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INTERNATIONAL LIMITED
BOARD OF DIRECTORS
Mr. DILIP THOMAS (Chairman)
Mrs. LILY THOMAS
Mr. AJIT THOMAS
Mrs. PRIYALATHA THOMAS
Mr. M.K. KOSHY
Mr. W.D. NELSON
Mr. RAVISANKER A.
Balance Sheet 13
NOTICE TO SHAREHOLDERS
NOTICE is hereby given that the SEVENTY FIRST Annual General Meeting of the Company will be held on Wednesday,
the 24th September, 2014 at12.30 P.M. at its Registered Office at No.60, Rukmani Lakshmipathi Salai, Egmore,
Chennai - 600008 to transact the following business:
Ordinary Business:
1. To receive, consider and adopt the Reports of the Directors and Auditors and the Audited Accounts of the Company
for the year ended 31st March, 2014.
2. To declare dividend on equity shares for 2013-14. [The Directors have recommended a dividend of Rs.10/- per
share (100%)].
3. To elect a Director in the place of Mrs. Priyalatha Thomas (DIN: 00052237), who retires by rotation at the ensuing
Annual General Meeting and is eligible for re-election.
4. To elect a Director in the place of Mr. M K Koshy (DIN: 00052327), who retires by rotation at the ensuing Annual
General Meeting and is eligible for re-election.
5. Appointment of Auditors
To consider and if thought fit to pass with or without modifcation(s), the following resolution as an Ordinary Resolution:
RESOLVED that pursuant to the provisions of section 139 and other applicable provisions, if any, of the Companies
Act, 2013 and the Rules framed there under, as amended from time to time, M/s.Suri& Co, Chartered
Accountants(Registration No. 004283S), be and is hereby re-appointed as Auditors of the Company to hold office
from the conclusion of this Annual General Meeting (AGM) till the conclusion of the seventy fourth AGM of the Company
to be held in the year 2017 (subject to ratification of their appointment at every AGM), at such remuneration plus service
tax, out-of-pocket, travelling expenses, as may be mutually agreed between the Board of Directors of the Company
and the Auditors.
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L.J. INTERNATIONAL LIMITED, CHENNAI
NOTES:
1. A member entitled to attend and vote at the Meeting is entitled to appoint a proxy to attend and vote in his/
her stead. A proxy need not be a member of the company.
A person can act as proxy on behalf of members not exceeding fifty and holding in the aggregate not more
than ten percent of the total share capital of the company carrying voting rights. A member holding more
than ten per cent of the total share capital of the company carrying voting rights may appoint a single person
as proxy and such person shall not act as proxy for any other person or shareholder.
2. The Register of Members and Share Transfer Books of the Company will remain closed from 17-09-2014 to
24-09-2014 (both days inclusive) during which period no transfer of shares will be registered.
3. Members are requested to furnish the Bank Account details in order to enable the Company to mention the same
on the payment instrument, for distribution of dividend to the Investors.
4. Members of the Company may avail the nomination facility by executing the prescribed nomination form which can
be obtained from the Registered Office of the Company.
5. The Companys shares are listed at Madras Stock Exchange Ltd., Exchange Building, Post Box No. 183, 11,Second
Line Beach, Chennai 600 001. The Annual Listing fee as prescribed has been paid to the above Stock Exchange.
6. If the dividend as recommended by the Board of Directors is approved at the Annual General Meeting, payment of
such dividend will be made after 24-09-2014 as under:
a) To all members in respect of shares held by them in physical form as on the date of the Annual General Meeting,after
giving effect to valid transfers in respect of transfer requests lodged with the Company/Registrar & ShareTransfer
Agent on or before the close of business hours on 16-09-2014.
b) To all Beneficial owners in respect of shares held in dematerialised form as per the data as may be made
available by the National Securities Depository Limited.
7. Pursuant to provisions of section 205A (5) and 205C of the Companies Act, 1956, the Company has transferred the
unpaid or unclaimed dividends up to the financial year 2005-06 from time to time on due dates to the Investor
Education and Protection Fund (the IEPF) established by the Central Government Pursuant to the provisions of
Investor Education and Protection fund (Uploading of information regarding unpaid and unclaimed amounts lying
with companies) Rules, 2012. Members who have not encashed their dividend warrants in respect of the above
period are requested to make their claim(s) by surrendering the unencashed warrants immediately to the Company.
Final Dividend declared for the year 2006-2007 and remaining unpaid or unclaimed is liable to be transferred to the
Fund during the month of October, 2014 and the shareholders are, therefore, advised to claim immediately from the
Company the dividends, if any, for the said year remaining unpaid before they are transferred to the Fund.
All unpaid or unclaimed dividends upto the year 1995-1996 have been transferred to the General Revenue Account
of the Central Government and the shareholders, who have not encashed the dividend cheques for the period upto
1995-1996, are advised to claim the amount from the Registrar of Companies, Tamilnadu at Chennai.
8. Members are requested to note that in case of transfers, deletion of name of deceased shareholder, transmission
and transposition of names, in respect of shares held in physical form, submission of attested copy of PAN CARDof
the transferee(s), surviving holder(s), legal heir(s) and joint holder(s) respectively, along with necessary documents
at the time of lodgement of request for transfer/transmission/transposition is now mandatory.
9. EXCLUSIVE E MAIL I D FOR REDRESSAL OF INVESTOR COMPLAINTS:-
In terms of Clause 47 (f) of the Listing Agreement, please use the following contacts for redressal of InvestorComplaints:-
E Mail: statutory@avtcorp.in
Compliance Officers:Mr. V Sriraman / Mr.W.Rex Santhakumar
Tel. No.044-28553249
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L.J. INTERNATIONAL LIMITED, CHENNAI
Your Directors have pleasure in presenting the SEVENTY FIRST ANNUAL REPORT with the audited accounts of the
Company for the year ended 31st March, 2014.
DIVIDEND:
Your Directors are pleased to recommend dividend on Equity Shares at Rs.10 /- per share (100 %) out of the profits
of the Company for the year ended 31st March, 2014.
OPERATIONS:
For the year under report the Company has made a profit of Rs.156.94 lakhs after tax as against Rs. 28.44 lakhs last
year. The sales for the year has increased by Rs.190.61 lakhs, compared to the previous year. The increase in exports
is mainly in Gerbera, Zantedeschia, Canna, Asclepias, Helleborous, Bletella plants to Europe, Delphinium plants to
Latin American countries, Anthurium Plants to Vietnam.
