Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Board of Directors
Auditor
T.K. Kuruvilla, Kottayam
G.J. Ancheril
- Whole-time Director
Mary Alex
Solicitor
Joseph & Markos, Kottayam
Alex George
Company Secretary
Thomas P. Chacko, Cochin
A.V. George
Cdr Mani Thomas
Bank
Syndicate Bank
Thommen T. Kuruvilla
Registered Office
Ancheril Bank Buildings
Post Box No.1
Kottayam - 686 001.
Kerala
Contents
Page
Directors report
2-3
4-5
Auditors report
6-10
11
Profit and Loss Account for the year ended March 31, 2013
12
Cash Flow Statement for the year ended March 31, 2013
13
14-27
DIRECTORS REPORT
7,77,93,900
8,81,73,900
4,33,63,500
(34,28,000)
18,700
3,99,54,200
17,04,51,200
21,04,05,400
5,94,39,800
(29,05,000)
2,32,200
5,67,67,000
11,60,44,200
17,28,11,200
Appropriation
Transfer to General Reserve during the year
Dividend on equity
PROFIT AND LOSS ACCOUNT
BALANCE AT MARCH 31, 2013
(56,80,000)
(39,17,100)
20,08,08,300
(23,60,000)
____-____
17,04,51,200
Future prospects
The Company expects the rubber prices to remain steady during the year .The Company replanted 32 hectares in
Kutikul estate during the year under review and is planning to replant 9 hectares in the Paalali estate during the
coming year
Dividend
The Directors recommend a dividend of Rs 20 per share. The dividend , together with the corporate income tax on
distributed profit will absorb a sum of Rs 45,82,800/-.
that the applicable accounting standards have been followed in the preparation of final accounts and that there
have been no material departures from there standards
that such accounting policies have been selected and applied consistently and such judgements and estimates
made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at
March 31, 2012 and of the profit of the Company for the year ended on that date;
that proper and sufficient care has been taken for the maintenance of adequate accounting records in
accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;
-
that the annual accounts have been prepared on a going concern basis.
Thomas P. Chacko
Company Secretary in Practice
Poonithara
Yacht Club Enclave
Cochin 682 013
Tel: 9446571369
-3-
The Company has kept and maintained all registers as stated in Annexure A to
this certificate, as per the provisions and the rules made there under and all
entries therein have been duly recorded.
14.
2.
The Company has duly filed the forms and returns as stated in Annexure B to
this certificate, with the Registrar of Companies within the time prescribed
under the Act and the rules made there under.
15.
3.
16.
The Company has not appointed any sole selling agents during the financial
year.
4.
The Board of Directors duly met six (6) times respectively on 30.04.2012,
20.07.2012, 20.10.2012, 27.11.2012, 29.01.2013 and 12.03.2013 in respect of
which meetings proper notices were given and the proceedings were properly
recorded and signed including the circular resolutions passed in the Minutes
Book maintained for the purpose.
17.
The Company was not required to obtain any approval of Central Government,
Company Law Board, Regional Director, Registrar and/or such authorities
prescribed under the various provisions of the Act during the financial year.
18.
5.
19.
6.
The Annual General Meeting for the financial year ended on 31st March, 2013
was held on 28.09.2012 after giving due notice to the members of the company
and the resolutions passed there at were duly recorded in Minutes Book
maintained for the purpose.
The Company has not issued any shares, debentures or other securities during
the financial year.
20.
The Company has not bought back any shares during the financial year.
21.
22.
23.
The Company has not invited/accepted any public deposits including any
unsecured loans falling within the purview of section 58A during the financial
year.
24.
25.
The Company has not made loans or given guarantees or provided securities to
other bodies corporate. The investments made are in compliance with the
provisions of the Act and the company has made necessary entries in the
register kept for the purpose.
26.
The Company has not altered the provisions of the Memorandum with respect
to the location of the companys registered office from one State to another
during the financial year under scrutiny.
27.
The Company has not altered the provisions of the Memorandum with respect
to the objects of the company during the year under scrutiny.
28.
The Company has not altered the provisions of the Memorandum with respect
to name of the company during the year under scrutiny.
