Close
x
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c
  • SENSEX Oct 30 2020 12:00
    39,614.07 -135.78 (-0.34%)
  • NIFTY Oct 30 2020 12:00
    11,642.40 -28.40 (-0.24%)
  • SENSEX Oct 30 2020 12:00
    39,614.07 -135.78 (-0.34%)
  • NIFTY Oct 30 2020 12:00
    11,642.40 -28.40 (-0.24%)
  • Nasdaq Oct 31 2020 04:30
    10,911.59 -274.00 (-2.45%)
  • DJIA Oct 31 2020 04:30
    26,501.60 -157.50 (-0.59%)
  • S&P 500 Oct 31 2020 04:30
    3,269.96 -40.15 (-1.21%)
  • Hang Seng Oct 30 2020 02:10
    24,107.42 -479.18 (-1.95%)
  • Crude Oil Oct 30 2020 11:29
    2,639.00 -59.00 (-2.19%)
  • Gold Oct 30 2020 11:29
    50,700.00 +418.00 ( +0.83%)
  • Silver Oct 30 2020 11:29
    60,920.00 +748.00 ( +1.24%)
  • Copper Oct 30 2020 11:29
    525.80 -2.90 (-0.55%)
  • Pound / Rupee Dec 23 2016 22:30
    96.11 +0.10 ( +0.10%)
  • Dollar / Rupee Dec 23 2016 22:30
    74.16 +0.30 ( +0.41%)
  • Euro / Rupee Dec 23 2016 22:30
    86.82 0.00 (0.00%)
  • Yen / Rupee Dec 23 2016 22:30
    0.71 0.00 ( +0.27%)

Farmax India Ltd

BSE Code : 590094 | NSE Symbol : FARMAXIND | ISIN:INE890I01035| SECTOR : FMCG |

NSE BSE
 
SMC up arrow

0.05

0.00 0.00 Volume 280564

02-Jul-2018 EOD

Prev. Close

0.05

Open Price

0.05

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 0.05 - 0.05

52 wk High/Low 0.05 - 0.00

Key Stats

MARKET CAP (RS CR) 2.67
P/E 0
BOOK VALUE (RS) 0.2843215
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0
PRICE/BOOK 0.175857260179058
DIV YIELD.(%) 0
FACE VALUE (RS) 1
DELIVERABLES (%) 100
4

