Mar 31, 2014
Dear Members,
The Directors have pleasure in presenting Annual Report together with
the Audited Accounts of the Company for the year ended 31st March,
2014.
1. FINANCIAL RESULTS
Your Company financial performance during the year 2013-14 is
summarized below:
(Rs. In Lacs)
Particulars 2013-2014 2012-2013
Profit/(Loss) Before Depreciation (5.86) (5.32)
Less: Depreciation - -
Profit/(Loss) Before Tax (5.86) (5.32)
Less: Taxation - -
Profit/(Loss) After Tax (5.86) (5.32)
2. OPERATIONS
The Company''s Net Loss for the Financial Year ended March 31, 2014
stood at Rs. 5.86 lacs as against Rs.5.32 lacs in the previous year.
3. DIVIDEND
The Board of Directors express their inability to recommend any
dividend on equity shares for the year ended March 31, 2014 due to
absence of profit.
4. PUBLIC DEPOSITS
During the year, the Company has not accepted any deposit.
5. AUDITORS
M/s. D M Oza & Associates, Chartered Accountants, Mumbai, Statutory
Auditors of the Company retire at the conclusion of the ensuing Annual
General Meeting and being eligible, offer themselves for
re-appointment. The Company has received confirmation that their
appointment, if made, would be within the prescribed limit specified
under relevant sections of the Companies Act and that they are not
disqualified for such appointment. Your Directors recommend
re-appointment of M/s. D M Oza & Associates as the Statutory Auditors
of the Company for the current financial year and fixation of their
remuneration.
6. AUDITORS'' REPORT
The Auditors'' Report on the financial statement for the current year is
self-explanatory, therefore does not require any further explanation.
7. DIRECTORS
In accordance with the Companies Act, the director liable to retire by
rotation at the ensuring Annual General Meeting, retires by rotation
and being eligible offer itself for re-appointment.
8. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE
EARNINGS AND OUTGO
A statement containing the necessary information required under the
Companies (Disclosure of Particulars in the Report of Board of
Directors) Rules, 1988 is annexed to this report.
9. PARTICULARS OF EMPLOYEES
The Company does not have any employee who is in receipt of
remuneration aggregating to the sum prescribed u/s. 217 (2A) of the
Companies Act, 1956 read with the Companies (Particulars of Employees)
Rules, 1975 as amended till date.
10. DIRECTORS'' RESPONSIBILITY STATEMENT
Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956,
your Directors hereby state and confirm that:
(i) In preparation of the Annual Accounts, the applicable Accounting
Standards have been followed along with proper explanation relating to
material departures, if any
(ii) They have selected the accounting policies and applied them
consistently and made judgments 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 under review and for the
loss of the Company for the same period.
(iii) They have 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) They have prepared the Annual Accounts on "GOING CONCERN" basis.
11. CORPORATE GOVERNANCE
Pursuant to Clause 49 of the Listing Agreement the Company has adopted
most of the provisions of Clause 49 of the Listing agreement. A report
on Corporate Governance along with a certificate from the Auditors of
the Company regarding the compliance of conditions of Corporate
Governance and also the Management Discussion and Analysis Report are
annexed to this report.
12. ACKNOWLEDGEMENTS
Your Directors takes opportunity to show gratitude towards the
assistance and co-operation received from Shareholders.
For and on Behalf of the Board of Directors of
RUBRA MEDICAMENTS LIMITED
Place: Hyderabad
Date: September 02, 2014 Director Director
Mar 31, 2013
Dear Members,
The Directors have pleasure in presenting the 22nd Annual Report
together with the Audited Accounts of the Company for the year ended
31st March, 2013.
1. FINANCIAL RESULTS
Your Company financial performance during the year 2012-13 is
summarized below:
(Rs. In Lacs)
Particulars 2012-2013 2011-2012
Profit/(Loss) Before Depreciation (5.32) (6.22)
Less: Depreciation
Profit/(Loss) Before Tax (5.32) (6.22)
Less: Taxation
Profit/(Loss) After Tax (5.32) (6.22)
2. OPERATIONS
The Company''s Net Loss for the Financial Year ended March 31, 2013
stood at Rs.5.32 lacs as against Rs.6.22 lacs in the previous year.