The sale of plants and other nursery products in the domestic market has registered a turnover of Rs.289.32 lakhs for
the year compared to Rs.218.65 lakhs for last year. During the year the Company has also started a new line of activity
of construction of Poly house for growing plants.
DIRECTORS:
According to the Articles of Association of the Company, Directors Mrs. Priyalatha Thomas and Mr.M.K.Koshy retire by
rotation at the ensuing Annual General Meeting of the Shareholders and they are eligible for re-election.
The term of office of Mr.M.K.Koshy as Chief Executive Director of the Company has ended on 30th September, 2013.
Mr.M.K.Koshy however continues to be a Director of the Company from 1st October, 2013.
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L.J. INTERNATIONAL LIMITED, CHENNAI
AUDITORS:
Messrs. Suri & Co., Chartered Accountants, retire and are eligible for re-appointment.
PARTICULARS OF EMPLOYEES:
During the year, no employee of the Company was in receipt of remuneration in excess of the limits prescribed by the
Companies (Particulars of Employees) Rules, 1975 and therefore no statement as required under Section 217 (2A) of
The Companies Act, 1956 is attached to this report.
FOREIGN EXCHANGE EARNINGS AND OUTGO:
The Companys operations during the year under review has resulted in a foreign exchange earnings of Rs.706.22 lakhs
(FOB Value) against Rs.590.67 lakhs last year and outgo of Rs.82.54 lakhs against Rs.96.95 lakhs last year.
DIRECTORS RESPONSIBILITY STATEMENT:
Your Directors report that
i) The annual accounts have been prepared by following the applicable accounting standards.
ii) The accounting policies selected have been applied consistently and judgments and estimates that are reasonable
and prudent have been made so as to give a true and fair view of the state of affairs, of the Company as at the end
of the financial year and of the profit of the Company for the financial year.
iii) Proper and sufficient care has been taken 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 annual accounts have been prepared on a going concern basis.
SECRETARIAL COMPLIANCE:
Pursuant to proviso to Section 383A(1) of The Companies Act, 1956, certificate is obtained from a Secretary in whole-
time practice for filing with The Registrar of Companies and a copy of such certificate is attached to this Report.
COST ACCOUNTING RECORDS:
The Central Government has prescribed the statutory maintenance of Cost Accounting Records for the production of
Tissue Culture Plants and such records are made and maintained by the Company in the manner prescribed.
ACKNOWLEDGEMENT:
Your Directors wish to thank all the employees of the organisation for their hard work and sincere efforts in ensuring
successful operation of the Company.
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L.J. INTERNATIONAL LIMITED, CHENNAI
COMPLIANCE CERTIFICATE
To CIN : L01131TN1943PLC002723
Paid-up Capital: Rs.54,00,000/-
The Members,
M/s. L.J. International Limited,Chennai.
I have examined the registers, records, books and papers of M/s. L.J. International Limited, (the Company) as required
to be maintained under the Companies Act, 1956, (the Act) and the rules made there under and also the provisions
contained in the Memorandum and Articles of Association of the Company for the financial year ended 31st March
2014. In my opinion and to the best of my information and according to the examinations carried out by me and
explanations furnished to me by the Company and its officers, I certify that in respect of the aforesaid year:
1. The Company has kept and maintained all registers as stated in Annexure A to this certificate.
2. The Company has duly filed the forms and returns as stated in Annexure B to this certificate, with the Registrar of
Companies, Chennai.
3. The Company being a Public Limited Company, the comments are not required.
4. The Board of Directors met 4 times on 29.05.2013, 01.08.2013, 01.11.2013 and 05.02.2014, in respect of which
meetings proper notices were given and the proceedings were properly recorded in the Minutes Book maintained
for the purpose.
5. The Company has closed its Register of Members from 03.09.2013 to 11.09.2013 (Including both days) and necessary
compliance of Section 154 has been made.
6. The Annual General Meeting of the Company for the financial year ended 31.03.2013 was held on 11.09.2013, after
giving notice to the members of the Company and the resolutions passed thereat were duly recorded in Minutes
Book maintained for the purpose.
7. No Extra ordinary general meeting was held during the financial year.
8. The Company has not advanced any loans to its directors or persons or firms or companies referred to under
section 295 of the Act.
9. The Company has not entered into contracts falling within the purview of Section 297 of the Act.
10. The Company has made necessary entries in the register maintained under section 301 of the Act.
11. The Board of Directors appointed the daughter of the Chairman as Management Executive in the Company on a
salary of Rs. 50,000/- per month with the approval of the Shareholders at the last Annual General Meeting on
11.09.2013. No approval of Central Government was required.
12. The Company has not issued any duplicate share certificates during the financial year.
13. The Company:
i. delivered all the certificates on lodgment thereof for transfer in accordance with the provisions of the Act.
ii. deposited the amount of dividend declared in a separate bank account on 15.09.2013 which is within 5 days
from the date of declaration of such dividend, i.e 11.09.2013.
iii. posted warrants for dividends to all the members within a period of 30 (Thirty) days from the date of declaration
and that all/unclaimed/unpaid dividend has been transferred to Unpaid Dividend Account of the Company with
the State bank of Travancore on 15.10.2013.
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L.J. INTERNATIONAL LIMITED, CHENNAI
iv. Transferred the amounts in unpaid dividend account and the interest accrued thereon which have remained
unclaimed or unpaid for a period of seven years to Investor Education and Protection Fund.
v. has complied with Section 217 of the Companies Act, 1956.
14. The Board of Directors of the Company is duly constituted. There was no appointment of additional directors,
alternate directors and directors to fill casual vacancy during the financial year.
15. The company has not appointed any Managing Director/Whole-time Director or manager during the financial year.
16. The Company has not appointed any sole selling agents during the financial year.
17. The Company was not required to make any application to the Central Government, Company Law Board, Regional
Director, Registrar of Companies or such other authorities as may be prescribed under various provisions of the
Act, during the financial year under review.
18. It was reported by the Company the directors have disclosed their interest in other firms/companies to the Board of
Directors pursuant to the provisions of the Act and the rules made thereunder.
