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5 to Be Signed by POST BOX NO. 10077 THE BOMBAY BURMAH TRADING CORPORATION , LIMITED TEL. NOS.: +91 22 2207 9351- 54 (4 LINES) FAX :0091-22- 2207 1612 / 6772 REGD. OFFICE: 9, WALLACE STREET,FORT, Email: bbtcl(@bom2. vsn1.net.in MUMBAI 400 001 , INDIA. Website : www.bbtcl com CIN: L99999MH1863PL0000002 FORM A - Covering letter of the Annual Audit Report 2014-2015 1 Name of the Company The Bombay Burmali Trading Corporation, Limited 2 Annual Financial Statements for the year ended 31St March,2015 3 Type of Audit Observation Emphasis of Matter 4 Frequency of Observation Appeared since Audit Report pertaining to FY 2011-2012 5 To be signed by : Managing Director V P Corporate & Company Secretary Auditor of the Company Audit Committee Member 1) The Bombay Burmah Trading Corporation, Ltd A Wadia Enterprise 2015 th 014 - ort 2 150 Rep al nu An rust n of T A Traditio Contents Location of Corporation’s Estates and Factories 2 Notice of Annual General Meeting 3-15 Directors’ Report 16-55 Management Discussion and Analysis 56-60 Auditors’ Report on Standalone Financial Statements 61-65 Financial Statements - Standalone 66-69 Notes forming part of Standalone Financial Statements 70-109 Auditors’ Report on Consolidated Financial Statements 110-111 Consolidated Financial Statements 112-115 Notes forming part of the Consolidated Financial Statements 116-157 Statement under section 129 (3) of the Companies Act, 2013 158-161 10 Years’ Financial Review 162 Proxy Form 163-164 150th Annual General Meeting Wednesday, 5th August 2015, 3.45 pm; Y B Chavan Auditorium, Gen Jagannath Bhosale Marg, Nariman Point, Mumbai – 400 021. Annual Report 2014-2015 The Bombay Burmah Trading Corporation, Limited ANNUAL REPORT 2014-2015 DIRECTORS NUSLI N. WADIA, Esq., Chairman A. K. HIRJEE, Esq., Vice Chairman M. L. APTE, Esq. D. E. UDWADIA, Esq. P. K. CASSELS, Esq. (upto 28.03.2015) B. N. B. TAO, Esq. (upto 28.03.2015) JEH WADIA, Esq. VINITA BALI (upto 1.10.2014) SHEELA BHIDE (w.e.f. 28.03.2015) A. PANJWANI, Esq., Managing Director NESS WADIA, Esq., Managing Director VICE PRESIDENT CORPORATE & COMPANY SECRETARY N. H. DATANWALA, Esq. REGISTERED OFFICE 9, WALLACE STREET, FORT, MUMBAI 400 001. Tel. No. 2207 9351 (4 lines) PRINCIPAL BANKERS HDFC BANK LIMITED AXIS BANK LIMITED KOTAK MAHINDRA BANK LIMITED THE HONGKONG & SHANGHAI BANKING CORPORATION LIMITED AUDITORS B S R & CO., LLP Lodha Excelus 1st Floor, Apollo Mills Compound, N. M. Joshi Marg, Mahalakshmi, Mumbai 400 011 India SOLICITORS CRAWFORD BAYLEY & CO. State Bank Building, 4th Floor, Hutatma Chowk, Fountain, Mumbai 400 001. UDWADIA UDESHI & ARGUS PARTNERS Elphinstone House, 1st Floor, 17, Murzban Road, Fort, Mumbai 400 001. 