club emerald · created date: 2/11/2011 3:35:37 pm
TRANSCRIPT
ANNUAL REPORT
2009-20t0
APTE AMALGAMATIONSLIMITED
APTE AMALGAMATIONS LIMITED
Directors :
Shri Vaman M. Apte
Shri Madhav L. Apte
Shri. Rajesh M. Loya
Shri. Jashwant B. Mehta
Shri. Chetan J.Mehta
Shri. Maneesh Taparia
Shri. Vivek K. Sant
Auditors :
M/s P, G. Bhagwat, Pune
Chartered Accountants
Chairman
Director
Director
Director
Director
Director
Company Secretary
Registered Otfice :
14 A The Club, Near Mangal Anand Hospital,
Swastik Park, Chembur, Mumbai 400 071,
Tel : 022- 2524 0491 t 25250211 Fax : 022- 2526 0212
Email : [email protected]
APTE AMALGAMATIONS LIMITEDNOTICE
NOTICE is hereby given hathe T6sAnnuat ceneral Meeting ofAPTEAMALGAMATIONS LIMITED will be held at 14A, The Club, Near Mangal
"...JHrip'hf,5i"rtitpa*, Chemuui, iilumuai +ooozt 6n fricay, 17hSeptember2010 at9:00 am totansactthefollowing business:
I. ORDIMFYBUSINESS:
1) To receive, consider and adoptthe Directors'&Auditois Repoil andAudited Profit & LossAccountlorthe yeil end€d 31st March' 201 0
and Balance Sheet as at that date together with .notes thereon'
a To appoint M/s P G. Bhagwat, charteredAccountants as the auditors and to fixtheil remuneration'
Q To appoint director in place ol Mr. VamanApte, who retires by rotation and being eligible, ollers himseltlor reappointment'
+i To appoint director in place ol Mr. MadhavApte, who;etires by rotation and being eligible, offels himsell for reappointment'
II. SPECIAL BUSINESS BY ORDINARY RESOLUTION:
g ' ro **iarr.nd, if thqught fit, to pass with or without modification(s) il any, the lollowing as an ordinary resolution
' "RESOLVEDTHAT Mr. Jashwant B. Mehta, rvho was appointed as an additional direcloroftfre C,ompanybythe Board otdircc'tors wifi
effect from August I e, ZOf O and wfro cear"r to noU otiiir upto the date ol the fonhcoming Annual General Meeting of the Company
. undersec'tion 2Oo of ru companiei nct, iS56.nd in rop..t6twfrom ttre Companyhas received a notice in writing from a memberunder
Section 257 of the Companies nci f gSS proposing hiscandidature lor the ofiice ot direc{ors, be and is hereby elec{ed and appointed
as direclor of the ComPanY.'
6) To considerand, il thought fit, to pass with orwithout modification(s) it arry, lhe following_as an ordinary resolution
"RESOLVED THAT Mr. Chetan J. Mehta, who was appginted as an additional director ol the company by the Board of dilectols with
effeafromAugust12,ZO1Oandwfroceai,csioholdoffrceuptothedateoftheforthcomingAnnualGeneralMeeting oltheCompany
under section 260 of tr. Corprnio na, ig56 .nO in r.rp*t dt n*rr te Company has received a notice in wrfing from a member under
Section 257 ol rhe Companies na, i giO propos-ing hiicandidature lor the otfice ol direclors, be and is hereby elected and appointed
as director of the ComPanY.'
7) To oonsider and, ifthought fit, to pass with orwithout modification(s) itany, the tollowing as an ordinary tesolution
"RESOLVED THAT Mr. Rajesh Loya, who was appointed as an additional direclor ol the Comqany by.t!9 Board of direc'tors with efiec{
f.rlugr.tlz,iOfo.nO'i+'o..irdrtonoldolfiieuptottredateofthelorthcomingAnnual'GeneralMeeting oltheCompanyunder
section 260 ol the companies nct, i gso ana in respect ol whom the company has r_eceived a notice in writing from a member under
Section 257 of the Co*p.nir. nd, igiO proposing his candidaturelorthe ollice ol directors, be and is hereby elected and appointed
as director of the ComPanY.'
q Toconsiderand, ilthoughtfit, to pass with orwithoul modification(s) ilany, the tollowing as anordinary resolution
"BESOLVED THAT Mr. Maneesh Taparia, who was appointed as an additional dhector ol the Company by the Board of directors with
effea trom nugust t Z, zofO anJwnoleaJe;to hold otiice upto the date ofthe forthcoming Annual GeneralMeeting otthe Company
under section 260 of thr Corp.ni.r n r, igSO anA in resped dt wtrom he Company has received a nolice in writing lrom a member under
Section 2s7 olthe Corp.ni.. la, i5# proporing hiscandidature forthe olfice of dhectors, be and is hereby elected and appointed
as director of the ComPanY.'
BY ORDER OF THE BOARD OF DIRECTORS
APTE AMALGAMATIONS LIMITED
Dat€: August 12,201 0
Place: Mumbai Chairman
Regisbred Office: '1 4A, The Club' Near Mangal anand Hospital,
Swastik Park, Chembur, Mumbai 400 071.
. fel:022-25260211 I 25240431 Fax: 25260212
Email- aptegroup @vsnl.com
Notes:1. AMEMBER ENTITLEDTOATTENDANDVOTEATTHE MEFI-ING IS ENTITLEDTOAPPOINTAPROXYTOATTENDAND VOTE'
iildiLatbF Htli,tsEiFnnoiHEpnoxyNEED NoTBEAMEMBER. pnoxY tN oRDERToBE EFFEcrlvE MUSTBE REoEIVED
BYTI-IE COMPANY NOTLESSTHAN 48 HOURS BEFORETHE MEETING.
2. The explanatory statement pursuant tot Section - 1 73 of the Companies Act, 1 956 in respect o{ he business under ltem no' 5 to I are
annexed hereto and forms part of this Notice,
g. Register of MembeF and share Transfer Book will remain closed from September 1 1 , 201 0 to September '1 7, 201 0 (botr days indusive)
4. All documents relened ro in the accompanytng nolico are open for inspection at he registered ofifice of the company on all working days'
exc€pt Saturdays, between 11.00 a.m' to 1.00 p.m'
5. Memberswhoare holding shares in identical orderolnames in inorethan one folio arelequestedtosend tolhe companylhedetails
of such folios togetherwm tne inare certincates for consolidating their holdings in one folio. The share certificates will be retumed to
lhe membeB after making requisite changes thereon'
APTE AMALGAMATIONS LI M ITED6. Members desirous of obtaining any information conceming accounts and operations of the Company aro €quested to addressheir
queslions in writing or by E-mail to he Company at least 7 days belore lhe date ot the Meeting so hat the inlomation rEuir€d may b€made available atthe Meeting.
