Travancore Rubbers Ltd Directors Report.

REPORT OF THE DIRECTORS

Your Directors have pleasure to present the 77th Report of the Company for the year ended 31st March 2014.

AREA:- The area of the Company as on 31st March 2014.

Hec.
RUBBER - MATURE 181.2519
RUBBER - IMMATURE Replanting 2009 27.0400
RUBBER - IMMATURE Replanting 2010 39.8200
RUBBER - Trees for Replanting 16.8300
264.9419
Buildings, Roads etc. 24.1700
TOTAL 289.1119

CROP:- The crop harvested for the year 2013-2014 is 1,39,296.90 Kgs. of dry rubber and 89,329.00 Kgs. of wet rubber.

ACCOUNTS:- After providing for depreciation of Rs. 20,85,447.87 the working of the period has resulted in a net profit of Rs. 83,12,654.38. The sales revenue totalled Rs. 323,97,567.00

Brought forward balance Rs. 24,63,711.58
Net profit for the year. Rs. 83,12,654.38
- Rs. 107,76,365.96
Tax provided for Rs. 25,00,000.00
Total available for appropriation Rs. 82,76,365.96
Transfer to Development Reserve 20,00,000.00
Transfer to General Reserve 10,00,000.00
Tax on proposed Dividend 50,985.00
Rs. 30,50,985.00
Rs. 52,25,380.96
For the year ended 31st March 2014, your Directors recommended a Dividend of 50% on Equity Shares. Rs. 3,00,000.00
Balance to be carried forward Rs. 49,25,380.96

Directors Responsibility Statement as per Sec.217 (2AA) of the Companies Act. 1956

i) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

ii) the Directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March 2014 and of the profit of the Company for that period;

iii) the Directors had 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 the Company and for preventing and detecting fraud and other irregularities to the best of the knowledge and ability of the Directors;

iv) the Directors had prepared the annual accounts on a going concern basis.

DIRECTORS:-

Sri.K.N.Subramanian and Sri. Kurian Abraham retire by rotation and being eligible they offer themselves for re-election.

This is a Plantation Company deriving income from rubber. So there is no question of any manufacturing process. So there is no disclosure to be made under the head. Technology Absorption:-

As this is a Plantation Company deriving income from agricultural produce, this clause is not applicable.

Foreign Exchange earnings and outgo:-

There were no foreign exchange earnings and outgo by the Company during the year under report.

Particulars of employees information as per Sec.217 (2-A) of the Companies Act read with the Companies (Particulars of Employees) Rules, 1975:-

There are no employees covered by the above provision.

AUDITORS:-

Your Companys Auditors M/s Cheriyan & Cheriyan, Chartered Accountants, Kottayam (Firm Reg.No.000624S) retire at the ensuing AGM and, being eligible, have offered themselves for re-appointment. The Board has recommended the re-appointment of M/s.Cheriyan & Cheriyan, Chartered Accountants, for a period of five years in accordance with Section 139 of the Companies Act,2013. Appropriate resolution seeking your aprroval to the said re-appointment is appearing in the notice convening the 77th AGM of the Company.

On behalf of the Board of Directors,
Sd/-
Kottayam RA. Eapen
16.08.2014 Chairman & Managing Director