3. DIVIDEND
The Board of Directors express their inability to recommend any
dividend on equity shares for the year ended March 31, 2013 due to
absence of profit.
4. PUBLIC DEPOSITS
During the year, the Company has not accepted any deposit u/s. 58A of
the Companies Act, 1956.
5. AUDITORS
M/s. D M Oza & Associates., Chartered Accountants, Mumbai, Statutory
Auditors of the Company retire at the conclusion of the ensuing Annual
General Meeting and being eligible, offer themselves for
re-appointment. The Company has received confirmation that their
appointment, if made, would be within the prescribed limit specified
u/s. 224(1B) of the Companies Act, 1956 and that they are not
disqualified for such appointment within the meaning of Section 226 of
the Companies Act, 1956. Your Directors recommend re-appointment of
M/s. D M Oza & Associates as the Statutory Auditors of the Company for
the current financial year and fixation of their remuneration.
6. AUDITORS'' REPORT
The Auditors'' Report on the financial statement for the current year is
self-explanatory, therefore does not require any further explanation.
7. DIRECTORS
In accordance with the Companies Act, 1956, the director liable to
retire by rotation at the ensuring Annual General Meeting, retires by
rotation and being eligible offer itself for re-appointment.
8. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE
EARNINGS AND OUTGO
A statement containing the necessary information required under the
Companies (Disclosure of Particulars in the Report of Board of
Directors) Rules, 1988 is annexed to this report as Annex 1.
9. PARTICULARS OF EMPLOYEES
The Company does not have any employee who is in receipt of
remuneration aggregating to the sum prescribed u/s. 217 (2A) of the
Companies Act, 1956 read with the Companies (Particulars of Employees)
Rules, 1975 as amended till date.
10. DIRECTORS'' RESPONSIBILITY STATEMENT
Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956,
your Directors hereby state and confirm that:
(i) In preparation of the Annual Accounts, the applicable Accounting
Standards have been followed along with proper explanation relating to
material departures, if any
(ii) They have selected the accounting policies and applied them
consistently and made judgments 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 under review and for the
loss of the Company for the same period. (iii) They have 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) They have prepared the Annual
Accounts on "GOING CONCERNÂ basis.
11. CORPORATE GOVERNANCE
Pursuant to Clause 49 of the Listing Agreement the Company has adopted
most of the provisions of Clause 49 of the Listing agreement. A report
on Corporate Governance along with a certificate from the Auditors of
the Company regarding the compliance of conditions of Corporate
Governance and also the Management Discussion and Analysis Report are
annexed to this report.
12. ACKNOWLEDGEMENTS
Your Directors takes opportunity to show gratitude towards the
assistance and co-operation received from Banks and other Agencies and
Shareholders resulting in good performance during the year under
review.
Your Directors also wish to place on record their deep sense of
appreciation for the dedicated services rendered by Executives, staff
and workers of the Company.
For and on Behalf of the Board of Directors of
RUBRA MEDICAMENTS LIMITED
Place: Hyderabad
Date: September
02, 2013 Director Director
Mar 31, 2012
Dear Members,
The Directors have pleasure in presenting the 21st Annual Report
together with the Audited Accounts of the Company for the year ended
31st March, 2012.
1. FINANCIAL RESULTS
Your Company financial performance during the year 2011-12 is
summarized below:
(Rs. In Lacs)
Particulars 2011-2012 2010-2011
Profit/(Loss) Before Depreciation (6.22) (16.88)
Less: Depreciation - -
Profit/(Loss) Before Tax (6.22) (16.88)
Less: Taxation - -
Profit/(Loss) After Tax (6.22) (16.88)
2. OPERATIONS
The Company''s Net Loss for the Financial Year ended March 31, 2012
stood at Rs.6.22 lacs as against Rs.16.88 lacs in the previous year.
