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Kore Foods Ltd

BSE Code : 500458 | NSE Symbol : PHILCORP | ISIN:INE601A01017| SECTOR : FMCG |

NSE BSE
 
SMC up arrow

3.40

0.00 0.00 Volume 280564

16-Aug-2007 EOD

Prev. Close

3.40

Open Price

3.60

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 3.60 - 3.30

52 wk High/Low 3.60 - 0.00

Key Stats

MARKET CAP (RS CR) 2.16
P/E 0
BOOK VALUE (RS) -4.3703952
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0
PRICE/BOOK -0.423302679812572
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

15-Oct-2020

Kore Foods Ltd - Submission Of Compliance Certificate Under Regulation 40(9) Of The SEBI LODR.

14-Oct-2020

Kore Foods Ltd - Statement Of Investor Complaints For The Quarter Ended September 2020

08-Oct-2020

Kore Foods Ltd - Shareholder Meeting / Postal Ballot-Scrutinizers Report

01-Oct-2020

Kore Foods Ltd - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association

04-Sep-2020

Kore Foods AGM scheduled

24-Jul-2020

Kore Foods to convene board meeting

16-Jun-2020

Kore Foods to announce Quarterly Result

07-May-2020

Kore Foods to hold board meeting

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
Farmax India Ltd 590094 FARMAXIND
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
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 1000 0.01
Total Institutions 24700 0.21
Total Govt Holding 23200 0.20
Total Non Promoter Corporate Holding 0 0.00
Total Promoters 5860505 50.30
Total Public & others 5740595 49.28
Total 11650000 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Kore Foods Ltd

Incorporated in Jan.'83 as Goa Optics Pvt Ltd, PHIL Corporation (PCL) subsequently changed its name to Photophone Industries India and, since 1985, it has been a public limited company. In Jan.'95, it got its present name. PCL was promoted by Photophone together with Moorad Fazalbhoy and Associates. A Fazalbhoy is the chairman. PCL is one of the established and reputed photographic companies in the country with a diversified product range. The products manufactured and marketed, and the services rendered by the company find applications in market segments like amateur and professional photography, photo-finishing, documentation and presentation. PCL has close relationships with Konica Corp, Polaroid Corp and Goko Camera Company, Japan. In May '93, PCL came out with a rights issue to part-finance the project for conversion and packaging of imported photographic colour films into roll cartridges at Bicholim, Goa, with technical assistance from Konica. During 1999, a modest start was made in the Medical & Graphic products segment. All the software & network related activities of the Company have been consolidated under the Phil Net Division. This group has been active in developing applications for the company's core imaging business. The major achievements have been The Phil ID Form and the Phil Photo Station. During 1999-2000, the launch of Konica Centuria in 4 film speeds - ASA 100, 200, 400 and 800, met with outstanding success and was discontinued in the middle of the year due to complex arrangement. The camera range was enhanced with the introduction of Phil One Shot camera which is best in its class. Konica Gloden Dragon paper was well received in the market due to its excellent characteristics. The company was awarded the contract for the making of Voter ID cards for the Goa State Election Commission. The ERP system has been implemented by the subsidiary company Phil Systems for the corporation which has been converted to Linux and Postgressql. To integrate the operations and to save administrative costs,the company is proposing to merge the retail subsidiary viz,Gokhatak Enterprises Limited with itself.

