Emergy Phaarma Ltd. के निदेशक की रिपोर्ट

Sep 30, 2008

The Directors present the 15th Annual Report of the Company together with the Audited Accounts for the 12 months' period ended 30th September 2008. FINANCIAL RESULTS: The Financial Results of the Company for the year ended 30th September 2008 are summarized below: (Rs. In lakh) Particulars 2007-08 2006-07 Income 237.63 - Expenditure 27.93 23.57 Net Profit/(Loss) before Income Tax 209.69 (23.57) Provision for Tax (FBT) 0.01142 - Net Profit/(loss) after Tax 209.68 (23.57) Balance brought forward form Previous year (1240.58) (1217.01) Balance carried over to Balance Sheet 1030.89 (1240.58) Considering the financial position of the Company, your directors are unable to recommend dividend for this year. OPERATIONS: Non-availability of working capital continues to be a problem and as such during the period under consideration also, the operations in the plant could not be resumed. During the year company has settled the amount payable to IDBI Bank under one time settlement scheme. DEPOSITS: The company has not accepted deposits from the public within the meaning of Section 58 A of The Companies Act, 1956. DIRECTORS: Mrs. G. Padma, Director retires by rotation and being eligible offer herself for reappointment. LISTING AND PAYMENT OF FEE: Equity Shares of the company are listed on Bombay, Delhi, Ahmedabad and Hyderabad Stock Exchanges. Due to financial constraints, the listing fees to Stock Exchanges could not be paid. Efforts are being made to pay listing fees of the stock exchanges. CORPORATE GOVERNANCE: The Corporate Governance in Compliance with Clause 49 of the Listing Agreement is annexed hereto. DIRECTORS RESPONSIBILITY STATEMENT: Pursuant to Section 217(2AA) of the Companies Act, 1956, the Board hereby certifies and confirms that - In the preparation of Annual Accounts the applicable accounting standards had been followed along with proper explanation relating to material departures. - The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of your company at the end of the financial year and of the profit or loss of your company for that year. - The Director have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of your company and for preventing and detecting fraud and other irregularities and the Directors have prepared the annual Accounts on a going concern basis. AUDITORS: M/s. Visweswara Rao & Associates, Chartered Accountants, retire at the 15th Annual General Meeting and, being eligible, offer themselves for re-appointment. They have confirmed their eligibility and willingness for being re-appointed. OBSERVATIONS ON AUDITORS REPORT: 1. During the year the company has not acquired any fixed Assets and as such the fixed assets register of the company was not requires to be up dated during current financial year. 2. Company is not having the system of internal audit system due to lack of operations during the year. The company is proposing to take up the same on resumption of operations. 3. The accounts of the company have been drawn up on going concern basis and the board of directors are of the opinion that the company will recoup from adverse financial conditions shortly. 4. The provisions for retirement benefits are not provided. The company proposes to take up group Insurance schemes on resumption of operations shortly in the company. 5. The company was not able to recognize the impairment loss as the operations could not be resumed and loss could not be assessed. However, the company will comply with accounting standard- 28 from the current financial year on wards. 6. The company has not made any profits during the year and because of future uncertainty of profits the effect of deferred tax is not provided. 7. Out standing statutory liabilities: a) Efforts are being made to resolve the appeals pending before Customs Excise and Gold Appellate Tribunal relating to Excise/Customs duty for the years 1995-96 & 97-98. b) Efforts are being made to discharge the out standing Income tax liability. 8. With reference to other observations made in Auditors' Report, the notes on Accounts are self-explanatory. CONSERVATION OF ENERGY/ TECHNOLOGY ABSORPTION I FOREIGN EXCHANGE EARNINGS AND OUTGO: Since there were no operations at plant during the year, there is no consumption of energy. However the company has taken all the necessary steps to conserve the energy. PERSONNEL: None of the employees was in receipt of remuneration as stipulated under Section 217(2A) of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975, Your company maintained harmonious relationship with all the employees at all levels during the year. ACKNOWLEDGEMENTS: Your Directors thank the Government authorities, financial institutions, Banks, Customers and Suppliers for the kind co-operation and assistance. Your Directors also thank the Shareholders for their continued confidence in the Company. Your Directors also would like to convey their appreciation to all the employees for their dedication. For and on behalf of the Board For Emergy Pharma Limited Place: Secunderabad G. Date: 21th February 2009 Chairman & Managing Director

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Sep 30, 2007

The Directors present the 14th Annual Report of the Company together with the Audited Accounts for the 12 months' period ended 30th September 2007.