Z MembeF are requested to note that the shares of the company are in physical forms only. The company has not demated he shares asil is not meeting he networth crileria prescribed by NSDL and CDSL fordematerialisatron & will mntinueto acceptall ttE.physical sharesc€rtifcates tendered fortrans{er through RTA
8. Members are requested to notty immediatelyanychange in heiraddressto tre ShareTrans{erAgenbwihtheirfdb numbels, CertificateNoetc. to
Sharex Dynamic (lndia) htt. Ltd,
17/B, Dena Bank Building, 2t floor, Homiman Circle, Fort, Mumbai400 001-
Iel022-22702485! 2&l 1376 fax2264 1349
Email - [email protected]
EXPLANATORY STATEMENTS
As required by Sec'tion 1 73 of the Companies Act, 1 956, the following Explanatory Statements set oul all matedal tac'ts relating to t\s businessmentioned under ltem no. 5 lo 8 of trhe accompanying Notice dated Augusl 1 2, 201 0
Item-5The Boardoldirectorsofthe Companyappointed Mr; Jashwant B. Mehh as additional dircc{orolhe Companyon A8usl 12,2010. ConEijeringthe likelyMurebenefitstohe Companyfromtheexperience and guidanceotMr. JastMant B. Mehta, Boardof Direclolsareotfieopinionthatit is in he benefit ol the Company that Jashwant B. Mehta conlinues on the Board ol the Company.
According to lhe provisions of section 260 of the Companies Act, 1 956, he holds otfice as dhector only upto th6 date ol the ensuing AnnualGeneral Meeting. As required by section 257 ol the Act, a notice has been received from member signilying his intenlion to propose theappointnent ot Mr. Jashwant B. Mehta, as director along with necessary deposit ot Rs. 500/- {Rupees Five Hundred only).
Yor Directors herelore recommend passing the resolution.
None of the Direstors except proposdd appointee is interested in the resolution at item no.s.
llem-6the Board of direclors oftre Company appointed Mr. Chetan Mehta as addilional directorofthe Company on Augus{ 12,2010. Consi{iering thelikely ltiture benefits to the Company from the experience and guidance ol Mr. Chetan Mehta, Board of Directors are ol the ophion that it is in
$e benefit ofthe Companythat Mr. Chetan Mehta continues on the Board ofthe Company.
Acmrding to the provisions of section 260 ofthe Companies Act, 1 956, he holds office as director only upto lhe date ol Ure ensuing AnnualGeneral Meeting. As required by section 257 of the Act, a notice has been received from member signitying his inlention to propose theappointmentol Mr. Chetan Mehta, as director along with necessary deposit of Rs.500l (Rupees Five Hundred only).
Yqlr Dircclorsherefore recommend passing the resolution.
None oflhe Direclors.except proposed appointee is interested in the resolution at item n0.6.
Item-7The Board of directon ol lhe Company appointed Mr. Rajesh Loya as additional director ot the Company on August 1 2, 201 0, Considering thelikelyfuture benefitsto the Company from the experience and guidance ot Mr. Rajesh Loya, Board ol Directors are ofthe opinion that it is in thobenefil of the Company hat Mr. R4esh Loya continues on the Board of the Company.
According to the provisions of section 260 of the Companies Act, I 956, he holds office as director only upto thb date of the ensuing AnnualGeneral Meeting. As required by section 257 0f the Act, a notice has been received lrom membersignilying his intention to propose theappointment ol Mr. Rajesh Loya, as director along with necessary deposit of Rs.500l (Rupees Five Hundred only).
Your Direc'tors herelore recommend passing the resolLJtion.
l,lone otfie Directors exceptproposed appointee is interested in the resolulion al item n0.7.
Item-8The Board ol dhectors ol tlrc Company appointed Mr. Maneesh Taparia as additional director of he Company on August 1 2, 201 0. Considering
the likely luture benefib to the Company ftom the expedence and guidance of Mr. Maneesh Taparia, Board ol Diredors are ol the opinion thatit is in the benefit ofthe Company that Mr. Maneesh Taparia continues on the Board ol the Company.
According to the provisions of section 260 of the Companies Aet, 1 956, he holds office as director only upto the date of lhe ensuing AnnualGeneral Meeting. As required by section 257 of the Act, a notice has been received from membersignilyino his intention to propose theappointment ot Mr. Maneesh Taparia, as director along with necessary deposit of Fs. 500/. (Rupees Five Hundred only). .
Your Direclo6 therefore recommend passing the resolution.
None olhe Directors except proposed appointee is interested in theresolution at item no.8.
APTE AMALGAMATIQNS LIMITED
DIRECTORS' REPORT
To: The Members,
Apte Arnalgamations Limited
The Dirccto|s have pleasure in presenting T6sAnnual Reporl of the company along with the audited statements ol Acclunts lorthe
linancial yearended March 31, 2010.
Financial Results (Rs. in lacs)
PARTICULARSr, r.
20G10F,Y,
2O(F{B1U2E. 2 I LCa
Tieiffind-iiure 117.41
Frofr iiEeiore-E andDepreaiatrorr t4+t.51 (39.14)
Less:----Depreciaiion
Nel Prolit before Taxation
0.20 0.32
746.31 . {JV.4CI
Less:Provision lor Taxation (Current) (1 30.00
Foti5ion ioaEaiion FBTI (0.20)
----Trovision ioi-ilation (Deie ned) rlr) 21.25
Nei?rofit afie-mation a.u5 fi8.40)
OPERATIONS FOR T}IE PERIOD:
The company undertookthe business oftrading in securities and renting out of the property'
FINANCIAL RESTRUCTURING:
Dudng theyearthecompany has byway of slum sale hived oll its undertaking and activities at Sakharwadi pursuantto the approval ofthe
memb'en of.the co.pariy vii pstai lattot. The management is contemplating various other measures to revive the operations ol the
Company.
INGOIIE TAX & SALES TAX:
lncome Tax assessments are completed upto the Assessment Year.2007-08, i.e. financial year dnded 31"' Malch 2007. There is no
demand, interest, penatty against anyolthe completed assessments
SalesTax assessments are completed and there are no demands pending forcompleted assessments. .
DIVIDEND
The Board discussed the matter relating to recommending dividend on the Equity Share Capital ofthe Company The Chairman intormed
the Boardthat in view otaccumulated loises and considering the necessity of conserving financial resources lorfulure growth and expan'
sion ofthe Company, itwould be prudent, notto recommend payment of dividend oir equrty share capital ofthe Company torthe financial
year ended St.it3.2'010. The Board alter discussion on the matter, decided not to recommend dividend on Equity Share Capital ol the
Company for the linancial year ended 31.03.2010:
LISTING ON BSE
Theshares olthecompanyare listed on the Bombay Stock Exchange Limited (Scrip code-507265).BSE had suspended the trading inthe
sharesotthe companywith elfectlrom 1Oth September,2001. The company has now complied with ListingAgreement and all the relevant
submissionswere madeto BsEforrevocation of suspension oftrading ofthe equity shares. BSE has revokedthe suspension oftrading of
]|iffi;f;IH13l."l*0,n. rn.,., u, it is not meetins the networth criteria prescribed by NSDLand cDSLtor dematerialisation &
will continue to accept all the physical shales certilicatestendered fortranslerthrough RTA.