News & Announcements

03-Dec-2019

Farmax India Ltd - Farmax India Limited - Public Announcement-Delisting

19-May-2018

Farmax India schedules EGM

24-Dec-2016

Farmax India closes subsidiary - Farmax International FZE

25-Oct-2016

Farmax India to hold board meeting

30-Aug-2016

Farmax India to hold AGM

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
ADF Foods Ltd 519183 ADFFOODS
Agro Dutch Industries Ltd 519281 AGRODUTCH
Amajin Agro Exports 531708
Ambuja Flour Mills Ltd 519142
Ampro Products Ltd 519345
Amrit Corp Ltd 507525
Amrut Industries Ltd (Wound-up) 500011 AMRUTIND
Anjani Foods Ltd 511153
Anmol Dairy Ltd (Merged) 519510
ANS Industries Ltd 531406
Apis India Ltd 506166
Aravali Industries Ltd 521339 ARAVALIIND
Asian Lakto Industries Ltd 531285
Asian Vegpro Industries Ltd 530413
Asiatic Food (Exports) Ltd 531133
Avanti Feeds Ltd 512573 AVANTIFEED
AVI Export (India) Ltd (Wound-up) 531379
Baba Agro Food Ltd 535007 BABAFOOD
Bagrrys India Ltd 40328
Balaji Foods & Feeds Ltd (Merged) 519291 BALAJIFOOD
Bambino Agro Industries Ltd 519295
Bambino Food Industries Ltd (Merged) 530137
Bharatpur Nutritional Products Ltd 519393
Bilati (Orissa) Ltd 531906
Blue Heavens Agro Industries Ltd 40427
Cepham Milk Specialities Ltd 524810 CEPHAMILK
Chamanlal Setia Exports Ltd 530307
Chordia Food Products Ltd 519475
Chothani Foods Ltd 540681
Classic Mushrooms Ltd 532136
Coduras Exports Ltd (Wound-up) 530849
Concert Spices & Exports Ltd 523568
Confro Agros Ltd 519554
Cremica Agro Foods Ltd 40181
Cryptogen Agro Industries Ltd 531656
Dangee Dums Ltd 535104 DANGEE
Deccan Health Care Ltd 542248
DFM Foods Ltd 519588 DFMFOODS
Dharnendra Industries Ltd 519134 DHARNENIND
Doon Valley Rice Ltd 531226 DOONVALLEY
Eastern Overseas Ltd 519391 EASTOVERSE
Eco Friendly Food Processing Park Ltd 534839
Energy Products (I) Ltd 531620
Esteem Bio Organic Food Processing Ltd 534927
Estel Agrotech Ltd 532087
Euro India Fresh Foods Ltd 538412 EIFFL
Fine Agromation Ltd 40317
Flex Foods Ltd 523672
Florence Agro Developers Ltd 40426
Foods & Inns Ltd 507552
Fortune Foods Ltd 519187
Freshtrop Fruits Ltd 530077
Genomics Biotech Ltd 524011
Global Foods Ltd 519498
Goa Fruit Specialities Ltd 531477
Godrej Agrovet Ltd 540743 GODREJAGRO
Goga Foods Ltd 40481
Goldcoin Health Foods Ltd 538542
Golden Proteins Ltd 519025
Great Western Industrial Ltd 531504
GRM Overseas Ltd 531449
Gujarat Aqua Industries Ltd 519347
Gujarat Dehyd Foods Ltd 526135
Has Lifestyle Ltd 780014
Hatsun Agro Product Ltd 531531 HATSUN
Heritage Foods Ltd 519552 HERITGFOOD
Herman Milkfoods Ltd 519428
Himalaya Food International Ltd 526899
Himalayan Vegefruit Ltd 40263
Himgiri Foods Ltd 519244
Hind Industries Ltd 526307 HINDIND
Hindustan Foods Ltd 519126 HNDFDS
IB Infotech Enterprises Ltd 519463
Inceptum Enterprises Ltd 538541
Indage Restaurants & Leisure Ltd 532264
Indian Food Fermentations Ltd 519365
Indiana Dairy Specialities Ltd (Wound-up) 519329 INDAIRYSPE
Indo Biotech Foods Ltd 519222 INDBIOFOOD
Indo Britain Agro Farms Ltd 530911
Indo Dutch Protiens Ltd 519576
Indo French Biotech Enterprises Ltd 519538 INDOFREBIO
Indusmin Foods Ltd 531128
Industrial Progressive (India) Ltd 526021
Jagdamba Foods Ltd 519578
Jasmina Industries Ltd 519271
Jhandewalas Foods Ltd 540850
K J International Ltd 519548 KJINTL
Kanaiya Foods(I) Ltd 519540
Kartikeya Agro Products Ltd 519435
Kesar Greenfield International Ltd 531967
KMG Milk Food Ltd 519415
Kohinoor Foods Ltd 512559 KOHINOOR
Kore Foods Ltd 500458 PHILCORP
Kothari Fermentation & Biochem Ltd 507474
Kovilpatti Lakshmi Roller Flour Mills Ltd 507598 KLRF
KRBL Ltd 530813 KRBL
KSE Ltd 519421 KSE
Kutch Salt & Allied Industries Ltd 506540
Kwality Ltd 531882 KWALITY