19. The Company has not issued any shares, debentures or other securities during the financial year.
20. The Company has not bought back any shares during the financial year.
21. There was no redemption of preference shares during the financial year.
22. There were no transactions necessitating the Company to keep in abeyance the rights to dividend, rights shares
and bonus shares pending registration of transfer of shares.
23. The Company has not invited/accepted any deposits including any unsecured loans falling within the purview of
Sec 58A of the Act during the financial year.
24. The amount borrowed by the company from banks during the financial year are within the borrowing limits of the
company.
25. The Company has not made loans, or given guarantees or provided securities to other bodies corporate, however
the Company has made an Investment in other bodies corporate.
26. The Company has not altered the provisions of the Memorandum with respect to situation of the Companys
Registered Office from one State to another during the year under scrutiny.
27. The Company has not altered the provisions of the Memorandum with respect to the objects of the Company
during the year under scrutiny.
28. The Company has not altered the provisions of the Memorandum with respect to name of the Company during the
year under scrutiny.
29. The Company has not altered the provisions of the Memorandum with respect to share capital of the Company
during the financial year under scrutiny.
30. The Company has not altered its Articles of Association during the financial year.
31. It was reported by the Company there was no prosecution initiated against the Company and no fines or penalties
or any other punishment was imposed on the Company during the year, for offences under the Act.
32. The company has not received any money as security from its employees during the financial year.
33. The Company has deposited both employees and employers contribution to Provident Fund with prescribed
authorities
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L.J. INTERNATIONAL LIMITED, CHENNAI
ANNEXURE A
ANNEXURE B
Returns/ Documents/ Forms filed with the Registrar of Companies, Regional Director, Central Government or other
authorities during the financial year ended 31.03.2014
REGISTRAR OF COMPANIES
Sl. Form Relevant Description Date Whether filed If delay in
No No. Section of filing within the filing whether
prescribed requisite
time additional
Yes/No fee paid
Yes/No
4 23AC, ACA 220 Balance Sheet & Profit & 24.10.2013 No Yes
(XBRL) Loss Account - 31.03.2013
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L.J. INTERNATIONAL LIMITED, CHENNAI
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L.J. INTERNATIONAL LIMITED, CHENNAI
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L.J. INTERNATIONAL LIMITED, CHENNAI
i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation
of Fixed Assets.
(b) Physical verification of major items of these assets has been conducted by the Management during the
financial year and no material discrepancies were noticed on such verification. In our opinion, procedures
followed by the management is reasonable having regards to the size of the Company and the nature of its
assets.
(c) No substantial part of Fixed Assets of the company has been disposed off during the year and therefore, do
not affect the going concern assumptions.
ii. (a) Physical verification of inventory has been conducted by the management at reasonable intervals.
(b) The procedures of physical verification of inventory followed by the management are reasonable and adequate
in relation to the size of the company and the nature of its business.
(c) The company has maintained proper records of inventory and no material discrepancies have been noticed
on physical verification of inventory as compared to book records.
iii. (a) The Company has not granted any loans, secured or unsecured to Companies, firms or other parties
covered in the register maintained under Section 301 of the Companies Act, 1956 and hence the
clauses (iii) (a), (b), (c) & (d) of the Order are not applicable.
(b) The company has not taken any loans, secured or unsecured from companies, firms or other parties, covered
in the register maintained under Section 301 of the Companies Act, 1956 and hence the clauses (iii) (e), (f) &
(g) of the Order are not applicable.
iv. In our opinion and according to the information and explanation given to us, there is an adequate internal control
system commensurate with the size of the Company and the nature of its business for the purchase of inventory,
fixed assets and for the sale of goods and services. We have not observed any major weakness in the internal
control system during the course of our audit.
v. (a) In respect of the contracts or arrangements referred to in Section 301 of the Act, to the best of our knowledge
and according to the information and explanation given to us, the particulars of the contracts or arrangements
have been entered in the register required to be maintained under that Section.
(b) In our opinion and according to the information and explanation given to us, the transaction made in pursuance
of contracts or arrangements entered in the register maintained under section 301 of the Companies Act, 1956
and exceeding the value of five lakh rupees in respect of each party during the year have been made at prices,
which are reasonable having regard to prevailing market prices at the relevant time.
vi. The company has not invited and or accepted any deposits pursuant to section 58A of the Companies Act 1956.
vii. The company has an internal audit system commensurate with its size and nature of its business.
viii. We have broadly reviewed the books of account relating to materials, labour and other items of cost maintained
by the company pursuant to the Companies (Cost Accounting Records) Rules,2011 prescribed by the Central
Government for the maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956 and we are
of the opinion that prima facie the prescribed accounts and records have been made and maintained.
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L.J. INTERNATIONAL LIMITED, CHENNAI
ix. (a) The Company is regular in depositing with appropriate authorities undisputed statutory dues including Provident
Fund, Employees State Insurance, Income-tax, Sales-tax, Wealth-tax, Service-tax, Customs duty, Excise-duty,
Cess and other statutory dues applicable to it. No undisputed statutory dues were outstanding as at the last
day of the financial year for a period of more than six months from the date they became payable.
(b) The Company does not have any disputed statutory dues which have not been deposited.
x. The Company does not have accumulated losses at the end of the financial year. The Company has not incurred
any cash loss in the current financial year and in the immediately preceding financial year.
xi. The company has not defaulted in repayment of dues to banks.
xii. The company has not granted any loans and advances on the basis of security by way of pledge of shares,
debentures and other securities.
xiii. The company is not a Chit Fund or a Nidhi/Mutual Benefit Fund/Society.
xiv. The company is not dealing or trading in shares, securities, debentures or other investments.
xv. The company has not given any guarantee for loans taken by others from banks or financial institutions.
xvi. The Company has applied the term loans for the purpose for which they were obtained.
xvii. According to the information and explanations given to us, no funds raised on short-term basis have been used for
long-term investment.
xviii. The company has not made any preferential allotment of shares during the year.
xix. The company has not issued any debentures.
xx. The company has not raised any money by public issues during the year.
xxi. According to the information and explanations given to us, no fraud on or by the company has been noticed or
reported during the year.
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L.J. INTERNATIONAL LIMITED, CHENNAI
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L.J. INTERNATIONAL LIMITED, CHENNAI
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH, 2014
Vide our report of date attached For and on behalf of the Board
For SURI & CO.