REGISTRAR AND S}IARE TRANSFER AGENTS
The Company has appointed
Sharex Dynamic (lndia) Private Limited
(Registered officd 17l8, Dena Bank Building,
2d floor, Homiman Circle, Fon, Mumbai 400 001.
Tel | 022- 227 0 2485 I 2264 137 6
Fa\:2264 1349 Email - [email protected])
as shaies transler agents of the Company from January 27, 2010. Members are requested to write to them in luture fol any matters
pertaining to transfei / transmission/ iosi of shares / isiue of Duplicate Share Certificates as well as change ol address or any other
hatters cbnnected with the same.
4
APTE AMALGAMATIONS LI M ITEDtxRECTORS
ln acclrdance with the requirement ot the provisions ot section - 256(2) of the companiesAct, j 956 read with Article No. 160 ot theArticleof Associationof the Company Mr MadhavAple and Mr. VamanApte, Direc.torsolthe Companyrelire by rotation rtttr. fortfi;i;gA;n;diGeneral Meeting and_being eligible have ofiered themselves loi re- appointment. The Diritors recommend the reappointment of Mr.MadhavApte and Mr. Vaman Apte.
Pursuantlothe ptwisions ol Section - 260 olthe CompaniesAct,read withArticle- 139, Mr. Jashwant B. Mehta, Mr. Chetan Mehta, Mr.Raiesh Loya and Mr.]\,laneesh Taparia were appointed as additional Directors of the Company with etfect from Autust 1 2,2010. They holdofiice upto the date ol the foihcoming Annual General Meeting. Your company has receivda n6ticc in wliinfrrom-'iemoers proposini tneircandidature for the office ol Director.
Abri€l resume and otheidetails, toreach ol the above Directors seeking appointment are given in the nctice of the torth comingAnnualGeneral Meeting. Further, the required resolutions for appointment oflhe above Directors atihe forth cominjlnnuat cenerat tr,teitng areincluded in he noticeconveningthe Annual General Meeting.
Mrs. JanhaviApte Kothari resigned as a direclor oflhe company from August 12, 201 0. The Board of Directors places on record its sincereappreciation torth€ valuable seMce rendered by Mrs. Janhavi$e Kotha; during hertenure as a Directorof th"borp"ny.Mr'V'K.sant, vi\ftoletime Finance DirectorE com?any.9{r9t"ry-h9s resigned from Apdl I 2, 201 0. The Board of Directors places on record itssincere appreciation for lhe valuable servic€ rendered by Mr. VJ(.Sant duiring his tenure as a Finance Direc,tor of m Company.AUDITORS AND AUDITOR'S REPORT
-tr//s. PG.Bhagwat, Charte€d Accountanls, statutoryAuditors, hold otfice until the conclusion ot the ensuingAnnual General Meeling is
eligible for re- appointment. The members are requested to considerheir re - appointmentlorthe finan;ial yriizoro. r t .no.rthorize theBoard of Directors to tixtheir remuneration.
The Company has receiv€d a certificate trom the audilors to the ehectthafiheir re-appointment if made, would be in accordance with theprovisions otsection 224(1 B) otthe companiesAct, 1 956 and that they are not disqualiiied for reappoinlment within the meaning of Section- 226 of the Act.
The noles on accounts, as referred to in the Auditors Reporl are sell explanatory and a praciice consistentlytollowed , and therefore do notcall for any turthercomments and explanations.
P.IRIICUURS OF EilPLOY SUANTTO SECTION 217(2A}AND 217(2AA) OFTHE COMPI.NIESACI 1955:
The information required under sub-section (2A) ot Section 21 7 of the CompaniesAct, 1 956 read with Companies (particulars ot Employ-ees) Rules, 1975-duly amended by the Companies (Paniculars of Employees) Rule, 1999 tor thr }l* .iaJijrt rtrarch, 2010 is notapplicable lo the Company as none ot the employee is drawing remuneration more than the limits presenfly specified underthe said rules.coNSERvATloN,oF ENERGY.TEGHNoLoGyABSoRpIoN.F0RE|GN E"cHAl,tGE EARNTNGSAND ourGo:Considedng lhe nature ol activities ofthe comoany, the information required to be disclosed pursuant lo the provisions of section - 21 7(.1 )(e) ot the companies Acl' 1 956 read with the Companies (Disclosure ol Particulars in the ieport of the eolrd oi liireaors) Rutes, 1 9b{irelating to the conseruation of energyand technology absorption is not applicable to the Comi"ny. uence noc*ment is biing made onenergy conservation. There is no foreign lechnology involvedl absorb€d.
During the year under review, lhe company has niether eamed any foreign exdlange nor incuned any expenditure in Foreign exchange.DIRECTOR'S RESPONSIBIUTY SIATEMENT:
Pursuant to sub'section (2AA of Section 217 0f the CompaniesAct, 1 956, the Board ol Directors of the Company hereby state and confimthat
(i) lnthe preparation ottheAnnual Accounts, the applicable accounting standards have been followed along with proper exptanationsrelatingto material departure, ilany;
(iD The Directors had selected such accounting policies and applied them consislenily and made judgments and estimates thal arereasonable and prudent so as to give a lrue and fahview o{ the slate of allairs ofthe Company asit lilarch 31, 2010 and of the profitofthe Company torthe yearended March 91, 2010;
(iii) TheDiectors had taken proper and sufficient care lor the maintenance ol adequate accounting records in accordance with theprovisions ol the Companies Act, 1 956 for sategualding the assets of the Company and for prevening and detecting fraud and otherinegularities;
{iv) The Directors have prepafed theAnnual Accounts tor the financial year ended March 31, 201 0 on a going concem basis.CORPORATE SOCIAL RESPONSIBILITY
As a part of our coPorate Social Responsibility our Policy is to support activities, which do nol have any religibus or political afflictions. OurCompany encourages employees lo actively participate i; and drive such programs. We .rso srfpoi:iriiti"iiies ly orlr employees and theirfamily members in rural lndia.
ApJe regards CoPorate Social Responsibility (CSR) as an investrnenl in society and in its own future. Our goal as a responsible corporatecitizen is lo create social capital. .
Aple wantsto build its fulure on sustainable profitbased on sound busioess ethicsand rsspect for its stakeholders and be a good corporate
5
APTE AMALGAMATIONS LIMITEDcitizen. For only by ac{ing with prolessionalism and integrity, we will be able to maintain our stak€holders'trusl and preserve our reputation.
Our Business Pdnciples prescdbe the corporate values we pursue and the responsibilities we have towards society and the environmentwe act with integrity, we are open and clear, we respsc.t each other and we are socially and environmsnlally responsible.
APPRECNNON
The Directors tske this opportunity to express their gratitude and lhanks to the esteemed Shareholders, Bankers, S€curities and ExdangeBoardol lndia (SEBI), Bombay Slock Exdunge (BSE), Central, Statehnd Local Govemment Departmentsand Bodiestortherecontinued
suppon and cooperation. The Dhectors place on the record their deep appreciation to all employees ofthe companyforheirstrong ethics;
excellent pertormance; professionalism, solidarity, commitment, dedication and initialive at all levels which enabled the company tosushin in todafs dEllenging environment and is looking forward to their continued support in the future as well.
