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Directors Report of Super Crop Safe Ltd.

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



 
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