29.
The Company has not altered the provisions of the Memorandum with respect
to share capital of the company during the year under scrutiny.
30.
The Company has not altered its Articles of Association during the financial
year.
31.
7.
8.
The Company has not advanced any loans to its directors or persons or firms or
companies referred to under section 295 of the Act.
9.
The Company has duly complied with the provisions of section 297 of the Act
in respect of contracts specified in that section.
10.
The Company has made necessary entries in the register maintained under
section 301 of the Act.
11.
As there were no instances falling within the purview of section 314 of the Act,
the company has not obtained any approvals from the Board of directors,
members or Central Government.
12.
The Company has issued one duplicate share certificate during the financial
year.
13.
The Company :
(i)
(ii)
(iii)
(iv)
(v)
32.
The Company has not received any money as security from its employees during
the financial year.
33.
has duly complied with the requirements of Section 217 of the Act.
Place: Cochin- 682 013
Date : 30.05.2013
Thomas P Chacko
Company Secretary in Practice
C.P.No.4251 FCS 4066
Annexure A
Registers as maintained by the Company
-4-
Annexure B
Forms and Returns as filed by the Company with the Registrar of Companies, during the financial year ended on 31st March, 2013.
Sl
Form No/
Filed
For
Date of filing
Whether
If delay in
No.
Return
under
filed within
filing
Section
prescribed
whether
time
requisite
Yes/No
additional fee
paid Yes/No
1
Form 23
192
Re- appointment of
27.10.2012
Yes
No
Whole time Director and
payment of
remuneration to Mr.G. J.
Ancheril
2
Form 25C
269(2)
Re-Appointment and
20.12.2012
Yes
No
payment of remuneration
to Whole-time Director
Mr. G. J. Ancheril
3
Form 66
383A
Compliance Certificate
25.10.2012
Yes
No
2011-12
4
Form 20 B
159
Annual Return
27.11.2012
Yes
No
2011-12
5
Form 23C
233 B (2)
Appointment of Cost
31.12.2012
No
Yes
Auditor
6
Form 23 AC-XBRL & 220
Annual Report
11.01.2013
Yes
No
Form 23ACA- XBRL
2011-12
7.
Form A-XBRL
209
Compliance Report and
31.01.2013
Yes
No
(1)(D)
other documents with
the Central Government
Thomas P Chacko
Company Secretary in Practice
C.P.No.4251 FCS 4066
Auditiors Responsibility
My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit
in accordance with Standards on Auditing issued by the Institute of Chartered Accountants of India. Those
Standards require that I comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amount and disclosures in the
financial statements. The procedures selected depend on the auditors judgment, including the assessment of the
risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the Companys preparation and fair presentation of
the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting
estimates made by management, as well as evaluating the overall presentation of the financial statements.
I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit
opinion.
Opinion
In my opinion and to the best of my information and according to the explanations given to me, the financial
statements give the information required by the Companies Act,1956, in the manner so required and give a true
and fair view in conformity with the accounting principles generally accepted in India:.
i.
ii.
iii.
in the case of the Balance Sheet, of the state of the Companys affairs as at March 31, 2013;
in the case of the Profit and Loss Account, of the proit for the year ended on that date; and
in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.
As required by the Companies ( Auditors Report) Order 2003 issued by the Central Government of India in
terms of sub-section (4A) of section 227 of the Companies Act, 1956, I enclose in the Annexure hereto a
statement on the matters specified in paragraph 4 and 5 of the said order.
-6-
a.
I have obtained all the information and explanations which to the best of my knowledge and belief
were necessary for the purposes of my audit.
b.
In my opinion, proper books of account as required by law have been kept by the Company so far as it
appears from my examinations of those books of account.
c.
The Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in
agreement with the books of account.
d.
In my opinion the Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this
report comply with the mandatory Accounting Standards referred in Section 211 (3C) of the Companies
Act, 1956.
e.
On the basis of written representations received from the Directors as on March 31, 2013 and taken on
record by the Board of Directors , none of the directors is disqualified as on March 31, 2013from being
appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act,
1956.
