory dematerialization in rolling settlement of shares.

3. DIVIDEND: Due to previous years losses your Directors regret to recommend any dividend for the year ended 31.03.2014.

4. OPERATING RESULTS: Your Company has achieved Sales Turnover of Rs.738.71 lacs during the current year, as compared to Rs.55(). 14 lacs in the previous year.

5. DIRECTORS: Shri Ashok Doshi would retire by rotation at the forthcoming Annual General Meeting and being eligible has offered himself for re-appointment.

6. SUBSIDIARY COMPANY: As required under Section 212 of the Companies Act, 1956, the audited Statements of Accounts along with the report of Board of Directors and Auditors'' Report thereon, of Stone & Mineral Associates Ltd. is annexed.

7. DIRECTORS'' RESPONSIBILITY STATEMENT: As required under Section 2I7(2AA) of the Companies Act, 1956. your Directors 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) The accounting policies selected and applied are consistent and 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 at the end of the year under review and of the profit of the Company for the period:

(iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the said Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) The annual accounts have been prepared on a going concern basis.

8. PARTICULARS OF EMPLOYEES: The Company has no employee of the category specified in Sub-section 2A of Section 217 of the Companies Act, 1956.

9 PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION: Being a marble unit the information under Section 217(l)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the report of Board of Directors, Rule. 1988) is not applicable.

10. INFLOW / OUTFLOW OF FOREIGN EXCHANGE: During the year there is no inflow of foreign exchange but there is outflow of Rs. 120.52 lacs.

II. AUDITORS & AUDITORS REPORT: M/s Kunawat & Associates, Chartered Accountants, Udaipur retire at the forthcoming Annual General Meeting and being eligible, offer themselves for re-appointment. The observations made by the Auditors are self-explanatory and have dealt with in Schedule No.25 forming part of the accounts and hence do not require any further clarification.

12. ACKNOWLEDGEMENT: Your Directors wish to place on record their grateful thanks for the valuable assistance and co- operation received from the Banks and various Government authorities. Your Directors also wish to place on record their appreciation for the sincere work by the Officers, Staff and Workers of the Company.

For and on behalf of the Board of Directors, Place: Pasoond (Raj.) (MEGHANA BAGLA) (NISHANT BAGLA) Date: 30th May, 2014 Director Managing Director

Registered Office: National Highway No. 8, Pasoond, Dist. Rajsamand - 313326 (Rajasthan)

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Mar 31, 2010

The Directors have pleasure in presenting the 30th Annual Report & Audited Accounts of the Company for the financial year ended 31st March, 2010.

I. FINANCIAL HIGHLIGHTS: The Salient features of the Companys Financial results for the year under review are as follows:

Year ended 31.3.10 Year ended 31.3.09

(Rs. in lacs) (Rs. in lacs)

Profit /(Loss) before Depreciation & Taxation 4.00 4.63

Depreciation 11.05 11.04

Less : Transferred from Revaluation Reserve 8.06 8.08

2.99 2.96

1.01 1.67

Net Profit/(Loss) before Tax 1.01 1.67

Less:- Provision for taxation & FBT - 0.13

Add:- Deferred Tax Expenses 15.91 10.14

Net Profit/(Loss) after Tax (14.90) (8.61)

Balance B/F from Previous year (137.09) (128.49)

Recognition of Deferred Tax Liability (Net)

Balance B/F (151.99) (137.09)



2 DEMATERIALISATION IN ROLLING STOCK OF SHARES OF THE COMPANY: The Company has taken

effective steps for compulsory dematerialization in rolling settlement of shares.

3. DIVIDEND: Due to previous years losses your Directors regret to recommend any dividend for the year ended 31.03.2010.

4. OPERATING RESULTS: Your Company has achieved Sales Turnover of Rs.388.18 lacs (Previous Rs.256.50 lacs) during the current year, which has gone up 51.34% as compared to previous year.

5. DIRECTORS: Shri S.S. Bhatnagar would retire by rotation at the forthcoming Annual General Meeting and being eligible has offered himself for re-appointment.

6. SUBSIDIARY COMPANY: As required under Section 212 of the Companies Act, 1956, the audited Statements of Accounts along with the report of Board of Directors and Auditors Report thereon, of Stone & Mineral Associates Ltd. is annexed.

7. DIRECTORS RESPONSIBILITY STATEMENT: As required under Section 217(2AA) of the Companies Act, 1956, your Directors 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) The accounting policies selected and applied are consistent and 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 at the end of the year under review and of the profit of the Company for the period;

(iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the said Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) The annual accounts have been prepared on a going concern basis.

8. PARTICULARS OF EMPLOYEES: The Company has no employee of the category specified in Sub-section 2A of Section 217 of the Companies Act, 1956.

9. PARTICULARS OF CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION: Being a marble unit the information under Section 217(l)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the report of Board of Directors, Rule, 1988) is not applicable.