FINANCIAL RESULTS:

The Financial Results of the Company for the year ended 30th September 2007 are summarised below:

(Rs. In lakh)

Particulars 2006-07 2005-06

Income _ 28.15

Expenditure 23.57 33.69

Net Profit/(Loss) before Income Tax (23.57) (5.54)

Provision for Tax _ _

Net Profit/(loss) after Tax (23.57) (5.54)

Balance brought forward form previous year (1217.01) (1211.47)

Balance carried over to Balance Sheet (1240.58) (1217.01)

Considering the financial position of the Company, your directors are unable to recommend dividend for this year.

OPERATIONS:

Non-availability of working capital continues to be a problem and as such during the period under consideration also, the operations in the plant could not be resumed. The Company is continuing its efforts to negotiate with the interested parties and IDBI for resumption of the operations at the plant.

DEPOSITS:

The company has not accepted deposits from the public within the meaning of Section 58 A of The Companies Act, 1956.

DIRECTORS:

Mr. A S K Varma, Director retires by rotation and being eligible offer himself for reappointment.

LISTING AND PAYMENT OF FEE:

Equity Shares of the company are listed on Bombay, Delhi, Ahmedabad and Hyderabad Stock Exchanges. Due to financial constraints, the listing fees to Stock Exchanges could not be paid. Efforts are being maid to pay listing fees of the stock exchanges.

CORPORATE GOVERNANCE:

The Corporate Governance in Compliance with Clause 49 of the Listing Agreement is annexed hereto.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 1956, the Board hereby certifies and confirms that

-in the preparation of Annual Accounts the applicable accounting standards had been followed along with proper explanation relating to material departures.

-The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of your company at the end of the financial year and of the profit or loss of your company for that year.

-The Director have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of your company and for preventing and detecting fraud and other irregularities and the Directors have prepared the annual Accounts on a going concern basis.

AUDITORS:

M/s. Visweswara Rao & Associates, Chartered Accountants, retire at the 14th Annual General Meeting and, being eligible, offer themselves for re-appointment. They have confirmed their eligibility and willingness for being re-appointed.

OBSERVATIONS ON AUDITORS REPORT:

1. During the year the company has not acquired any fixed Assets and as such the fixed assets register of the company was not requires to be up dated during current financial year.

2. Company is not having the system of internal audit system due to lack of operations during the year. The company is proposing to take up the same on resumption of operations.

3. The accounts of the company have been drawn up on going concern basis and the board of directors are of the opinion that the company will recoup from adverse financial conditions shortly.

4. The provisions for retirement benefits are not provided. The company proposes to take up group Insurance schemes on resumption of operations shortly in the company.

5. The company was not able to recognise the impairment loss as the operations could not be resumed and loss could not be assessed. However, the company will comply with Accounting standard- 28 from the current financial year on wards.

6. The company has not made any profits during the year and because of future uncertainty of profits the effect of deffered tax is not provided.

7. Out standing statutory liabilities:

a) Efforts are being made to resolve the appeals pending before Customs Excise and Gold Appellate Tribunal relating to Excise/Customs duty for the years 1995-96 & 97-98.

b) Efforts are being made to discharge the out standing Income tax liability.

8. With reference to other observations made in Auditors' Report, the notes on Accounts are self-explanatory.

CONSERVATION OF ENERGY/ TECHNOLOGY ABSORPTION I FOREIGN EXCHANGE EARNINGS AND OUTGO:

Since there were no operations at plant during the year, there is no consumption of energy. However the company has taken all the necessary steps to conserve the energy.

PERSONNEL:

None of the employees was in receipt of remuneration as stipulated under Section 217(2A) of the Companies Act, 1956 read with the companies {Particulars of Employees) Rules, 1975. Your company maintained harmonious relationship with all the employees at all levels during the year.

ACKNOWLEDGEMENTS:

Your Directors thank the Government authorities, financial institutions, Banks, Customers and Suppliers for the kind co-operation and assistance. Your Directors also thank the Shareholders for their continued confidence in the Company. Your Directors also would like to convey their appreciation to all the employees for their dedication.

For and on behalf of the Board

Place: Secunderabad G MALLAPA RAJU

Date: 22nd February 2008 Chairman & Managing Director

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Sep 30, 2006

The Directors present the 13th Annual Report of the Company together with the Audited Accounts for the 12 months' period ended 30th September 2006.