L T Foods Ltd 532783 DAAWAT
Lakshmi Energy & Foods Ltd 519570 LAKSHMIEFL
Lilac Exports Ltd 519608
Lotte India Corporation Ltd 590004 LOTTEINDIA
Lotus Chocolate Company Ltd 523475
Madhur Industries Ltd 519279 MADHURFOOD
Mahaan Foods Ltd 519612
Mahavira Foods Ltd 519433
Manpasand Beverages Ltd 539207 MANPASAND
Mansarovar Bottling Company Ltd (Merged) 519094
Maxworth Orchards (India) Ltd 500272 MARUTIORGN
Maxworth Orchards International Ltd (Wound-up) 531296
Megastar Foods Ltd 541352
Mehar Dairy Industries Ltd 519379 THAPARMILK
Milk Partners India Ltd 519335
Milk Specialities Ltd 519403
Milkfood Ltd 507621
Mishtann Foods Ltd 539594
Modern Dairies Ltd 519287
Mount Everest Mineral Water Ltd 531096
N P Chewing Gums Ltd 519081
Nakoda Group of Industries Ltd 541418
Narmada Agrobase Ltd 535072 NARMADA
Natura Hue Chem Ltd 531834
Natural Expo Agro Industries Ltd 530671
Naturite Agro Products Ltd 538926
NHC Foods Ltd 517554
Nijjer Agro Foods Ltd 519168
Nikumbh Dairy Products Ltd 519264
Nimbus Foods Industries Ltd 531598
Oceanic Foods Ltd 540405
Orient Vegetexpo Ltd 519564
Oswal Agro Furane Ltd 500316 OSWALAGFUR
Ovobel Foods Ltd 530741
Parag Milk Foods Ltd 539889 PARAGMILK
Pioneer Cashew Industries Ltd 531264
Prabhat Dairy Ltd 539351 PRABHAT
Prataap Snacks Ltd 540724 DIAMONDYD
R T Exports Ltd 512565
Raghuvansh Agrofarms Ltd 538921
Rajhans Foods Ltd 531193
Ravalgaon Sugar Farm Ltd 507300 RAVALSUGAR
RCL Foods Ltd 530923
RCL Retail Ltd 534708
Ready Foods Ltd 519250 READYFOOD
Regent Agro Products Ltd 531848
REI Agro Ltd 532106 REIAGROLTD
Reil Products Ltd (Liquidated) 519524 REILPROD
Rishabh Agro Industries Ltd 519277
Rishabh Food Products Ltd 519179
Riverdale Foods Ltd 530157
RMI Foods Ltd 519375
Saboo Sodium Chloro Ltd 530461
Sahas Agro Ltd 519526
Salstar Foods & Beverages Ltd 519075
Sampre Nutritions Ltd 530617
Sanwaria Consumer Ltd 519260 SANWARIA
Saptarishi Agro Industries Ltd 519238
Sarveshwar Foods Ltd 535054 SARVESHWAR
Sathe Biscuit & Chocolate Co Ltd 507650
Shah Foods Ltd 519031
Shanti Overseas (India) Ltd 538443 SHANTI
Sheetal Cool Products Ltd 540757
Shiva Egg Products Ltd (Wound-up) 530995
Shri Vardhman Overseas Ltd 512610
Siddhivinayak Dairy & Food Products Ltd 531231
Sita Shree Food Products Ltd 532961 SITASHREE
SKM Egg Products Export (India) Ltd 532143 SKMEGGPROD
Soni Soya Products Ltd 535069 SONISOYA
South Asian Mushroom Ltd 531948
Sparkle Foods Ltd 531313
Spectrum Foods Ltd 531982
Sri Skandan Industries Ltd 531604
Sugam Agro-Tech Ltd 531405
Sunil Agro Foods Ltd 530953
Super Bakers (India) Ltd 530735
Supplementary Foods (India) Ltd 519236
SYP Agro Foods Ltd 519313
Tanvi Foods (India) Ltd 540332
Tarai Foods Ltd 519285
Tasty Bite Eatables Ltd 519091 TASTYBITE
Tasty Dairy Specialities Ltd 540955
Temptation Foods Ltd 519228
Thapar Foods Ltd 519162
Trans Agro Tech Ltd 530527
Trans Techno Foods Ltd 519496
Transglobe Foods Ltd 519367
Tricom Fruit Products Ltd 531716
Tropical Orchards & Aqua Products Ltd 40250
UFM Industries Ltd 531610
Umang Dairies Ltd 500231 UMANGDAIRY
Unified Agro Industries Ltd 519582
Unique Organics Ltd 530997
Universal Vita Alimentare Ltd 519204
Usher Agro Ltd 532765 USHERAGRO
Vadilal Dairy International Ltd 519451
Vadilal Industries Ltd 519156 VADILALIND
Varun Beverages Ltd 540180 VBL
Vidiani Agrotech Industries Ltd 526453 VIDANIAGRO
Vinsari Fruitech Ltd 532020
Vintage Foods & Industries Ltd 531940
Virat Crane Industries Ltd 519457
Vishal Agritech India Ltd 531596
Vishal Lakto (India) Ltd 519252
Vishnupriya Agro Industries Ltd 512002
Vital Foods Ltd 523501
Western Foods Ltd 519558
Western Fruit & Vegetable Ltd 519321
Winfarm Agro Industries Ltd 519381
Zydus Wellness Ltd 531335 ZYDUSWELL

