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Directors Report of Sinnar Bidi Udyog Ltd.

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting their Fortieth Annual Report alongwith the audited statement of accounts for the year ended 31st March, 2014.

Financial Results 2013-14 2012-13 (Rs. Lacs) (Rs. Lacs)

Profit/(Loss) Before Tax 40.29 51.40

Less : Provision for Current Tax 19.00 17.00

Provision for Deferred Tax (2.58) 1.59

Prior Period Adjustment Taxation (5.20) 3.35

Profit/(Loss) after Tax 29.07 29.46

Add : Balance from Previous year 171.04 141.58

Balance Carried to Balance Sheet 200.11 171.04

Business Operations

During the financial year ended 31st March, 2014 the sales turnover from Tendu Leaves trading was Rs. 482.23 lacs and Tobacco Rs. 690.81 lacs. Last year turnover from Tendu Leaves trading was Rs. 333.91 lacs and Tobacco Rs. 697.79 lacs. The major activity carried on by the Company was trading tendu leaves, Tobacco trading and processing of Tobacco during the year 2013-14. In the financial year 2014-15, the Company would concentrate more on processing and trading of Tobacco.

Dividend

The Directors do not recommend any dividend, with a view to retain the profits for further growth of the Company.

Energy, Technology And Foreign Exchange

The information required to be furnished under the Companies (Disclosure of Particulars in the Report of the Board of the Directors) Rules,1988.

The activities of the Company are carried on with the aid of human labour. The manufacturing process does not require power (electrical energy) and offers no scope for absorption of technology.

Public Fixed Deposits :

The total amount of Public Fixed Deposits, accepted without invitation, stood at Rs. 82,01,000/- as at 31st March, 2014.

Personnel

The employer employee relations continued to be cordial during the year. None of the employees received emoluments exceeding the limits set out under section 217 (2A) of the Companies Act,1956.

Directors

Shri. N.L.Patil and Shri.S.P.Patil , Directors, retire by rotation and being eligible , offer themselves for reappointment.

During the year , Mr. D.P.Devhad, Director has tendered his resignation. The Board places on record its appreciation for services rendered by him during his tenure.

Mr. L.M.Karwa was appointed as an additional director on 27th September 2013. He holds office till the ensuing Annual General Meeting. It is proposed to appoint him as a director of the Company , pursuant to the a notice received from him in terms of section 160 of the Companies Act, 2013.

Directors'' Responsibility Statement

As stipulated in Section 217(2AA) of The Companies Act, 1956, your directors subscribe to the ''Directors Responsibility Statement and confirm that

i) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii) appropriate accounting policies have been selected and applied consistently and judgments and estimates made 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 the profit of the company for the year ended 31st March,2014;

iii) proper and sufficient care have been taken for the 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; and

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

Compliance Certificate From Practicing Company Secretary:

Certificate obtained from M/s.J.H.Ranade & Associates,Company Secretaries,Thane under section 383A of the Companies Act, 1956 is attached to the Directors'' Report.

Report on Corporate Governance:

The report on Corporate Governance and the Compliance Certificate provided by M/s J. H. Ranade & Associates, Company Secrataies is attached to the Directors'' Report. In tems of the listing agreement, the board has laid down a code of conduct for all board members. All the board members and senior management personnel have affirmed compliance with the code.

Auditors

Mr.S.D.Bedmutha, Chartered Accountant, Nashik retires at the forthcoming Annual General Meeting and has furnished a certificate of his eligibility for appointment under Section 139 (1) of the Companies Act,2013. The Board recommends appointment of the Auditor.

Acknowledgments

Your Directors take opportunity to place on record their appreciation of the devoted services of the employees at all levels throughout the year. Your Directors also wish to place on record their appreciation of the assistance and continued co-operation extended by the various Government and non-Government Authorities.

For and on Behalf of The Board of Directors,

Place : Nashik M.D.Deshpande C.B.Patil Date : 2nd August, 2014 Director Executive Director


Mar 31, 2013

Gentlemen,

The Directors have pleasure in presenting their Thirty-Nineth Annual Report along with the audited statement of accounts for the year ended 31st March, 2013.

Financial Results 2012-13 2011-12 (Rs. Lacs) (Rs. Lacs)

Profit/(Loss) Before Tax 51.40 185.39

Less : Provision for Current Tax 17.00 55.25

Provision for Deferred Tax 1.59 0.19

Prior Period Adjustment Taxation 3.35 Nil

Profit/(Loss) after Tax 29.46 129.95

Add : Balance from Previous year 141.59 11.64

Balance Carried to Balance Sheet 171.05 141.59

Business Operations

During the financial year ended 31st March, 2013 the sales turnover from Tendu Leaves trading was Rs.333.91 lacs. Last year the Company had planned to enter into the segment of tobacco and Company has implemented the same. The major activity of the Company was trading tendu leaves, Tobacco and processing of Tobacco during the year 2012-13. Now the Company is planning to continue the same.