Chartered Accountants
Firm Regn.No.004283S
G. RENGARAJAN DILIP THOMAS M.K. KOSHY
Chennai, Partner Chairman Director
29th May 2014 Membership No. 219922
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L.J. INTERNATIONAL LIMITED, CHENNAI
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L.J. INTERNATIONAL LIMITED, CHENNAI
SALE OF GOODS:
Revenue from sale of goods is recognized when all the significant risks and rewards of ownership of the goods
have been passed to the buyer, usually on delivery of the goods. The company collects sales taxes and value
added taxes (VAT) on behalf of the government and, therefore, these are not economic benefits flowing to the
company. Hence, they are excluded from revenue. Excise duty deducted from revenue (gross) is the amount
that is included in the revenue (gross) and not the entire amount of liability arising during the year.
INTEREST:
Interest income is recognized on a time proportion basis taking into account the amount outstanding and the
applicable interest rate. Interest income is included under the head other income in the statement of profit
and loss.
DIVIDENDS:
Dividend income is recognized when the companys right to receive dividend is established by the reporting
date.
VIII. EMPLOYEE BENEFITS:
Gratuity Liability which is a defined benefit scheme and Provision for Leave Encashment is accrued and
provided for on the basis of independent actuarial valuation using the projected unit credit method made at
the end of each financial year. Actuarial gains and losses are recognised in the Statement of profit and loss
and are not deferred.
Retirement benefits in the form of Provident Fund, Family Pension Fund and Super Annuation Schemes, which
are defined contribution schemes are charged to the Statement of Profit & Loss of the year when the
contributions to the respective fund accrues.
IX. FOREIGN CURRENCY TRANSACTIONS:
Foreign Currency transactions are recorded at the rates of exchange in force at the time transactions are
effected. The Company uses foreign exchange forward contracts to hedge its exposure to movements in
foreign exchange rates and the resultant gain or loss is dealt with in the Statement of Profit & Loss on completion
of the transaction. Monetary items denominated in foreign currency and outstanding at the balance sheet
date are converted at the year end exchange rate and the resultant loss or gain is dealt with in the Statement
of profit and loss.
X. GOVERNMENT GRANTS:
Subsidies from government in respect of fixed assets are deducted from the cost of respective assets as and
when they accrue. Subsidies related to revenue are recognised in the Statement of profit and loss to match
them with the related costs which they are intended to compensate.
XI. TAXES ON INCOME:
Provision for Income-Tax is made for both current and deferred tax. Provision for current income tax is made on
the assessable income at the tax rate applicable to the relevant assessment year. Deferred tax is accounted
for by computing the tax effect of the timing difference which arise during the year and reverse out in the
subsequent periods. Deferred tax is calculated at the tax rates substantively enacted by the Balance Sheet
date. Deferred tax assets are recognized only if there is a virtual certainty that they will be realized.
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L.J. INTERNATIONAL LIMITED, CHENNAI
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L.J. INTERNATIONAL LIMITED, CHENNAI
SHARE CAPITAL
a. AUTHORISED
6,00,000 Equity Shares of ` 10 each 60,00,000 60,00,000
1,00,000 Preference Shares of ` 10 each 10,00,000 10,00,000
70,00,000 70,00,000
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L.J. INTERNATIONAL LIMITED, CHENNAI
31.03.2014 31.03.2013
` `
NOTE: 3
RESERVES AND SURPLUS
GENERAL RESERVE
As per last Balance Sheet 19,55,31,199
Add: Transfer from Statement of Profit and Loss 1,00,00,000
20,55,31,199 19,55,31,199
SURPLUS
Profit for the period 1,56,94,368 28,43,838
Add: Surplus brought forward from previous years 94,38,453 1,00,53,480
2,51,32,821 1,28,97,318
APPROPRIATIONS
Transfer to General Reserve 1,00,00,000 3,00,000
Proposed dividend on equity shares @ Rs. 10/- per share
(Previous Year Rs.5/- Per share) 54,00,000 27,00,000
Provision for tax on dividend 9,17,730 4,58,865
Net Surplus in the Statement of Profit and Loss 88,15,091 94,38,453
21,43,46,290 20,49,69,652
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L.J. INTERNATIONAL LIMITED, CHENNAI
NOTES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2014 (Contd.)
31.03.2014 31.03.2013
` `
NOTE: 4
NON-CURRENT LIABILITIES:
Long Term Borrowings:
Vehicle loan from Banks secured against
Hypothecation of Vehicles:
Repayable in 59 monthly instalments starting from
December 2013 (Last instalment October 2018). 10,27,143 -
Interest rate 10.50% per annum.
Repayable in 59 monthly instalments starting from
December 2013 (Last instalment October 2018).
Interest rate 10.75% per annum. 3,80,913 -
Repayable in 48 monthly instalments starting from
January 2014 (Last instalment December 2017).
