Home  »  Company  »  Super Crop Safe  »  Quotes  »  Directors Report
Enter the first few characters of Company and click 'Go'

Directors Report of Super Crop Safe Ltd.

Mar 31, 2016

The Members,

The Directors are pleased to present the 29th Annual Report together with the audited accounts of the Company for the year ended on 31st March, 2016. The summarized financial results for the year ended 31st March, 2016 are as under:

Financial Results: (Amount Rs. In Thousand)

Particulars

Financial Year

Financial Year

2015-16

2014-15

Profit / (Loss) before Depreciation

19,877

11,266

Less: Depreciation

5,131

6,114

Profit / (Loss) before Taxation

14,746

5,152

Less: Deferred Tax

(264)

(366)

Less: Current Tax

2,986

1,592

Net Profit / (Loss) after Depreciation & Tax

12,023

3,925

General Reserve

7,355

161

Dividend on equity shares

3,878

2,850

Tax on Dividend

790

570

Operations:

During the year under report, the Company continued to reach the new heights in sales and profit as well. Sales of the Company have increased to Rs. 7,21,722/- thousand (Previous Year Rs. 6,32,860/- thousand) which shows encouraging growth in total revenue and speaks about the efficient working of the Company.

The Company has started Bio Division and introduced two new products under this division, which are commercially launched during the year.

Total Income from Operations increased from Rs. 6,32,860 thousand to Rs. 7,21,722 thousand in FY 2015-16 increased by 14.04%

EBDIT increased from Rs. 20,092 thousand to Rs. 30,594 thousand in FY 2015-16 increased by 52.27%.

PBT increase from Rs. 5,152 thousand to Rs. 14,746 thousand in FY 2015-16 increased by 186.22%.

PAT increase from Rs. 3,925 thousand to Rs. 12,023 thousand in FY 2015-16 increased by 206.32%.

Members are aware that changes were introduced by your directors in marketing strategy a few years back and since then performance of the Company is improving, which have resulted in strengthening the financial position of the Company. The encouraging results are before you. Your Company has done very well even during the global depression in the country and overseas market.

Dividend

Your Directors have recommended dividend of Rs. 0.60 per Equity Share for the current financial year (Previous year Rs. 0.50), amounting to Rs. 4,668/- thousand (inclusive of tax Rs. 790 thousand), Previous year Rs. 3,420/- thousand (inclusive of tax Rs. 570 thousand). Those members whose names are registered on the Register of Members on 23rd September, 2016, will be entitled to dividend.

In respect of shares held in the dematerialized form, the dividend will be paid to the members whose names are furnished by NSDL and CDSL, as beneficiary owners.

Change in the Nature of Business:

There has been no change in the nature of the business during the financial year 2015-16.

Transfer to Reserves

The Company has transferred Rs. 7,355/- thousand from Profit & Loss Account to General Reserve.

Deposits:

The Company has not accepted any Deposits from the public and it is therefore not required to comply with the requirement under the Companies (Accounts) Rules, 2014.

Industrial Relations

The relationship with the workmen and staff remained cordial and harmonious during the year and the management received full cooperation from the employees.

During the year, extensive training and developmental activities were undertaken, both in-house and out-bound for the employees. Various efficiency and quality improvement initiatives, including some functional and behavioural training programs were undertaken. The total number of employees as on 31st March 2016 was 62.

Change in Share Capital:

During the financial year 2015-16, Company has increased Authorized Share Capital from Rs. 65,000/- (thousand) to Rs. 80,000/-(thousand). Company has also increased its paid up share capital by issuing 8,00,000 Equity Shares on Preferential basis to the promoter and non - promoter group and with the approval of Board, Company has forfeited 36,100 Equity Shares.

Disclosure regarding Issue of Equity Shares with Different Rights:

The Company has not issued any equity shares with differential voting rights during the Financial year and it is therefore not required to make disclosures specified in Rule 4 (4) of Companies (Share Capital and Debenture) Rules, 2014.

Disclosure regarding issue of Sweat Equity Shares:

The Company has not issued any Sweat Equity Shares during the financial year and it is therefore not required to make disclosures specified in Rule 8 (13) of Companies (Share Capital and Debenture) Rules, 2014.

Disclosure regarding issue of Employee Stock Option:

The Company has not issued any shares under Employee Stock Option Scheme during the financial year and it is therefore not required to make disclosures specified in Rule 12 (9) of Companies (Share Capital and Debenture) Rules, 2014.