T.K. KURUVILLA
Chartered Accountant
Membership No.020174
In respect of Inventory : a.
b.
c.
(iii)
The company has maintained proper records of fixed assets showing full particulars of quantitative
details and location on the basis of available information.
As explained to me the fixed assets have been physically verified by the management during the year
in a phased periodical manner and no material discrepancies were identified on such verification.
In my opinion no substantial part of the fixed assets have been disposed off during the year and the
going concern status of the Company is not affected.
In respect of loans secured or unsecured granted or taken by the company to / from companies, firms or
other parties covered in the register maintained under section 301 of the Companies Act, 1956 : a. The Company has not granted or taken any loan, secured or unsecured, to companies, firms, or other
parties covered in the register maintained under section 301 of the Companies Act 1956.
(iv)
In my opinion and according to the information and explanations given to me there are adequate internal
control system commensurate with the size of the company and the nature of its business, for the purchase
of inventory, fixed assets, for the sale of goods and rendering of services. During the course of my audit I
have not observed any major weaknesses in internal control system.
(v)
In respect of contracts or arrangements covered under section 301 of the Companies Act, 1956 : -
(vi)
a.
In my opinion and according to the information and explanations given to me the contracts or
arrangements that needed to be entered into a register in pursuance of section 301 of the Companies
Act have been so entered.
b.
In my opinion and according to the information and explanations given to me each of these
transactions made in Pursuance of such contracts or arrangements and exceeding the value of Rupees
Five Lakhs in respect of any party during the year have been made at prices which are reasonable
having regard to the prevailing market prices at the relevant time.
The company has not accepted any deposit from the public.
(vii) In my opinion the company has an internal audit system commensurate with its size and nature of its
business.
(viii)
The Central Government has prescribed maintenance of Cost Records under Section 209(1)(d) of The
CompaniesAct,1956 in respect of rubber manufacturing activities of the Company. I have broadly
reviewed the accounts and records of the Company in this connection and I am of the opinion that,
prima facie, the prescribed accounts and records have been made and maintained. I have not, however,
made a detailed examination of the same.
According to the records of the company the company is generally regular in depositing undisputed
statutory dues including Provident Fund, Investor Education and Protection Fund, Income Tax, Sales
Tax, Cess, Excise Duty, Service Tax and any other statutory dues with the appropriate authorities.
According to the information and explanations given to me the company has no liability to pay
Employees State Insurance, Wealth Tax and Customs Duty. According to the information and
-8-
The company has no accumulated losses at the end of the financial year 2012-13. The Company has not
incurred cash loss during the years 2012-13 and 2011-12.
(xi) Based on my audit procedures and according to the information and explanations given to me, I am of the
opinion that the company has not defaulted in repayment of dues to a financial institution or bank. The
company has no debenture holder.
(xii) In my opinion and according to the information and explanation given to me the company has not granted
loans and advances on the basis of security by way of pledge of shares, debentures and other securities.
(xiii) In my opinion the provisions of special statute applicable to Chit Fund, Nidhi / Mutual Benefit Fund /
Societies are not applicable to the company. The Company is not a Chit Fund or a Nidhi/ Mutual Benefit
Fund/ Society.
(xiv) The company is not dealing or trading in shares, securities, debentures and other investments.
(xv) According to the information and explanations given to me the company has not given any guarantee for
loans taken by others from bank or financial institution.
(xvi) No term loans were obtained during the year under audit.
(xvii) According to the information and explanation given to me no funds raised on short term basis have been
used for long term investment.
(xviii) During the year the company has not made any preferential allotment of shares to parties and companies
covered in the Register maintained under section 301 of the Companies Act 1956.
(xix) The company has not issued any debenture.
(xx) The company has not raised any money by public issue during the year.
(xii) In my opinion and according to the information and explanations given to me no fraud on or by the company
has been noticed or reported during the course of my audit .
-9-
T.K. KURUVILLA
Chartered Accountant
Membership No.020174
Note
March 31,2013
Rs.
Rs.