Dividend

The Directors do not recommend any dividend, with a view to retain the profits for further growth of the Company.

Energy, Technology And Foreign Exchange

The information required to be furnished under the Companies (Disclosure of Particulars in the Report of the Board of the Directors) Rules,1988.

The activities of the Company are carried on with the aid of human labour. The manufacturing process does not require power (electrical energy) and offers no scope for absorption of technology.

Public Fixed Deposits :

The total amount of Public Fixed Deposits, accepted without invitation, stood at Rs. 82,01,000/- as at 31st March, 2013.

Personnel

The employer employee relations continued to be cordial during the year. None of the employees received emoluments exceeding the limits set out under section 217 (2A) of the Companies Act,1956.

Directors

Shri. D.P. Devhad and Shri.M D Deshpande , Directors, retire by rotation and being eligible , offer themselves for reappointment.

During the year , Mr. S.P. Baheti, Director has tendered his resignation. The Board places on record its appreciation for services rendered by him during his tenure.

Mr. S.P.Patil was appointed as an additional director on 1st April 2013. He holds office till the ensuing Annual General Meeting. It is proposed to appoint him as a director of the Company , pursuant to the a notice received from shareholder in terms of section 257 of the Act.

Directors'' Responsibility Statement

As stipulated in Section 217(2AA) of The Companies Act, 1956, your directors subscribe to the ''Directors Responsibility Statement and confirm that

i) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii) appropriate accounting policies have been selected and applied consistently and judgments and estimates made 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, 2013 and the profit of the company for the year ended 31st March,2013;

iii) proper and sufficient care have been taken for the 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; and

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

Report on Corporate Governance:

The report on Corporate Governance and the Compliance Certificate provided by M/s J. H. Ranade & Associates, Company Secretaries is attached to the Directors'' Report.

Items of the listing agreement, the board has laid down a code of conduct for all board members. All the board members and senior management personnel have affirmed compliance with the code.

Auditors

Mr.Anand S Daga, Chartered Accountant, Nashik , the Statutory Auditor of the Company retiring at the conclusion of this Annual General Meeting has expressed his unwillingness to be re-appointed as the Statutory Auditor of the Company. In view of the same, it is proposed to appoint Mr. S.D. Bedmutha, Chartered Accountant as the Statutory Auditors of the Company. The Company has received confirmation from Mr. S.D.Bedmutha , Chartered Accountants , to the effect that his appointment, if made, would be within the prescribed limits under Section 224 (1B) of the Companies Act, 1956.

Acknowledgments

Your Directors take the opportunity to place on record their appreciation for the devoted services of the employees at all levels throughout the year. Your Directors also wish to place on record their appreciation for the assistance and continued co-operation extended by the various Government and non-Government Authorities.

For and on Behalf of The Board of Directors,

S/d S/d

Place : Nashik M.D.Deshpande C.B.Patil

Date : 3rd June, 2013 Director Executive Director


Mar 31, 2012

The Directors have pleasure in presenting their Thirty-Eighth Annual Report alongwith the audited statement of accounts forthe year ended 31st March, 2012.

Financial Results 2011-12 2010-11 (Rs.Lacs) (Rs.Lacs)

Profit/(Loss) Before Tax 185.39 36.92

Less: Provision for Current Tax 55.25 6.50

Provision for Deferred Tax 0.19 1.66

Prior Period Adjustment Taxation Nil (0.31)

Profit/(Loss) after Tax 129.95 29.07

Add: Balance from Previous year 11.64 (17.43)

Balance Carried to Balance Sheet 141.59 11.64

Business Operations

During the financial year ended 31 st March, 2012 the sales turnover from Tendu Leaves trading was Rs.85.54 lacs. Last year the Company had planned on purchase Tendu Leaves from Chattisgarh Federation, Madhya Pradesh for the purpose of trading and the Company has implemented the same. The major activity of the Company was trading tendu leaves and processing of Tobacco during the year 2011 -12. Now the Company is planning to enter into the segment of trading of tabacco.

Dividend

The Directors do not recommend any dividend, with a view to retain the profits for further growth of the Company.

Energy, Technology And Foreign Exchange

The information required to be furnished under the Companies (Disclosure of Particulars in the Report of the Board of the Directors) Rules, 1988.