3. DIVIDEND
The Board of Directors express their inability to recommend any
dividend on equity shares for the year ended March 31, 2012 due to
absence of profit.
4. PUBLIC DEPOSITS
During the year, the Company has not accepted any deposit u/s. 58A of
the Companies Act, 1956.
5. AUDITORS
M/s. D M Oza & Associates., Chartered Accountants, Mumbai, Statutory
Auditors of the Company retire at the conclusion of the ensuing Annual
General Meeting and being eligible, offer themselves for
re-appointment. The Company has received confirmation that their
appointment, if made, would be within the prescribed limit specified
u/s. 224(1B) of the Companies Act, 1956 and that they are not
disqualified for such appointment within the meaning of Section 226 of
the Companies Act, 1956. Your Directors recommend re-appointment of
M/s. D M Oza & Associates as the Statutory Auditors of the Company for
the current financial year and fixation of their remuneration.
6. AUDITORS'' REPORT
The Auditors'' Report on the financial statement for the current year
is self-explanatory, therefore does not require any further
explanation.
7. DIRECTORS
In accordance with the Companies Act, 1956, the director liable to
retire by rotation at the ensuring Annual General Meeting, retires by
rotation and being eligible offer itself for re-appointment.
8. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE
EARNINGS AND OUTGO
A statement containing the necessary information required under the
Companies (Disclosure of Particulars in the Report of Board of
Directors) Rules, 1988 is annexed to this report as Annex 1.
9. PARTICULARS OF EMPLOYEES
The Company does not have any employee who is in receipt of
remuneration aggregating to the sum prescribed u/s. 217 (2A) of the
Companies Act, 1956 read with the Companies (Particulars of Employees)
Rules, 1975 as amended till date.
10. DIRECTORS'' RESPONSIBILITY STATEMENT
Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956,
your Directors hereby state and confirm that:
(i) In preparation of the Annual Accounts, the applicable Accounting
Standards have been followed along with proper explanation relating to
material departures, if any
(ii) They have selected the accounting policies and applied them
consistently and made judgments 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 under review and for the
loss of the Company for the same period.
(iii) They have 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) They have prepared the Annual Accounts on "GOING CONCERN"
basis.
11. CORPORATE GOVERNANCE
Pursuant to Clause 49 of the Listing Agreement the Company has adopted
most of the provisions of Clause 49 of the Listing agreement. A report
on Corporate Governance along with a certificate from the Auditors of
the Company regarding the compliance of conditions of Corporate
Governance and also the Management Discussion and Analysis Report are
annexed to this report.
12. ACKNOWLEDGEMENTS
Your Directors takes opportunity to show gratitude towards the
assistance and co-operation received from Banks and other Agencies and
Shareholders resulting in good performance during the year under
review.
Your Directors also wish to place on record their deep sense of
appreciation for the dedicated services rendered by Executives, staff
and workers of the Company.
For and on Behalf of the Board of Directors of
RUBRA MEDICAMENTS LIMITED
Place: Hyderabad
Date: September 01, 2012 Director Director
Mar 31, 2011
Dear Members,
The Directors have pleasure in presenting the 20th Annual Report
together with the Audited Accounts of the Company for the year ended
31st March, 2011.
1. FINANCIAL RESULTS
Your Company financial performance during the year 2010-11 is
summarized below:
(Rs. In Lacs)
Particulars 2010-2011 2009-2010
Profit Before Depreciation (16.88) (26.19)
Less: Depreciation - 5.23
Profit Before Tax (16.88) (31.42)
Less: Taxation - 1.61
Profit After Tax (16.88) (33.04)
2. OPERATIONS
The Company''s revenue for the financial year ended March 31, 2011
stood at Rs. 0.42 lacs as compared to Rs. 88.94 lacs in the previous
year and Net Loss for the Financial Year ended March 31, 2011 stood at
Rs.16.88 lacs as against Rs.33.04 lacs in the previous year.
3. DIVIDEND
The Board of Directors express their inability to recommend any
dividend on equity shares for the year ended March 31, 2011 due to
absence of profit.