1 The Bombay Burmah Trading Corporation, Limited The Bombay Burmah Trading Corporation, Limited LOCATION OF CORPORATION’S ESTATES AND FACTORIES Tea and Coffee Estates : (1) Mudis Group of Estates, Mudis P.O., Coimbatore Dist., Tamil Nadu 642 117. (2) Singampatti Group of Estates, Manjolai P.O., Tirunelveli Dist., Tamil Nadu 627 420. (3) Dunsandle Estate, Dunsandle P.O., Ootacamund, Nilgiri Dist., Tamil Nadu 643 005. (4) Elkhill Group of Estates, P.O. Box No. 12, Sidapur P. & T.O., South Coorg, Karnataka 571 253. (5) Usambara Group, Marvera & Herkulu Estate, P.O. Box 22, Soni, Tanzania. Weighing Products Division : Plot 304, GIDC, Valsad Industrial Estate, Gundlav, Valsad, Gujarat 396 035. Healthcare Division : Plot No. 161-B, Village Danpur, Rudrapur Kashipur Road, Paragana-Rudrapur,Tehsil Kichha, Udhamsingh Nagar, Uttarakhand 263 153. Auto Electric Component Division : Plot no. 128-133, 3rd Cross Street, Nehru Nagar, Kottivakkam, Chennai, Tamil Nadu 600 041. Malaysian Branch : Suite 628, 6th Floor, Pan Global Plaza, Jalan Wong Ah Fook 80000, Johor Bahru, Malaysia. 2 Annual Report 2014-2015 NOTICE NOTICE is hereby given that the One Hundred and Fiftieth Annual General Meeting of the members of The Bombay Burmah Trading Corporation, Limited will be held on Wednesday, the 5th day of August, 2015 at 3:45 pm at Y B Chavan Auditorium. Gen. Jagannath Bhosale Marg, Mumbai 400 021, to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the audited Financial Statements of the Corporation for the Financial Year ended 31st March, 2015 together with the Reports of the Board of Directors and Auditors thereon. 2. To declare a dividend. 3. To appoint a Director in place of Mr. Nusli Wadia [DIN:00015731] who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re- appointment. 7RFRQVLGHUDQGLIWKRXJKW¿WWRJLYHDVVHQWRUGLVVHQWWRWKHIROORZLQJUHVROXWLRQDVDQ2UGLQDU\ Resolution: “RESOLVED THAT pursuant to the provisions of Sections139 and all other applicable provisions of the Companies Act, 2013 (the Act) read with Rule 3(7) of the Companies (Audit and Auditors) 5XOHV LQFOXGLQJDQ\VWDWXWRU\PRGL¿FDWLRQ V RUUHHQDFWPHQWWKHUHRIIRUWKHWLPHEHLQJ in force), the appointment of Messrs B S R & Co. LLP, Chartered Accountants [Registration 1R::@ DV 6WDWXWRU\ $XGLWRUV RI WKH &RUSRUDWLRQ WR KROG RI¿FH IURP WKH conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting and to authorize the Board of Directors to determine their remuneration. be and is KHUHE\UDWL¿HG´ 7RFRQVLGHUDQGLIWKRXJKW¿WWRJLYHDVVHQWRUGLVVHQWWRWKHIROORZLQJUHVROXWLRQDVDQ2UGLQDU\ Resolution: “RESOLVED THAT the Board of Directors be and is hereby authorised to appoint for the current ¿QDQFLDO\HDULQFRQVXOWDWLRQZLWKWKH&RUSRUDWLRQ¶V$XGLWRUVQDPHO\0HVVUV%65 &R//3LQ UHVSHFWRIWKHDXGLWRIWKHDFFRXQWVRIWKH&RUSRUDWLRQ¶VEUDQFKRI¿FHVRXWVLGH,QGLDDSHUVRQ ZKRLVHLWKHUTXDOL¿HGIRUDSSRLQWPHQWDVDXGLWRURIWKH&RUSRUDWLRQXQGHU6HFWLRQRIWKH &RPSDQLHV$FWRUDQDFFRXQWDQWGXO\TXDOL¿HGWRDFWDVDQDXGLWRURIWKHDFFRXQWVRIVXFK EUDQFKRI¿FHVLQDFFRUGDQFHZLWKWKHODZVRIWKHFRQFHUQHGFRXQWULHVDQGWRGHWHUPLQHWKH UHPXQHUDWLRQDQGRWKHUWHUPVDQGFRQGLWLRQVRIWKHLUDSSRLQWPHQWDV%UDQFK$XGLWRUV´ SPECIAL BUSINESS : 7R FRQVLGHU DQG LI WKRXJKW ¿W WR JLYH DVVHQW RU GLVVHQW WR WKH IROORZLQJ UHVROXWLRQ DV DQ Ordinary Resolution: “RESOLVEDTHAT pursuant to the provisions of section 148 read with the Companies (Audit DQG$XGLWRUV 5XOHV LQFOXGLQJDQ\VWDWXWRU\PRGL¿FDWLRQ V RUUHHQDFWPHQWWKHUHRIIRU the time being in force ), approval of the shareholders of the Corporation be and is hereby granted to the payment of remuneration of ` 200,000/- (Rupees Two lakhs only) plus service tax as applicable and reimbursement of actual travel and