Dabur Foods Limited Audited Balance Sheet and Profit & Loss ...

DIRECTOR’S REPORT (Contd...)FIXED DEPOSITS:The Company has not accepted Fixed Deposits pursuant to section 58A of the Companies Act, 1956.SUBSIDIARIES:As required by the provisions of section 212 of the Companies Act, 1956, the audited accounts together with Directors Reportand Auditors Report of the subsidiary Company are appended and forms part of the Annual Report. The statement pursuant toSection 212 of the Act is attached and forms part of this report.PARTICULARS OF EMPLOYEES :During the year under review no employee of the Company was in receipt of remuneration exceeding the limits as laid downunder section 217 (2A) of the Companies Act, 1956. Therefore, the information as required under section 217(2A) of the Act,read with the Companies (Particulars of Employees) Rules, 1975 is not being given.ACKNOWLEDGEMENT:Your Directors would like to express their grateful appreciation for the continued support and co-operation received from theCustomers, Dealers, Bankers, Government authorities and shareholders. They also wish to place on record their appreciationfor the dedication and hard work put in by the employees of the Company at all levels.For and on behalf of the BoardGhaziabadAmit BurmanP D Narang22nd April, 2005 Director DirectorAnnexure 1 to director’s reportStatement Pursuant to Section 212 of the Companies Act, 1956 relating to Subsidiary Companies1 Name of Subsidiary Pasadensa Foods Ltd(Figures in Rupees)2 Holding Company’s Interest 50,00,000 Equity Shares of3 Extent of Holding 100%Rs. 10 each fully Paid-up4 Subsidiary Financial Year Ended 31st March, 20055Net aggregate amount of subsidiaries Profit/(Loss)not dealt within the holding company’s accounts :(I) For the financial year of the subsidiaries Rs. (2,87,76,260)(II) For the previous financial year of the subsidiary Rs. (16,20,597)since they become the holding company’s subsidiary6 Net aggregate amount of subsidiaries Profit/(Loss)dealt within the holding company’s accounts :(I) For the financial year of the subsidiaries Rs. 31,79,474(II) For the previous financial year of the subsidiary Rs. 15,53,425since they become the holding company’s subsidiaryDabur Foods Limited • Annual Report 2004-0535