4. PUBLIC DEPOSITS
During the year, the Company has not accepted any deposit u/s. 58A of
the Companies Act, 1956.
5. AUDITORS
M/s. D M Oza & Associates., Chartered Accountants, Mumbai, Statutory
Auditors of the Company retire at the conclusion of the ensuing Annual
General Meeting and being eligible, offer themselves for
re-appointment. The Company has received confirmation that their
appointment, if made, would be within the prescribed limit specified
u/s. 224(1B) of the Companies Act, 1956 and that they are not
disqualified for such appointment within the meaning of Section 226 of
the Companies Act, 1956.
Your Directors recommend re-appointment of M/s. D M Oza & Associates as
the Statutory Auditors of the Company for the current financial year
and fixation of their remuneration.
6. AUDITORS'' REPORT
The Auditors'' Report on the financial statement for the current year
is self-explanatory, therefore does not require any further
explanation.
7. DIRECTORS
In accordance with the Companies Act, 1956, the director liable to
retire by rotation at the ensuring Annual General Meeting, retires by
rotation and being eligible offer itself for re-appointment.
8. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE
EARNINGS AND OUTGO
A statement containing the necessary information required under the
Companies (Disclosure of Particulars in the Report of Board of
Directors) Rules, 1988 is annexed to this report as Annex 1.
9. PARTICULARS OF EMPLOYEES
The Company does not have any employee who is in receipt of
remuneration aggregating to the sum prescribed u/s. 217 (2A) of the
Companies Act, 1956 read with the Companies (Particulars of Employees)
Rules, 1975 as amended till date.
10. DIRECTORS'' RESPONSIBILITY STATEMENT
Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956,
your Directors hereby state and confirm that:
(i) In preparation of the Annual Accounts, the applicable Accounting
Standards have been followed along with proper explanation relating to
material departures, if any
(ii) They have selected the accounting policies and applied them
consistently and made judgments 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 under review and for the
loss of the Company for the same period.
(iii) They have 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) They have prepared the Annual Accounts on "GOING CONCERN"
basis.
11. CORPORATE GOVERNANCE
Pursuant to Clause 49 of the Listing Agreement the Company has adopted
most of the provisions of Clause 49 of the Listing agreement. A report
on Corporate Governance along with a certificate from the Auditors of
the Company regarding the compliance of conditions of Corporate
Governance and also the Management Discussion and Analysis Report are
annexed to this report.
12. ACKNOWLEDGEMENTS
Your Directors takes opportunity to show gratitude towards the
assistance and co-operation received from Banks and other Agencies and
Shareholders resulting in good performance during the year under
review.
Your Directors also wish to place on record their deep sense of
appreciation for the dedicated services rendered by Executives, staff
and workers of the Company.
For and on Behalf of the Board of Directors of
RUBRA MEDICAMENTS LIMITED
Place: Hyderabad
Date: September 01, 2011 Director Director
Mar 31, 2010
The Directors have pleasure in presenting the 19th Annual Report on
the business and operations of your Company for the financial year
ended on 31st March, 2010.
FINANCIAL RESULTS
(Rs. in Lakhs)
Particulars Year ended 31.03.2010 Year ended 31.03.2009
Total Income 88.94 102.09
Profit / (Loss) before
depreciation, interest and tax -26.19 (2.97)
Depreciation 5.23 5.22
Interest Nil Nil
Net Profit / (Loss) Before
Tax for the year -31.42 (8.19)
Fringe Benefit Tax Nil 0.22
Net Profit / (Loss) after Tax -31.42 (8.41)
OPERATIONAL PERFORMANCE
During the year under review, your Company has registered turnover of
Rs. 88.94 Lakhs as against Rs. 102.09 Lakhs for the previous year
registering a decrease of Rs. 13.15 Lakhs. The company ended with a Net
Loss of Rs. 31.42 Lakhs as against a loss of Rs. 8.41 Lakhs for the
previous Year. This was due to decrease in the turnover coupled with
raise in the cost of raw materials and the personnel.