Place: Mumbai
Date: August12,2010
On behatl of the Board of Directors
Vaman MadhavApte
Chairman
APTE AMALGAMATIONS LIMITEDAUDfORS'REPORT
To, the members of Apte Amalgamations Llmited1' We have audited$e attadled Balance sheetotApte Amalgamations Limited asat 31
d March, 201 0, he profit and Loss account and alsothe Cash{low statementfor the yearended on that date, annexed thereto. These financial staiements are the responsibility oftheCompany's management.our responsibilityistoexpress an opinion on these financial statements based on ouraudit.
2. We conducted our audit in acmrdanc€ with auditing slandards generally accepted in lndia. Those Standards require that we plan andperlorm lhe audil to obtain rcasonable assurance about whether the financial statements are free of material misstatsment. An audilincludes examining, on a test basis, evidence supporling ilte amounts and disclosures in the financial statements. An audit also indudesassessing the accounting principles used and significantestimates made by management, aswell as evaluatingthe overall financial' stalemenr presentation. we believe bat our audit provides a reasonable basls for oir opinion.
3. As req11ircd by^fecompanies (Audilors'Repon) order,2003, (as amended byoornpanies (Auditois Report) (Amendment) Order,2004)issued bybe Central Govemment in terms otsection 227 (4A) ofthe Compairies nit, t SSd, we enclose in the Annexure a statement onlhe matlers specitied in paragraphs 4 and 5 of the said order.
4. Furherto ourcomments in the Annexure relened to above, we reportfEt:
(t) we have obtained all lhe information and explanations, which to fie be$ ol our knowledg and beliel were necessary lor he purposesofouraudll;
(ii) inouropinion,properboolGofaccountasrequiredbylawhavebeenkeptbythecompanysolarasappearsfromourexaminalionofthose books;
(iii) the Balance sheet, Prolit and Loss account and cash{low statement dealt with by this report are in agreement with the books ofaccount;
(iv) in our opinion, the Balance sheet, Profit and Loss account and Cash.flow statsment dealt with by this report comply with theacclunting standards relened to in sub-section (3C) of section 211 of the Companies Act, 19S6; except ttat provision forGraluity and leave encashment liability has not been made as pet Accounting St;ndard I S (revised) nor disclosure has beenmade as requhed by he said Standard, rcler note NoA(Betirement benefrts);
(v) on the basis of the written Iepresentations received lrom the directors as on 31d March, 2010, we reporl that none of thedirectors are disqualified as on.31d March, 2010, flom being appointed as a direbtor in terms of clause (gi pf sub-section (1 ) olsection 274 of the CqmpaniesAct, 1 956;
(vi) a) Provision for wealth tax as at ol.g.l0 has not been made nor asceftained ( reler Note 14)
b) Ptovisionforgntuityand leave encashnenthas notbeen nade asperASlS revised, refetnote NoA(Retircnent benefits).
SU'/r'' to W above, in our opinion and to lhe best of our information and according to the explanations given to us, the saidaccounts, read wih the significant accountng policies and other notes thereon, give the information required by-the CompaniesAc.t,1 956, in the manner so required and give a lrue and lair view in conlormity with tlre accounting principles geneatty acceptiO in tnOia:
a. inthecaseoftheBalancesheet,ofthestateofafiairsottheCompanyasat3l{March,2010:
b. in the case ol the Profit and Loss account, of the prolit for the year ended on that date; and
c. in the case of the Cash.llow statemenl, ol lhe cash-flows for the year ended on that date.
For M/S PG.Bhagwat,
Chartered Accounlants,
(S.f.Athavale)
Partner (Membership No. 83374)
Firm's Registration No. With lCAl : 101118W
Annerure to the Auditoi's report
Re: Apte Amalgamations Limit€d(relened to in pangnph 3 of our Repft of even hte)1. (a) The Company has maintained recods lo sirow particrlars, including quantitative details and srtuation of its fixed assels. These records
have not been updated
(b) thelixedasselshavenotbeenphysicallyveriliedbythemanagementduringtheyear.lnthe absenceofupdatedfixedassetsreclrdsand physical verification not having been done, we are unable to comment on ihe discrepancies, if any;'
(c) Substantialpartothefixedassetshavebeensoldduringtheyear,butnottotheextentfiatitwouldalfecthegoingconcemassumption.
2. (a) lnventory ol real estate has been physically verilied during the year by the management.(b) lhe procedure otphysical vedfication of the inventory of real estate is reasonable and adequate in relation to the size of the clmpany
and the nalure of its business.
Place: Mumbai
Date: April2g,2010
APTE AMALGAMATIONS LIMITED(c) proper reclrds of inventory of real estate is maintained, and there are no material discrepancies between the physical stocks and the
book records.
3.(a) TheCompanyhasnotgransledloansoradvances,securedorunsecured,toCompanies,firms'andotherpartjescoveredundersecton'' eOlotttbC6mpaniesAct,l956,excepttotwopartieswhosedebitbalanceisRs.lST.lllakhswhicfiisunsecured&interestlree.
(b) As informed to us, the tenns & conditions ol the same are nol prejudicial to the intelests ol the company, except that they are interest
free and unsecured.;
(c) There are no stipulations as to r€payment of principal amounts;
(d) the Company has nottaken any loans from companies, lirms oI other parties covered in the register maintained under seclion 301
of theCompaniesAct, 1956,
4. ln ouropinion and according lothe infonnation and explanations given to us, there is an adequate internal control system commen-
surate with the size of the Company and the nature of its business forthe purchase and sale of inventory and fixed assets. There was
no sale ol goods or services duringlhe year. Dudng the course of audit, we have not observed any continuing failure to conect major
weaknesses in the intemal control system.
5. (a) Based on the audit procedurB applied by us and according to the information and explanatiorc provided by the man€ge
meflt, weareoftheipinion thattii particulars ofcontractsbranangements referred lo in soctlon 301 oltheAct have boen
entercd in the register required lo be maintained under that section.
(b) ln our opinion and according to the inlormation and explanalions given to us the transactions made in pursuance of such contracts; '
or anangements and exceeding the value ol Rs.s Lacs in respect of any party during the year have been made al prices which are
reasonable havtng regard to lhe prevalling market prices al lhe relevanttime.
6. The Company has notaccepted depositsfrom the publicwithin the meaning of sections 58A,58M ffany other relevant provisions
ofthe CompaniesAct, 1956, whereapplicable, and the Rules framed there undel We are inlormed that no 0rder has bben passed
bythe Company Law Board, Reserve Bank ol lndia orany Court or any otherTribunal.
