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Eastern Treads Ltd


BSE: 531346 | NSE: NA | ISIN: INE500D01015 
Market Cap: [Rs.Cr.] 9 | Face Value: [Rs.] 10
Industry: Plantation & Plantation Products

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Board Meet

29-Apr-13 
Audited Results Eastern Treads Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 10, 2013, has decided the following : 1. Appraised the operational and financial report for the period of January 2013 to March 2013. 2. Since the actuarial valuation of gratuity as per Accounting Standards - AS-15 is not made available by Life Insurance Corporation, the Auditing of the Accounts of the Company has not completed. Hence the Board decided to adjourn the following agenda items: a) Approve the Audited Financial Results for the quarter ended on March 31, 2013. b) Approve the Annual Accounts for the year ended March 31, 2013. c) Approve the Directors Report and Corporate Governance Report. d) Approve Cost Compliance Certificate. e) Approve the Auditors Report on quarterly financial results for the period ended March 31, 2013. f) Approve the Auditors remuneration. 3. Recommended the Retirement of Mr. Neelcanta Iyer, Director by Rotation. 4. Recommended the reappointment of Auditors, M/s. JVR & Associates, Chartered Accountants. 5. Subject to the approval of the Central Government pursuant to section 233B of The Companies Act, 1956 and Companies (Cost Accounting Records) Rules, 2011, the Board decided to Appoint M/s. K. A Felix & Co., Cost Accountants, Cochin as the cost auditor(s) of the Company to conduct audit of cost accounting records maintained by the Company for the year ending on 2013-14. 6. Approved the Capital Expenditures. 7. Considered the CFO/CEO Certification. 8. Considered the Disclosure of interest by directors under section 24AA. 9. Considered the Declaration under Section 274(1)(g). 10. Authorised the Company Secretary to file forms with Registrar of Companies. 11. Considered Secretarial Certifications as per Regulation 55A of SEBI (Depositories and Participants) Regulations, 1996 and Clause 47 of the listing agreement. 12. Approve Rent agreement with Eastea Chai (P) Limited. 13. Considered the Internal Audit Report for the months December 2012 and January 2013. 14. Considered and Approved the proposal to take Building, Plant and Machinery on lease. 15. Approved the internet banking Facility for the Bank Accounts of the Company. 16. Decided to Avail Bank Loan from Federal Bank Ltd. 17. Discussed and Approved the Business plan and budget of the Company for the current financial Year. 18. Decide to adjourn the Board Meeting and to convene the Adjourned Board Meeting on April 29, 2013 to consider and approve the adjourned agenda items. (As per BSE Announcement Dated on 10.04.2013) (Adjourned) (As Per BSE Bulletin Dated On 11.04.2013) Eastern Treads Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2013, inter alia, has Approved the Auditors remuneration. (As Per BSE Announcement Dated on 29.04.2013) 
12-Feb-13 
Quarterly Results Eastern Treads Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2013, has decided to waive the charging of interest on delayed payment of allotment money, for the payments to be made up to March 31, 2013, and to issue reminder notices to the defaulting shareholders. Eastern Treads Ltd has informed BSE regarding Outcome of Board Meeting held on February 12, 2013. (As Per BSE Announcement Dated on 12.02.2013) Eastern Treads Ltd has informed BSE regarding Outcome of Board Meeting held on February 12, 2013.inter alia, has deciding the following : 1. Decided to waive the charging of interest on delayed payment of allotment money,for the payments to be made up to March 31,2013,and to issue reminder notices to the defaulting shareholders. 2. Decided to close some Bank Accounts for operational convenience. 3. Decided to Avail Bank Loan from Federal Bank Ltd. (As Per Bulletin Dated On 13.02.2013) 
12-Nov-12 
Quarterly Results Eastern Treads Ltd has informed BSE that the Board has decided at their meeting held on November 12, 2012 to waive the charging of interest on delayed payment of allotment money, for the payments to be made up to December 30, 2012, and to issue reminder notices to the defaulting shareholders. (As per BSE Announcement Dated on 12.11.2012)  
13-Aug-12 
Eastern Treads Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2012, inter alia, has decided the following items: 1. Approved the Capital Expenditures. 2. Considered the CFO/CEO Certification. 3. Approved the Related party transactions. 4. Decided to close some bank accounts. 5. Appointed Internal Auditors 6. Reviewed Internal Controls and Accounting Systems. 
29-May-12 
Audited Results Eastern Treads Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2012, inter alia, has decided the following : 1. Recommended the re-appointment of Mr. Navas M. Meeran and Mr. Naiju Joseph who retires by rotation. 2. Recommended the reappointment of Auditors. 3. Approved the Auditors remuneration. 4. Approved the Capital Expenditures. 5. Considered Disclosure of interest by directors under section 24AA. 6. Considered the Declaration under Section 274(1 )(g). 7. Authorised the Company Secretary to file forms with Registrar of Companies. 8. Decided to close some bank accounts. 9. Approve the Rent agreement with Eastern Condiments (P) Limited 10. Authorised the Cost Accountant to issue Compliance Certificate 11. Approved the Rent agreement with Eastea Chai (P) Limited 12. Decided to Avail Bank Loan from Federal Bank Ltd 13. Considered the Cost Accounting Compliance report. (As Per BSE ANnouncement Website Dated on 29/05/2012) 