Kore Foods Ltd Chairman Speech

Kore Foods Ltd Company History

Incorporated in Jan.'83 as Goa Optics Pvt Ltd, PHIL Corporation (PCL) subsequently changed its name to Photophone Industries India and, since 1985, it has been a public limited company. In Jan.'95, it got its present name. PCL was promoted by Photophone together with Moorad Fazalbhoy and Associates. A Fazalbhoy is the chairman. PCL is one of the established and reputed photographic companies in the country with a diversified product range. The products manufactured and marketed, and the services rendered by the company find applications in market segments like amateur and professional photography, photo-finishing, documentation and presentation. PCL has close relationships with Konica Corp, Polaroid Corp and Goko Camera Company, Japan. In May '93, PCL came out with a rights issue to part-finance the project for conversion and packaging of imported photographic colour films into roll cartridges at Bicholim, Goa, with technical assistance from Konica. During 1999, a modest start was made in the Medical & Graphic products segment. All the software & network related activities of the Company have been consolidated under the Phil Net Division. This group has been active in developing applications for the company's core imaging business. The major achievements have been The Phil ID Form and the Phil Photo Station. During 1999-2000, the launch of Konica Centuria in 4 film speeds - ASA 100, 200, 400 and 800, met with outstanding success and was discontinued in the middle of the year due to complex arrangement. The camera range was enhanced with the introduction of Phil One Shot camera which is best in its class. Konica Gloden Dragon paper was well received in the market due to its excellent characteristics. The company was awarded the contract for the making of Voter ID cards for the Goa State Election Commission. The ERP system has been implemented by the subsidiary company Phil Systems for the corporation which has been converted to Linux and Postgressql. To integrate the operations and to save administrative costs,the company is proposing to merge the retail subsidiary viz,Gokhatak Enterprises Limited with itself.

Kore Foods Ltd Directors Reports

To The Members of Kore Foods Limited

The Directors of your company present their 36th Annual Report together with the Audited Financial Statements for the year ended 31st March, 2019.

Financial Highlight

Amount in Lacs
Particulars 2018-19 2017-18
Income from operation (Gross) 16.20 0.99
Other income 21.11 38.74
Profit/(Loss) before Depreciation and Tax (5.95) (21.89)
Depreciation for the year (9.16) (9.25)
Profit/(Loss) before Tax (15.12) (31.14)
Balance of Profit/(Loss) brought forward (3099.20) (3068.06)
Balance of Profit/(Loss) carried forward to Balance Sheet (3114.32) (3099.20)
Earnings Per Share (0.13) (0.27)

Dividend

In view of the loss made during the year and the accumulated losses, the Directors do not recommend any dividend for the financial year 2018-19.

Current Business

To develop the nut business on a processing fee basis to Nutty Treats and Food Private Limited.

Management Discussion and Analysis Report

A detailed analysis of Company's performance is discussed in the Management Discussion and Analysis Report attached as Annexure - I.

Corporate Governance

Report on Company's Corporate Governance is appended as Annexure II and compliance certificate from auditors which forms part of this Annual Report.

The Company is in compliance with the requirements stipulated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with regard to Corporate Governance.

Board Evaluation

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual performance evaluation of its own performance, the directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration and other Committees. The manner in which the evaluation has been carried out has been explained in the Corporate Governance Report.

Director's Responsibility Statement

In terms of Section 134 (5) of the Companies Act 2013, the Board of Directors, to the best of their knowledge and ability confirm:

a) That in the preparation of the Annual Accounts the applicable Accounting Standards have been followed and there has been no material departure;

b) That the selected accounting policies were applied consistently and the Directors 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 as at March 31, 2019 and of the loss of the Company for the year ended on that date;

c) That proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) That the Directors have prepared the annual accounts on a going concern basis;

e) That proper internal financial controls were in place and that the financial controls were adequate and were operating effectively; and

f) That systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.

Declaration by Independent Directors

All Independent Directors have given declarations under Section 149 (7) of the Companies Act, 2013 that they meet the criteria of independence as laid down under Section 149(6) of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Directors

a) Mr. John Silveira was appointed as Managing Director w.e.f. 07th July 2017 to hold office till 31st March 2019 and his reappointment was taken in the Board Meeting held on 05th February, 2019 subject to approval of the members in the General Meeting for a further term of two years from 01st April 2019 to 31st March, 2021.

b) Company Director Mrs. Sharon Carvalho resigned from directorship w.e.f 24th April, 2019.

c) Mrs. Mona D'Souza has been appointed as a Non-Executive Additional Director w.e.f. 1st June, 2019.