7. The Company did not have an internal audit system during the year.
8. Maintenance of cost records has not been prescribed to the company under section 209(1 Xd) of the Companies Act, 1 956
9. (a) ln our opinion and according to the intormation and explanatrons given to us, the company is regular in depositing undisputed' '
statutory dues, including Provident Fund, lnvestor Education and Protection Fund, Employees'State lnsurance, lncome'tax, Sales'
tax, Welfth Tax, Custo; Duty, Excise Duty, cess, service tax, and any other statutory dues, whetever applicable, with the appropri-
ate authorities. There are no undisputed dues pending unpaid lor more than six months as atthe balance sheet date.
(b) according to the inlormation and explanations given lo us, there are cases of non-deposit ot customs duty of Rs. 56,68,989/-' '
(pending with the Assistant Commissioner ol Central Excise, Mumbai). ln respect of disputed income tax cases, the company has
not ascdrtained the amounl ol such dues. There are no cases of non-deposit with the appropliate authorities ol disputed dues of
sales{ax, service-tax, wealth tax and cess.
1 0. The accumulated losses of the Company atthe end ol the financial year are more than litty percent of its networth. lt has not incuned
cash losses during the year covered by ouraudit but has in the immediately preceding year.
1 1 . ln our opinion, and according to the inlormation and explanations given to us, the Company has no dues to Banks, financial institu-
tions and debenture holders as on the date ol balance sheet.
i2. Ihe Company has not granted any loans or advances on the basis of security by way of pledge of shares, debentures and other securities.
13. As intormed to us, the Company has not given any guarantee tor loans taken by others trom banks or financial institutions.
14. The ccimpany is noi dealing ortrading in shares, securities, debentures and other investments.
15. The provisions ol any special statute applicable to chit funds ale not applicable to the company.
16. The Company has not obtained any term loan during the year.
1i. Actording to the information and explanations given to us, and on an overall examination ofthe Balance sheetofthe Company, we
report that no funds raised on short-term basis have been used for long'term investment.
18. The Company has not made any prelerential allotmentolsharesto parties and companies covered in the Begister maintained under
section 301 of the Companies Act, 1 956, during the year.
19. Nodebentureshavebeen issued bythe Companyand hencethequestion olcreatingsecuntiedcharge in resp€clthereofdoes notarise.
20. During the year, the Company has not raised money by public issue.
21. To the best ol our knowledge and belief, and a@ording to the information and explanations given to us, no traud on or by the
Company was noticed or reponed during the yeal.
For M/S P.G.Bhagwat
Chartered Accountants.
(S.S.Athavale)
Parlner Membership No. 83i174
Firm's Registration No. With lCAl : 1 01 1 1 8W
Place: Mumbai
Date : April 29, 2010
APTE AMALGAMATIONS LI M ITEDBALANCE SHEET AS AT 31ST MARCH, 2O1O
I SOURCES OF FUNDS
{1} Shareholders' lundsa) Share Capital
b) Reserves and Surplus
{2} Loan lundsa) Secured Loans
b) Unsecured Loans
Total
IIAPPLICATION OF FUNDS
{1} Fixed assetsa) Gross Block
b) Less r Depreciation
c) Net Block
d) CapitalWork in Progress
e) lncidental expenditure during
construc'tion period
{2} lnvestments
{3} Delered tax asset (refer note no 13)
{4} Current Assets, Loans and Advancesa) lnventories
b) Sundry Debtors
c) Cash and bank balances
d) Loans and advances
Less : Cunent liabilities and provisions
a)Liabilities
b) Provisions
ilet Cunent Assets
{5} Miscellaneous Expenditure(to the extent not written off or adjusted)
{6} Prolit and Loss Account
Total
Significant Accounting Policies and Notes onAccounts
Sch
No.
1
2
7
8
I10
11
12
RupeesAS AI JIST
March 2010
Ruoees
AS AI JIST
March 2$9Ruoees
19,531 ,0006 4r7 onn
25,958,000
9 t ,500,000
19,531 ,0001i q73 IR4
ql 5n0 n00
33,504,1 84
AA 471 AA7
1,499,570I na/ a7t
83,473,687117.458.000 116.977.871
37,222,8421,000
1,720,590
(1 0,644,968)
89,1 58,536
2,576,854{ ooa tol
41 4,699
23,429,810
I C q7n 4qq
s90,663
22,659,528
It a'l7 fi1.
3,754,229
4,035,866t1 q,o1 ADD
35,557,308
8,525,1222,124,976
3,754,2292,683,918
1,852,609E tae 119
29.387.717 13.589.s34
27,032,685I e nnn nnn
90,380,5271 0 q4R 55R
40.032.685 101 .329.085
(87,739,551)
158,510.016
117,458,000 116,977,871
As per our attached report of even dateFor lr/s P.G.BhagwatChartered Ac,countants
S S AthavalePartner
Place : MumbaiDated : April 29,2010
For and on behalt of ttle Board
V. M. ApteChairman
V. K. SantCompany Secretary
Place : MumbaiDated : April 29;2010
M. L. ApteDirector
APTE AMALGAMATIONS LIMITED
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31ST MARCH' 2()1O
lncome
Excess provisions oiearlier years written back I
Sundry creditors & Liabilities Written Back
Other lncome 13
(Decrease) in Stocks of stores & spares
and real eslate stock in trade
Total
Expenditure
Manu{acturing and Other Expenses 15
Depreciation (other than revaluation)
Loss on sale ol investments (net)
Sundry Credito/s settlement
lnterestandtinancecharges 16
Total
Prolit / (Loss) belore tax
Provision fringe benelit tax
Provision lor defered tax (net)
Provision for lncome tax '
Taxation in respect of earlier years
ProliU (Losi) after tax
Prolit (Loss) after tax & exceptional ilems
Transferred from lnvestment Allowance Reserve
Deficit broughl loruard lrom previous year
Delicit carried to Balance Sheet
SdrNo. Rupees
PrevtousYear
Rupees
79,069,895
5,761,386
18,001,023
't,165,566
1,320,294
5,310,078
102,832,304 /, /95,V5U
102,8i12,304 7,795,938
15,924,336
20,080
7,646,M1
4,610,457
6,524,2U
32,563
4,197,575
986,373
28,201,314 11,741,195
74,630,990
(48,475).