Interest rate 13.50% per annum (Diminishing) 2,94,525 -
17,02,581 -
Long Term Provisions
Provision for Employee benefits:
Provision for Gratuity 2,65,931 4,16,018
Provision for Leave Encashment 13,39,207 14,42,452
16,05,138 18,58,470
33,07,719 18,58,470
NOTE: 5
CURRENT LIABILITIES:
(a) Trade payables (Refer Note No:29 for details of
dues to micro and small enterprises) 24,45,056 17,16,447
24,45,056 17,16,447
(b) Other current liabilities
Investor Education and Protection Fund
- Unclaimed Dividend 20,73,185 18,60,860
- Term Loan - Current maturities of long term debts (Refer Note 4) 4,14,178 Nil
- Other Payables 27,01,383 16,31,271
51,88,746 34,92,131
(c) Short Term Provisions
Provision for Employee benefits:
Provision for Gratuity 31,492 47,657
Provision for Leave Encashment 28,01,769 25,38,750
Provision for bonus 8,81,150 8,08,900
Other provisions
Provision for Taxation 88,58,507 43,36,248
Proposed Dividend on Equity Shares 54,00,000 27,00,000
Provision for Tax on Dividend 9,17,730 4,58,865
1,88,90,648 1,08,90,420
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L.J. INTERNATIONAL LIMITED, CHENNAI
NOTE : 6
FIXED ASSETS - TANGIBLE ASSETS
21
Freehold 84,87,104 Nil Nil 84,87,104 Nil Nil Nil Nil 84,87,104 84,87,104
Leasehold 32,40,000 Nil Nil 32,40,000 2,94,672 36,834 Nil 3,31,506 29,08,494 29,45,328
Buildings
Freehold 26,82,193 Nil Nil 26,82,193 13,64,738 1,03,646 Nil 14,68,384 12,13,808 13,17,454
Leasehold 2,14,87,560 Nil Nil 2,14,87,560 1,43,10,607 7,17,695 Nil 1,50,28,302 64,59,258 71,76,953
Plant & Machinery 4,87,33,040 14,93,801 2,69,280 4,99,57,561 4,17,34,795 13,53,560 Nil 4,30,88,355 68,69,206 69,98,245
Furniture & Fixtures 24,32,143 Nil Nil 24,32,143 22,18,238 38,714 Nil 22,56,952 1,75,191 2,13,905
Motor Vehicles 1,07,97,691 34,12,787 31,35,238 1,10,75,240 80,40,844 10,70,079 26,10,855 65,00,069 45,75,172 27,56,847
9,78,59,731 49,06,588 34,04,518 9,93,61,801 6,79,63,895 33,20,529 26,10,855 6,86,73,568 3,06,88,233 2,98,95,836
PREVIOUS YEAR 9,95,21,149 3,61,440 20,22,858 9,78,59,731 6,65,66,618 34,20,133 20,22,856 6,79,63,895 2,98,95,836
L.J. INTERNATIONAL LIMITED, CHENNAI
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NHAI Bonds 49450 49,45,000 49450 49,45,000
IMMOVABLEPROPERTIES
Land and Buildings (Including Fixtures) 2,59,15,367 2,59,15,367
Less: Depreciation 48,51,050 54,17,138
2,10,64,317 2,04,98,229
TOTAL 2,60,09,317 74,50,000 3,28,93,229
31.03.2014 31.3.2013
Aggregate amount of quoted investments Nil Nil
Aggregate amount of unquoted investments 1,23,95,000 49,45,000
Aggregate amount of immovable properties 2,59,15,367 2,59,15,367
Total 3,83,10,367 3,08,60,367
Aggregate depreciation of immovable properties 54,17,138 48,51,050
3,28,93,229 2,60,09,317
L.J. INTERNATIONAL LIMITED, CHENNAI
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1. L&T Fixed Maturity Plan Series VI 1001102 1,00,11,015 1001102 1,00,11,015
Plan B Growth
2. Kotak FMP Series 58 Dividend 636144 63,61,440 636144 63,61,440
3. IDFC FMP 2 year Series 1 - Growth 496500 49,65,000 496500 49,65,000
4. SBI Debt Fund Series 18 Months 9 Growth 1000000 1,00,00,000 1000000 1,00,00,000
5. HDFC FMP 24M November 2011 1 XIX - Growth 1000000 1,00,00,000 1000000 1,00,00,000
6. Sundaram Flexible Fund ST Plan
Institutional Growth 401435 68,70,000 128345 46,73,549 273090 21,96,451
7. ICICI Prudential Income Opportunities
Fund Retail Growth 333458 50,00,000 537389 87,30,000 333458 50,00,000 537389 87,30,000
8. HDFC Medium Term Opportunities Fund Growth 1565508 2,00,00,000 1565508 2,00,00,000
9. Sundaram Flexible Fund Flexible Income Plan
Regular Growth 681957 1,14,00,000 681957 1,14,00,000
Carried Over 5,32,07,455 5,01,30,000 5,10,11,004 5,23,26,451
L.J. INTERNATIONAL LIMITED, CHENNAI
24
14.Templeton India Short Term Income
Retail Plan 1,961 50,00,000 1961 50,00,000
15. Templeton India Ultra Short Bond Fund 831279 83,43,118 826982 83,00,000 4297 43,118
Super Institutional Daily Dividend Plan
16. Kotak Floater Long Term - 42044 4,23,797 2626 26,471 44670 4,50,268 -
Daily Dividend - Reinvestment
TOTAL 5,36,31,252 8,85,96,589 5,97,61,272 8,24,66,569
31.03.2014 31.3.2013
8,24,66,569 5,36,31,252
L.J. INTERNATIONAL LIMITED, CHENNAI
NOTE: 11
TRADE RECEIVABLES
(a) Trade receivable outstanding for more than six
months from the date they become due for payment:
Unsecured Considered good Nil Nil
(b) Trade receivable (others)
Unsecured Considered good 1,52,23,285 1,30,74,386
1,52,23,285 1,30,74,386
NOTE: 12
CASH & CASH EQUIVALENT
Cash and Stamps on Hand 3,37,092 2,83,836
Balances with Banks
- In Current Account 42,45,033 31,83,572
- In Deposit Account 5,55,00,000 8,01,00,000
6,00,82,125 8,35,67,408
Balances with Banks
- In Dividend /Capital Account 20,73,185 18,60,860
- In Margin Money Deposit for Issue of Guarantee 8,11,150 3,17,150
28,84,335 21,78,010
6,29,66,460 8,57,45,418
Bank deposit with more than 12 months maturity 4,20,00,000 2,80,00,000
NOTE: 13
SHORT TERM LOANS & ADVANCES:
Considered good - Unsecured
Advances recoverable in cash or in kind or for value to be received 21,05,502 12,83,634
Others - Accrued Income 63,36,485 37,25,721
Tax payments pending adjustment 77,61,134 50,62,039
1,62,03,121 1,00,71,394
25
L.J. INTERNATIONAL LIMITED, CHENNAI
NOTE: 15
OTHER INCOME
Income from Investments 3,43,780 1,87,633
Interest Received 59,23,019 59,96,616
Profit on Sale/redemption of Investments 90,59,524 35,45,032
Profit on sale of assets 6,48,488 71,364
Miscellaneous Receipts 8,78,307 18,73,680
1,68,53,118 1,16,74,325
NOTE: 16
COST OF MATERIAL CONSUMED:
Consumption of Chemical, Stores and Plants 1,72,77,718 1,61,45,196
NOTE: 17
CHANGES IN INVENTORIES
(INCREASE) / DECREASE IN STOCK
TISSUE CULTURE - Live Plants
Opening Stock 36,54,101 30,34,990
Closing Stock 41,41,895 36,54,101
(4,87,794) (6,19,111)
NOTE: 18
EMPLOYEE BENEFIT EXPENSES
Salaries, Wages and Bonus 3,87,11,114 3,25,20,813
Contribution to Provident & other Funds 42,59,618 44,20,766
Provision for Gratuity (1,66,252) (2,21,395)
Provision for Leave Encashment 1,59,774 71,279
Welfare Expenses 21,10,742 17,75,095
4,50,74,996 3,85,66,558
26
L.J. INTERNATIONAL LIMITED, CHENNAI
31.03.2014 31.03.2013
NOTE: 19 ` `
OTHER EXPENSES
Rent 14,87,495 16,96,517
Rates and Taxes 1,38,674 1,21,736
Duty on DTA Sales 12,19,971 5,53,005
Insurance 3,87,578 3,63,021
Printing & Stationery 5,08,825 4,83,407
Postages and Telephones 4,87,250 3,28,927
Travelling and Conveyance 50,57,652 35,19,976
Freight and Transport 65,93,261 54,46,015
Power, Fuel and Water 86,27,306 1,12,86,684
Directors Sitting Fees 1,40,000 1,33,000
Remuneration to Auditors:
For Audit 5,00,000 5,00,000
For Certification/Tax Audit 1,90,000 1,90,000
For Tax Representation 1,60,000 2,60,000
For Travelling and Other Expenses 1,81,000 1,21,500
For Service Tax 1,27,432 1,32,437
Repairs and Maintenance:
Buildings 14,98,515 17,31,341
Machinery 23,41,526 20,79,047
Vehicles 20,78,492 17,76,327
Others 19,89,775 15,56,220
Exchange Fluctuations - 1,02,114
Miscellaneous Expenses 31,85,459 33,22,076
3,69,00,211 3,57,03,350
NOTE: 20
FINANCE COST
Interest Expense 76,682 -
76,682 -
27
L.J. INTERNATIONAL LIMITED, CHENNAI
NOTES ON ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2014 (Contd.)
