Mar 31, 2014
Dear Members,
The Directors hereby present the Twenty First Annual Report together
with the Audited Accounts for the year ended 31st March, 2014
FINANCIAL RESULTS
2013-2014 2012-2013
(Rs.in Lakhs)
Profit before Interest and
Depreciation 244.07 470.49
Less : Interest 19.14 20.12
Profit before Depreciation 224.93 450.37
Less : Depreciation 61.59 58.97
163.34 391.40
Less : Preliminary exp.
written off 10.00 10.00
Net Profit carried to B/S 153.34 381.40
DIVIDEND
The Board of Directors could not recommend any dividend due to future
expansion activities of the Company.
OPERATIONS
During the year under review, the Company has taken steps to improve
the operations of the Company. The Company achieved a revenue of
Rs.12.63 Crores and net profit of Rs.1.53 crores. The Directors are
taking all the steps to improve the performance of the Company in the
years to come.
PERSONNEL
No employee was in receipt of remuneration in excess of the limits
specified under Section 217(2A) of the Companies Act,1956.
ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE
Information pursuant to Section 217(1) (e) of the Companies Act,1956
read with the Companies (Disclosure of particulars in the Report of
Board of Directors) Rules, 1988 is furnished in the Annexure..
DIRECTORS
Mr. Thomas P Joy retires at the ensuing Annual General Meeting and
offers himself being reappointed as Director.
DIRECTOR''S RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956 with respect to Director''s Responsibility Statement, it is
hereby confirmed that :
(i) in preparation of the annual accounts for the financial year ended
31st March, 2014, the applicable accounting standards had been followed
along with proper explanation relating to material departures;
(ii) the directors had selected such accounting policies and applied
them consistently and 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 at the end of the financial year and of the profit or
loss of the company for the year under review;
(iii) the directors had taken proper and sufficient care 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) the directors had prepared the accounts for the financial year
ended 31st March, 2014 on a ''going concern'' basis.
Corporate Social Responsibility Committee
Your Directors have constituted the Corporate Social Responsibility
Committee (CSR Committee) comprising Mr. N. Karuppiah as the Chairman &
Mr. Sunny Kutty George and Mr. P.A. Joykutty as members. The said
committee as been entrusted with the responsibility of formulating and
recommending to the Board, a Corporate Social Responsibility Policy
(CSR Policy) indicating the activities to be undertaken by the Company,
monitoring the implementation of the frame work of the CSR Policy and
recommending the amount to be spent on CSR activity.
AUDITORS
M/s. Karpagam & Co., the Auditors of the Company retire at the
conclusion of the ensuing Annual General Meeting and are eligible for
reappointment.
CORPORATE GOVERNANCE
Pursuant to Clause 49 of the Listing Agreements with the Stock
Exchanges, a Report on Corporate Governance with Auditor''s Certificate
on compliance of conditions of Corporate Governance with Auditor''s
Certificate on compliance of conditions of Corporate Governance and a
Management Discussion & Analysis Report have been attached to form part
of the Annual Report.
ACKNOWLEDGEMENT
The Directors wish to place on record their appreciation of the
dedication and excellent contribution made by all the concerned. The
Directors would like to thank the Suppliers and above all the
Shareholders and valued Customers for their continued support and
patronage.
(By order of the Board)
for CYBELE INDUSTRIES LIMITED
Place : Chennai P.A.JOYKUTTY
Date : 30.05.2014 Chairman
& Managing Director
Mar 31, 2012
The Directors hereby present the Nineteenth Annual Report together
with the Audited Accounts for the year ended 31st March, 2012
FINANCIAL RESULTS
2011-2012 2010-2011
(Rs. in Lakhs)
Profit before Interest and
Depreciation 710.41 840.73
Less : Interest 92.94 44.22
Profit before Depreciation 617.47 796.51
Less : Depreciation 52.62 36.36
564.85 760.15
Less : Preliminary exp.
written off 10.00 10.00
Net Profit carried to B/S 554.85 750.15
DIVIDEND
The Board of Directors could not recommend any dividend due to future
expansion activities of the Company.
