AFFLUENCE

The energy consumed in the production process is negligible and does not offer scope for any significant conservation of energy.

TOTAL FOREIGN EXCHANGE USED AND EARNED: Foreign Exchange used : Nil Foreign Exchange earned : Nil

DIRECTOR’S REPORT

TO, 

THE SHAREHOLDERS

Your Directors hereby present the Thirty Sixth Annual Report on the business of the Company, together with the Audited Statements of Accounts for the Financial year ended on  31st  July, 2014.

1.       FINANCIAL    HIGHLIGHTS  :                                                            

2.   CURRENT   YEAR’S   & FUTURE REVIEW

The Company operated at a low level and is making a revival plan for rehabilitating the  Company.

3.    DIVIDEND   :

       No Dividend is recommended by the Board of Directors for the year 2014-2015.

4.    DIRECTORS:

       Shri Nilesh M Sawant is retiring by rotation and offers himself for re-appointment.       

5.    ENVIRONMENT :

The Company is environment friendly as the Company’s Products are organic and free from Toxic-residues and based on Natural substances and no pollution is caused to the environment.

Production Center: There is no Pollution from the Factories of the Company and the environment is kept clean.

Farm Sources: Since the company is encouraging pesticide-free farming, it is helping in Keeping the environment clean on the farms.

6.    DIRECTOR’S RESPONSIBILITY STATEMENT:

Statement under sub-section (2AA) of section 217 of the Companies Act, 1956:

In the preparation of the Annual Accounts:

i)                    The applicable accounting standards have been followed and wherever required, proper explanations relating to the material departures have been given.

ii)                  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 the Company at the end of the financial year and of the profit or loss of the Company for the period.

iii)                Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv)                The accounts have been prepared on a going concern basis.

7.    PUBLIC DEPOSITS:

       The Company  has not  invited  nor renewed any Public Deposits.

8.   STAFF AND LABOUR :

Your Directors are pleased to record appreciation of Team work and efforts put by the         employees of the Company at all levels. There are no employees of the Company drawing  Rs. 25000/- or  more per month at any time during the year.

9.  AUDITORS :

The Auditors are to be appointed from the date of this Annual General Meeting till the  conclusion of the next Annual General Meeting and their Remuneration is to be fixed. The retiring Auditors M/S. BATLIBOI & PUROHIT, CHARTERED ACCOUNTS, Mumbai are eligible for re-appointment.

10.CONSERVATION OF ENERGY AND FOREIGN EXCHANGE EARNINGS 

AND OUTGO  :

The energy consumed in the production process is negligible and does not offer scope for any significant conservation of energy.

      TOTAL FOREIGN EXCHANGE USED AND EARNED:

  Foreign Exchange used                  : Nil

  Foreign Exchange earned               : Nil

11.  RESEARCH AND DEVELOPMENT:

       No research has been conducted this year.

12.  MATERIAL CHANGES   AND COMMITMENTS:

      There   were no material changes and commitments during the year.

13. Change of Accounting Year: 

       The next financial year of the Company will be from August 1, 2014 to 31st March

       2015. The Director have Resolved that pursuant to the provisions of Section 2 (41)    

       and other applicable provisions of the Companies Act, 2013, the current financial

       year of the company from August 1, 2014 to July 31, 2015 be and is hereby reduced

       by four months to end on March 31, 2015.

                                                     FOR AND ON BEHALF OF THE BOARD

                                                                                                            Sd/-                                                                                                                      

Place: Mumbai                                                            DILIP. S. DAHANUKAR Date:  10/12/2014                                                                   (Chairman)

DIRECTOR’S RESPONSIBILITY STATEMENT: Statement under sub-section (2AA) of section 217 of the Companies Act, 1956: In the preparation of the Annual Accounts: i) The applicable accounting standards have been followed and wherever required, proper explanations relating to the material departures have been given. ii) 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 the Company at the end of the financial year and of the profit or loss of the Company for the period. iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. iv) The accounts have been prepared on a going concern basis.

DIVIDEND : No Dividend is recommended by the Board of Directors for the year 2014-2015.

STAFF AND LABOUR : Your Directors are pleased to record appreciation of Team work and efforts put by the employees of the Company at all levels. There are no employees of the Company drawing Rs. 25000/- or more per month at any time during the year.