Share Holding

Category No. of shares Percentage
Total Foreign 9840926 1.84
Total Institutions 0 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 69705951 13.05
Total Promoters 165470249 30.98
Total Public & others 289154301 54.13
Total 534171427 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Farmax India Ltd

Farmax India Ltd is a fast moving consumer goods company. The company manufactures and distributes high margin FMCG products like toothpaste, hair oil, soaps & detergents, pasta & vermicelli, atta etc at their GMP facilities located at Bowrampet, Hyderabad. The company has strong presence in the consumer goods sectors. They have their distribution network in nine states with more than 600 distributors and approximately 400,000 retail outlets situated in rural and semi urban areas. Farmax India Ltd was incorporated on November 8, 1995 with the name Bhagyanagar Castings Ltd. During the year 2007-08, Farmax Health & Food Products Pvt Ltd was amalgamated with the company and the company was renamed as Farmax Retail India Ltd. Also, they acquired business and assets of Obex Hygienic Products, a partnership firm engaged in manufacturing and marketing of toilet soaps and mosquito coils for a total consideration of Rs 3.50 crore. In March 1, 2007, the previous promoters of the company entered into a share purchase agreement with M Srinivasa Reddy for sale of their entire stake of 3,100,000 equity shares in the company and in July 16, 2007, the management of the company was changed to M Srinivasa Reddy. In October 2009, the company expanded their Vermicelli production capacity from 468 tones to 1188 tons per month by inaugurating a new fully automated Machine at their plant I at Bowrampet which was imported from Italy. With this capacity addition, the company became the second largest company in terms of installed capacity in India. In November 2009, the name of the company was changed from Farmax Retail (India) Ltd to Farmax India Ltd. In May 2010, the company launched 'whole wheat Atta' with brand name of 'Deevena' under Farmax mother brand in southern parts of India with 4 SKUs, Like 1 kg, 5 kg, 10 kg & 50 kg Bulk pack. The equity shares of the company were listed on the National Stock Exchange with effect from August 17, 2010. In September 4, 2010, the company inaugurated their new three production lines at new plants at their existing factory premises at Hyderabad. The new production lines were a new Atta plant with an annual production capacity of 12000 MT, Detergent Soap plant with an annual capacity of 18000 MT per annum, Detergent powder plant with an annual production capacity of 8,000 MT per annum and Toilet Soap plant with an annual production capacity of 2200 MT per annum. The company is in the process of launching the certain products, namely Tooth Paste 'Gel', Tooth Brushes, Shampoos, Detergent Soaps, Iodized Salt, Tooth Brushes, Shaving Cream and Note Books. On launching of these products, the company further broadens their portfolio of products catering to various needs of consumer. The company is having very strong dealer net-work all over Andhra Pradesh and is in the process of expanding and strengthening their net-work to other states as well as in the existing states. They are also planning to create one plat-form to maintain distribution chain with major dealers to spread the products of the company to other areas. The company is also planning to establish retail net-work in a big way by setting-up exclusive shops for the products of the company through the dealers mainly in semi-urban and rural areas aiming the lower middle class and low income groups who can not afford Multi-National Companies' branded products.

Farmax India Ltd Chairman Speech

Chairmans

Dear Shareholders,

Sub: Updation of contact details and Email-Ids

As you all know that The Ministry of Corporate Affairs has taken a 'Green Initiative in Corporate Governance' by issuing circulars allowing paperless compliances by Companies through electronic mode. The Shareholders can now receive various notices and documents through electronic mode by registering their e-mail addresses with the Company. Shareholders who have not registered their e-mail address with the Company can now register the same by submitting there Email Ids at info@farmax.co.in.

Kindly note that soft copies of the notices and documents will be sent to the shareholders who had registered their email ids with the company. The shareholders who do not want to receive notices and documents through electronic mode may communicate the same to the email id of the Company mentioned above. Kindly also update the contact details if there are any changes in the registered contact details with us.

We are sure that as a responsible citizen, you will whole heartedly support this initiative and co-operate with the Company to make it a success.