Extract of Annual Return:

The Extract of Annual return in form no MGT - 9 pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014 as on the financial year ended on March 31, 2016 is annexed herewith as Annexure -1 to this report.

Number of Meetings of the Board of Directors and Audit Committee:

A calendar of Meetings was prepared and circulated in advance to the Directors.

During the year under review Seven Board Meetings were held on 10th April, 2015, 30th May, 2015, 31st July, 2015, 30th October, 2015, 26th December, 2015, 08th February, 2016 and 13th February, 2016 respectively and one Independent Directors'' meeting was held on 13th February, 2016 and Five Audit Committee Meetings were convened on 10th April, 2015, 30th May, 2015, 31st July, 2015, 30th October, 2015, 08th February, 2016 respectively. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

Particulars of Loan, Guarantees and Investment:

Particulars of loans given, investments made, guarantees given and securities provided along with the purpose for which the loan or guarantee or security is proposed to be utilized by the recipient are provided in the financial statement (Please refer to Note to the financial statement).

Particulars of Contracts or Arrangements with Related Parties

With reference to Section 134(3)(h) of the Companies Act, 2013, all contracts and arrangements with related parties under Section 188(1) of the Act, entered by the Company during the financial year, were in the ordinary course of business and on an arm''s length basis.

Your attention is drawn to the Related Party disclosures set out in Note no. 31 of the Notes forming part of the Account.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo:

Particulars relating to conservation of Energy, Technology Absorption, Foreign exchange earnings and outgo, are given separately in the Annexure hereto and form part of this report as Annexure - II.

Material changes and commitments affecting the financial position of the Company:

There are no material changes and commitments affecting financial position of the Company which have occurred between the end of financial year and date of report.

Subsidiaries, Joint Ventures and Associate Companies:

During the year under review, Company does not have any subsidiary Company and none of the companies has become or ceased to be Company''s subsidiaries, joint ventures or associate companies.

Report on the performance and financial position of each of the subsidiaries, associates and joint venture companies:

During the year under review, none of the companies have become or ceased to be Company''s subsidiaries, joint ventures or associate companies, therefore Report on the performance and financial position of each of the subsidiaries, associates and joint venture companies is not require to be given.

Directors:

Pursuant to Sections 149, 152 and other applicable provisions, if any, of the Companies Act, 2013, one-third of such of the Directors as are liable to retire by rotation, shall retire every year and, if eligible, offer themselves for re-appointment at every AGM. Consequently, Mr. Nitinbhai I Patel (DIN: 00206561) and Mr. Ambalal Baldevdas Patel (DIN: 00206520), Directors will retire by rotation at the ensuing AGM, and being eligible, offer themselves for re-appointment in accordance with the provisions of the Companies Act, 2013.

The brief resume of the Directors being appointed/ reappointed, the nature of their expertise in specific functional areas, names of companies in which they have held Directorships, Committee Memberships/ Chairmanships, their shareholding etc., are furnished in the explanatory statement to the notice of the ensuing AGM.

The Directors recommend their appointment/re-appointment at the ensuing AGM.

Pursuant to the provisions under Section 134(3)(d) of the Companies Act, 2013, with respect to statement on declaration given by Independent Directors under Section 149(6) of the Act, the Board hereby confirms that all the Independent Directors of the Company have given a declaration and have confirmed that they meet the criteria of independence as provided in the said Section 149(6).

Key Managerial Personnel:

The Key Managerial Personnel (KMP) in the Company as per Section 2(51) and 203 of the Companies Act, 2013 are as follows:

Mr. Ishwarbhai Baldevdas Patel : Managing Director

Mr. Ambalal Baldevdas Patel : Whole Time Director

Mr. Nitinkumar Ishwarbhai Patel : Whole Time Director

Mr. Ishwarbhai Baldevdas Patel : CEO

Mr. Nitinkumar Ishwarbhai Patel : CFO

Ms. Hiral M Patel : Company Secretary

During the year under review there was an appointment of Ms. Hiral M Patel as Company Secretary in the office as KMP and Cessation of Ms. Ruchita C Chopra as Company Secretary.

Declaration by Independent Director:

As per the requirements of the Companies Act, 2013, the Company being a listed Company require to appoint independent Directors. Therefore requirement for obtaining Declaration by the Independent Directors pursuant to section 149 (6) Companies Act, 2013 is applicable to the Company.

