DIRECTORS
TO,
THE MEMBERS,
ANIL BIOPLUS LIMITED
Your Directors have the privilege of presenting the Annual Report and Audited Accounts
of the Company for the year ended March 31, 2014.
1. FINANCIAL RESULTS
The summary of financial results for the year is given below:
(Rs. in Lacs except per share data)
| PARTICULARS |
2013-14 |
2012-13 |
| Income from Sales |
7979.76 |
5636.75 |
| Increase / (Decrease) in Stocks |
112.47 |
(64.04) |
| Other Income |
46.89 |
6.26 |
| Total Income |
8139.12 |
5578.97 |
| Operating Expenses |
6052.66 |
4152.05 |
| Profit Before Depreciation, Interest & Tax |
2086.46 |
1426.93 |
| Less: Depreciation |
119.40 |
84.02 |
| Less: Interest |
304.31 |
140.40 |
| Profit Before Extraordinary items and Tax |
1662.75 |
1202.50 |
| Less: Extraordinary Items |
15.22 |
- |
| Profit Before Tax |
1647.53 |
1202.50 |
| Less: Provision for Taxation |
|
|
| Current Tax |
360.00 |
233.34 |
| Deferred tax |
130.91 |
63.07 |
| Short/(excess provision) for Income Tax |
91.10 |
(1.61) |
| Wealth Tax |
0.48 |
0.63 |
| Profit for the Year |
1065.05 |
907.07 |
2. DIVIDEND AND RESERVES
During the year under review, the Board of Directors have not recommended any dividend
in view of ploughing back the profits into ongoing projects considering the expansion
plans of the Company and to conserve the resources.
3. OPERATIONS
The Operations during the year under review were satisfactory. Your Company has
achieved a Total Income of Rs. 8139.12 Lacs as compared to Rs. 5578.97 Lacs in the
previous year yielding a growth of 45.88%. The profit after tax for the year under review
increased to Rs. 1065.05 Lacs as against Rs. 907.07 Lacs in the previous year.
4. DIRECTORS
Shri Nalin Kumar Thakur, Director of the Company will retire by rotation at the ensuing
Annual General Meeting and being eligible offers himself for re-appointment.
Shri Nalin Kumar Thakur brings more than 30 years of experience in the field of Systems
& Processes, out of which more than 16 years have been with Anil Group. His previous
experience was, 14 years in the field of Systems with Tata Steel. He was instrumental in
bringing SAP and implementing it at Anil in 1999 - 2000. He has designed and implemented
the Project Management System which is being used quite effectively by the project
designing and implementing team. He designed a unique organizational mapping tool
"PRISM Mapping". This is a very effective facilitation tool which can be put to
great use for implementing an ERP, BPR initiatives or/and any such organizational
effectiveness program.
Your Board recommends his re-appointment. Resolution seeking approval of the members
for the reappointment of Shri Nalin Kumar Thakur as Director of the Company have been
incorporated in the notice of the Annual General Meeting.
5. AUDITORS
M/s. Parikh & Majmudar, Chartered Accountants retire as auditors of the Company at
the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment
as Auditors. Pursuant to Section 139 and other applicable provisions of Companies Act,
2013, if any, the Audit Committee and Board of Directors of the Company has recommended
that M/s. Parikh & Majmudar, Chartered Accountants, be appointed as auditors for a
period of 4 years, subject to rectification by members at every Annual General Meeting,
from the conclusion of this Annual General Meeting till the conclusion of Annual General
Meeting to be held in the year 2018. The Company has received confirmation that their
appointment will be within the limits prescribed under section 141 of the Companies Act,
2013.
6. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has an adequate system of internal control implemented by the management
towards achieving efficiency in operations, optimum utilization of resources and effective
monitoring thereof and compliance with applicable laws. The internal control is
supplemented by an extensive programme of internal audits. The internal audit programme is
finalized in consultation with the Internal Auditors and the Audit Committee of the Board.
The Audit Committee is briefed on the findings by the internal auditors every quarter,
along with the remedial actions that have been recommended or have been taken by the
management to plug systemic weaknesses. The Internal Auditor of the Company conducts the
audit on regular basis and the Audit Committee actively reviews internal audit reports and
effectiveness of internal control systems. Internal Control Systems are implemented to
safeguard the Companys assets from loss or damage, to keep a constant check on the cost
structure, to prevent revenue leakages, to provide adequate financial and accounting
controls and implement accounting standards.
7. PUBLIC DEPOSITS
During the year, Company has not accepted any Public Deposits, no amount of principal
or interest on account of Public Deposits is outstanding, as on the date of the Balance
Sheet.
8. DEMATERIALIZATION OF EQUITY SHARES
The Company has already admitted with the NSDL & CDSL for dematerialization
facility of shares of the Company. The demat security (ISIN) code for the equity share is INE126E01017.
Any query relating to shares and requests for transactions such as transmissions and
duplicate share certificates, non-receipt of Annual Report, etc., may please be taken up
with the share department of the Company. Any requests for transactions such as transfers,
dematerialization of shares, change of Address, nomination facilities, etc., may please be
taken up with the Registrar & Share Transfer Agents of the Company:
M/s. Link Intime India Private Limited
Unit No. 303, 3rd Floor,
Shoppers Plaza V.