Thanking You

For M/s. Farmax India Limited

Sd/-

M Srinivasa Reddy

Managing Director

   

Farmax India Ltd Company History

Farmax India Ltd is a fast moving consumer goods company. The company manufactures and distributes high margin FMCG products like toothpaste, hair oil, soaps & detergents, pasta & vermicelli, atta etc at their GMP facilities located at Bowrampet, Hyderabad. The company has strong presence in the consumer goods sectors. They have their distribution network in nine states with more than 600 distributors and approximately 400,000 retail outlets situated in rural and semi urban areas. Farmax India Ltd was incorporated on November 8, 1995 with the name Bhagyanagar Castings Ltd. During the year 2007-08, Farmax Health & Food Products Pvt Ltd was amalgamated with the company and the company was renamed as Farmax Retail India Ltd. Also, they acquired business and assets of Obex Hygienic Products, a partnership firm engaged in manufacturing and marketing of toilet soaps and mosquito coils for a total consideration of Rs 3.50 crore. In March 1, 2007, the previous promoters of the company entered into a share purchase agreement with M Srinivasa Reddy for sale of their entire stake of 3,100,000 equity shares in the company and in July 16, 2007, the management of the company was changed to M Srinivasa Reddy. In October 2009, the company expanded their Vermicelli production capacity from 468 tones to 1188 tons per month by inaugurating a new fully automated Machine at their plant I at Bowrampet which was imported from Italy. With this capacity addition, the company became the second largest company in terms of installed capacity in India. In November 2009, the name of the company was changed from Farmax Retail (India) Ltd to Farmax India Ltd. In May 2010, the company launched 'whole wheat Atta' with brand name of 'Deevena' under Farmax mother brand in southern parts of India with 4 SKUs, Like 1 kg, 5 kg, 10 kg & 50 kg Bulk pack. The equity shares of the company were listed on the National Stock Exchange with effect from August 17, 2010. In September 4, 2010, the company inaugurated their new three production lines at new plants at their existing factory premises at Hyderabad. The new production lines were a new Atta plant with an annual production capacity of 12000 MT, Detergent Soap plant with an annual capacity of 18000 MT per annum, Detergent powder plant with an annual production capacity of 8,000 MT per annum and Toilet Soap plant with an annual production capacity of 2200 MT per annum. The company is in the process of launching the certain products, namely Tooth Paste 'Gel', Tooth Brushes, Shampoos, Detergent Soaps, Iodized Salt, Tooth Brushes, Shaving Cream and Note Books. On launching of these products, the company further broadens their portfolio of products catering to various needs of consumer. The company is having very strong dealer net-work all over Andhra Pradesh and is in the process of expanding and strengthening their net-work to other states as well as in the existing states. They are also planning to create one plat-form to maintain distribution chain with major dealers to spread the products of the company to other areas. The company is also planning to establish retail net-work in a big way by setting-up exclusive shops for the products of the company through the dealers mainly in semi-urban and rural areas aiming the lower middle class and low income groups who can not afford Multi-National Companies' branded products.

Farmax India Ltd Directors Reports

To the Members,

The Directors have pleasure in presenting before you the Annual Report of the Company together with the Audited Statements of Accounts for the year ended 31st March, 2016. The Company's performance is summarized below:

FINANCIAL SUMMARY/HIGHLIGHTS, OPERATIONS, STATE OF AFFARIS:

The performance during the period ended 31st March, 2016 has been as under:

(Rs. In Lakhs)

Particulars

Consolidated Results

Standalone Results

2015-16 2014-15 2015-16 2014-15
Total Income 1,669.73 2,282.97 1,669.73 2,282.97
Total Expenditure 2,652.37 2,497.33 2,647.86 2,493.08
Profit before exceptional items and Tax (982.64) (214.36) ( 978.13) (210.11)
Exceptional Item - - - -
Profit/(Loss) Before Tax (982.64) (214.36) ( 978.13) (210.11)
Less: Extra Ordinary Items - - - -
Less: Deferred Tax - - - -
Less: Provision of MAT - - - -
Net Profit/ (loss) after Tax (982.64) (214.36) ( 978.13) (210.11)
Balance Carried to Balance Sheet (982.64) (214.36) ( 978.13) (210.11)

REVIEW OF OPERATIONS:

During the year under review, the Company has recorded an income of Rs. 1669.73 Lakhs and Loss of Rs. 978.13 Lakhs as against the income of Rs. 2282.97 Lakhs and Loss of Rs. 210.11 Lakhs in the previous financial year ending 31.03.2015.