Key Managerial Personnel

In terms of Section 203 of the Companies Act, 2013, following are the Key Managerial Personnel (KMP) of the Company as on the date of this report:

Sr. No. Name of the KMP Designation
1 John Silveira Managing Director
2 Shalini Lobo Chief Finance Officer
3 Pouras N Rane (till 28.04.2018) Company Secretary
Jayashree Mishra (Appointed on 15.06.2018) Company Secretary-cum
-Compliance Officer and Key Managerial Personnel

Note:

1. Jayashree Mishra has submitted resignation letter w.e.f. 1st June, 2019.

2. Details of remuneration drawn by the Key Managerial Personnel are mentioned in MGT-9.

Extract of Annual Return as per Section 92 (3)

As provided under Section 92(3) of the Companies Act, 2013 extract of the Annual Return in form MGT 9 is available on the Company's website. URL:http://www.korefoods.in/sites/default/files/docs/Extract%20of%20Annual %20Return%20(MGT-9).pdf

Board and Committee Meetings

During the year under review, 4 Board Meetings, 4 Audit Committee Meetings were convened and held. The details of the same are given in the Corporate Governance Report. The intervening gap between two consecutive meetings was within the period prescribed under the Companies Act, 2013 and the SEBI Listing Regulations.

The details of the composition of the Board and Committee Meetings and the number of meetings held during the year including the attendance of Board and members of the Committees are given in the Corporate Governance Report.

All recommendations of the Audit Committee were accepted by the Board.

Internal Financial Control

The Company has an Internal Financial Control System, commensurate with the size, scale and complexity of its operations. The Audit Committee of the Board periodically reviews the internal control system with the Management, Internal Auditor and Statutory Auditor and the adequacy of internal audit functions, significant internal audit findings and follow up thereon.

Statutory Auditors

The Company's auditor M/s. S.V. Shah & Associates (Firm Registration No. 139517W) were appointed as statutory auditors for 5 years at the 34th Annual General Meeting held on 05th September, 2017. Accordingly, the said firm will continue to be the statutory auditors till the conclusion of Annual General Meeting for Financial Year 2021-22.

Statutory Auditors' Observation

The report of the statutory auditor does not contain qualification or adverse remark. The emphasis of matter in the Auditor's Report has been explained in Note No. 20 (2) to the annual accounts in the Annual Report.

Secretarial Auditor

Pursuant to Section 204 of the Companies Act 2013, and the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014, the Company has appointed Ms. Girija Nagvekar (CP No. 10335 / Membership No. 28111), a Practicing Company Secretary to undertake the Secretarial Audit of the Company for the year under review.

The Secretarial Audit Report is annexed herewith to the Annual Report - Annexure III. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

Cost Auditor

The Company is not required to maintain cost records as per the Companies (Cost Records and Audit) Amendment Rules, 2014.

Corporate Social Responsibility (CSR)

The Company does not fulfil the criteria for undertaking CSR activity under Section 135, of the Companies Act, 2013 (hereinafter referred as 'the Act') and the Companies (Corporate Social Responsibility Policy) Rules, 2014 and hence the same is not applicable to the Company during the year under review.

Related Party Transactions

During the year under review, the Company has entered into transactions with Related Parties in the ordinary course of business and at arm's length. The particulars of Related Party transactions entered during the year is provided in Form AOC-2 which is annexed to this report as Annexure VI.

Disclosure under The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

The Company has in place an anti- sexual harassment policy in line with the requirement of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. This policy is gender neutral.

During the year under review, there were no complaints referred to ICC.

Vigil Mechanism/Whistle Blower Policy

The Company has a Vigil Mechanism/Whistle Blower Policy, the details of this are explained in the Corporate Governance Report.

Risk Management

The Company business is exposed to many internal and external risks and it has consequently put in place a robust risk management framework to identify and evaluate business risks and opportunities. The risk management process consists of risk identification, risk assessment and risk mitigation.

The Board periodically reviews the risk management plan for the Company including identification of elements of risks if any, which in the opinion of the Board may affect the operations of the Company.

