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Directors Report of Universal Autofoundry Ltd.

Mar 31, 2013

Dear Members,

The Directors are pleased to present the 4th Annual Report with Audited Balance Sheet and Statements of Accounts for the period ended 31st March 2013.


The Consolidated audited financial results of the Company for the year ended March 31st, 2013 are summarized below:

Particulars 2013-14 2012-13


Total Receipts 4316.25 4028.43

Profit Before Interest, Depreciation 381.50 366.63 and Tax (PBIT)

Less: Interest 153.01 169.14

Less: Depreciation & Amortization expenses 117.66 132.38

Profit Before Tax 110.83 65.11

Exceptional Items 0.00 0.00

Profit from Ordinary Activities before Tax 110.83 65.11

Prior Period Items 0,00 0.00

Less: Provision for Taxation Including Deferred 23.01 2.19 Tax

Profit After Tax (PAT) 87.81 62.92


The Company has not accepted any deposits under section 58-A, of the Companies Act, 1956 during the year.


M/s Goverdhan Agarwal & Co., Chartered Accountants, Jaipur, the Auditor of the company is due to retire at this annual general meeting and are eligible for re-appointment.


Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors, based on the representations received from the Operating Management, confirm that:

(i) The annual accounts have been prepared following the applicable accounting standards and there are no material departures from such standard,

(ii) Generally accepted accounting policies had been selected and applied consistently and all estimates and judgments are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year 2012-13 and profit of the company for the said financial year.

(iii) Proper and sufficient care had been taken for 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) The annual accounts had been prepared on a going concern basis.


There is no any change in Board of Directors during the year.


The notes to the Accounts read with the Auditor's Report are self- explanatory and, therefore, do not call for any further explanation under Section 217(3) of the Companies Act, 1956.



1. Company has taken suitable measures for the conservation of energy.

2. The details of energy consumption and energy consumption per unit of production as required are given here under:

a) Power & Fuel Consumption:

1. Electricity 2012-13 2011-12

a) Purchased - Unit 5182710 Unit 7090290 Unit -Total Amount (') 31963550/- 37133712.84 - Rate/Unit (') 6.17 5.24 b) Own Generation


The research and development is carried out as an on-going process. The technology is indigenously available and there is no need for further improvement.


In accordance with section 383A of the Companies Act, 1956 and Companies Compliance Certificate Rules, 2001 the company has obtain a Certificate from Company Secretary in whole time practice confirming that the company has complied with the provisions of the Companies Act, 1956 and a copy of such certificate is annexed to this report. This Certificate is self explanatory.


There were no employees whose remuneration was in excess of the limits prescribed under section 217 (2A) of the Companies Act, 1956 as per the latest amendment.


The Board takes this opportunity to express its sense of gratitude to all the Customers, Shareholders, Government Departments, Financial Institutions, Bankers and Suppliers of the Company. The Board also wishes to pay tribute to all the employees of the Company for their splendid commitment and dedication.

By order of the Board of Directors For Universal Autofoundary Private Limited

PLACE: JAIPUR. DATE: 28.08.2013

(Kishan Lai Gupta) (Vimal Chand Jain) Director Director