CHANGE IN THE NATURE OF BUSINESS, IF ANY:

During the period under review and the date of Board's Report there was no change in the nature of Business.

DEPOSITS FROM PUBLIC:

The Company has not accepted any deposits falling within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules 2014, during the financial year under review.

TRANSFER TO RESERVES:

Directors have decided not to transfer any amount to reserves for the year.

DIVIDEND:

Keeping the Company's revival plans in mind, your Directors have decided not to recommend dividend for the year.

REVISION OF FINANCIAL STATEMENTS:

There was no revision of the financial statements for the year under review.

DISCLOSURES UNDER SECTION 134(3)(l) OF THE COMPANIES ACT, 2013:

There have been no material changes and commitments, affecting the financial position of the Company which occurred during between the end of the financial year to which the financial statements relate and the date of this report.

PARTICULARS OF CONTRACTS OR ARRANGEMENT WITH RELATED PARTIES

The details of transactions/contracts/arrangements entered into by the Company with related party(ies) as defined under the provisions of Section 2(76) of the Companies Act, 2013, during the financial year under review, are furnished in detail somewhere else in the report (if applicable) and forms part of this Report.

DISCLOSURE UNDER SECTION 43(a)(ii) OF THE COMPANIES ACT, 2013:

The Company has not issued any shares with differential rights and hence no information as per provisions of Section 43(a)(ii) of the Act read with Rule 4(4) of the Companies (Share Capital and Debenture) Rules, 2014.

DISCLOSURE UNDER SECTION 54(1)(d) OF THE COMPANIES ACT, 2013:

The Company has not issued any sweat equity shares during the year under review and hence no information as per provisions of Section 54(1)(d) of the Act read with Rule 8(13) of the Companies (Share Capital and Debenture) Rules, 2014.

DISCLOSURE UNDER SECTION 62(1)(b) OF THE COMPANIES ACT, 2013:

The Company has not issued any equity shares under Employees Stock Option Scheme during the year under review and hence no information as per provisions of Section 62(1)(b) of the Act read with Rule 12(9) of the Companies (Share Capital and Debenture) Rules, 2014.

DISCLOSURE UNDER SECTION 67(3) OF THE COMPANIES ACT, 2013:

During the year under review, there were no instances of non-exercising of voting rights in respect of shares purchased directly by employees under a scheme pursuant to Section 67(3) of the Act read with Rule 16(4) of Companies (Share Capital and Debentures) Rules, 2014.

DETAILS OF SIGNIFICANT MATERIAL ORDERS PASSED BY REGULATORS, COURTS, TRIBUNALS, IMPACTING THE GOING CONCERN BASIS OF THE COMPANY:

• There were no significant material orders passed by regulators, courts, tribunals, impacting the going concern basis of the Company.

• During the year the income tax Appellate, tribunal, Hyderabad has passed the order in favour of the company pertaining to FY 2008-2009 AY 2009-2010.

CORPORATE GOVERNANCE:

A Separate section titled "Report on Corporate Governance" along with the Auditors' Certificate on Corporate Governance as stipulated under Regulation 34 read with Schedule V of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as a part of this Annual Report.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management discussion and analysis report for the year under review as stipulated under Regulation 4(3) read with schedule V , Part B of SEBI(Listing Obligations and Disclosure Requirements), Regulations 2015 with the stock exchange in India is presented in a separate section forming part of the annual report.

EXTRACT OF ANNUAL RETURN:

As required pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014, an extract of annual return in MGT 9 as a part of this Annual Report.

APPOINTMENT OF DIRECTORS / CEO / CFO AND KEY MANAGERIAL PERSONNEL:

During the year no Director/CEO/CFO and Key Managerial Personnel appointed.

AUTHORISED AND PAID UP CAPITAL OF THE COMPANY:

The authorized capital of the company stands at 60,00,00,000 /- divided into 60,00,00,000 equity shares of Rs.1/- each and The company's paid up capital at 53,41,71,427 divided into 53,41,71,427 equity shares of Rs 1/- each.