OPERATIONS
During the year under review, the Company has taken steps to improve
the operations of the Company. The Company achieved a revenue of
Rs.17.91 Crores and net profit of Rs.5.55 crores. The Directors are
taking all the steps to improve the performance of the Company in the
years to come.
PERSONNEL
No employee was in receipt of remuneration in excess of the limits
specified under Section 217(2A) of the Companies Act, 1956.
ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE
Information pursuant to Section 217(1) (e) of the Companies Act,1956
read with the Companies (Disclosure of particulars in the Report of
Board of Directors) Rules, 1988 is furnished in theAnnexure.
DIRECTORS
Mr. George Baby George retires at the ensuing Annual General Meeting
and offers himself being reappointed as Director.
DIRECTOR'S RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956 with respect to Director's Responsibility Statement, it is
hereby confirmed that :
(i) in preparation of the annual accounts for the financial year ended
31st March, 2012, the applicable accounting standards had been followed
along with proper explanation relating to material departures;
(ii) the directors had selected such accounting policies and applied
them consistently and 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 at the end of the financial year and of the profit or
loss of the company for the year under review;
(iii) the directors had taken proper and sufficient care 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) the directors had prepared the accounts for the financial year
ended 31st March, 2012 on a Ãgoing concern' basis.
AUDITORS
M/s. Karpagam & Co., the Auditors of the Company retire at the
conclusion of the ensuing Annual General Meeting and are eligible for
reappointment.
CORPORATE GOVERNANCE
Pursuant to Clause 49 of the Listing Agreements with the Stock
Exchanges, a Report on Corporate Governance with Auditor's Certificate
on compliance of conditions of Corporate Governance with Auditor's
Certificate on compliance of conditions of Corporate Governance and a
Management Discussion & Analysis Report have been attached to form part
of the Annual Report.
ACKNOWLEDGEMENT
The Directors wish to place on record their appreciation of the
dedication and excellent contribution made by all the concerned. The
Directors would like to thank the Suppliers and above all the
Shareholders and valued Customers for their continued support and
patronage.
(By order of the Board)
for CYBELE INDUSTRIES LIMITED
Place : Chennai P.A.JOYKUTTY
Date : 26.05.2012 Chairman
& Managing Director
Mar 31, 2011
Dear Members,
The Directors hereby present the Eighteenth Annual Report together
with the Audited Accounts for the year ended 31st March, 2011
FINANCIAL RESULTS
2010-2011 2009-2010
( Rs. in Lakhs)
Profit before Interest and
Depreciation 840.73 906.15
Less : Interest 44.22 0.00
Profit before Depreciation 796.51 906.15
Less : Depreciation 36.36 22.39
760.15 883.76
Less : Preliminary exp.
written off 10.00 3.50
Net Profit carried to B/S 750.15 880.26
DIVIDEND
The Board of Directors could not recommend any dividend due to future
expansion activities of the Company.
OPERATIONS
During the year under review, the Company has taken steps to improve
the operations of the Company. Now the Company has come out of the BIFR
purview. Directors are taking all the steps to improve the performance
of the Company in the years to come.
MERGER
As per the BIFR rehabilitation scheme, M/s. Asia Cables has merged with
your Company. The partners of M/s. Asia Cables were allotted 56,75,500
equity shares of Rs.10 each. Consequently the issued capital of the
Company has increased from Rs.5.02 crores to Rs.10.69 crores.
PERSONNEL
No employee was in receipt of remuneration in excess of the limits
specified under Section 217(2A) of the Companies Act,1956.
ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE
Information pursuant to Section 217(1) (e) of the Companies Act,1956
read with the Companies (Disclosure of particulars in the Report of
Board of Directors) Rules, 1988 is furnished in the Annexure.
DIRECTORS
Mrs. Annamma Joy is appointed as Joint Managing Director for a period
of five years with effect from 30th April, 2011.
DIRECTOR'S RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956 with respect to Director's Responsibility Statement, it is
hereby confirmed that :
(i) in preparation of the annual accounts for the financial year ended
31st March, 2011, the applicable accounting standards had been followed
along with proper explanation relating to material departures;
(ii) the directors had selected such accounting policies and applied
them consistently and 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 at the end of the financial year and of the profit or
loss of the company for the year under review;
(iii) the directors had taken proper and sufficient care 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) the directors had prepared the accounts for the financial year
ended 31st March, 2011 on a Ãgoing concern' basis.