Shareholders funds
Share capital
19,58,600
-10-
19,58,600
22,99,57,600
23,19,16,200
19,39,20,500
19,58,79,100
5
6
49,98,700
1,98,92,900
2,48,91,600
31,27,800
1,75,92,900
2,07,20,700
7
8
9
10
66,400
1,23,28,000
16,80,300
11
12
9,75,08,700
22,81,500
13
14
Current assets
Current investments
Inventories
Trade receivables
Cash and cash equivalents
Short-term loans advances
Other current assets
TOTAL
15
16
17
18
19
20
1,40,74,700
27,08,82,500
9,97,90,200
57,900
2,39,34,800
8,92,600
9,34,72,900
20,68,500
1,04,35,300
1,97,70,300
10,00,000
40,32,800
88,11,300
8,15,79,100
4,34,04,400
20,59,100
14,08,86,700
27,08,82,500
2,48,85,300
24,14,85,100
9,55,41,400
1,04,35,300
1,74,28,800
10,00,000
41,34,000
54,09,800
10,40,90,800
5,46,700
28,98,300
11,80,79,600
24,14,85,100
G.J. ANCHERIL
MARY ALEX
ALEX GEORGE
A.V. GEORGE
THOMMEN T.
KURUVILLA
Whole-time
Director
Whole-time
Director
Director
Director
Director
Director
Chartered Accountant
Membership No.020174
PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED MARCH 31, 2013
Particulars
Note
Rs.
Other Income
Total Revenue
Expenses :
21
22
March 31,2013
Rs.
5,44,74,600
2,33,19,300
Rs.
7,00,08,800
1,81,65,200
7,77,93,900
-11-
8,81,74,000
23
24
25
26
(2,67,500)
2,72,68,700
36,700
26,88,500
1,52,36,400
12,59,900
2,16,12,600
35,000
22,79,100
1,34,81,600
27
28
4,49,62,800
3,28,31,100
3,86,68,200
4,95,05,800
1,05,32,400
4,33,63,500
99,34,000
5,94,39,800
(34,28,000)
18,700
(29,05,000)
2,32,200
____-_____
____-_____
3,99,54,200
5,67,67,000
29
204
289.84
G.J. ANCHERIL
MARY ALEX
ALEX GEORGE
A.V. GEORGE
THOMMEN T.
KURUVILLA
Whole-time
Director
Whole-time
Director
Director
Director
Director
Director
Chartered Accountant
Membership No.020174
CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2013
2012 - 13
Rs.
A
-12-
2011 - 12
Rs.
3,28,31,100
4,95,05,800
26,88,500
(3,03,500)
(72,29,200)
2,79,86,900
1,01,100
22,79,100
(91,800)
(75,06,900)
4,41,86,200
4,67,600
(4,57,58,200)
(93,02,400)
(2,69,72,600)
(14,700)
(18,79,500)
(3,92,500)
(6,00,000)
(2,98,59,300)
3,95,000
(2,94,64,300)
(11,03,200)
1,53,65,700
5,89,16,300
(4,200)
(18,45,100)
(4,55,000)
(70,000)
5,65,42,000
5,19,500
5,70,61,500
(6,58,64,500)
8,68,14,400
(13,13,600)
(71,98,400)
1,17,73,600
6,36,800
65,01,700
7,42,200
3,20,92,200
(14,32,14,600)
6,80,00,000
(38,48,000)
1,49,20,300
(12,20,100)
(19,93,500)
1,12,56,400
1,09,400
53,27,400
21,83,900
(4,84,78,800)
(6,35,500)
(35,54,300)
(41,89,800)
(6,35,400)
(39,75,000)
(46,10,400)
(15,61,800)
39,72,300
66,26,400
50,64,600
26,54,100
66,26,400
G.J. ANCHERIL
MARY ALEX
ALEX GEORGE
A.V. GEORGE
THOMMEN T.
KURUVILLA
Whole-time
Director
Whole-time
Director
Director
Director
Director
Director
Chartered Accountant
Membership No.020174
The financial statements have been prepared under the historical cost convention, on the accrual basis of
accounting and in accordance with the Companies Act, 1956.