DECLARATION FROM INDEPENDENT DIRECTORS ON ANNUAL BASIS:

The Company has received declarations from Mr. A.V.Rama Raju, Mrs. Priyanka and Mr.E.Sudheer Reddy, Independent directors of the company to the effect that they are meeting the criteria of independence as provided in Sub-section (7) of Section 149 of the Companies Act, 2013 and Regulation 25 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Annexure - II

DIRECTOR'S RESPONSIBILITY STATEMENT:

In pursuance of section 134 (5) of the Companies Act, 2013, the Directors hereby confirm that:

a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

b) The Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period;

c) The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

d) The Directors had prepared the annual accounts on a going concern basis; and

e) The Directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

f) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

INFORMATION ABOUT THE FINANCIAL PERFORMANCE / FINANCIAL POSITION OF THE SUBSIDIARIES / ASSOCIATES:

The Company has one subsidiary company in the name and style as Farmax International FZE. There were no operations in the FZE for the financial year 2015-2016 The company in its recently concluded Board Meeting on 13-08-2016 decided to close the subsidiary Farmax International FZE.

STATUTORY AUDITORS:

M/s. Vijay Sai Kumar & Associates, Statutory Auditors of the company retires at the ensuing annual general meeting and is eligible for reappointment. As required under the provisions of Section 139 of the Companies Act, 2013, the Company has received a written consent from the auditors to their re-appointment and a certificate to the effect that their re-appointment, if made, would be in accordance with the Companies Act, 2013 and the rules framed there under and that they have satisfied the criteria provided in Section 141 of the Companies Act, 2013.

The Board recommends the re-appointment of M/s. Vijay Sai Kumar & Associates., as the statutory auditors of the Company from the conclusion of this Annual General meeting till the conclusion of the next Annual General Meeting.

INTERNAL AUDITOR:

Mr.Kushinder is the Internal Auditors of the company for the F.Y 2015-16.

SECRETARIAL AUDITOR:

The Board had appointed M/s. S.S.Reddy & Associates, Practicing Company Secretaries, Hyderabad, having CP No.7478 to conduct Secretarial Audit for the financial year 2015-16, pursuant to the provisions of Section 204 of the Companies Act, 2013 and Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The Secretarial Audit Report in Form MR - 3 for the financial year 2015- 16 is enclosed herewith as Annexure-I to this Report. The Secretarial Audit Report does not contain any observation or adverse remark.

Pursuant to the provisions of Section 134(3) (f) & Section 204 of the Companies Act, 2013, Secretarial audit report as provided by M/s. S. S. Reddy & Associates, Practicing Company Secretaries is annexed to this Report as annexure-I.

AUDIT REPORTS:

(a) Statutory Auditors Report:

The Board has duly reviewed the Statutory Auditor's Report on the Accounts for the year ended March 31, 2016 and has noted that the same does not have any reservation, qualification or adverse remarks. However, the Board decided to further strengthen the existing system and procedures to meet all kinds of challenges that may occur in the industry.

(b) Secretarial Audit Report:

The Board has duly reviewed the Secretarial Audit Report on the Compliances according to the provisions of section 204 of the Companies Act 2013 and there are no qualifications in the report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO:

The required information as per Sec.134 of the Companies Act 2013 is provided hereunder:

A. Conservation of Energy:

The Company's has been adopting Various Measures to conserve Energy

B. Technology Absorption:

1. Research and Development (R&D): NIL

2. Technology absorption, adoption and innovation: NIL

C. Foreign Exchange Earnings and Out Go:

Foreign Exchange Earnings: Rs. NIL

Foreign Exchange Outgo: Rs. NIL

CORPORATE SOCIAL RESPONSIBILTY POLICY:

Since your Company does not have net worth of Rs. 500 Crore or more or turnover of Rs. 1000 Crore or more or a net profit of Rs. 5 Crore or more during the financial year, section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility is not applicable and hence the Company need not adopt any Corporate Social Responsibility Policy.

SECRETARIAL STANDARDS

The company is in compliance with Secretarial Standards issued by The Institute of Company Secretaries of India on Meetings of the Board of Directors and General Meeting.

INSURANCE: NA

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The company has not given loans or Guarantees during the year under review.

CREDIT & GUARANTEE FACILITIES:

The Company has a Credit facility with SBI Bank to an extent of Rs. 32.86 Cores .However the same has become NPA.

DISCLOSURE OF INTERNAL FINANCIAL CONTROLS:

The Company has in place adequate internal control systems, which commensurate with its size, nature of business and complexity of its operations and are designed to provide a reasonable degree of assurance regarding the effectiveness and efficiency of operations, the adequacy of safeguard for assets, internal control over financial reporting, and compliance with applicable laws and regulations. Internal audit function evaluates the adequacy of and compliance with policies, plans, regulatory and statutory requirements.