AGM

26-Jun-13
AGM : 26.06.2013 
23-Aug-12
AGM 23.08.2012 Eastern Treads Ltd has informed BSE that the 19th Annual General Meeting (AGM) of the Company was held on August 23, 2012. (As Per BSE Announcement Dated on 23.08.2012) 
28-Sep-11
AGM 28/09/2011 Eastern Treads Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on September 28, 2011 inter alia, have transacted the following: 1. Considered and adopted the Audited Balance sheet as at March 31, 2011 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors' and Auditors' thereon. 2. Reappointed Mr. M. S. Ranganathan as the director of the company, who retired by rotation and, being eligible, offered himself for re-appointment. 3. Reappointed Mr. M. S. Sebastian as the director of the company, who retired by rotation and, being eligible, offered himself for re-appointment. 4. Reappointed the retiring Auditors M/s. JVR & Associates, Chartered Accountants, Kochi 16 as the Auditors of the company for the year 2011-12 and authorised the Board of Directors to fix the Auditors' remuneration in consultation with them. 5. Confirmed the reappointment of Mr. M. E. Mohamed as the Managing Director of the Company for a period of Five years with effect from August 26, 2011 on the terms and conditions as set out in the agreement, as recommended by the Remuneration Committee and approved by the Board at the Board meeting held on August 11, 2011. (AsPer BSE Annoncemenr Website Dated on 28/09/2011) 
22-Sep-10
AGM 22/09/2010 Eastern Treads Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on September 22, 2010, inter alia, have accorded to the following: 1. Considered and adopted the Audited Balance sheet as at March 31, 2010 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors' and Auditors' thereon. 2. Reappointed Mr. Neelacanta lyer as the director of the company, who retired by rotation and, being eligible, offered himself for re-appointment. 3. Reappointed Mr. M.E. Meeran as the director of the company, who retired by rotation and, be eligible, offered himself for re-appointment. 4. Reappointed the retiring Auditors M/s. JVR & Associates, Chartered Accountants, Kochi as the Auditors of the company for the year 2010-11 and authorised the Board of Directors to fix the Auditors' remuneration in consultation with them. (As Per BSE Announcement Website dated on 22.09.2010) 
24-Sep-09
AGM 24/09/2009 Eastern Treads Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 24, 2009, inter alia, have decided the following: 1. Considered and adopted the Audited Balance sheet as at March 31, 2009 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors' and Auditors' thereon. 2. Re-appointed Mr. Naves M. Meeran as the director of the Company, who retired by rotation and being eligible, offered himself for re-appointment. 3. Re-appointed Mr. Naiju Joseph as the director of the Company, who retired by rotation and being eligible, offered himself for re-appointment. 4. Re-appointed the retiring Auditors M/s. JVR & Associates, Chartered Accountants, Kochi as the Auditor of the Company for the year 2009-10 and authorised the Board of Directors to fix the Auditors remuneration in consultation with them. (As Per BSE Announcement Dated on 24/09/2009) 