(404,386)
(13,000,000)
627,1 66
61,805,295
61,805,295
(3,e45,257)
(20,000)
2,124,976-
(1,840,281)
(1 ,840,281)
7,546,184
(158.510.016) (156.669.736)
(89,158,S6) (158,510,016)
As per our attached report ol even dale
For liUs P.G.BhagwatChartered Accountants
S S AthavalePartner
Place : MumbaiDated : April 29,2010
For and on behalf of the Board
v. M. Apte M. L. ApteChairman Director
V. K. SantCompany Secretary
Place : MumbaiDated : April 29,2010
APTE AMALCAMATIONS LI MITEDSchedules to the Balance Sheet and Protit and Loss Accountlor lhe year ending 31st March 2010
Schedule No. 1 - SHARE CAPITAL
Authorised29,00,000 Equity shares of Rs. 1 0/- each
1,10,000 14% Cumulative RedeemablePrelerence shares of Rs.1 00/- each
lssued and Subscribed1 9,53,1 00 Equily shares of Rs. 1 0/- eachfully paid up
Note : of the above shares :
a) 13,28,100 Shares are alloted as fully paid up pursuant
t0 a contract without payments being received in cash,and
b) 5,25,000 Shares were allotted as lully paid up by way olBonus Shares as under:i) By capitalisation of Reserues :
ii) By capitalisation ol prolits :
Total
Total
SChedu|e No 2. RESERVES AND SUBPLUS
Capital Redemption Reserve -
Balance as per last balance sheetlnvestment Allowance Reserve -
Balance as per last balance sheetLess Translened to General Reserve
Total
Schedule No 3. SECURED LOANS
Total
Schedule No 4 - UNSECURED LOANS
Shon term loans and advancesFrom Directors
Club membership deposits
Other loans and advancesSugarcane purchase tax loan fromGovernment of MaharashtraFrom others
RupeesAs at 31st
March 2010Rupees
AS AI JISIMarch 2009
Ruoees
4,200,0001 050 000
29,000,000
11,000,000
29,000,000
11.000.0004U,0U0,U00 40.000.000
19,531 ,000 19,531,000
5,250,000
91,500,00;
19,531,000 19,531.000
6,427,000 6,427,000
7,546.184
6.427.000 13.973.184
91.500.000
51,024,42020 00n
51,044,420
1,907,40230,521,86532.429.267
91,500,000 83,473,687
APTE AMALGAMATIONS LI MITEDSchedules h he Bahnce Sheet and Profil ard Loss
Acoount lor the year ending 31st March 2010
Schedule No.6 - INVESTMENTS (LONG TERM)
Non-tnde lnvestnentstntulty pid upequity sharesof conpanies (Quotd)Nil (20) shares of the Bombay Burmah Trading
Corporatiorr Limited of the face value of
Rs. 101 each
Nil (5100) shares of Swastik Rubber Products
Limited ol the lace value ol Rs. 101 each'
Less : Provision lor diminution in value
Nil (34,300) shares ol Hico Products Limited
ol the face value of Rs. 1 0/' each.
Less : Provision lor diminution in value
ln futly pM up aily drnrc s of corprtitx (UnEM)Nil (8,50,C100) equity shares ol Dr. Writer's
Food products pvt Lid ol the face value
olRs. l0eachNil (560) shares of The Laxmi Vishnu Textile
Mills Limited otthe lace value ol
Rs. 1001 each
Less: Provision lor diminution in value
Nil (5)shares of Taloja CETP Society Limited
ol the face value of Rs. 1001 each.
Less : Provision lor diminution in value
1000 (1000) shares of Rupee Co Op Bank Limited
ol the lace value of Rs. 251 each
Less : Provision for diminulion in value
Total
Schedule No 7- INVENTORIES
Slock ln TradeReal estate stock in trade
TotalSchedule No 8 - SUNDRY DEBTORS( Unsecured )Debts outstanding lor a period exceeding
six monthsOther Debls
Less: ProvisionTotal
Notes:Considered Good
Considered Doubtful
SchEdUIE NO 9 - CASH AND BANK BALANGES
Cash on handBalances'ivith scheduled banks'
ln current accountsln lixed deposit accounl
Rupees
As at 31stMarch 2010
Ruoees
As at 31st
March 2009
Rupees
25,000(24,000)
122
20,563(20,563)
1,623,068(1,623,068)
8,500,000
42,768(42,768)-
500(500)
25,000:
1 000 8.525:122
3,754,2293,754,229
3,754,2293,754,229
2,683,918
2,683,918
2,683,918
2,683,918
2.683.918
1,805,875
2,229,991 152,609't,700,000
4.035.866 1.852.609
13
APTE AMALGAMATIONS LIMITED&tredules to tre Balance Sheet and Profit and Loss
Account for the year ending 31st March 2010
Schedule No 10 - LOANS AND ADVANCES(uNsEcuREp)Loans tb others
Advances recoverable in cash or kind or forvalue to be received
Balance with Central Excise AuthoritiesAdvance tax
Less: ProvisionTotal
Notes:Considered Good
Considered Doubtlul
Schedule No 1l - LIABILITIES
Sundry Creditors
i) Total outstanding dues to SME Undertakings
ii) Totaloutstanding dues io Creditor olher
than SME Undertakings
Advances received in respect of realeshtefading acti\/lty
Advances received against proposed sale/develop-
ment of property
Other LiabilitiesTotal
Schedule No'12 - PROVISIONS
Provision lor taxes
Total
Schedule No 13 - OTHER INCOME
lnterest on deposits gross. (TDS Rs.19281 Prev year Nil)
Dividend received
Rent received (TDS Rs.a5,396/- Prev year Nil)
, Profit on derivatiVe transactions
Profit on sale of assets
Profil on sale of investment
Miscellaneous income
Total
Schedulc NO 14 -DECREASE IN STOCK OF STORES & SPARES
AND REAL ESTATE STOCK.IN.TRADE
Closing Stocks as on 31st March 2010
Real eslate stock-in-trade
Less
Opening Stocks as on 1 st April 2009
Real estate stock-in{rade
Total
Rupees
AS aI SISLMarch 2010
Ruoees
As at 3lstMarch 2009
RuDees
21,550,298
i', atL
68,514,278
8,571,318519
21,597,622 77,086,11571 747 ea7
21,597,622 5,298,778
21,597,622 5,298,77871_787 .337
21,597,622 77,086,115
22.032.685 22,032,685
5,000,000
75.052,32275,052,322
3,281 ,158
8,574,611
3.472.436
27.032,685 90.380.527
13.000.000 10.s48.558
1 3,000,000 10,948,558
48,383170
544,626581,652
16,758,3282,298
65,566
13,202
1,017,778
4,244,21234,886
18,001,023 5,310,078
3.754.229 3.754.229
3,754,229 3,754,229
3754 229 3.754 229
3,754,229 3,754,229
14
APTE AMALGAMATIONS LIMITEDSdpdules b tle Bahnce Sheet and Proft and LossAcount for the year ending 31st March 2010 '
Schedule No 15 .Manufac'turing and other expenses
Payments to and provision for employees (net)
Salaries, wages and bonus'
Contribution to provident and other lunds
Stalf welfare expenses
Ooerations and other expenses
Fuel, electricity and water charges
Rates and taxes
Repairs and maintenance -others
Legal and professional lees
Postage, telephone, printlng and stationery
Traveling, conveyanc6 and motor car expenses
Excise balances & Other written olfEntertainment expenses
Audit lees
Brokerage
Miscellaneous expenses
Prior period expenses
Total
Schedule No 16 -
lnterest and linance chargeslnterest on ICD's
Bankcharges
Total
RupeesAs at 31st
March 2010Rupees
As at 31stMarch 2009
Ruoees
2,261,170
172,5272nA 847
2,642,384
335,580
121,612
512,473
3,908,336
278,057
604,982
3,811,372
. 28,850
1 95,1 35
751,277
2,734,278
1 ,976,1 60
1 53,600
227,889
2,357,649
350,072129,208
361,564
1,146,703
211,311
437,513
428,015
116,730
1 91 ,911
700,000
117,965
(24,3571
15,924,336 6,524,284
4,601,161
9,296
977,260
9,113
4,610,457 986,373 "
APTE AMALGAMATIONS LIMITED4. Capital wo*-in-progress as at 31d March,2010, aggregating Rs.23,429,810/- (as at 31"'Marci,2009, Rs. 22,659,528i-) and incidertal
eSenOin oarring;nnnlctkn period,13,378,33fl- (asat31i lvlad,2009 Rs.12,307,11d-) represenling expenditure inernedonceilain
pmject al the Sports Complex projec't in Mumbai.