NOTE - 21
Stores and Spares Consumed: Year Ended Year Ended
31.03.2014 31.03.2013
` % ` %
a) Imported 24,44,964 14.15 23,29,973 14.43
b) Indigenous 1,48,32,754 85.85 1,38,15,223 85.57
1,72,77,718 100.00 1,61,45,196 100.00
31.03.2014 31.03.2013
NOTE - 22 ` `
Earnings Per Share (EPS)
The following reflects the profit and share data used in the basic EPS computation:
Profit/(Loss) after tax 1,56,94,368 28,43,838
Less: Dividends on convertible preference shares and tax thereon - -
Net profit/(Loss) for calculation of Basic EPS 1,56,94,368 28,43,838
Net Profit as above - Net profit for calculation of diluted EPS 1,56,94,368 28,43,838
Number of equity shares in calculating EPS 5,40,000 5,40,000
Basic EPS 29.06 5.27
Diluted EPS 29.06 5.27
NOTE - 23
Earnings in Foreign Exchange
FOB Value of Exports 7,06,22,363 5,90,67,017
NOTE - 24
Expenditure in Foreign Exchange:
Travelling 10,61,260 11,71,153
Freight and Transport 65,840 4,79,248
Plants and seeds 43,20,421 49,53,090
Total 54,47,521 66,03,491
NOTE - 25
CIF Value of Imports:
Plants and seeds 43,20,421 49,53,090
Stores and Chemicals 25,11,408 28,16,335
Maintenance materials 2,95,539 2,75,493
Total 71,27,368 80,44,918
28
L.J. INTERNATIONAL LIMITED, CHENNAI
NOTES ON ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2014 (Contd.)
NOTE - 26
The Operations of the company relates to Tissue Culture of Live Plants which is the only business segment and therefore
no separate reporting is made.
NOTE - 27
RELATED PARTY TRANSACTIONS:
Following associate companies are related to the Company on account of common control through Constitution of
Board / Shareholdings:
AV AV Thomas & Company Limited Midland Latex Products Limited
A V Thomas International Limited The Highland Produce Company Limited
A V Thomas Investments Company Ltd The Rajagiri Rubber & Produce Co Ltd
The Midland Rubber & Produce Co Ltd Rajagiri Impex Ltd.
The Nelliampathy Tea & Produce Co Ltd Dalp Trading & Manufacturing Limited
Neelamalai Agro Industries Limited Dalp Holding Singapore Pte Limited
AVT Natural Products Limited A V Thomas Leather & Allied Products Pvt Ltd
AVT McCormick Ingredients Private Ltd A V Thomas Exports Limited
Teleflex Medical Private Limited Ajit Thomas Holdings Private Limited
AVT Holdings Private Limited Midland Corporate Advisory Services Private Ltd.
AVT Natural Pte Ltd. Midland Natural Pte Limited
AVT Wood Products Pvt. Ltd. AVT Gavia Foods Pvt. Ltd.
AVTS2 Virtual Lifestyle Pvt Ltd. AVT Tea Services Ltd., U.K.
Dalp Benevolent Trust
Key Management Personnel: Mr.Dilip Thomas, Chairman
Key Management Personnel
Particulars Associates
(Including Relatives)
31.03.2014 31.03.2013 31.03.2014 31.03.2013
` ` ` `
EXPENDITURE:
Rent 30,000 30,000
C & F charges paid 56,56,001 58,07,781
Purchases 92,336 81,256
Purchase of Assets 8,40,000 2,25,000
Sitting Fees 98,000 1,12,000
Remuneration 5,90,000 3,00,000
Dividend 12,24,140 24,48,280 4,28,720 8,57,440
Common Utility Charges 60,000 60,000
INVESTMENTS:
Investment in Equity Shares 24,50,000 Nil
BALANCE:
Debit balances Nil Nil
Credit balances 13,88,798 11,99,767
29
L.J. INTERNATIONAL LIMITED, CHENNAI
NOTES ON ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014 (Contd.)