out-of-pocket expenses to M/s. GLS & Associates, Cost & Management Accountants, Coimbatore, [ICWA Registration No M 4482] DSSRLQWHGDV&RVW$XGLWRUVE\WKH%RDUGRI'LUHFWRUVIRUWKH¿QDQFLDO\HDUHQGLQJVW0DUFK 2016. “RESOLVED FURTHER THAT the Board of Directors of the Corporation be and is hereby authorized to do all acts and take all such steps as may be necessary, proper or expedient to JLYHHIIHFWWRWKLV5HVROXWLRQ´ 3 The Bombay Burmah Trading Corporation, Limited 7RFRQVLGHUDQGLIWKRXJKW¿WWRJLYHDVVHQWRUGLVVHQWWRWKHIROORZLQJUHVROXWLRQDVDQ2UGLQDU\ Resolution: “RESOLVED that pursuant to the provisions of Sections 149, 152 read with Schedule IV and all RWKHUDSSOLFDEOHSURYLVLRQVLIDQ\RIWKH&RPSDQLHV$FW µWKH$FW¶ DQGWKH&RPSDQLHV $SSRLQWPHQW DQG 4XDOL¿FDWLRQ RI 'LUHFWRUV 5XOHV DQG &ODXVH RI WKH /LVWLQJ $JUHHPHQW V EHWZHHQ WKH &RUSRUDWLRQ DQG WKH 6WRFN ([FKDQJHV ZKHUH WKH &RUSRUDWLRQ¶V shares are listed, Dr.(Mrs) Sheela Bhide [ DIN: 01843547], who was appointed as an Additional Director of the Corporation with effect from 28th March,2015 pursuant to section 161(1) of the $FWDQGZKRKROGVRI¿FHXSWRWKHGDWHRIWKLV$QQXDO*HQHUDO0HHWLQJDQGLQUHVSHFWRIZKRP the Corporation has received a notice in writing from a member proposing her candidature for WKHRI¿FHRI'LUHFWRUEHDQGLVKHUHE\DSSRLQWHGDVD'LUHFWRURIWKH&RUSRUDWLRQ “RESOLVED FURTHER THAT Dr.(Mrs) Sheela Bhide.who has submitted a declaration that she meets the criteria for independence as provided in Section 149(6) of the Act be and is hereby DSSRLQWHGDVDQ,QGHSHQGHQW'LUHFWRURIWKH&RUSRUDWLRQIRUDWHUPRI¿YHFRQVHFXWLYH\HDUV ZLWKHIIHFWIURPWK$XJXVWXSWRWK$XJXVW´ 7RFRQVLGHUDQGLIWKRXJKW¿WWRJLYHDVVHQWRUGLVVHQWWRWKHIROORZLQJUHVROXWLRQDVDQ6SHFLDO Resolution: “RESOLVED THAT pursuant to the provisions of Sections 196, 197, 203 and any other DSSOLFDEOH SURYLVLRQV RI WKH &RPSDQLHV $FW ³$FW´ DQG WKH UXOHV PDGH WKHUHXQGHU LQFOXGLQJ DQ\ VWDWXWRU\ PRGL¿FDWLRQ V RU UHHQDFWPHQW WKHUHRI UHDG ZLWK 6HFWLRQ ,, RI 3DUW II of Schedule V and subject to the approval of Central Government and such other necessary approval(s), consent(s) or permission(s), as may be required, and in furtherance of the relevant resolution passed at the Annual General Meeting of the Corporation held on August 5,2011 [2011 resolution] consent of the Corporation be and is hereby accorded to pay remuneration to Mr. Ness Wadia[DIN:00036049], Managing Director of the Corporation, with effect from April 1, 2014, on terms and conditions recommended by the Nomination and Remuneration Committee and as set out in the Explanatory Statement annexed to the Notice. for the remaining SHULRG RI KLV WHQXUH LH XSWR 0DUFK SURYLGHG WKH VDLG UHPXQHUDWLRQ LV ZLWKLQ WKH overall limits set out in the 2011 resolution. “RESOLVED FURTHER that consent of the Corporation is also accorded to pay Mr. Ness Wadia minimum remuneration as approved by the Board on the recommendation of the Nomination and Remuneration Committee within the overall limits of the remuneration as aforesaid for any ¿QDQFLDO\HDUZKHUHWKHUHLVLQDGHTXDF\RUDEVHQFHRISUR¿WVGXULQJWKHSHULRGFRPPHQFLQJ from April 1,2014 until the expiry of his tenure as Managing Director i.e upto March 31,2016.
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