5. D€prechtionhas been provided onthewdtlen do$n value metrod in accordance witr tle povisionsotthe CompaniesAct, 1956, athe
rates and in the manner specified in scheduls XIV to lhis Act.
A Confirmalion letters have notbeen obtained from debtors, cl€ditors, loanvadvancosgiven and torcerlain loanddepositstaken and
hence their balances are subjec't to reconciliation and consequent adiustments, il any.
7. Managerial remuneralion under sec{ion I 98 ol he Companies Aci' 1 956:
(minimum r€muneralil)
To tho Financs Direc,tor
Rupees PrevlousyearBuDees
a.
b.
c.
Salary
Conhibution to Provident and OtherFunds-
Perquisites
897,000
1 07,640
593,400
780,000
93,600
585,900
1,599,040 1,459,500
. The remuneration excludG contribution to Gratuity as the incremental liabiltty has been accounted bythe Company as a wholo.
Pay0entto Auditors
Rupees Hreuous year
Rupees
a.
b.
c.
d.
e.
Ab A'rdtots
As advisors u in any oter caPacitY
h resed dbxdin n'ecA[, ot€r rnafler (Ia< Arxfr, Certificalln work eh.)
As expenses
For Service Tax Tohl
1 00,000
65,000
1 3,1 40
16,995
'100,000
65,000
8,577
1 8,334
1 95,1 35 191 ,91 1
Additbnal inlormatbn pursuantto he provisions olpaagraphs 3,4C and 4D ofpart ll otSdeduleVl tofre CompaniesAcl, 1956 (tohe
extent applicable):
(i) Stock(a) Ooening Slocks
2009-2010 2008-2009
Unit Ouantity Value {Rs.) 0uantitv Value (Rs.)
I radlnoActivity:
Qaal Felela
Sq.Mtrs.
12,376 3,754,229 12,376 3.754,229
Total 3,754,229 3,754,229
(b) Closing StoclG
200&2009 2007-2008
Unit Ouantity Value (RsJ Ouantity Value (Rs.)
lraorng Acllvlly:
Real Estate Sq.
Mtrs.12,376 3,754,229 12,376 3,754,229
Total 3,754,229 3,754,229
APTE AMALGAMATIONS LI MITED10. Relatedpartytransactions
a Names of related pafties where clntrol existg
b Details oftrlrnsactionswith related parties during the yearin Rs.
:nterprlSeS Over
which keymanagemenl
personnel havesignilicantinlluence
Keymanagemenlpersonnel &
relative
Total
Rent receipts & others.Dr. Writeis Food Products Privale Limiled.Metalores Pvl Ltd.
Arahis lndustrial Manaoernent Soulution Pvt Ltd.
(1 ,981 ,1 09)21,589
t)(-t
t)
t){-l
(1,981,109)
21,589(-)/-\
AOVanCeS IaKen rromApte lndustrial & Management hlt. Ltd
Dr. Write/s Food ProductsPrivate Limited.M.L.Apte.
V.S.Apte & Son
s.vi Rpte.
V M Apte.
374,989(-)
4,757,275(10,162,928)
(-)
2,230,191(1 95,000)
t-
(-)
t)
(-)
2,1 70,000(1,290,000)
t)
(450,000)
1,1 26,000/q 7rn nnn\
374,989(-)
4,757,275(1 0,1 62,928)
2,1 70,000(1,290,000)
2,230,191(1 e5,ooo)
(450,000)1,126,000
/5 72n n00l
Advances repaid to / written backDr. Write/s Food ProductsPrivale Limited.Laxmi Vishnu Textile Mills Ltd.
M.L.Apte.
V.M.Apte.
V.S.Aple & Son
Sheela Apparel Exports Pvt Ltd.
Seenj Finance Pvt Ltd.
20,1 45,575(6,eee,835)
60,053,595
(-)
(-)
19,572,427(51 1 ,800)
2,000,000(-)
32,376/-\
t)
1 9,950,994(7,825,000)
8,919,426(60,000)
t)
(-)
20,1 45,575(6,999,835)
60,0s3,5951 9,950,994(7,825,000)
8,919,426(60,000)
19,572,427(s11,800)
2,000,000(-)
32,376/-\
On account payments made toApte lndustrial and
Management Services Pvt. Limited.V.M.Apte & M,L.Apte.
S.M.Apte.
Plasto Cratts lndustries Pvt. Ltd.
100,000(3000)
(-)
(-)
2,357,420(-)
t)1,705,834(21e,2311
450,000(-)
(-'l
1 00,000(3000)
1,705,834(21e,231)
450,000
t-,2,357,420
(-)
Manageilat IetItuiletauuilV.K.Sant (.i
I,CYO,U+U
(1,4s9,500)1,CVU,U4U
(1,45s,500)
18
APTE AMALGAMATIONS LIMITED
Name Nalure ofrel.ationship
Balanceoutstanding as at31st March, 2010
(receivable/payable)
Balanceoutstanding as al31st March,2009
(receivable/payable)
Plastocraft lndustries Private LimitedEnrerpnses
over which key
managementperonnel have
significant
influence
(2,357,420)
Laxmi-Vishnu Textile Mills Limited 8,460,683 68,514.278
Dr.Writers Food Products Privale Ltd. 10,249,931 (5,203,368)
Sheela Aooarels Private Limited (2,000,000)
V.S. Aote & Son (17,342,2361
M. L. Apte Diranlnr (1 8,564,983)
S.M.Apte (450,000)
v. M. Apre Chairman 18,115,2t1)
Apte lndustial and Management Services h,L Limited (271683) 3,306
V.K.Sant (1 5,1 25,E3E)
11. Eamings per share
Eamings per share (EPSI is calculated by divftjing he profit attributable to equrty shareholders by the weighled average number ol equity
shares outstanding during the yeal, as under
Rupees Hrevpus yearRum
Prolit / (Loss) attribulable to equity shareholders
Weighted average number of shares outstanding during the year
Basic/ Diluted Earnings Per Sharq Rupees
Nominal value per share - Rupees
61,805,295
1 ,953,1 00
31.64
10.00
(1 ,840,281 )'| ,953,100
(0.e4)
10.00
12. Sincethere hasbeen no business activityduringtheyearand no revenuesfrom any businesssegmenls, there is nothinglo disclose
undersegment accounting as perAS 1 7.