2.
assets
are stated
at
cost
less
is
provided
The expenses relating to new planting and replanting of rubber trees and expenses of maintaining immature area
are capitalised under the fixed asset head Land and development. In the case of Kutikul Estate the expenses
relating to new planting and replanting of rubber trees and expenses of maintaining immature area are treated as
revenue expenditure and charged to profit and loss account.
(b) Sale of standing rubber trees
The cost of standing rubber trees sold is credited to Land and Development. The profit on sale of standing rubber
trees is credited to the Profit and Loss account.
(c) Investments
Investments are stated at cost less any permanent diminution in value.
(d) Inventories Rubber , Stores & Spares , and Nurseries
Inventories are stated at the lower of cost and net realisable value. In the case of rubber, cost includes estate
expenditure and processing costs of conversion of latex to rubber. Net realisable value is the price at which
inventories can be sold in the normal course of business after allowing for the cost of realisation. Provision is made
where necessary for obsolescent, slow-moving and defective inventories.
(e) Live Stock
In the case of live stock the company is rearing cattle for sale. The Cost of procurement , rearing and selling
expenses are treated as revenue expenditure and its sale value is treated as income .The Stock at the end of the year
is shown at the fair value less selling cost
(f) Foreign currency
Foreign currency transactions are recorded at the exchange rates prevailing at the dates of the transactions. Assets
and liabilities expressed in foreign currencies are translated to Indian Rupees at the rates of exchange ruling at the
balance sheet date.
(g) Sales
Sales represent the invoiced value of goods supplied less taxes there of .
(h) Taxation
Provision for Income-tax charged to the Profit and Loss Account comprises Current Tax, which is the amount of
income-tax determined to be payable in accordance with the prevailing tax laws in respect of the taxable income
for the year and Deferred Tax, which is the tax effect of timing differences. In accordance with Accounting
Standard 22 Accounting for Taxes on Income, issued by the Institute of Chartered Accountants
of India, the deferred tax for timing differences between the book and tax profits for the year is accounted for using
the tax laws and rules that have been enacted or substantially enacted as at the balance sheet date.
(i) Retirement benefits
The Companys gratuity scheme in respect of employees is funded with Life Insurance Corporation of India
(LIC) and Annual contribution to the Fund actuarially assessed by LIC is expensed. The Provision for
Contribution to fund for past year services is also expensed to the extent provisions are not available . Provision
for Gratuity at HO are expensed The Company also makes regular contributions to the Provident Fund and in
respect of the superannuation scheme and these are charged to the Profit and Loss Account..
3) SHARE CAPITAL
March 31,2013
Rs.
-14-
50,00,000
50,00,000
Issued
1,97,285 (March 31, 2012 1,97,285) equity shares of Rs. 10 each
19,72,800
19,72,800
13,65,700
13,65,700
5,92,900
19,58,600
5,92,900
19,58,600
Class of Shares
Equity Shares
Equity Shares
Equity Shares
As at March 31 , 2013
Numbers
% age
30,172
15.41
26,775
13.67
23,709
12.11
As at March 31 , 2012
Numbers
% age
29,100
14.86
26,775
13.67
23,649
12.07
Equity Shares
Equity Shares
Equity Shares
Equity Shares
17,073
13,346
13,011
10,343
17,073
13,346
13,011
10,343
8.72
6.81
6.64
5.28
8.72
6.81
6.64
5.28
No shares were allotted as fully paid up pursuant to contracts without payment being received in cash or were
issued as fully paid up bonus shares and no shares of any class were bought back for the period of five years
immediately preceding the date of balance sheet
There were no calls unpaid or forfeited shares
Capital reserve
1,17,84,300
1,17,84,300
Share premium
1,80,000
1,80,000
1,15,05,000
56,80,000
1,71,85,000
91,45,000
23,60,000
1,15,05,000
17,04,51,200
3,99,54,200
21,04,05,400
11,60,44,200
39,17,100
56,80,000
20,08,08,300
22,99,57,600
23,60,000
17,04,51,200
19,39,20,500
5,67,67,000
17,28,11,200
Note
Proposed Dividend
The directors of the company have decided to recommend to the shareholders the declaration of a
dividend of Rs 20 on each equity shares of Rs 10 each fully paid up , at the annual general meeting of the
company to be held for adoption of the accounts for the year ended 31-03-2013 . The proposed dividend
will amount to Rs 39,17,100/-and the dividend tax payable thereon will be work out to approximately Rs
6,65,712/5) OTHER LONG-TERM LIABILITIES
March 31,2013
Rs.