List of the Independent directors:

1) Mr. Radhakrishna Naraparaju

2) Mr. Piyushkumar Krishnaprasad Patel

3) Ms. Kalpanaben Jigneshbhai Pandya

The Independent Directors have submitted the declaration of Independence, as required pursuant to Section 149(7) of the Companies Act, 2013 stating that they meet the criteria of independence as provided in sub section (6) and Regulation 16(b) of the SEBI (LODR) 2015.

Directors'' Responsibility Statement:

In accordance with the provisions of Section 134 (3) (c) read with section 134 (5) of the Companies Act, 2013, the Board of Directors states:

1) that in the preparation of the annual financial statements for the year ended March 31, 2016, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

2) that such accounting policies have been selected and applied consistently and judgment and estimates have been made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2016 and of the profit of the Company for the year ended on that date.

3) that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

4) that the annual financial statements have been prepared on a going concern basis;

5) that proper internal financial controls were in place and that the financial controls were adequate and were operating effectively;

6) that systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.

Particulars of Employees:

The information required pursuant to Section 197 read with Rule, 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees of the Company, will be provided upon request. In terms of Section 136 of the Act, the Report and Accounts are being sent to the Members and others entitled thereto, excluding the information on employees'' particulars which is available for inspection by the Members at the Registered Office of the Company during business hours on working days of the Company up to the date of the ensuing Annual General Meeting. If any Member is interested in obtaining a copy thereof, such Member may write to the Company Secretary in this regard.

Managerial Remuneration:

The information required pursuant to Section 197 read with Rule, 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees of the Company, is attached herewith as Annexure - III.

Details Of Significant And Material Orders Passed By The Regulators Or Courts Or Tribunals Impacting The Going Concern Status And Company''s Operations In Future:

The Company has not received any significant and material orders passed by the Regulators or Courts or Tribunals impacting the going concern status and Company''s operations in Future.

Insurance

The Company has taken adequate insurance to cover the risks to its people, plants and machineries, buildings and other assets, profit and third parties.

Risk Management Policy:

The Company has taken sufficient insurance for the properties against risks of fire, strike, riot and earthquake. All the Assets of the Company including Inventories, Buildings, Machinery is adequately insured.

The Company has laid down a Risk Management Policy and identified threat of such events which if occurs will adversely affect either / or, value to shareholders, ability of Company to achieve objectives, ability to implement business strategies, the manner in which the Company operates and reputation as "Risks". Further such Risks are categorized in to Strategic Risks, Operating Risks & Regulatory Risks. A detailed exercise is carried out to identify, evaluate, manage and monitoring all the three types of risks. A Risk Management Committee has been constituted to oversee the risk management process in the Company required under Section 134 (3) (n) of the Companies Act, 2013 and read with SEBI (LODR) Regulations, 2015.

Annual Performance Evaluation:

In compliance with the provisions of the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the performance evaluation was carried out as under:

Board:

In accordance with the criteria suggested by The Nomination and Remuneration Committee, the Board of Directors evaluated the performance of the Board, having regard to various criteria such as Board composition, Board processes, Board dynamics etc. The Independent Directors, at their separate meetings, also evaluated the performance of the Board as a whole based on various criteria. The Board and the Independent Directors were of the unanimous view that performance of the Board of Directors as a whole was satisfactory.

Committees of the Board:

The performance of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders Relationship Committee was evaluated by the Board having regard to various criteria such as committee composition, committee processes, committee dynamics etc. The Board was of the unanimous view that all the Committees were performing their functions satisfactorily and according to the mandate prescribed by the Board under the regulatory requirements including the provisions of the Act, the Rules framed there under and the Listing Agreement/ SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Individual Directors:

(a) Independent Directors:

In accordance with the criteria suggested by The Nomination and Remuneration Committee, the performance of each independent director was evaluated by the entire Board of Directors (excluding the director being evaluated) on various parameters like preparedness, participation, value addition, focus on governance and communication. The Board was of the unanimous view that each independent director was a reputed professional and brought his / her rich experience to the deliberations of the Board. The Board also appreciated the contribution made by all the independent directors in guiding the management in achieving higher growth and concluded that continuance of each independent director on the Board will be in the interest of the Company.

(b) Non-Independent Directors:

The performance of each of the non-independent directors (including the Chairperson) was evaluated by the Independent Directors at their separate meeting. Further, their performance was also evaluated by the Board of Directors. The various criteria considered for the purpose of evaluation included transparency, business leadership, people leadership, focus on governance, communication, preparedness, participation and value addition. The Independent Directors and the Board were of the unanimous view that each of the non independent directors was providing good business and people leadership.