The activities of the Company are carried on with the aid of human labour. The manufacturing process does not require power (electrical energy) and offers no scope for absorption of technology.

Public Fixed Deposits:

The Company has not accepted or renewed any Public Fixed Deposits during the financial year ended 31 st March,2012.

Personnel

The employer employee relations continued to be cordial during the year. None of the employees received emoluments exceeding the limits set out under section 217 (2A) of the Companies Act,1956.

Directors

Shri. C.B.Patil and Shri.B.S.Pawar, Directors, retire by rotation and being eligible, offer themselves for reappointment.

Directors' Responsibility Statement

As stipulated in Section 217(2AA) of The Companies Act, 1956, your directors subscribe to the 'Directors Responsibility Statement and confirm that

i) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii) appropriate accounting policies have been selected and applied consistently and judgments and estimates made 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, 2012 and the profit of the company forthe year ended 31stMarch,2012;

iii) proper and sufficient care have been taken for the 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; and

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

Compliance Certificate From Practicing Company Secretary:

Certificate obtained from M/s.J.H.Ranade & Associates,Company Secretaries,Thane under section 383Aofthe CompaniesAct, 1956 is attached to the Directors'Report.

Report on Corporate Governance:

The report on Corporate Governance and the Compliance Certificate provided by M/s J. H. Ranade & Associates, Company Secretaries is attached to the Directors' Report.

In terms of the listing agreement, the board has laid down a code of conduct for all board members. All the board members and senior management personnel have affirmed compliance with the code.

Auditors

Mr.AnandS Daga, Chartered Accountant, Nashik retires at the forthcoming Annual General Meeting and has furnished a certificate of his eligibility for appointment under Section 224 (1) of the Companies Act, 1956. The Board recommends appointment of theAuditor.

Acknowledgments

Your Directors take opportunity to place on record their appreciation of the devoted services of the employees at all levels throughout the year. Your Directors also wish to place.on record their appreciation of the assistance and continued co-operation extended by the various Government and non-Governrnent Authorities.

For and on Behalf of The Board of Directors,

Place: Nashik M.D.Deshpande C.B.Patil Date: 30th May, 2012 Director Executive Director


Mar 31, 2011

Gentlemen,

The Directors have pleasure in presenting their Thirty-Seventh Annual Report alongwith the audited statement of accounts forthe year ended 31st March, 2011.

Financial Results 2010-11 2009-10

(Rs. Lacs) (Rs. Lacs)

Profit/(Loss) Before Tax 36.92 39.53

Less: Provision for Current Tax 6.50 6.00

Provision for Deferred Tax 1.66 12.39

Prior Period Adjustment Taxation (0.31) 0.01

Profit/(Loss) after Tax 29.07 21.13

Add: Balance from Previous year (17.43) (38.56)

Balance Carried to Balance Sheet 11-64 (17.43)

Business Operations

During the financial year ended 31st March, 2011 the sales turnover from tobacco trading was Rs.325 lacs as against Rs.279 lacs in the previous year. The Company has also continued the activity of processing of tobacco. The Company is planning to Purchase Tendu Leaves for the purpose of trading.

Dividend

The Directors regret their inability to recommend dividend due to inadequacy of Profit Energy, Technology And Foreign Exchange The information required to be furnished under the Companies (Disclosure of Particulars in the Report of the Board of the Directors) Rules, 1988.

The activities of the Company are carried on with the aid of human labour. The manufacturing process does not require power (electrical energy) and offers no scope for absorption of technology.

Public Fixed Deposits:

The Company has not accepted or renewed any Public Fixed Deposits during the financial year ended 31 st March,2011.

Personnel

The employer employee relations continued to be cordial during the year. None of the employees received emoluments exceeding the limits set out under section 217 (2A) of the Companies Act, 1956.

Directors

Shri. M.D.Deshpande and Shri.N.L.Patil, Directors, retire by rotation and being eligible, offer themselves for reappointment.

Shri. V.S.Maydev , Executive Director tendered his resignation on 31.03.2011. The Board places on record its sincere appreciation for the services rendered by him during his tenure as a Executive Director.

Directors' Responsibility Statement

As stipulated in Section 217(2AA) of The Companies Act, 1956, your directors subscribe to the 'Directors Responsibility Statement' and confirm that

i) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii) appropriate accounting policies have been selected and applied consistently and judgments and estimates made 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, 2011 and the profit of the company for the year ended 31 s,March,2011;

iii) proper and sufficient care have been taken for the 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; and

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

Compliance Certificate From Practicing Company Secretary:

Certificate obtained from M/s. J. H. Ranade & Associates,Company Secretaries.Thane under section 383Aof the Companies Act, 1956 is attached to the Directors' Report.

