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Notes to Accounts of Coromandel Agro Products and Oils Ltd.

Mar 31, 2015

1. Segment Wise Information:

The company has identified two reportable segments viz. Seed Processing and Wind Turbine. Segments have been identified and reported taking into account the nature of products and services, the differing risks and returns and the internal business reporting system. The accounting policies adopted for segment reporting are in line with the accounting policies of the company.

2. There are no Micro, Small and Medium Enterprises, to whom the Company owes. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have identified on the basis of information available with the Company.

E-Voting instructions

Pursuant to the Provisions of Section 108 of the Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014, the Company is pleased to offer e-voting facility to the members to cast their votes electronically on all resolutions set forth in the Notice convening the 39th Annual General Meeting to be held on Friday, 14th August, 2015, at 10.30 AM. The Company has engaged the services of Central Depository Services Limited (CDSL) to provide the E-Voting facility.

The instructions for shareholders voting electronically are as under:

The E-Voting Sequence Number and period of E-Voting are set out below: EVSN(E-VOTING SEQUENCE NUMBER) : 150720005 COMMENCEMENT OF E-VOTING : 11th August, 2015 at 09.00 A.M

END OF E-VOTING : 13th August, 2015 at 05.00 P.M

STEPS & INSTRUCTIONS FOR E-VOTING:

The instructions for shareholders voting electronically are as under:

(i) The voting period begins on 11th August, 2015 at 09.00 A.M and ends on 13th August, 2015 at 05.00 P.M. During this period, shareholders' of the Company, holding shares either in physical form or in dematerialized form as on the cut-off date (record date) of 10th August, 2015, may cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter.

(ii) The shareholders should log on to the e-voting website www.evotingindia.com.

(iii) Click on Shareholders.

(iv) Now Enter your User ID

a. For CDSL: 16 digits beneficiary ID,

b. Members holding shares in Physical Form should enter Folio Number registered with the Company.

(v) Next enter the Image Verification as displayed and Click on Login.

(vi) If you are holding shares in demat form and had logged on to www.evotingindia.com and voted on an earlier voting of any company, then your existing password is to be used.

(vii) If you are a first time user follow the steps given below:

For Members holding shares in Demat Form and Physical Form PAN Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department (Applicable for both demat shareholders as well as physical shareholders)

* Members who have not updated their PAN with the Company/ Depository Participant are requested to use the first two letters of their name and the 8 digits of the sequence number in the PAN field.

* In case the sequence number is less than 8 digits enter the applicable number of 0's before the number after the first two characters of the name in CAPITAL letters. Eg. If your name is Ramesh Kumar with sequence number 1 then enter RA00000001 in the PAN field.

DOB Enter the Date of Birth as recorded in your demat account or in the company records for the said demat account or folio in dd/mm/yyyy format.

Dividend Enter the Dividend Bank Details as recorded in your demat Bank account or in the company records for the said demat account Details or folio. * Please enter the DOB or Dividend Bank Details in order to login. If the details are not recorded with the depository or company please enter the member id / folio number in the Dividend Bank details field as mentioned in instruction (iv).

(viii) After entering these details appropriately, click on "SUBMIT" tab.

(ix) Members holding shares in physical form will then directly reach the Company selection screen. However, members holding shares in demat form will now reach ‘Password Creation' menu wherein they are required to mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.

(x) For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained in this Notice.

(xi) Click on the EVSN for the relevant on which you choose to vote.

(xii) On the voting page, you will see "RESOLUTION DESCRIPTION" and against the same the option "YES/NO" for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO implies that you dissent to the Resolution.

(xiii) Click on the "RESOLUTIONS FILE LINK" if you wish to view the entire Resolution details.

(xiv) After selecting the resolution you have decided to vote on, click on "SUBMIT". A confirmation box will be displayed. If you wish to confirm your vote, click on "OK", else to change your vote, click on "CANCEL" and accordingly modify your vote.

(xv) Once you "CONFIRM" your vote on the resolution, you will not be allowed to modify your vote.

(xvi) You can also take out print of the voting done by you by clicking on "Click here to print" option on the Voting page.

(xvii) If Demat account holder has forgotten the same password then Enter the User ID and the image verification code and click on Forgot Password & enter the details as prompted by the system.

(xviii) Note for Non - Individual Shareholders and Custodians

* Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodian are required to log on to www.evotingindia.com and register themselves as Corporates.

* A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to helpdesk.evoting@cdslindia.com.

* After receiving the login details a compliance user should be created using the admin login and password. The Compliance user would be able to link the account(s) for which they wish to vote on.

* The list of accounts should be mailed to helpdesk.evoting@cdslindia.com and on approval of the accounts they would be able to cast their vote.

* A scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.

(xix) In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions ("FAQs") and e-voting manual available at www.evotingindia.com, under help section or write an email to helpdesk.evoting@cdslindia.com.


Mar 31, 2014

1. In the Opinion of the management there is no indication that

any of the assets of the company has been impaired. Accordingly no loss on account of impairment has been recognized during the year in terms of Accounting Standard 28- Impairment of assets.

