Atul-2012-13

Atul Ltd | Annual Report 2012-13

Insurance

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Fixed Deposits

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0.06 cr as on March 31,

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which matured on or before March 31, 2006, but remained

outstanding since then were transferred to the Investor

Education and Protection Fund as required under Section 205

C of the Companies Act, 1956.

Subsidiary Companies

The Company has nine subsidiary companies namely, Atul

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Ltd, Atul Brasil Quimicos Ltda and Ameer Trading Corporation

Ltd.

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Companies Act, 1956 in respect of the subsidiary companies

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of the Annual Reports and related detailed information of the

subsidiary companies by writing to the Company Secretary at

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Directors’ Responsibility Statement

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belief:

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applicable Accounting Standards were followed

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made that were reasonable and prudent so as to

give a true and fair view of the state of affairs of the

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the Company for the year ended on that date

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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

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March 31, 2013 were prepared on a going concern

basis.

Directors

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January 18, 2013. The Board places on record its appreciation

for his valuable contribution as a Director.

According to Article 134 of the Articles of Association of the

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retire by rotation and being eligible offer themselves for

reappointment at the forthcoming Annual General Meeting

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The term of Mr Shah as an Additional Director ceases in the

ensuing AGM. Accordingly, his reappointment as a Director is

proposed in the AGM Notice.

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proposed in the AGM Notice.

Auditors

Dalal & Shah, the Statutory Auditors of the Company, will

retire at the conclusion of the ensuing AGM. They have given

their consent to continue to act as the Auditors for 2013-14,

if reappointed.

The relevant notes forming a part of the accounts are self

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respect of the observations made by the Auditors in their

Report.

The Board appointed R Nanabhoy & Co as the Cost Auditors

for 2013-14 on May 07, 2013.

Acknowledgements

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employees, investors, lenders, suppliers, regulatory and

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continuing support.

For and on behalf of

the Board of Directors

Mumbai

Sunil S Lalbhai

May 07, 2013

Chairman and Managing Director