The Internal Auditors directly report to the Board's Audit Committee, thus ensuring the independence of the process. It also evaluates and suggests improvement in effectiveness of risk management, controls and governance process. The Audit committee and Board provides necessary oversight and directions to the Internal audit function and periodically reviews the findings and ensures corrective measures are taken.

RISK MANAGEMENT POLICY:

Your Company follows a comprehensive system of Risk Management. Your Company has adopted a procedure for assessment and minimization of probable risks. It ensures that all the risks are timely defined and mitigated in accordance with the well-structured risk management process.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES:

Particulars of contracts or arrangements with related parties referred to in Section 188(1) of the Companies Act, 2013, in the prescribed Form AOC-2, is appended as Annexure III to the Board's report.

DISCLOSURE ABOUT COST AUDIT:

Cost Audit is not applicable for the financial year 2015-16.

RATIO OF REMUNERATION TO EACH DIRECTOR:

Under section 197(12) of the Companies Act, 2013, and Rule 5(1)(2) & (3) of the Companies(Appointment & Remuneration) Rules, 2014, the ratio of remuneration to maiden employees is 3.49:1. times in case of Mr.M. Srinivasa Reddy.

NON-EXECUTIVE DIRECTORS' COMPENSATION AND DISCLOSURES

None of the Independent / Non-Executive Directors has any pecuniary relationship or transactions with the Company which in the Judgment of the Board may affect the independence of the Directors.

INDUSTRY BASED DISCLOSURES AS MANDATED BY THE RESPECTIVE LAWS GOVERNING THE COMPANY

The Company is not a NBFC, Housing Companies etc., and hence Industry based disclosures is not required.

INDUSTRIAL RELATIONS:

Industrial relations remained cordial during the year. Employees' competencies and skills were enhanced by exposing them to several internal and external training programs. Various measures were taken to improve motivation level of employees.

HEALTH & SAFETY:

The Company provides a safe and healthy workplace for its employees by establishing the right safety culture across the organisation. The senior leadership is fully committed to the ultimate goal of zero injury to its employees and all stakeholders who are associated with the Company's operations. Emphasis is laid on creating a participatory safety governance model.

ENVIRONMENT AND POLLUTION CONTROL:

The Company is well aware of its responsibility towards a better and clean environment. Our efforts in environment management go well beyond mere compliance with statutory requirements. The Company has always maintained harmony with nature by adopting eco-friendly technologies and upgrading the same from time to time incidental to its growth programs.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has in place a Anti-Sexual Harassment Policy in compliance with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The Company always endeavors to create and provide an environment that is free from discrimination and harassment including sexual harassment. The Internal Complaints Committee (ICC) has been set up to redress complaints regarding sexual harassment, if any.

The Directors further state that during the year under review, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

For and on behalf of the Board
Farmax India Limited
Sd/- Sd/-
Place: Hyderabad A.V.Rama Raju M. Srinivasa Reddy
Date: 29.08.2016 Independent Director Managing Director
(DIN: 01408193) (DIN: 00882956)

   

Farmax India Ltd Company Background

M Srinivasa ReddyM Srinivasa Reddy
Incorporation Year1995
Registered OfficeSurvey No 658 Bowrampet Villag,Qutubullapur Mandal
Ranga Reddy,Telangana-500043
Telephone,Managing Director
Fax91-08418-23065762
Company Secretary
AuditorVijay Sai Kumar & Associates
Face Value1
Market Lot1
ListingLuxembourg,
RegistrarBig Share Services Pvt Ltd
3rd Flr 306 Rightwin,Amrutha Ville,Somajiguda,Hyderabad-500082

Farmax India Ltd Company Management

Director NameDirector DesignationYear
M Srinivasa Reddy Chairman & Managing Director 2016
A V Rama Raju Independent Director 2016
P Priyanka Independent Director 2016
Sudheer Reddy Independent Director 2016

Farmax India Ltd Listing Information

Farmax India Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of Products NA 00016.41
Ravva Ton0000
Milk KL 0000
Maida Ton0000
Atta Ton0000
Vermicelli Ton0000

Contact us Contact us