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Atul Ltd | Annual Report 2011-12
Listing
The Company has paid the annual listing fees for the year
2012-13 to Bombay Stock Exchange Ltd and National Stock
Exchange of India Ltd.
Fixed Deposits
Fixed deposits amounting to
`
0.17 cr as on March 31,
2012 were not claimed by the depositors. The fixed deposits
which matured on or before March 31, 2005, 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.
Conservation of Energy, Technology Absorption,
Foreign Exchange Earnings & Outgo and
Employees
Information required under Section 217(1)(e) of the Companies
Act, 1956, read with Rule 2 of the Companies (Disclosure of
Particulars in the Report of the Board of Directors) Rules, 1988
and information as per Section 217(2A) of the Companies
Act, 1956, read with the Companies (Particulars of Employees)
Rules,1975, as amended from time to time, forms a part of
this Report. However, as per the provisions of Section 219(1)
(b)(iv), the Report and Accounts are being sent to all the
Members excluding the information relating to conservation
of energy, technology absorption, foreign exchange earnings
& outgo and the statement of particulars of employees. Any
Member interested in obtaining such particulars may inspect
the same at the registered office of the Company or write to
the Company Secretary for a copy.
Subsidiary Companies
The Company has nine subsidiary companies namely, Atul
Rajasthan Date Palms Ltd, DPD Ltd, Atul Bioscience Ltd, Atul
USA Inc, Atul Europe Ltd, Atul Deutschland GmbH, Atul China Ltd,
Atul Brasil Quimicos Ltda and Ameer Trading Corporation Ltd.
Pursuant to the general exemption granted by the Central
Government, details as provided under Section 212(1) of the
Companies Act, 1956 in respect of the subsidiary companies
are not attached. However, the Investors may seek the copies
of the Annual Reports and related detailed information of the
subsidiary companies by writing to the Company Secretary at
the registered office.
Directors’ Responsibility Statement
Pursuant to Section 217(2AA) of the Companies Act, 1956,
the Directors confirm that to the best of their knowledge and
belief:
(i) In the preparation of the annual accounts, the applicable
Accounting Standards were followed
(ii) Such Accounting Policies were selected and applied
consistently and such judgements and estimates were
made that were reasonable and prudent so as to give a
true and fair view of the state of affairs of the Company
as on March 31, 2012 and of the profit of the Company
for the year ended on that date
(iii) Proper and sufficient care was taken to maintain 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 attached annual accounts for the year ended March
31, 2012 were prepared on a going concern basis.
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 2012-13,
if reappointed.
The relevant notes forming a part of the accounts are self
explanatory and give full information and explanation in
respect of the observations made by the Auditors in their
Report.
Acknowledgements
The Board of Directors expresses its sincere thanks to all the
customers, employees, investors, lenders, suppliers, regulatory
and Government authorities and the Stock Exchanges for their
continuing support.
For and on behalf of the
Board of Directors
Mumbai
Sunil S Lalbhai
May 15, 2012
Chairman & Managing Director