Opp. Municipal Market, Behind Shoppers Plaza II,
Off C G Road, Navrangpura,
Ahmedabad - 380 009
Phone: 079-2646 5179
Fax No. 079-2646 5179
Email: ahmedabad@linkintime.co.in
9. DIRECTORS RESPONSIBILITY STATEMENT
In terms of Section 217 (2AA) of the Companies Act, 1956, in relation to the financial
statements for the year ended on March 31, 2014, the Board of Directors state that:
(i) the applicable accounting standards have been followed in preparation of the
financial statements and there are no material departures from the said standards:
(ii) in order to provide a true and fair view of the state of affairs of the Company as
on March 31, 2014 and the profits for the period ended on that date, reasonable and
prudent judgments and estimates have been made and generally accepted accounting policies
have been selected and consistently applied;
(iii) proper and sufficient care has been taken for 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;
(iv) the financial statements have been prepared on a going concern basis.
10. PARTICULARS OF EMPLOYEES AS PER SECTION 217(2A) OF THE COMPANIES ACT, 1956
The Company does not have employees to whom provisions of Section 217(2A) of the
Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 apply.
11. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND
OUTGO
The information pursuant to section 217(1)(e) of the Companies Act, 1956, read with the
Companies (Disclosure : of particulars in the Report of Board of Directors) Rules, 1988,
relating to the Conservation of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo are annexed to this report.
12. INDUSTRIAL RELATIONS
Relations with the Staff members and the workmen continued to be cordial and
satisfactory during the period under review. The Directors acknowledge and appreciate the
determination and sincere efforts of all employees.
13. INSURANCE
The Companys buildings, plant and machineries, stocks and other properties wherever
necessary and to the extent required have been adequately insured.
14. COST AUDITORS
For the Financial Year 2014-15, the Board of Directors of the Company has appointed, on
the recommendation of Audit Commitee, M/s. R. Nanabhoy & Co., as Cost Auditors of the
Company for auditing the cost accounts.
15. ACKNOWLEDGEMENTS
We thank our customers, vendors, investors and bankers for their continued support
during the year. We place on record our appreciation of the contribution made by our
employees at all levels. Our consistent growth was made possible by their hard work,
cooperation and support.
Your Directors would like to express their appreciation for assistance and co-operation
received from the Government Authorities and Shareholders during the year under review.
|
For and on behalf of the Board |
| Date : 21/08/2014 |
Oarshan Mehta |
| Place: Ahmedabad |
Executive Director |
ANNEXURE TO THE DIRECTORS REPORT
Particulars of conservation of energy, technology absorption and foreign exchange
earnings and outgo In terms of section 217(1)(e) of the Companies Act, 1956 read
with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules,
1988. A. CONSERVATION OF ENERGY:
(a) Energy Conservation measures taken
The conservation of energy resource is an ongoing process at the plant and the Company
is constantly striving to improve the performance so as to reduce energy consumption.
Consistent monitoring of the data of energy consumption at various locations helps in
controlling the power consumption thereby optimizing the energy consumption. The Company
controls its energy consumption through monitoring power consumption and as part of
continuous efforts for conservation of energy, several measures were taken such as: (i)
re-utilization of condensate steam (ii) reduction in power consumption through improved
process control and (iii) use of energy efficient equipments.
(b) Additional investments and proposals, if any, being implemented for reduction of
consumption of energy
A study has been conducted across the entire factory to identify the areas having a
scope of energy saving. A specific task force team has been formed to identify areas for
saving in the steam and power cost. Help of external experts has also been taken to
identify areas and ways of reducing cost of energy. Specific studies have been undertaken
and measures suggested for optimizing utilization of energy, improving steam condensate
recovery, improving power factor for ultimate reduction in cost of steam and electricity.
(c) Impact of measures taken at (a) and (b) above for reduction of energy consumption
and consequent impact on the cost of production of goods
The adoption of energy conservation measures has resulted in more efficient utilization
of steam as well as power.
(d) Total energy consumption per unit of Production
FORM A
I. POWER CONSUMPTION:
| Particulars |
2013-14 |
2012-13 |
| ELECTRICITY: Purchased |
|
|
| Unit 000 KWH |
1078.10 |
1080.63 |
| Total Amount (Rs. in Lacs) |
77.45 |
72.05 |
| Rate per unit |
7.18 |
6.67 |
II. CONSUMPTION PER M.T. OF PRODUCTION
| Particulars |
ELECTRICITY |
STEAM |
|
Current Year |
Current Year |
|
STD |
KWH |
STD |
M.T. |
| Drugs & Pharmaceuticals |
— |
1062.68 |
— |
9.99 |
|
|
(840) |
|
(9.20) |
| Products of Fermentation Ind. |
— |
23.09 |
— |
0.11 |
|
|
(30.00) |
|
(0.14) |
NOTE: Figures in brackets relates to previous year.
B. TECHNOLOGY ABSORPTION
FORM B
RESEARCH AND DEVELOPMENT, TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATIONS:
Through continuous interaction with Research & Development center, efforts are made
towards technology absorption, adoption and innovation. The thrust areas have been the
improvement of quality of all the products, increase in productivity through cost
effective programs and development of related products for various end uses.
C. FOREIGN EXCHANGE EARNINGS AND OUTGO
(Rs. In Lacs)
| Particulars |
Year Ended |
|
March 31st , 2014 |
March 31st , 2013 |
| Foreign Exchange Earnings: |
|
|
| FOB Value of Exports |
397.52 |
26.37 |
| Foreign Exchange Outgo: |
|
|
| CIF Value of Imports |
1217.30 |
1161.94 |
| Legal & Professional Expenses |
39.67 |
40.36 |
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