FUTURE PROSPECTS
This is year the Company has ended up with a loss. Board of Directors
feels that the scenario may not improve as the ongoing recession has
put pressure on margins of the Company. The Company is looking for
alternative avenues to take up.
Pursuant to the resolution passed by the members of the Company under
Section 192A and 293(l)(a) of the Companies Act, 1956 on July 02, 2009
by way of Postal Ballot, the Company has sold its Business with assets
& liabilities including manufacturing facilities located at 109/3, IDA
Phase II, Sector II, Lane 6, Cherlapally, R.R. Dist, Hyderabad -
500051, Andhra Pradesh to M/s. Rubra Pharmaceuticals Limited, a Company
registered under the Companies Act, 1956 and having its registered
office at 4-3-64/3, Raghunath Bagh, Kandaswamy Lane, Sultan Bazar,
Hyderabad, Andhra Pradesh.
INDUSTRIAL RELATIONS
The Industrial and personnel relations have been cordial during the
year.
DIVIDEND
The Board of Directors expresses their inability to recommend dividend
for the financial year 2009-2010 due to absence of profit.
FIXED DEPOSITS
The Company has not accepted any deposits during the year within the
meaning of Section 58 A of the Companies Act, 1956 and the rules made
there under. So the provisions of Section 58A are not applicable to the
Company.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, your Directors hereby confirm that:
(i) In the preparation of the annual accounts for the financial year
ended 31st March, 2010, the applicable accounting standards have been
followed along with proper explanation relating to material departures.
(ii) the directors have selected such accounting policies and applied
them consistently and made judgments and estimates that were reasonable
and prudent so as to give a true and fair view of the state Of affairs
of the Company as on 31st March 2010 and of the Loss of the Company for
the year ended on 31st March 2010.
(iii) The directors have 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 have prepared the annual accounts for the financial
year ended on 31st March. 2010 on a going concern basis.
DIRECTORS
Mr. Sushant Mohanlal, Director retires by rotation at the ensuing
Annual General Meeting and being eligible, offers himself for
re-appointment. Board of Directors recommends his re- appointment.
AUDITORS
The Auditors M/s. MRK Reddy & Co., Chartered Accountants will retire at
the conclusion of the forthcoming Annual General Meeting and are
eligible for re-appointment. The Company has received a letter to the
effect that their appointment, if made, would be within the prescribed
limits under Section 224(1-B) of the Companies Act, 1956.
PARTICULARS OF EMPLOYEES
There are no employees whose particulars are required to be given under
Section 217 (2A) of the Companies Act, 1956, read with the
Companies(Particulars of Employees) Rules, 1975(As Amended).
INFORMATION PURSUANT TO THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE
REPORT OF THE BOARD OF DIRECTORS) RULES, 1988.
CORPORATE GOVERNANCE
Pursuant to the provisions of Clause 49 of the Listing Agreement and
Section 292A of the Companies Act, 1956, a report on the Corporate
Governance, which inter alia, includes the composition and construction
of Audit Committee, is given as Annexure-II. Your Company will continue
to adhere in letter and spirit to the good corporate governance
policies.
Pursuant to the provision of Clause 49 (VII) (1) of the Listing
Agreement, a certificate from the auditors of the Company on the
compliance of the Clause is also enclosed.
CEO Declaration
Pursuant to the provisions of Clause 49(i) (D) (ii) of the Listing
Agreement, a declaration by the Chairman and Managing Director of the
Company declaring that all the members of the Board and the Senior
Personnel of the Company have affirmed compliance with the Code of
Conduct of the Company is enclosed.
ACKNOWLEDGMENTS
Your directors acknowledge the sincere efforts and hard work put in by
the employees of the Company in its operations. The directors also wish
to place on record their appreciation for the assistance and
co-operation extended by customers, employees, shareholders, and all
other business associates.
For and on behalf of the Board of Directors
of Rubra Medicaments Limited
Sd/-
Place: Hyderabad Vishnu Kumar Gupta
Date: 7th May 2010 Chairman
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