2. CURRENT ASSETS, LOANS & ADVANCES :

The Board is of the opinion that the Current Assets, Loans and Advances have a value on realization in the ordinary course of Business at least to the amount at which they are stated.

3. RELATED PARTIES DISCLOSURES :

List of related parties with whom transactions have taken place during the year :

i) Subsidiaries : Nil

ii) Associates :

a) Maddi Lakshmaiah & Co. Ltd.

b) M.L.Agro Products Ltd.

c) M.L.Exports

d) K.S.Subbiah Pillai & Co. (India) Ltd.

iii) Key Managerial Personnel :

a) Sri. M.Venkateswara Rao -- Managing Director

b) Sri. M.Lakshmaiah -- Chairman

c) Sri. M.Ramesh -- ExcutiveDirector

4. Segment Wise Information:

The company has identified two reportable segments viz. Seed Processing and Wind Turbine. Segments have been identified and reported taking into account the nature of products and services, the differing risks and returns and the internal business reporting system. The accounting policies adopted for segment reporting are in line with the accounting policies of the company.

5. There are no Micro, Small and Medium Enterprises, to whom the Company owes. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have identified on the basis of information available with the Company.

B) Travelling expenses include Rs.49,305/- paid to Managing Director (Previous Year Rs.56,895/-) and Rs.30,450/- paid to other Directors (Previous year Rs. 33,300/-).

6. Previous year figures have been regrouped wherever necessary to compare with current year figures.


Mar 31, 2013

1. CURRENT ASSETS, LOANS & ADVANCES :

The Board is of the opinion that the Current Assets, Loans and Advances have a value on realization in the ordinary course of Business at least to the amount at which they are stated.

2. RELATED PARTIES DISCLOSURES :

List of related parties with whom transactions have taken place during the year:

i) Subsidiaries: Nil

ii) Associates:

a) Maddi Lakshmaiah & Co. Ltd.

b) M.L.Agro Products Ltd.

c) M.L. Exports

d) K.S.Subbiah Pillai & Co. (India) Ltd.

iii) Key Managerial Personnel :

a) Sri. M.Venkateswara Rao - Managing Director

b) Sri. M.Lakshmaiah -- Director

c) Sri. M.Ramesh -- Director

3. Segment Wise Information:

The company has identified two reportable segments viz. Seed Processing and Wind Turbine. Segments have been identified and reported taking into account the nature of products and services, the differing risks and returns and the internal business reporting system. The accounting policies adopted for segment reporting are in line with the accounting policies of die company.

4. There are no Micro, Small and Medium Enterprises, to whom the Company owes. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have identified on the basis of information available with the Company.


Mar 31, 2010

1. SECURED LOANS :

a) Working Capital Limits sanctioned by Canara Bank are secured by Hypothecation of Raw Materials. Consumable Stores, Finished Goods, Book Debts and are also secured by a first charge on the fixed assets of the Company. The secured loans from Canara Bank are further guaranteed by Sri M. Venkateswara Rao, Managing Director, Sri M. Lakshmaiah, Promoter Director and Sri M.Ramesh, Director in their personal capacities.

b) The Term Loan from Canara Bank is secured by first charge on the entire Fixed Assets of the company, both the existing and the proposed to be acquired. It is further secured by way of personal guarantees of Sri M. Venkateswara Rao, Managing Director, Sri M. Lakshmaiah, Promoter Director and Sri M.Ramesh, Director in their individual capacities.

1A. UNSECURED LOANS :

Short-term Loan from ICICI Bank is guaranteed by Maddi Lakshmaiah & Co.,Ltd., K.S. Subbiah Pillai & Co., Ltd., and M.L Information & Technology Parks Pvt., Ltd., and is further guaranteed by way of personal guarantees by Sri M. Venkateswara Rao, Managing Director, Sri M. Lakshmaiah, Director and Sri M. Raraesh, Director in their individual capacities.

2. In the Opinion of the management there is no indication thai any of the assets of the company has been impaired. Accordingly no loss on account of impairment has been recognized during the year in terms of Accounting Standard 28- Impairment of assets.

3. CURRENT ASSETS, LOANS & ADVANCES :

The Board is of the opinion that the Current Assets, Loans and Advances have a value on realization in the ordinary course of Business at least to the amount at which they arc stated.

4. RELATED PARTY DISCLOSURES :

List of related parties with whom transactions have taken place during the year :

i) Subsidiaries: Nil

ii) Associates:

a) Maddi Lakshmaiah & Co. Ltd.

b) M.L.Agro Products Ltd.

c) K.S.Subbiah Pillai & Co. (India) Ltd.

iii) Key Managerial Personnel:

a) Sri, M.Venkateswara Rao - Managing Director

b) Sri. M.Lakshmaiah - Director

c) Sri. M.Ramesh - Director

5. There are no Micro, Small and Medium Enterpriscs, to whom the Company owes. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have identified on the basis of information available with the Company.

 
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