EGM

05-Feb-09
Eastern Treads Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 05, 2009, inter-alia, has transacted the following: 1. Considered the application to be made to CDSL / NSDL for admission of securities in de-materialized form and decided to apply to CDSL / NSDL for the admission of the company's equity shares to the depository system. 2. Decided to seek the consent of the members to enhance the Authorised Capital of the Company from Rs 6,00,00,000 divided into 60,00,000 Equity Shares of Rs 10/- Each to Rs 16,00,00,000 by creation of 10,00,000 Redeemable Preference Shares of Rs 100/- each and to amend the Memorandum of Association for the same. 3. Decided to seek the consent of the members under Section 80, 81 and other applicable provisions, if any, of the Companies Act, 1956 to issue 10 Lakhs Redeemable Preference shares of Rs 100/- each to the promoters of the company by converting their loan and / or interest on such loans into Redeemable Preference Shares of the company. 4. Decided to seek the consent of the members pursuant to the provisions of section 149(2A) of the Companies Act, 1956 to the commencement all or any business as specified in clause 6 and 11 of the other object clause of the Memorandum of Association of the company. 5. Decided to convene the Extra Ordinary General Meeting on February 05, 2009. 6. Approved the draft notice for convening Extra Ordinary General Meeting of the Company, on February 05, 2009. Eastern Treads Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 05, 2009, inter alia, to transact the following: 1. To increase the Authorised Share Capital of the Company from Rs 6,00,00,000 (Rupees Six Crores Only) divided into 60,00,000 (Sixty Lakh Only) Equity Shares of Rs 10/- (Rupees Ten Only) each to Rs 16,00,00,000 (Rupees Sixteen Crores Only) divided into 60,00,000 (Sixty Lakhs only) Equity Shares of Rs 10/- (Rupees Ten) each and 10,00,000 (Ten Lakhs) Redeemable Preference Shares of Rs 100/- (Rupees One Hundred) each & consequential amendments in the Clause V of the Memorandum of Association of the Company. 2. To issue, offer or allot, in the course of domestic offering, upto 10,00,000 Redeemable Preference Shares of the Company ("Preference Shares") of the face value of Rs 100/- (Rupees One Hundred), each aggregating to a nominal amount not exceeding Rs 10 Crores (Rupees Ten Crores), to be issued to the Promoters through conversion of existing loans and / or interest on such loans through private placement, or otherwise, in one or more trenches and upon necessary terms and conditions. 3. For commencement by the Company of all or any business as specified in Clause 6 & 11 of the other Object Clause of the Memorandum of Association of the Company. (As Per BSE Announcement Website dated on 13.01.2009) Eastern Treads Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 05, 2009, inter alia, has decided the following items: 1. Decided by way of ordinary resolution to enhance the Authorised Capital of the Company from Rs 6,00,00,000 divided into 60,00,000 Equity Shares of Rs 10/- Each to Rs 16,00,00,000 by creation of 10,00,000 Redeemable Preference Shares of Rs 100/- each and to amend the Memorandum of Association for the same. 2. Decided by way of special resolution under Section 80, 81 and other applicable provisions, if any, of the Companies Act, 1956 to issue 10 Lakhs Redeemable Preference shares of Rs 100/- each to the promoters of the Company by converting their loan and / or interest on such loans into Redeemable Preference Shares of the Company. 3. Accorded the consent by way of special resolution pursuant to the provisions of section 149(2A) of the Companies Act, 1956 to the commencement all or any business as specified in clause 6 and 11 of the other object clause of the Memorandum of Association of the Company. (As Per BSE Announcement Website dated on 05.02.2009) 

Peer Comparison

Company Market Cap
(Rs. in Cr.) 		P/E (TTM)
(x) 		P/BV (TTM)
(x) 		EV/EBIDTA
(x) 		ROE
(%) 		ROCE
(%) 		D/E
(x)
GAIL (India) 41,200.23 10.60 1.91 8.32 17.9 22.1 0.19
Adani Ports 30,481.73 17.37 4.55 17.95 24.7 15.1 0.93
Container Corpn. 14,453.78 15.35 2.58 7.09 16.6 22.1 0.00
Petronet LNG 10,470.00 9.11 2.35 7.79 34.1 27.3 1.05
Bajaj Holdings 9,905.37 14.93 1.91 13.45 12.0 13.6 0.00
CRISIL 6,617.84 35.84 14.56 25.73 47.1 63.7 0.00
Pipavav Defence 5,028.16 0.00 2.40 18.91 1.0 7.3 1.35
Multi Comm. Exc. 4,644.06 15.53 4.66 14.57 31.1 41.7 0.00
Info Edg.(India) 4,219.81 34.73 11.55 20.53 23.6 33.8 0.00
Indraprastha Gas 3,925.60 11.20 3.19 8.82 27.5 30.9 0.30
SPARC 3,528.01 0.00 32.54 0.00 0.0 0.0 0.00
Guj.St.Petronet 3,336.87 6.60 1.35 4.79 23.3 24.4 0.64
Guj Gas Company 3,093.39 11.03 3.28 10.70 34.4 37.6 0.29
Guj Pipavav Port 2,255.25 23.68 1.86 13.48 4.3 6.3 0.50
Credit Analysis 2,009.35 17.73 4.74 0.00 31.6 43.7 0.00

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Key Information

Key Executives:

M E Mohamed , Managing Director  

Navas M Meeran , Chairman  

M S Ranganathan , Director  

M S Sebastian , Director  

Company Head Office / Quarters:
3A 3rd Floor 7128/34/137 E,
NH ByePass Edappally Ernakulam,
Kochi,
Kerala-682024
Phone :
Fax :
E-mail :
Web : http://www.easterntreads.com
Registrars:
Integrated Enterprises (I) Ltd
Kences Tower
2nd Floor No 1
Ramakrishna Street
Chennai - 600 017

Fund Holding

 
Scheme Name No. of Shares
No data found

Calendar

May-2013
M T W T F S S
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