Report on Corporat Governance:

The report on Corporate Governance and the Compliance Certificate provided by M/s J. H. Ranade & Associates, Company Secrataies is attached to the Directors' Report.

In terns of the listing agreeemnt, the board has laid down a code of conduct for all board membes. All the board members and senior management personnel have affirmed compliance with the code

Auditors

Mr.Anand S Daga, Chartered Accountant, Nashik retires at the forthcoming Annual General Meeting and has furnished a certificate of his eligibility for appointment under Section 224 (1) of the Companies Act, 1956. The Board recommends appointment of the Auditor.

Acknowledgments

Your Directors take opportunity to place on record their appreciation of the devoted services of the employees at all levels throughout the year. Your Directors also wish to place on record their appreciation of the assistance and continued co-operation extended by the various Government and non- Government Authorities.

For and on Behalf of The Board of Directors,

Place: Nashik M.D.Deshpande N.L.Patil

Date : 27th May, 2011 Director Director


Mar 31, 2010

The Directors have pleasure in presentir their -Six- Annual Report along with the audited statement of accounts fort he year ended 31 st March, 2010.

Financial Results 2009-10 2008-09

(Rs. Lacs) (Rs. Lacs)

Profitless) Before Tax 39.53 (37.82)

Less : Provision for Current Tax 6.00 Nil

Provision for Deferred Tax 12.39 (4.62)

Fringe Benefit Tax Nil 0.11

Prior Period Adjustment Taxation 0.01 (0.29)

Profit/ (Loss) after Tax 21.13 (33.02)

Add : Balancefrom Previous year (38.56) (5.54)

Balance Carried to Balance Sheet (17.43) (38.56)



Business Operations

During the financial year ended 31 st March, 2010 the sales turnover from tobacco trading was Rs.279 iacs as against Rs.38.88 lacs in the previous year. the Company has also continuedthe activity of processing of tobacco.

Dividend

The Directors regret their inability to dividend due to absence of Profit.

Energy, Technology And Foreign Exchange

The information required to be furnished under

The Companies (Disclosure of Particulars in the Report of the Board of the Directors) Rules,1988.

The activities of the Company are carried on with the aid of human labour. the manufacturing process does not require power (electrical energy) and offers no scope for absorption of technology.

Public Fixed Deposits:

The total amount of Public Fixed Deposits, accepted with out invitation, stooc at Rs. 15 Lacs as at 31 st March,2010.

Personnel

The employer employee relations continued to be cordial duringthe year. None of the employees received emoluments exceedingthe limits set out under section 217 (2A) of the Companies Act,1956.

Directors

Shri. D.P. Devhad, and Shn.S.P. Baheti Directors, retire by rotation and being eligible, offer themselves for reappointment.

Directors Responsibility Statement

As stipulated in Section 217(2AA) of the Companies Act, 1956, your directors subscribe to the Directors Responsibility Statement and confirm that

i) in the preparation of the annual accounts,the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii) appropriate accounting policies have been selected and applied consistently and judgments and estimates made 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, 2010 and the profit cfthe company for the year ended 31st March,201G;

iii) proper and sufficient care have been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act,1956for safeguardingthe assets of the Company and for preventing and detecting fraud and other irregularities; and

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

Compliance Certificate From Practicing Company Secretary:

Certificate obtained from M/s.J.H.Ranado & Associates.Company Secretaries, Thane under section 383A of the Companies Act, 1956 is attached to the Directors Report.

Report on Corporate Governance:

The report on Corporate Governance and the Compliance Certificate provided by M/s J. H. Ranade & Associates, Company Secretaries is attached to the Directors Report. In terms of the listing agreement,the board has laid down a code of conduct for all board members. All the board members and senior management personnel have affirmed compliance with the code

Auditors

Mr.Anand S Daga, Chartered Accountant, Nashik retires at the for-coming Annual General Meeting and has furnished a certificate of his eligibility for appointment under Section 224 (1) of the Companies Act,1956.the Board recommends appointment of the Auditor.

Acknowledgments

Your Directors take opportunity to place on record their appreciation of the devoted services of the employees at all levels throughout the year. Your Directors also wish to place on record their appreciation of the assistance and continued co- operation extended by the various Government and non-Government Authorities.



For and on Behalf of the Board of Directors,

Place : Nashik V.S.Maydeo M.D.Deshpande

Date: 29- May, 2010 Executive Director Director

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