NOTE : 28
Employee Benefits:
The Company has adopted the Accounting Standard (AS)-15 (Revised) on Employee Benefits with effect
from 1st April 2007
i) Defined Benefit Plans:
a) Description of the Companys defined benefit plan:
i) Gratuity Scheme:
This is a funded defined benefit plan for qualifying employees for which, the Company makes contribution
to the Gratuity Fund managed by the Life Insurance Corporation of India. The scheme provides for
a lumpsum payment to vested employees at retirement, death while in employment or on termination
of employment. Vesting occurs upon completion of five years of service.
ii) Leave Encashment:
The company also operates a non funded leave encashment scheme for its employees.
b) Reconciliation of changes in the Present Value of Obligation:
31.03.2014 31.03.2013
Leave Leave
Gratuity Encashment Gratuity Encashment
Funded Non Funded Funded Non Funded
` ` ` `
Present Value of the Obligation as on 01.04.2013 1,08,81,984 39,81,202 98,21,737 39,09,923
Current Service Cost 6,76,986 2,88,331 7,72,471 3,76,664
Interest Cost 8,68,309 2,83,918 8,25,417 3,03,478
Benefits Paid (56,233) (8,64,466) (4,47,719) (7,62,217)
Actuarial loss / (gain) (5,46,558) 4,51,991 (89,922) 1,53,354
Present Value of the Obligation as on 31.3.14 1,18,24,488 41,40,976 1,08,81,984 39,81,202
d) The total expense recognised in the profit and loss account is as follows:
Current Service Cost 6,76,986 2,88,331 7,72,471 3,76,664
Interest Cost 8,68,309 2,83,918 8,25,417 3,03,478
Expected return on plan assets (9,61,868) N.A (8,55,170) N.A
Net Actuarial (gain) / loss recognised in the year (5,05,634) 4,51,991 (97,491) 1,53,354
77,793 10,24,240 6,45,227 8,33,496
30
L.J. INTERNATIONAL LIMITED, CHENNAI
NOTES ON ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014 (Contd.)
NOTE : 28 (Contd.)
Employee Benefits: (Contd.)
31.03.2014 31.03.2013
Leave Leave
Gratuity Encashment Gratuity Encashment
Funded Non Funded Funded Non Funded
` ` ` `
e) Reconciliation of Net Liability recognised on the Balance Sheet:
Net Liability as at the beginning of the year 4,63,675 39,81,202 6,85,070 39,09,923
Add: Expense as (d) above 77,793 10,24,240 6,45,227 8,33,496
Less: Employers Contribution / Payment 2,44,045 8,64,466 8,66,622 7,62,217
Net Liability as at the end of the year 2,97,423 41,40,976 4,63,675 39,81,202
The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and
other relevant factors such as demand and supply in the employment market.
31
L.J. INTERNATIONAL LIMITED, CHENNAI
NOTES ON ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014 (Contd.)
NOTE - 29
Due to Micro and Small Enterprises:
The Company has initiated the process of obtaining confirmation from suppliers who have registered themselves under
the Micro, Small and Medium Enterprises Development Act, 2006. Based on the information available with the Company,
the principal amount due to Micro & Small Enterprises as on 31.3.2014 is ` Nil (Previous Year ` NIL). There are no
overdue principal amounts and therefore no interest is paid or payable.
NOTE - 30
Accounting for Tax on Income:
The impact of deferred tax on income for the year is considered not material and hence not recognised.
NOTE - 31
Figures for the previous year are regrouped wherever considered necessary.
Vide our report of date attached For and on behalf of the Board
For SURI & CO.
Chartered Accountants
Firm Regn.No.004283S
G. RENGARAJAN DILIP THOMAS M.K. KOSHY
Chennai, Partner Chairman Director
29th May 2014 Membership No. 219922
32
L.J. INTERNATIONAL LIMITED, CHENNAI
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2014
Previous Year
` ` `
A. CASH FLOW FROM OPERATING ACTIVITIES :
NET PROFIT BEFORE TAX AND EXTRAORDINARY ITEMS 2,15,94,368 44,43,838
ADJUSTMENTS FOR :
Depreciation 38,86,616 40,16,015
Profit on sale of Assets (6,48,488) (71,364)
Profit on sale of investments (90,59,524) (35,45,032)
Provision for Gratuity / Leave Encashment (6,478) (1,50,116)
Provision for bonus 72,250 (26,100)
Interest Received (59,23,019) (59,96,616)
Income from Investments (3,43,780) (1,87,633)
Interest Paid 76,682 Nil
(1,19,45,741) (59,60,846)
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 96,48,627 (15,17,008)
ADJUSTMENTS FOR :
Trade and other Receivables (21,48,899) (3,50,093)
Inventories (3,02,799) (17,46,664)
Trade Payables and other current liabilities 24,25,224 (23,00,846)
Other Current Assets (15,28,193) 15,29,673
(15,54,666)
CASH GENERATED FROM OPERATIONS 80,93,961 (43,84,937)
Direct Taxes Paid (40,76,836) (27,86,260)
CASH FLOW BEFORE EXTRAORDINARY ITEMS 40,17,125 (71,71,197)
Extraordinary Items Nil Nil
NET CASH FROM OPERATING ACTIVITIES 40,17,125 (71,71,197)
33
L.J. INTERNATIONAL LIMITED, CHENNAI
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2014 (Contd.)
Previous Year
` `
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from long term borrowings 17,02,581 Nil
Dividend Paid (31,58,865) (62,76,015)
(2,34,85,283) 2,23,95,294
Vide our Report of date attached For and on behalf of the Board
For SURI & CO.
Chartered Accountants
Firm Regn No.004283S
G.RENGARAJAN DILIP THOMAS M.K.KOSHY
Partner Chairman Director
Chennai Membership No.219922
29th May, 2014
AUDITORS CERTIFICATE
We have examined the aforesaid Cash Flow Statement of THE SHEVEROY ESTATES
LTD. for the year ended 31st March, 2008. The Statement has been prepared by
the Company in accordance with the requirements of listing agreement of clause
32 with Madras Stock Exchange and is based on and in agreement with the
corresponding Profit and Loss Account and Balance Sheet of the Company covered
by our report of even date to the members of the Company.
