Mar 31, 2015
1. Segment Wise Information:
The company has identified two reportable segments viz. Seed
Processing and Wind Turbine. Segments have been identified and
reported taking into account the nature of products and services, the
differing risks and returns and the internal business reporting
system. The accounting policies adopted for segment reporting are in
line with the accounting policies of the company.
2. There are no Micro, Small and Medium Enterprises, to whom the
Company owes. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have identified on the basis of
information available with the Company.
E-Voting instructions
Pursuant to the Provisions of Section 108 of the Companies Act, 2013
and Rule 20 of Companies (Management and Administration) Rules, 2014,
the Company is pleased to offer e-voting facility to the members to
cast their votes electronically on all resolutions set forth in the
Notice convening the 39th Annual General Meeting to be held on Friday,
14th August, 2015, at 10.30 AM. The Company has engaged the services
of Central Depository Services Limited (CDSL) to provide the E-Voting
facility.
The instructions for shareholders voting electronically are as under:
The E-Voting Sequence Number and period of E-Voting are set out below:
EVSN(E-VOTING SEQUENCE NUMBER) : 150720005 COMMENCEMENT OF E-VOTING :
11th August, 2015 at 09.00 A.M
END OF E-VOTING : 13th August, 2015 at 05.00 P.M
STEPS & INSTRUCTIONS FOR E-VOTING:
The instructions for shareholders voting electronically are as under:
(i) The voting period begins on 11th August, 2015 at 09.00 A.M and
ends on 13th August, 2015 at 05.00 P.M. During this period,
shareholders' of the Company, holding shares either in physical form
or in dematerialized form as on the cut-off date (record date) of 10th
August, 2015, may cast their vote electronically. The e-voting module
shall be disabled by CDSL for voting thereafter.
(ii) The shareholders should log on to the e-voting website
www.evotingindia.com.
(iii) Click on Shareholders.
(iv) Now Enter your User ID
a. For CDSL: 16 digits beneficiary ID,
b. Members holding shares in Physical Form should enter Folio Number
registered with the Company.
(v) Next enter the Image Verification as displayed and Click on Login.
(vi) If you are holding shares in demat form and had logged on to
www.evotingindia.com and voted on an earlier voting of any company,
then your existing password is to be used.
(vii) If you are a first time user follow the steps given below:
For Members holding shares in Demat Form
and Physical Form
PAN Enter your 10 digit alpha-numeric *PAN issued by Income Tax
Department (Applicable for both demat shareholders as well
as physical shareholders)
* Members who have not updated their PAN with the Company/
Depository Participant are requested to use the first two
letters of their name and the 8 digits of the sequence
number in the PAN field.
* In case the sequence number is less than 8 digits enter
the applicable number of 0's before the number after
the first two characters of the name in CAPITAL letters.
Eg. If your name is Ramesh Kumar with sequence number 1
then enter RA00000001 in the PAN field.
DOB Enter the Date of Birth as recorded in your demat account or
in the company records for the said demat account or folio
in dd/mm/yyyy format.
Dividend Enter the Dividend Bank Details as recorded in your demat
Bank account or in the company records for the said demat account
Details or folio.
* Please enter the DOB or Dividend Bank Details in order
to login. If the details are not recorded with the
depository or company please enter the member id / folio
number in the Dividend Bank details field as mentioned in
instruction (iv).
(viii) After entering these details appropriately, click on "SUBMIT"
tab.
(ix) Members holding shares in physical form will then directly reach
the Company selection screen. However, members holding shares in demat
form will now reach ÂPassword Creation' menu wherein they are
required to mandatorily enter their login password in the new password
field. Kindly note that this password is to be also used by the demat
holders for voting for resolutions of any other company on which they
are eligible to vote, provided that company opts for e-voting through
CDSL platform. It is strongly recommended not to share your password
with any other person and take utmost care to keep your password
confidential.
(x) For Members holding shares in physical form, the details can be
used only for e-voting on the resolutions contained in this Notice.
(xi) Click on the EVSN for the relevant
(xii) On the voting page, you will see "RESOLUTION DESCRIPTION" and
against the same the option "YES/NO" for voting. Select the option
YES or NO as desired. The option YES implies that you assent to the
Resolution and option NO implies that you dissent to the Resolution.
(xiii) Click on the "RESOLUTIONS FILE LINK" if you wish to view
the entire Resolution details.
(xiv) After selecting the resolution you have decided to vote on,
click on "SUBMIT". A confirmation box will be displayed. If you
wish to confirm your vote, click on "OK", else to change your
vote, click on "CANCEL" and accordingly modify your vote.
(xv) Once you "CONFIRM" your vote on the resolution, you will not
be allowed to modify your vote.
(xvi) You can also take out print of the voting done by you by
clicking on "Click here to print" option on the Voting page.
(xvii) If Demat account holder has forgotten the same password then
Enter the User ID and the image verification code and click on Forgot
Password & enter the details as prompted by the system.
(xviii) Note for Non - Individual Shareholders and Custodians
* Non-Individual shareholders (i.e. other than Individuals, HUF, NRI
etc.) and Custodian are required to log on to www.evotingindia.com and
register themselves as Corporates.
* A scanned copy of the Registration Form bearing the stamp and sign
of the entity should be emailed to [email protected].
* After receiving the login details a compliance user should be
created using the admin login and password. The Compliance user would
be able to link the account(s) for which they wish to vote on.
* The list of accounts should be mailed to
[email protected] and on approval of the accounts they
would be able to cast their vote.
* A scanned copy of the Board Resolution and Power of Attorney (POA)
which they have issued in favour of the Custodian, if any, should be
uploaded in PDF format in the system for the scrutinizer to verify the
same.