AUDITORS
M/s. Karpagam & Co., the Auditors of the Company retire at the
conclusion of the ensuing Annual
General Meeting and are eligible for reappointment.
CORPORATE GOVERNANCE
Pursuant to Clause 49 of the Listing Agreements with the Stock
Exchanges, a Report on Corporate Governance with Auditor's Certificate
on compliance of conditions of Corporate Governance with Auditor's
Certificate on compliance of conditions of Corporate Governance and a
Management Discussion & Analysis Report have been attached to form part
of the Annual Report.
ACKNOWLEDGEMENT
The Directors wish to place on record their appreciation of the
dedication and excellent contribution made by all the concerned. The
Directors would like to thank the Suppliers and above all the
Shareholders and valued Customers for their continued support and
patronage.
(By Order of the Board)
for CYBELE INDUSTRIES LIMITED
P.A. JOYKUTTY
Chairman &
Managing Director
Place : Chennai
Date : 30.07.2011
Mar 31, 2010
The Directors hereby present the Seventeenth Annual Report together
with the Audited Accounts for the year ended 31st March, 2010
FINANCIAL RESULTS
2009-2010 2008-2009
( Rs. in Lakhs)
Profit before Interest
and Depreciation 906.15 (18.19)
Less : Interest 0.00 0.00
Profit before Depreciation 906.15 (18.19)
Less : Depreciation 22.39 22.88
883.76 (41.07)
Less : Preliminary
exp. written off 3.50 3.50
Net Profit carried to B/S 880.26 (44.57)
DIVIDEND
In view of accumulated losses, the Board of Directors could not
recommend any dividend.
OPERATIONS
During the year under review, the Company is taking steps to recommence
the activities as per the rehabilitation scheme approved by BIFR.
Directors are taking all the steps to improve the performance of the
Company in the years to come.
The Company has allotted 5675500 equity shares of Rs.10/- each to the
Partners of Asia Cables on 30th April, 2010 by taking over the assets
and liabilities of Asia Cables as per the BIFR order.
PERSONNEL
No employee was in receipt of remuneration in excess of the limits
specified under Section 217(2A) of the Companies Act, 1956.
ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE
Information pursuant to Section 217(1) (e) of the Companies Act,1956
read with the Companies (Disclosure of particulars in the Report of
Board of Directors) Rules, 1988 is furnished in the Annexure.
DIRECTORS
Mr. George P Joy has resigned from the Board of Directors of your
Company with effect from 20th June, 2010. The Board wishes to place on
record the services rendered by him during his tenure.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956 with respect to Directors Responsibility Statement, it is
hereby confirmed that :
(i) in preparation of the annual accounts for the financial year ended
31st March, 2010, the applicable accounting standards had been followed
along with proper explanation relating to material departures;
(ii) the directors had selected such accounting policies and applied
them consistently and 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 at the end of the financial year and of the profit or
loss of the company for the year under review;
(iii) the directors had taken proper and sufficient care 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) the directors had prepared the accounts for the financial year
ended 31st March, 2010 on a going concern basis.
AUDITORS
M/s. Karpagam & Co., the Auditors of the Company retire at the
conclusion of the ensuing Annual General Meeting and are eligible for
reappointment.
CORPORATE GOVERNANCE
Pursuant to Clause 49 of the Listing Agreements with the Stock
Exchanges, a Report on Corporate Governance with Auditors Certificate
on compliance of conditions of Corporate
Governance with Auditors Certificate on compliance of conditions of
Corporate Governance and a Management Discussion & Analysis Report have
been attached to form part of the Annual Report.
ACKNOWLEDGEMENT
The Directors wish to place on record their appreciation of the
dedication and excellent contribution made by all the concerned. The
Directors would like to thank the Suppliers and above all the
Shareholders and valued Customers for their continued support and
patronage.
(By order of the Board)
for CYBELE INDUSTRIES LIMITED
Place : Chennai P.A.JOYKUTTY
Date : 31.07.2010 Chairman &
Managing Director