Corporate Social Responsibility:

Under Section 135 of the Companies Act, 2013 the provision of Corporate Social Responsibility is not applicable to the Company for the financial year 2015-16.

Audit Committee:

The Company has constituted the audit committee as per requirement of section 177 of the Companies Act, 2013 read with rule (6) of the Companies (Meetings of Board and its Powers) Rules,2014 and Regulation 18 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 being a Listed Company.

Stakeholders Relationship Committee:

The Company has constituted the Stakeholders Relationship Committee as per requirement of Section 178(5) of the Act, and Regulations 20 of the Listing Regulations being a Listed Company. The Committee inter alia, looks into redressing the grievances of the Security holders of the Company viz. non-receipt of transferred shares and non- receipt of dividend, among others. During 2015-2016, meeting of the Stakeholders'' Relationship Committee was held on 20th April, 2015, 22nd April, 2015, 03rd December, 2015 and 08th February, 2016 and the same was attended by all the members of the Committee.

Vigil Mechanism:

The Company has established vigil mechanism and framed whistle blower policy for Directors and employees to report concerns about unethical behaviour, actual or suspected fraud or violation of Company''s Code of Conduct or Ethics Policy.

Nomination and Remuneration Committee:

The Company has constituted Nomination and Remuneration Committee pursuant to section 178 of the Companies Act, 2013 read with rule (6) of the Companies (Meetings of Board and its Powers) Rules, 2014 being a Listed Company The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration.

Board Evaluation:

Pursuant to Section 134 (3) (p) of the Companies Act, 2013 read with rule 8 (4) of the Companies (Accounts) Rules, 2014 and the Listing Agreement with Stock Exchanges, the Board, in consultation with its Nomination & Remuneration Committee, has formulated a framework containing, inter-alia, the criteria for performance evaluation of the entire Board of the Company, its Committees and Individual Directors, including Independent Directors.

Corporate Governance & Management Discussion and Analysis:

Provision of clause 49 relating to Corporate Governance and Management Discussion & Analysis are not applicable to the Company vide SEBI Circular No. CIR/CFD/POLICY CELL/7/2014 dated 15th September, 2014 and therefore, Corporate Governance report is not forming part of the Annual Report.

Disclosures under Sexual Harassment of Women at workplace (Prevention, Prohibition & Redressal) Act, 2013

The Company has zero tolerance for sexual harassment at workplace and has adopted a policy against sexual harassment in line with the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules framed there under. During the financial year 2015-16, the Company has not received any complaints on sexual harassment and hence no complaints remain pending as of 31 March, 2016.

Secretarial Audit Report:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s SPANJ & Associates, a firm of Company Secretaries in Practice to undertake the Secretarial Audit of the Company. The Secretarial Audit Report is annexed herewith as “Annexure -IV".

Statutory Auditors:

At the Annual General Meeting held on September 11, 2014, M/s. Parimal S. Shah & Co., Chartered Accountants, were appointed as statutory auditors of the Company to hold office till the conclusion of the Annual General Meeting to be held in the financial year 2016-17. In terms of the first proviso to Section 139 of the Companies Act, 2013, the appointment of the auditors shall be placed for ratification at every Annual General Meeting. Accordingly, the appointment of M/s. Parimal S. Shah & Co., Chartered Accountants as Statutory auditors of the Company, is placed for ratification by the shareholders.

The Auditor''s Report for fiscal 2016 does not contain any qualification, reservation or adverse remark.

Cost Auditor:

Pursuant to Section 148 of the Companies Act, 2013 read with The Companies (Cost Records and Audit) Amendment Rules, 2014 is not applicable to the Company for the year under review.

Internal Financial Control System:

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. The scope and authority of the Internal Audit (IA) function is defined in the Internal Audit Charter. To maintain its objectivity and independence, the Internal Auditor places Internal Audit reports before the Board of Directors.

The Internal Auditor monitors and evaluates the efficacy and adequacy of internal control system in the Company, its compliance with operating systems, accounting procedures and policies at all locations of the Company. Based on the report of Internal Auditor, process owners undertake corrective action in their respective areas and thereby strengthen the controls. Significant Audit observations and corrective actions thereon are presented before the Board.

Auditors Report:

As regards the comments made in the Auditor''s Report, the Board is of the opinion that they are self-explanatory and does not warrant further clarification.

Acknowledgement:

Your directors place on record their gratitude to the Central Government, State Governments and Company''s Bankers for the assistance, co-operation and encouragement they extended to the Company. Your directors also wish to place on record their sincere thanks and appreciation for the continuing support and unstinting efforts of investors, vendors, dealers, business associates and employees in ensuring an excellent all around operational performance.