49,98,700
49,98,700
31,27,800
31,27,800
March 31,2013
Rs.
1,98,92,900
1,98,92,900
6) LONG-TERM PROVISIONS
7) SHORT-TERM BORROWINGS
a) Loans repayable on demand
from banks
-16-
8) TRADE PAYABLES
Sundry Creditiors
March 31,2013
Rs.
66,400
66,400
57,900
57,900
March 31,2013
Rs.
92,30,800
19,14,900
11,82,300
1,23,28,000
2,06,57,000
24,58,200
8,19,600
2,39,34,800
March 31,2013
Rs.
15,67,800
1,12,500
16,80,300
8,92,600
___-__
8,92,600
Buildings
Rs.
Plant and
Furniture and Motor
machinery equipment
vehicles
Rs.
Rs.
Rs.
Total
Rs.
7,82,50,400
13,13,600
-
1,55,46,300 48,10,700
30,00,200
24,500
-
29,41,000
81,400
-
55,11,200 10,70,59,600
13,13,600
38,79,200
69,85,300
(19,26,200) (19,26,200)
(12,41,200)
7,83,22,800
___-____ ___-____
1,85,46,500 48,35,200
___-____
30,22,400
___-____ (12,41,200)
74,64,200 11,21,91,100
50,87,900 35,58,400
17,88,400
31,52,000
-17-
1,35,86,700
_____-____
____-____
10,27,600 1,75,400
____-___ ____ -___
61,15,500 37,33,800
2,76,100
____ -___
20,64,500
12,09,400
(15,92,800)
27,68,600
26,88,500
(15,92,800)
1,46,82,400
11,52,600
9,57,900
23,59,200
46,95,600
9,34,72,900
9,75,08,700
20,68,500
33,79,600
54,48,100
30,00,200
1,66,400
22,81,500
4,97,600
4,97,600
80,900
80,900
1,00,300
1,00,300
68,98,400
68,98,400
- Cost
- Market value (excludes The Thamarapally Rubber
company
Limited for which no quotation is available
Unquoted - Cost
10,000
100
10,000
100
28,48,000
1,04,35,300
35,26,800
28,48,000
1,04,35,300
35,26,800
47,38,861
69,08,500
41,91,342
69,08,500
1,50,100
1,50,100
4,64,600
1,91,55,600
1,97,70,300
4,74,600
1,68,04,100
1,74,28,800
10,00,000
________
10,00,000
10,00,000
________
10,00,000
10,00,000
10,00,000
11,57,996
10,42,135
-19-
Qty
i) Valued at lower of cost and net realisable value
Rubber
Stores and spares
Qty
15,369 Kg
15,41,300
12,22,800
6,90,200
12,069 Kg
13,56,900
15,43,600
7,38,100
47 Nos
5,78,500
40,32,800
47 Nos
4,95,400
41,34,000
Nurseries
ii) Valued at fair value less selling cost
Live Stock
87,46,300
48,45,800
65,000
88,11,300
5,64,000
54,09,800
19,400
1,04,300
38,62,900
7,65,14,500
57,02,500
9,74,64,400
11,82,300
8,15,79,100
8,19,600
10,40,90,800
4,32,67,100
32,100
1,05,200
4,34,04,400
4,95,300
39,200
12,200
5,46,700
20,59,100
20,59,100
28,98,300
28,98,300
Amount
3,36,000
3,77,16,700
1,64,08,900
13,000
5,44,74,600
2,10,057 Kg
1,09,464 Kg
2011 - 12
Qty
1,44,596 Kg
2,14,915 Kg
Amount
3,70,500
3,16,23,200
3,80,06,600
8,500
7,00,08,800
Interest income
Dividend Income :Other Non operating revenue
2011 - 12
Rs.