13. The defered tax asset on accrunt of Depr€ciation as per the lncomeTA(Acrt, and hal as perlhe accounls - to Rs.1 37,54&-, disallow-
anc€s u/s 438 ol the lncome Tax act ol Rs.1,304,942- disallowances u/s 40a (ia) of the lncome Tax act of Rs.278,1 00/- aggregating
Rs.l,720,590/- as applicable has been provided and recognized as defened tax asset as envisaged in AS 22.
14. The Company has not provided lorwealfi tax liability itany in view ot unascertainability of the value of such propertydue to reservation
ol land, unauhodzed occupanb and othsr reasons.
15. Figures othe previous year have been regrouped lo contorm with currentyeargrouping.
APTE AMALGAMATIONS LIMITED
Cash llow statement for the ye3r ended 31st March' 2010
As per our attached report ol even date For and on behalf ol the Board
For M/s P.G.BhagwatChartered Accountants V. M' Apte M. L. Apte
Chairman Director
S sAthavale V' K' Sant
Parlner ComPanY Secretary
Place : MumbaiPlace : MumbaiDaled : April 29,2010
20 Dated : April 29' 2010
Rupees Prevrous yearRupebs
A.
B.
c.
Cash Flow liom operating activitiesProlit / (Loss ) for the year belore tax & exceptlonal itemsAdjustments lo1
Depreciationlnterest expensesLoss on sale of investments (Gross)
(Protil ) on sale ol investments (Gross)
(Protit )/ Loss on sale ol fixed assets (Gross)
Sundry Credit balances written back (net)
Sundry Debit balances written otf
Provision against advances/ excess Prov. reversed
Dimunition in the value of lnvestmentsProlit on derivative transactions
Operating loss belore working capital changes(lncrease) / Decrease in trade receivables(lncrease) / decrease in advances (net)
lncrease / (Decrease) in Provisions
lncrease / (Decrease) in trade and other payables
Cash generated lorm OperationsTax paid
Nel cash generated lrom operating activities
Cash flow lrom invesiing activitiesPurchase of lixed assetsExp.during construction period & incidental exp. lor construction
Profit on derivative transactionsSale ol fixed assets (net)
Sale of lnvestmenls
Net cash generated from / (used in ) investing activities
Cash llow lrom financing activitiesProceeds from other bonowingsRepayments ol long term borrowingslnterest paid
Net cash (used in)linanang activities
r Net increase / (decrease) in cash and cash equivalents
I Cash and cash equivalents ai the beginning ol the year
I Cash and cash equivalents at the end of the year
74,630,990
20,0804,601,1617,645,941
(2,2s8)(16,758,328)
(5,761,386)3,810,872
(74,971,235)24,000
(s81,652)
(3,945,257)
32,563s77,260-
(4,244,212)(2,485,860)
(7,341,855)2,683,918
54,861 ,519(4,361,084)
(57,586,4s7)
(9,665,506)(e49,641 )2,665,450
(2,553,202l.2,816,061
(4,402,104)(7,6e5,104)
1,978,668
(.l9,439,063) (7,686,838)
(7,es0)(1,841,4e8)
581,65216,922,1622,542,300
(10,048)
4,244,212
1 8,1 96,666 4.234.164
91,500,000(83,473,686)
(4.601 ,1 61)4,167,413(977 280\
3,425,153 3,190,153
2,182,7571,852,6094,035,866
(262,521)2,1 1 5,1 301,852,609
APTE AMALGAMATIONS LI M ITEDF5-l elLlHcE sHEET ABSTRAcT AND compANy,s oeilenll BUstNEss pRoFtLE
l. Registration D
Regislration No.
Balance Sheet Date I oTtl fZToTiTo lDate Month Year
ll. Capital raised during the year (Amount in Rs. Thousands)
lll. Position of Mobilisatlon and deployment
lnvestmentsffi
lV. Pedormance of Company (Amount ln Rs. Thousand)
Devidend rate %
loTol
State code llTl I
V. Generic Names of Three Principal Products / Services of CompanyItem code No. (lrc code) fNT. TlTTfi--T-T-lProductDescription 4
of Funds (Amount in Rs. Thousand)
Application ol Funds
plee r€ter to the publimlion lndian based on hamonized mminodity desription and codingsyst€m bv Ministrv ot Commere,Direclorate Gmralof Commercial lnlelligence & Statistic, Calcutta 700 001.
As per our attached report of even dateFor ll/s P.G.BhagwatCharteredAccountants
S S AthavalePartner
Place: MumbaiDated: April 29,2010
signature to schodules 1 to 17 For and on behall of the Board
V.K.Sant M.L.Apte V.M.ApteCompanySecretary Director Chairman
Place: Mumbai
21 Dated: April 29,2010
APTE AMALGAMATIONS LIM ITEDRegistered Office: 14-A The Club, Near Mangal Anand Hospital, Swastik Park, Chembur, Mumbai-400 071.
t/we PRoxY F'RM
';#vil;;i;i .. :: .......T::::::::::::TiYi::lylTi':Jilu'ff"......of ............... as riry / our prory to attend and vote for me / us
and on my behall at the 76h Annual General Meeting ot ihe Company to be held on Friday, 17o September 2010 at
9.00 am at 14A, The Club, Near Mangal anand Hospital, Swastik Park, Chembur, Mumbai 4(A 071.
Signed this .........day of ,2010
Registered Folio Number......No. of shares he|d..................
Signature
Note:
The prory torm must be deposited at lhe Registered Office ol the Company at 1#AThe Club, Near Mangal Anand
Hospital, Swastik Park, Chembur, Mumbai - 400 071, at least 48 hours belore the Annual Genenl Meeting.
Member's Folio Number
Note:
No. ol Shares held _
Shareholders /'Proxy holders are requested to bring this report and Attendance Slip with them duly completed when
they come to the meeting and hand ii over at the gate after affixing signalure on it. Practice ol providing additional
copies of the Annual report at the meeting has been discontinued.
APTE AMALGAMATIONS LTD,Registered Office: 14-A The Club, Near Mangal Anand Hospital, Swastik Park, Chembur, Mumbai-400 071.
ATTENDANCE SLIP
(TO BE HANDED OVER AT THE ENTRANCE OF THE MEETING HAIL)
I hereby record my presence at the 76h Annual Genenal Meeting ol tfre Company being held on Friday' 17e September
2010 at 9.$ am, at 14A, The Club, Near MangalAnand Hospital, Swastik Pafi, Chembur, Mumbai 400 071.
NAME OF THE ATTENDING
MEMBEB (lN BLOCK LETTERS)
NAME OF THE PROXY(To be tilled in (BLOCK LETTERS)it the Proxy attends instead of the Member)
Signature ol the Member / Prory
Member's Folio Number
Notil:
No. of Shares held
Shareholders / Prory holders are requested to bring this report and Attendance Slip with them duly completed when
they come to the meeting and hand it over at the gate after aftixing signature on il. Practice of providing additional
copies of the Annual report at the meeting has been discontinued.