For SUPER CROP SAFE LIMITED

ISHWARBHAI B. PATEL NITINKUMAR I. PATEL

Chairman & Managing Director Director

Date: 30/05/2016 [DIN: 00206389] [DIN: 00206561]


Mar 31, 2014

Dear Members,

The Directors have pleasure in submitting their Annual Report together with the Audited Statements of accounts for the year ended 31st March 2014.

FINANCIAL RESULTS:-

The working results of the company for the year under report are as follows:-

(Rs.) Particulars 2013-14 2012-13

Profit / (Loss) before Depreciation 1,24,97,066 1,18,88,362

Less: Depreciation 44,03,150 38,51,483

Profit / (Loss) before Taxation 80,93,916 80,36,879

Less: Deferred Tax 87,423 48,555

Less: Current Tax 30,53,280 33,93,532

Net Profit / (Loss) after Depreciation & Tax 49,53,213 45,94,792

General Reserve 16,18,853 12,60,432

Dividend on equity shares 28,50,000 28,50,000

Tax on Dividend 4,84,360 4,84,560

OPERATIONS:-

During the year under report, the company continued to reach the new heights in sales and profit as well. Sales of the company have increased to Rs. 65,12,56,872/- (Previous Year Rs. 60,02,61,838/-) which shows encouraging growth in total revenue and speaks about the efficient working of the company.

Members are aware that changes were introduced by your directors in marketing strategy a few years back and since then performance of the company is improving, which have resulted in strengthening the financial position of the company. The encouraging results are before you. Your company has done very well even during the global depression in the country and overseas market.

DIVIDEND:-

Your Directors have recommended dividend of Rs. 0.50 per Equity Share for the current financial year (Previous year Rs. 0.50), amounting to Rs. 33,34,360 (inclusive of tax Rs. 4,84,360), Previous year Rs. 33,34,360 (inclusive of tax Rs. 4,84,360). Those members whose names are registered on the Register of Members on 11thSeptember, 2014, will be entitled to dividend.

In respect of shares held in the dematerialized form, the dividend will be paid to the members whose names are furnished by NSDL and CDSL, as beneficiary owners.

FIXED DEPOSIT:-

The Company has not accepted any deposit to which the provisions of Section 58-A of the Companies Act, 1956 are applicable. PARTICULARS REGARDING EMPLOYEES:-

There are no employees who are in receipt of remuneration exceeding the limit specified under section 217 (2A) of the Companies Act, 1956.

DISCLOSURE OF PARTICULARS:-

Particulars relating to conservation of Energy, Technology Absorption, Foreign exchange earnings and outgo pursuant to Section 217 (1) (e) of the Companies Act, 1956, are given separately in the Annexure hereto and form part of this report.

DIRECTORS RESPONSIBILITY STATEMENT:-

The Board of Directors of the Company confirms:

i. that in the preparation of the annual accounts, the applicable accounting standards have been followed and there has been no material departures;

ii. that the selected accounting policies were applied consistently and the Directors 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 the end of the year under report and of the profit of the company for the year ended on that date;

iii. that proper and sufficient care has 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;

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

DEMATERIALISATION OF SHARES:-

To provide better and smooth service to the shareholders, the company''s Equity shares are now available for dematerialization in electronic form in the Depository System operated by National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd.(CDSL). This will improve and quicken sale and transfer of shares of company.

Shareholders are, therefore requested to demat their shares in the electronic form at the earliest.

CORPORATE GOVERNANCE:-

Your company believes in transparent management and hence as required under the provisions of Clause 49 of the Listing Agreement with the Stock Exchanges, the report on Corporate Governance and the certificate of auditors of the company in respect of compliance thereof are appended here to and form part of this report.

DIRECTORS:-

In accordance with the Articles of Association of the company, Mr. Nitin I. Patel (DIN : 00206561) and Mr. Piyushbhai K. Patel (DIN : 01051013), directors of the company retire by rotation but being eligible offer themselves for reappointment. You are requested to appoint the directors in their place.

AUDITORS:-

You are requested to appoint auditors from the conclusion of the ensuing Annual General Meeting till the conclusion of Annual General Meeting for the financial year 2016-17 and fix their remuneration. The present Auditors M/s. Parimal S. Shah & Co., Chartered Accountants are eligible for reappointment.

APPRECIATION:-

The Board places on record its appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the customers. The Board also expresses their sincere thanks to the Banks and all other well-wishers for their timely support.