34
L.J. INTERNATIONAL LIMITED, CHENNAI
35
2006/2007 1,37,18,680 59,19,201 55,00,000 50,00,000 27,00,000 50
2007/2008 2,15,60,225 64,83,398 65,00,000 50,00,000 27,00,000 50
2008/2009 57,29,678 57,90,990 60,00,000 1,00,00,000 27,00,000 50
2009/2010 55,66,193 50,00,993 30,00,000 25,00,000 27,00,000 50
2010/2011 11,49,271 45,07,132 6,00,000 1,50,000 27,00,000 50
2011/2012 1,08,14,672 44,26,854 46,00,000 1,00,00,000 54,00,000 100
2012/2013 28,43,838 40,16,015 16,00,000 3,00,000 27,00,000 50
2013/2014 1,56,94,368 38,86,616 59,00,000 1,00,00,000 54,00,000 100*
* Recommended
L.J. INTERNATIONAL LIMITED
CIN: L01131TN1943PLC002723
NO. 60, RUKMANI LAKSHMIPATHI SALAI, EGMORE, CHENNAI-600008
PROXY FORM
[Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies (Management and
Administration) Rules, 2014]
E-mail Id :
Folio No/ Client Id :
DP ID :
I/We, being the member (s) holding .. shares of the above named company, hereby appoint
1. Name :
Address :
E-mail Id :
Signature : ............ or failing him
2. Name :
Address :
E-mail Id :
Signature : ........ or failing him
3. Name :
Address :
E-mail Id :
Signature : ..........
as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 71st Annual general meeting of the
company, to be held on Wednesday, the 24th day of September 2014 at 12.30 P.M at its Registered Office at No.60,
Rukmani Lakshmipathi Salai, Egmore, Chennai-600008 and at any adjournment thereof in respect of such resolutions
as are indicated overleaf:
Note : This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of
the Company, not less than 48 hours before the commencement of the Meeting.
Resolution Resolution Vote (Optional)
Number
Evoting Process
Dear Shareholders,
The instructions for members for voting electronically are as under:-
In compliance with provisions of Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management
and Administration) Rules, 2014, the Company is pleased to provide Members facility to exercise their right to vote at
the 71st Annual General Meeting (AGM) by electronic means and the business may be transacted through e-Voting
Services provided by Central Depository Services Limited (CDSL):
In case of members receiving e-mail:
(i) Log on to the e-voting website www.evotingindia.com
(ii) Click on Shareholders tab.
(iii) Now, select the COMPANY NAME from the drop down menu and click on SUBMIT
(iv) Now Enter your User ID (For CDSL: 16 digits beneficiary ID, For NSDL: 8 Character DP ID followed by 8 Digits Client
ID, Members holding shares in Physical Form should enter Folio Number registered with the Company and then
enter the Captcha Code as displayed and Click on Login.
(v) If you are holding shares in Demat form and had logged on to www.evotingindia.com and voted on an earlier
voting of any company, then your existing password is to be used. If you are a first time user follow the steps given
below.
(vi) Now, fill up the following details in the appropriate boxes:
For Members holding shares For Members holding shares
in Demat Form in Physical Form
PAN* Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department
(Applicable for both demat shareholders as well as physical shareholders)
DOB# Enter the Date of Birth as recorded in your demat account or in the company
records for the said demat account or folio in dd/mm/yyyy format.
Dividend Enter the Dividend Bank Details as recorded in your demat account or in the company
Bank Details# records for the said demat account or folio.
* Members who have not updated their PAN with the Company/Depository Participant are requested to use the
first two letters of your name and the sequence number in the PAN field. Eg. If your name is Ramesh Kumar with
sequence number 1 then enter RA00000001 in the PAN field. (Sl. No. mentioned in your address label can be used
as Sequence No. for this purpose)
# Please enter any one of the details in order to login. Incase either of the details are not recorded with the
depository please enter the <Default Value> in the Dividend Bank details field.
(vii) After entering these details appropriately, click on SUBMIT tab.
(viii) Members holding shares in physical form will then reach directly the Company selection screen. However, members
holding shares in demat form will now reach Password Creation menu wherein they are required to mandatorily
enter their login password in the new password field. Kindly note that this password is to be also used by the
demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that
company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with
any other person and take utmost care to keep your password confidential.
(ix) For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained
in this Notice.
(x) Click on <Company Name> on which you choose to vote.
(xi) On the voting page, you will see Resolution Description and against the same the option YES/NO for voting.
Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO
implies that you dissent to the Resolution.
(xii) Click on the Resolutions File Link if you wish to view the entire Resolutions.
(xiii) After selecting the resolution you have decided to vote on, click on SUBMIT. A confirmation box will be displayed.
If you wish to confirm your vote, click on OK, else to change your vote, click on CANCEL and accordingly
modify your vote.
(xiv) Once you CONFIRM your vote on the resolution, you will not be allowed to modify your vote.
(xv) You can also take out print of the voting done by you by clicking on Click here to print option on the Voting
page.
(xvi) If Demat account holder has forgotten the changed password then Enter the User ID and Captcha Code click on
Forgot Password & enter the details as prompted by the system.
(xvii) Institutional shareholders (i.e. other than Individuals, HUF, NRI etc.) are required to log on to https://
www.evotingindia.co.in and register themselves as Corporates. After receiving the login details they have to link
the account(s) which they wish to vote on and then cast their vote. They should upload a scanned copy of the
Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, in PDF
format in the system for the scrutinizer to verify the same.
In case of members receiving the physical copy:
(A) Please follow all steps from sl. no. (i) to sl. no. (xvii) above to cast vote.
(B) The voting period begins on 16th September, 2014, Tuesday (9:00 a.m.) and ends on 18th September, 2014,
Thursday (6:00 p.m.). During this period shareholders of the Company, holding shares either in physical form or
in dematerialized form, as on the cut-off date (record date) of 14th August, 2014, may cast their vote electronically.
The e-voting module shall be disabled by CDSL for voting thereafter.
(C) In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions (FAQs)
and e-voting manual available at www.evotingindia.co.in under help section or write an email to
helpdesk.evoting@cdslindia.com.
General Instructions
i) Mr. V. Suresh, Practising Company Secretary (Membership No. FCS 2969) has been appointed as the Scrutinizer
to scrutinize the e-Voting process in a fair and transparent manner.
ii) The Scrutinizer shall, within a period not exceeding three(3) working days from the conclusion of the e-Voting
period unblock the votes in the presence of at least two(2) witnesses not in the employment of the Company and
make a Scrutinizer's Report of the votes cast in favour or against, if any, forthwith to the Chairman of the Company.
iii) The voting rights of shareholders shall be in proportion to their shares of the paid up equity share capital of the
Company as on 14th August, 2014.
iv) The Results shall be declared at the AGM of the Company. The Results declared along with the Scrutinizer's
Report shall be placed on the Company's website www.avtbiotech.com and on the website of CDSL within two(2)
days of passing of the resolutions at the AGM of the Company and communicated to the Stock Exchanges.