(xix) In case you have any queries or issues regarding e-voting, you
may refer the Frequently Asked Questions ("FAQs") and e-voting
manual available at www.evotingindia.com, under help section or write
an email to [email protected].
Mar 31, 2014
1. In the Opinion of the management there is no indication that
any of the assets of the company has been impaired. Accordingly no
loss on account of impairment has been recognized during the year in
terms of Accounting Standard 28- Impairment of assets.
2. CURRENT ASSETS, LOANS & ADVANCES :
The Board is of the opinion that the Current Assets, Loans and Advances
have a value on realization in the ordinary course of Business at least
to the amount at which they are stated.
3. RELATED PARTIES DISCLOSURES :
List of related parties with whom transactions have taken place during
the year :
i) Subsidiaries : Nil
ii) Associates :
a) Maddi Lakshmaiah & Co. Ltd.
b) M.L.Agro Products Ltd.
c) M.L.Exports
d) K.S.Subbiah Pillai & Co. (India) Ltd.
iii) Key Managerial Personnel :
a) Sri. M.Venkateswara Rao -- Managing Director
b) Sri. M.Lakshmaiah -- Chairman
c) Sri. M.Ramesh -- ExcutiveDirector
4. Segment Wise Information:
The company has identified two reportable segments viz. Seed Processing
and Wind Turbine. Segments have been identified and reported taking
into account the nature of products and services, the differing risks
and returns and the internal business reporting system. The accounting
policies adopted for segment reporting are in line with the accounting
policies of the company.
5. There are no Micro, Small and Medium Enterprises, to whom the
Company owes. This information as required to be disclosed under Micro,
Small and Medium Enterprises Development Act, 2006 has been determined
to the extent such parties have identified on the basis of information
available with the Company.
B) Travelling expenses include Rs.49,305/- paid to Managing Director
(Previous Year Rs.56,895/-) and Rs.30,450/- paid to other Directors
(Previous year Rs. 33,300/-).
6. Previous year figures have been regrouped wherever necessary to
compare with current year figures.
Mar 31, 2013
1. CURRENT ASSETS, LOANS & ADVANCES :
The Board is of the opinion that the Current Assets, Loans and Advances
have a value on realization in the ordinary course of Business at least
to the amount at which they are stated.
2. RELATED PARTIES DISCLOSURES :
List of related parties with whom transactions have taken place during
the year:
i) Subsidiaries: Nil
ii) Associates:
a) Maddi Lakshmaiah & Co. Ltd.
b) M.L.Agro Products Ltd.
c) M.L. Exports
d) K.S.Subbiah Pillai & Co. (India) Ltd.
iii) Key Managerial Personnel :
a) Sri. M.Venkateswara Rao - Managing Director
b) Sri. M.Lakshmaiah -- Director
c) Sri. M.Ramesh -- Director
3. Segment Wise Information:
The company has identified two reportable segments viz. Seed Processing
and Wind Turbine. Segments have been identified and reported taking
into account the nature of products and services, the differing risks
and returns and the internal business reporting system. The accounting
policies adopted for segment reporting are in line with the accounting
policies of die company.
4. There are no Micro, Small and Medium Enterprises, to whom the
Company owes. This information as required to be disclosed under Micro,
Small and Medium Enterprises Development Act, 2006 has been determined
to the extent such parties have identified on the basis of information
available with the Company.
Mar 31, 2010
1. SECURED LOANS :
a) Working Capital Limits sanctioned by Canara Bank are secured by
Hypothecation of Raw Materials. Consumable Stores, Finished Goods,
Book Debts and are also secured by a first charge on the fixed assets
of the Company. The secured loans from Canara Bank are further
guaranteed by Sri M. Venkateswara Rao, Managing Director, Sri M.
Lakshmaiah, Promoter Director and Sri M.Ramesh, Director in their
personal capacities.
b) The Term Loan from Canara Bank is secured by first charge on the
entire Fixed Assets of the company, both the existing and the proposed
to be acquired. It is further secured by way of personal guarantees of
Sri M. Venkateswara Rao, Managing Director, Sri M. Lakshmaiah, Promoter
Director and Sri M.Ramesh, Director in their individual capacities.
1A. UNSECURED LOANS :
Short-term Loan from ICICI Bank is guaranteed by Maddi Lakshmaiah &
Co.,Ltd., K.S. Subbiah Pillai & Co., Ltd., and M.L Information &
Technology Parks Pvt., Ltd., and is further guaranteed by way of
personal guarantees by Sri M. Venkateswara Rao, Managing Director, Sri
M. Lakshmaiah, Director and Sri M. Raraesh, Director in their
individual capacities.
2. In the Opinion of the management there is no indication thai any of
the assets of the company has been impaired. Accordingly no loss on
account of impairment has been recognized during the year in terms of
Accounting Standard 28- Impairment of assets.
3. CURRENT ASSETS, LOANS & ADVANCES :
The Board is of the opinion that the Current Assets, Loans and Advances
have a value on realization in the ordinary course of Business at least
to the amount at which they arc stated.
4. RELATED PARTY DISCLOSURES :
List of related parties with whom transactions have taken place during
the year :
i) Subsidiaries: Nil
ii) Associates:
a) Maddi Lakshmaiah & Co. Ltd.
b) M.L.Agro Products Ltd.
c) K.S.Subbiah Pillai & Co. (India) Ltd.
iii) Key Managerial Personnel:
a) Sri, M.Venkateswara Rao - Managing Director
b) Sri. M.Lakshmaiah - Director
c) Sri. M.Ramesh - Director
5. There are no Micro, Small and Medium Enterpriscs, to whom the
Company owes. This information as required to be disclosed under Micro,
Small and Medium Enterprises Development Act, 2006 has been determined
to the extent such parties have identified on the basis of information
available with the Company.