Registered Office: For and on behalf of the Board of Directors C-1/290, G. I. D. C. Estate, for, Super Crop Safe Limited Naroda, Ahmedabed-382330. (Ishwarbhai B. patel) Date : 29th May, 2014 Chairman & Managing Director


Mar 31, 2013

To, Dear Members,

The Directors have pleasure in submitting their Annual Report together with the Audited Statements of accounts for the year ended 31st March 2013.

FINANCIAL RESULTS

The working results of the company for the year under report are as follows :-

2012-13 (Rs.) 2011-12 (Rs.)

Profit / (Loss) before Depreciation 1,18,88,362 1,28,38,729

Less : Depreciation 38,51,483 34,29,753

Profit / (Loss) before Taxation 80,36,879 94,08,976

Less : Deferred Tax 48,555 35,084

Less : Current Tax 33,93,532 38,14,823

Net Profit / (Loss) after Depreciation & Tax 45,94,792 55,59,069

General Reserve 12,60,432 23,89,269

Div''dend on equity shares 28,50,000 27,27,350

Tax on Dividend 4,84,560 4,42,450

OPERATIONS :-

During the year under report, the company continued to reach the new heights in sales and profit as well. Sales of the company have increased to Rs. 60,02,61,838/- (Previous Year Rs. 46,29,97,151/-) which shows encouraging growth in total revenue and speaks about the efficient working of the company.

Members are aware that changes were introduced by your directors in marketing strategy a few years back and since then performance of the company is improving, which have resulted in strengthening the financeil position of the company. The encouraging results are before you. Your company has done very well even during the global depression in the country and overseas market.

DIVIDEND :-

Your Directors have recommended dividend of Rs. 0.50 per Equity Share for the current financial year (Previous year Rs. 0.50), amounting to Rs. 33,34,360 (inclusive of tax Rs. 4,84,360), Prev''ous year Rs. 31,69,800 (inclusive of tax Rs. 4,42,450). Those members whose names are registered on the Register of Members on 19th September, 2013, will be entitled to dividend.

In respect of shares held in the dematerialized form, the dividend will be paid to the members whose names are furnished by NSDL and CDSL, as beneficiary owners.

FIXED DEPOSIT :-

The Company has not accepted any deposit to which the prov''sions of Section 58-A of the Companies Act, 1956 are applicable.

PARTICULARS REGARDING EMPLOYEES :-

There are no employees who are in receipt of remuneration exceeding the limit specified under section 217 (2A) of the Companies Act, 1956.

DISCLOSURE OF PARTICULARS :-

Particulars relating to conservation of Energy, Technology Absorption, Foreign exchange earnings and outgo pursuant to Section 217 (1) (e) of the Companies Act, 1956, are given separately in the Annexure hereto and form part of this report.

DIRECTORS RESPONSIBILITY STATEMENT :-

The Board of Directors of the Company confirms:

i. that in the preparation of the annual accounts, the applicable accounting standards have been followed and there has been no material departures;

ii. that the selected accounting policies were applied consistently and the Directors made judgements and estimates that are reasonable and prudent so as to give a true and fair v''ew of the state of affairs of the company as at the end of the year under report and of the profit of the company for the year ended on that date;

iii. that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the prov''sions of the Companies Act, 1956, for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

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

DEMATERIALISATION OF SHARES :-

To provide better and smooth service to the shareholders, the company''s Equity shares are now available for dematerialization in electronic form in the Depository System operated by National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd.(CDSL). This will improve and quicken sale and transfer of shares of company.

Shareholders are, therefore requested to demat their shares in the electronic form at the earliest.

CORPORATE GOVERNANCE :-

Your company believes in transparent management and hence as required under the provisions of Clause 49 of the Listing Agreement with the Stock Exchanges, the report on Corporate Governance and the certificate of auditors of the company in respect of compliance thereof are appended here to and form part of this report.

DIRECTORS :-

In accordance with the Articles of Association of the company, Shri Ishwarbhai B. Patel and Shri Kaushal C. Patel, directors of the company retire by rotation but being eligible offer themselves for reappointment. You are requested to appoint the directors in their place.

AUDITORS :-

You are requested to appoint auditors from the conclusion of the ensuing Annual General Meeting till the conclusion of next Annual General Meeting and fix their remuneration. The present Auditors M/s. Parimal S. Shah & Co., Chartered Accountants are eligible for reappointment.