10. INFLOW / OUTFLOW OF FOREIGN EXCHANGE: During the year there is no inflow of foreign exchange but there is outflow of Rs.22.19 lacs.

II. AUDITORS & AUDITORS REPORT: M/s Kunawat & Associates, Chartered Accountants, Udaipur retire at the forthcoming Annual General Meeting and being eligible, offer themselves for re-appointment. The observations made by the Auditors are self-explanatory and have dealt with in Schedule No. 15 forming part of the accounts and hence do not require any further clarification.

12. ACKNOWLEDGEMENT: Your Directors wish to place on record their grateful thanks for the valuable assistance and co- operation received from the Banks and various Government authorities. Your Directors also wish to place on record their appreciation for the sincere work by the Officers, Staff and Workers of the Company.

For and on behalf of the Board of Direct

Place: Pasoond (Raj.) (NISHANT BAGLA) (DILIP BAGLA)

Date: 24th May, 2010 Director Managing Director

Registered Office: National Highway No. 8, Pasoond, Dist. Rajsamand - 313326 (Rajasthan)

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Mar 31, 2009

The Directors have pleasure in presenting the 29th Annual Report & Audited Accounts of the Company for the financial year ended 31st March, 2009.

1. FINANCIAL HIGHLIGHTS: The Salient features of the Companys Financial results for the year under review are follows:

Year ended 31.3.09 Year ended 31.3.08

(Rs. in lacs) (Rs. in lacs)

Profit /(Loss) before Depreciation & Taxation 4.63 (37.70)

Depreciation 11.04 11.16

Less : Transferred from Revaluation Reserve 8.08 8.08

2.96 3.08

1.67 (40.79)

Net Profit /(Loss) before Tax 1.67 (40.79)

Less:-Provision for taxation & FBT 0.13 0.21

Add:- Deferred Tax Expenses 10.14 (13.93)

Net Profit/(Loss) after Tax (8.61) (27.07)

Balance B/F from Previous year (128.49) (101.42)

Recognition of Deferred Tax Liability (Net) - -

Balance B/F (137.09) (128.49)

2. DEMATERIALISATION IN ROLLING STOCK OF SHARES OF THE COMPANY: The Company has taken effective steps for compulsory dematerialization in rolling settlement of shares.

3. DIVIDEND: Due to previous years losses your Directors regret to recommend any dividend for the year ended 31.03.2009.

4. OPERATING RESULTS: Your Company has achieved Sales Turnover of Rs.256.50 lacs (Previous Rs. 122.85 lacs) during the current year, which has gone up 108.79% as compared to previous year.

5. DIRECTORS: Shri Nishant Bagla would retire by rotation at the forthcoming Annual General Meeting and being eligible has offered himself for re-appointment.

6. SUBSIDIARY COMPANY: As required under Section 212 of the Companies Act, 1956, the audited Statements of Accounts along with the report of Board of Directors and Auditors Report thereon, of Stone & Mineral Associates Ltd. is annexed.

7. DIRECTORS RESPONSIBILITY STATEMENT: As required under Section 217(2AA) of the Companie; Act. 1956, your Directors 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) The accounting policies selected and applied are consistent and judgments and estimates made are reasonable and prudent so as to give a tme and fair view of the State of Affairs of the Company at the end of the year under review and of the profit of the

Company for the period;

(iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the said Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities:

(iv) The annual accounts have been prepared on a going concern basis.

8. PARTICULARS OF EMPLOYEES: The Company has no employee of the category specified in Sub-section 2A of Section 217 of the Companies Act, 1956.

9. PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION: Being a marble unit the informatisn under Section 217(lXe) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the report of Board of Directors, Rule, 1988) is not applicable.

10. INFLOW / OUTFLOW OF FOREIGN EXCHANGE: During the year there is no inflow of foreign exchange but there is outflow of Rs.49.07 lacs.

11. AUDITORS & AUDITORS REPORT: M/s Kunawat & Associates,-Chartered Accountants, Udaipur retire at the forthcoming Annual General Meeting and being eligible, offer themselves for re-appoiritnient. The observations made by the Auditors are self-explanatorv and have dealt with in Schedule No. 15 forming part of the accounts and hence do not require any further clarification

12. ACKNOWLEDGEMENT: Your Directors wish to place on record their grateful thanks for the valuable assistance and co-operation received from the Banks and various Government authorities. Your Directors also wish to place on record their appreciation for the sincere work by the Officers, Staff and Workers of the Company/

For and on behalf of the Board of Directors,

Place: Pasoond (Raj.) (NISHANT BAGLA) (D1LIP BAGLA)

Date: 26th June, 2009 Director Managing Director

Registered Office: National Highway No. 8, Pasoond, Dist. Raisamand - 313326 (Rajasthan)