53,27,400
21,83,800
1,06,54,000
1,81,65,200
(2,67,500)
12,59,900
2012 - 13
2,11,39,200
24,37,200
9,83,800
27,08,500
2,72,68,700
2011 - 12
1,75,80,400
21,14,200
8,26,700
10,91,300
2,16,12,600
2012 - 13
2011 - 12
14,700
22,000
36,700
4,200
30,800
35,000
2012 13
2011 - 12
6,70,900
6,32,200
2,56,100
1,23,800
1,10,600
5,01,500
5,65,400
28,500
4,500
-22-
33,000
1,97,100
1,47,200
6,88,300
5,58,400
43,900
1,53,400
85,600
2,62,500
5,79,000
17,500
4,500
22,000
1,65,600
1,75,700
2,53,700
3,62,900
5,28,300
4,48,000
1,87,300
15,64,300
99,300
2,48,800
16,47,000
2,25,500
3,04,200
5,200
8,43,100
51,33,600
1,47,400
1,52,36,400
2,53,600
3,37,500
3,76,300
2,93,900
6,73,800
10,88,700
3,10,800
2,05,300
12,31,800
2,74,500
2,91,900
17,000
2,86,100
48,68,600
2,37,400
1,34,81,600
Rs.
Sale of rubber trees / firewood at:
Kutikul Estate, Mundakayam, Kerala
Paalali Estate ,Kulasekharam , Tamilnadu
67,62,500
50,11,100
1,17,73,600
Rs.
8,75,800
3,65,400
12,41,200
_
Profit on
sale of
rubber ,
firewood &
shade trees
Rs.
58,86,700
46,45,700
1,05,32,400
__2011 12 _
Profit on sale of
rubber trees/
firewood
Rs.
70,58,500
28,75,500
99,34,000
1,84,000
2,03,500
___ -__
3,87,500
9,500
1,24,500
48,700
1,82,700
2011 - 12
1,95,855
1,95,855
3,99,54,200
5,67,67,000
204
289.84
(i)
1.
2
3.
4.
5.
6
7.
(b)
Other related parties with whom transactions have taken place during the year:
Ooppoottil Agricultural Services The nature of related party relationship is that the sister of one
Director is a partner in Ooppoottil Agricultural Services, a partnership firm, over which the AVG Group of
Companies or any of its Directors does not have any control nor the ability to exercise significant influence in the
financial or operating decisions of that firm.
(ii) Key management personnel:
G.J. Ancheril Whole-time Director
Mary Alex - Whole time Director
(c)
The Nilgiri
Limited
Tea
Nature of transactions
Rs.
27,000
The
Udayagiri
Company Limited
Rubber
The Thamarapally
Company Limited
Volume of
transaction
s
NIL
telephone
4,700
7,01,800
-24-
Balance
March 31,
2013
Receivable/
(Payable)
Interested Directors
&
15,15,000
6,800
9,79,400
27,100
2,35,000
66,000
NIL
11,25,700
A.V George
Mary Alex
Alex George
NIL
G.J Ancheril
A.V George
Alex George
The remuneration paid to G.J. Ancheril, Whole-time Director ( Rs.12,65,300) and Mrs Mary Alex Whole time
Director (9,60,900) is disclosed in Note 34.
2011-12
1,82,400
28,45,400
30,27,800
Rs.
6%
94 %
100 %
1,62,000
24,61,900
26,23,900
6%
94 %
100 %
Salary
Contribution to Provident and
Perquisites
other funds
2012-13
Whole-time
Directors
Rs
2011 12
Whole-time
Director
Rs.
16,12,500
3,21,800
2,91,900
22,26,200
13,67,500
2,80,700
2,70,600
19,18,800
35). Previous years figures have been regrouped wherever necessary to make them comparable with those
of the current year.
For and on behalf of the Board
G.J. ANCHERIL
MARY ALEX
ALEX GEORGE
A.V. GEORGE
THOMMEN T.
KURUVILLA
Whole-time
Director
Whole-time
Director
Director
Director
Director
Director
Chartered Accountant
Membership No.020174
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