APPRECIATION :-

The Board places on record its appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the customers. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

Registered Office: For and on behalf of the Board of Directors

C-1/290, G. I. D. C. Estate, for, Super Crop Safe Limited

Naroda, Ahmedabed-382330.

(Ishwarbhai B. patel)

Date : 29th July, 2013 Chairman & Managing Director


Mar 31, 2012

The Directors have pleasure in submitting their Annual Report together with the Audited Statements of accounts for the year ended 31st March 2012.

FINANCIAL RESULTS :-

The working results of the company for the year under report are as follows :-

2011-12 2010-11 (Rs. ) (Rs. )

Profit/(Loss) before Depreciation 1,28,38,729 1,13,43,904

Less : Depreciation 34,29,753 29,28,689

Profit/(Loss) before Taxation 94,08,976 84,15,215

Add : Deferred Tax (35,084) 15,473

Less : Current Tax 38,14,823 24,78,360

Net Profit/(Loss) after Depreciation & Tax 55,59,069 59,52,328

General Reserve 23,89,269 27,71,992

Dividend on equity shares 27,27,350 27,27,350

Tax on Dividend 4,42,450 4,52,986

OPERATIONS:-

During the year under report, the company continued to reach the new heights in sales and profit as well. Sales of the company have increased to Rs. 46,29,97,151/- (Previous Year Rs. 38,04,69,172/-) which shows encouraging growth in total revenue and speaks about the efficient working of the company.

Members are aware that changes were introduced by your directors in marketing strategy a few years back and since then performance of the company is improving, which have resulted in strengthening the financial position of the company. The encouraging results are before you. Your company has done very well even during the global depression in the country and overseas market.

DIVIDEND :-

Your Directors have recommended dividend of Rs. 0.50 per Equity Share for the current financial year (Previous year Rs. 0.50), amounting to Rs. 31,69,800 (inclusive of tax Rs. 4,42,450), Previous year Rs. 31,80,336 (inclusive of tax Rs. 4,52,986) . Those members whose names are registered on the Register of Members on 19th September, 2012, will be entitled to dividend.

In respect of shares held in the de-materialized form, the dividend will be paid to the members whose names are furnished by NSDL AND CDSL, as beneficiary owners.

FIXED DEPOSIT :-

The Company has not accepted any deposit to which the provisions of Section 58-A of the Companies Act, 1956 are applicable.

PARTICULARS REGARDING EMPLOYEES :-

There are no employees who are in receipt of remuneration exceeding the limit specified under section 217 (2A) of the Companies Act, 1956.

DISCLOSURE OF PARTICULARS :-

Particulars relating to conservation of Energy, Technology Absorption, Foreign exchange earnings and outgo pursuant to Section 217 (1) (e) of the Companies Act, 1956, are given separately in the Annexure hereto and form part of this report.

DIRECTORS RESPONSIBILITY STATEMENT :-

The Board of Directors of the Company confirms:

i. that in the preparation of the annual accounts, the applicable accounting standards have been followed and there has been no material departures;

ii. that the selected accounting policies were applied consistently and the Directors 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 the end of the year under report and of the profit of the company for the year ended on that date;

iii. that proper and sufficient care has 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;

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

DEMATERIALISATION OF SHARES :-

To provide better and smooth service to the shareholders, the company's Equity shares are now available for dematerialization in electronic form in the Depository System operated by National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd. (CDSL). This will improve and quicken sale and transfer of shares of company.

Shareholders are, therefore requested to demat their shares in the electronic form at the earliest.

CORPORATE GOVERNANCE:-

Your company believes in transparent management and hence as required under the provisions of Clause 49 of the Listing Agreement with the Stock Exchanges, the report on Corporate Governance and the certificate of auditors of the company in respect of compliance thereof are appended here to and form part of this report.

DIRECTORS :-

In accordance with the Articles of Association of the company, Shri Ambalal B. Patel and Shri N. R. Krishna, directors of the company retire by rotation but being eligible offer themselves for reappointment. You are requested to appoint the directors in their place.

MANAGING AND EXECUTIVE DIRECTORS:-

The Board of Directors have, at their meeting held on 16th January, 2012, reappointed Shri Ishwarbhai B. Patel as Managing Director, Shri Ambalal B. Patel as Executive Director and Shri Nitinbhai I. Patel as Executive Director, for a further period of Five years from 16th January, 2012. Under their leadership, the company has made very good progress and hence the Board recommends their reappointment.

AUDITORS :-

You are requested to appoint auditors from the conclusion of the ensuing Annual General Meeting till the conclusion of next Annual General Meeting and fix their remuneration. The present Auditors M/s. Parimal S. Shah & Co., Chartered Accountants are eligible for reappointment.