FINANCIAL RESULTS:

The Financial Results of the Company for the year ended 30th September 2006 are summarised below:

(Rs. In lakh)

Particulars 2005-06 2004-05

Income 28.15 0.00

Expenditure 33.69 37.71

Net Profit/(Loss) before Income Tax (5.54) (37.71)

Provision for Tax _ -

Net Profit/(loss) after Tax (5.54) (37.71)

Balance brought forward form previous year (1211.47) (1173.76)

Balance carried over to Balance Sheet (1217.01) (1211.47)

Considering the financial position of the Company, your directors are unable to recommend dividend for this year.

OPERATIONS:

Non-availability of working capital continues to be a problem and as such during the period under consideration also, the operations in the plant could not be resumed. The Company is continuing its efforts to negotiate with the interested parties and IDBI for resumption of the operations at the plant.

DEPOSITS:

The company has not accepted deposits from the public within the meaning of Section 58 A of The Companies Act, 1956.

DIRECTORS:

Mr. .G.V.V.S.N. Varma Director retires by rotation and being eligible offer himself for reappointment.

LISTING AND PAYMENT OF FEE:

Equity Shares of the company are listed on Bombay, Delhi, Ahmedabad and Hyderabad Stock Exchanges. Due to financial constraints, the listing fees to Stock Exchanges could not be paid. Efforts are being made to pay listing fees to the respective stock exchanges.

CORPORATE GOVERNANCE:

The Corporate Governance in Compliance with Clause 49 of the Listing Agreement is annexed hereto.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 1956, the Board hereby certifies and confirms that

-In the preparation of Annual Accounts the applicable accounting standards had been followed along with proper explanation relating to material departures.

-The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of your company at the end of the financial year and of the profit or loss of your company for that year.

-The Director have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of your company and for preventing and detecting fraud and other irregularities and the Directors have prepared the annual Accounts on a going concern basis.

AUDITORS:

M/s Visweswara Rao & Associates, Chartered Accountants, retire at the 13th Annual General Meeting and, being eligible, offer themselves for re-appointment. They have confirmed their eligibility and willingness for being re-appointed.

OBSERVATIONS ON AUDITORS REPORT:

1. During the year the company has not acquired any fixed Assets and as such the fixed asset register of the company was not requires to be up dated during current financial year.

2 Company is not having the system of internal audit system due to lack of operations during the year. The company is proposing to take up the same on resumption of operations.

3. The accounts of the company have been drawn up on going concern basis and , the board of directors are of the opinion that the company will recoup from adverse financial conditions shortly.

4. The provisions for retirement benefits are not provided. The company proposes to take up group Insurance schemes on resumption of operations shortly in the company.

5. The company was not able to recognise the impairment loss as the operations could not be resumed and loss could not be assessed. However, the company will comply with Accounting standard- 28 from the current financial year on wards.

6. The company has not made any profits during the year and because of future uncertainty of profits the effect of deffered tax is not provided.

7 Out standing statutory liabilities:

a) Efforts are being made to resolve the appeals pending before Customs Excise and Gold Appellate Tribunal relating to Excise/Customs duty for the years 1995-96 & 97-98.

b) Efforts are being made to discharge the out standing Income tax liability.

8. With reference to other observations made in Auditors' Report, the notes on Accounts are self-explanatory.

CONSERVATION OF ENERGY/ TECHNOLOGY ABSORPTION I FOREIGN EXCHANGE EARNINGS AND OUTGO:

Since there were no operations at plant during the year, there is no consumption of energy. However the company has taken all the necessary steps to conserve the energy.

PERSONNEL:

None of the employees was in receipt of remuneration as stipulated under Section 217(2A) of the Companies Act, 1956 read with the companies {Particulars of Employees) Rules, 1975. Your company maintained harmonious relationship with ail the employees at all levels during the year.

ACKNOWLEDGEMENTS:

Your Directors thank the Government authorities, financial institutions, Banks, Customers and Suppliers for the kind co-operation and assistance. Your Directors also thank the Shareholders for their continued confidence in the Company. Your Directors also would like to convey their appreciation to all the employees for their dedication.

For and on behalf of the Board

Place: Secunderabad

Date: 22nd February 2007 G. MALLAPA RAJU

Chairman & Managing Director