Remuneration Policy

The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The details of Remuneration Policy are stated in the Corporate Governance report.

Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo

Section 134 (3)(m) of the Companies Act , 2013 read with rule 8(3) of the Companies (Accounts) Rules, 2014 is forming part of the Directors' Report for the year ended 31st March, 2019.

(a) Conservation of Energy

Energy conservation is a continuous programme and the Company has laid emphasis on creating awareness amongst employees for optimizing operations and improving efficiency of machinery and equipment. Steps taken for energy conversion were - heat reflective paint, adoption of efficiency light fittings, adoption of efficiency pumps and motors and LED lamps for common areas. The measures taken by the Company have resulted in saving in energy consumption.

(b) Technology Absorption

1. Expenditure incurred on Research & Development Nil

2. Imported technology during last 3 years - None

(c) Foreign Exchange Earnings and Outgo: Nil

Public Deposits

During the financial year 2018-19, your Company had not accepted any deposit within the meaning of Sections 73 and 74 of the Companies Act 2013 read together with the Companies (Acceptance and Deposits) Rules, 2014.

Particulars of Loans/Advances/Investments outstanding during the financial year

Company does not have any loans/advances/investments outstanding during the year under review and hence provisions of Section 186 of the Companies Act, 2013 are not applicable.

Employee Remuneration

The ratio of remuneration of each Director to the median employees remuneration and other details in terms of Section 197 (12) of the Companies Act, 2013 read with Rule 5 (1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are forming part of this Report as Annexure IV.

Particulars of the employees as required under Section 197 (12) of the Companies Act, 2013, read with Rule 5 (2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are not applicable as the Company did not have any employee drawing remuneration in excess of the sums prescribed.

Significant and Material Orders passed by the Regulators or Courts

During the year of review there was no significant and material orders being passed by the regulatory or Court or Tribunal which can impact the going concern status of the Company and its operations in future.

Material changes and commitment, if any, affecting financial position of the Company

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

Employee Stock Option Scheme

The Company has no Employee Stock Option Scheme.

Awards & Recognition

The Company has not received any awards and recognitions during the year under review.

Acknowledgement

Your Directors place on record their appreciation for the continuing support and co-operation from the customers, vendors, dealers, distributors, bankers, shareholders, Goa Industrial Development Corporation, State Industries Electricity and other Government departments.

The Directors also take this opportunity to thank the employees for their dedicated service throughout the year.

For and on behalf of the Board
Sadashiv Shet
(Chairman)
DIN: 02227102
Place : Mapusa
Date : 29th May, 2019

   

Kore Foods Ltd Company Background

Sadashiv V ShetJohn Silveira
Incorporation Year1983
Registered OfficeVision House,Tivim Industrial Estate Mapusa
Goa,Goa-403526
Telephone91-0832-2257347,Managing Director
Fax91-0832-2257231/2257729
Company SecretaryPuja Joshi
AuditorS V Shah & Associates
Face Value10
Market Lot1
ListingBSE,
RegistrarDatamatics Financial Services
Plot No B-5 MIDC ,Part B Cross Lane ,Marol Andheri(E) ,Mumbai-400093

Kore Foods Ltd Company Management

Director NameDirector DesignationYear
A Y Fazalbhoy Director 2020
Sadashiv V Shet Chairman & Independent Directo 2020
Kundapoor D Bhat Director 2020
John Silveira Managing Director 2020
Sayed Abbas Independent Director 2020
Mona D'Souza Non Executive Director 2020
Puja Joshi Company Secretary 2020

Kore Foods Ltd Listing Information

Kore Foods Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of Services NA 0000.162
Sale of Products NA 0000
Others NA 0000
Nuts-Roasted-Salted/Flavoured Kg 0000
Food Products NA 0000
Process/Conversion-Phot.Coat.PSqM0000
Photographic Chemicals No 0000
Photosensitive coated product NA 0000
Nuts NA 0000
Photographic Cameras & Access.No 0000
Photo Finish.M/c.Spares/AccessNA 0000

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