APPRECIATION :-

The Board places on record its appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the customers. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

For and on behalf of the Board of Directors for, Super Crop Safe Limited

(Ishwarbhai B. patel) Chairman & Managing Director

Registered Office: C-1/290, G. I. D. C. Estate, Naroda, Ahmedabed-382330.

Date : 13th July, 2012


Mar 31, 2010

The Directors have pleasure in submitting their Annual Report together with the Audited Statements of accounts forthe year ended 31st March 2010.

FINANCIAL RESULTS :-

The working results of the company for the year under report are as follows :-

2009-10 (Rs.) 2008-09 (Rs.)

Profit/ (Loss) before Depreciation 77,54,557 1,10,72,581

Less: Depreciation 20,61,430 10,29,334

Profit / (Loss; before Taxation 56,93,127 1,00,43,247

Add: Deterred Tax (54,205) (36,879)

Prior Prepaid adjustment 00 00

Fringe benefit Tax 00 (33,628)

Extra Ordinary item 2,00,000 00

Less .Current Tax 17,12,177 12,23,970

Net Profit / (Loss) after Depreciation & Deferred Tax 41,26,745 87,48,770

OPERATIONS :-

During the year under report, Sales of the company have increased from Rs. 20,23,12,204/- to Rs. 27,09,59,231/- which shows growth by about 34%. This increase in sales is due to the changes effected by your directors in marketing strategy. Retail sales have been increased and concentration is focused on Bulk operations. Exports through Merchant Exporters have also increased considerably. The encouraging results are before you. Your company has done very well even during the global depression in the country and overseas market. It is felt that good monsoons during the current season will have positive effect on the working of the company and demand for agro chemical goods will be increased.

DIViDEND:-

With a view to plough back the profits for better working of the company, your Directors do not recommend any Dividend for the year. This will also result in strong capital base of the company.

FIXED DEPOSIT :-

The Company has not accepted any deposit to which the provisions of Section 58-A of the Companies Act, 1956 are applicable.

PARTICULARS REGARDING EMPLOYEES :-

There are no employees who are in receipt of remuneration exceeding the limit specified under section 217 2 (a) of the Companies Act, 1956.

DISCLOSURE OF PARTICULARS :

Particulars relating to conservation of Energy, Technology Absorption, Foreign exchange earnings and outgo pursuant to Section 217 (1) (e) of the Companies Act, 1956, are given separately in the Annexure hereto and form part of this report.

DIRECTORS RESPONSIBILITIES STATEMENT :-

The Board of Directors of the Company confirms:

i. that in the preparation of the annual accounts, the applicable accounting standards have been followed and there has been no material departures;

ii. that the selected accounting policies were applied consistently and the Directors 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 the end of the year under report and of the profit of the company for the year ended on that date;

iii. that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguard- ing the assets of the company and for preventing and detecting fraud and other irregulari- ties;

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

DEMATERIALISATION OF SHARES :-

To provide better and smooth service to the shareholders, the companys Equity shares are now available for dematerialization in electronic form in the Depository System operated by National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd.(CDSL). This will improve and quicken sale and transfer of shares of company.

Share holders are, therefore requested to demat their shares in the electronic form at the earliest.

CORPORATE GOVERNANCE :-

Your company believes in transparent management and hence as required under the provisions of Clause 49 of the Listing Agreement with the Stock Exchanges, the report on Corporate Governance and the certificate of auditors of the company in respect of compliance thereof are appended here to and form part of this report.

DIRECTORS :-

In accordance with the Articles of Association of the company, Shri ishwarbhai B. Patel and Shri Kaushal C. Patel, directors of the company retire by rotation but being eligible offer themselves for reappointment. You are requested to appoint the directors in their place.

AUDITORS :-

You are requested to appoint auditors from the conclusion of the ensuing Annual General Meeting to the conclusion of next Annual General Meeting and fix their remuneration. The present Auditors M/s. Parimal S. Shah & Co. is eligible for reappointment.

APPRECIATION :-

The Board places on record its appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the customers. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

REGISTERED OFFICE :- FOR SUPER CROP SAFE LIMITED

C-1/290, G. I. D. C Estate, FOR AND ON BEHALF OF THE BOARD

Phase-I, Naroda,

Ahmedabad - 382 330.

ISHWARBHAI B. PATEL

CHAIRMAN & MANAGING DIRECTOR

Date :03/05/2010

Find IFSC